Intuitive Surgical (MEX:ISRG) Cyclically Adjusted PS Ratio: 20.60 (As of Jul. 16, 2026) — 19% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MEX:ISRG Intuitive Surgical Inc MEX:ISRG
90 GF Score
Price MXN6,800.00
GF Value MXN10,587.66
Valuation Significantly Undervalued
! 1 Warning Sign
View Full Analysis

What is Intuitive Surgical Cyclically Adjusted PS Ratio?

Intuitive Surgical MEX:ISRG +2.53% 90 Cyclically Adjusted PS Ratio is 20.60 as of Jul. 16, 2026, which is 19% below its 10-year median of 25.31. GuruFocus rates MEX:ISRG with a GF Score™ of 90/100 and a GF Value™ of MXN10,587.66 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 523 Medical Devices & Instruments companies, Intuitive Surgical ranks worse than 95.98% on this metric.

As of today (2026-07-16), Intuitive Surgical's current share price is MXN6800.00. Intuitive Surgical's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was MXN330.12. Intuitive Surgical's Cyclically Adjusted PS Ratio for today is 20.60.

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

MEX:ISRG' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 13.75   Med: 25.31   Max: 38.6
Current: 20.97

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.

MEX:ISRG's Cyclically Adjusted PS Ratio is ranked worse than
95.98% of 523 companies
in the Medical Devices & Instruments industry
Industry Median: 2.25 vs MEX:ISRG: 20.97

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 Mar. 2026 was MXN138.869. 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 MXN330.12 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Intuitive Surgical  (MEX:ISRG) 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
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 30.87 32.70 26.01 32.04 24.86

MEX:ISRG 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.


MEX:ISRG
90GF Score
Intuitive Surgical Inc MEX:ISRG
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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
=6800.00/330.12
=20.60

* 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 Mar. 2026 is calculated as:

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

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=138.869/330.2130*330.2130
=138.869

Current CPI (Mar. 2026) = 330.2130.

Intuitive Surgical Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 35.126 241.018 48.125
201609 36.956 241.428 50.547
201612 43.907 241.432 60.053
201703 36.930 243.801 50.019
201706 39.688 244.955 53.502
201709 41.838 246.819 55.974
201712 49.698 246.524 66.569
201803 43.494 249.554 57.552
201806 50.260 251.989 65.862
201809 48.170 252.439 63.011
201812 57.365 251.233 75.399
201903 52.642 254.202 68.383
201906 58.979 256.143 76.034
201909 62.232 256.759 80.035
201912 67.124 256.974 86.255
202003 71.734 258.115 91.771
202006 54.771 257.797 70.156
202009 65.785 260.280 83.460
202012 72.693 260.474 92.156
202103 72.560 264.877 90.458
202106 79.864 271.696 97.065
202109 78.666 274.310 94.698
202112 86.467 278.802 102.411
202203 80.779 287.504 92.779
202206 84.148 296.311 93.776
202209 86.899 296.808 96.679
202212 90.406 296.797 100.585
202303 85.882 301.836 93.956
202306 84.251 305.109 91.183
202309 84.794 307.789 90.972
202312 91.352 306.746 98.341
202403 87.037 312.332 92.020
202406 101.999 314.175 107.206
202409 110.645 315.301 115.878
202412 138.360 315.605 144.764
202503 126.441 319.799 130.558
202506 126.183 322.561 129.176
202509 127.015 324.800 129.132
202512 143.236 324.054 145.958
202603 138.869 330.213 138.869

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 20.60 mean?
Intuitive Surgical (MEX:ISRG) has a Cyclically Adjusted PS Ratio of 20.60 as of Jul. 16, 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 19% 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 #502 out of 523 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 20.60 is 19% 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 2.25. Intuitive Surgical's value of 20.60 is 815.6% above this industry median. Based on the distribution chart, Intuitive Surgical ranks #502 out of 523 companies in the Medical Devices & Instruments industry, which is in the bottom quartile relative to peers. Overall, Intuitive Surgical has a GF Score™ of 90/100 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 #502 out of 523 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 2.25. Intuitive Surgical's value of 20.60 is 815.6% 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 2.25, 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 2.25, based on 523 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 20.60 is 815.6% 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 2.25 — 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 20.60, which is 19% 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 (MEX:ISRG) is currently considered Significantly Undervalued. The stock's GF Value™ is MXN10,587.66, compared to a current price of MXN6,800.00 — trading 35.8% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 20.60, which is 19% below median its 10-year median of 25.31 and 815.6% above the Medical Devices & Instruments industry median of 2.25. Intuitive Surgical's overall GF Score™ is 90/100 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 (MEX:ISRG), the current Cyclically Adjusted PS Ratio is 20.60 as of Jul. 16, 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 (MEX:ISRG) Overvalued in 2026?

Based on GuruFocus' analysis, Intuitive Surgical stock appears to be undervalued. The current stock price of MXN6,800.00 is trading 35.8% below its estimated GF Value™ of MXN10,587.66. GuruFocus considers Intuitive Surgical to be Significantly Undervalued.

Key valuation signals for MEX:ISRG:

  • Cyclically Adjusted PS Ratio: 20.60 (19% below median its 10-year median of 25.31)
  • GF Value™: MXN10,587.66 vs. price of MXN6,800.00 (35.8% below fair value)
  • GF Score™: 90/100 with 1 warning sign
  • Industry Position: 815.6% above the Medical Devices & Instruments median (#502 of 523)

No single metric tells the full story. See the MEX:ISRG 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.
90GF Score

Get the complete analysis for MEX:ISRG

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

MXN6,800.00
Price
MXN10,587.66
GF Value