DANAHER CORP /DE/ (DHR)

Industrial Instruments For Measurement, Display, and Control

Latest Price

$194.98

TTM P/E

34.57

Normalized P/E

30.79

Div Yield

Book Value

74.41

P/B Ratio

2.62

Valuation metrics

EPS: $5.05

Book value / share: $74.32

Formula: √(22.5 × EPS × BVPS)

Graham Number

$91.89

53% 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

80% 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

53% downside

EPS: $5.05

Target P/E: 31×

Formula: EPS × P/E

P/E Fair Value

$156.55

20% downside

76.3% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	51.64M	$9.79B	7.35%	-396.7K	2026-03-31
VANGUARD CAPITAL MANAGEMENT LLC	41.13M	$7.80B	5.85%	--	2026-03-31
STATE STREET CORP	27.89M	$5.30B	3.97%	+212.8K	2026-03-31
FMR LLC	22.53M	$4.27B	3.21%	+3.03M	2026-03-31
PRICE T ROWE ASSOCIATES INC /MD/	15.35M	$2.91B	2.18%	-620.4K	2026-03-31
WELLINGTON MANAGEMENT GROUP LLP	14.77M	$2.80B	2.10%	-302.3K	2026-03-31
GEODE CAPITAL MANAGEMENT, LLC	14.15M	$2.67B	2.01%	+371.3K	2026-03-31
Capital International Investors	14.01M	$2.66B	1.99%	-4.23M	2026-03-31
VANGUARD PORTFOLIO MANAGEMENT LLC	13.95M	$2.65B	1.99%	--	2026-03-31
MORGAN STANLEY	11.21M	$2.13B	1.59%	+564.7K	2026-03-31