Becton, Dickinson and Company (BDX) Key Metrics
BDX valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $52.23B
- Enterprise value
- $65.82B
- P/E (TTM)
- 44.6 10-yr median 31.5
- Forward P/E
- 13.7
- PEG ratio
- 1.11
- Price / sales
- 2.3 10-yr median 2.8
- Price / book
- 2.0 10-yr median 2.3
- EV / EBITDA
- 13.4 10-yr median 15.8
- Dividend yield
- 2.19% $4.20 a year
- Beta
- 0.28
BDX key metrics, FY2016–FY2025
Fiscal year ended September 30, 2025 · U.S. dollarsBDX valuation Price multiples at each fiscal year-end price.
BDX returns How much profit the business earns on the capital it uses.
BDX per-share figures Results divided by the shares outstanding at year-end.
BDX financial health Debt, liquidity and how easily interest is covered.
BDX efficiency & capital use Working capital cycle and where the cash goes.
BDX valuation history
BDX returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
BDX debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
BDX cash returned to shareholders
BDX price vs earnings per share
BDX key metrics
FY2016–FY2025| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $42.25B | $55.16B | $58.61B | $50.34B | $55.07B | $50.40B | $53.31B | $52.97B | $33.60B | $29.99B |
| Enterprise value | $60.57B | $74.44B | $74.01B | $66.12B | $71.09B | $65.48B | $72.14B | $73.31B | $38.26B | $39.63B |
| P/E ratio | 25.2 | 32.4 | 39.5 | 28.3 | 26.3 | 57.7 | 43.2 | 170.3 | 30.5 | 30.7 |
| Price / sales | 1.9 | 2.7 | 3.0 | 2.7 | 2.9 | 3.1 | 3.1 | 3.3 | 2.8 | 2.4 |
| Price / book | 1.7 | 2.1 | 2.3 | 2.0 | 2.3 | 2.1 | 2.5 | 2.5 | 2.6 | 3.9 |
| Price / free cash flow | 15.8 | 18.0 | 27.7 | 30.3 | 16.1 | 18.5 | 22.5 | 26.9 | 18.4 | 16.3 |
| Price / operating cash flow | 12.3 | 14.5 | 19.6 | 19.1 | 11.9 | 14.2 | 16.0 | 18.5 | 13.2 | 11.7 |
| EV / sales | 2.8 | 3.7 | 3.8 | 3.5 | 3.7 | 4.1 | 4.2 | 4.6 | 3.2 | 3.2 |
| EV / EBITDA | 12.2 | 15.4 | 16.8 | 15.0 | 16.2 | 21.4 | 17.7 | 19.0 | 14.8 | 15.4 |
| EV / free cash flow | 22.7 | 24.2 | 35.0 | 39.8 | 20.8 | 24.0 | 30.4 | 37.2 | 21.0 | 21.5 |
| Earnings yield | 4.0% | 3.1% | 2.5% | 3.5% | 3.8% | 1.7% | 2.3% | 0.6% | 3.3% | 3.3% |
| Free cash flow yield | 6.3% | 5.6% | 3.6% | 3.3% | 6.2% | 5.4% | 4.5% | 3.7% | 5.4% | 6.1% |
| Dividend yield | 2.8% | 2.0% | 1.9% | 2.1% | 1.9% | 2.0% | 1.8% | 1.7% | 2.0% | 1.9% |
| Shareholder yield (dividends + buybacks) | 5.2% | 2.9% | 1.9% | 3.1% | 5.1% | 2.0% | 1.8% | 1.7% | 2.7% | 2.0% |
| Share price at fiscal year-end | $147.15 | $189.54 | $203.25 | $175.18 | $188.54 | $178.46 | $194.02 | $200.18 | $150.29 | $137.85 |
| Per share | ||||||||||
| Revenue per share | $76.06 | $69.34 | $67.17 | $65.67 | $65.50 | $56.92 | $62.92 | $60.40 | $54.09 | $57.38 |
| Earnings per share | $5.84 | $5.86 | $5.15 | $6.19 | $7.16 | $3.09 | $4.49 | $1.18 | $4.92 | $4.49 |
