INTUITIVE SURGICAL INC (ISRG)

Orthopedic, Prosthetic & Surgical Appliances & Supplies

Latest Price

$353.33

TTM P/E

40.57

Normalized P/E

72.29

Div Yield

Book Value

51.31

P/B Ratio

6.89

Valuation metrics

EPS: $7.87

Book value / share: $50.19

Formula: √(22.5 × EPS × BVPS)

Graham Number

$94.28

73% downside

Norm. op. income: $1.8B (median of 7yr)

Tax rate: 12%

Discount rate: 10%

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

Earnings Power Value

$60.69

83% downside

Base FCF: $1.3B (median of recent 5yr)

Growth: 11%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$116.30

67% downside

EPS: $7.87

Target P/E: 72×

Formula: EPS × P/E

P/E Fair Value

$566.64

+60% upside

79.4% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	30.10M	$13.88B	8.51%	-416.7K	2026-03-31
VANGUARD CAPITAL MANAGEMENT LLC	23.08M	$10.64B	6.52%	--	2026-03-31
STATE STREET CORP	15.85M	$7.30B	4.48%	+145.4K	2026-03-31
PRICE T ROWE ASSOCIATES INC /MD/	12.52M	$5.77B	3.54%	-34.8K	2026-03-31
GEODE CAPITAL MANAGEMENT, LLC	8.47M	$3.89B	2.39%	+241.2K	2026-03-31
Capital World Investors	8.05M	$3.71B	2.27%	+192.0K	2026-03-31
VANGUARD PORTFOLIO MANAGEMENT LLC	7.23M	$3.33B	2.04%	--	2026-03-31
MORGAN STANLEY	6.06M	$2.79B	1.71%	+317.8K	2026-03-31
FMR LLC	5.48M	$2.52B	1.55%	-1.10M	2026-03-31
WELLINGTON MANAGEMENT GROUP LLP	3.96M	$1.82B	1.12%	+513.4K	2026-03-31