Dover Price to Sales Ratio vs Interest Coverage Analysis

DOV Stock

USD 170.28 0.44 0.26%

Dover financial indicator trend analysis is much more than just examining Dover latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Dover is a good investment. Please check the relationship between Dover Price To Sales Ratio and its Interest Coverage accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dover. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.

For more information on how to buy Dover Stock please use our How to Invest in Dover guide.

Price To Sales Ratio vs Interest Coverage

Price to Sales Ratio vs Interest Coverage Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Dover Price to Sales Ratio account and Interest Coverage. At this time, the significance of the direction appears to have weak relationship.

The correlation between Dover's Price to Sales Ratio and Interest Coverage is 0.31. Overlapping area represents the amount of variation of Price to Sales Ratio that can explain the historical movement of Interest Coverage in the same time period over historical financial statements of Dover, assuming nothing else is changed. The correlation between historical values of Dover's Price to Sales Ratio and Interest Coverage is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Price to Sales Ratio of Dover are associated (or correlated) with its Interest Coverage. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Coverage has no effect on the direction of Price to Sales Ratio i.e., Dover's Price to Sales Ratio and Interest Coverage go up and down completely randomly.

Correlation Coefficient

0.31

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Price To Sales Ratio

Price to Sales Ratio is figured by comparing Dover stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Dover sales, a figure that is much harder to manipulate than other Dover multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company’s stock price to its revenues, calculated by dividing the company’s market cap by its total sales or revenue over a 12-month period.

Interest Coverage

Most indicators from Dover's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Dover current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dover. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.

For more information on how to buy Dover Stock please use our How to Invest in Dover guide.At this time, Dover's Enterprise Value Over EBITDA is fairly stable compared to the past year. Enterprise Value Multiple is likely to climb to 15.15 in 2024, whereas Selling General Administrative is likely to drop slightly above 1.6 B in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	3.0B	3.1B	3.1B	2.1B
Total Revenue	7.9B	8.5B	8.4B	5.8B

