Price to Book Value (P/BV)
since 2005
Calculation
Stryker Corp., P/BV, long-term trends, calculation
| P/BV | = | Share price1, 2, 3 | ÷ | Book value per share1 (BVPS) | BVPS1 | = | Total Stryker shareholders’ equity1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 11, 2022 | 6.39 | = | 251.65 | ÷ | 39.40 | 39.40 | = | 14,877 | ÷ | 377,544,686 | |
| Feb 11, 2021 | 7.05 | = | 245.34 | ÷ | 34.78 | 34.78 | = | 13,084 | ÷ | 376,200,942 | |
| Feb 6, 2020 | 6.38 | = | 218.24 | ÷ | 34.19 | 34.19 | = | 12,807 | ÷ | 374,575,145 | |
| Feb 7, 2019 | 5.74 | = | 180.75 | ÷ | 31.48 | 31.48 | = | 11,730 | ÷ | 372,664,636 | |
| Feb 8, 2018 | 5.56 | = | 148.01 | ÷ | 26.60 | 26.60 | = | 9,966 | ÷ | 374,642,060 | |
| Feb 9, 2017 | 4.82 | = | 123.32 | ÷ | 25.61 | 25.61 | = | 9,550 | ÷ | 372,878,298 | |
| Feb 11, 2016 | 4.21 | = | 96.16 | ÷ | 22.82 | 22.82 | = | 8,511 | ÷ | 372,982,213 | |
| Feb 12, 2015 | 4.11 | = | 93.37 | ÷ | 22.69 | 22.69 | = | 8,595 | ÷ | 378,749,951 | |
| Feb 13, 2014 | 3.46 | = | 82.75 | ÷ | 23.94 | 23.94 | = | 9,047 | ÷ | 377,870,936 | |
| Feb 27, 2013 | 2.82 | = | 63.66 | ÷ | 22.59 | 22.59 | = | 8,597 | ÷ | 380,512,172 | |
| Feb 13, 2012 | 2.67 | = | 53.87 | ÷ | 20.16 | 20.16 | = | 7,683 | ÷ | 381,020,353 | |
| Feb 18, 2011 | 3.44 | = | 63.00 | ÷ | 18.34 | 18.34 | = | 7,174 | ÷ | 391,246,163 | |
| Feb 26, 2010 | 3.20 | = | 53.10 | ÷ | 16.57 | 16.57 | = | 6,595 | ÷ | 398,051,370 | |
| Feb 20, 2009 | 2.94 | = | 40.03 | ÷ | 13.63 | 13.63 | = | 5,407 | ÷ | 396,531,769 | |
| Feb 28, 2008 | 5.05 | = | 66.04 | ÷ | 13.08 | 13.08 | = | 5,379 | ÷ | 411,183,514 | |
| Feb 28, 2007 | 6.04 | = | 62.02 | ÷ | 10.26 | 10.26 | = | 4,191 | ÷ | 408,450,841 | |
| Mar 7, 2006 | 5.72 | = | 45.81 | ÷ | 8.01 | 8.01 | = | 3,252 | ÷ | 405,842,341 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Stryker Corp. Annual Report.
The share price of the company exhibited significant growth over the observed period, increasing from $45.81 in early 2006 to $251.65 by early 2022. Despite some fluctuations, including a notable decline around 2009, the overall trajectory was upward, reflecting strong market valuation gains over time.
The book value per share (BVPS) showed a consistent upward trend throughout the years. Starting at $8.01 in 2006, the BVPS increased steadily to $39.40 by 2022. This rise indicates progressive growth in the company’s net assets on a per-share basis, which generally supports shareholder equity expansion.
The price-to-book value ratio (P/BV) experienced varying movements over the period. Initially fluctuating around higher levels near 5 to 6, it notably declined to below 3 during the 2009 period, coinciding with the downturn in the share price. Subsequently, the ratio climbed again, reaching a peak above 7 in 2021 before slightly decreasing to 6.39 in 2022. This pattern suggests that market investors periodically adjusted valuations relative to the underlying book value, reflecting changes in market sentiment, growth expectations, or risk perceptions.
- Summary of trends:
- - Strong overall growth in share price over the 16-year span, with temporary dips related to market or company-specific conditions.
- - Continuous and steady increase in book value per share, demonstrating underlying asset growth and potentially improved operational performance.
- - Variable price-to-book ratio indicating shifts in market valuation multiples, with lower ratios often coinciding with broader market corrections or company-specific setbacks.
