Intuitive SurgicalTSX:ISRG +1.76%75 Net Current Asset Value is C$0.96 as of Mar. 2026, which is 100% below its 10-year median of 20.53. GuruFocus rates TSX:ISRG with a GF Score™ of 75/100 and a GF Value™ of C$31.84 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 568 Medical Devices & Instruments companies, Intuitive Surgical ranks worse than 89.44% on this metric.
In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).
Intuitive Surgical's net current asset value per share for the quarter that ended in Mar. 2026 was C$0.96.
The historical rank and industry rank for Intuitive Surgical's Net Current Asset Value or its related term are showing as below:
TSX:ISRG'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 9.68 Med: 20.53 Max: 38.78
Current: 24.46
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Intuitive Surgical was 38.78. The lowest was 9.68. And the median was 20.53.
TSX:ISRG's Price-to-Net-Current-Asset-Value is ranked worse than 89.44% of 568
companies
in the Medical Devices & Instruments industry
Industry Median: 5.11
vs TSX:ISRG: 24.46
Intuitive Surgical (TSX:ISRG) Net Current Asset Value Explanation
Benjamin Graham first discussed net current asset value (NCAV) in the 1934 edition of "Security Analysis", which he coauthored with David Dodd. In the book, (net) current asset value is defined as:" current assets alone, minus all liabilities and claims ahead of the issue."
The common definition of NCAV is: NCAV = current assets – [total liabilities + minority interest + preferred stock]
Net current assets exclude not only the intangible assets but also the fixed and miscellaneous assets. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.
One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Grahams strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their Net-Net Working Capital. They are collected under our Net-Net screener.
Intuitive Surgical Net Current Asset Value Related Terms
Intuitive Surgical Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Intuitive Surgical's Net Current Asset Value 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.
TSX:ISRG vs BDX, MDLN, RMD: Net Current Asset Value Comparison
For the Medical Instruments & Supplies subindustry, Intuitive Surgical's Price-to-Net-Current-Asset-Value, along with its competitors' market caps and Price-to-Net-Current-Asset-Value 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 Price-to-Net-Current-Asset-Value vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Intuitive Surgical's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Intuitive Surgical's Price-to-Net-Current-Asset-Value falls into.
* 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.
What does a Net Current Asset Value of C$0.96 mean?
Intuitive Surgical (TSX:ISRG) has a Net Current Asset Value of C$0.96 as of Mar. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Intuitive Surgical and its competitors. This is 95% below median its historical median of 20.53. Over the past decade, Intuitive Surgical's Net Current Asset Value has ranged from 9.68 to 38.78. According to the industry distribution chart, Intuitive Surgical ranks #508 out of 568 companies in the Medical Devices & Instruments industry, placing it in the top 89.4%.
Is Intuitive Surgical's Net Current Asset Value too high?
Intuitive Surgical's current Net Current Asset Value of C$0.96 is 95% below median its 10-year median of 20.53. Over the past 10 years, this metric has ranged from a low of 9.68 to a high of 38.78. Based on the distribution chart, Intuitive Surgical ranks #508 out of 568 companies in the Medical Devices & Instruments industry, which is in the bottom quartile relative to peers. Overall, Intuitive Surgical has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Intuitive Surgical's Net Current Asset Value compare to BDX and MDLN?
According to the Medical Devices & Instruments industry distribution chart, Intuitive Surgical ranks #508 out of 568 companies for Net Current Asset Value. This places Intuitive Surgical in the lower half of its industry. The industry median Net Current Asset Value is 5.11. Historically, Intuitive Surgical's own Net Current Asset Value has ranged from 9.68 to 38.78 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Current Asset Value for a Medical Devices & Instruments company?
The median Net Current Asset Value among Medical Devices & Instruments companies is 5.11, based on 568 companies in the industry. Companies in the top quartile (top 25%) have a Net Current Asset Value significantly above this median, while those in the bottom quartile fall well below. However, Net Current Asset Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Current Asset Value mean?
A high Net Current Asset Value can signal that a stock is expensive relative to its fundamentals. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Intuitive Surgical and its competitors. For the Medical Devices & Instruments industry, the median Net Current Asset Value is 5.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Intuitive Surgical's current Net Current Asset Value is C$0.96, which is 95% below median its own 10-year median of 20.53. 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 (TSX:ISRG) is currently considered Modestly Undervalued. The stock's GF Value™ is C$31.84, compared to a current price of C$22.50 — trading 29.3% below its estimated fair value. The current Net Current Asset Value is C$0.96, which is 95% below median its 10-year median of 20.53. Intuitive Surgical's overall GF Score™ is 75/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Current Asset Value calculated?
Net Current Asset Value is calculated from a company's financial statements. For Intuitive Surgical (TSX:ISRG), the current Net Current Asset Value is C$0.96 as of Mar. 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 (TSX:ISRG) Overvalued in 2026?
Based on GuruFocus' analysis, Intuitive Surgical stock appears to be undervalued.
The current stock price of C$22.50 is trading 29.3% below its estimated GF Value™ of C$31.84.
GuruFocus considers Intuitive Surgical to be Modestly Undervalued.
Key valuation signals for TSX:ISRG:
Net Current Asset Value: C$0.96 (95% below median its 10-year median of 20.53)
GF Value™: C$31.84 vs. price of C$22.50 (29.3% below fair value)
No single metric tells the full story. See the TSX:ISRG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
75GF Score
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