Question 1

What is Stryker's EV/EBITDA ratio?

Accepted Answer

Stryker (SYK) EV/EBITDA ratio is 22.4× as of June 5, 2026. The ratio is calculated by dividing enterprise value by trailing twelve-month EBITDA, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the EV/EBITDA ratio calculated?

Accepted Answer

EV/EBITDA = Enterprise Value ÷ Trailing Twelve-Month (TTM) EBITDA, where Enterprise Value = Market Capitalisation + Total Debt − Cash & Short-Term Investments. 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 EV/EBITDA ratio?

Accepted Answer

The EV/EBITDA ratio (the enterprise multiple) compares enterprise value (EV) to trailing twelve-month (TTM) EBITDA. EV is calculated as market capitalisation + total debt − cash & short-term investments. Because EV/EBITDA is capital-structure-neutral and ignores non-cash depreciation and amortisation, it is the standard multiple used in M&A and for cross-company or cross-border comparisons. Note: this calculation uses a simplified EV (minority interest and preferred equity excluded due to data availability), consistent with most public financial-data providers.

Question 4

What is a good EV/EBITDA ratio for Stryker?

Accepted Answer

Mature, cash-generative businesses commonly trade in the 8–12× EV/EBITDA range; higher-growth, asset-light companies often trade at 15–25×+. EV/EBITDA is most useful for comparing companies with different capital structures (debt levels) or tax regimes. For Stryker specifically, the relevant sector benchmark is the current sector median of 15.0×.

Question 5

Is Stryker's EV/EBITDA ratio high or low?

Accepted Answer

Stryker's EV/EBITDA ratio of 22.4× is below its own 5-year average of 29.5× and above the sector median of 15.0×. That places the current reading at the 1th 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 Stryker's historical EV/EBITDA ratio range?

Accepted Answer

In the available daily series, Stryker (SYK) EV/EBITDA ratio has ranged from a low of 6.6× in 2009 to a high of 43.4× in 2021. The 5-year average is 29.5× and the 5-year median is 29.8×.

Question 7

What was Stryker's EV/EBITDA ratio in 2025?

Accepted Answer

Stryker (SYK) EV/EBITDA ratio at the end of 2025 was 26.0×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month EBITDA figure available at that date.

Question 8

Why does Stryker's EV/EBITDA ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (enterprise value, which tracks share price plus net debt) and the denominator (EBITDA). 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	$134.44B	$5.58B	26.0×	-6.3×	Dec 31, 2025
2024	$137.18B	$4.54B	32.3×	+5.9×	Dec 31, 2024
2023	$113.79B	$4.70B	26.4×	-1.9×	Dec 31, 2023
2022	$92.54B	$3.68B	28.3×	-2.4×	Dec 31, 2022
2021	$100.90B	$3.60B	30.7×	-6.7×	Dec 31, 2021
2020	$92.11B	$2.77B	37.4×	+11.8×	Dec 31, 2020
2019	$78.60B	$3.34B	25.6×	+4.3×	Dec 31, 2019
2018	$58.67B	$3.04B	21.3×	-2.4×	Dec 31, 2018
2017	$57.97B	$2.63B	23.7×	+5.9×	Dec 31, 2017
2016	$44.87B	$2.72B	17.8×	+5.1×	Dec 31, 2016
2015	$34.79B	$2.67B	12.7×	-0.3×	Dec 31, 2015
2014	$35.70B	$2.60B	13.1×	+1.3×	Dec 31, 2014
2013	$28.43B	$2.30B	11.8×	+2.9×	Dec 31, 2013
2012	$20.85B	$2.06B	8.9×	+1.0×	Dec 31, 2012
2011	$18.94B	$2.20B	7.9×	-0.1×	Dec 31, 2011
2010	$20.94B	$2.20B	8.0×	-1.2×	Dec 31, 2010
2009	$20.01B	$1.86B	9.2×	+1.2×	Dec 31, 2009
2008	$15.85B	$1.73B	7.9×	-6.7×	Dec 31, 2008
2007	$30.74B	$1.94B	14.6×	+2.8×	Dec 31, 2007
2006	$22.52B	$1.79B	11.8×	-2.5×	Dec 31, 2006
2005	$18.03B	$1.20B	14.3×	-5.4×	Dec 31, 2005
2004	$19.44B	$970.10M	19.7×	+0.9×	Dec 31, 2004
2003	$16.99B	$901.00M	18.8×	+0.5×	Dec 31, 2003
2002	$13.31B	$750.80M	18.3×	-0.6×	Dec 31, 2002
2001	$11.50B	$643.80M	18.9×	—	Dec 31, 2001


Gilead Sciences (GILD)	13.9×
Labcorp Holdings (LH)	13.6×
Amgen (AMGN)	13.6×
Charles River (CRL)	13.2×
Regeneron Pharmaceuticals (REGN)	12.9×
GE HealthCare (GEHC)	12.9×
UnitedHealth Group (UNH)	12.7×
Pfizer (PFE)	12.4×
Henry Schein (HSIC)	12.0×
Medtronic (MDT)	11.7×
AptarGroup (ATR)	11.5×
Bristol-Myers Squibb (BMY)	11.5×
Zimmer Biomet Holdings (ZBH)	11.2×
Biogen (BIIB)	10.5×
HCA Healthcare (HCA)	10.0×
Molina Healthcare (MOH)	8.8×
DaVita (DVA)	8.5×
IQVIA (IQV)	8.2×
Incyte (INCY)	7.9×
Cigna (CI)	7.8×
Elevance Health (ELV)	6.8×
Novo Nordisk (NVO)	6.5×
Solventum (SOLV)	5.8×
Universal Health Services (UHS)	5.7×
Humana (HUM)	4.5×

EV/EBITDA for Stryker (SYK)

EV/EBITDA daily chart for Stryker (SYK)

Historical EV/EBITDA for Stryker (SYK) from 2001 to 2025

About EV/EBITDA at Stryker (SYK)

Stryker EV/EBITDA by Year

Stryker EV/EBITDA 2025: 26.0×

Stryker EV/EBITDA 2024: 32.3×

Stryker EV/EBITDA 2023: 26.4×

Stryker EV/EBITDA 2022: 28.3×

Stryker EV/EBITDA 2021: 30.7×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

Stryker (SYK) Key Financials

EV/EBITDA daily chart for Stryker (SYK)

Historical EV/EBITDA for Stryker (SYK) from 2001 to 2025

About EV/EBITDA at Stryker (SYK)

Stryker EV/EBITDA by Year

Stryker EV/EBITDA 2025: 26.0×

Stryker EV/EBITDA 2024: 32.3×

Stryker EV/EBITDA 2023: 26.4×

Stryker EV/EBITDA 2022: 28.3×

Stryker EV/EBITDA 2021: 30.7×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

+What is Stryker's EV/EBITDA ratio?

+How is the EV/EBITDA ratio calculated?

+What is the EV/EBITDA ratio?

+What is a good EV/EBITDA ratio for Stryker?

+Is Stryker's EV/EBITDA ratio high or low?

+What is Stryker's historical EV/EBITDA ratio range?

+What was Stryker's EV/EBITDA ratio in 2025?

+Why does Stryker's EV/EBITDA ratio change over time?

Stryker (SYK) Key Financials