Question 1

What is Intuitive Surgical's P/E ratio?

Accepted Answer

Intuitive Surgical (ISRG) P/E ratio is 38.9× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for Intuitive Surgical?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For Intuitive Surgical specifically, the relevant sector benchmark is the current sector median of 24.2×.

Question 5

Is Intuitive Surgical's P/E ratio high or low?

Accepted Answer

Intuitive Surgical's P/E ratio of 38.9× is below its own 5-year average of 67.1× and above the sector median of 24.2×. That places the current reading at the 0th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Intuitive Surgical's historical P/E ratio range?

Accepted Answer

In the available daily series, Intuitive Surgical (ISRG) P/E ratio has ranged from a low of 19.8× in 2009 to a high of 120.6× in 2004. The 5-year average is 67.1× and the 5-year median is 70.1×.

Question 7

What was Intuitive Surgical's P/E ratio in 2025?

Accepted Answer

Intuitive Surgical (ISRG) P/E ratio at the end of 2025 was 70.4×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

Why does Intuitive Surgical's P/E ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$201B	$2.86B	70.4×	-9.7×	Dec 31, 2025
2024	$186B	$2.32B	80.1×	+14.0×	Dec 31, 2024
2023	$119B	$1.8B	66.1×	-4.4×	Dec 31, 2023
2022	$93.2B	$1.32B	70.5×	-4.9×	Dec 31, 2022
2021	$128B	$1.7B	75.4×	-15.4×	Dec 31, 2021
2020	$96.2B	$1.06B	90.7×	+41.1×	Dec 31, 2020
2019	$68.5B	$1.38B	49.6×	+1.0×	Dec 31, 2019
2018	$54.9B	$1.13B	48.7×	-13.4×	Dec 31, 2018
2017	$40.9B	$660M	62.0×	+28.6×	Dec 31, 2017
2016	$24.6B	$736M	33.4×	-1.2×	Dec 31, 2016
2015	$20.4B	$589M	34.6×	-11.2×	Dec 31, 2015
2014	$19.2B	$419M	45.8×	+23.6×	Dec 31, 2014
2013	$14.9B	$671M	22.2×	-7.7×	Dec 31, 2013
2012	$19.6B	$657M	29.9×	-6.8×	Dec 31, 2012
2011	$18.2B	$495M	36.7×	+10.3×	Dec 31, 2011
2010	$10.1B	$382M	26.4×	-23.6×	Dec 31, 2010
2009	$11.6B	$233M	50.0×	+25.8×	Dec 31, 2009
2008	$4.94B	$204M	24.2×	-61.6×	Dec 31, 2008
2007	$12.4B	$145M	85.7×	+36.5×	Dec 31, 2007
2006	$3.55B	$72M	49.3×	+4.7×	Dec 31, 2006
2005	$4.2B	$94.1M	44.6×	-13.6×	Dec 31, 2005
2004	$1.37B	$23.5M	58.2×	—	Dec 31, 2004
2003	$569M	-$9.62M	—	—	Dec 31, 2003
2002	$226M	-$18.4M	—	—	Dec 31, 2002


Medtronic (MDT)	22.2×
McKesson (MCK)	22.2×
Illumina (ILMN)	21.7×
ResMed (RMD)	21.6×
GE HealthCare (GEHC)	21.6×
Pfizer (PFE)	21.1×
Quest Diagnostics (DGX)	21.1×
Henry Schein (HSIC)	21.0×
AptarGroup (ATR)	20.9×
IQVIA (IQV)	20.7×
Biogen (BIIB)	19.7×
Zoetis (ZTS)	18.9×
Gilead Sciences (GILD)	18.8×
Humana (HUM)	18.5×
Regeneron Pharmaceuticals (REGN)	18.2×
Bristol-Myers Squibb (BMY)	17.0×
Elevance Health (ELV)	17.0×
HCA Healthcare (HCA)	15.8×
AstraZeneca (AZN)	14.7×
DaVita (DVA)	13.3×
Incyte (INCY)	13.1×
Cigna (CI)	11.1×
Novo Nordisk (NVO)	8.6×
Solventum (SOLV)	7.9×
Universal Health Services (UHS)	7.2×

P/E Ratio for Intuitive Surgical (ISRG) 2004-2026

P/E Ratio daily chart for Intuitive Surgical (ISRG)

Historical P/E Ratio for Intuitive Surgical (ISRG) from 2002 to 2025

About P/E Ratio at Intuitive Surgical (ISRG)

Intuitive Surgical P/E Ratio by Year

Intuitive Surgical P/E Ratio 2025: 70.4×

Intuitive Surgical P/E Ratio 2024: 80.1×

Intuitive Surgical P/E Ratio 2023: 66.1×

Intuitive Surgical P/E Ratio 2022: 70.5×

Intuitive Surgical P/E Ratio 2021: 75.4×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Intuitive Surgical (ISRG) Key Financials