---
title: Dover (DOV) — intrinsic value and fair price
canonical: https://sweetvaluelab.com/stocks/dov
ticker: DOV
as_of: 2026-10-17
sector: Industrials
industry: Industrial - Machinery
---
# Dover (DOV)

Dover (DOV) closed at $195.80 on Oct 16, 2026, overvalued by 47% vs its model value of $133.19 (from a five-year discounted cash flow).

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $195.80 (Oct 16, 2026) |
| Model value (from a five-year discounted cash flow) | $133.19 |
| Price vs model | overvalued by 47% vs model |
| Range of that model | $86.65 – $276.88 |
| Market value | $26.4B |
| P/E (fiscal 2025) | 24.7 |
| Net margin (fiscal 2025) | 13.5% |
| Free cash flow (fiscal 2025) | $1.1B |
| Dividend yield (trailing twelve months) | 1.06% |
| Beta | 1.13 |
| Cost of capital (WACC) | 8.85% |
| Business classification | Mature & Stable (Revenue declining (~-2% recent), Moderate margins (14% net margin), Pays dividends, Highly cyclical earnings) |

## On the stock lists

| List | Place | Figure | Page |
| --- | ---: | ---: | --- |
| Dividend growth streaks | #8 | 43+ years | https://sweetvaluelab.com/lists/dividend-growth-streaks |

## Dividends

| Figure | Value |
| --- | ---: |
| Trailing dividend yield | 1.06% |
| Dividends per share, last 12 months | $2.09 |
| Dividends / free cash flow (fiscal 2025) | 25.3% |
| Raised | 43+ years in a row |
| Growth over 5 years | 1.0% a year |
| Latest payment | $0.525, ex-date Aug 31, 2026, paid Sep 15, 2026 |

| Year of payments | Dividends per share |
| --- | ---: |
| To Aug 30, 2021 | $1.99 |
| To Aug 30, 2022 | $2.01 |
| To Aug 30, 2023 | $2.03 |
| To Aug 30, 2024 | $2.05 |
| To Aug 29, 2025 | $2.07 |
| Trailing twelve months (to Aug 31, 2026) | $2.09 |

## Valuation models

Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026.

| Model | Role | Value per share | Low | High |
| --- | --- | ---: | ---: | ---: |
| DCF · Perpetuity growth · 5y | primary | $133.19 | $86.65 | $276.88 |
| DCF · Perpetuity growth · 10y | cross check | $138.52 | $93.11 | $276.04 |
| DCF · EBITDA exit · 5y | cross check | $226.45 | $171.03 | $291.34 |
| DCF · EBITDA exit · 10y | cross check | $212.07 | $153.86 | $288.59 |
| P/E · peers | cross check | $287.17 | $243.93 | $306.17 |
| P/E · own history | cross check | $183.45 | $153.79 | $228.43 |
| PEG | sanity check | $119.98 | $119.98 | $119.98 |
| EV/EBITDA · peers | cross check | $256.64 | $216.28 | $286.16 |
| EV/Revenue · peers | cross check | $298.08 | $248.13 | $364.01 |
| Earnings power value | cross check | $50.00 | $40.28 | $63.70 |
| Dividend discount | cross check | $32.25 | $22.75 | $50.60 |

## Insider activity (SEC Form 4)

No open-market insider buys or sales filed in the past 90 days.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| Aug 1, 2026 | Yehle Jeffrey | Senior VP & CHRO | Tax withholding | 173 | $35,357.7 |
| Mar 13, 2026 | Yehle Jeffrey | Senior VP & CHRO | Tax withholding | 63 | $12,869.6 |
| Mar 13, 2026 | Moran James M | VP & Treasurer | Tax withholding | 27 | $5,515.6 |
| Mar 13, 2026 | Moran James M | VP & Treasurer | Tax withholding | 26 | $5,311.3 |
| Mar 13, 2026 | Moran James M | VP & Treasurer | Tax withholding | 20 | $4,085.6 |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Jul 23, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/29905/000002990526000027/dov-20260630.htm |
| Jul 23, 2026 | 8-K | 2.02 Results of Operations (Earnings); 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/29905/000002990526000026/dov-20260723.htm |
| May 12, 2026 | 8-K | 5.07 Submission of Matters to a Shareholder Vote; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/29905/000119312526219689/d150207d8k.htm |
| Apr 23, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/29905/000002990526000015/dov-20260331.htm |
| Apr 23, 2026 | 8-K | 2.02 Results of Operations (Earnings); 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/29905/000002990526000014/dov-20260423.htm |

## Superinvestors holding it (latest 13F)

| Manager | Quarter | Shares | Value |
| --- | --- | ---: | ---: |
| Robert Olstein | 2026-03-31 | 23,000 | $4.8M |
| Thomas Russo | 2026-06-30 | 18,851 | $4.2M |
| Bill Nygren | 2026-06-30 | 11,213 | $2.5M |

3 tracked managers in all.

## About

Dover Corporation operates as a global enterprise, supplying a wide array of industrial equipment, essential components, consumable products, replacement parts, software and digital platforms, and comprehensive support services. Its Engineered Products division delivers diverse machinery, parts, software, and solutions tailored for various industries, including automotive aftermarket service, waste management, industrial automation, aerospace and defense, heavy-duty winching and hoisting, and fluid dispensing. This segment also manufactures specific items such as manual and power clamps, rotary and linear mechanical indexers, conveyors, robotic pick-and-place units, glove ports, manipulators, and end-of-arm tooling like grippers, slides, and end effectors. The Clean Energy & Fueling segment focuses on providing components, equipment, software, and services crucial for the secure transpor…

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Source: https://sweetvaluelab.com/stocks/dov (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.