Intuitive SurgicalMIL:1ISRG +0.15%74 PB Ratio is 8.37 as of Jun. 26, 2026, which is 7% below its 10-year median of 9.02. GuruFocus rates MIL:1ISRG with a GF Score™ of 74/100 and a GF Value™ of €537.04 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 788 Medical Devices & Instruments companies, Intuitive Surgical ranks worse than 88.32% on this metric.
Intuitive Surgical Inc stock PB Ratio (=8.11) is close to 2-year low of 8.11.
The historical rank and industry rank for Intuitive Surgical's PB Ratio or its related term are showing as below:
MIL:1ISRG'
s PB Ratio Range Over the Past 10 Years
Min: 4.27 Med: 9.02 Max: 12.92
Current: 8.11
During the past 13 years, Intuitive Surgical's highest PB Ratio was 12.92. The lowest was 4.27. And the median was 9.02.
MIL:1ISRG's PB Ratio is ranked worse than 88.32% of 788
companies
in the Medical Devices & Instruments industry
Industry Median: 2.02
vs MIL:1ISRG: 8.11
During the past 12 months, Intuitive Surgical's average Book Value Per Share Growth Rate was 3.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 16.70% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 12.60% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 14.80% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Intuitive Surgical was 54.20% per year. The lowest was 9.10% per year. And the median was 20.50% per year.
Back to Basics: PB Ratio
Intuitive Surgical (MIL:1ISRG) PB Ratio Explanation
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Intuitive Surgical PB Ratio Related Terms
Intuitive Surgical PB Ratio Historical Data
* Premium members only.
The historical data trend for Intuitive Surgical's PB 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.
For the Medical Instruments & Supplies subindustry, Intuitive Surgical's PB Ratio, along with its competitors' market caps and PB 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 PB Ratio vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Intuitive Surgical's PB Ratio distribution charts can be found below:
* The bar in red indicates where Intuitive Surgical's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Intuitive Surgical (MIL:1ISRG) has a PB Ratio of 8.37 as of Jun. 26, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Intuitive Surgical and its competitors. This is near median its historical median of 9.02. Over the past decade, Intuitive Surgical's PB Ratio has ranged from 4.27 to 12.92. According to the industry distribution chart, Intuitive Surgical ranks #696 out of 788 companies in the Medical Devices & Instruments industry, placing it in the top 88.3%.
Is Intuitive Surgical's PB Ratio too high?
Intuitive Surgical's current PB Ratio of 8.37 is near median its 10-year median of 9.02. Over the past 10 years, this metric has ranged from a low of 4.27 to a high of 12.92. The Medical Devices & Instruments industry median PB Ratio is 2.02. Intuitive Surgical's value of 8.37 is 314.4% above this industry median. Based on the distribution chart, Intuitive Surgical ranks #696 out of 788 companies in the Medical Devices & Instruments industry, which is in the bottom quartile relative to peers. Overall, Intuitive Surgical has a GF Score™ of 74/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Intuitive Surgical's PB Ratio compare to BDX and MDLN?
According to the Medical Devices & Instruments industry distribution chart, Intuitive Surgical ranks #696 out of 788 companies for PB Ratio. This places Intuitive Surgical in the lower half of its industry. The industry median PB Ratio is 2.02. Intuitive Surgical's value of 8.37 is 314.4% above this benchmark. Historically, Intuitive Surgical's own PB Ratio has ranged from 4.27 to 12.92 over the past decade. While the company's 10-year median is 9.02 vs. the industry median of 2.02, 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 PB Ratio for a Medical Devices & Instruments company?
The median PB Ratio among Medical Devices & Instruments companies is 2.02, based on 788 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Intuitive Surgical's current PB Ratio of 8.37 is 314.4% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Intuitive Surgical and its competitors. For the Medical Devices & Instruments industry, the median PB Ratio is 2.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Intuitive Surgical's current PB Ratio is 8.37, which is near median its own 10-year median of 9.02. 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 (MIL:1ISRG) is currently considered Significantly Undervalued. The stock's GF Value™ is €537.04, compared to a current price of €357.15 — trading 33.5% below its estimated fair value. The current PB Ratio is 8.37, which is near median its 10-year median of 9.02 and 314.4% above the Medical Devices & Instruments industry median of 2.02. Intuitive Surgical'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 PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Intuitive Surgical (MIL:1ISRG), the current PB Ratio is 8.37 as of Jun. 26, 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 (MIL:1ISRG) Overvalued in 2026?
Based on GuruFocus' analysis, Intuitive Surgical stock appears to be undervalued.
The current stock price of €357.15 is trading 33.5% below its estimated GF Value™ of €537.04.
GuruFocus considers Intuitive Surgical to be Significantly Undervalued.
Key valuation signals for MIL:1ISRG:
PB Ratio: 8.37 (near median its 10-year median of 9.02)
GF Value™: €537.04 vs. price of €357.15 (33.5% below fair value)
Industry Position: 314.4% above the Medical Devices & Instruments median (#696 of 788)
No single metric tells the full story. See the MIL:1ISRG 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.
74GF Score
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