Becton Dickinson (XSWX:BDX) Cyclically Adjusted PS Ratio: 2.36 (As of Aug. 16, 2026) — 28% Below Median

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XSWX:BDX Becton Dickinson & Co XSWX:BDX
77 GF Score
Price CHF148.66
GF Value CHF155.41
! 7 Warning Signs
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What is Becton Dickinson Cyclically Adjusted PS Ratio?

Becton Dickinson XSWX:BDX 77 Cyclically Adjusted PS Ratio is 2.36 as of Aug. 16, 2026, which is 28% below its 10-year median of 3.30. GuruFocus rates XSWX:BDX with a GF Score™ of 77/100 and a GF Value™ of CHF155.41. The stock has 7 warning signs investors should review. Among 523 Medical Devices & Instruments companies, Becton Dickinson ranks worse than 50.48% on this metric.

As of today (2026-08-16), Becton Dickinson's current share price is CHF148.66. Becton Dickinson's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was CHF63.02. Becton Dickinson's Cyclically Adjusted PS Ratio for today is 2.36.

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

XSWX:BDX' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.77   Med: 3.3   Max: 4.38
Current: 2.36

During the past years, Becton Dickinson's highest Cyclically Adjusted PS Ratio was 4.38. The lowest was 1.77. And the median was 3.30.

XSWX:BDX's Cyclically Adjusted PS Ratio is ranked worse than
50.48% of 523 companies
in the Medical Devices & Instruments industry
Industry Median: 2.34 vs XSWX:BDX: 2.36

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.

Becton Dickinson's adjusted revenue per share data for the three months ended in Jun. 2026 was CHF14.475. 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 CHF63.02 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Becton Dickinson  (XSWX:BDX) 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.


Becton Dickinson Cyclically Adjusted PS Ratio Related Terms


Becton Dickinson Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Becton Dickinson'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.

Becton Dickinson Cyclically Adjusted PS Ratio Chart

Becton Dickinson Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.19 2.66 2.92 2.61 1.93

Becton Dickinson 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 1.82 1.93 2.01 2.04 1.95

XSWX:BDX vs MDLN, RMD, WST: Cyclically Adjusted PS Ratio Comparison

For the Medical Instruments & Supplies subindustry, Becton Dickinson'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.


Becton Dickinson Cyclically Adjusted PS Ratio vs Medical Devices & Instruments Industry

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

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


XSWX:BDX
77GF Score
Becton Dickinson & Co XSWX:BDX
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Becton Dickinson 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.

Becton Dickinson's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=148.66/63.02
=2.36

* 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.

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

For example, Becton Dickinson'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)
=14.475/333.9520*333.9520
=14.475

Current CPI (Jun. 2026) = 333.9520.

Becton Dickinson Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 14.377 241.428 19.887
201612 13.680 241.432 18.922
201703 13.648 243.801 18.695
201706 13.307 244.955 18.142
201709 13.071 246.819 17.685
201712 13.215 246.524 17.902
201803 14.971 249.554 20.034
201806 15.461 251.989 20.490
201809 15.449 252.439 20.438
201812 15.045 251.233 19.999
201903 15.552 254.202 20.431
201906 15.666 256.143 20.425
201909 16.478 256.759 21.432
201912 15.099 256.974 19.622
202003 14.834 258.115 19.192
202006 12.861 257.797 16.660
202009 11.645 260.280 14.941
202012 16.109 260.474 20.653
202103 15.543 264.877 19.596
202106 14.328 271.696 17.611
202109 15.479 274.310 18.845
202112 15.155 278.802 18.153
202203 15.366 287.504 17.848
202206 15.673 296.311 17.664
202209 16.137 296.808 18.156
202212 14.973 296.797 16.847
202303 15.620 301.836 17.282
202306 15.253 305.109 16.695
202309 15.541 307.789 16.862
202312 13.966 306.746 15.205
202403 15.440 312.332 16.509
202406 15.366 314.175 16.333
202409 15.804 315.301 16.739
202412 15.868 315.605 16.790
202503 13.757 319.799 14.366
202506 13.380 322.561 13.853
202509 22.949 324.800 23.596
202512 14.642 324.054 15.089
202603 13.225 330.213 13.375
202606 14.475 333.952 14.475

