Dover (BSP:D1OV34) Cyclically Adjusted PS Ratio: 3.47 (As of Aug. 09, 2026) — 36% Above Median

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BSP:D1OV34 Dover Corp BSP:D1OV34
92 GF Score
Price R$535.00
GF Value R$515.69
! 2 Warning Signs
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What is Dover Cyclically Adjusted PS Ratio?

Dover BSP:D1OV34 92 Cyclically Adjusted PS Ratio is 3.47 as of Aug. 09, 2026, which is 36% above its 10-year median of 2.55. GuruFocus rates BSP:D1OV34 with a GF Score™ of 92/100 and a GF Value™ of R$515.69. The stock has 2 warning signs investors should review. Among 2,293 Industrial Products companies, Dover ranks worse than 72% on this metric.

As of today (2026-08-09), Dover's current share price is R$535.00. Dover's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was R$154.02. Dover's Cyclically Adjusted PS Ratio for today is 3.47.

The historical rank and industry rank for Dover's Cyclically Adjusted PS Ratio or its related term are showing as below:

BSP:D1OV34' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.27   Med: 2.55   Max: 3.95
Current: 3.45

During the past years, Dover's highest Cyclically Adjusted PS Ratio was 3.95. The lowest was 1.27. And the median was 2.55.

BSP:D1OV34's Cyclically Adjusted PS Ratio is ranked worse than
72% of 2293 companies
in the Industrial Products industry
Industry Median: 1.71 vs BSP:D1OV34: 3.45

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Dover's adjusted revenue per share data for the three months ended in Jun. 2026 was R$41.393. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is R$154.02 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Dover  (BSP:D1OV34) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Dover Cyclically Adjusted PS Ratio Related Terms


Dover Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Dover's Cyclically Adjusted PS Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Dover Cyclically Adjusted PS Ratio Chart

Dover Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.61 2.49 2.72 3.25 3.30

Dover Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial 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 3.11 2.82 3.30 3.46 3.67

BSP:D1OV34 vs OTIS, XYL, IR: Cyclically Adjusted PS Ratio Comparison

For the Specialty Industrial Machinery subindustry, Dover's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* 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. Note that "N/A" values will not show up in the chart.


Dover Cyclically Adjusted PS Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Dover's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Dover's Cyclically Adjusted PS Ratio falls into.


BSP:D1OV34
92GF Score
Dover Corp BSP:D1OV34
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dover Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Dover's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=535.00/154.02
=3.47

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Dover's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Dover's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=41.393/333.9520*333.9520
=41.393

Current CPI (Jun. 2026) = 333.9520.

Dover Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 17.716 241.428 24.505
201612 10.978 241.432 15.185
201703 18.016 243.801 24.678
201706 18.174 244.955 24.777
201709 17.375 246.819 23.509
201712 18.242 246.524 24.711
201803 17.092 249.554 22.872
201806 22.024 251.989 29.188
201809 24.019 252.439 31.775
201812 23.693 251.233 31.494
201903 22.545 254.202 29.618
201906 23.718 256.143 30.923
201909 25.568 256.759 33.255
201912 24.821 256.974 32.256
202003 27.751 258.115 35.905
202006 26.823 257.797 34.747
202009 32.489 260.280 41.685
202012 31.447 260.474 40.318
202103 36.311 264.877 45.780
202106 35.200 271.696 43.266
202109 36.628 274.310 44.592
202112 38.674 278.802 46.324
202203 35.131 287.504 40.807
202206 37.660 296.311 42.444
202209 39.500 296.808 44.443
202212 27.414 296.797 30.846
202303 38.505 301.836 42.602
202306 36.255 305.109 39.682
202309 34.392 307.789 37.315
202312 33.194 306.746 36.138
202403 33.533 312.332 35.854
202406 37.919 314.175 40.306
202409 39.735 315.301 42.085
202412 42.569 315.605 45.044
202503 38.858 319.799 40.578
202506 41.191 322.561 42.646
202509 40.366 324.800 41.503
202512 41.853 324.054 43.131
202603 39.514 330.213 39.961
202606 41.393 333.952 41.393

