Intuitive Surgical (LTS:0R29) Cyclically Adjusted PS Ratio: 18.21 (As of Aug. 01, 2026) — 28% Below Median

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LTS:0R29 Intuitive Surgical Inc LTS:0R29
84 GF Score
Price $354.27
GF Value $617.90
Valuation Significantly Undervalued
! 1 Warning Sign
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What is Intuitive Surgical Cyclically Adjusted PS Ratio?

Intuitive Surgical LTS:0R29 +1.32% 84 Cyclically Adjusted PS Ratio is 18.21 as of Aug. 01, 2026, which is 28% below its 10-year median of 25.31. GuruFocus rates LTS:0R29 with a GF Score™ of 84/100 and a GF Value™ of $617.90 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 520 Medical Devices & Instruments companies, Intuitive Surgical ranks worse than 95.96% on this metric.

As of today (2026-08-01), Intuitive Surgical's current share price is $354.27. Intuitive Surgical's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was $19.46. Intuitive Surgical's Cyclically Adjusted PS Ratio for today is 18.21.

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

LTS:0R29' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 13.75   Med: 25.31   Max: 38.6
Current: 18.3

During the past years, Intuitive Surgical's highest Cyclically Adjusted PS Ratio was 38.60. The lowest was 13.75. And the median was 25.31.

LTS:0R29's Cyclically Adjusted PS Ratio is ranked worse than
95.96% of 520 companies
in the Medical Devices & Instruments industry
Industry Median: 2.26 vs LTS:0R29: 18.30

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Intuitive Surgical's adjusted revenue per share data for the three months ended in Jun. 2026 was $8.095. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is $19.46 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Intuitive Surgical  (LTS:0R29) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Intuitive Surgical Cyclically Adjusted PS Ratio Related Terms


Intuitive Surgical Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Intuitive Surgical's Cyclically Adjusted PS 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.

Intuitive Surgical Cyclically Adjusted PS Ratio Chart

Intuitive Surgical Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 34.73 22.14 24.87 33.82 32.04

Intuitive Surgical Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PS 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 32.70 26.01 32.04 24.86 20.60

LTS:0R29 vs BDX, MDLN, RMD: Cyclically Adjusted PS Ratio Comparison

For the Medical Instruments & Supplies subindustry, Intuitive Surgical's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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.


Intuitive Surgical Cyclically Adjusted PS Ratio vs Medical Devices & Instruments Industry

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

* The bar in red indicates where Intuitive Surgical's Cyclically Adjusted PS Ratio falls into.


LTS:0R29
84GF Score
Intuitive Surgical Inc LTS:0R29
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Intuitive Surgical Cyclically Adjusted PS Ratio Calculation

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

Intuitive Surgical's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=354.27/19.46
=18.21

* 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.

Intuitive Surgical's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Intuitive Surgical's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=8.095/333.9520*333.9520
=8.095

Current CPI (Jun. 2026) = 333.9520.

Intuitive Surgical Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 1.911 241.428 2.643
201612 2.130 241.432 2.946
201703 1.961 243.801 2.686
201706 2.196 244.955 2.994
201709 2.305 246.819 3.119
201712 2.530 246.524 3.427
201803 2.394 249.554 3.204
201806 2.558 251.989 3.390
201809 2.575 252.439 3.406
201812 2.922 251.233 3.884
201903 2.714 254.202 3.565
201906 3.070 256.143 4.003
201909 3.152 256.759 4.100
201912 3.559 256.974 4.625
202003 3.059 258.115 3.958
202006 2.373 257.797 3.074
202009 2.978 260.280 3.821
202012 3.654 260.474 4.685
202103 3.550 264.877 4.476
202106 4.012 271.696 4.931
202109 3.826 274.310 4.658
202112 4.215 278.802 5.049
202203 4.057 287.504 4.712
202206 4.183 296.311 4.714
202209 4.320 296.808 4.861
202212 4.637 296.797 5.217
202303 4.765 301.836 5.272
202306 4.914 305.109 5.379
202309 4.868 307.789 5.282
202312 5.382 306.746 5.859
202403 5.244 312.332 5.607
202406 5.568 314.175 5.918
202409 5.619 315.301 5.951
202412 6.634 315.605 7.020
202503 6.180 319.799 6.454
202506 6.701 322.561 6.938
202509 6.924 324.800 7.119
202512 7.955 324.054 8.198
202603 7.701 330.213 7.788
202606 8.095 333.952 8.095

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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.

