Is Dover Corp. overvalued or undervalued?

As of 25 April 2025, the valuation grade for Dover Corp. has moved from expensive to fair. The company is currently fairly valued based on its financial metrics. Key ratios include a P/E ratio of 44, an EV to EBITDA of 29.52, and a Price to Book Value of 6.89.
In comparison to its peers, Dover Corp. has a lower P/E ratio than GE Aerospace, which is very expensive at 123.69, and is also more favorable than Applied Materials, Inc. at 47.71. Additionally, Parker-Hannifin Corp. is fairly valued with a P/E of 33.82, indicating that Dover Corp. is positioned competitively within its industry. Notably, Dover Corp. has underperformed against the S&P 500 over the past year, with a return of -2.72% compared to the index's 10.26%, which may suggest a potential for recovery as it aligns more closely with its fair valuation.