Becton Dickinson & Co (BDX)

Surgical & Medical Instruments & Apparatus

Latest Price

$179.00

TTM P/E

54.08

Normalized P/E

35.28

Div Yield

1.76%

Book Value

89.64

P/B Ratio

2.00

Valuation metrics

EPS: $5.82

Book value / share: $88.00

Formula: √(22.5 × EPS × BVPS)

Graham Number

$107.35

40% downside

Norm. op. income: $2.3B (median of 7yr)

Tax rate: 10%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$7.28

96% downside

Base FCF: $2.7B (median of recent 5yr)

Growth: 20%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$414.90

+132% upside

EPS: $5.82

Target P/E: 35×

Formula: EPS × P/E

P/E Fair Value

$203.70

+14% upside

93.4% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	24.59M	$3.72B	8.77%	-1.56M	2026-06-30
Vanguard Capital Management LLC	17.99M	$2.72B	6.42%	-502.8K	2026-06-30
State Street Corp	15.00M	$2.27B	5.35%	+1.18M	2026-06-30
Vanguard Portfolio Management LLC	14.97M	$2.27B	5.34%	-343.1K	2026-06-30
First Eagle Investment Management, LLC	13.82M	$2.09B	4.93%	+1.89M	2026-06-30
Invesco Ltd.	8.90M	$1.35B	3.17%	-1.28M	2026-06-30
Massachusetts Financial Services Co	8.65M	$2.48B	3.09%	-450.5K	2026-06-30
Geode Capital Management, LLC	8.14M	$1.23B	2.90%	+1.03M	2026-06-30
Franklin Resources Inc	7.01M	$1.06B	2.50%	+1.65M	2026-06-30
Wellington Management Group LLP	6.36M	$962.0M	2.27%	-257.2K	2026-06-30