ISRG

Nasdaq

INTUITIVE SURGICAL INC

Health Care, Health Care Equipment

$378.81

close 7 Aug 2026

-19.72%

52-week change

$134.06B

market cap

$328.57

$603.88

52-week range

Expected price

$568.99 – $695.44

Current price

$378.81

Signal

Could be undervalued

A historical-multiple reference, never a fair-value claim. The band uses only data public at each date and ends at the latest month — no forward estimates.

Current multiples

P/E (TTM)43.49x

P/S (TTM)12.15x

P/B7.38x

EV/EBITDA (TTM)—

FCF yield (TTM)2.40%

PEG (TTM, GAAP)1.49

Context

P/E, own 5-year average70.18x

P/E, sector median29.65x*

Price at 5-year median P/E$636.09*

Forward — analyst consensus

Forward P/E (FY2026)35.10x*

Forward P/E (FY2027)31.38x

Forward PEG2.97*

Consensus EPS FY2026 (26 analysts)$10.79

EPS growth (FY2026→FY2027)11.83%

Revenue growth (FY2026)16.97%

Street view

Price target (mean)$477.25*

Target upside25.99%

Ratings (buy / hold / sell)23 / 9 / 1

FY2026 EPS revisions, 30d (up / down)23 / 0

5-year history

Dashed line: average of month-end values

P/E (TTM)

P/S (TTM)

P/B

FCF yield (TTM)

period to 30 Jun 2026, filed 21 Jul 2026, close 7 Aug 2026

Discounted cash flow

Ten projected years plus a perpetuity, prefilled from filings — a model to argue with, never a fair-value claim.

Free cash flow, last ten years and TTM

5Y CAGR +16.85%10Y CAGR +13.13%

Assumptions

Growth rate, years 1–10%

Perpetual growth%Discount rate%

Base FCF$M

As filed — not assumptions

Current price$378.81

Cash & equivalents$2.76B

Total debt—

Shares outstanding353.90M

Result

DCF price per share—

Current price$378.81

Margin of safety—

PV of years 1–10$50.98B

PV of terminal value$132.01B

Equity value—

Market-implied growth—

Projected FCF, years 1–10

Hover for PV and growth

Projection detail

Override growth for any year; blank years use the uniform rate

Year	2026	2027	2028	2029	2030	2031	2032	2033	2034	2035	Terminal
Growth, %											2.5
FCF	$3.77B	$4.40B	$5.14B	$6.01B	$7.02B	$8.20B	$9.59B	$11.20B	$13.09B	$15.29B	$285.01B
PV	$3.49B	$3.77B	$4.08B	$4.42B	$4.78B	$5.17B	$5.59B	$6.05B	$6.55B	$7.08B	$132.01B

period to 30 Jun 2026, filed 21 Jul 2026, close 7 Aug 2026