DHR EV/EBITDA: current value, 10-year range and year-by-year history
Cash & Leverage
DHR's ev/ebitda is higher than 65% of the last 10 years.
EV/EBITDA History
DHR EV/EBITDA by year
Yearly range of DHR’s ev/ebitda from 2016 to 2026. Over the full period it ranged from 12.8 to 31.3, averaging 21.2.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 19.3 | 22.7 | 26.8 | 23.7 |
| 2025 | 19.8 | 23.6 | 27.5 | 25.4 |
| 2024 | 23.7 | 27.4 | 31.3 | 25.3 |
| 2023 | 16.5 | 18.9 | 22.3 | 22.1 |
| 2022 | 16.2 | 19.0 | 22.7 | 17.6 |
| 2021 | 19.8 | 23.5 | 26.6 | 23.6 |
| 2020 | 17.9 | 26.6 | 30.8 | 24.3 |
| 2019 | 15.6 | 20.7 | 23.7 | 22.5 |
| 2018 | 14.5 | 16.1 | 17.3 | 16.3 |
| 2017 | 15.1 | 16.4 | 18.0 | 16.9 |
| 2016 | 12.8 | 13.4 | 14.4 | 13.1 |
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An acquisition-style valuation multiple: Enterprise Value (market cap + net debt) divided by operating earnings before accounting adjustments. Compares companies fairly regardless of their capital structure.
(Market Cap + Net Debt) / EBITDAUnlike P/E, this metric accounts for debt — two companies with identical operations but different leverage will show similar EV/EBITDA. Low vs history suggests the total business is modestly priced.
- EBITDA ignores capital expenditure. For asset-heavy businesses (airlines, mining, utilities), this understates the real cost — use EV/EBIT or EV/FCF instead.
- Large acquisitions temporarily spike net debt and can distort the ratio for 1–2 years during integration.
Is DHR EV/EBITDA High or Low Right Now?
Danaher Corporation's EV/EBITDA is currently 23.7, which is above average relative to its 10-year historical range. The 10-year median EV/EBITDA for DHR is approximately 21.1. See all DHR valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.