ZBH

NYSE

ZIMMER BIOMET HOLDINGS, INC.

Health Care, Health Care Equipment

$96.55

close 7 Aug 2026

-3.47%

52-week change

$18.42B

market cap

$79.12

$108.29

52-week range

Expected price

$102.82 – $125.67

Current price

$96.55

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)23.43x

P/S (TTM)2.16x

P/B1.46x

EV/EBITDA (TTM)11.02x

FCF yield (TTM)8.27%

PEG (TTM, GAAP)0.49

Context

P/E, own 5-year average47.37x

P/E, sector median29.65x*

Price at 5-year median P/E$127.82*

Indicated dividend yield0.99%

Forward — analyst consensus

Forward P/E (FY2026)11.32x*

Forward P/E (FY2027)10.65x

Forward PEG1.80*

Consensus EPS FY2026 (27 analysts)$8.53

EPS growth (FY2026→FY2027)6.30%

Revenue growth (FY2026)4.44%

Street view

Price target (mean)$106.76*

Target upside10.58%

Ratings (buy / hold / sell)9 / 18 / 0

FY2026 EPS revisions, 30d (up / down)2 / 1

5-year history

Dashed line: average of month-end values

P/E (TTM)

P/S (TTM)

P/B

FCF yield (TTM)

Dividend yield

period to 30 Jun 2026, filed 5 Aug 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 +8.85%10Y CAGR +8%

Assumptions

Growth rate, years 1–10%

Perpetual growth%Discount rate%

Base FCF$M

As filed — not assumptions

Current price$96.55

Cash & equivalents$410.00M

Total debt$7.48B

Shares outstanding190.74M

Result

DCF price per share$207.27

Current price$96.55

Margin of safety+114.67%

PV of years 1–10$15.91B

PV of terminal value$30.70B

Equity value$39.53B

Market-implied growth+1.12%

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	$1.66B	$1.80B	$1.96B	$2.14B	$2.33B	$2.53B	$2.76B	$3.00B	$3.27B	$3.56B	$66.27B
PV	$1.53B	$1.55B	$1.56B	$1.57B	$1.58B	$1.60B	$1.61B	$1.62B	$1.63B	$1.65B	$30.70B

period to 30 Jun 2026, filed 5 Aug 2026, close 7 Aug 2026