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Dover Corporation (DOV) Fair Value & Analysis

Industrials · US · Market cap $28.8B

DC Dover Corporation logo Dover Corporation DOV · US
Price$210.84
Fair Value$132.05
Upside-37.4%
Quality60/100
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Healthy Growth
Solidly profitable · 13.3% net margin
Low debt · generates free cash flow
0.95% dividend yield
Mixed vs. peers (8/15)
Moderate moat 61/100
Evidence: High Range $87.06 – $183.09 Share as image

Fair value as of: Jul 18, 2026

From 25 valuation models · updated 20 days ago

Fair value updated Jul 18, 2026, revised from $131.76 to $132.05 (+0.2%) since Jul 15, 2026. Share price −1.5% over the past month.

A solid business, but screening 37% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case ($183.09). The favourable scenario is already priced in.
  • Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range ($87.06 to $183.09) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

$232.21 $111.45 Fair Value $132.05 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range $111.45 – $232.21 · fair‑value band $87.06 – $183.09 · the $210.84 price screens above the $132.05 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

Dover Corporation (DOV) currently trades at $210.84, while our model-based Fair Value estimate is $132.05, implying the stock looks roughly 37.4% overvalued today. We read business quality at 60/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Dover Corporation generated revenue of $8.3B at a net margin of 13.3%. Revenue grew 10.1% year over year. It earns a return on equity of 15.0%. Net debt stands at $2.1B. Fundamentals as of Jul 18, 2026

Our scenario range runs from $87.06 (bear case) to $183.09 (bull case); at $210.84, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. 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 Industrials peers we cover trades at -48% fair-value upside, at -37%, DOV screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF $83.63 $119.35 $167.92 80
Residual Income $54.68 $71.52 $192.72 76
Rev-Margin DCF $80.29 $126.49 $175.67 74
All 25 models by family
DCF Models
FCF DCF $80.97 $119.21 $173.43 38
Owner Earnings $91.63 $134.52 $195.31 31
5Y Revenue Exit $80.29 $125.56 $181.11 39
5Y EBITDA Exit $95.56 $152.60 $216.04 41
5Y P/E Exit $92.75 $147.62 $201.99 38
10Y Revenue Exit $77.09 $117.48 $167.06 36
10Y EBITDA Exit $89.27 $135.72 $192.41 37
10Y P/E Exit $87.51 $132.36 $182.21 35
Earnings-Based
Graham-Dodd $55.24 $125.98 $161.46 54
PEG = 1.0 $20.93 $29.90 $38.86 46
EPV $70.54 $83.46 $94.77 59
Dividend Discount
Gordon GGM $19.30 $31.95 $46.70 70
DDM Multi-Stage $19.30 $28.30 $38.32 61
Multiples
P/E Multiple $121.86 $162.48 $203.09 63
P/S Multiple $103.58 $138.10 $172.63 58
P/B Multiple $103.58 $138.10 $172.63 55
EV/EBIT $130.67 $176.56 $222.46 53
EV/EBITDA $119.91 $162.21 $204.52 54
EV/Revenue $85.79 $125.57 $165.34 43
Asset-Based
NCAV (Graham) $27.50 $36.84 $54.99 50
Growth DCF
Growth DCF $83.63 $119.35 $167.92 80
Rev-Margin DCF $80.29 $126.49 $175.67 74
Economic Profit
Residual Income $54.68 $71.52 $192.72 76
ROIC Compounder $72.54 $90.64 $110.99 72
Growth Earnings
Growth-Adj P/E $91.75 $131.07 $170.39 68

Widest divergence: Multiples ($138.10) versus Dividend Discount ($28.30). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) $8.3B
Revenue growth (YoY) +10.1%
Net margin 13.3%
Return on equity 15.0%
Free cash flow $1.1B FY2025
P/E ratio 27.2
More key figures
Operating margin 16.4%
EPS (TTM) $7.88
Dividend yield 1.0%
EPS growth (YoY) +5.3%
Net debt $2.1B FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 60/100

Of which business quality 61 · Market factors (momentum, volatility) 56

Profitability 51
Margins and returns on capital today
Quality Growth 28
Are margins and returns improving?
Cashflow 63
Earnings quality: real cash, not paper profit
Fin. Strength 74
Balance sheet, leverage, solvency risk
Investment 53
Disciplined investing over empire-building
Low Volatility 62
Calm price path (market factor)
Momentum 48
Price trend over the last 3–12 months (market factor)
52W Momentum 63
Distance to the 52-week high (market factor)
Net Issuance 91
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Dover Corporation provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide.