| Operating cash flow per share | $11.95 | $13.05 | $10.36 | $9.16 | $15.91 | $12.53 | $12.12 | $10.83 | $11.40 | $11.76 |
| Free cash flow per share | $9.30 | $10.56 | $7.33 | $5.78 | $11.70 | $9.66 | $8.64 | $7.44 | $8.15 | $8.46 |
| Cash per share | $2.99 | $7.91 | $4.94 | $4.06 | $8.23 | $10.07 | $2.06 | $4.37 | $63.58 | $8.77 |
| Book value per share | $88.43 | $88.96 | $89.45 | $87.98 | $81.06 | $84.15 | $76.72 | $79.34 | $57.91 | $35.09 |
| Tangible book value per share | −$37.01 | −$39.49 | −$33.54 | −$40.53 | −$44.48 | −$48.40 | −$62.86 | −$71.98 | −$2.27 | −$28.21 |
| Dividends per share | $4.17 | $3.78 | $3.86 | $3.77 | $3.59 | $3.63 | $3.58 | $3.50 | $3.03 | $2.58 |
| Capex per share | $2.65 | $2.49 | $3.03 | $3.39 | $4.21 | $2.87 | $3.48 | $3.38 | $3.25 | $3.30 |
| Debt per share | $66.81 | $74.18 | $58.34 | $58.99 | $63.08 | $63.49 | $70.57 | $81.23 | $84.40 | $53.10 |
| Shares outstanding | 287.1M | 291.0M | 288.4M | 287.4M | 292.1M | 282.4M | 274.8M | 264.6M | 223.6M | 217.5M |
| Change in shares outstanding | −1.3% | +0.9% | +0.4% | −1.6% | +3.4% | +2.8% | +3.8% | +18.4% | +2.8% | +4.8% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 6.5% | 6.6% | 5.8% | 7.3% | 8.8% | 3.9% | 5.9% | 1.8% | 10.7% | 13.2% |
| Return on invested capital (ROIC) | 5.2% | 4.7% | 4.7% | 5.2% | 5.4% | 2.0% | 4.3% | 2.6% | 8.7% | 7.3% |
| Return on assets (ROA) | 3.0% | 3.1% | 2.8% | 3.3% | 3.9% | 1.7% | 2.3% | 0.7% | 3.5% | 3.7% |
| Return on tangible assets | 8.7% | 8.6% | 8.6% | 11.1% | 12.2% | 5.3% | 9.1% | 2.2% | 4.5% | 8.3% |
| Free cash flow margin | 12.2% | 15.2% | 10.9% | 8.8% | 17.9% | 17.0% | 13.7% | 12.3% | 15.1% | 14.7% |
| Income quality (OCF / net income) | 2.04 | 2.23 | 2.01 | 1.48 | 2.22 | 4.05 | 2.70 | 9.21 | 2.32 | 2.62 |
| Financial health | ||||||||||
| Total debt | $19.18B | $21.59B | $16.82B | $16.95B | $18.42B | $17.93B | $19.39B | $21.50B | $18.87B | $11.55B |
| Cash & short-term investments | $859.0M | $2.30B | $1.42B | $1.17B | $2.40B | $2.85B | $566.0M | $1.16B | $14.22B | $1.91B |
| Net debt | $18.32B | $19.29B | $15.40B | $15.78B | $16.02B | $15.09B | $18.82B | $20.34B | $4.65B | $9.64B |
| Debt / equity | 0.76 | 0.83 | 0.65 | 0.67 | 0.78 | 0.75 | 0.92 | 1.02 | 1.46 | 1.51 |
| Debt / assets | 0.35 | 0.38 | 0.32 | 0.32 | 0.34 | 0.33 | 0.37 | 0.40 | 0.50 | 0.45 |
| Net debt / EBITDA | 3.70 | 4.00 | 3.50 | 3.58 | 3.65 | 4.93 | 4.63 | 5.27 | 1.80 | 3.74 |
| Current ratio | 1.11 | 1.17 | 1.31 | 1.04 | 1.33 | 1.54 | 1.17 | 1.03 | 5.58 | 1.45 |
| Quick ratio | 0.64 | 0.74 | 0.81 | 0.63 | 0.92 | 1.07 | 0.72 | 0.69 | 5.03 | 1.06 |
| Interest coverage | 4.2 | 4.5 | 4.7 | 5.7 | 4.8 | 1.7 | 2.8 | 2.1 | 2.9 | 3.7 |
| Working capital | $942.0M | $1.51B | $2.04B | $330.0M | $2.21B | $3.13B | $989.0M | $195.0M | $15.29B | $1.97B |
