What is Dover Corporation (DOV) DCF Fair Value and Intrinsic Value in 2026?

Dover Corporation (DOV) intrinsic value is calculated using conservative multi-stage Discounted Cash Flow (DCF) models, 5-year free cash flow trajectories, Graham Numbers, and owner earnings multiples. LocalAlpha tracks real-time margin of safety against live market prices.

What is Dover Corporation's historical Return on Invested Capital (ROIC) and Moat Rating?

Dover Corporation operates in the Industrials sector (Specialty Industrial Machinery) with an economic moat rating of WIDE. LocalAlpha tracks 5-year audited quarterly ROIC, operating margin stability, and balance sheet solvency ratios.

What is Dover Corporation's financial health rating and Piotroski F-Score?

Dover Corporation's balance sheet quality is evaluated using the 9-point Piotroski F-Score, Altman Z-Score solvency model, debt-to-equity ratio, and quick/current liquidity coverage to guard against financial distress.

How does LocalAlpha monitor Dover Corporation (DOV) for quarterly SEC filing thesis breaks?

LocalAlpha audits Dover Corporation's 10-K, 10-Q, and 8-K regulatory filings on SEC EDGAR within 15 minutes of release. If reported metrics breach an investor's custom ROIC floor, operating margin boundary, or qualitative risk criteria, an autonomous breach audit is dispatched immediately.

StocksDOV

DOV

Dover CorporationIndustrials / Specialty Industrial MachineryINTACT

Dover Corporation provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide. The company's Engineered Products segment provides various equipment, component, software, solution, and services that are used in vehicle aftermarket, aerospace and defense, industrial winch and hoist, and fluid dispensing end-market. This segment offers software solutions and services used in light and heavy-duty vehicle lifts, wheel service equipment, vehicle diagnostics, and vehicle collision repair solutions; winches, hoists, bearings, drives, and electric monitoring system; and radio frequency and microwave filters and switches, and signal intelligence solutions, as well as soldering and fluid dispensing solutions. Its Clean Energy & Fueling segment offers component, equipment, and software and service solution enabling safe storage and transport of fuel, cryogenic gases, and hazardous fluids, as well as operation of retail fueling and vehicle wash establishment. The company's Imaging & Identification segment provides precision marking and coding, product traceability equipment, brand protection, and digital textile printing equipment and solution, as well as consumable, software, and service to packaged and consumer goods, pharmaceutical, industrial manufacturing, textile, and other end-market. Its Pumps & Process Solutions segment manufactures specialty pump, connector, flow meter, fluid connecting solution, plastics and polymer processing equipment, and engineered components for rotating and reciprocating machines. The company's Climate & Sustainability Technologies segment manufactures refrigeration system, refrigeration display case, commercial glass refrigerator and freezer door, and brazed plate heat exchanger for industrial heating and cooling, and residential climate control applications. Dover Corporation was incorporated in 1947 and is headquartered in Downers Grove, Illinois.

Share Price

$189.46

52W: $158.97 - $237.54

DCF Fair Value

$140.17

-35.2% Premium

Thesis Hub

P/E (TTM)

22.9x

ROIC

14%

Operating Margin

18.7%

FCF Yield

3.6%

Debt / Equity

0.42x

Piotroski Score

8/9

Altman Z-Score

3.5

Market Cap

$25.5B

Price vs. Intrinsic Value Corridor

Overvalued vs DCF ($140.17)

Historical market price overlaid against conservative DCF Fair Value & Benjamin Graham Margin of Safety bands.

Period Return (1Y)

—()

Period Range

$— - $—

DCF Fair Value

$140.17

MOS Buy Target (-25%)

$105.13

Valuation Overlays: DCF Fair Value ($140.17) 25% MOS Buy Target ($105.13) Revised Graham ($170.36) Graham Number ($103.11)

2-Stage Discounted Cash Flow (DCF) Workbench

Conservative intrinsic value model based on owner cash generation over a 10-year investment horizon. Opens with LocalAlpha's baseline assumptions (matching the fair value shown above) — adjust any input to stress-test.

Current Market Price

$189.46

DCF Fair Value

$139.65

-35.7% Premium

Starting Free Cash Flow ($M)$906M

$100M$906M (Reported)$50,000M

Stage 1 Growth (Years 1-5)9.3%

-5%10% (Target)35%

Stage 2 Growth (Years 6-10)4.5%

0%5%20%

Discount Rate (WACC / Hurdle)9.0%

6%9% (Standard)15% (High Risk)

Terminal Perpetual Growth2.5%

1% (GDP Floor)2.5% (Inflation)4.0%

Net Debt ($M)$1,500M

-$100B CashBalance Sheet+$150B Debt

10-Yr PV of Cash Flows

$8.6B

PV of Terminal Value

$11.7B

Implied Enterprise Value

$20.4B

Implied Equity Value

$18.9B

Year	Yr 1	Yr 2	Yr 3	Yr 4	Yr 5	Yr 6	Yr 7	Yr 8	Yr 9	Yr 10
Projected FCF ($M)	$990	$1,082	$1,183	$1,293	$1,413	$1,477	$1,543	$1,613	$1,685	$1,761
Present Value (PV)	$908	$911	$914	$916	$919	$881	$844	$809	$776	$744

Benjamin Graham & Buffett Value Models

Classical deep value metrics based on asset backing, normalized earnings power, and owner cash yield.

Graham Number-83.8% Premium

$103.10

Calculated as √(22.5 × EPS × BVPS). The maximum theoretical price a defensive investor should pay based purely on asset book value and current earnings.

EPS: $8.26BVPS: $57.20

Revised Graham Formula-11.2% Premium

$170.36

Formula: V = (EPS × (8.5 + 2g) × 4.4) / Y where g is the conservative 7-10 yr growth rate and Y is AAA Bond Yield.

Growth Rate (g%)

Bond Yield (Y%)

Buffett Owner Earnings3.4% Yield

$6.38 / share

True distributable cash flow: Net Income + D&A - Maintenance CapEx. Reflects the cash Buffett would extract without hurting unit volume.

Total: $0.9BYield: 3.4%

Reverse DCF: Market Growth Expectation

FAIR BARRIER

10.2% CAGR (Next 10 Yrs)

At the current price of $189.46, the market is assuming the business will compound Free Cash Flow at 10.2% per year for the next decade with a 9% hurdle rate.

Value Investor Verdict

ℹ Fair expectations: Requires steady execution.

Autonomous Thesis Underwriting

Surveil DOV with Mathematical Margin of Safety Rules

Set non-negotiable floor rules for Dover Corporation. If a newly filed quarterly 10-Q breaks your ROIC floor, operating margin boundary, or balance sheet leverage rules, receive an autonomous breach audit within 15 minutes.

Buffett Quality

ROIC > 15% • Margin > 15% • D/E < 0.5x

Margin Floor Guard

Current Margin 18.7% • Floor > 10%

Solvency Guard

Altman-Z > 2.6 • Current Ratio > 1.5x

Track DOV & Set Alerts Browse S&P 500 Coverage

Frequently Asked Questions: Dover Corporation (DOV) Intrinsic Valuation

Audited fundamentals, DCF intrinsic value sensitivity, and thesis break detection parameters for Dover Corporation.

Based on institutional multi-stage Discounted Cash Flow (DCF) modeling on audited SEC cash flows, Dover Corporation has an estimated DCF intrinsic fair value of $140.17 per share compared to its current market price of $189.46. This represents an estimated 35.2% premium over fair value. Additionally, its classic Benjamin Graham Number stands at $103.11.