What does a Cyclically Adjusted PS Ratio of 18.21 mean?
Intuitive Surgical (LTS:0R29) has a Cyclically Adjusted PS Ratio of 18.21 as of Aug. 01, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Intuitive Surgical and its competitors. This is 28% below median its historical median of 25.31. Over the past decade, Intuitive Surgical's Cyclically Adjusted PS Ratio has ranged from 13.75 to 38.60. According to the industry distribution chart, Intuitive Surgical ranks #499 out of 520 companies in the Medical Devices & Instruments industry, placing it in the top 96%.
Is Intuitive Surgical's Cyclically Adjusted PS Ratio too high?
Intuitive Surgical's current Cyclically Adjusted PS Ratio of 18.21 is 28% below median its 10-year median of 25.31. Over the past 10 years, this metric has ranged from a low of 13.75 to a high of 38.60. The Medical Devices & Instruments industry median Cyclically Adjusted PS Ratio is 2.26. Intuitive Surgical's value of 18.21 is 705.8% above this industry median. Based on the distribution chart, Intuitive Surgical ranks #499 out of 520 companies in the Medical Devices & Instruments industry, which is in the bottom quartile relative to peers. Overall, Intuitive Surgical has a GF Score™ of 84/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Intuitive Surgical's Cyclically Adjusted PS Ratio compare to BDX and MDLN?
According to the Medical Devices & Instruments industry distribution chart, Intuitive Surgical ranks #499 out of 520 companies for Cyclically Adjusted PS Ratio. This places Intuitive Surgical in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 2.26. Intuitive Surgical's value of 18.21 is 705.8% above this benchmark. Historically, Intuitive Surgical's own Cyclically Adjusted PS Ratio has ranged from 13.75 to 38.60 over the past decade. While the company's 10-year median is 25.31 vs. the industry median of 2.26, Intuitive Surgical has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for a Medical Devices & Instruments company?
The median Cyclically Adjusted PS Ratio among Medical Devices & Instruments companies is 2.26, based on 520 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Intuitive Surgical's current Cyclically Adjusted PS Ratio of 18.21 is 705.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Intuitive Surgical and its competitors. For the Medical Devices & Instruments industry, the median Cyclically Adjusted PS Ratio is 2.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Intuitive Surgical's current Cyclically Adjusted PS Ratio is 18.21, which is 28% below median its own 10-year median of 25.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Intuitive Surgical stock overvalued right now?
Based on GuruFocus' analysis, Intuitive Surgical (LTS:0R29) is currently considered Significantly Undervalued. The stock's GF Value™ is $617.90, compared to a current price of $354.27 — trading 42.7% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 18.21, which is 28% below median its 10-year median of 25.31 and 705.8% above the Medical Devices & Instruments industry median of 2.26. Intuitive Surgical's overall GF Score™ is 84/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Intuitive Surgical (LTS:0R29), the current Cyclically Adjusted PS Ratio is 18.21 as of Aug. 01, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Intuitive Surgical (LTS:0R29) Overvalued in 2026?

Based on GuruFocus' analysis, Intuitive Surgical stock appears to be undervalued. The current stock price of $354.27 is trading 42.7% below its estimated GF Value™ of $617.90. GuruFocus considers Intuitive Surgical to be Significantly Undervalued.

Key valuation signals for LTS:0R29:

  • Cyclically Adjusted PS Ratio: 18.21 (28% below median its 10-year median of 25.31)
  • GF Value™: $617.90 vs. price of $354.27 (42.7% below fair value)
  • GF Score™: 84/100 with 1 warning sign
  • Industry Position: 705.8% above the Medical Devices & Instruments median (#499 of 520)

No single metric tells the full story. See the LTS:0R29 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Intuitive Surgical Business Description

Address 1020 Kifer Road, Sunnyvale, CA, USA, 94086
Intuitive develops, produces, and markets a robotic system for assisting minimally invasive surgery. It also provides the instrumentation, disposable accessories, and warranty services for the system. The company has placed more than 10,000 da Vinci systems in hospitals worldwide, with more than 6,000 installations in the US and a growing number in emerging markets.
84GF Score

Get the complete analysis for LTS:0R29

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$354.27
Price
$617.90
GF Value