# Intuitive Surgical CDR (CAD Hedged) (ISRG.TO) fundamentals

Data as of 2026-11-04. TSX, Canada. Sector: Healthcare / Medical Devices & Supplies. Price C$22.79, market value C$201.3 billion.

## Valuation
- **P/E (trailing): 54.3×** (5-yr avg 94.8×, 3-yr avg 94.8×). Intuitive Surgical CDR (CAD Hedged) trades at 54.3× trailing earnings, well below its own five-year average of 94.8×: cheap by its own standards. The Healthcare median in the September 2026 study was 28.5×.
- **Price / sales: 17.4×**. Each dollar of revenue is priced at 17.4×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 3.5×**. The shares trade at 3.5× book value; book value is a meaningful part of the valuation.
- **Free-cash-flow yield: 1.8%** (5-yr avg 0.9%). Free cash flow equals 1.8% of the market value, above its five-year average of 0.9%, so the shares are cheaper on cash than they have usually been.
- **Earnings yield: 1.8%**. The inverse of the P/E: 1.8% of the price is earned each year.

## Profitability
- **Gross margin: 67.2%**. Intuitive Surgical CDR (CAD Hedged) keeps 67.2% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 32.3%**. 32.3% of revenue is left after running the business, an exceptional level.
- **Net margin: 28.4%**. 28.4% of each dollar of sales reaches the bottom line.
- **Return on equity: 16.0%**. 16.0% on shareholders' equity is solid.
- **Return on assets: 14.5%**. Each dollar of assets produces 14.5% of profit.

## Growth
- **Revenue growth (1 yr): 20.5%** (3-yr 17.4%/yr). Revenue grew 20.5% over the last year.
- **EPS growth (1 yr): 22.6%** (3-yr 29.2%/yr). Earnings per share rose 22.6%, roughly in step with revenue.
- **Free-cash-flow growth (3 yr): 37.5%/yr**. Free cash flow has compounded at 37.5% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Current ratio: 4.87** (quick 3.96). Current assets cover the next year's liabilities 4.87 times.
- **Altman Z-score: 49.65**. A Z-score of 49.65 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Intuitive Surgical CDR (CAD Hedged) does not currently pay a dividend, but it returned 2.3% of its market value through buybacks over the last year.

## Price and momentum
- **From 52-week high: -27.9%** (33.1% above the low). Trading 28% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 54**. An RSI of 54 is neutral.
- **Beta (1 yr): 0.60** (volatility 36%). Beta of 0.60 against the S&P/TSX Composite: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=ISRG.TO · Page: https://foliofundamentals.com/stocks/isrg.to

Not investment advice.