Zimmer Biomet Holdings, Inc.

ZBH Healthcare Medical Devices

Zimmer Biomet Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $8.2 billion, up 7.20% from fiscal 2024.

Revenue
+3.07%
EPS
−13.5%
Free cash flow
+29.8%
Total debt
−7.50%

Quarter to September 2026, against a year earlier

106.71 0.14 −0.13%
Market cap
$20.4B
P/E
26.9×
Fwd P/E
18.9×
Dividend yield
0.90%
F-score
6/9
Altman Z
2.38
Beneish M
−2.59
Dividend safety
72/100

Zimmer Biomet Holdings, Inc. (ZBH) P/E ratio

Alert me on P/E ratio

As of 5 November 2026, Zimmer Biomet Holdings, Inc. (ZBH) trades at a P/E ratio of 26.9×. Over the past ten years it has ranged from 0.0× (March 2021) to 716× (September 2020); the current reading is higher than 47% of that period. That is above the Medical Devices industry median of 25.6× and above the Healthcare sector median of 25.2×.

P/E ratio, daily

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Annual newest first

Period P/E ratio Change
FY2025 25.2× 6.11%
FY2024 23.7× (3.99%)
FY2023 24.7× (78.63%)
FY2022 116× 79.20%
FY2021 64.6× —
FY2020 0.0× —
FY2019 26.6× —
FY2018 0.0× —
FY2017 13.4× (80.34%)
FY2016 68.0× (37.90%)

Quarterly newest first

Period P/E ratio Change
Sep 2026 22.4× 7.27%
Jun 2026 20.8× (10.78%)
Mar 2026 23.4× (7.24%)
Dec 2025 25.2× 3.82%
43 more quarters

Against its own ten years

Low 0.0× High 716×
Ten-year median 27.9×
Current reading's percentile 42

P/E ratio against peers

Company P/E ratio
GKOS Glaukos Corporation compare n/m
GMED Globus Medical, Inc. compare 19.5×
PODD Insulet Corporation compare 25.2×
PHG Koninklijke Philips N.V. compare 25.8×
ZBH Zimmer Biomet Holdings, Inc. 26.9×
STE STERIS plc compare 30.0×
DXCM DexCom, Inc. compare 32.6×
SNN Smith & Nephew SNATS, Inc. compare 38.9×
PEN Penumbra, Inc. compare 80.3×
Medical Devices industry median 25.6×
Healthcare sector median 25.2×
Market median 17.9×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

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