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 2.36 mean?
Becton Dickinson (XSWX:BDX) has a Cyclically Adjusted PS Ratio of 2.36 as of Aug. 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 Becton Dickinson and its competitors. This is 28% below median its historical median of 3.30. Over the past decade, Becton Dickinson's Cyclically Adjusted PS Ratio has ranged from 1.77 to 4.38. According to the industry distribution chart, Becton Dickinson ranks #264 out of 523 companies in the Medical Devices & Instruments industry, placing it in the top 50.5%.
Is Becton Dickinson's Cyclically Adjusted PS Ratio too high?
Becton Dickinson's current Cyclically Adjusted PS Ratio of 2.36 is 28% below median its 10-year median of 3.30. Over the past 10 years, this metric has ranged from a low of 1.77 to a high of 4.38. The Medical Devices & Instruments industry median Cyclically Adjusted PS Ratio is 2.34. Becton Dickinson's value of 2.36 is 0.9% above this industry median. Based on the distribution chart, Becton Dickinson ranks #264 out of 523 companies in the Medical Devices & Instruments industry, which is below the industry midpoint. Overall, Becton Dickinson has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.
How does Becton Dickinson's Cyclically Adjusted PS Ratio compare to MDLN and RMD?
According to the Medical Devices & Instruments industry distribution chart, Becton Dickinson ranks #264 out of 523 companies for Cyclically Adjusted PS Ratio. This places Becton Dickinson in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 2.34. Becton Dickinson's value of 2.36 is 0.9% above this benchmark. Historically, Becton Dickinson's own Cyclically Adjusted PS Ratio has ranged from 1.77 to 4.38 over the past decade. While the company's 10-year median is 3.30 vs. the industry median of 2.34, Becton Dickinson 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 2.34, 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. Becton Dickinson's current Cyclically Adjusted PS Ratio of 2.36 is 0.9% 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 Becton Dickinson and its competitors. For the Medical Devices & Instruments industry, the median Cyclically Adjusted PS Ratio is 2.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Becton Dickinson's current Cyclically Adjusted PS Ratio is 2.36, which is 28% below median its own 10-year median of 3.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Becton Dickinson stock overvalued right now?
Becton Dickinson (XSWX:BDX) has a current Cyclically Adjusted PS Ratio of 2.36. The stock's GF Value™ is CHF155.41, compared to a current price of CHF148.66 — trading 4.3% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.36, which is 28% below median its 10-year median of 3.30 and 0.9% above the Medical Devices & Instruments industry median of 2.34. Becton Dickinson's overall GF Score™ is 77/100 with 7 warning signs 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 Becton Dickinson (XSWX:BDX), the current Cyclically Adjusted PS Ratio is 2.36 as of Aug. 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 Becton Dickinson (XSWX:BDX) Overvalued in 2026?

Based on GuruFocus' analysis, Becton Dickinson stock appears to be undervalued. The current stock price of CHF148.66 is trading 4.3% below its estimated GF Value™ of CHF155.41.

Key valuation signals for XSWX:BDX:

  • Cyclically Adjusted PS Ratio: 2.36 (28% below median its 10-year median of 3.30)
  • GF Value™: CHF155.41 vs. price of CHF148.66 (4.3% below fair value)
  • GF Score™: 77/100 with 7 warning signs
  • Industry Position: 0.9% above the Medical Devices & Instruments median (#264 of 523)

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


Becton Dickinson Business Description

Address 1 Becton Drive, Franklin Lakes, NJ, USA, 07417-1880
Becton Dickinson operates in four business units. Medical essentials (35% of total sales) includes the legacy medical surgical unit, which sells catheters, syringes, and infection prevention products. Connected care (24%) core products include the Alaris infusion pump, Pyxis dispensing system, and pharmacy automation platforms. Biopharma systems (13%) produces prefillable syringes and autoinjectors. Interventional (29%) is composed of the surgery, peripheral vascular, and urology segments. More than 60% of revenue comes from the United States.
77GF Score

Get the complete analysis for XSWX:BDX

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

CHF148.66
Price
CHF155.41
GF Value