Agilent Technologies Inc vs Danaher Corp

Agilent Technologies Inc (A) is overvalued and Danaher Corp (DHR) is overvalued.

Both trade above our estimate of their intrinsic value. A is the closer of the two: -105%, against -137% for DHR.

Values as of the 22 Sept 2026 close.

Agilent Technologies Inc (A)

Discounting its cash flows at 10.5% (average of 3 methods) values the shares at $81.41; the price of $167.26 is 105% above that value, and 71% of that value comes from beyond year five.

Leak Score 55/100 on 10 of 12 signals

Danaher Corp (DHR)

Discounting its cash flows at 9.1% (average of 3 methods) values the shares at $93.43; the price of $221.09 is 137% above that value, and 75% of that value comes from beyond year five.

Leak Score 45/100 on 10 of 12 signals

MetricADHR
VerdictOvervaluedOvervalued
Price$167.26$221.09
Intrinsic value$81.41$93.43
Margin of safety-105%-137%
Leak Score55/100 (10/12)45/100 (10/12)
Market cap$47.2B$155.4B
Revenue growth, 5 years5.4%2.0%
Operating margin24.1%21.2%
Net margin19.5%16.0%
Return on equity21.0%7.6%
Debt to equity0.540.53
P/E32.9x39.3x
Forward P/E24.8x23.8x
P/B6.4x3.0x
Dividend yield0.6%0.6%

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