Stocktoria

Smith & Nephew plc SN.L

GB · London Stock Exchange · XLON · stock · Healthcare · website

Smith & Nephew plc statistics & valuation

Market cap$9.3B
P / E14.8×
P / S1.5×
P / B1.8×
P / FCF10.9×
Dividend yield3.56%
Net margin10.1%
Return on equity11.8%
FCF margin13.8%
Net debt$2.8B
Enterprise value$15.3B
Earnings yield EBIT/EV7.1%
Return on capital9.7%
Graham number -99.1%$10.08

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($10.08); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
4.30% 4.70% 7.10% 10.10% 2022202320242025
Gross margin (%)
70.50% 68.80% 69.60% 68.00% 2022202320242025
Operating margin (%)
12.20% 11.20% 14.80% 13.90% 2022202320242025
Return on equity (%)
4.20% 5.00% 7.80% 11.80% 2022202320242025
Shares outstanding
838.0M 838.0M 838.0M 838.0M 2022202320242025
Net debt ($)
$2.52B $2.78B $2.70B $2.77B 2022202320242025
Share buybacks ($)
$158.0M $0 $0 $502.0M 2022202320242025
Return on assets (%)
2.20% 2.60% 4.00% 6.00% 2022202320242025
Free cash flow margin (%)
2.10% 3.30% 10.40% 13.80% 2022202320242025
Debt / equity (×)
0.55× 0.59× 0.63× 0.63× 2022202320242025
EPS ($)
$0.25 $0.30 $0.47 $0.72 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Smith & Nephew plc trades at about 1544× earnings — below its 10-year norm (10-year range 1734.6×–4458×, median 3689.4×).

1544× 4458×

Shaded band = 10-year range (1734.6×–4458×); dot = today's 1544×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Gross margin68.0%69.6%68.8%70.5%
Operating margin13.9%14.8%11.2%12.2%
Net margin10.1%7.1%4.7%4.3%
FCF margin13.8%10.4%3.3%2.1%
Return on assets6.0%4.0%2.6%2.2%
Return on equity11.8%7.8%5.0%4.2%
Debt / equity0.57×0.59×0.42×0.49×
Current ratio2.572.891.772.25

Computed from company filings · GB · as of 2025-12-31. Figures in USD. Facts plus Stocktoria's own computed scores — not investment advice.