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Zimmer Biomet Holdings, Inc. (ZBH)

Orthopedic, Prosthetic & Surgical Appliances & Supplies

Latest Price
$94.52
TTM P/E
22.94
Normalized P/E
28.38
TTM Div Yield
1.02%
Fwd Div Yield
1.02%
Book Value
65.25
P/B Ratio
1.45

Valuation metrics

adjust assumptions →
EPS: $3.55
Book value / share: $64.95
Formula: √(22.5 × EPS × BVPS)
Graham Number
$72.03
24% downside
Norm. op. income: $1.1B (median of 7yr)
Tax rate: 13%
Discount rate: 10%
Growth assumption: zero (EPV is a no-growth value)
Earnings Power Value
$16.62
82% downside
Base FCF: $1.3B (median of recent 5yr)
Growth: 5%/yr (median YOY, capped at 25%)
Discount rate: 10%
Terminal growth: 3%
Projection horizon: 10 years
DCF Fair Value
$84.21
11% downside
EPS: $3.55
Target P/E: 28×
Formula: EPS × P/E
P/E Fair Value
$99.40
+5% upside

Institutional Ownership

100.0% held by institutions
InstitutionSharesValueOwnership %ChangeFiling Date
Dodge & Cox24.12M$2.08B12.66%+582.0K2026-06-30
BlackRock, Inc.15.61M$1.34B8.19%+274.0K2026-06-30
Harris Associates L P12.74M$1.10B6.68%-221.9K2026-06-30
Vanguard Capital Management LLC12.63M$1.09B6.63%-158.5K2026-06-30
Capital International Investors12.18M$1.05B6.39%+3.06M2026-06-30
State Street Corp8.88M$766.0M4.66%+52.0K2026-06-30
Vanguard Portfolio Management LLC8.44M$726.0M4.43%-208.5K2026-06-30
Geode Capital Management, LLC5.35M$458.0M2.81%-30.3K2026-06-30
Price T Rowe Associates Inc4.80M$412.0M2.52%-3.20M2026-06-30
Invesco Ltd.3.98M$342.0M2.09%+374.4K2026-06-30
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