Becton Dickinson & Co (BDX) is fairly valued and Intuitive Surgical Inc (ISRG) is overvalued.
Against our estimates of intrinsic value, BDX trades at the wider discount: a margin of safety of +4%, against -130% for ISRG.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 7.0% (average of 3 methods) values the shares at $190.08; the price of $183.00 is 4% below that value, and 83% of that value comes from beyond year five.
Leak Score 34/100 on 9 of 12 signals
Discounting its cash flows at 11.7% (average of 3 methods) values the shares at $175.09; the price of $402.09 is 130% above that value, and 69% of that value comes from beyond year five.
Leak Score 47/100 on 8 of 12 signals
| Metric | BDX | ISRG |
|---|---|---|
| Verdict | Fairly valued | Overvalued |
| Price | $183.00 | $402.09 |
| Intrinsic value | $190.08 | $175.09 |
| Margin of safety | +4% | -130% |
| Leak Score | 34/100 (9/12) | 47/100 (8/12) |
| Market cap | $49.8B | $142.0B |
| Revenue growth, 5 years | 6.3% | 18.2% |
| Operating margin | 14.5% | 31.3% |
| Net margin | 4.5% | 28.4% |
| Return on equity | 5.2% | 17.4% |
| Debt to equity | 0.69 | 0.00 |
| P/E | 55.2x | 46.1x |
| Forward P/E | 13.8x | 33.3x |
| P/B | 2.0x | 7.8x |
| Dividend yield | 2.2% | — |