| Invested capital | $43.71B | $45.17B | $41.20B | $41.07B | $39.70B | $38.85B | $39.91B | $41.33B | $17.60B | $17.28B |
| Tangible asset value | −$10.63B | −$11.49B | −$9.67B | −$11.65B | −$12.99B | −$13.67B | −$17.19B | −$19.05B | −$508.0M | −$6.14B |
| Net current asset value | −$20.68B | −$20.93B | −$18.31B | −$19.51B | −$21.36B | −$21.28B | −$24.04B | −$25.50B | −$6.15B | −$11.59B |
| Graham number | $107.83 | $108.29 | $101.77 | $110.70 | $114.29 | $76.55 | $88.01 | $45.80 | $80.06 | $59.52 |
| Graham net-net per share | −$86.67 | −$85.56 | −$76.36 | −$80.84 | −$84.44 | −$85.81 | −$98.51 | −$108.79 | −$37.36 | −$64.23 |
| Capital allocation | ||||||||||
| Dividends paid | $1.20B | $1.10B | $1.11B | $1.08B | $1.05B | $1.03B | $984.0M | $927.0M | $677.0M | $562.0M |
| Share buybacks (net) | $1.00B | $500.0M | $0 | $500.0M | $1.75B | $0 | $0 | $0 | $220.0M | $32.0M |
| Dividend payout ratio | 71.3% | 64.5% | 75.1% | 60.8% | 50.1% | 117.4% | 79.8% | 298.1% | 61.5% | 57.6% |
| Dividends + buybacks / free cash flow | 82.2% | 52.1% | 52.7% | 95.3% | 81.9% | 37.6% | 41.5% | 47.1% | 49.2% | 32.3% |
| Capex / revenue | 3.5% | 3.6% | 4.5% | 5.2% | 6.4% | 5.0% | 5.5% | 5.6% | 6.0% | 5.8% |
| Capex / operating cash flow | 22.2% | 19.1% | 29.2% | 37.0% | 26.5% | 22.9% | 28.7% | 31.2% | 28.5% | 28.1% |
| Capex / depreciation | 0.31 | 0.32 | 0.38 | 0.44 | 0.54 | 0.38 | 0.42 | 0.45 | 0.67 | 0.64 |
| Stock-based compensation / revenue | 1.2% | 1.2% | 1.3% | 1.2% | 1.2% | 1.5% | 1.5% | 2.0% | 1.4% | 1.6% |
| R&D / revenue | 5.8% | 5.9% | 6.4% | 6.7% | 6.7% | 6.5% | 6.1% | 6.3% | 6.4% | 6.6% |
| SG&A / revenue | 24.2% | 24.1% | 24.4% | 25.0% | 25.4% | 27.0% | 25.1% | 25.2% | 24.4% | 24.1% |
| Efficiency | ||||||||||
| Days sales outstanding | 50.4 | 50.4 | 44.5 | 43.9 | 45.3 | 53.9 | 49.2 | 46.4 | 50.7 | 48.4 |
| Days of inventory on hand | 118.5 | 117.5 | 105.8 | 104.8 | 95.4 | 104.7 | 102.0 | 89.4 | 105.3 | 103.4 |
| Days payables outstanding | 59.3 | 58.4 | 54.4 | 60.4 | 53.8 | 48.1 | 44.6 | 39.9 | 43.5 | 36.4 |
| Cash conversion cycle (days) | 109.6 | 109.4 | 95.9 | 88.3 | 86.9 | 110.4 | 106.6 | 95.9 | 112.5 | 115.4 |
| Receivables turnover | 7.25 | 7.25 | 8.20 | 8.31 | 8.06 | 6.78 | 7.41 | 7.87 | 7.19 | 7.54 |
| Payables turnover | 6.16 | 6.25 | 6.71 | 6.05 | 6.79 | 7.58 | 8.19 | 9.16 | 8.38 | 10.02 |
| Inventory turnover | 3.08 | 3.11 | 3.45 | 3.48 | 3.83 | 3.49 | 3.58 | 4.08 | 3.47 | 3.53 |
| Asset turnover | 0.39 | 0.37 | 0.37 | 0.35 | 0.35 | 0.30 | 0.33 | 0.35 | 0.38 | 0.48 |
| Average receivables | $3.01B | $2.78B | $2.36B | $2.27B | $2.37B | $2.37B | $2.33B | $2.03B | $1.68B | $1.66B |
| Average payables | $1.94B | $1.77B | $1.67B | $1.72B | $1.55B | $1.22B | $1.10B | $951.5M | $731.0M | $648.0M |
| Average inventory | $3.87B | $3.56B | $3.25B | $2.98B | $2.74B | $2.66B | $2.52B | $2.13B | $1.77B | $1.84B |
