Intuitive Surgical (XTER:IUI1) Cyclically Adjusted PS Ratio: (As of Jul. 23, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

XTER:IUI1 Intuitive Surgical Inc XTER:IUI1
84 GF Score
Price €302.50
GF Value €540.65
Valuation Significantly Undervalued
! 1 Warning Sign
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What is Intuitive Surgical Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Intuitive Surgical  (XTER:IUI1) 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 0.00

XTER:IUI1 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.


XTER:IUI1
84GF Score
Intuitive Surgical Inc XTER:IUI1
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 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)
=7.026/333.9520*333.9520
=7.026

Current CPI (Jun. 2026) = 333.9520.

Intuitive Surgical Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 1.703 241.428 2.356
201612 2.019 241.432 2.793
201703 1.834 243.801 2.512
201706 1.954 244.955 2.664
201709 1.934 246.819 2.617
201712 2.138 246.524 2.896
201803 1.942 249.554 2.599
201806 2.189 251.989 2.901
201809 2.207 252.439 2.920
201812 2.568 251.233 3.414
201903 2.402 254.202 3.156
201906 2.717 256.143 3.542
201909 2.862 256.759 3.722
201912 3.203 256.974 4.162
202003 2.769 258.115 3.583
202006 2.107 257.797 2.729
202009 2.528 260.280 3.244
202012 3.004 260.474 3.851
202103 2.982 264.877 3.760
202106 3.330 271.696 4.093
202109 3.252 274.310 3.959
202112 3.730 278.802 4.468
202203 3.684 287.504 4.279
202206 3.957 296.311 4.460
202209 4.363 296.808 4.909
202212 4.377 296.797 4.925
202303 4.450 301.836 4.923
202306 4.536 305.109 4.965
202309 4.561 307.789 4.949
202312 4.935 306.746 5.373
202403 4.825 312.332 5.159
202406 5.172 314.175 5.498
202409 5.063 315.301 5.362
202412 6.336 315.605 6.704
202503 5.717 319.799 5.970
202506 5.810 322.561 6.015
202509 5.899 324.800 6.065
202512 6.794 324.054 7.002
202603 6.661 330.213 6.736
202606 7.026 333.952 7.026

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.

Is Intuitive Surgical (XTER:IUI1) Overvalued in 2026?

Based on GuruFocus' analysis, Intuitive Surgical stock appears to be undervalued. The current stock price of €302.50 is trading 44% below its estimated GF Value™ of €540.65. GuruFocus considers Intuitive Surgical to be Significantly Undervalued.

Key valuation signals for XTER:IUI1:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €540.65 vs. price of €302.50 (44% below fair value)
  • GF Score™: 84/100 with 1 warning sign

No single metric tells the full story. See the XTER:IUI1 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 XTER:IUI1

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

€302.50
Price
€540.65
GF Value