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PS Ratio of 3.47 mean?
Dover (BSP:D1OV34) has a Cyclically Adjusted PS Ratio of 3.47 as of Aug. 09, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Dover and its competitors. This is 36% above median its historical median of 2.55. Over the past decade, Dover's Cyclically Adjusted PS Ratio has ranged from 1.27 to 3.95. According to the industry distribution chart, Dover ranks #1651 out of 2293 companies in the Industrial Products industry, placing it in the top 72%.
Is Dover's Cyclically Adjusted PS Ratio too high?
Dover's current Cyclically Adjusted PS Ratio of 3.47 is 36% above median its 10-year median of 2.55. Over the past 10 years, this metric has ranged from a low of 1.27 to a high of 3.95. The Industrial Products industry median Cyclically Adjusted PS Ratio is 1.71. Dover's value of 3.47 is 102.9% above this industry median. Based on the distribution chart, Dover ranks #1651 out of 2293 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Dover has a GF Score™ of 92/100, reflecting its overall financial health beyond just this single metric.
How does Dover's Cyclically Adjusted PS Ratio compare to OTIS and XYL?
According to the Industrial Products industry distribution chart, Dover ranks #1651 out of 2293 companies for Cyclically Adjusted PS Ratio. This places Dover in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.71. Dover's value of 3.47 is 102.9% above this benchmark. Historically, Dover's own Cyclically Adjusted PS Ratio has ranged from 1.27 to 3.95 over the past decade. While the company's 10-year median is 2.55 vs. the industry median of 1.71, Dover has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for an Industrial Products company?
The median Cyclically Adjusted PS Ratio among Industrial Products companies is 1.71, based on 2,293 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Dover's current Cyclically Adjusted PS Ratio of 3.47 is 102.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Dover and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PS Ratio is 1.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dover's current Cyclically Adjusted PS Ratio is 3.47, which is 36% above median its own 10-year median of 2.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dover stock overvalued right now?
Dover (BSP:D1OV34) has a current Cyclically Adjusted PS Ratio of 3.47. The stock's GF Value™ is R$515.69, compared to a current price of R$535.00 — trading 3.7% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.47, which is 36% above median its 10-year median of 2.55 and 102.9% above the Industrial Products industry median of 1.71. Dover's overall GF Score™ is 92/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Dover (BSP:D1OV34), the current Cyclically Adjusted PS Ratio is 3.47 as of Aug. 09, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Dover (BSP:D1OV34) Overvalued in 2026?

Based on GuruFocus' analysis, Dover stock appears to be overvalued. The current stock price of R$535.00 is trading 3.7% above its estimated GF Value™ of R$515.69.

Key valuation signals for BSP:D1OV34:

  • Cyclically Adjusted PS Ratio: 3.47 (36% above median its 10-year median of 2.55)
  • GF Value™: R$515.69 vs. price of R$535.00 (3.7% above fair value)
  • GF Score™: 92/100 with 2 warning signs
  • Industry Position: 102.9% above the Industrial Products median (#1651 of 2293)

No single metric tells the full story. See the BSP:D1OV34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Dover Business Description

Address 3005 Highland Parkway, Downers Grove, IL, USA, 60515
Founded in 1955 by George Ohrstrom, Dover has become an industrial behemoth through the acquisition of dozens of esteemed brands. The company is organized into five segments through which it designs and manufactures highly engineered components, such as vehicle repair, factory automation, welding, aerospace, fuel dispensing, printing, liquid handling, refrigeration, and can-making equipment. It has operations around the globe but generates over half of its revenue in the United States.
92GF Score

Get the complete analysis for BSP:D1OV34

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$535.00
Price
R$515.69
GF Value