Boston Scientific (XSWX:BSX) Cyclically Adjusted PS Ratio: 4.33 (As of Jul. 19, 2026) — 29% Below Median

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XSWX:BSX Boston Scientific Corp XSWX:BSX
74 GF Score
Price CHF35.59
GF Value CHF85.51
! 1 Warning Sign
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What is Boston Scientific Cyclically Adjusted PS Ratio?

Boston Scientific XSWX:BSX -1.21% 74 Cyclically Adjusted PS Ratio is 4.33 as of Jul. 19, 2026, which is 29% below its 10-year median of 6.07. GuruFocus rates XSWX:BSX with a GF Score™ of 74/100 and a GF Value™ of CHF85.51. The stock has 1 warning sign investors should review. Among 521 Medical Devices & Instruments companies, Boston Scientific ranks worse than 69.48% on this metric.

As of today (2026-07-19), Boston Scientific's current share price is CHF35.59. Boston Scientific's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was CHF8.22. Boston Scientific's Cyclically Adjusted PS Ratio for today is 4.33.

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

XSWX:BSX' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.51   Med: 6.07   Max: 11.69
Current: 4.29

During the past years, Boston Scientific's highest Cyclically Adjusted PS Ratio was 11.69. The lowest was 3.51. And the median was 6.07.

XSWX:BSX's Cyclically Adjusted PS Ratio is ranked worse than
69.48% of 521 companies
in the Medical Devices & Instruments industry
Industry Median: 2.28 vs XSWX:BSX: 4.29

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 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.

Boston Scientific's adjusted revenue per share data for the three months ended in Mar. 2026 was CHF2.740. 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 CHF8.22 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Boston Scientific  (XSWX:BSX) 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.


Boston Scientific Cyclically Adjusted PS Ratio Related Terms


Boston Scientific Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Boston Scientific'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.

Boston Scientific Cyclically Adjusted PS Ratio Chart

Boston Scientific 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 5.89 5.86 6.85 9.83 9.62

Boston Scientific 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 10.80 11.22 9.98 9.62 6.12

XSWX:BSX vs EW, GEHC, MDT: Cyclically Adjusted PS Ratio Comparison

For the Medical Devices subindustry, Boston Scientific'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.


Boston Scientific Cyclically Adjusted PS Ratio vs Medical Devices & Instruments Industry

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

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


XSWX:BSX
74GF Score
Boston Scientific Corp XSWX:BSX
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Boston Scientific 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.

Boston Scientific's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=35.59/8.22
=4.33

* 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.

Boston Scientific's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Boston Scientific'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)
=2.74/330.2130*330.2130
=2.740

Current CPI (Mar. 2026) = 330.2130.

Boston Scientific Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 1.518 241.018 2.080
201609 1.485 241.428 2.031
201612 1.614 241.432 2.208
201703 1.556 243.801 2.108
201706 1.571 244.955 2.118
201709 1.534 246.819 2.052
201712 1.703 246.524 2.281
201803 1.615 249.554 2.137
201806 1.762 251.989 2.309
201809 1.651 252.439 2.160
201812 1.806 251.233 2.374
201903 1.771 254.202 2.301
201906 1.845 256.143 2.379
201909 1.899 256.759 2.442
201912 2.019 256.974 2.594
202003 1.726 258.115 2.208
202006 1.351 257.797 1.731
202009 1.700 260.280 2.157
202012 1.686 260.474 2.137
202103 1.788 264.877 2.229
202106 1.950 271.696 2.370
202109 1.885 274.310 2.269
202112 2.005 278.802 2.375
202203 1.955 287.504 2.245
202206 2.189 296.311 2.439
202209 2.143 296.808 2.384
202212 2.093 296.797 2.329
202303 2.169 301.836 2.373
202306 2.225 305.109 2.408
202309 2.151 307.789 2.308
202312 2.181 306.746 2.348
202403 2.313 312.332 2.445
202406 2.481 314.175 2.608
202409 2.397 315.301 2.510
202412 2.729 315.605 2.855
202503 2.760 319.799 2.850
202506 2.756 322.561 2.821
202509 2.696 324.800 2.741
202512 2.816 324.054 2.870
202603 2.740 330.213 2.740

