Basis: FMP quote price / unrounded diluted EPS from four consecutive issuer fiscal quarters. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the P/E ratio high or low?
The P/E ratio of 23.20 is 50% below its 5-year average of 46.15, near the low end of its 5-year range (18.82–130.29).
As of 2026-09-19T00:16:08.446Z. 2.01% below its 12-month average of 23.68.
Calculation as of: 2026-09-19T00:16:08.446Z.
Quote observation: 2026-09-18T20:00:03.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: d87599fee45101dbfbeecce4369c39c8263b47b1e558529bba81fc1ad4225725
PE Ratio (23.20) = Close Price ($95.36) / Diluted TTM EPS ($4.11)
PE RATIO
23.20
PE RATIO AVG TTM
23.68
PE RATIO AVG 3Y
23.16
PE RATIO AVG 5Y
46.15
PE RATIO AVG 10Y
44.41
PE RATIO AVG 15Y
37.74
PE RATIO AVG 20Y
27.29
CURRENT VS TTM AVG
-2.01%
CURRENT VS 3Y AVG
+0.18%
CURRENT VS 5Y AVG
-49.73%
CURRENT VS 10Y AVG
-47.76%
CURRENT VS 15Y AVG
-38.52%
CURRENT VS 20Y AVG
-14.99%
SECTOR MEDIAN · HEALTHCARE
27.26
median of 75 covered companies
CURRENT VS SECTOR MEDIAN
-14.89%
vs the sector median at left
Zimmer Biomet Holdings, Inc.
Market Cap
$18.45B
PE Ratio
23.20
TTM Avg
23.68
3Y Avg
23.16
5Y Avg
46.15
Market Cap
$21.00B
PE Ratio
17.72
TTM Avg
18.79
3Y Avg
15.33
5Y Avg
16.01
| NAME | MARKET CAP | PE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Zimmer Biomet Holdings, Inc. (ZBH) | $18.45B | 23.20 | 23.68 | 23.16 | 46.15 |
| Viatris Inc. (VTRS)vs › | $19.74B | N/A | 66.00 | 48.50 | 95.51 |
| Medpace Holdings, Inc. (MEDP)vs › | $17.09B | 35.87 | 34.88 | 33.53 | 32.84 |
| STERIS plc (STE)vs › | $19.98B | 25.07 | 32.67 | 49.23 | 66.40 |
| Revvity, Inc. (RVTY)vs › | $16.00B | 68.31 | 47.96 | 43.85 | 35.53 |
| United Therapeutics Corporation (UTHR)vs › | $21.00B | 17.72 | 18.79 | 15.33 | 16.01 |
| Solventum Corporation (SOLV)vs › | $15.38B | 10.85 | 13.03 | 16.37 | 16.37 |
| Exelixis, Inc. (EXEL)vs › | $14.67B | 18.29 | 17.46 | 28.25 | 29.85 |
| Tempus AI, Inc. (TEM)vs › | $13.64B | N/A | N/A | N/A | N/A |
| Charles River Laboratories International, Inc. (CRL)vs › | $13.39B | N/A | 224.88 | 91.13 | 72.06 |
At 23.2, P/E is near its 20-year median — higher than 53% of readings in its 20-year history.
20-year low
8.3
median
22.7
20-year high
904.3
Trailing P/E
23.2
Forward P/E
11.2
Forward P/E is calculated using analyst consensus EPS estimates for the current or next fiscal year.
Calculation:
Current Price
$95.36
Forward EPS (Est.)
$8.53
Forward P/E
11.18
Source: FMP Analyst Consensus Estimates. Forward EPS represents the average analyst estimate for the nearest fiscal year.
