DHRDanaher Corporation

$227.38+14% 1Y

RyuScore

Seven criteria, each scored 0 to 100 on a published scale, weighted into one number.

RyuScore 38 out of 100, Below average
Today's price. Only valuation depends on it.

Below average. Danaher Corporation scores higher than 33% of the 1,794 companies Ryufin scores.

Carried by capital allocation and cycle position, held back by valuation and return on new capital.

Healthcare median 27 · all companies 50

Valuation

26% of the score

0median 13

Danaher Corporation is valued at 25.8x its operating profit before acquisition amortisation (EBITA), including debt: past the 25 times where this criterion gives nothing.

25x
20x
15x
10x
6x
25.8x
Full points at 6x or less, none from 25xfull points

Return on capital

18% of the score

36median 34

Over 7 years the business earned 6.9% a year after tax on the capital it uses.

2%
8%
15%
25%
6.9%
None at 2% or less, full points from 25%full points
Return on capital by year
7 years agolatest 5.7%

Return on new capital

16% of the score

21median 49

Over 6 years yearly profit fell by 1 cents for every dollar earned. New capital earned -12%, and 12% of profit went back into the business.

-5%
12%
-1.4%
None at minus 5 cents, full points from 12 centsfull points

Capital allocation

14% of the score

73median 64

How management spends the money: shares bought back or issued, and whether assets grow faster than the business they serve.

Share countDown 0.1% a year over 5 years: buybacks
63
5%
-3%
-0.1%
0 pointsfull points
Assets against salesAssets grew 1.8% a year, sales 2%
87
12%
-2%
-0.1%
0 pointsfull points

Cycle position

12% of the score

70median 62

Today's operating margin of 20% is 0.95x its normal 21%: close to its usual level. Normal is half the 10 year median, half the last four years, so a margin that has held is not taken for a peak.

2x
1.5x
1x
0.7x
1x
A trough earns points, a peak costs themfull points
Operating margin by year, against its normal level
10 years agonow 20%

Balance sheet

8% of the score

59median 50

What the debt weighs against the profit that has to carry it.

Net debt to EBITDA3.8x a year of EBITDA
18
4.5x
0.5x
3.8x
0 pointsfull points
Interest coverOperating profit covers interest 18x
100
1.5x
12x
17.6x
0 pointsfull points

Earnings quality

6% of the score

85median 90

Whether the reported profit arrives as cash, and whether the accounts show the usual signs of stretching.

Cash against profitOperating cash flow was 1.65x profit over 3 years
100
0.7x
1x
1.3x
1.7x
0 pointsfull points
AccrualsCash ran ahead of profit by 3.5% of assets
77
8%
0%
-8%
-3.5%
0 pointsfull points
Beneish M-score-2.57
78
-1.50
-1.78
-2.22
-3.00
-2.57
0 pointsfull points

How the RyuScore works

Each criterion earns 0 to 100 points on the scale drawn under it, and the RyuScore is their average weighted 26, 18, 16, 14, 12, 8 and 6. Scales bend in the company's favour between their ends, so an ordinary figure is never already near zero. Where a criterion cannot be measured from the filings it is taken out and the remaining weights scale up; a company needs 60% of the weight covered, and always a price, to get a score.

Built from the company's annual and quarterly filings with the SEC and today's share price. Banks, insurers and property trusts are not scored: their debt is their raw material, so these yardsticks mean something else there. Figures as of 2026-06-26, latest annual report FY2025.