DHR
Danaher Corporation Healthcare - Life Sciences Investor Relations →
Danaher Corporation (DHR) closed at $189.35 as of 2026-03-20, trading 15.8% below its 200-week moving average of $224.97. This places DHR in the extreme value zone. The stock moved further from the line this week, up from -16.8% last week. With a 14-week RSI of 24, DHR is in oversold territory.
Over the past 14 weeks, down-weeks have had more trading volume than up-weeks (0.66 buyers-vs-sellers ratio). That means when people are active, they're more often selling than buying. Sellers are still more in control than buyers.
Over the past 2416 weeks of data, DHR has crossed below its 200-week moving average 15 times. On average, these episodes lasted 19 weeks. Historically, investors who bought DHR at the start of these episodes saw an average one-year return of +17.9%.
With a market cap of $133.9 billion, DHR is a large-cap stock. The company generates a free cash flow yield of 3.4%. Return on equity stands at 7.1%. The stock trades at 2.5x book value.
Over the past 33.2 years, a hypothetical investment of $100 in DHR would have grown to $28145, compared to $2683 for the S&P 500. That represents an annualized return of 18.5% vs 10.4% for the index — confirming DHR as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been declining at a -10.8% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: DHR vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After DHR Crosses Below the Line?
Across 10 historical episodes, buying DHR when it crossed below its 200-week moving average produced an average return of +21.0% after 12 months (median +24.0%), compared to +14.6% for the S&P 500 over the same periods. 89% of those episodes were profitable after one year. After 24 months, the average return was +36.9% vs +31.6% for the index.
Each line shows $100 invested at the moment DHR crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
DHR has crossed below its 200-week MA 15 times with an average 1-year return of +17.9% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Dec 1979 | Aug 1980 | 33 | 35.8% | -18.9% | +334597.6% |
| Aug 1980 | Dec 1980 | 19 | 15.0% | +5.9% | +364128.1% |
| Aug 1981 | May 1983 | 91 | 47.2% | -47.2% | +343893.1% |
| Jul 1983 | Sep 1983 | 11 | 14.2% | +76.7% | +412692.7% |
| Oct 1990 | Nov 1990 | 1 | 1.5% | +31.0% | +53278.4% |
| Sep 2001 | Oct 2001 | 3 | 7.8% | +20.4% | +4044.3% |
| Sep 2002 | Sep 2002 | 2 | 2.7% | +34.9% | +3264.5% |
| Nov 2002 | Nov 2002 | 1 | 0.2% | +47.4% | +3239.3% |
| Sep 2008 | Oct 2009 | 54 | 26.8% | +3.6% | +1402.6% |
| Oct 2009 | Nov 2009 | 1 | 0.5% | +27.4% | +1276.5% |
| May 2023 | May 2023 | 2 | 1.5% | +26.3% | -4.7% |
| Jul 2023 | Jul 2023 | 1 | 0.6% | +16.3% | -7.2% |
| Oct 2023 | Nov 2023 | 6 | 12.7% | +29.8% | -8.4% |
| Nov 2024 | Dec 2025 | 58 | 23.6% | -3.4% | -17.2% |
| Jan 2026 | Ongoing | 8+ | 16.8% | Ongoing | -13.5% |
| Average | 19 | — | +17.9% | — |
Frequently Asked Questions
Is DHR below its 200-week moving average?
Yes. As of 2026-03-20, Danaher Corporation (DHR) is trading 15.8% below its 200-week moving average of $224.97. The current price is $189.35.
What is DHR's 200-week moving average price?
Danaher Corporation's 200-week moving average is $224.97 as of 2026-03-20. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when DHR drops below its 200-week moving average?
DHR has crossed below its 200-week moving average 15 times in our data. On average, buying at that moment produced a one-year return of +17.9%. These dips have historically been decent entry points. These episodes lasted 19 weeks on average.
Is DHR a good value right now?
Here's what our data says about DHR as of 2026-03-20: The stock is below its 200-week moving average, which is the starting point for our analysis. The 14-week RSI is 24 (oversold). Free cash flow yield is 3.4%. Return on equity is 7.1%. Price-to-book is 2.5x. This is not a buy or sell recommendation — always do your own research.
How does DHR compare to the S&P 500?
Over the past 33.2 years, $100 invested in DHR would have grown to $28145, compared to $2683 for the S&P 500. That's 18.5% annualized vs 10.4% for the index. DHR has outperformed the broader market over this period.
Does DHR pay a dividend?
Yes. Danaher Corporation currently pays a dividend yield of 84.00%.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-03-20