Intuitive Surgical, Inc. Ratios | P/E, ROE & Valuation

On the Key Ratios page for Intuitive Surgical, Inc. (ISRG), the latest P/E of 39.0 frames valuation, while ROE 17.80% and ROIC 15.52% indicates profitability and capital efficiency. Together with the current ratio of 18.62 and debt-to-equity 0.00, these signals help you judge whether valuation is supported by fundamentals across the historical rows.

Financial Performance Ratios

ISRG Historical Per Share Metrics

10 years
Metric (FY)TTM202420232022202120202019201820172016
Revenue per Share$31.13$23.51$20.29$17.49$16.04$12.42$12.94$10.92$9.34$7.85
Net Income per Share$8.85$6.54$5.12$3.72$4.79$3.02$3.98$3.31$1.97$2.13
Operating Cash Flow per Share$9.48$6.80$5.16$4.19$5.87$4.23$4.62$3.43$3.41$3.03
Free Cash Flow per Share$8.00$3.67$2.13$2.69$4.87$3.26$3.39$2.88$2.84$2.87
Cash per Share$24.33$11.30$14.87$11.59$11.88$14.73$9.31$20.64$15.40$18.44
Book Value per Share$51.62$46.54$38.15$31.24$33.56$27.80$23.93$19.61$14.11$16.76
Tangible Book Value per Share$49.98$45.49$37.04$30.12$32.40$26.62$22.72$18.70$13.43$16.09
Interest Debt per Share$0.00$0.41$0.00$0.00$0.24$0.00$0.22$0.00$0.00$0.00
CAPEX per Share$1.49$3.13$3.03$1.50$0.99$0.97$1.23$0.55$0.57$0.16

ISRG Historical Valuation Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Price to Earnings (P/E)39.0379.8265.971.3875.0690.2549.4648.2861.7733
Price to Book (P/B)6.6911.288.98.5510.719.818.238.148.624.2
Price to Sales (P/S)11.0922.216.6315.1722.4121.9615.2314.6213.038.98
Enterprise Value to EBITDA25.2365.2953.3647.7759.4770.9642.5537.5331.8818.51
EV to Sales10.321.9716.2414.9122.221.5914.9913.3211.87.19
EV to Operating Cash Flow33.8375.9963.8162.2560.6663.374242.4232.2718.65
EV to Free Cash Flow40.12140.76154.3996.8373.0182.357.2550.5238.7319.67
Enterprise Value$113.71B$183.52B$115.73B$92.80B$126.74B$94.10B$67.13B$49.62B$36.92B$19.45B

ISRG Historical Profitability Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Return on Equity (ROE)17.80%14.13%13.51%11.98%14.26%10.87%16.65%16.87%13.96%12.74%
Return on Invested Capital (ROIC)15.52%11.99%11.89%11.42%13.42%9.09%14.53%12.11%13.43%12.27%
Return on Tangible Assets15.47%12.58%11.94%10.51%12.97%9.86%14.81%14.96%11.93%11.77%
Earnings Yield2.56%1.25%1.52%1.40%1.33%1.11%2.02%2.07%1.62%3.03%
Free Cash Flow Yield2.32%0.70%0.63%1.02%1.36%1.19%1.72%1.80%2.34%4.07%
Dividend Yield0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

ISRG Historical Liquidity & Financial Strength

10 years
Metric (FY)TTM202420232022202120202019201820172016
Current Ratio18.624.074.764.45.086.864.535.484.557.69
Interest Coverage0000000000
Income Quality1.121.0311.111.211.391.161.041.731.42
Debt to Equity00.01000.0100.01000
Debt to Assets0.00%0.78%0.00%0.00%0.64%0.00%0.78%0.00%0.00%0.00%
Net Debt to EBITDA-1.91-0.67-1.27-0.81-0.56-1.22-0.69-3.66-3.32-4.6

