DOVER Corp (DOV)

Industrials · Industrial Machinery & Supplies & Components · US stock · S&P 500 component

$199.20 ▲ +3.71 (1.90%)

At close 23 Oct 2026 · USD · Volume 1,701,199

Compare with GWW

Interactive chart Research report Forecast ranges Pro workspace SEC filings Historical data

Fair valueFair

$186 −4.7% to fair value

$93fair band $159–$226$279

Day's range

$194.28 – $199.87

52-week range

$170.00 – $237.54

About DOVER Corp

Dover is a diversified industrial manufacturer that makes equipment, components and software for a range of end markets. Its businesses include fuel dispensers and fueling systems, pumps and process equipment, refrigeration and heat exchange products, and marking and coding equipment for packaging, along with engineered products such as vehicle service equipment. It runs through operating segments each holding several businesses, and its customers include fuel retailers, food and beverage producers, industrial firms and supermarkets.

Revenue comes from the equipment it manufactures and from parts, aftermarket support and consumables. Sales were $8.4 billion over the last twelve months, up 1.0% a year over the last three years. The operating margin is 16.9%, and the business earns a profit of 11% on the capital invested in it. Net debt is 1.2 times EBITDA. A dividend is paid, with a yield of 1.1%. On the site's X-Ray Score it receives 49 out of 100.

Price chart

Interactive chart Historical data & CSV

52-wk range $170.00 – $237.54Volume 1,701,199Daily, split-adjusted

Vitals

Market cap$27.0B

52-week range$170.00 – $237.54

Volume (last day)1,701,199

P/E (TTM)24.0

EBIT / EV yield5.0%

Free-cash-flow yield–

Dividend yield1.1%

Revenue (TTM)$8.4B

Net income (TTM)$1.1B

Operating margin16.9%

Return on capital11.3%

Debt incl. leases$3.9B

Cash & securities$1.8B

Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies that hold large long-term investments). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.

Fair value estimate

$186middle half of models $173 – $205

Fair −4.7% to fair value

Average of the 14 valuation models that pass our checks: multiples, discounted cash flow, dividend discount and earnings power value. A model more than 100% above or 60% below the price is left out as unrealistic. Model uncertainty is Medium, based on how far apart the models are. Undervalued or Overvalued means the gap to fair value is more than 17.5%.

Price $199

Undervalued < $159Fair $159 – $226Overvalued > $226

P/E multiple

$190

P/B multiple

$218

P/S multiple

$199

EV/EBITDA multiple

$203

EV/EBIT multiple

$199

EV/revenue multiple

$200

10-year DCF, EBITDA exit

$205

5-year DCF, EBITDA exit

$207

10-year DCF, revenue exit

$205

5-year DCF, revenue exit

$206

10-year DCF, growth exit

$148

5-year DCF, growth exit

$138

Dividend discount, stable · not used

$74

Dividend discount, multi-stage

$123

Earnings power value

$167

Growth the price implies

14.5%/yr

A model estimate, not a price target or recommendation. Inputs: risk-free 5.13%, equity risk premium 4.30% (Damodaran). How it works.

What this means

Weak business, fairly priced

The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.

Before you invest · decision checklist

I understand how this company makes money Business quality is average or better 49 The price is not above fair value $186 fair value Debt looks manageable 1.2× EBITDA Revenue has been growing 1.0% a year Profits are backed by cash There are no red flags none raised I know what share of my savings this would be

Ticked boxes are filled in from our data; the rest are yours to answer.

The five-lens scan

Every score explained in one sentence, ranked against Industrials peers. Open a lens to see the numbers behind it.

Strong: 70 to 100Fair: 50 to 69Weak: under 50No score: not enough data

Valuation Fair

61/100

Priced about in line with its sector.

See the numbers →

EBIT / EV yield5.0%

Fair value vs price1.0×

Growth Weak

37/100

Growing slower than most of its sector.

