Alcon Inc
Alcon Inc (ALC) is listed on NYSE and classified in Medical Instruments & Supplies, part of the Healthcare sector. It is headquartered in Geneva, Switzerland and has 25,000 employees. The company is worth $34.14B and trades at 51.2x its earnings of the last twelve months; the median for its sector is 24.3x. Revenue was $10.4B in fiscal 2025, up 4.9% from the year before. Net income was $980M. The share price is 19.4% below its 52-week high of $87.64. It pays a dividend yielding 0.51%. 5 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Two Sigma (Two Sigma Investments), at $30.5M. In that quarter, 2 of them opened or added to the position and 3 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▼ -15.6% over 5Y.
today you would have $808.11▼ -19.2%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 4 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Year-end price | $78.81 | $84.89 | $78.12 | $68.55 | |
| P/E | 40.6x | 39.8x | 41.4x | 39.9x | 100.8x |
| P/S | 4.0x | 3.7x | 4.2x | 4.1x | 3.9x |
| P/B | 1.8x | 1.7x | 1.9x | 1.9x | 1.7x |
| EPS | $1.98 | $2.05 | $1.96 |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 25.0% a year plus a 0.5% dividend yield. Growth capped at 25%.
Median P/E of 24.3 among peers in the sector.
Median P/E of 40.6 across this company’s own years on record.
Cash flow growing 15.0% a year for 10 years, discounted at 10%, then 2.5% forever.
Sector median of 14.1x operating profit, less net debt. Banks have no EBITDA.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Companies of similar size in Healthcare, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| ZTSZoetis Inc. | $82.00 | 13.5x | 10.8x | 2.59% | 64.91% | $33.88B |
| MTDMettler Toledo International Inc/ | $1,684.64 | 38.0x | 2632.3x | 0.00% | — | $33.75B |
| CNCCentene Corp | $71.24 | — | 1.6x | 0.00% | -20.36% | $35.19B |
| RMDResmed Inc | $253.06 |
| $0.68 |
| Dividend yield | 0.31% | 0.42% | 0.31% | 0.30% | 0.30% |
| Payout | 14.80% | 16.72% | 12.88% | 12.04% | 30.15% |
| Profit margin | 9.85% | 9.42% | 10.27% | 10.30% | 3.84% |
| ROE | 4.59% | 4.45% | 4.73% | 4.72% | 1.70% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
6 methods answered, across 3 families.
Room for errors in the reported numbers.
+8.1% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 23.6x |
| 5.5x |
| 1.04% |
| 24.27% |
| $35.59B |
| GEHCGE HealthCare Technologies Inc. | $71.42 | 15.9x | 2.9x | 0.22% | 19.38% | $32.26B |
| RPRXRoyalty Pharma plc | $63.75 | 33.0x | 4.2x | 1.47% | 13.96% | $36.84B |