Danaher Corporation (DHR) P/E Ratio History
Historical price-to-earnings valuation from 1990 to 2026
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DHR Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 6, 2026, Danaher Corporation (DHR) trades at a price-to-earnings ratio of 34.6x, with a stock price of $174.63 and trailing twelve-month earnings per share of $5.19.
The current P/E is roughly in line with its 5-year average of 35.2x. Over the past five years, DHR's P/E has ranged from a low of 24.2x to a high of 52.6x, placing the current valuation at the 50th percentile of its historical range.
Compared to the Healthcare sector median P/E of 22.2x, DHR trades at a 56% premium to its sector peers. The sector includes 241 companies with P/E ratios ranging from 0.0x to 171.0x.
Relative to the broader market, DHR commands a significant premium over the S&P 500 median P/E of 25.1x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our DHR DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
DHR P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $173B | 26.3 | 12.46 | +7% | |
| $33B | 25.7 | 1.75 | +3% | |
| $20B | 31.8 | 6.15 | +0% | |
| $7B | 9.2Lowest | - | +143%Best | |
| $6B | 50.0 | - | -74% | |
| $26B | 30.9 | 2.78 | +4% | |
| $45B | 43.0 | 3.01 | +23% | |
| $17B | 30.5 | - | -25% | |
| $30B | 22.5 | 0.56Best | +5% | |
| $7B | 89.5 | - | -76% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
DHR Historical P/E Data (1990–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q1 | Fri Mar 27 2026 00:00:00 GM | $181.52 | $5.17 | 35.1x | +44% |
| FY2025 Q4 | Wed Dec 31 2025 00:00:00 GM | $228.92 | $5.04 | 45.4x | +87% |
| FY2025 Q3 | Fri Sep 26 2025 00:00:00 GM | $184.84 | $4.85 | 38.1x | +57% |
| FY2025 Q2 | Fri Jun 27 2025 00:00:00 GM | $198.80 | $4.70 | 42.3x | +74% |
| FY2025 Q1 | Fri Mar 28 2025 00:00:00 GM | $205.85 | $5.15 | 40.0x | +64% |
| FY2024 Q4 | $229.55 | $5.28 | 43.5x | +79% | |
| FY2024 Q3 | Fri Sep 27 2024 00:00:00 GM | $275.44 | $5.24 | 52.6x | +116% |
| FY2024 Q2 | Fri Jun 28 2024 00:00:00 GM | $249.85 | $5.63 | 44.4x | +82% |
| FY2024 Q1 | Fri Mar 29 2024 00:00:00 GM | $249.72 | $5.90 | 42.3x | +74% |
| FY2023 Q4 | Sun Dec 31 2023 00:00:00 GM | $231.34 | $6.39 | 36.2x | +49% |
| FY2023 Q3 | Fri Sep 29 2023 00:00:00 GM | $219.92 | $7.90 | 27.8x | +14% |
| FY2023 Q2 | Fri Jun 30 2023 00:00:00 GM | $212.74 | $8.49 | 25.1x | +3% |
Average P/E for displayed period: 24.3x
Full DHR Stock Analysis
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Start ComparisonDHR — Frequently Asked Questions
Quick answers to the most common questions about buying DHR stock.
Is DHR stock overvalued or undervalued?
DHR trades at 34.6x P/E, near its 5-year average of 35.2x. The 50th percentile ranking places valuation within normal historical bounds.
How does DHR's valuation compare to peers?
Danaher Corporation P/E of 34.6x compares to sector median of 22.2x. The premium reflects expected growth above peers.
What is DHR's PEG ratio?
DHR PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 1990-2026.