| Intangibles / total assets | 65.1% | 65.3% | 67.2% | 69.8% | 68.1% | 69.3% | 74.0% | 74.3% | 35.7% | 53.8% |
Computed from BDX's annual financial statements (latest annual report filed November 25, 2025) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
BDX valuation and financial ratios
At the end of fiscal 2025 (September 30, 2025), Becton Dickinson traded at 25.2 times earnings, against a 10-year median of 31.5. Based on the latest twelve months, the trailing P/E is 44.6 and the forward P/E is 13.7. Becton Dickinson earned a return on equity of 6.5% and a return on invested capital of 5.2% in fiscal 2025. It ended the year with $19.2 billion of debt and $859.0 million in cash and short-term investments, net debt of $18.3 billion. It returned $2.2 billion to shareholders: $1.2 billion in dividends and $1.0 billion in share buybacks, 82% of free cash flow. The share count rose 32.0% from 217.5M to 287.1M over 9 years.
See the BDX income statement, the BDX chart for price history, or the BDX stock overview for the latest quote and news.
BDX key metrics FAQ
What is Becton Dickinson's P/E ratio?
Becton Dickinson's trailing P/E ratio is 44.6 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 13.7. At the end of fiscal 2025 it was 25.2, compared with a 10-year median of 31.5.
What is Becton Dickinson's EV/EBITDA?
Becton Dickinson's enterprise value was 12.2 times EBITDA at the end of fiscal 2025 (enterprise value $60.6 billion, EBITDA $5.0 billion); the current EV/EBITDA is 13.4.
What is Becton Dickinson's return on equity?
Becton Dickinson's return on equity (ROE) was 6.5% in fiscal 2025: net income of $1.7 billion on average shareholders' equity of $25.6 billion.
What is Becton Dickinson's ROIC?
Becton Dickinson's return on invested capital was 5.2% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Becton Dickinson have?
Becton Dickinson had total debt of $19.2 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.76 and $18.3 billion of net debt (3.70 times EBITDA).
What is Becton Dickinson's dividend yield?
Becton Dickinson's forward dividend yield is 2.19%. Becton Dickinson paid $1.2 billion in dividends in fiscal 2025 ($4.17 per share), a payout ratio of 71.3%.
Does Becton Dickinson buy back its shares?
Yes. Becton Dickinson spent $1.0 billion on net share repurchases in fiscal 2025 Shares outstanding changed −1.3% over the year, to 287.1M..
What is Becton Dickinson's free cash flow yield?
Becton Dickinson generated $2.7 billion of free cash flow in fiscal 2025, a free cash flow yield of 6.3% on its market value at year-end ($42.2 billion).
What is Becton Dickinson's current ratio?
Becton Dickinson's current ratio was 1.11 at the end of fiscal 2025: current assets were 1.11 times current liabilities.