Intuitive Surgical Inc (ISRG)

Orthopedic, Prosthetic & Surgical Appliances & Supplies

Latest Price

$406.63

TTM P/E

46.69

Normalized P/E

82.54

Div Yield

Book Value

51.30

P/B Ratio

7.93

Valuation metrics

EPS: $7.87

Book value / share: $50.19

Formula: √(22.5 × EPS × BVPS)

Graham Number

$94.28

77% 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

85% 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

71% downside

EPS: $7.87

Target P/E: 83×

Formula: EPS × P/E

P/E Fair Value

$653.21

+61% upside

86.9% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	30.02M	$11.94B	8.48%	-74.8K	2026-06-30
Vanguard Capital Management LLC	23.13M	$9.20B	6.54%	+51.6K	2026-06-30
State Street Corp	16.06M	$6.39B	4.54%	+216.1K	2026-06-30
Invesco Ltd.	11.84M	$4.71B	3.35%	+8.11M	2026-06-30
Price T Rowe Associates Inc	11.26M	$4.48B	3.18%	-1.26M	2026-06-30
Geode Capital Management, LLC	8.53M	$3.38B	2.41%	+67.9K	2026-06-30
Capital World Investors	7.74M	$3.08B	2.19%	-305.3K	2026-06-30
Vanguard Portfolio Management LLC	7.24M	$2.88B	2.05%	+9.3K	2026-06-30
Morgan Stanley	6.56M	$2.61B	1.85%	+502.5K	2026-06-30
Norges Bank	4.95M	$1.97B	1.40%	-89.6K	2026-06-30