ISRG Historical Efficiency Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Receivables Turnover6.596.165.625.86.3966.325.466.166.29
Payables Turnover014.0512.6913.7814.4518.3511.0811.1211.3311.89
Inventory Turnover1.811.831.962.272.982.492.32.743.884.47
Days Sales Outstanding55.3559.2964.9462.9657.0860.8557.7366.8759.2558.06
Days Payables Outstanding025.9728.7626.4825.2619.8932.9432.8132.2130.7
Days of Inventory on Hand201.39199.72186.05160.9122.34146.64158.85133.2894.1881.71

ISRG Historical Market Metrics

10 years
Metric (FY)TTM202420232022202120202019201820172016
Enterprise Value to EBITDA25.2365.2953.3647.7759.4770.9642.5537.5331.8818.51
Market Cap$122.33B$185.40B$118.48B$94.38B$127.95B$95.72B$68.22B$54.45B$40.76B$24.29B
Enterprise Value$113.71B$183.52B$115.73B$92.80B$126.74B$94.10B$67.13B$49.62B$36.92B$19.45B
Dividend Yield0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Payout Ratio0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

Is Intuitive Surgical, Inc. stock overvalued based on its P/E ratio?

On this page, ISRG's current P/E is 39.0, compared with a multi-year average around 61.4. A lower P/E versus its own history is often interpreted as relatively cheaper valuation (all else equal). In practice, the "why" matters: check whether the lower multiple is supported by profitability and earnings quality (for example, ROE/ROIC and income quality in the table), or whether it reflects weaker fundamentals.

What is Intuitive Surgical, Inc. market cap?

Market cap is the market value of a company's equity and is commonly calculated as share price multiplied by shares outstanding. The latest market cap shown in the table is $122.33B. Pair market cap with valuation multiples (P/E, P/B, P/S) so you can evaluate whether size also corresponds with "quality" and profitability. For a wider view across stocks, you can also use the stock screener.

What is a good P/E ratio for Intuitive Surgical, Inc. compared to its industry?

There isn't one universal "good" P/E - P/E should be judged against the business model and expected growth for its sector. A practical approach is: (1) compare the P/E on this page to Intuitive Surgical, Inc.'s own historical range (shown across the table's rows), and (2) benchmark against peer companies using the Screener's P/E filters and the Peers Comparison/Compare tools. If profitability (ROE/ROIC) and cash-flow strength are improving, a higher P/E can be more defensible; if returns are slipping, even a lower P/E may be a value trap.

How does Intuitive Surgical, Inc. compare to its competitors in key financial ratios?

The fastest way to compare Intuitive Surgical, Inc. with competitors is to use the built-in "Peers Comparison" section on this page and the Compare tool. Focus on a small set of ratios that work together: P/E for valuation, ROE/ROIC for profitability and capital efficiency, current ratio and interest coverage for liquidity and solvency, and debt-to-equity for leverage risk. When you see Intuitive Surgical, Inc. outperform peers on profitability while keeping valuation and leverage reasonable, it often signals stronger fundamentals.

Is Intuitive Surgical, Inc. financially strong based on its ratios?

To assess whether Intuitive Surgical, Inc. is financially strong, review both profitability and balance-sheet risk together. Current ratio is about 18.62, which is above 1.0 and can indicate more comfortable short-term liquidity. Interest coverage is about 0.00, implying less buffer for servicing interest costs. Debt-to-equity is about 0.00, suggesting leverage is more moderate relative to a high-debt profile. Then confirm the same story is supported by ROE/ROIC (quality of earnings) and by cash-flow backed metrics in the table.

What do Intuitive Surgical, Inc.'s financial ratios say about its future growth?

Ratios are a way to see what the business is likely to sustain. Look for upward trends in profitability metrics (ROE and ROIC), improving earnings/cash-flow backed measures, and stable or strengthening liquidity. If Intuitive Surgical, Inc. is sustaining strong returns (for example ROE at 17.80% and ROIC at 15.52%) while debt levels and interest coverage remain manageable, growth expectations may be more credible. If valuation multiples expand while returns weaken, the market may be pricing optimistic growth ahead of results.