US · USD
ISRG
Intuitive Surgical Inc
- Day's range
- US$405.51 – US$410.74
- Day's volume
- US$656.3m
- 52-week range
- US$332.02 – US$592.85
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Create a free accountISRG in numbers
- Market cap
- US$143.7bn
- P/E
- 45.16
- P/B
- 7.80
- Dividend yield (12m)
- 0.00%
ISRG trades at 45.16 times its earnings of the last 12 months.
ISRG price history
ISRG risk and return
Monthly closes adjusted for splits and distributions.
| Metric | 12 months | 36 months | 60 months |
|---|---|---|---|
| Return | -10.67% | +36.69% | +20.56% |
| Volatility (annualised) | 31.68% | 29.26% | 35.26% |
| Largest drawdown | -38.39% | -38.39% | -48.10% |
| Positive months | 4/12 | 18/36 | 29/60 |
How much did investing in ISRG return?
US$1,000.00 invested on 01/10/2021 would be worth US$1,111.07 today.
- Value today in ISRG
- US$1,111.07
- Return over the period
- +11.11%
- Return per year
- +2.13%
- In the S&P 500
- US$1,664.67
With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.
ISRG fundamentals
Valuation
- P/E45.16
- P/B7.80
- EV/EBITDA—
- EV/EBIT41.62
- EV/Revenue13.02
- P/EBIT41.62
- P/S13.02
- P/OCF38.76
- P/FCF—
- Earnings yield2.40%
- PEG ratio—
- Earnings per shareUS$8.88
- Book value per shareUS$51.43
Debt
- Net debt—
- Net debt/EBITDA—
- Net debt/Equity—
- Debt/Equity—
- Current ratio4.96
- Quick ratio3.91
- Cash ratio2.71
Efficiency
- Gross margin66.68%
- EBITDA margin—
- Operating margin31.28%
- Net margin28.45%
- Asset turnover0.53
Profitability
- ROE17.28%
- ROA15.04%
- ROIC15.76%
- Payout0.00%
Growth
- Revenue CAGR (5 years)16.40%
- Earnings CAGR (5 years)14.11%
- Revenue growth (year)—
- Earnings growth (year)—
- Revenue growth (quarter)—
- Earnings growth (quarter)—
What is ISRG's fair price?
Two classic value formulas, with today's numbers. The current price is US$401.24.
- Graham's fair price
- US$101.39
- 74.73% below the price
√(22.50 × US$8.88 × US$51.43)
Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.
- Bazin's ceiling price
- —
- Does not apply to ISRG: it paid no distributions in the last five years.
Décio Bazin only bought shares yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years divided by 6%.
Graham ignores growth and debt; Bazin assumes past distributions will repeat. They are reference points for comparison, not a buy recommendation.
ISRG indicators by year
Multiples at each year's closing price; margins and returns from that year's accounts.
| Indicator | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| P/E | 70.42 | 80.15 | 66.11 | 70.31 | 75.41 | 90.80 | 49.71 | 48.61 |
| P/B | 11.28 | 11.33 | 8.93 | 8.42 | 10.80 | 9.90 | 8.30 | 8.21 |
| Earnings per share | US$8.04 | US$6.51 | US$5.10 | US$3.77 | US$4.76 | US$9.01 | US$11.89 | US$9.85 |
| Book value per share | US$50.19 | US$46.08 | US$37.77 | US$31.51 | US$33.27 | US$82.67 | US$71.25 | US$58.34 |
| ROE | 16.02% | 14.13% | 13.51% | 11.98% | 14.32% | 10.90% | 16.69% | 16.89% |
| ROIC | 14.36% | 12.50% | 12.32% | 11.95% | 13.99% | 9.53% | 15.30% | 15.79% |
| Gross margin | 66.00% | 67.46% | 66.39% | 67.44% | 69.32% | 65.65% | 69.45% | 69.92% |
| Net margin | 28.38% | 27.81% | 25.24% | 21.25% | 29.85% | 24.33% | 30.80% | 30.29% |
ISRG financial statements
| Line | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Net revenue | US$10.1bn | US$8.4bn | US$7.1bn | US$6.2bn | US$5.7bn | US$4.4bn |
| Cost of sales | -US$3.4bn | -US$2.7bn | -US$2.4bn | -US$2bn | -US$1.8bn | -US$1.5bn |
| Gross profit | US$6.6bn | US$5.6bn | US$4.7bn | US$4.2bn | US$4bn | US$2.9bn |
| EBITDA | — | — | — | — | — | — |
| EBIT | US$2.9bn | US$2.3bn | US$1.8bn | US$1.6bn | US$1.8bn | US$1bn |
| Net finance result | US$365.9m | US$324.9m | US$192.1m | US$29.7m | US$69.3m | US$157.2m |
| Profit before tax | US$3.3bn | US$2.7bn | US$2bn | US$1.6bn | US$1.9bn | US$1.2bn |
| Income tax | -US$434.8m | -US$336.3m | -US$141.6m | -US$262.4m | -US$162.2m | -US$140.2m |
| Net income | US$2.9bn | US$2.3bn | US$1.8bn | US$1.3bn | US$1.7bn | US$1.1bn |
Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.
Does ISRG pay dividends?
ISRG has no distributions on record.
About Intuitive Surgical
- Sector
- Manufacturing
Questions about ISRG
How much is ISRG today?
ISRG is at US$401.24 (-2.65% on the day), last traded on 01/10/2026.
What are the P/E and P/B of ISRG?
ISRG trades at a P/E of 45.16 and a P/B of 7.80.
How much did ISRG return in 12 months?
ISRG returned -10.67% in 12 months, with annualised volatility of 31.68% and a largest drawdown of -38.39%.