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PHGKoninklijke Philips N.V.
$30.35$29.7B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
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Income StatementBalance SheetCash FlowRatios & Margins
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P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
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PHG logo

Koninklijke Philips N.V.

PHG
NYSE · Medical Imaging & Radiation
$30.35
At close - USD
Market Cap$29.66B
P/E29.2x
52W High$33.44
Volume1.79M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q3

Margin Recovery Outpaces Top-Line Growth at Philips

Philips' gross margin has recovered from 38.9% in 2024Q4 to 46.4% in 2026Q3, yet revenue growth has stalled near 1.5% year over year and operating margin of 10.8% suggests much of the gross gain is absorbed by SG&A of roughly $1.1B per quarter.

GrowthStable
ProfitabilityModerate
ValuationAttractive
TechnicalsNeutral
Explore valuation models
MARKET ACTION

PHG price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

9/12 Beats

EPS beat 9 of last 12 quarters

02

Valuation risk

-22% Peers

P/E is 22% below peer median

03

Market leadership

RS 80 · Leader

High momentum (Outperforming 80% of market)

04

Trend Check

N/A

Trend data unavailable

Next CatalystEstimated earnings · Feb 3
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Gross margin expanded to 46.4% in 2026Q3, but operating margin of 10.8% and revenue growth of only 1.5% suggest the transformation has not yet translated into meaningful top-line acceleration or overhead leverage.

Analyst Consensus
Hold(22 analysts)
8 Buy14 Hold0 Sell

The Bull Case

Upside Catalysts

Operational efficiency focus

Philips is viewed positively due to its focus on operational efficiency and profitability improvement, which is expected to drive shareholder value.

Margin recovery potential

The company is undergoing operational simplification and margin recovery, which could enhance its financial performance in the medtech landscape.

Attractive valuation metrics

Philips has a forward P/E ratio of 14.90, suggesting potential undervaluation compared to its trailing P/E of 151.71, indicating improved earnings expectations.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
PHG+15.77%
S&P 500 (^GSPC)+7.63%
1-Year Return
PHG+10.98%
S&P 500 (^GSPC)+9.69%
3-Year Return
PHG+71.07%
S&P 500 (^GSPC)+67.95%
5-Year Return
PHG-23.30%
S&P 500 (^GSPC)+56.17%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
28.2x
Forward P/EExpansion
18.2x
EV/EBITDA0th %ile
10.5x
FCF YieldCash Flow
7.9%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
28.2x
53.3x
0th· Low
EV/EBITDA
10.5x
19.3x
0th· Low
Price/FCF
12.6x
22.2x
25th· Low
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$23.51-22.5%
Base (Fair)$43.51+43.4%
Bull$70.82+133.3%
$23.51 Bear$43.51 Base$70.82 Bull
Current Market Price: $30.35
Trades at a 30.2% discount to Base DCF ($43.51)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$17.83B-1.0% YoY
Net income FY25
$895M+227.5% YoY
Free cash flow FY25
$893M-34.1% YoY
Operating margin FY25
8%+5.0 pts YoY
ROIC (FY25)6.4%
Avg ROIC 5Y-
ROE (FY25)7.8%
Piotroski Score7 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate9/12 (75%)
Revenue Beat Rate7/12 (58%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q4 2026Latest
Nov 3, 2026
$0.46+24.3%
vs $0.37
$4.9B-1.6%
vs $5.0B
Q3 2026
Jul 27, 2026
$0.57+42.5%
vs $0.40
$5.0B+1.2%
vs $4.9B
Q2 2026
May 6, 2026
$0.27+12.5%
vs $0.24
$4.6B+2.2%
vs $4.5B
Q1 2026
Feb 10, 2026
$0.70+23.9%
vs $0.56
$6.1B+3.1%
vs $5.9B
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
GlobeNewsWire·Oct 29, 2026
Philips launches UniGuide 3D Live Guidance, bringing CT planning into live procedures and extending the capabilities of its Azurion image-guided therapy platform

October 29, 2026 New CE-marked solution leverages the industry-leading Philips Azurion platform to integrate CT-derived insights and treatment planning directly into the procedural workflow, helping physicians make informed decisions during treatment. Amsterdam, the Netherlands – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, and a pioneer in image-guided therapy, today announced the launch of Philips UniGuide 3D Live Guidance in Europe and other CE-marked markets.