Gross Profit Total Revenue

Dover fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Property Plant And Equipment Gross	Common Stock Total Equity	Common Stock
Total Assets		0.76	0.93	0.84	0.91	0.95	0.61	0.7	0.41	0.99	0.36	0.41	0.97	-0.8	0.92	0.86	0.64	-0.53	0.95	0.95	0.41	0.88	0.77	0.35	0.46	0.46
Short Long Term Debt Total	0.76		0.74	0.82	0.55	0.67	0.96	0.94	0.01	0.77	0.5	0.02	0.81	-0.92	0.74	0.72	0.58	-0.85	0.82	0.67	0.46	0.76	0.77	0.57	0.67	0.88
Other Current Liab	0.93	0.74		0.87	0.8	0.84	0.64	0.74	0.25	0.92	0.47	0.25	0.92	-0.81	0.85	0.91	0.6	-0.64	0.91	0.89	0.33	0.74	0.84	0.51	0.56	0.5
Total Current Liabilities	0.84	0.82	0.87		0.63	0.7	0.78	0.75	0.03	0.84	0.34	0.02	0.89	-0.8	0.75	0.91	0.54	-0.72	0.89	0.78	0.66	0.69	0.86	0.55	0.56	0.54
Total Stockholder Equity	0.91	0.55	0.8	0.63		0.95	0.36	0.57	0.63	0.87	0.36	0.63	0.83	-0.55	0.7	0.75	0.53	-0.25	0.72	0.93	0.35	0.83	0.47	0.37	0.42	0.33
Property Plant And Equipment Net	0.95	0.67	0.84	0.7	0.95		0.49	0.64	0.55	0.94	0.41	0.55	0.9	-0.68	0.83	0.75	0.53	-0.38	0.83	0.93	0.34	0.88	0.61	0.31	0.38	0.45
Net Debt	0.61	0.96	0.64	0.78	0.36	0.49		0.9	-0.27	0.65	0.46	-0.26	0.7	-0.89	0.64	0.67	0.45	-0.92	0.74	0.49	0.43	0.63	0.77	0.59	0.69	0.87
Retained Earnings	0.7	0.94	0.74	0.75	0.57	0.64	0.9		0.0	0.69	0.57	0.01	0.76	-0.89	0.62	0.76	0.59	-0.89	0.71	0.67	0.31	0.63	0.72	0.76	0.78	0.93
Cash	0.41	0.01	0.25	0.03	0.63	0.55	-0.27	0.0		0.34	0.07	1.0	0.31	0.0	0.26	0.1	0.4	0.33	0.19	0.57	0.06	0.36	-0.09	-0.18	-0.15	-0.07
Non Current Assets Total	0.99	0.77	0.92	0.84	0.87	0.94	0.65	0.69	0.34		0.37	0.34	0.96	-0.82	0.94	0.85	0.59	-0.55	0.96	0.91	0.4	0.89	0.78	0.32	0.46	0.47
Non Currrent Assets Other	0.36	0.5	0.47	0.34	0.36	0.41	0.46	0.57	0.07	0.37		0.08	0.32	-0.46	0.27	0.29	-0.04	-0.44	0.32	0.31	0.16	0.38	0.25	0.39	0.59	0.62
Cash And Short Term Investments	0.41	0.02	0.25	0.02	0.63	0.55	-0.26	0.01	1.0	0.34	0.08		0.31	0.0	0.26	0.09	0.4	0.33	0.18	0.57	0.06	0.36	-0.09	-0.17	-0.14	-0.06
Net Receivables	0.97	0.81	0.92	0.89	0.83	0.9	0.7	0.76	0.31	0.96	0.32	0.31		-0.86	0.91	0.9	0.68	-0.64	0.96	0.94	0.43	0.82	0.85	0.42	0.49	0.54
Common Stock Shares Outstanding	-0.8	-0.92	-0.81	-0.8	-0.55	-0.68	-0.89	-0.89	0.0	-0.82	-0.46	0.0	-0.86		-0.86	-0.78	-0.67	0.9	-0.89	-0.71	-0.24	-0.67	-0.88	-0.47	-0.62	-0.79
Non Current Liabilities Total	0.92	0.74	0.85	0.75	0.7	0.83	0.64	0.62	0.26	0.94	0.27	0.26	0.91	-0.86		0.73	0.64	-0.58	0.97	0.8	0.22	0.79	0.83	0.13	0.32	0.44
Inventory	0.86	0.72	0.91	0.91	0.75	0.75	0.67	0.76	0.1	0.85	0.29	0.09	0.9	-0.78	0.73		0.58	-0.68	0.85	0.85	0.45	0.66	0.8	0.67	0.57	0.5
Other Current Assets	0.64	0.58	0.6	0.54	0.53	0.53	0.45	0.59	0.4	0.59	-0.04	0.4	0.68	-0.67	0.64	0.58		-0.53	0.64	0.71	0.08	0.44	0.63	0.29	0.34	0.44
Other Stockholder Equity	-0.53	-0.85	-0.64	-0.72	-0.25	-0.38	-0.92	-0.89	0.33	-0.55	-0.44	0.33	-0.64	0.9	-0.58	-0.68	-0.53		-0.68	-0.45	-0.2	-0.38	-0.82	-0.64	-0.7	-0.83
Total Liab	0.95	0.82	0.91	0.89	0.72	0.83	0.74	0.71	0.19	0.96	0.32	0.18	0.96	-0.89	0.97	0.85	0.64	-0.68		0.84	0.4	0.8	0.9	0.3	0.43	0.51
Total Current Assets	0.95	0.67	0.89	0.78	0.93	0.93	0.49	0.67	0.57	0.91	0.31	0.57	0.94	-0.71	0.8	0.85	0.71	-0.45	0.84		0.41	0.78	0.67	0.41	0.44	0.43
Short Term Debt	0.41	0.46	0.33	0.66	0.35	0.34	0.43	0.31	0.06	0.4	0.16	0.06	0.43	-0.24	0.22	0.45	0.08	-0.2	0.4	0.41		0.5	0.24	0.29	0.29	0.23
Intangible Assets	0.88	0.76	0.74	0.69	0.83	0.88	0.63	0.63	0.36	0.89	0.38	0.36	0.82	-0.67	0.79	0.66	0.44	-0.38	0.8	0.78	0.5		0.54	0.28	0.39	0.51
Accounts Payable	0.77	0.77	0.84	0.86	0.47	0.61	0.77	0.72	-0.09	0.78	0.25	-0.09	0.85	-0.88	0.83	0.8	0.63	-0.82	0.9	0.67	0.24	0.54		0.4	0.46	0.54
Property Plant And Equipment Gross	0.35	0.57	0.51	0.55	0.37	0.31	0.59	0.76	-0.18	0.32	0.39	-0.17	0.42	-0.47	0.13	0.67	0.29	-0.64	0.3	0.41	0.29	0.28	0.4		0.71	0.66
Common Stock Total Equity	0.46	0.67	0.56	0.56	0.42	0.38	0.69	0.78	-0.15	0.46	0.59	-0.14	0.49	-0.62	0.32	0.57	0.34	-0.7	0.43	0.44	0.29	0.39	0.46	0.71		0.66
Common Stock	0.46	0.88	0.5	0.54	0.33	0.45	0.87	0.93	-0.07	0.47	0.62	-0.06	0.54	-0.79	0.44	0.5	0.44	-0.83	0.51	0.43	0.23	0.51	0.54	0.66	0.66

