US · USD

ZBH

Zimmer Biomet Holdings Inc

$91.57+3.72% ($3.28)
Day's range
$88.23 – $92.03
Day's volume
$210M
52-week range
$79.16 – $102.88

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ZBH in numbers

Market cap
$17.5B
P/E
21.65
P/B
1.38
Dividend yield (12m)
1.05%
Net debt/EBITDA
3.06

The 12-month dividend yield of ZBH is 1.05%, above its 5-year average of 0.85%.

ZBH price history

10/06/202510/05/2026
Compare with

ZBH risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return-5.10%-19.00%-17.57%
Volatility (annualized)26.85%23.34%23.96%
Largest drawdown-16.14%-36.41%-42.01%
Positive months5/1216/3627/60

How much did investing in ZBH return?

$1,000.00 invested on 11/01/2021 would be worth $824.34 today.

Value today in ZBH
$824.34
Return over the period
-17.57%
Return per year
-3.85%
In the S&P 500
$1,702.20

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

ZBH fundamentals

Valuation

  • P/E
    21.65
  • P/B
    1.38
  • EV/EBITDA
    10.61
  • EV/EBIT
    20.36
  • EV/Revenue
    2.88
  • P/EBIT
    14.49
  • P/S
    2.05
  • P/OCF
    10.02
  • P/FCF
    11.47
  • Earnings yield
    4.91%
  • PEG ratio
    —
  • Earnings per share
    $4.23
  • Book value per share
    $66.18

Debt

  • Net debt
    $7.1B
  • Net debt/EBITDA
    3.06
  • Net debt/Equity
    0.56
  • Debt/Equity
    0.59
  • Current ratio
    1.69
  • Quick ratio
    0.94
  • Cash ratio
    0.14

Efficiency

  • Gross margin
    69.87%
  • EBITDA margin
    27.19%
  • Operating margin
    14.16%
  • Net margin
    9.48%
  • Asset turnover
    0.37

Profitability

  • ROE
    6.39%
  • ROA
    3.54%
  • ROIC
    5.29%
  • Payout
    22.70%

Growth

  • Revenue CAGR (5 years)
    2.89%
  • Earnings CAGR (5 years)
    -2.52%
  • Revenue growth (year)
    —
  • Earnings growth (year)
    —
  • Revenue growth (quarter)
    —
  • Earnings growth (quarter)
    —

What is ZBH's fair price?

Two classic value formulas, with today's numbers. The current price is $91.57.

Graham's fair price
$79.36
13.34% below the price

√(22.50 × $4.23 × $66.18)

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
$15.88
82.65% below the price

$0.95 (5-year average) ÷ 6%

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.

ZBH's indicators by year

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

Indicator20252024202320222021202020192018
P/E24.9523.2724.37115.1566.17-230.5927.30-55.92
P/B1.391.692.002.222.102.632.491.88
EV/EBITDA11.1911.7013.6019.7018.5040.1219.4127.55
Dividend yield1.07%0.91%0.79%0.75%0.76%0.62%0.64%0.93%
Earnings per share$3.60$4.54$4.99$1.11$1.92-$0.67$5.48-$1.85
Book value per share$64.90$62.63$60.86$57.52$60.53$58.67$60.02$55.13
ROE5.55%7.25%8.20%1.93%3.17%-1.14%9.13%-3.36%
ROIC4.75%6.19%6.88%2.90%3.97%0.04%5.56%0.17%
Gross margin69.71%71.46%71.82%70.90%71.29%70.23%72.08%71.36%
EBITDA margin26.63%29.72%30.15%23.38%26.34%16.02%28.49%13.54%
Net margin8.57%11.77%13.85%3.33%5.88%-2.27%16.26%-4.78%
Net debt/EBITDA3.162.492.403.283.727.493.837.82

ZBH's financial statements

Line202520242023202220212020
Net revenue$8.2B$7.7B$7.4B$6.9B$6.8B$6.1B
Cost of revenue-$2.5B-$2.2B-$2.1B-$2B-$2B-$1.8B
Gross profit$5.7B$5.5B$5.3B$4.9B$4.9B$4.3B
EBITDA$2.2B$2.3B$2.2B$1.6B$1.8B$981.5M
EBIT$1.1B$1.3B$1.3B$696.3M$860.3M$83.1M
Financial result——————
Income before tax$830.8M$1B$1.1B$403.5M$499M-$105.2M
Income tax-$125.7M-$131.4M-$42.2M-$112.3M-$53.5M$96M
Net income$705.1M$903.8M$1B$231.4M$401.6M-$138.9M

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does ZBH pay dividends?

Announced payments
TypeLast day to ownPaymentPer share
Dividend09/29/202610/30/2026$0.24

Dividend yield per year

  • 0.80%2017
  • 0.93%2018
  • 0.64%2019
  • 0.62%2020
  • 0.76%2021
  • 0.75%2022
  • 0.79%2023
  • 0.91%2024
  • 1.07%2025
  • 0.79%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend06/24/202607/31/2026$0.24
Dividend03/30/202604/30/2026$0.24
Dividend12/29/202501/30/2026$0.24
Dividend09/29/202510/31/2025$0.24
Dividend06/25/202507/31/2025$0.24
Dividend03/28/202504/30/2025$0.24
Dividend12/27/202401/31/2025$0.24
Dividend09/27/202410/31/2024$0.24
Dividend06/25/202407/31/2024$0.24
Dividend03/26/202404/30/2024$0.24
Dividend12/25/202301/31/2024$0.24
Dividend09/27/202310/31/2023$0.24
See all 39 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend06/22/202307/31/2023$0.24
Dividend03/27/202304/28/2023$0.24
Dividend12/22/202201/31/2023$0.24
Dividend09/28/202210/31/2022$0.24
Dividend06/23/202207/29/2022$0.24
Dividend03/25/202204/29/2022$0.24
Dividend12/24/202101/31/2022$0.23
Dividend09/28/202110/29/2021$0.23
Dividend06/24/202107/30/2021$0.23
Dividend03/25/202104/30/2021$0.23
Dividend12/23/202001/29/2021$0.23
Dividend09/28/202010/30/2020$0.23
Dividend06/25/202007/31/2020$0.23
Dividend03/25/202004/30/2020$0.23
Dividend12/25/201901/31/2020$0.23
Dividend09/26/201910/31/2019$0.23
Dividend06/26/201907/31/2019$0.23
Dividend03/27/201904/30/2019$0.23
Dividend12/26/201801/31/2019$0.23
Dividend09/26/201810/31/2018$0.23
Dividend06/27/201807/31/2018$0.23
Dividend03/27/201804/30/2018$0.23
Dividend12/27/201701/29/2018$0.23
Dividend09/20/201710/27/2017$0.23
Dividend06/20/201707/28/2017$0.23
Dividend03/28/201704/28/2017$0.23
Dividend12/27/201601/27/2017$0.23

About Zimmer Biomet Holdings

Sector
Manufacturing

Questions about ZBH

How much is ZBH today?

ZBH is at $91.57 (3.72% on the day), last traded on 10/05/2026.

How much did ZBH pay in dividends in 2025?

ZBH paid $0.96 per share in 2025, a dividend yield of 1.07%.

When is the next ZBH dividend?

The next announced payment is $0.24 per share on 10/30/2026.

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

ZBH trades at a P/E of 21.65 and a P/B of 1.38.

How much did ZBH return in 12 months?

ZBH returned -5.10% in 12 months, with annualized volatility of 26.85% and a largest drawdown of -16.14%.