Danaher Corp (DHR)

Industrial Instruments For Measurement, Display, and Control

Latest Price

$221.55

TTM P/E

39.28

Normalized P/E

33.98

Div Yield

Book Value

74.29

P/B Ratio

2.98

Valuation metrics

EPS: $5.05

Book value / share: $74.32

Formula: √(22.5 × EPS × BVPS)

Graham Number

$91.89

59% downside

Norm. op. income: $4.9B (median of 7yr)

Tax rate: 16%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$38.04

83% downside

Base FCF: $5.8B (median of recent 5yr)

Growth: 2%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$90.70

59% downside

EPS: $5.05

Target P/E: 34×

Formula: EPS × P/E

P/E Fair Value

$171.70

23% downside

82.0% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	55.08M	$10.49B	7.84%	+3.44M	2026-06-30
Vanguard Capital Management LLC	41.38M	$7.88B	5.89%	+249.3K	2026-06-30
FMR LLC	29.54M	$5.63B	4.20%	+7.01M	2026-06-30
State Street Corp	28.46M	$5.43B	4.05%	+561.8K	2026-06-30
Wellington Management Group LLP	16.32M	$3.11B	2.32%	+1.54M	2026-06-30
Capital International Investors	15.50M	$2.95B	2.21%	+1.49M	2026-06-30
Geode Capital Management, LLC	14.28M	$2.71B	2.03%	+134.6K	2026-06-30
Vanguard Portfolio Management LLC	14.21M	$2.71B	2.02%	+250.5K	2026-06-30
JPMorgan Chase & Co	12.19M	$2.35B	1.73%	-9.40M	2026-06-30
Price T Rowe Associates Inc	11.45M	$2.18B	1.63%	-3.90M	2026-06-30