Click cells to compare fundamentals

Dover Account Relationship Matchups

Dover fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	8.7B	9.2B	10.4B	10.9B	11.3B	6.5B
Short Long Term Debt Total	3.1B	3.1B	3.1B	3.7B	3.7B	3.9B
Other Current Liab	637.9M	651.2M	843.5M	712.4M	812.9M	513.2M
Total Current Liabilities	1.7B	1.7B	2.3B	2.8B	2.5B	1.4B
Total Stockholder Equity	3.0B	3.4B	4.2B	4.3B	5.1B	3.0B
Property Plant And Equipment Net	842.3M	897.3M	957.3M	1.0B	1.0B	749.7M
Net Debt	2.7B	2.6B	2.7B	3.3B	3.3B	3.4B
Retained Earnings	8.2B	8.6B	9.4B	10.2B	11.0B	11.5B
Cash	397.3M	513.1M	385.5M	380.9M	398.6M	403.0M
Non Current Assets Total	6.1B	6.5B	7.3B	7.5B	8.0B	4.3B
Non Currrent Assets Other	440.4M	479.2M	466.3M	89.9M	560.9M	588.9M
Cash And Short Term Investments	397.3M	513.1M	385.5M	380.9M	398.6M	420.8M
Net Receivables	1.2B	1.1B	1.3B	1.5B	1.4B	958.3M
Common Stock Shares Outstanding	147.0M	145.4M	145.3M	143.6M	140.6M	161.7M
Liabilities And Stockholders Equity	8.7B	9.2B	10.4B	10.9B	11.3B	6.5B
Non Current Liabilities Total	3.9B	4.0B	4.0B	3.8B	3.7B	2.1B
Inventory	806.1M	835.8M	1.2B	1.4B	1.2B	702.4M
Other Current Assets	127.8M	133.1M	137.6M	159.1M	141.5M	111.6M
Other Stockholder Equity	(5.2B)	(5.3B)	(5.4B)	(5.9B)	(5.9B)	(5.6B)
Total Liab	5.6B	5.8B	6.2B	6.6B	6.2B	3.5B
Total Current Assets	2.5B	2.6B	3.1B	3.4B	3.4B	2.2B
Short Term Debt	84.7M	48.8M	105.7M	735.8M	517.1M	315.7M
Intangible Assets	1.1B	1.1B	1.4B	1.3B	1.5B	1.2B
Accounts Payable	983.3M	853.9M	1.1B	1.1B	958.5M	549.0M
Property Plant And Equipment Gross	842.3M	897.3M	2.5B	2.6B	2.7B	2.8B
Accumulated Other Comprehensive Income	(216.0M)	(153.3M)	(154.1M)	(266.2M)	(237.9M)	(249.8M)
Common Stock Total Equity	258.6M	259.0M	259.5M	259.6M	298.6M	273.9M
Common Stock	258.6M	259.0M	259.5M	259.6M	259.8M	274.4M
Other Liab	771.8M	918.7M	945.0M	722.4M	830.8M	712.8M
Other Assets	285.3M	479.2M	44.3M	624.1M	717.7M	391.5M
Long Term Debt	3.0B	3.1B	3.0B	2.9B	3.0B	2.3B
Good Will	3.8B	4.1B	4.6B	4.7B	4.9B	3.8B
Treasury Stock	(6.1B)	(6.2B)	(6.2B)	(6.8B)	(6.1B)	(5.8B)
Property Plant Equipment	842.3M	897.3M	957.3M	1.0B	1.2B	970.8M
Current Deferred Revenue	44.0M	184.8M	227.5M	256.9M	211.3M	148.7M
Retained Earnings Total Equity	8.2B	8.6B	9.4B	10.2B	11.8B	7.6B
Deferred Long Term Liab	322.0M	298.4M	364.1M	375.2M	431.4M	422.8M
Net Tangible Assets	(1.8B)	(1.8B)	(1.7B)	(1.7B)	(1.5B)	(1.6B)

