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Dover Corp  (NYSE:DOV) Shiller PE Ratio: 20.84 (As of Today)

As of today, Dover Corp's current share price is $97.95. Dover Corp's E10 for the quarter that ended in Mar. 2019 was $4.70. Dover Corp's Shiller P/E Ratio for today is 20.84.

NYSE:DOV' s Shiller PE Ratio Range Over the Past 10 Years
Min: 6.79   Max: 21.14
Current: 20.87

6.79
21.14

During the past years, Dover Corp's highest Shiller P/E Ratio was 21.14. The lowest was 6.79. And the median was 14.63.

NYSE:DOV's Shiller PE Ratio is ranked higher than
54% of the 732 Companies
in the Global industry.

( Industry Median: 21.39 vs. NYSE:DOV: 20.87 )

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Dover Corp's adjusted earnings per share data for the three months ended in Mar. 2019 was $0.720. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $4.70 for the trailing ten years ended in Mar. 2019.


Dover Corp  (NYSE:DOV) Shiller PE Ratio Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Dover Corp Annual Data

Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Shiller PE Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 14.64 11.69 14.03 18.01 15.53

Dover Corp Quarterly Data

Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19
Shiller PE Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 17.20 15.89 19.26 15.53 19.96

Competitive Comparison
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap.


Dover Corp  (NYSE:DOV) Shiller PE Ratio Distribution

* The bar in red indicates where Dover Corp's Shiller PE Ratio falls into.



Dover Corp  (NYSE:DOV) Shiller PE Ratio Calculation

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Dover Corp's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/ E10
=97.95/4.70
=20.84

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Dover Corp's E10 for the fiscal year that ended in Dec18 is calculated as:

For example, Dover Corp's adjusted earnings per share data for the three months ended in Mar. 2019 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Mar. 2019 (Change)*Current CPI (Mar. 2019)
=0.72/254.202*254.202
=0.720

Current CPI (Mar. 2019) = 254.202.

Dover Corp Quarterly Data

per_share_eps CPI Adj_EPS
200906 0.520 215.693 0.613
200909 0.570 215.969 0.671
200912 0.530 215.949 0.624
201003 0.580 217.631 0.677
201006 0.900 217.965 1.050
201009 1.190 218.439 1.385
201012 1.040 219.179 1.206
201103 1.030 223.467 1.172
201106 1.320 225.722 1.487
201109 0.910 226.889 1.020
201112 1.480 225.672 1.667
201203 1.050 229.392 1.164
201206 1.150 229.478 1.274
201209 1.310 231.407 1.439
201212 0.890 229.601 0.985
201303 1.200 232.773 1.310
201306 1.910 233.504 2.079
201309 1.560 234.149 1.694
201312 1.130 233.049 1.233
201403 0.930 236.293 1.000
201406 1.270 238.343 1.355
201409 1.380 238.031 1.474
201412 1.020 234.812 1.104
201503 1.280 236.119 1.378
201506 2.070 238.638 2.205
201509 1.190 237.945 1.271
201512 0.910 236.525 0.978
201603 0.640 238.132 0.683
201606 0.760 241.018 0.802
201609 0.830 241.428 0.874
201612 1.030 241.432 1.084
201703 1.090 243.801 1.137
201706 1.040 244.955 1.079
201709 1.140 246.819 1.174
201712 1.880 246.524 1.939
201803 0.840 249.554 0.856
201806 0.910 251.989 0.918
201809 1.050 252.439 1.057
201812 0.960 251.233 0.971
201903 0.720 254.202 0.720

Add all the adjusted EPS together and divide 10 will get our .


  (:) Explanation

Compared with the regular P/E ratio, which works poorly for cyclical businesses, the Shiller P/E smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller P/E should give similar results to regular P/E.

Compared with the P/S ratio, the Shiller P/E makes the comparison between different industries more meaningful.


Be Aware

The Shiller P/E assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, the Shiller P/E and P/S ratio will give false valuations.


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