Comparison to Competitors
Stryker Corp., P/BV, long-term trends, comparison to competitors
| Stryker Corp. | Abbott Laboratories | CVS Health Corp. | Elevance Health Inc. | Intuitive Surgical Inc. | Medtronic PLC | UnitedHealth Group Inc. | |
|---|---|---|---|---|---|---|---|
| Feb 11, 2022 | 6.39 | 5.75 | 1.83 | 3.07 | 8.59 | 3.26 | 6.27 |
| Feb 11, 2021 | 7.05 | 6.65 | 1.33 | 2.19 | 9.53 | 2.48 | 4.83 |
| Feb 6, 2020 | 6.38 | 4.96 | 1.47 | 2.42 | 8.13 | 2.66 | 4.92 |
| Feb 7, 2019 | 5.74 | 4.38 | 1.29 | 2.82 | 8.96 | 2.31 | 4.89 |
| Feb 8, 2018 | 5.56 | 3.40 | 1.88 | 2.24 | 9.91 | 2.40 | 4.59 |
| Feb 9, 2017 | 4.82 | 3.76 | 2.15 | 1.72 | 4.73 | 2.25 | 3.98 |
| Feb 11, 2016 | 4.21 | 2.68 | 2.67 | 1.44 | 4.67 | 2.04 | 3.12 |
| Feb 12, 2015 | 4.11 | 3.32 | 3.01 | 1.62 | 5.55 | 3.27 | 3.20 |
| Feb 13, 2014 | 3.46 | 2.38 | 2.14 | 1.00 | 4.37 | 2.78 | 2.16 |
| Feb 27, 2013 | 2.82 | 2.06 | 1.67 | 0.79 | 6.43 | 2.23 | 1.88 |
| Feb 13, 2012 | 2.67 | 3.61 | 1.52 | 0.95 | 7.31 | 2.59 | 1.96 |
| Feb 18, 2011 | 3.44 | 3.24 | 1.20 | 1.06 | 6.34 | 2.68 | 1.80 |
| Feb 26, 2010 | 3.20 | 3.69 | 1.31 | 1.06 | 8.22 | 2.89 | 1.60 |
| Feb 20, 2009 | 2.94 | 4.78 | 1.08 | 0.96 | 3.55 | 5.03 | 1.67 |
| Feb 28, 2008 | 5.05 | 4.83 | 1.85 | 1.75 | 12.99 | 5.31 | 2.98 |
| Feb 28, 2007 | 6.04 | 5.88 | 2.63 | 2.02 | 7.10 | 5.78 | 3.51 |
| Mar 7, 2006 | 5.72 | 4.69 | 3.00 | 2.04 | 7.80 | 6.06 | 4.50 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Health Care Equipment & Services)
Stryker Corp., P/BV, long-term trends, comparison to sector (health care equipment & services)
| Stryker Corp. | Health Care Equipment & Services | |
|---|---|---|
| Feb 11, 2022 | 6.39 | 4.16 |
| Feb 11, 2021 | 7.05 | 3.51 |
| Feb 6, 2020 | 6.38 | 3.33 |
| Feb 7, 2019 | 5.74 | 3.18 |
| Feb 8, 2018 | 5.56 | 3.14 |
| Feb 9, 2017 | 4.82 | 2.78 |
| Feb 11, 2016 | 4.21 | 2.45 |
| Feb 12, 2015 | 4.11 | 2.96 |
| Feb 13, 2014 | 3.46 | 2.13 |
| Feb 27, 2013 | 2.82 | 1.83 |
| Feb 13, 2012 | 2.67 | 2.14 |
| Feb 18, 2011 | 3.44 | 1.91 |
| Feb 26, 2010 | 3.20 | 2.02 |
| Feb 20, 2009 | 2.94 | 2.23 |
| Feb 28, 2008 | 5.05 | 3.02 |
| Feb 28, 2007 | 6.04 | 3.66 |
| Mar 7, 2006 | 5.72 | 3.80 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Health Care)
Stryker Corp., P/BV, long-term trends, comparison to industry (health care)
| Stryker Corp. | Health Care | |
|---|---|---|
| Feb 11, 2022 | 6.39 | 5.07 |
| Feb 11, 2021 | 7.05 | 4.90 |
| Feb 6, 2020 | 6.38 | 4.71 |
| Feb 7, 2019 | 5.74 | 4.72 |
| Feb 8, 2018 | 5.56 | 4.35 |
| Feb 9, 2017 | 4.82 | 3.91 |
| Feb 11, 2016 | 4.21 | 3.54 |
| Feb 12, 2015 | 4.11 | 4.01 |
| Feb 13, 2014 | 3.46 | 3.40 |
| Feb 27, 2013 | 2.82 | 2.77 |
| Feb 13, 2012 | 2.67 | 2.42 |
| Feb 18, 2011 | 3.44 | 2.15 |
| Feb 26, 2010 | 3.20 | 2.26 |
| Feb 20, 2009 | 2.94 | 2.47 |
| Feb 28, 2008 | 5.05 | 3.28 |
| Feb 28, 2007 | 6.04 | 3.77 |
| Mar 7, 2006 | 5.72 | 3.94 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).