DHR P/E ratio: current value, 10-year range and year-by-year history
Cash & Leverage
DHR's p/e ratio is higher than 65% of the last 10 years.
P/E ratio History
DHR P/E ratio by year
Yearly range of DHR’s p/e ratio from 2016 to 2026. Over the full period it ranged from 13.5 to 53.1, averaging 32.4.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 31.3 | 37.8 | 48.0 | 36.9 |
| 2025 | 33.9 | 41.7 | 47.9 | 45.4 |
| 2024 | 35.1 | 43.8 | 53.1 | 43.5 |
| 2023 | 21.6 | 25.0 | 29.5 | 29.3 |
| 2022 | 23.7 | 27.6 | 32.5 | 26.1 |
| 2021 | 31.6 | 36.9 | 44.8 | 33.8 |
| 2020 | 26.6 | 36.2 | 44.0 | 40.4 |
| 2019 | 23.2 | 34.2 | 40.3 | 33.6 |
| 2018 | 21.6 | 24.2 | 26.1 | 24.5 |
| 2017 | 19.1 | 22.7 | 25.0 | 24.3 |
| 2016 | 13.5 | 18.2 | 20.0 | 19.3 |
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How much the market pays for each dollar of annual profit. P/E = Stock Price / EPS. The raw number means little — what matters is whether it's high or low relative to the company's own history.
Price / Earnings Per ShareThe chart shows five color-coded historical zones: green (below 10th percentile) means historically very cheap, fading through lime and gray (the normal 25th–75th range) to orange and red (historically expensive). When the line sits in a green or lime zone, the stock is trading at an unusually low P/E relative to its own history.
- Cyclical businesses look cheapest on P/E at peak earnings — the "earnings trap." Use EV/EBITDA or normalised earnings for energy, materials, and financials.
- A falling P/E trend may signal a business in structural decline, not a buying opportunity.
Is DHR P/E ratio High or Low Right Now?
Danaher Corporation's P/E ratio is currently 36.9, which is above average relative to its 10-year historical range. The 10-year median P/E ratio for DHR is approximately 32.5. See all DHR valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.