Dover Investors Sentiment

The influence of Dover's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Dover. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to Dover's public news can be used to forecast risks associated with an investment in Dover. The trend in average sentiment can be used to explain how an investor holding Dover can time the market purely based on public headlines and social activities around Dover. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Dover's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Dover's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Dover's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Dover.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Dover in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Dover's short interest history, or implied volatility extrapolated from Dover options trading.

Pair Trading with Dover

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Dover position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Dover will appreciate offsetting losses from the drop in the long position's value.

Moving together with Dover Stock

0.85	B	Barnes Group Earnings Call This Week	Pair Corr
0.9	CR	Crane Company Financial Report 8th of May 2024	Pair Corr
0.78	HI	Hillenbrand Financial Report 13th of May 2024	Pair Corr
0.95	IR	Ingersoll Rand Financial Report 1st of May 2024	Pair Corr

Moving against Dover Stock

0.79	ATS	ATS Corporation	Pair Corr
0.69	RR	Richtech Robotics Class	Pair Corr

The ability to find closely correlated positions to Dover could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dover when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Dover - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Dover to buy it.

The correlation of Dover is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Dover moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dover moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Dover can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Dover is a strong investment it is important to analyze Dover's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Dover's future performance. For an informed investment choice regarding Dover Stock, refer to the following important reports:

How To Invest In Dover

Details

Is Dover Stock a good investment?

Details

What is Dover's Net Worth?

Details

Largest Industrial Machinery & Supplies & Components Companies

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dover. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.

For more information on how to buy Dover Stock please use our How to Invest in Dover guide.

You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.

Complementary Tools for Dover Stock analysis

When running Dover's price analysis, check to measure Dover's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Dover is operating at the current time. Most of Dover's value examination focuses on studying past and present price action to predict the probability of Dover's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dover's price. Additionally, you may evaluate how the addition of Dover to your portfolios can decrease your overall portfolio volatility.

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Is Dover's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Dover. If investors know Dover will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Dover listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.128

Dividend Share

2.03

Earnings Share

7.52

Revenue Per Share

60.338

Quarterly Revenue Growth

(0.02)

The market value of Dover is measured differently than its book value, which is the value of Dover that is recorded on the company's balance sheet. Investors also form their own opinion of Dover's value that differs from its market value or its book value, called intrinsic value, which is Dover's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Dover's market value can be influenced by many factors that don't directly affect Dover's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Dover's value and its price as these two are different measures arrived at by different means. Investors typically determine if Dover is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dover's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Dover Price to Sales Ratio vs Interest Coverage Analysis

Price To Sales Ratio vs Interest Coverage

Price to Sales Ratio vs Interest Coverage Correlation Analysis

Correlation Coefficient

Price To Sales Ratio

Interest Coverage

Dover fundamental ratios Correlations

Dover Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Dover fundamental ratios Accounts

Dover Investors Sentiment

Pair Trading with Dover

Moving together with Dover Stock

Moving against Dover Stock

Complementary Tools for Dover Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 0.99	Total Assets
Net Receivables	+ 0.97	Total Assets
Total Liab	+ 0.97	Non Current Liabilities Total
Net Debt	+ 0.96	Short Long Term Debt Total
Net Receivables	+ 0.96	Non Current Assets Total

Other Stockholder Equity	- 0.92	Net Debt
Common Stock Shares Outstanding	- 0.92	Short Long Term Debt Total
Total Liab	- 0.89	Common Stock Shares Outstanding
Other Stockholder Equity	- 0.89	Retained Earnings
Common Stock Shares Outstanding	- 0.89	Retained Earnings
Common Stock Shares Outstanding	- 0.89	Net Debt