PRNewsWire·Oct 27, 2026
Philips identifies three beauty tech trends set to transform beauty routines into lasting relationships by 2027

Leading beauty industry voices, Dr. Aamna Adel, UK Consultant Dermatologist and HCP influencer , Alice Crossley, Principal Strategic Foresight Analyst at The Future Laboratory , and Tiffany Buathier, Founder of The New Well,  share their perspectives on the next phase of beauty technology and what it means for the industry. AMSTERDAM, Oct. 27, 2026 /PRNewswire/ -- Personal care has become a meaningful part of daily well-being, with people making intentional choices about how they begin their mornings, unwind in the evening and care for themselves throughout the day.

Business Wire·Oct 22, 2026
Gaming Has Become a Source of Real-World Style Inspiration. The Most Important Character That Gamers Are Customizing?

CAMBRIDGE, Mass.--(BUSINESS WIRE)--Royal Philips (NYSE: PHG, AEX: PHIA) – From character creation and custom skins to real-world cosplay fashion and streaming culture, gaming has its own visual language, and its influence on personal style extends beyond the screen. For many male gamers, the characters they play are another source of inspiration for how they show up IRL. New research from Philips Norelco OneBlade finds that 80% of U.S. male gamers ages 18–45 have taken inspiration from gaming a.

GlobeNewsWire·Oct 20, 2026
Philips highlights Integrated Diagnostics' role in the future of cardiovascular informatics following MediReport acquisition

October 20, 2026 Advanced reporting and workflow capabilities developed by MediReport are expected to complement Philips' cardiovascular informatics portfolio and support its evolution toward a more connected, AI-enabled and cloud-ready cardiovascular experience.  Amsterdam, the Netherlands – October 20, 2026 – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today highlighted how advanced reporting and workflow capabilities developed by MediReport are expected to complement its cardiovascular informatics portfolio and support its broader Integrated Diagnostics vision ahead of Transcatheter Cardiovascular Therapeutics (TCT) 2026.

Filtered for Koninklijke Philips N.V.More Headlines
04

Compare before deciding

Benchmark PHG against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Koninklijke Philips N.V. (PHG)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
PHG logoPHGKoninklijke Philips N.V.Current
$30.35$29.66B29.20-1.04%5.02%7.77%1.25%
SYK logoSYKStryker Corporation
$325.78$124.89B38.7811.16%13.78%15.61%1.03%
BSX logoBSXBoston Scientific Corporation
$42.75$63.54B22.0419.87%16.56%13.74%—
EW logoEWEdwards Lifesciences Corporation
$102.14$58.81B55.8111.55%15.43%9.66%—
BAX logoBAXBaxter International Inc.
$25.79$13.32B-14.745.72%-6.23%-11.67%2.63%
ZBH logoZBHZimmer Biomet Holdings, Inc.
$105.59$20.43B29.747.2%9.48%6.36%0.91%

Compare PHG vs Peers

Koninklijke Philips N.V. (PHG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs SYK

Most directly comparable listed peer for PHG.

Scale Benchmark

vs GE

Larger-name benchmark to compare PHG against a more recognizable public peer.

Peer Set

Compare Top 5

vs SYK, BSX, EW, BAX

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PHG Frequently Asked Questions

Koninklijke Philips N.V. (PHG) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Koninklijke Philips N.V.'s revenue?

Koninklijke Philips N.V. (PHG) reported $17.73B in revenue over the trailing twelve months. Revenue was $17.83B in fiscal year 2025. That is 44% less than the $31.92B of fiscal year 1996.

How fast is Koninklijke Philips N.V. growing?

Koninklijke Philips N.V. (PHG) revenue fell by 1.0% in fiscal year 2025, compared with the prior fiscal year.

Is PHG profitable?

Yes. Koninklijke Philips N.V. (PHG) earned $956.8M in net income over the trailing twelve months (a 5.4% net margin).

Dividend & Returns
Does PHG pay dividends?

Yes. Koninklijke Philips N.V. (PHG) pays a dividend that yields 1.25% at the current price, a moderate yield.

What is PHG's return on equity?

Koninklijke Philips N.V. (PHG) had a return on equity (ROE) of 7.8% in fiscal year 2025. That is below the market's typical 10-15%.

What is Koninklijke Philips N.V.'s free cash flow?

Koninklijke Philips N.V. (PHG) generated $2.11B in free cash flow over the trailing twelve months.

What if you invested $1,000 in PHG back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →