Stock fact sheet · data as of
Dover Corporation (DOV): fair value, margin of safety and Wheel Score
Industrials · Industrial - Machinery · United States · Blend
Is DOV undervalued?
DOV closed at 194.09 on 16 Oct 2026, more than 30% above the GLS average fair value of 124.42. Only 2 of the 9 models that produced a value sit above the price. By our models the shares are priced well beyond what the filed earnings, cash flow and book value support; the Sunday Scan drops names like this at the "below fair value" rule.
There is a wide gap between DDM (30.68) and 10 Cap (226.24). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
The nightly engine files DOV under Blend.
Nine valuation models for DOV
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 136.65 | -30% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 104.07 | -46% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 148.95 | -23% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 40.38 | -79% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 116.27 | -40% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 226.24 | +17% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 223.00 | +15% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 30.68 | -84% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 93.56 | -52% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -11.21 | -106% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 243.36 | +25% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Dover Corporation scores 8 of 9 on the Piotroski F-score, the nine yes/no tests of profitability, leverage and efficiency on the latest annual accounts - a strong reading that passes the Sunday Scan's "6 or more" rule with room to spare. On durability DOV scores 6.7/10 on the GLS Moat - a middle reading; the Scorecard on the Quote page's Financials tab shows which ten-year lines are steady and which are not.
Returns on capital are moderate - ROIC 9.8%, ROE 14.8%, ROA 8.2% - with debt at 0.51 times equity and a free-cash-flow yield of 4.5%.
The dividend yield is 1.07% with a payout ratio of 25% - a small yield that leaves most of the earnings in the business. Revenue comes mainly from Clean Energy & Fueling 27%, Pumps & Process Solutions 25%, Climate & Sustainability Technologies 21% (quarter Q2 FY2026).
Institutional ownership scores 10/10, insider activity 1/10 and Congressional trading 10/10 on the GLS smart-money scales; the last recorded Congressional buy was on 11 Sep 2026.
| Piotroski F-score | 8 / 9 | ROIC | 9.8% |
|---|---|---|---|
| GLS Moat | 6.7 / 10 | ROE | 14.8% |
| Debt / equity | 0.51 | ROA | 8.2% |
| Free-cash-flow yield | 4.5% | Payout ratio | 25% |
| Institutions | 10 / 10 | Insiders · Congress | 1 · 10 / 10 |
Wheel Score 61: Fair
A Wheel Score of 61 puts Dover Corporation in the Fair band - below the 70 the Sunday Scan requires. Value 0/25, Health 18/20, Moat 10/15, Premium 16/20 and Stability 18/20; the weakest part is Value (0/25).
Implied volatility is 31% on the near-the-money contracts 20-60 days out: some premium, but under the 35-60% range the Wheel Score pays full marks for (16 of 20 points). Chain open interest is 9,131 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 798k shares a day on a market cap of $26.1B, with a beta of 1.13; the Stability part of the Wheel Score gives that 18 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 0 / 25 | -56% margin of safety | |
| Health | 18 / 20 | Piotroski 8/9 | |
| Moat | 10 / 15 | moat 6.7/10 | |
| Premium | 16 / 20 | implied volatility 31% | |
| Stability | 18 / 20 | 798k shares/day, $26.1B cap, beta 1.13 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
Dover Corporation reports earnings on 22 Oct 2026 (before the open) - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Industrial - Machinery
The 12 companies below are the closest to Dover Corporation by market cap within the Industrial - Machinery industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| OTIS Otis Worldwide Corporation | 70.40 | 64.55 | -9% | 69Good | $26.8B |
| SYM Symbotic Inc. | 37.90 | 22.23 | -70% | 56Fair | $27.4B |
| XYL Xylem Inc. | 102.74 | 98.67 | -4% | 75Good | $24.0B |
| IR Ingersoll Rand Inc. | 77.88 | 39.61 | -97% | 63Fair | $30.2B |
| NDSN Nordson Corporation | 328.80 | 162.22 | -103% | 55Fair | $18.3B |
| ITT ITT Inc. | 201.04 | 129.35 | -55% | 58Fair | $18.0B |
| IEX IDEX Corporation | 236.42 | 123.83 | -91% | 60Fair | $17.4B |
| CARR Carrier Global Corporation | 54.96 | 28.43 | -93% | 60Fair | $45.3B |
| ROK Rockwell Automation, Inc. | 423.42 | 168.71 | -151% | 66Good | $47.1B |
| GGG Graco Inc. | 81.78 | 53.01 | -54% | 61Fair | $13.2B |
| LII Lennox International Inc. | 358.50 | 480.26 | +25% | 85Prime | $12.4B |
| INIO INNIO N.V. Ordinary Shares | 16.50 | 6.18 | -167% | 40Weak | $12.4B |
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Start free See the Sunday ScanQuestions about DOV
Is DOV undervalued right now?
No: at 194.09 the stock trades 56% above the GLS average fair value of 124.42 (data as of 16 Oct 2026), well beyond what trailing earnings, cash flow and book value support.
What is the Wheel Score of DOV and what does it mean?
DOV scores 61 out of 100 (Fair). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for DOV?
124.42 per share as of 16 Oct 2026 - the simple average of the 9 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Dover Corporation report earnings next?
The next earnings report is due on 22 Oct 2026 (before the open), 6 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does DOV have listed options, and how liquid are they?
Yes. The nightly snapshot found 438 listed contracts with 9,131 open interest across all expiries and implied volatility of 31% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.