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Dover (DOV) Cyclically Adjusted PS Ratio : 3.14 (As of Apr. 30, 2024)


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What is Dover Cyclically Adjusted PS Ratio?

As of today (2024-04-30), Dover's current share price is $180.48. Dover's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $57.45. Dover's Cyclically Adjusted PS Ratio for today is 3.14.

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

DOV' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.05   Med: 1.96   Max: 3.64
Current: 3.13

During the past years, Dover's highest Cyclically Adjusted PS Ratio was 3.64. The lowest was 1.05. And the median was 1.96.

DOV's Cyclically Adjusted PS Ratio is ranked worse than
76.21% of 2156 companies
in the Industrial Products industry
Industry Median: 1.43 vs DOV: 3.13

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 Mar. 2024 was $14.971. 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 $57.45 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Dover Cyclically Adjusted PS Ratio Historical Data

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.

* Premium members only.

Dover Cyclically Adjusted PS Ratio Chart

Dover Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.56 2.73 3.61 2.47 2.68

Dover Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 2.71 2.61 2.44 2.68 3.08

Competitive Comparison of Dover's Cyclically Adjusted PS Ratio

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's Cyclically Adjusted PS Ratio Distribution in the 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.



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
=180.48/57.45
=3.14

* 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 Mar. 2024 is calculated as:

For example, Dover's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=14.971/129.4194*129.4194
=14.971

Current CPI (Mar. 2024) = 129.4194.

Dover Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 11.623 100.560 14.959
201409 11.937 100.428 15.383
201412 11.909 99.070 15.557
201503 10.504 99.621 13.646
201506 10.964 100.684 14.093
201509 11.418 100.392 14.719
201512 10.838 99.792 14.056
201603 10.388 100.470 13.381
201606 10.769 101.688 13.706
201609 10.891 101.861 13.838
201612 6.546 101.863 8.317
201703 11.521 102.862 14.496
201706 11.030 103.349 13.812
201709 11.093 104.136 13.786
201712 11.072 104.011 13.777
201803 10.425 105.290 12.814
201806 11.681 106.317 14.219
201809 11.692 106.507 14.207
201812 12.202 105.998 14.898
201903 11.740 107.251 14.167
201906 12.303 108.070 14.734
201909 12.413 108.329 14.830
201912 12.095 108.420 14.438
202003 11.359 108.902 13.499
202006 10.339 108.767 12.302
202009 12.033 109.815 14.181
202012 12.225 109.897 14.397
202103 12.888 111.754 14.925
202106 14.000 114.631 15.806
202109 13.877 115.734 15.518
202112 13.678 117.630 15.049
202203 14.119 121.301 15.064
202206 14.922 125.017 15.447
202209 15.066 125.227 15.570
202212 15.156 125.222 15.664
202303 14.785 127.348 15.026
202306 14.939 128.729 15.019
202309 15.313 129.860 15.261
202312 14.978 129.419 14.978
202403 14.971 129.419 14.971

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.


Dover  (NYSE:DOV) 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

Thank you for viewing the detailed overview of Dover's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Dover (DOV) Business Description

Traded in Other Exchanges
Address
3005 Highland Parkway, Downers Grove, IL, USA, 60515
Dover is a diversified industrial manufacturing company with products and services that include digital printing for fast-moving consuming goods, marking and coding for the food and beverage industry, loaders for the waste collection industry, pumps for the transport of fluids, including petroleum and natural gas, and commercial refrigerators used in groceries and convenience stores. Most of the business operates in the United States. After the spinoff of Apergy, the company operates through five segments: engineered systems, clean energy and fueling solutions, imaging and identification, pumps and process solutions, and climate and sustainability technologies equipment.
Executives
Brad M Cerepak officer: Senior Vice President and CFO C/O DOVER CORPORATION, 3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
Anthony K Kosinski officer: Vice President, Tax 3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
Marc A Howze director DEERE & COMPANY, ONE JOHN DEERE PLACE, MOLINE IL 61265
Danita K Ostling director 1665 UTICA AVENUE, ST. LOUIS PARK MN 55416
Michael Mark Manley director 1000 CHRYSLER DRIVE, CIMS 485-09-96, AUBURN HILLS MI 48326
David J. Malinas officer: SVP, Operations 36411 SOUTH PARK DRIVE, AVON OH 44011
Richard J Tobin director, officer: CEO and President 3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
Kristiane C Graham director C/O DOVER CORPORATION, 3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
Ivonne M Cabrera officer: SVP and General Counsel C/O DOVER CORPORATION, 3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
Kimberly Bors officer: SVP, Human Resources C/O DOVER CORPORATION, 3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
Ryan Paulson officer: VP, Controller 3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
James M Moran officer: Vice President, Treasurer C/O DOVER CORPORATION, 3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
Girish Juneja officer: SVP, Chief Digital Officer 3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
Deborah L Dehaas director 3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
Mary A Winston director 557 BROADWAY, C/O SCHOLASTIC CORP, NEW YORK NY 10012