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Stryker Corporation (SYK) Fair Value & Analysis

Healthcare · US · Market cap $119B

SC Stryker Corporation logo Stryker Corporation SYK · US
Price$341.09
Fair Value$186.28
Upside-45.4%
Quality68/100
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Healthy Growth
Solidly profitable · 13.2% net margin
Moderate debt · generates free cash flow
1.04% dividend yield
Mixed vs. peers (6/15)
Moderate moat 63/100
Evidence: High Range $112.01 – $232.85 Share as image

Fair value as of: Aug 13, 2026

From 26 valuation models · updated yesterday

Share price +9.7% over the past month.

A solid business, but screening 45% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case ($232.85). The favourable scenario is already priced in.
  • Solid but not exceptional quality (68/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range ($112.01 to $232.85) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

$399.46 $181.68 Fair Value $186.28 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range $181.68 – $399.46 · fair‑value band $112.01 – $232.85 · the $341.09 price screens above the $186.28 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Stryker Corporation (SYK) currently trades at $341.09, while our model-based Fair Value estimate is $186.28, implying the stock looks roughly 45.4% overvalued today. The Quality Score stands at 68/100 (solid quality), in the Healthcare sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Stryker Corporation generated revenue of $25.3B at a net margin of 13.2%. Revenue grew 2.6% year over year. It earns a return on equity of 15.2%. Net debt stands at $10.8B. Fundamentals as of Aug 13, 2026

Our scenario range runs from $112.01 (bear case) to $232.85 (bull case); at $341.09, 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 last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat. The share trades about 15% below its 52-week high and 21% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -33% fair-value upside, at -45%, SYK screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted 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.

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
Growth DCF $113.03 $215.71 $387.77 80
Residual Income $57.73 $73.71 $179.90 76
Rev-Margin DCF $94.89 $181.65 $292.39 74
All 26 models by family
DCF Models
FCF DCF $113.66 $224.29 $413.96 38
Owner Earnings $93.61 $188.61 $351.49 31
5Y Revenue Exit $94.89 $183.39 $302.28 39
5Y EBITDA Exit $121.14 $236.90 $380.92 41
5Y P/E Exit $104.44 $202.86 $313.96 38
10Y Revenue Exit $96.14 $182.00 $310.95 36
10Y EBITDA Exit $117.38 $220.97 $376.09 37
10Y P/E Exit $106.36 $196.18 $320.62 35
Earnings-Based
Graham-Dodd $57.58 $256.98 $352.09 54
Lynch FV $66.80 $95.43 $124.05 50
PEG = 1.0 $66.80 $95.43 $124.05 46
EPV $61.66 $76.65 $89.77 59
Dividend Discount
Gordon GGM $30.75 $63.94 $101.44 70
DDM Multi-Stage $30.75 $53.92 $67.11 61
Multiples
P/E Multiple $139.71 $186.28 $232.85 63
P/S Multiple $107.96 $143.94 $179.93 58
P/B Multiple $107.96 $143.94 $179.93 55
EV/EBIT $134.30 $188.50 $242.70 53
EV/EBITDA $138.28 $193.81 $249.34 54
EV/Revenue $87.76 $137.49 $187.23 43
Asset-Based
NCAV (Graham) $29.24 $39.18 $58.48 50
Growth DCF
Growth DCF $113.03 $215.71 $387.77 80
Rev-Margin DCF $94.89 $181.65 $292.39 74
Economic Profit
Residual Income $57.73 $73.71 $179.90 76
ROIC Compounder $63.27 $94.99 $134.82 72
Growth Earnings
Growth-Adj P/E $112.01 $160.01 $208.02 68

Widest divergence: DCF Models ($196.18) versus Asset-Based ($39.18). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) $25.3B
Revenue growth (YoY) +2.6%
Net margin 13.2%
Return on equity 15.2%
Free cash flow $4.3B FY2025
P/E ratio 39.4
More key figures
Operating margin 17.8%
EPS (TTM) $8.65
Dividend yield 1.0%
EPS growth (YoY) +14.2%
Net debt $10.8B FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 68/100

Of which business quality 67 · Market factors (momentum, volatility) 49

Profitability 52
Margins and returns on capital today
Quality Growth 61
Are margins and returns improving?
Cashflow 75
Earnings quality: real cash, not paper profit
Fin. Strength 68
Balance sheet, leverage, solvency risk
Investment 66
Disciplined investing over empire-building
Low Volatility 75
Calm price path (market factor)
Momentum 37
Price trend over the last 3–12 months (market factor)
52W Momentum 37
Distance to the 52-week high (market factor)
Net Issuance 86
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.

About the company

Stryker Corporation operates as a medical technology company in the United States and internationally. It operates through two segments, MedSurg and Neurotechnology, and Orthopaedics.