See the numbers →

Revenue growth (3y)1.0%

EPS growth (3y)2.3%

Growth consistency70%

Profitability Fair

51/100

Returns on capital are typical for its sector.

See the numbers →

Return on invested capital11.3%

Operating margin16.9%

Gross profitability24.3%

Financial health Weak

47/100

Balance sheet is more stretched than most peers.

See the numbers →

Piotroski F-Score4 / 9

Net debt / EBITDA1.2×

Interest cover12.5×

Dividends Weak

41/100

Dividend is modest or less certain than peers.

See the numbers →

Dividend yield1.1%

Dividend growth-0.5%

Quarterly results: last 6 quarters

-0.9%

Mar '25

+5.2%

Jun '25

+4.8%

Sep '25

+8.8%

Dec '25

+10.1%

Mar '26

+6.9%

Jun '26

Revenue against the same quarter a year earlier. Latest quarter revenue $2.2B, diluted EPS $2.30.

Compare with peers

SNA Snap-on Inc66 PNR PENTAIR plc62 XYL Xylem Inc.55 GWW W.W. Grainger, Inc.55

Other Industrial Machinery & Supplies & Components companies by X-Ray Score.

SWOT analysis: DOVER Corp

Strengthsinside the company

Operating profit covers interest 12x, so debt costs are a small drag.

Weaknessesinside the company

No clear weakness in the figures we track.

Opportunitiesvaluation and setting

No specific opportunity is visible in our valuation, sector or growth data.

Threatsvaluation and setting

No specific threat is flagged by our checks; general market and interest-rate risk still applies.

Written by fixed rules from the figures on this page and the peer table below: filings, our fair value, the sector climate and the price trend. It summarises the data, it is not a forecast or advice.

Compare DOV with peers and sector

Medians of 13 Industrial Machinery & Supplies & Components peers and of 80 Industrials stocks in our universe. Largest peers (X-Ray Score): PH 50, ITW 46, GWW 55, IR 47, OTIS 55, XYL 55.

Metric	DOV	Peers	Sector
X-Ray Score (out of 100)	49	50	51
Valuation	61	52	44
Growth	37	40	51
Profitability	51	48	50
Financial health	47	56	49
Dividends	41	55	53

Sector leaders: highest X-Ray Score in Industrials

DOV ranks #44 of 81 in Industrials and #8 of 14 in Industrial Machinery & Supplies & Components by X-Ray Score. A higher score is stronger on our five pillars; it is a ranking of facts, not a forecast.

Company	X-Ray Score
#1 GD General Dynamics Corp	70
#2 EME EMCOR Group, Inc.	69
#3 PAYX Paychex Inc	69
#4 LDOS Leidos Holdings, Inc.	67
#5 SNA Snap-on Inc	66
…
#44 DOV DOVER Corp (this stock)	49

Metric	DOV	Peers	Sector
P/E ratio	23.4x	26.2x	29.3x
PEG ratio	10.23	2.41	2.33
Price / book	3.4x	3.6x	6.3x
Price / sales	3.1x	3.7x	3.6x
EV / EBITDA	15.8x	18.1x	18.6x
Price / free cash flow	–	25.4x	25.5x
Dividend yield	1.1%	1.3%	1.3%
Gap to our fair value	−4.7%	−7.9%	−8.9%

Metric	DOV	Peers	Sector
Price change, 1 month	+4.8%	+0.8%	+2.4%
Price change, 3 months	−8.6%	−0.2%	−2.3%
Price change, 6 months	−9.1%	−1.7%	−1.2%
Price change, 1 year	+17.8%	+13.2%	+11.3%

Metric	DOV	Peers	Sector
Market value	$26.5B	$23.8B	$47.6B
Revenue (last 12 months)	$8.4B	$7.9B	$15.1B
EBITDA (last 12 months)	$1.8B	$1.5B	$2.5B
Net income (last 12 months)	$1.1B	$959M	$1.5B
Free cash flow (last 12 months)	–	$1.1B	$1.7B

