Question 1

What is Zimmer Biomet Holdings's P/S ratio?

Accepted Answer

Zimmer Biomet Holdings (ZBH) P/S ratio is 2.0× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month revenue, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/S ratio calculated?

Accepted Answer

P/S = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Revenue, or equivalently Share Price ÷ TTM Revenue Per Share. 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/S ratio?

Accepted Answer

The price-to-sales (P/S) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) revenue. It is calculated as market cap ÷ TTM revenue (equivalent to share price ÷ TTM revenue per share). Because the denominator (revenue) cannot be negative, P/S is widely used to value unprofitable or pre-profit companies and to make cross-sector comparisons.

Question 4

What is a good P/S ratio for Zimmer Biomet Holdings?

Accepted Answer

A "good" P/S depends heavily on profit margin and growth: software and other high-margin businesses often command 5–15× sales, while low-margin retailers and commodity producers typically trade below 1×. Compare against sector peers rather than absolute thresholds. For Zimmer Biomet Holdings specifically, the relevant sector benchmark is the current sector median of 3.5×.

Question 5

Is Zimmer Biomet Holdings's P/S ratio high or low?

Accepted Answer

Zimmer Biomet Holdings's P/S ratio of 2.0× is below its own 5-year average of 3.2× and below the sector median of 3.5×. That places the current reading at the 2th 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 Zimmer Biomet Holdings's historical P/S ratio range?

Accepted Answer

In the available daily series, Zimmer Biomet Holdings (ZBH) P/S ratio has ranged from a low of 1.9× in 2026 to a high of 8.7× in 2003. The 5-year average is 3.2× and the 5-year median is 3.1×.

Question 7

What was Zimmer Biomet Holdings's P/S ratio in 2025?

Accepted Answer

Zimmer Biomet Holdings (ZBH) P/S ratio at the end of 2025 was 2.2×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month revenue figure available at that date.

Question 8

Why does Zimmer Biomet Holdings's P/S ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (revenue). 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	$17.73B	$8.23B	2.2×	-0.6×	Dec 31, 2025
2024	$21.03B	$7.68B	2.7×	-0.7×	Dec 31, 2024
2023	$25.30B	$7.39B	3.4×	-0.4×	Dec 31, 2023
2022	$26.75B	$6.94B	3.9×	+0.2×	Dec 31, 2022
2021	$25.74B	$7.09B	3.6×	-0.8×	Dec 31, 2021
2020	$31.00B	$7.02B	4.4×	+0.7×	Dec 31, 2020
2019	$29.88B	$7.98B	3.7×	+1.2×	Dec 31, 2019
2018	$20.57B	$7.93B	2.6×	-0.4×	Dec 31, 2018
2017	$23.70B	$7.81B	3.0×	+0.4×	Dec 31, 2017
2016	$20.06B	$7.68B	2.6×	-0.7×	Dec 31, 2016
2015	$19.91B	$6.00B	3.3×	-0.7×	Dec 31, 2015
2014	$18.71B	$4.67B	4.0×	+0.7×	Dec 31, 2014
2013	$15.43B	$4.62B	3.3×	+0.9×	Dec 31, 2013
2012	$10.91B	$4.47B	2.4×	+0.4×	Dec 31, 2012
2011	$9.19B	$4.45B	2.1×	-0.3×	Dec 31, 2011
2010	$10.03B	$4.22B	2.4×	-0.5×	Dec 31, 2010
2009	$11.64B	$4.10B	2.8×	+0.7×	Dec 31, 2009
2008	$8.69B	$4.12B	2.1×	-1.7×	Dec 31, 2008
2007	$14.92B	$3.90B	3.8×	-1.3×	Dec 31, 2007
2006	$18.01B	$3.50B	5.2×	+0.2×	Dec 31, 2006
2005	$16.21B	$3.29B	4.9×	-1.5×	Dec 31, 2005
2004	$19.13B	$2.98B	6.4×	-2.3×	Dec 31, 2004
2003	$16.59B	$1.90B	8.7×	+3.0×	Dec 31, 2003
2002	$7.88B	$1.37B	5.7×	+0.9×	Dec 31, 2002
2001	$5.75B	$1.18B	4.9×	—	Dec 31, 2001


Pfizer (PFE)	2.5×
AptarGroup (ATR)	2.1×
Becton, Dickinson and (BDX)	2.1×
Charles River (CRL)	1.9×
Quest Diagnostics (DGX)	1.9×
IQVIA (IQV)	1.7×
GE HealthCare (GEHC)	1.6×
Labcorp Holdings (LH)	1.6×
HCA Healthcare (HCA)	1.4×
Solventum (SOLV)	1.4×
Viatris (VTRS)	1.1×
Baxter International (BAX)	0.8×
DaVita (DVA)	0.7×
Henry Schein (HSIC)	0.6×
Universal Health Services (UHS)	0.6×
UnitedHealth Group (UNH)	0.5×
Elevance Health (ELV)	0.3×
McKesson (MCK)	0.3×
Cigna (CI)	0.3×
CVS Health (CVS)	0.2×
Cardinal Health (CAH)	0.2×
Cencora (COR)	0.2×
Humana (HUM)	0.2×
Molina Healthcare (MOH)	0.2×
Centene (CNC)	0.1×

P/S Ratio for Zimmer Biomet Holdings (ZBH)

P/S Ratio daily chart for Zimmer Biomet Holdings (ZBH)

Historical P/S Ratio for Zimmer Biomet Holdings (ZBH) from 2001 to 2025

About P/S Ratio at Zimmer Biomet Holdings (ZBH)

Zimmer Biomet Holdings P/S Ratio by Year

Zimmer Biomet Holdings P/S Ratio 2025: 2.2×

Zimmer Biomet Holdings P/S Ratio 2024: 2.7×

Zimmer Biomet Holdings P/S Ratio 2023: 3.4×

Zimmer Biomet Holdings P/S Ratio 2022: 3.9×

Zimmer Biomet Holdings P/S Ratio 2021: 3.6×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

Zimmer Biomet Holdings (ZBH) Key Financials

P/S Ratio daily chart for Zimmer Biomet Holdings (ZBH)

Historical P/S Ratio for Zimmer Biomet Holdings (ZBH) from 2001 to 2025

About P/S Ratio at Zimmer Biomet Holdings (ZBH)

Zimmer Biomet Holdings P/S Ratio by Year

Zimmer Biomet Holdings P/S Ratio 2025: 2.2×

Zimmer Biomet Holdings P/S Ratio 2024: 2.7×

Zimmer Biomet Holdings P/S Ratio 2023: 3.4×

Zimmer Biomet Holdings P/S Ratio 2022: 3.9×

Zimmer Biomet Holdings P/S Ratio 2021: 3.6×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

+What is Zimmer Biomet Holdings's P/S ratio?

+How is the P/S ratio calculated?

+What is the P/S ratio?

+What is a good P/S ratio for Zimmer Biomet Holdings?

+Is Zimmer Biomet Holdings's P/S ratio high or low?

+What is Zimmer Biomet Holdings's historical P/S ratio range?

+What was Zimmer Biomet Holdings's P/S ratio in 2025?

+Why does Zimmer Biomet Holdings's P/S ratio change over time?

Zimmer Biomet Holdings (ZBH) Key Financials