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Boston Scientific Corp (BSX) Fair Value & Analysis

Healthcare · US · Market cap $63.4B · ISIN US1011371077

What is Boston Scientific Corp really worth?

BS Boston Scientific Corp logo Boston Scientific Corp BSX · US
Price$46.95
Fair Value$30.73
Upside−34.6%
Quality66/100

A solid business, but trading 53% above our fair value of $30.73.

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Strengths

Healthy Growth (revenue 5y +15.2 %/yr)
Solidly profitable · 17.3% net margin
Low debt · generates free cash flow
Ranks above peers (9/14)
Wide moat 70/100

Risks

!Evidence only medium, so the estimate is less certain
Evidence: Medium Range $21.30 – $42.64

Fair value as of: Aug 31, 2026

From 24 valuation models · updated 5 days ago

Share price −4.4% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case ($42.64). The favourable scenario is already priced in.
  • Solid but not exceptional quality (66/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range ($21.30 to $42.64) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

$108.14 $35.24 Fair Value $30.73 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 31, 2026.

How to read this chart

60‑month range $35.24 – $108.14 · fair‑value band $21.30 – $42.64 · the $46.95 price screens above the $30.73 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Aug 31, 2026.

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Analysis

Boston Scientific Corp (BSX) currently trades at $46.95, while our model-based Fair Value estimate is $30.73, implying the stock looks roughly 52.8% overvalued today. The Quality Score stands at 66/100 (solid quality), in the Healthcare sector. Bull case: the DCF Models group reads highest at a median of $39.15 per share, and 1 of the 24 models we run sit above the $46.95 price. Bear case: the Economic Profit group reads lowest at $9.90, and 23 of the 24 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, Boston Scientific Corp generated revenue of $20.6B at a net margin of 17.3%. Revenue grew 11.6% year over year. It earns a return on equity of 14.7%. Net debt stands at $10.4B. Fundamentals as of Aug 31, 2026

Our scenario range runs from $21.30 (bear case) to $42.64 (bull case); at $46.95, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 57% below its 52-week high, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at −27% fair-value upside, at −35%, BSX screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly $1.62 per share, which is 5.3 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
FCF DCF $23.81 $44.44 $78.25 77
Growth DCF $23.93 $43.72 $75.80 76
EPV $7.61 $9.90 $11.90 74
All 24 models by family
DCF Models
FCF DCF $23.81 $44.44 $78.25 77
Owner Earnings $21.52 $40.57 $71.79 73
5Y Revenue Exit $14.31 $26.03 $41.16 71
5Y EBITDA Exit $20.96 $39.15 $61.08 73
5Y P/E Exit $23.23 $43.63 $66.02 69
10Y Revenue Exit $16.83 $28.72 $45.36 65
10Y EBITDA Exit $21.68 $38.10 $61.34 67
10Y P/E Exit $23.16 $41.31 $65.31 62
Earnings-Based
Graham-Dodd $13.20 $51.98 $70.58 64
Lynch FV $12.83 $18.33 $23.83 61
PEG = 1.0 $12.83 $18.33 $23.83 57
EPV $7.61 $9.90 $11.90 74
Multiples
P/E Multiple $32.04 $42.72 $53.40 63
P/S Multiple $24.76 $33.01 $41.26 58
P/B Multiple $24.76 $33.01 $41.26 55
EV/EBIT $16.49 $24.02 $31.55 65
EV/EBITDA $22.16 $31.59 $41.01 67
EV/Revenue $10.02 $16.93 $23.84 52
Asset-Based
NCAV (Graham) $8.15 $10.92 $16.30 54
Growth DCF
Growth DCF $23.93 $43.72 $75.80 76
Rev-Margin DCF $14.31 $26.10 $40.64 71
Economic Profit
Residual Income $15.07 $17.82 $36.17 72
ROIC Compounder $7.61 $9.90 $11.90 72
Growth Earnings
Growth-Adj P/E $23.46 $33.51 $43.56 67

Widest divergence: DCF Models ($39.15) versus Economic Profit ($9.90). Highest evidence: FCF DCF (77).

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Key figures & financial health

P/E ratio 20.6
P/S ratio 2.96 P/E × margin
EPS (TTM) $2.28 price ÷ EPS = P/E 20.6
Net margin 14.4% FY2025
Return on equity 14.7% TTM
Return on assets (EBIT) 6.7% avg 5y
More key figures
Profitability
Operating margin 20.6% TTM
Growth
Revenue (TTM) $20.6B TTM
Revenue growth (YoY) +11.6% 3y avg +16.5%
EPS growth (YoY) +100%
Balance sheet & cash flow
Free cash flow $3.7B FY2025
Net debt $10.4B FY2025 · ≈ 2.8 yrs of FCF

Figures from reported company fundamentals · as of Aug 31, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 66/100

Of which business quality 65 · Market factors (momentum, volatility) 29

Profitability 49
Margins and returns on capital today
Quality Growth 64
Are margins and returns improving?
Cashflow 76
Earnings quality: real cash, not paper profit
Fin. Strength 70
Balance sheet, leverage, solvency risk
Investment 60
Disciplined investing over empire-building
Low Volatility 71
Calm price path (market factor)
Momentum 15
Price trend over the last 3–12 months (market factor)
52W Momentum 4
Distance to the 52-week high (market factor)
Net Issuance 72
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Boston Scientific Corporation develops, manufactures, and markets medical devices for use in various interventional medical specialties worldwide. The company operates in two segments, MedSurg and Cardiovascular.

