P/E ratio for Danaher (DHR)
P/E ratio as of May 2024 (TTM): 32.3
According to Danaher's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 32.3267. At the end of 2022 the company had a P/E ratio of 24.0.
P/E ratio history for Danaher from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 24.0 | -27.73% |
| 2021 | 33.3 | -16.07% |
| 2020 | 39.6 | 19.4% |
| 2019 | 33.2 | 37.22% |
| 2018 | 24.2 | 5.22% |
| 2017 | 23.0 | 23.24% |
| 2016 | 18.7 | 44.3% |
| 2015 | 12.9 | -16.99% |
| 2014 | 15.6 | 16.42% |
| 2013 | 13.4 | 22.8% |
| 2012 | 10.9 | 10.57% |
| 2011 | 9.85 | -14.88% |
| 2010 | 11.6 | -18.04% |
| 2009 | 14.1 | 53.25% |
| 2008 | 9.21 | -31.11% |
| 2007 | 13.4 | -0.03% |
| 2006 | 13.4 | 3.82% |
| 2005 | 12.9 | -19.53% |
| 2004 | 16.0 | -9.13% |
| 2003 | 17.6 | -24.59% |
| 2002 | 23.4 | 19.31% |
| 2001 | 19.6 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Thermo Fisher Scientific TMO | 38.8 | 19.95% | 🇺🇸 USA |
 Agilent Technologies A | 39.5 | 22.19% | 🇺🇸 USA |
 Ametek AME | 30.3 | -6.23% | 🇺🇸 USA |
 Emerson EMR | 4.97 | -84.63% | 🇺🇸 USA |
 General Electric GE | 18.7 | -42.11% | 🇺🇸 USA |
 Honeywell HON | 25.0 | -22.77% | 🇺🇸 USA |
 3M MMM | -7.50 | -123.21% | 🇺🇸 USA |
 Align Technology
ALGN | 58.8 | 81.86% | 🇺🇸 USA |
 ABB ABBN.SW | 24.5 | -24.15% | 🇨🇭 Switzerland |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.