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Intuitive Surgical, Inc.

ISRG Healthcare Medical Instruments & Supplies

Intuitive Surgical, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $10.1 billion, up 20.5% from fiscal 2024. In the quarter to June 2026, revenue grew 18.5%, EPS grew 25.5% and free cash flow grew 69.3%, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; revenue growth for five consecutive years, operating cash flow growth for three.

426.70 1.16 −0.27%
Market cap
$151.2B
P/E
48.3×
Fwd P/E
46.4×
Dividend yield
—
F-score
7/9
Altman Z
50.09
Beneish M
−2.43
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Intuitive Surgical, Inc. (ISRG) P/B ratio

Alert me on P/B ratio

As of 16 October 2026, Intuitive Surgical, Inc. (ISRG) trades at a P/B ratio of 8.3×. Over the past ten years it has ranged from 4.1× (October 2015) to 13.1× (January 2025); the current reading is higher than 42% of that period. That is above the Medical Instruments & Supplies industry median of 2.5× and above the Healthcare sector median of 2.3×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 11.3× 0.44%
FY2024 11.2× 29.27%
FY2023 8.7× 2.05%
FY2022 8.5× (20.58%)
FY2021 10.7× 9.12%
FY2020 9.8× 19.15%
FY2019 8.2× 1.13%
FY2018 8.1× (7.13%)
FY2017 8.8× 106.10%
FY2016 4.3× (9.30%)

Quarterly newest first

Period P/B ratio Change
Jun 2026 7.7× (17.22%)
Mar 2026 9.3× (17.48%)
Dec 2025 11.3× 20.39%
Sep 2025 9.4× (13.76%)
42 more quarters

Against its own ten years

Low 4.1× High 13.1×
Ten-year median 8.6×
Current reading's percentile 37

P/B ratio against peers

Company P/B ratio
ALC Alcon compare 1.5×
MDLN Medline Inc. compare 1.6×
BAX Baxter International Inc. compare 2.1×
BDX Becton, Dickinson and Company compare 2.2×
SOLV Solventum Corporation compare 3.1×
RGEN Repligen Corporation compare 4.7×
RMD ResMed Inc. compare 5.3×
ISRG Intuitive Surgical, Inc. 8.3×
WST West Pharmaceutical Services, Inc. compare 9.1×
Medical Instruments & Supplies industry median 2.5×
Healthcare sector median 2.3×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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