Zimmer Biomet Holdings
Financial ratios & Valuation

Forward Multiples (2025 – 2028)

2025202620272028
Price/Earnings ratio
18.4215.9410.269.77
Price/Sales ratio
2.682.572.422.33
Earnings per Share (EPS)
$5.66$6.54$10.15$10.67

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
25.82375.2566.1012.84-53.9926.31-225.2164.01115.4824.8019.95-53.99
Price/Sales ratio
3.973.102.603.022.583.734.403.763.853.432.802.58
Price/Book Value ratio
2.851.902.082.011.812.402.532.032.222.031.742.40
Price/Cash Flow ratio
17.6621.6112.2614.9311.7118.7825.6917.1420.8016.0513.6711.71
Price/Free Cash Flow ratio
20.4826.8313.8316.5712.9225.2128.4719.0824.3621.0918.3712.92
Price/Earnings Growth ratio
-5.04-4.000.140.020.44-0.062.01-0.16-4.120.090.090.09
Dividend Yield
0.78%0.84%0.94%0.81%0.95%0.66%0.64%0.77%0.75%0.79%0.67%0.66%
Profitability Indicator Ratios
Gross Profit Margin
73.25%69.04%69.09%72.73%71.36%71.77%69.70%71.28%70.90%71.81%66.28%71.77%
Operating Profit Margin
22.14%5.44%10.77%10.52%0.42%14.25%10.29%12.60%15.33%17.27%18.11%0.42%
Pretax Profit Margin
20.19%0.20%5.22%6.12%-3.41%11.34%-3.90%7.30%5.81%14.43%13.58%-3.41%
Net Profit Margin
15.40%0.82%3.94%23.51%-4.78%14.17%-1.95%5.88%3.33%13.84%14.26%-4.78%
Effective Tax Rate
23.82%-297.56%24.90%-283.48%-39.91%-24.91%49.92%10.72%27.83%3.95%-5.10%-39.91%
Return on Assets
7.47%0.18%1.14%6.97%-1.57%4.59%-0.56%1.71%1.09%4.76%4.98%-1.57%
Return On Equity
11.04%0.50%3.16%15.64%-3.36%9.13%-1.12%3.17%1.92%8.20%8.63%-3.36%
Return on Capital Employed
12.03%1.26%3.43%3.51%0.15%5.36%3.30%4.30%5.68%6.85%7.58%0.15%
Liquidity Ratios
Current Ratio
4.133.621.951.491.821.371.98N/AN/AN/A1.361.37
Quick Ratio
3.002.271.120.830.900.671.020.780.960.770.690.67
Cash ratio
1.040.880.260.170.220.170.310.100.150.140.150.17
Days of Sales Outstanding
71.2388.0276.2172.0358.7062.3675.4867.3472.6571.2071.1958.70
Days of Inventory outstanding
341.40453.46302.66356.25362.52386.45420.29399.92388.08417.79337.64386.45
Operating Cycle
412.64541.49378.87428.28421.22448.82495.77467.26460.73488.99408.83448.82
Days of Payables Outstanding
42.4055.9956.0256.5058.2564.9556.5957.0663.9971.9243.4064.95
Cash Conversion Cycle
370.23485.50322.85371.78362.97383.86439.18410.20396.74417.07365.43362.97
Debt Ratios
Debt Ratio
0.150.410.420.380.370.330.330.300.270.260.290.33
Debt Equity Ratio
0.221.171.170.860.790.660.660.550.470.460.520.66
Long-term Debt to Capitalization
0.170.530.520.430.420.350.380.300.300.280.270.35
Total Debt to Capitalization
0.180.530.530.460.440.390.390.350.320.310.340.39
Interest Coverage Ratio
18.613.243.034.113.965.593.29N/AN/AN/A6.663.96
Cash Flow to Debt Ratio
0.700.070.140.150.190.190.140.210.220.270.240.19
Company Equity Multiplier
1.472.792.762.242.131.982.001.851.751.721.751.98
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.220.140.210.200.220.190.170.210.180.210.200.19
Free Cash Flow / Operating Cash Flow Ratio
0.860.800.880.900.900.740.900.890.850.760.730.74
Cash Flow Coverage Ratio
0.700.070.140.150.190.190.140.210.220.270.240.19
Short Term Coverage Ratio
17.75N/A2.831.293.321.052.400.932.361.750.921.05
Dividend Payout Ratio
20.20%316.09%62.19%10.52%-51.47%17.38%-144.46%49.82%86.94%19.61%18.29%-51.47%