Danaher Corporation (DHR) fair value: what the stock is really worth
We calculate from audited financials what Danaher Corporation is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? Yes
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Danaher Corporation
DHR · USNeutralQuality growthThe stock looks roughly fairly valued with average quality.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 17, 2026.
How to read this chart
60‑month range $161.57 – $287.60 · fair‑value band $130.96 – $269.46 · the $215.84 price screens above the $207.76 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 17, 2026.
Company profile
Danaher Corporation designs, manufactures, and markets professional, medical, research, and industrial products and services in the United States, China, and internationally. The company operates through Biotechnology, Life Sciences, and Diagnostics segments.
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Danaher Corporation designs, manufactures, and markets professional, medical, research, and industrial products and services in the United States, China, and internationally. The company operates through Biotechnology, Life Sciences, and Diagnostics segments. The Biotechnology segment provides technologies, consumables, services, and solutions that advance, accelerate, and integrate the development and manufacture of therapeutics; cell line and cell culture media development services; cell culture media, process liquids and buffers for manufacturing, chromatography resins, filtration technologies, and aseptic fill finish; single-use hardware, consumables, and services, such as the design and installation of full manufacturing suites; lab filtration, separation, and purification; lab-scale protein purification and analytical tools; reagents, membranes, and services for diagnostic and assay development; and healthcare filtration solutions. The Life Sciences segment provides mass spectrometers; bioanalytical measurement systems; flow cytometry, genomics, lab automation, centrifugation, liquid handling automation instruments, antibodies and reagents, and particle counting and characterization; genome sample preparation; microscopes; protein consumables; filtration products; and genomic medicines, such as custom nucleic acid products, and plasmid DNA, RNA, and proteins under the ABCAM, ALDEVRON, BECKMAN COULTER, GENEDATA, IDT, LEICA MICROSYSTEMS, MOLECULAR DEVICES, PALL, PHENOMENEX, and SCIEX brands. The Diagnostics segment offers clinical instruments, consumables, software, and services that hospitals, physicians' offices, reference laboratories and other critical care settings use to diagnose disease and make treatment decisions. The company was formerly known as Diversified Mortgage Investors, Inc. and changed its name to Danaher Corporation in 1984. Danaher Corporation was incorporated in 1969 and is headquartered in Washington, the District Of Columbia.
Stock analysis
Danaher Corporation (DHR) currently trades at $215.84, while our model-based Fair Value estimate is $207.76, implying the stock looks roughly 3.9% fairly valued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $117.42 per share, and 0 of the 26 models we run sit above the $215.84 price.
Bear case: the Asset-Based group reads lowest at $49.73, and 26 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: $130.96 (bear) to $269.46 (bull), the price of $215.84 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 73/100 (solid quality), in the Healthcare sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Danaher Corporation reported revenue of $24.6B in FY2025 versus $29.5B in FY2021, a compound −4.4%/yr. Reported net income was $3.6B in FY2025, compounding −13.4%/yr from FY2021.
Key figures
Market cap $153B · P/E ratio 41.8 · P/S ratio 6.15 · EPS (TTM) $5.16 · Dividend yield 0.6% · Net margin 14.7% · Return on equity 7.1% · Return on assets (EBIT) 7.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 68 out of 100 (medium confidence).
What moves the price
The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat.
The share trades about 11% below its 52-week high and 34% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Healthcare peers we cover trades at −4% fair-value upside, at −4%, DHR screens cheaper than that median.
Fair Value models
All 26 models by family
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Set up alert →Quality Score breakdown
Of which business quality 70 · Market factors (momentum, volatility) 62
Revenue & earnings trend
Growth Forecast
Watch DHR, get fair value alerts →
Recent news
- Cardinal Health (NYSE:CAH) Vs Danaher Corporation (NYSE:DHR) – Here’s The One Jim Cramer Said Did Better
- Danaher (DHR) Could Be 8% Below Fair Value Following Its Dividend Reaffirmation
- Danaher Announces Quarterly Dividend
- ELV or DHR: Which Is the Better Value Stock Right Now?
Compare Danaher Corporation with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Diagnostics & Research · 142 stocks
Valuation Multiplesvs Diagnostics & Research median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Health Care sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Diagnostics & Research stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Thermo Fisher Scientific Inc TMO | $641.39 | $616.38 | −4% |
| WuXi AppTec Co 2359 | HK$198.00 | HK$223.81 | +13% |
| Lonza Group LONN | CHF 538.40 | CHF 151.69 | −72% |
| IDEXX Laboratories, Inc IDXX | $513.62 | $511.54 | +0% |
| Agilent Technologies, Inc A | $153.69 | $61.53 | −60% |
| Waters Corporation WAT | $418.64 | $103.09 | −75% |
| IQVIA Holdings IQV | $269.67 | $264.34 | −2% |
| Illumina, Inc ILMN | $228.93 | $251.82 | +10% |
| Mettler-Toledo International Inc MTD | $1,379 | $615.78 | −55% |
| Quest Diagnostics Incorporated DGX | $247.08 | $162.50 | −34% |
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Key figures of Danaher Corporation
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