Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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.
DanaherFRA:DAP +0.68%75 Debt-to-Equity is 0.51 as of Jun. 2026, which is 24% above its 10-year median of 0.41. GuruFocus rates FRA:DAP with a GF Score™ of 75/100 and a GF Value™ of €207.17 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 182 Medical Diagnostics & Research companies, Danaher ranks worse than 64.84% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Danaher's Debt-to-Equity or its related term are showing as below:
FRA:DAP'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.3 Med: 0.41 Max: 0.84
Current: 0.51
During the past 13 years, the highest Debt-to-Equity Ratio of Danaher was 0.84. The lowest was 0.30. And the median was 0.41.
FRA:DAP's Debt-to-Equity is ranked worse than 64.84% of 182
companies
in the Medical Diagnostics & Research industry
Industry Median: 0.325
vs FRA:DAP: 0.51
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Danaher Debt-to-Equity Related Terms
Danaher Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Danaher's Debt-to-Equity 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.
FRA:DAP vs TMO, IDXX, A: Debt-to-Equity Comparison
For the Diagnostics & Research subindustry, Danaher's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity vs Medical Diagnostics & Research Industry
For the Medical Diagnostics & Research industry and Healthcare sector, Danaher's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Danaher's Debt-to-Equity falls into.
* 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 (FRA:DAP) has a Debt-to-Equity of 0.51 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Danaher and its competitors. This is 24% above median its historical median of 0.41. Over the past decade, Danaher's Debt-to-Equity has ranged from 0.30 to 0.84. According to the industry distribution chart, Danaher ranks #118 out of 182 companies in the Medical Diagnostics & Research industry, placing it in the top 64.8%.
Is Danaher's Debt-to-Equity too high?
Danaher's current Debt-to-Equity of 0.51 is 24% above median its 10-year median of 0.41. Over the past 10 years, this metric has ranged from a low of 0.30 to a high of 0.84. The Medical Diagnostics & Research industry median Debt-to-Equity is 0.33. Danaher's value of 0.51 is 56.9% above this industry median. Based on the distribution chart, Danaher ranks #118 out of 182 companies in the Medical Diagnostics & Research industry, which is below the industry midpoint. Overall, Danaher has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Danaher's Debt-to-Equity compare to TMO and IDXX?
According to the Medical Diagnostics & Research industry distribution chart, Danaher ranks #118 out of 182 companies for Debt-to-Equity. This places Danaher in the lower half of its industry. The industry median Debt-to-Equity is 0.33. Danaher's value of 0.51 is 56.9% above this benchmark. Historically, Danaher's own Debt-to-Equity has ranged from 0.30 to 0.84 over the past decade. While the company's 10-year median is 0.41 vs. the industry median of 0.33, Danaher 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 Debt-to-Equity for a Medical Diagnostics & Research company?
The median Debt-to-Equity among Medical Diagnostics & Research companies is 0.33, based on 182 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Danaher's current Debt-to-Equity of 0.51 is 56.9% 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 Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Danaher and its competitors. For the Medical Diagnostics & Research industry, the median Debt-to-Equity is 0.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Danaher's current Debt-to-Equity is 0.51, which is 24% above median its own 10-year median of 0.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Danaher stock overvalued right now?
Based on GuruFocus' analysis, Danaher (FRA:DAP) is currently considered Modestly Undervalued. The stock's GF Value™ is €207.17, compared to a current price of €169.55 — trading 18.2% below its estimated fair value. The current Debt-to-Equity is 0.51, which is 24% above median its 10-year median of 0.41 and 56.9% above the Medical Diagnostics & Research industry median of 0.33. Danaher's overall GF Score™ is 75/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Danaher (FRA:DAP), the current Debt-to-Equity is 0.51 as of Jun. 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 Danaher (FRA:DAP) Overvalued in 2026?
Based on GuruFocus' analysis, Danaher stock appears to be undervalued.
The current stock price of €169.55 is trading 18.2% below its estimated GF Value™ of €207.17.
GuruFocus considers Danaher to be Modestly Undervalued.
Key valuation signals for FRA:DAP:
Debt-to-Equity: 0.51 (24% above median its 10-year median of 0.41)
GF Value™: €207.17 vs. price of €169.55 (18.2% below fair value)
Industry Position: 56.9% above the Medical Diagnostics & Research median (#118 of 182)
No single metric tells the full story. See the FRA:DAP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
75GF Score
Get the complete analysis for FRA:DAP
Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:DAP has been successfully added to your 