PE Ratio = Share Price / Diluted EPS (TTM)
The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | PE RATIO |
|---|---|
| 2026-09-09 | 23.02 |
| 2026-09-08 | 22.92 |
| 2026-09-04 | 23.86 |
| 2026-09-03 | 24.07 |
| 2026-09-02 | 24.21 |
| 2026-09-01 | 24.18 |
| 2026-08-31 | 24.34 |
| 2026-08-28 | 24.55 |
| 2026-08-27 | 24.20 |
| 2026-08-26 | 24.67 |
| 2026-08-25 | 24.39 |
| 2026-08-24 | 24.57 |
| 2026-08-21 | 24.57 |
| 2026-08-20 | 24.08 |
| 2026-08-19 | 24.51 |
| 2026-08-18 | 24.12 |
| 2026-08-17 | 23.89 |
| 2026-08-14 | 24.49 |
| 2026-08-13 | 24.23 |
| 2026-08-12 | 23.82 |
| 2026-08-11 | 23.66 |
| 2026-08-10 | 23.79 |
| 2026-08-07 | 23.49 |
| 2026-08-06 | 23.65 |
| 2026-08-05 | 25.50 |
| 2026-08-04 | 24.89 |
| 2026-08-03 | 25.19 |
| 2026-07-31 | 24.40 |
| 2026-07-30 | 24.66 |
| 2026-07-29 | 25.23 |
| 2026-07-28 | 24.87 |
| 2026-07-27 | 23.91 |
| 2026-07-24 | 23.73 |
| 2026-07-23 | 23.29 |
| 2026-07-22 | 23.03 |
| 2026-07-21 | 23.10 |
| 2026-07-20 | 23.30 |
| 2026-07-17 | 23.67 |
| 2026-07-16 | 24.35 |
| 2026-07-15 | 23.41 |
| 2026-07-14 | 23.64 |
| 2026-07-13 | 24.44 |
| 2026-07-10 | 23.72 |
| 2026-07-09 | 23.18 |
| 2026-07-08 | 22.74 |
| 2026-07-07 | 23.22 |
| 2026-07-06 | 23.31 |
| 2026-07-02 | 22.72 |
| 2026-07-01 | 21.86 |
| 2026-06-30 | 22.36 |
| 2026-06-29 | 23.70 |
| 2026-06-26 | 24.18 |
| 2026-06-25 | 23.63 |
| 2026-06-24 | 23.52 |
| 2026-06-23 | 22.75 |
| 2026-06-22 | 22.62 |
| 2026-06-18 | 22.85 |
| 2026-06-17 | 22.64 |
| 2026-06-16 | 23.20 |
| 2026-06-15 | 22.92 |
| 2026-06-12 | 23.01 |
| 2026-06-11 | 22.63 |
| 2026-06-10 | 22.90 |
| 2026-06-09 | 23.28 |
| 2026-06-08 | 22.67 |
| 2026-06-05 | 22.68 |
| 2026-06-04 | 22.52 |
| 2026-06-03 | 22.07 |
| 2026-06-02 | 21.75 |
| 2026-06-01 | 21.54 |
| 2026-05-29 | 21.38 |
| 2026-05-28 | 21.51 |
| 2026-05-27 | 21.44 |
| 2026-05-26 | 21.92 |
| 2026-05-22 | 22.21 |
| 2026-05-21 | 22.16 |
| 2026-05-20 | 22.18 |
| 2026-05-19 | 22.36 |
| 2026-05-18 | 22.11 |
| 2026-05-15 | 21.74 |
| 2026-05-14 | 21.47 |
| 2026-05-13 | 21.49 |
| 2026-05-12 | 21.65 |
| 2026-05-11 | 20.67 |
| 2026-05-08 | 21.38 |
| 2026-05-07 | 21.65 |
| 2026-05-06 | 21.51 |
| 2026-05-05 | 21.56 |
| 2026-05-04 | 21.47 |
| 2026-05-01 | 23.42 |
| 2026-04-30 | 23.29 |
| 2026-04-29 | 22.62 |
| 2026-04-28 | 23.39 |
| 2026-04-27 | 26.16 |
| 2026-04-24 | 25.78 |
| 2026-04-23 | 26.11 |
| 2026-04-22 | 26.28 |
| 2026-04-21 | 26.18 |
| 2026-04-20 | 26.97 |
| 2026-04-17 | 26.77 |
| 2026-04-16 | 26.77 |
| 2026-04-15 | 26.61 |
| 2026-04-14 | 27.27 |
| 2026-04-13 | 26.93 |
| 2026-04-10 | 26.31 |
| 2026-04-09 | 26.28 |
| 2026-04-08 | 26.27 |
| 2026-04-07 | 25.82 |
| 2026-04-06 | 25.71 |
| 2026-04-02 | 25.68 |
| 2026-04-01 | 25.71 |
| 2026-03-31 | 25.54 |
| 2026-03-30 | 25.03 |
| 2026-03-27 | 25.02 |
| 2026-03-26 | 25.18 |
| 2026-03-25 | 24.76 |
| 2026-03-24 | 24.38 |
| 2026-03-23 | 24.80 |
| 2026-03-20 | 24.82 |
| 2026-03-19 | 25.38 |
| 2026-03-18 | 25.16 |
| 2026-03-17 | 26.14 |
| 2026-03-16 | 26.36 |
| 2026-03-13 | 26.33 |
| 2026-03-12 | 26.17 |
| 2026-03-11 | 26.48 |
| 2026-03-10 | 25.90 |
| 2026-03-09 | 26.35 |
| 2026-03-06 | 26.58 |
