Danaher (WBO:DHRC) Cyclically Adjusted PS Ratio: (As of Jul. 23, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

WBO:DHRC Danaher Corp WBO:DHRC
69 GF Score
Price €155.35
GF Value €207.51
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Danaher Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Danaher  (WBO:DHRC) 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.


Danaher Cyclically Adjusted PS Ratio Related Terms


Danaher Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Danaher'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.

Danaher Cyclically Adjusted PS Ratio Chart

Danaher 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 10.16 7.62 7.28 6.86 6.64

Danaher 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 5.81 5.76 6.64 5.39 0.00

WBO:DHRC vs TMO, IDXX, A: Cyclically Adjusted PS Ratio Comparison

For the Diagnostics & Research subindustry, Danaher'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.


Danaher Cyclically Adjusted PS Ratio vs Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Danaher's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


WBO:DHRC
69GF Score
Danaher Corp WBO:DHRC
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Danaher 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.

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

For example, Danaher'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)
=7.685/333.9520*333.9520
=7.685

Current CPI (Jun. 2026) = 333.9520.

Danaher Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 5.250 241.428 7.262
201612 6.192 241.432 8.565
201703 5.572 243.801 7.632
201706 5.690 244.955 7.757
201709 5.384 246.819 7.285
201712 2.715 246.524 3.678
201803 5.367 249.554 7.182
201806 6.009 251.989 7.964
201809 5.853 252.439 7.743
201812 3.114 251.233 4.139
201903 5.198 254.202 6.829
201906 5.404 256.143 7.046
201909 5.451 256.759 7.090
201912 6.032 256.974 7.839
202003 5.552 258.115 7.183
202006 6.549 257.797 8.484
202009 6.897 260.280 8.849
202012 7.671 260.474 9.835
202103 7.837 264.877 9.881
202106 8.140 271.696 10.005
202109 8.452 274.310 10.290
202112 4.194 278.802 5.024
202203 9.463 287.504 10.992
202206 9.963 296.311 11.229
202209 10.496 296.808 11.810
202212 4.533 296.797 5.100
202303 7.537 301.836 8.339
202306 7.327 305.109 8.020
202309 7.065 307.789 7.666
202312 7.872 306.746 8.570
202403 7.123 312.332 7.616
202406 7.186 314.175 7.638
202409 7.162 315.301 7.586
202412 8.571 315.605 9.069
202503 7.367 319.799 7.693
202506 7.157 322.561 7.410
202509 7.226 324.800 7.430
202512 8.217 324.054 8.468
202603 7.238 330.213 7.320
202606 7.685 333.952 7.685

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.

Is Danaher (WBO:DHRC) Overvalued in 2026?

Based on GuruFocus' analysis, Danaher stock appears to be undervalued. The current stock price of €155.35 is trading 25.1% below its estimated GF Value™ of €207.51. GuruFocus considers Danaher to be Modestly Undervalued.

Key valuation signals for WBO:DHRC:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €207.51 vs. price of €155.35 (25.1% below fair value)
  • GF Score™: 69/100 with 4 warning signs

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


Danaher Business Description

Address 2200 Pennsylvania Avenue, NW, Suite 800W, Washington, DC, USA, 20037-1701
In 1984, Danaher's founders transformed a real estate organization into an industrial-focused manufacturing company. Then, through a series of mergers, acquisitions, and divestitures, Danaher now focuses primarily on manufacturing scientific instruments and consumables in the life sciences and diagnostic industries after the late 2023 divestiture of its environmental and applied solutions group, Veralto.
69GF Score

Get the complete analysis for WBO:DHRC

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

€155.35
Price
€207.51
GF Value