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Danaher price to book ratio DHR

Market value divided by the book value of the company's net assets, since 2009.

Today, Oct 23, 2026
3.1×
10-year median
3.0×
Against its 10-year history
52nd
percentile: 0 is its lowest day, 100 its highest
10-year range
2.0× to 4.9×
Peer median
6.6×

Danaher's price to book ratio is 3.1× as of Oct 23, 2026.

That is above its ten-year median of 3.0×, close to the middle of its last ten years.

Over that time it ranged from 2.0× in Aug 2017 to 4.9× in Sep 2021.

The median for 10 diagnostics and research stocks of a similar size is 6.6×.

Price to book ratio 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 far3.1×2.2×3.3×
20253.2×2.5×3.5×
20243.3×3.2×4.0×
20233.3×2.6×3.8×
20223.6×3.3×4.3×
20214.8×3.4×4.9×
20203.7×2.5×4.1×
20193.0×2.3×3.0×
20182.3×2.2×2.5×
20172.3×2.0×2.3×
20162.1×1.7×2.1×
20151.9×1.6×1.9×
20141.7×1.4×1.7×
20131.7×1.4×1.7×
20121.4×1.3×1.5×
20111.3×1.1×1.7×
20101.6×1.3×1.6×
20091.4×1.2×1.5×

Against its peers

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

CompanyPrice to book ratio
DHRDanaher3.1×
TMOThermo Fisher Scientific4.5×
AAgilent Technologies6.6×
IQVIQVIA7.5×
WATWaters2.9×
IDXXIDEXX Laboratories27.4×
ILMNIllumina14.3×
MTDMettler-Toledo Internationaln/m
DGXQuest Diagnostics3.6×
LHLabcorp3.1×
MEDPMedpace43.1×
Peer median6.6×

What the price to book ratio tells you

Market value divided by the accounting value of the company's net assets. Below 1 means the market values the business at less than what it owns on paper.

Book value misses brands, software and people, so asset-light companies always look expensive on it. Most useful for banks and industrials.

More on Danaher

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