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SYK (Stryker) Cyclically Adjusted PB Ratio : 9.20 (As of May. 29, 2025)


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What is Stryker Cyclically Adjusted PB Ratio?

As of today (2025-05-29), Stryker's current share price is $380.39. Stryker's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $41.33. Stryker's Cyclically Adjusted PB Ratio for today is 9.20.

The historical rank and industry rank for Stryker's Cyclically Adjusted PB Ratio or its related term are showing as below:

SYK' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.65   Med: 7.55   Max: 9.92
Current: 9.29

During the past years, Stryker's highest Cyclically Adjusted PB Ratio was 9.92. The lowest was 4.65. And the median was 7.55.

SYK's Cyclically Adjusted PB Ratio is ranked worse than
92.34% of 496 companies
in the Medical Devices & Instruments industry
Industry Median: 1.815 vs SYK: 9.29

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Stryker's adjusted book value per share data for the three months ended in Mar. 2025 was $54.767. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is $41.33 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Stryker Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Stryker's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Stryker Cyclically Adjusted PB Ratio Chart

Stryker Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.94 8.70 7.16 8.10 8.96

Stryker Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.39 8.76 9.14 8.96 9.01

Competitive Comparison of Stryker's Cyclically Adjusted PB Ratio

For the Medical Devices subindustry, Stryker's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Stryker's Cyclically Adjusted PB Ratio Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Stryker's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Stryker's Cyclically Adjusted PB Ratio falls into.


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Stryker Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Stryker's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=380.39/41.33
=9.20

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Stryker's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Stryker's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=54.767/134.9266*134.9266
=54.767

Current CPI (Mar. 2025) = 134.9266.

Stryker Quarterly Data

Book Value per Share CPI Adj_Book
201506 22.586 100.684 30.268
201509 22.593 100.392 30.365
201512 22.818 99.792 30.852
201603 23.552 100.470 31.629
201606 24.307 101.688 32.252
201609 24.922 101.861 33.012
201612 25.467 101.863 33.733
201703 25.963 102.862 34.056
201706 26.827 103.349 35.024
201709 27.857 104.136 36.094
201712 26.619 104.011 34.531
201803 24.655 105.290 31.595
201806 25.295 106.317 32.102
201809 26.350 106.507 33.381
201812 31.330 105.998 39.881
201903 31.281 107.251 39.353
201906 31.924 108.070 39.858
201909 32.896 108.329 40.973
201912 34.198 108.420 42.559
202003 34.938 108.902 43.287
202006 33.956 108.767 42.123
202009 34.556 109.815 42.458
202012 34.789 109.897 42.712
202103 35.838 111.754 43.269
202106 36.648 114.631 43.136
202109 37.584 115.734 43.817
202112 39.409 117.630 45.204
202203 39.788 121.301 44.257
202206 41.430 125.017 44.714
202209 43.503 125.227 46.873
202212 43.876 125.222 47.276
202303 44.506 127.348 47.155
202306 45.714 128.729 47.915
202309 47.131 129.860 48.970
202312 48.916 129.419 50.998
202403 50.327 131.776 51.530
202406 51.859 132.554 52.787
202409 52.855 133.029 53.609
202412 54.101 133.157 54.820
202503 54.767 134.927 54.767

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Stryker  (NYSE:SYK) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Stryker Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Stryker's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Stryker Business Description

Address
1941 Stryker Way, Portage, MI, USA, 49002
Stryker designs, manufactures, and markets an array of medical equipment, instruments, consumable supplies, and implantable devices. The product portfolio includes hip and knee replacements, extremities, endoscopy systems, operating room equipment, embolic coils, hospital beds and gurneys, and orthopedic robotics. Stryker remains one of the three largest competitors in reconstructive orthopedic implants and holds the leadership position in operating room equipment. Roughly one fourth of Stryker's total revenue currently comes from outside the United States.
Executives
Allan C. Golston director 2825 AIRVIEW BLVD., KALAMAZOO MI 49002
Ronda E Stryker director 2825 AIRVIEW BLVD, KALAMAZOO MI 49002
Spencer S Stiles officer: Group President 2825 AIRVIEW BLVD, KALAMAZOO MI 49002
Kevin Lobo officer: Group Pres., Neurotech & Spine STRYKER, 2825 AIRVIEW BOULEVARD, KALAMAZOO MI 49002
M Kathryn Fink officer: VP, Global Human Resources 2825 AIRVIEW BLVD, KALAMAZOO MI 49002
Viju Menon officer: Group President 2825 AIRVIEW BLVD, KALAMAZOO MI 49002
Glenn S Boehnlein officer: Vice President, CFO 2825 AIRVIEW BLVD, KALAMAZOO MI 49002
Robert S Fletcher officer: VP, Chief Legal Officer 2825 AIRVIEW BOULEVARD, KALAMAZOO MI 49002
Berry William E Jr officer: Vice President, Controller 2825 AIRVIEW BLVD, KALAMAZOO MI 49002
Srikant Datar director ICF INTERNATIONAL, INC., 9300 LEE HIGHWAY, FAIRFAX VA 22031
James Andrew Pierce officer: Group President 2825 AIRVIEW BLVD, KALAMAZOO MI 49002
Giovanni Caforio director BRISTOL-MYERS SQUIBB COMPANY, ROUTE 206 & PROVINCELINE ROAD, LAWRENCEVILLE NJ 08543
Timothy J Scannell officer: Group President 2825 AIRVIEW BOULEVARD, KALAMAZOO MI 49002
Roch Doliveux director 2825 AIRVIEW BOULEVARD, KALAMAZOO MI 49002
Katherine Ann Owen officer: VP 2825 AIRVIEW BLVD., KALAMAZOO MI 49002