Metric	DOV	Peers	Sector
Revenue growth, last year	+4.5%	+3.8%	+4.5%
Revenue growth, 3 years a year	+1.0%	+2.5%	+5.6%
EPS growth, 3 years a year	+2.3%	+4.5%	+5.7%
Free cash flow growth, 3 years a year	–	+11.8%	+14.5%
Dividend growth	−0.5%	+7.1%	+7.0%

Metric	DOV	Peers	Sector
Gross margin	39.6%	40.9%	37.9%
EBITDA margin	21.5%	23.6%	20.1%
Operating margin	16.9%	20.6%	17.5%
Net margin	13.5%	14.5%	12.4%
Return on invested capital	11.3%	13.5%	15.0%
Return on equity	14.7%	17.0%	23.8%

Metric	DOV	Peers	Sector
Net debt / EBITDA	1.2x	1.8x	1.8x
Interest cover	12.5x	20.5x	21.8x
Current ratio	2.0x	1.6x	1.2x
Piotroski F-score (0 to 9)	4	6	6

Green means better than the peer median, red worse (only where a higher or lower figure is clearly better). A dash means too few companies report the figure. P/E, EV/EBITDA and price changes are not graded: a different level is not good or bad by itself.

Factor ratings for DOV

Each factor is rated by where DOV stands among the 81 Industrials stocks in our universe.

Rating against the sector

Goodthe top third of these stocks

Averagethe middle third of these stocks

Badthe bottom third of these stocks

"Beats" is the share of those stocks it is ahead of.

Against its own history

The last columns set today's figure against the company's own median of its last five financial years:

▲ Betterbetter than its usual level

▼ Worseworse than its usual level

≈ In linewithin its usual range

For valuation factors Good means cheaper than most of the sector and Better means cheaper than usual for this company, which is not the same as a bargain.

In total: 3 Good · 10 Average · 5 Bad of 18 Growth: 0 · 2 · 1 Profitability: 0 · 3 · 2 Financial strength: 1 · 2 · 1 Valuation: 2 · 2 · 0 Efficiency: 0 · 1 · 1

Factor	DOV	Rating	Sector median	Own 5-year median	Against own history
Growth
Revenue growth, 3 years a year	+1.0%	Bad beats 26%	+5.6%	–	–
Revenue growth, last year	+4.5%	Average beats 49%	+4.5%	+0.8%	▲ Better
EPS growth, 3 years a year	+2.3%	Average beats 41%	+5.7%	–	–
Profitability
Gross margin	39.6%	Average beats 63%	38.0%	37.6%	≈ In line
Operating margin	16.9%	Average beats 46%	17.5%	16.2%	≈ In line
Net margin	13.5%	Average beats 56%	12.8%	13.8%	≈ In line
Return on invested capital	11.3%	Bad beats 30%	14.9%	–	–
Return on equity	14.7%	Bad beats 31%	23.7%	24.9%	▼ Worse
Financial strength
Net debt / EBITDA	1.2x	Average beats 66%	1.8x	1.8x	▲ Better
Interest cover	12.5x	Average beats 36%	21.4x	11.0x	▲ Better
Current ratio	1.98	Good beats 87%	1.25	1.40	▲ Better
Piotroski F-score	4 / 9	Bad beats 3%	6 / 9	–	–
Valuation
P/E ratio	23.4x	Good beats 71%	28.9x	20.5x	▼ Worse
Price / book	3.4x	Good beats 77%	6.2x	4.2x	▲ Better
Price / sales	3.1x	Average beats 55%	3.5x	3.3x	≈ In line
EV / EBITDA	15.8x	Average beats 64%	18.5x	16.7x	≈ In line
Efficiency
Inventory turnover	3.6x	Average beats 34%	4.0x	4.1x	▼ Worse
Days sales outstanding	66 days	Bad beats 27%	57 days	63 days	≈ In line

These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the X-Ray Score. A factor is left out when its data is missing or meaningless (for example a P/E on negative earnings). A dash in the history columns means fewer than three usable years.

