US · USD

ISRG

Intuitive Surgical Inc

$406.63-1.35% (-$5.55)
Day's range
$405.51 – $410.74
Day's volume
$665.1M
52-week range
$332.02 – $592.85

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ISRG in numbers

Market cap
$143.7B
P/E
45.77
P/B
7.91
Dividend yield (12m)
0.00%

ISRG trades at 45.77 times its earnings of the last 12 months.

ISRG price history

10/01/202509/30/2026
Compare with

ISRG risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return-10.67%+36.69%+20.56%
Volatility (annualized)31.68%29.26%35.26%
Largest drawdown-38.39%-38.39%-48.10%
Positive months4/1218/3629/60

How much did investing in ISRG return?

$1,000.00 invested on 09/01/2021 would be worth $1,205.61 today.

Value today in ISRG
$1,205.61
Return over the period
+20.56%
Return per year
+3.81%
In the S&P 500
$1,788.52

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

ISRG fundamentals

Valuation

  • P/E
    45.77
  • P/B
    7.91
  • EV/EBITDA
    —
  • EV/EBIT
    41.62
  • EV/Revenue
    13.02
  • P/EBIT
    41.62
  • P/S
    13.02
  • P/OCF
    38.76
  • P/FCF
    —
  • Earnings yield
    2.40%
  • PEG ratio
    —
  • Earnings per share
    $8.88
  • Book value per share
    $51.43

Debt

  • Net debt
    —
  • Net debt/EBITDA
    —
  • Net debt/Equity
    —
  • Debt/Equity
    —
  • Current ratio
    4.96
  • Quick ratio
    3.91
  • Cash ratio
    2.71

Efficiency

  • Gross margin
    66.68%
  • EBITDA margin
    —
  • Operating margin
    31.28%
  • Net margin
    28.45%
  • Asset turnover
    0.53

Profitability

  • ROE
    17.28%
  • ROA
    15.04%
  • ROIC
    15.76%
  • Payout
    0.00%

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 $406.63.

Graham's fair price
$101.39
75.06% below the price

√(22.50 × $8.88 × $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 stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.

Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.

ISRG's indicators by year

Multiples at each year's closing price; margins and returns from that year's statements.

Indicator20252024202320222021202020192018
P/E70.4280.1566.1170.3175.4190.8049.7148.61
P/B11.2811.338.938.4210.809.908.308.21
Earnings per share$8.04$6.51$5.10$3.77$4.76$9.01$11.89$9.85
Book value per share$50.19$46.08$37.77$31.51$33.27$82.67$71.25$58.34
ROE16.02%14.13%13.51%11.98%14.32%10.90%16.69%16.89%
ROIC14.36%12.50%12.32%11.95%13.99%9.53%15.30%15.79%
Gross margin66.00%67.46%66.39%67.44%69.32%65.65%69.45%69.92%
Net margin28.38%27.81%25.24%21.25%29.85%24.33%30.80%30.29%

ISRG's financial statements

Line202520242023202220212020
Net revenue$10.1B$8.4B$7.1B$6.2B$5.7B$4.4B
Cost of revenue-$3.4B-$2.7B-$2.4B-$2B-$1.8B-$1.5B
Gross profit$6.6B$5.6B$4.7B$4.2B$4B$2.9B
EBITDA——————
EBIT$2.9B$2.3B$1.8B$1.6B$1.8B$1B
Financial result$365.9M$324.9M$192.1M$29.7M$69.3M$157.2M
Income before tax$3.3B$2.7B$2B$1.6B$1.9B$1.2B
Income tax-$434.8M-$336.3M-$141.6M-$262.4M-$162.2M-$140.2M
Net income$2.9B$2.3B$1.8B$1.3B$1.7B$1.1B

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 $406.63 (-1.35% on the day), last traded on 09/30/2026.

What are the P/E and P/B of ISRG?

ISRG trades at a P/E of 45.77 and a P/B of 7.91.

How much did ISRG return in 12 months?

ISRG returned -10.67% in 12 months, with annualized volatility of 31.68% and a largest drawdown of -38.39%.