Full company description

Boston Scientific Corporation develops, manufactures, and markets medical devices for use in various interventional medical specialties worldwide. The company operates in two segments, MedSurg and Cardiovascular. It offers devices to diagnose and treat a range of gastrointestinal conditions, such as resolution clips, biliary stent systems, stents and electrocautery enhanced delivery systems, SpyGlass, single-use scopes used for diagnostic and therapeutic procedures in the pancreaticobiliary system, in endoscopic retrograde cholangiopancreatography procedures, and single-use duodenoscopes, as well as endoluminal surgery and infection prevention products; devices to treat urological conditions, including ureteral stents, catheters, baskets, guidewires, urinary and bowel dysfunction, sheaths, balloons, single-use digital flexible ureteroscopes, holmium laser systems, penile implants, artificial urinary sphincter, laser system, and hydrogel systems; and devices to treat neurological movement disorders and manage chronic pain, such as spinal cord stimulator systems, radiofrequency ablation, and intraosseous nerve ablation and deep brain stimulation systems. The company also provides technologies for diagnosing and treating a range of diseases and abnormalities of the heart; WATCHMAN FLX, a left atrial appendage closure (LAAC) device; and implantable devices that monitor the heart and deliver electricity to treat cardiac abnormalities, such as cardioverter and cardiac resynchronization therapy defibrillators, MRI S-ICD systems, cardiac resynchronization therapy pacemakers, remote patient management systems, insertable cardiac monitor systems, and remote cardiac monitoring systems. In addition, it offers diagnosis and treatment of rate and rhythm disorders of the heart; peripheral arterial and venous diseases; and products to diagnose and treat forms of cancer. The company was incorporated in 1979 and is headquartered in Marlborough, Massachusetts.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Boston Scientific Corp reported revenue of $20.1B in FY2025 versus $11.9B in FY2021, a compound +14.0%/yr. Reported net income was $2.9B in FY2025, compounding +29.1%/yr from FY2021.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
$20.1B
Latest YoY
+19.9%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+16.5%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+15.2%
Avg. revenue growth/yr (34Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+14.0%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
−1.0% (−1.0 + 0.0)
Revenue +14.0%/yr
FY21 $11.9B
FY22 $12.7B
FY23 $14.2B
FY24 $16.7B
FY25 $20.1B
Net income +29.1%/yr
FY21 $1.0B
FY22 $698M
FY23 $1.6B
FY24 $1.9B
FY25 $2.9B

BSX screens 53% overvalued. Compare with Abbott Laboratories, →

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Cite: Fair Value Calculator (2026). "Boston Scientific Corp Fair Value". https://www.fairvalue-calculator.com/stock/BSX

Recent news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Medical Devices · 351 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 66 · Top 25%
Fair Value upside −35% · Below median
Return on equity (TTM) 15% · Top 25%
Return on assets 6% · Top 25%
Net margin (TTM) 17% · Top 25%
Operating margin (TTM) 21% · Top 25%
Revenue growth 12% · Above median
Debt / equity 0.46× · Higher than 75% of peers

Valuation Multiples vs Medical Devices median · lower = cheaper

P/E (TTM) 20.6× · Cheaper than median
P/B 2.61× · Pricier than median
P/S (TTM) 3.07× · Pricier than median
P/FCF 17.3× · Pricier than median
EV/EBITDA 13.2× · Cheaper than median
PEG 0.55× · Cheaper than 75% of peers

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE58 · sector 32
PAST59 · sector 5
HEALTH77 · sector 97
DIVIDEND0 · sector 34

VALUE 0: the price sits above our fair-value range.

Insider activity: 35/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Medical Devices stocks, each showing price versus our Fair Value estimate (as of Aug 31, 2026).

Stock Price Fair Value vs Fair Value
Abbott Laboratories, ABT $112.47 $74.79 −34%
Stryker Corporation SYK $322.12 $186.28 −42%
Medtronic plc MDT $89.97 $65.57 −27%
Edwards Lifesciences Corporation EW $89.78 $41.02 −54%
Siemens Healthineers AG SHL €39.52 €33.87 −14%
DexCom, Inc DXCM $90.82 $38.95 −57%
GE HealthCare Technologies Inc GEHC $74.82 $64.13 −14%
Koninklijke Philips N.V PHIA €23.69 €14.36 −39%
Shenzhen Mindray Bio-Medical Electronics Co 300760 ¥150.63 ¥147.63 −2%
STERIS plc STE $232.39 $175.29 −25%

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Frequently asked questions

Is Boston Scientific Corp (BSX) overvalued or undervalued?
As of Aug 31, 2026, our model estimates a fair value of $30.73 versus a price of $46.95, about −35% upside (overvalued).
What is the fair value of BSX?
Our model-based fair value for Boston Scientific Corp is $30.73 (as of Aug 31, 2026), built from audited fundamentals. The current price: $46.95.
What is the quality score of BSX?
Boston Scientific Corp has a Quality Score of 66/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Boston Scientific Corp (BSX)?
Boston Scientific Corp reported trailing-twelve-month revenue of about $20.6B (latest available figure, as of Aug 31, 2026).
What is the net profit margin of BSX?
The net profit margin of Boston Scientific Corp is about 17.3%, meaning it keeps roughly 17.3% of revenue as net income. Based on the latest reported figures.
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