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Danaher DHR Price / book

Price / book at other companies

Becton, Dickinson and Company logo
Becton, Dickinson and CompanyBDX
1.9×-0.8×
GLW
CorningGLW
9.9×+6.2×
Dover logo
DoverDOV
3.8×+0.4×
Thermo Fisher Scientific logo
Thermo Fisher ScientificTMO
3.5×-0.3×
IDEX logo
IDEXIEX
3.5×0.0×
WAT
Waters CorporationWAT
1.9×-9.3×

Other financials

Income statement

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Revenue$6.0B+3.7%
Gross profit$3.6B+2.3%
Operating income$1.3B+5.5%
Net income$1.0B+7.9%
EPS (diluted)$1.45+9.9%

Balance sheet

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Cash & equivalents$5.7B+186%
Total debt$19.7B+12.0%
Total equity$52.9B+4.1%
Total assets$83.5B+5.6%

Cash flow

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Operating cash flow$1.3B+1.8%
CapEx$237.0M-3.3%
Free cash flow$1.1B+2.9%

Valuation

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Market cap$125.81B-8.5%
Enterprise value$139.8B-8.7%
P/E34.1×-2.4×
P/S5.1×-0.7×

Profitability

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Gross margin58.9%-0.8pp
Operating margin19.2%-1.0pp
Net margin14.9%-0.9pp

Returns & leverage

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Return on equity7.1%-0.1pp
Debt / equity0.4×0.0×
Current ratio1.9×+0.4×

Where this comes from

Calculated from Danaher’s reported figures.

Based on the most recent quarter.

The official record: Danaher’s 10-Q, filed April 21, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Danaher's price / book?
Danaher (DHR) reported price / book of 2.5× in Q1 2026.
How has Danaher's price / book changed year-over-year?
Danaher's price / book decreased by 12.1% year-over-year, from 2.9× to 2.5×.
What is the long-term trend for Danaher's price / book?
Over 4 years (2021 to 2025), Danaher's price / book has grown at a -11.5% compound annual growth rate (CAGR), from 18.7× to 11.4×.
What does price / book mean?
How the market price compares to the company's accounting net worth.
How do you interpret price / book?
Below 1.0 can flag a market discount to book value (common for distressed or asset-heavy firms); high values reflect intangible value the balance sheet doesn't capture. Most informative for financials and asset-heavy businesses.
How does price / book compare across companies?
A core valuation gauge for banks and insurers; weak for asset-light firms where book value understates economic value.