Full company description

Dover Corporation provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide. The company's Engineered Products segment provides various equipment, component, software, solution, and services that are used in vehicle aftermarket, aerospace and defense, industrial winch and hoist, and fluid dispensing end-market. This segment offers software solutions and services used in light and heavy-duty vehicle lifts, wheel service equipment, vehicle diagnostics, and vehicle collision repair solutions; winches, hoists, bearings, drives, and electric monitoring system; and radio frequency and microwave filters and switches, and signal intelligence solutions, as well as soldering and fluid dispensing solutions. Its Clean Energy & Fueling segment offers component, equipment, and software and service solution enabling safe storage and transport of fuel, cryogenic gases, and hazardous fluids, as well as operation of retail fueling and vehicle wash establishment. The company's Imaging & Identification segment provides precision marking and coding, product traceability equipment, brand protection, and digital textile printing equipment and solution, as well as consumable, software, and service to packaged and consumer goods, pharmaceutical, industrial manufacturing, textile, and other end-market. Its Pumps & Process Solutions segment manufactures specialty pump, connector, flow meter, fluid connecting solution, plastics and polymer processing equipment, and engineered components for rotating and reciprocating machines. The company's Climate & Sustainability Technologies segment manufactures refrigeration system, refrigeration display case, commercial glass refrigerator and freezer door, and brazed plate heat exchanger for industrial heating and cooling, and residential climate control applications. Dover Corporation was incorporated in 1947 and is headquartered in Downers Grove, Illinois.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Dover Corporation reported revenue of $8.1B in FY2025 versus $7.9B in FY2021, a compound +0.6%/yr. Reported net income was $1.1B in FY2025, compounding −0.7%/yr from FY2021.

Growth Quality 76/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
$8.1B
Latest YoY
+4.5%
Avg. growth/yr (3Y)
+1.0%
Avg. growth/yr (5Y)
+3.9%
Avg. growth/yr (40Y)
+4.4%
Revenue +0.6%/yr
FY21 $7.9B
FY22 $7.8B
FY23 $8.4B
FY24 $7.7B
FY25 $8.1B
Net income −0.7%/yr
FY21 $1.1B
FY22 $1.1B
FY23 $1.1B
FY24 $2.7B
FY25 $1.1B

DOV screens 37% overvalued. Compare with GE Vernova Inc →

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Cite: Fair Value Calculator (2026). "Dover Corporation Fair Value". https://www.fairvalue-calculator.com/stock/DOV

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Specialty Industrial Machinery · 807 stocks

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.

Quality Score 60 · Top 25%
Fair Value upside −37% · Above median
Return on equity (TTM) 15% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 13% · Top 25%
Operating margin (TTM) 16% · Top 25%
Revenue growth 10% · Above median
Dividend yield (TTM) 1.0% · Below median
Debt / equity 0.35× · Higher than 75% of peers

Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper

P/E (TTM) 27.2× · Cheaper than median
P/B 3.89× · Pricier than median
P/S (TTM) 3.48× · Pricier than median
P/FCF 25.8× · Pricier than 75% of peers
EV/EBITDA 16.0× · Pricier than median
PEG 1.81× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 0
FUTURE 51 · sector 23
PAST 60 · sector 28
HEALTH 82 · sector 96
DIVIDEND 19 · sector 24

VALUE 0: the price sits above our fair-value range.

Insider activity: 42/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
GE Vernova Inc 1GEV €967.60 €212.97 -78%
1SIE 1SIE €284.30 €122.46 -57%
SMNS SMNS C$31.76 C$22.68 -29%
Eaton Corporation ETN $407.28 $171.92 -58%
Atlas Copco AB ATCOA kr 195.15 kr 112.59 -42%
Sandvik AB SAND kr 384.10 kr 193.01 -50%
Doosan Enerbility Co 034020 76,400 KRW 7,938 KRW -90%
Zhejiang Sanhua Intelligent Controls Co 002050 ¥43.20 ¥22.68 -48%
Vestas Wind Systems A/S VWS kr 178.10 kr 124.54 -30%
NARI Technology Co 600406 ¥22.19 ¥18.71 -16%

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Frequently asked questions

Is Dover Corporation (DOV) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of $132.05 versus a price of $210.84, about −37% (overvalued).
What is the fair value of DOV?
Our model-based fair value for Dover Corporation is $132.05 (as of Jul 18, 2026), built from audited fundamentals. The current price is $210.84.
What is the quality score of DOV?
Dover Corporation has a Quality Score of 60/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of Dover Corporation (DOV)?
Dover Corporation reported trailing-twelve-month revenue of about $8.3B (latest available figure, as of Jul 18, 2026).
What is the net profit margin of DOV?
The net profit margin of Dover Corporation is about 13.3%, meaning it keeps roughly 13.3% of revenue as net income. Based on the latest reported figures.
Does Dover Corporation pay a dividend?
Dover Corporation currently shows a dividend yield of about 0.97% relative to its recent price (as of Jul 18, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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