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 4.33 mean?
Boston Scientific (XSWX:BSX) has a Cyclically Adjusted PS Ratio of 4.33 as of Jul. 19, 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 Boston Scientific and its competitors. This is 29% below median its historical median of 6.07. Over the past decade, Boston Scientific's Cyclically Adjusted PS Ratio has ranged from 3.51 to 11.69. According to the industry distribution chart, Boston Scientific ranks #362 out of 521 companies in the Medical Devices & Instruments industry, placing it in the top 69.5%.
Is Boston Scientific's Cyclically Adjusted PS Ratio too high?
Boston Scientific's current Cyclically Adjusted PS Ratio of 4.33 is 29% below median its 10-year median of 6.07. Over the past 10 years, this metric has ranged from a low of 3.51 to a high of 11.69. The Medical Devices & Instruments industry median Cyclically Adjusted PS Ratio is 2.28. Boston Scientific's value of 4.33 is 89.9% above this industry median. Based on the distribution chart, Boston Scientific ranks #362 out of 521 companies in the Medical Devices & Instruments industry, which is below the industry midpoint. Overall, Boston Scientific has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does Boston Scientific's Cyclically Adjusted PS Ratio compare to EW and GEHC?
According to the Medical Devices & Instruments industry distribution chart, Boston Scientific ranks #362 out of 521 companies for Cyclically Adjusted PS Ratio. This places Boston Scientific in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 2.28. Boston Scientific's value of 4.33 is 89.9% above this benchmark. Historically, Boston Scientific's own Cyclically Adjusted PS Ratio has ranged from 3.51 to 11.69 over the past decade. While the company's 10-year median is 6.07 vs. the industry median of 2.28, Boston Scientific 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 2.28, based on 521 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. Boston Scientific's current Cyclically Adjusted PS Ratio of 4.33 is 89.9% 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 Boston Scientific and its competitors. For the Medical Devices & Instruments industry, the median Cyclically Adjusted PS Ratio is 2.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Boston Scientific's current Cyclically Adjusted PS Ratio is 4.33, which is 29% below median its own 10-year median of 6.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Boston Scientific stock overvalued right now?
Boston Scientific (XSWX:BSX) has a current Cyclically Adjusted PS Ratio of 4.33. The stock's GF Value™ is CHF85.51, compared to a current price of CHF35.59 — trading 58.4% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 4.33, which is 29% below median its 10-year median of 6.07 and 89.9% above the Medical Devices & Instruments industry median of 2.28. Boston Scientific's overall GF Score™ is 74/100 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 Boston Scientific (XSWX:BSX), the current Cyclically Adjusted PS Ratio is 4.33 as of Jul. 19, 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 Boston Scientific (XSWX:BSX) Overvalued in 2026?

Based on GuruFocus' analysis, Boston Scientific stock appears to be undervalued. The current stock price of CHF35.59 is trading 58.4% below its estimated GF Value™ of CHF85.51.

Key valuation signals for XSWX:BSX:

  • Cyclically Adjusted PS Ratio: 4.33 (29% below median its 10-year median of 6.07)
  • GF Value™: CHF85.51 vs. price of CHF35.59 (58.4% below fair value)
  • GF Score™: 74/100 with 1 warning sign
  • Industry Position: 89.9% above the Medical Devices & Instruments median (#362 of 521)

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


Boston Scientific Business Description

Address 300 Boston Scientific Way, Marlborough, MA, USA, 01752-1234
Boston Scientific produces less invasive medical devices that are inserted into the human body through small openings or cuts. It manufactures products for use in angioplasty, blood clot filtration, kidney stone management, cardiac rhythm management, catheter-directed ultrasound imaging, upper gastrointestinal tract diagnostics, interventional oncology, neuromodulation for chronic pain, and treatment of incontinence. The firm markets its devices to healthcare professionals and institutions globally. Foreign sales account for roughly 36% of the firm's total sales.
74GF Score

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

CHF35.59
Price
CHF85.51
GF Value