Fundamentals checklist

● 2 Good · ● 8 Average · ● 3 Bad

Cash quality

Risk models

Altman Z''Good

Piotroski F-ScoreBad

Growth

EPS growth (3y)Average

Revenue growth (3y)Bad

Growth consistencyAverage

Balance sheet

Current ratioGood

Net debt / EBITDAAverage

Interest coverAverage

Valuation

Fair value vs priceAverage

EBIT / EV yieldAverage

Profitability

Return on invested capitalBad

Operating marginAverage

Gross profitabilityAverage

Each check is graded against the company's sector, not a fixed number. Checklist score 48/100.

Financials

	FY21	FY22	FY23	FY24	FY25
Revenue	$7.9B	$7.8B	$7.7B	$7.7B	$8.1B
Operating income	$1.3B	$1.3B	$1.2B	$1.2B	$1.4B
Net income	$1.1B	$1.1B	$1.1B	$2.7B	$1.1B
Operating cash flow	$1.1B	$806M	$1.3B	–	–
Operating margin	16.2%	16.3%	15.9%	15.6%	17.0%
Free cash flow	$944M	$595M	$1.2B	–	–
Diluted EPS	$7.74	$7.42	$7.52	$19.45	$7.94

Fiscal years, from SEC filings.

Technical summary

Daily

Neutral

8 bullish · 1 neutral · 7 bearish

Weekly

Neutral

5 bullish · 1 neutral · 6 bearish

Monthly

Bullish

5 bullish · 1 neutral · 2 bearish

Moving averages (daily)

SMA 10	195.4	Bullish
EMA 10	195.6	Bullish
SMA 20	192.4	Bullish
EMA 20	193.9	Bullish
SMA 50	193.6	Bullish
EMA 50	195.4	Bullish
SMA 100	203.5	Bearish
EMA 100	199.8	Bearish
SMA 200	208.9	Bearish
EMA 200	201.1	Bearish

Oscillators (daily)

RSI (14)	61.11	Neutral
MACD (12, 26)	1.46	Bullish
Momentum (12)	5.79	Bullish
Stochastic %K (14)	93.52	Bearish
Williams %R (14)	-6.48	Bearish
CCI (20)	127.1	Bearish

Pivot points (classic, last session)

190.1

192.2

195.7

Pivot

197.8

201.3

203.4

206.9

Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.

Dividends

Paid, last 12 months

2.09 USD

Yield on today's price

1.05%

Frequency

Quarterly

Next ex-dividend date

Not announced

Ex-dividend date	Amount per share
31 Aug 2026	0.5250
29 May 2026	0.5200
27 Feb 2026	0.5200
28 Nov 2025	0.5200
29 Aug 2025	0.5200
30 May 2025	0.5150
28 Feb 2025	0.5150
29 Nov 2024	0.5150
30 Aug 2024	0.5150
31 May 2024	0.5100
28 Feb 2024	0.5100
29 Nov 2023	0.5100

Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.

ETFs that hold DOV

ETF	Share of the fund
NOBL ProShares S&P 500 Dividend Aristocrats	1.41%
KNG FT Cboe Vest S&P 500 Dividend Aristocr...	1.31%
JAVA JPMorgan Active Value	1.22%
RSPN Invesco S&P 500 Equal Weight Industria...	1.13%
SDVY First Trust SMID Cap Rising Dividend A...	0.67%
ROCY JPMorgan Equity Premium Yield	0.62%
JEPI JPMorgan Equity Premium Income	0.62%
XLI Industrial Select Sector SPDR	0.52%

The eight funds with the largest weight in DOV among the ETFs we cover, from each fund's latest SEC Form N-PORT (quarter-end positions, so they can be months old). All ETFs.