DHR

NYSE

DANAHER CORP /DE/

Health Care, Life Sciences Tools & Services

$204.76

close 7 Aug 2026

+2.50%

52-week change

$143.93B

market cap

$160.93

$242.80

52-week range

Expected price

$186.81 – $228.32

Current price

$204.76

Signal

Appears fairly valued

A historical-multiple reference, never a fair-value claim. The band uses only data public at each date and ends at the latest month — no forward estimates.

Current multiples

P/E (TTM)36.30x

P/S (TTM)5.73x

P/B2.74x

EV/EBITDA (TTM)28.90x

FCF yield (TTM)3.80%

PEG (TTM, GAAP)—

Context

P/E, own 5-year average36.55x

P/E, sector median29.65x*

Price at 5-year median P/E$210.81*

Indicated dividend yield0.78%

Forward — analyst consensus

Forward P/E (FY2026)24.06x*

Forward P/E (FY2027)22.02x

Forward PEG2.59*

Consensus EPS FY2026 (24 analysts)$8.51

EPS growth (FY2026→FY2027)9.28%

Revenue growth (FY2026)7.22%

Street view

Price target (mean)$227.96*

Target upside11.33%

Ratings (buy / hold / sell)22 / 4 / 0

FY2026 EPS revisions, 30d (up / down)2 / 2

5-year history

Dashed line: average of month-end values

P/E (TTM)

P/S (TTM)

P/B

FCF yield (TTM)

Dividend yield

period to 26 Jun 2026, filed 21 Jul 2026, close 7 Aug 2026

Discounted cash flow

Ten projected years plus a perpetuity, prefilled from filings — a model to argue with, never a fair-value claim.

Free cash flow, last ten years and TTM

5Y CAGR -0.59%10Y CAGR +4.81%

Assumptions

Growth rate, years 1–10%

Perpetual growth%Discount rate%

Base FCF$M

As filed — not assumptions

Current price$204.76

Cash & equivalents—

Total debt$26.56B

Shares outstanding702.90M

Result

DCF price per share—

Current price$204.76

Margin of safety—

PV of years 1–10$35.64B

PV of terminal value$44.47B

Equity value—

Market-implied growth—

Projected FCF, years 1–10

Hover for PV and growth

Projection detail

Override growth for any year; blank years use the uniform rate

Year	2026	2027	2028	2029	2030	2031	2032	2033	2034	2035	Terminal
Growth, %											2.5
FCF	$5.43B	$5.40B	$5.37B	$5.34B	$5.31B	$5.28B	$5.24B	$5.21B	$5.18B	$5.15B	$96.01B
PV	$5.03B	$4.63B	$4.26B	$3.92B	$3.61B	$3.32B	$3.06B	$2.82B	$2.59B	$2.39B	$44.47B

period to 26 Jun 2026, filed 21 Jul 2026, close 7 Aug 2026