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Danaher forward PE DHR

Share price divided by analysts' consensus earnings for the next twelve months, since 1996.

Today, Oct 23, 2026
25.4×
10-year median
25.6×
Against its 10-year history
45th
percentile: 0 is its lowest day, 100 its highest
10-year range
17.9× to 39.6×
Peer median
27.8×

Danaher's forward PE is 25.4× as of Oct 23, 2026.

That is below its ten-year median of 25.6×, close to the middle of its last ten years.

Over that time it ranged from 17.9× in Aug 2017 to 39.6× in Aug 2024.

The median for 10 diagnostics and research stocks of a similar size is 27.8×.

Forward PE over time

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

YearEnd of yearLowHigh
2026 so far25.4×19.0×30.3×
202529.3×24.1×34.4×
202432.3×32.0×39.6×
202334.2×24.8×34.2×
202226.6×22.5×29.1×
202129.7×22.4×30.3×
202025.1×20.5×30.6×
201928.7×19.4×28.8×
201819.7×18.8×22.4×
201720.0×17.9×20.4×
201618.7×11.8×20.2×
201513.1×12.0×14.3×
201414.5×12.5×14.9×
201314.7×11.7×14.7×
201211.3×10.3×11.9×
201110.3×9.4×13.3×
201012.4×10.0×12.9×
200912.6×9.7×12.8×
200810.8×9.9×15.4×
200714.5×12.5×14.5×

Against its peers

Companies in Medical - Diagnostics & Research nearest Danaher's size, closest first, today.

CompanyForward PE
DHRDanaher25.4×
TMOThermo Fisher Scientific25.0×
AAgilent Technologies26.4×
IQVIQVIA20.5×
WATWaters29.2×
IDXXIDEXX Laboratories35.9×
ILMNIllumina47.2×
MTDMettler-Toledo International33.9×
DGXQuest Diagnosticsn/m
LHLabcorp17.4×
MEDPMedpacen/m
Peer median27.8×

Where Danaher ranks

What the forward PE tells you

Price divided by what analysts expect the company to earn over the next twelve months. It answers "what am I paying for next year" instead of last year.

Estimates are opinions. When forward PE is far below trailing PE, analysts expect a big jump in earnings. If that jump slips, the stock was not as cheap as it looked.

More on Danaher

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.