Full company description

Stryker Corporation operates as a medical technology company in the United States and internationally. It operates through two segments, MedSurg and Neurotechnology, and Orthopaedics. The MedSurg and Neurotechnology segment offers surgical equipment, patient and caregiver safety technologies, navigation systems, endoscopic and communications systems, patient handling, emergency medical equipment and intensive care disposable products, clinical communication and artificial intelligence-assisted virtual care platform technology, and minimally invasive products for the treatment of acute ischemic and hemorrhagic stroke and venous thromboembolism; traditional brain and open skull based surgical procedures products; and orthobiologic and biosurgery products, including synthetic bone grafts and vertebral augmentation products. The Orthopaedics segment provides implants for use in total joint replacements, such as hip, knee and shoulder, ankle, and trauma and extremities surgeries; and Mako Shoulder, which expands the smart robotics suite of applications. The company sells its products to doctors, hospitals, and other healthcare facilities through company-owned subsidiaries and branches, as well as third-party dealers and distributors in approximately 61 countries. Stryker Corporation was founded in 1941 and is headquartered in Portage, Michigan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Stryker Corporation reported revenue of $25.1B in FY2025 versus $17.1B in FY2021, a compound +10.1%/yr. Reported net income was $3.2B in FY2025, compounding +13.0%/yr from FY2021.

Growth Quality 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
$25.1B
Latest YoY
+11.2%
Avg. 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.
+10.8%
Avg. 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.
+11.8%
Avg. growth/yr (40Y) 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.
+14.8%
Revenue +10.1%/yr
FY21 $17.1B
FY22 $18.4B
FY23 $20.5B
FY24 $22.6B
FY25 $25.1B
Net income +13.0%/yr
FY21 $2.0B
FY22 $2.4B
FY23 $3.2B
FY24 $3.0B
FY25 $3.2B
Character of growth · EPS growth decomposed (2014-2025) +11.2 % p.a.
Revenue per share +9.1 pp

of which total revenue +9.2 pp · buybacks/dilution −0.1 pp

EBIT margin −1.0 pp
Tax rate +0.8 pp
Residual (interest, one-offs) +2.2 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

SYK screens 45% overvalued. Compare with Abbott Laboratories, →

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Cite: Fair Value Calculator (2026). "Stryker Corporation Fair Value". https://www.fairvalue-calculator.com/stock/SYK

Recent news

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

Peer Group

Medical Devices · 345 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 68 · Top 25%
Fair Value upside −45% · Below median
Return on equity (TTM) 15% · Top 25%
Return on assets 8% · Top 25%
Net margin (TTM) 13% · Top 25%
Operating margin (TTM) 18% · Top 25%
Revenue growth 3% · Below median
Dividend yield (TTM) 1.0% · Below median
Debt / equity 0.66× · Higher than 75% of peers

Valuation Multiples vs Medical Devices median · lower = cheaper

P/E (TTM) 39.4× · Pricier than 75% of peers
P/B 5.32× · Pricier than 75% of peers
P/S (TTM) 4.72× · Pricier than 75% of peers
P/FCF 27.8× · Pricier than 75% of peers
EV/EBITDA 18.8× · Pricier than median
PEG 1.58× · Cheaper than median

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.

VALUE 0 · sector 0
FUTURE 13 · sector 31
PAST 61 · sector 8
HEALTH 67 · sector 97
DIVIDEND 21 · sector 39

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

Insider activity: 40/100

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Medical Devices stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Abbott Laboratories, ABT $110.91 $74.79 -33%
Medtronic plc MDT $90.76 $65.57 -28%
Boston Scientific Corporation BSX $51.42 $38.44 -25%
Edwards Lifesciences Corporation EW $93.05 $41.02 -56%
Shenzhen Mindray Bio-Medical Electronics Co 300760 ¥153.60 ¥147.63 -4%
Shanghai United Imaging Healthcare Co 688271 ¥110.50 ¥43.60 -61%
Demant A/S DEMANT kr 289.60 kr 161.17 -44%
Getinge AB GETIB kr 239.30 kr 192.14 -20%
Sectra AB SECTB kr 280.00 kr 66.81 -76%
CLASSYS Inc 214150 39,700 KRW 20,415 KRW -49%

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Frequently asked questions

Is Stryker Corporation (SYK) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of $186.28 versus a price of $341.09, about −45% (overvalued).
What is the fair value of SYK?
Our model-based fair value for Stryker Corporation is $186.28 (as of Aug 13, 2026), built from audited fundamentals. The current price is $341.09.
What is the quality score of SYK?
Stryker Corporation has a Quality Score of 68/100. 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 Stryker Corporation (SYK)?
Stryker Corporation reported trailing-twelve-month revenue of about $25.3B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of SYK?
The net profit margin of Stryker Corporation is about 13.2%, meaning it keeps roughly 13.2% of revenue as net income. Based on the latest reported figures.
Does Stryker Corporation pay a dividend?
Stryker Corporation currently shows a dividend yield of about 1.17% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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