| 2026-03-05 | 26.40 |
| 2026-03-04 | 27.05 |
| 2026-03-03 | 27.68 |
| 2026-03-02 | 28.10 |
| 2026-02-27 | 27.81 |
| 2026-02-26 | 28.53 |
| 2026-02-25 | 28.21 |
| 2026-02-24 | 28.21 |
| 2026-02-23 | 28.10 |
| 2026-02-20 | 27.90 |
| 2026-02-19 | 24.57 |
| 2026-02-18 | 24.32 |
| 2026-02-17 | 24.05 |
| 2026-02-13 | 23.87 |
| 2026-02-12 | 23.56 |
| 2026-02-11 | 23.67 |
| 2026-02-10 | 22.62 |
| 2026-02-09 | 22.21 |
| 2026-02-06 | 22.25 |
| 2026-02-05 | 21.96 |
| 2026-02-04 | 21.80 |
| 2026-02-03 | 21.33 |
| 2026-02-02 | 21.34 |
| 2026-01-30 | 21.55 |
| 2026-01-29 | 21.29 |
| 2026-01-28 | 21.22 |
| 2026-01-27 | 21.28 |
| 2026-01-26 | 21.61 |
| 2026-01-23 | 21.44 |
| 2026-01-22 | 21.67 |
| 2026-01-21 | 21.42 |
| 2026-01-20 | 21.49 |
| 2026-01-16 | 21.61 |
| 2026-01-15 | 21.97 |
| 2026-01-14 | 22.09 |
| 2026-01-13 | 21.87 |
| 2026-01-12 | 22.64 |
| 2026-01-09 | 22.98 |
| 2026-01-08 | 23.29 |
| 2026-01-07 | 22.94 |
| 2026-01-06 | 23.45 |
| 2026-01-05 | 22.93 |
| 2026-01-02 | 22.28 |
| 2025-12-31 | 22.26 |
| 2025-12-30 | 22.47 |
| 2025-12-29 | 22.41 |
| 2025-12-26 | 22.47 |
| 2025-12-24 | 22.33 |
| 2025-12-23 | 22.14 |
| 2025-12-22 | 22.23 |
| 2025-12-19 | 22.06 |
| 2025-12-18 | 22.38 |
| 2025-12-17 | 22.66 |
| 2025-12-16 | 22.50 |
| 2025-12-15 | 22.88 |
| 2025-12-12 | 22.67 |
| 2025-12-11 | 22.88 |
| 2025-12-10 | 23.04 |
| 2025-12-09 | 22.84 |
| 2025-12-08 | 22.96 |
| 2025-12-05 | 23.34 |
| 2025-12-04 | 23.06 |
| 2025-12-03 | 23.04 |
| 2025-12-02 | 23.30 |
| 2025-12-01 | 23.46 |
| 2025-11-28 | 24.14 |
| 2025-11-26 | 24.15 |
| 2025-11-25 | 24.03 |
| 2025-11-24 | 23.15 |
| 2025-11-21 | 22.82 |
| 2025-11-20 | 22.05 |
| 2025-11-19 | 22.14 |
| 2025-11-18 | 22.05 |
| 2025-11-17 | 21.94 |
| 2025-11-14 | 22.25 |
| 2025-11-13 | 22.42 |
| 2025-11-12 | 22.28 |
| 2025-11-11 | 21.91 |
| 2025-11-10 | 21.96 |
| 2025-11-07 | 21.91 |
| 2025-11-06 | 21.91 |
| 2025-11-05 | 21.30 |
| 2025-11-04 | 25.10 |
| 2025-11-03 | 24.30 |
| 2025-10-31 | 24.47 |
| 2025-10-30 | 24.22 |
| 2025-10-29 | 24.26 |
| 2025-10-28 | 24.61 |
| 2025-10-27 | 25.09 |
| 2025-10-24 | 25.07 |
| 2025-10-23 | 25.10 |
| 2025-10-22 | 25.30 |
| 2025-10-21 | 24.99 |
| 2025-10-20 | 25.00 |
| 2025-10-17 | 24.80 |
| 2025-10-16 | 24.31 |
| 2025-10-15 | 24.18 |
| 2025-10-14 | 23.93 |
| 2025-10-13 | 23.14 |
| 2025-10-10 | 23.04 |
| 2025-10-09 | 23.69 |
| 2025-10-08 | 23.93 |
| 2025-10-07 | 24.10 |
| 2025-10-06 | 24.05 |
| 2025-10-03 | 24.52 |
| 2025-10-02 | 24.13 |
| 2025-10-01 | 24.06 |
| 2025-09-30 | 23.97 |
| 2025-09-29 | 23.91 |
| 2025-09-26 | 23.90 |
| 2025-09-25 | 23.59 |
| 2025-09-24 | 24.08 |
| 2025-09-23 | 24.40 |
| 2025-09-22 | 24.75 |
| 2025-09-19 | 24.35 |
| 2025-09-18 | 24.38 |
| 2025-09-17 | 24.31 |
| 2025-09-16 | 24.12 |
| 2025-09-15 | 24.56 |
| 2025-09-12 | 25.08 |
| 2025-09-11 | 25.37 |
| 2025-09-10 | 24.89 |
| 2025-09-09 | 25.27 |
| 2025-09-08 | 25.48 |
| 2025-09-05 | 25.73 |
| 2025-09-04 | 25.49 |
| 2025-09-03 | 25.56 |
| 2025-09-02 | 25.55 |
| 2025-08-29 | 25.82 |
| 2025-08-28 | 25.56 |
| 2025-08-27 | 25.98 |
Showing the most recent 260 of 4,660 data points. The chart above shows the full history.