Dover Corporation (DOV)

FairStock Score: 53/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach Dover as a seasoned industrial stalwart, not a fast-growing franchise. The business sells equipment, components, aftermarket parts, software, and support services across several industrial end markets. That aftermarket and software/service content is a modest competitive moat, though not a wide one. The filed numbers show fiscal Q3 2026, the quarter ended 2026-09-30, revenue of $2.2B, net income of $333.3M, and diluted EPS of $2.47, versus fiscal Q3 2025, the quarter ended 2025-09-30, revenue of $2.1B, net income of $302.0M, and diluted EPS of $2.19. That is respectable progress. For the full year, fiscal 2025, the year ended 2025-12-31, produced revenue of $8.1B, net income of $1.1B, and diluted EPS of $7.94; fiscal 2023, the year ended 2023-12-31, was $7.7B of revenue, $1.1B of net income, and $7.52 of diluted EPS. FairStock's Lynch category is STALWART, based on 9.9% five-year profit growth and 3.9% revenue growth, which fits the profile. Financial health looks decent: FairStock's Piotroski F-score is 7/9, Altman Z-score is 4.62, and debt/equity is 0.42. But returns are only moderate—ROE 14.91% and ROCE 7.06%—and the valuation is not bargain-like. At the 2026-10-26 close of $202.51, FairStock's calculations from the data put P/E at 24.49, P/B at 3.54, EV/EBITDA at 14.59, PEG at 2.03, and FCF yield at 4.3%. The Graham Number is $103.02, a margin of safety of -93.36%. I would want more evidence of durable high returns before calling this cheap.

In plain English: Dover makes equipment, parts, software and support services for industrial and vehicle markets. The business looks reasonably strong: sales and profit rose in the latest reported quarter, and cash flow is positive. At the 2026-10-26 share price, though, the stock looks expensive rather than cheap compared with the company's earnings and accounting value.

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Data as of 2026-10-26 close · note generated 2026-10-28 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q3 2026 10-Q (period ended 2026-09-30) · fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer