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⚠️ Not investment advice. Past performance does not guarantee future results.
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Solventum SOLV

United StatesHealthcare · Medical Instruments & SuppliesUSD
5.6AI score
Rank 1,371 of 2,130
better than 35% of companies
85.88USD
▲ 21.8% in one year
SOLV MSCI World +22.1%
Average analyst target
94.31 USD (+9.8%)
13 analysts
52-wk low 62.38High 94.16
📈 Chart on TradingView ↗(affiliate link)Analysis of 08/10/2026

What does it do?

Solventum Corporation is a healthcare company offering medical products and solutions, including surgical supplies, wound care, and health information technology, following its spin-off from 3M.

Key points

from its scores
  • ✓Good share-price trend7.7
  • ✓Favourable backdrop7.1
  • ✕Little or no dividend1.5
  • ✕Fragile balance sheet3.5
  • !Moderate growth5.0

AI analysis

bottom line, main risk, context and news
Bottom line

The cheap valuation and strong ROE offset debt risk, but it is only attractive if it reduces leverage and demonstrates sustained growth.

Solventum shows fragile financial health (Net Debt/EBITDA of 4.29) but solid quality (ROE of 33.96%) and attractive valuation (P/E of 10.51), with moderate growth and no dividend; positive momentum (24.01%) suggests recovery, though leverage and high rates limit its appeal.

⚠ Main risk

High leverage (Net Debt/EBITDA of 4.29) and exposure to legacy 3M litigation are the biggest risk, especially with rising interest rates making its debt more expensive.

Context and risks

Solventum, spun off from 3M, operates in a regulated U.S. healthcare sector with exposure to legacy litigation and pricing pressure on medical devices. The country's moderate governance risk and its high debt structure (Net Debt/EBITDA of 4.29) amplify its sensitivity to a rising rate environment, though its medical supplies business does not depend on commodities or geopolitical routes.

Is Solventum stock cheap or expensive?

at the analysis date
Cheaper than its sector

On P/E and EV / EBITDA, it trades 21% below the Healthcare median on average.

MultipleCompanySectorDifference
P/E10.526.7−61%
EV / EBITDA17.114.5+18%
Price / book3.04.1−26%
Price / sales1.83.4−49%

Sector: median of the 217 Healthcare companies analysed. In bold, the multiples used for the comparison.

Valuation score: 6.4 out of 10 (median for Healthcare: 4.7).

Average analyst target: 94.31 USD, +9.8% versus the price.

A discount may reflect more risk or slower growth than its sector: Financial health 3.5 (sector 6.5), Growth 5.0 (sector 6.6).

Indicative fair value · USD
Graham69.44▼ −19% vs price
Cash flow (DCF)37.54▼ −56% vs price
Price85.88at the analysis date

Classic formulas with standard assumptions (0.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.

Work out its fair value yourself →How much would you have made investing every month? →

Comparing it with its sector does not say whether it is a good buy: this is not investment advice.

🛒 Where to buy SOLVCheapest · US (NYSE/Nasdaq) · sample 200.00 € orderCheapest · US (NYSE/Nasdaq) · sample 200.00 € orderAvailable in your country · US (NYSE/Nasdaq) · sample 200.00 € order
By the cost of that order: commission and FX, taxes excluded (public fee schedules). Brokers marked «affiliate» may pay Meridian a commission at no cost to you. This is not investment advice. · Compare all 22 brokers by real cost →

Score by category

0 to 10 · hover overtap each one to see what it measures
Financial healthiWeak3.5Healthcare median: 6.5
Quality / MoatiFair6.3Healthcare median: 5.5
ValuationiFair6.4Healthcare median: 4.7
GrowthiFair5.0Healthcare median: 6.6
DividendiPoor1.5Healthcare median: 1.5
MomentumiGood7.7Healthcare median: 6.2
Risk & ContextiGood7.1Healthcare median: 7.1
Healthcare median7 or more 5 to 7 under 5

Key metrics

at the analysis date · compared with the Healthcare median
P/Ei
10.5
Healthcare: 26.7below
EV / EBITDAi
17.1
Healthcare: 14.5above
ROEi
34.0%
Healthcare: 10.8%above
Operating margini
9.8%
Healthcare: 15.2%below
Net debt / EBITDAi
4.29
Healthcare: 1.53above
Revenue growthi
+2.2%
Healthcare: +8.8%below

Valuation

P/E
10.5
Forward P/E
11.9
EV / EBITDA
17.1
Price / book
3.0
Price / sales
1.8
PEG
1.22
Market cap
14.6B USD
Enterprise value
19.5B USD

Profitability

ROE
34.0%
ROA
2.7%
ROIC (approx.)
8.1%
Gross margin
54.8%
Operating margin
9.8%
Net margin
17.3%
Free cash flow
489.0M USD
FCF yield
3.3%
Cash conversion
43%

Solvency

Total debt
5.3B USD
Net debt
4.9B USD
Cash
403.0M USD
EBITDA
1.1B USD
Net debt / EBITDA
4.29
Debt / equity
110.31
Current ratio
1.02
Quick ratio
0.50

Growth

Revenue growth
+2.2%
Earnings growth
+3.9%
EPS (TTM)
8.17 USD
EPS (forward)
7.23 USD

Dividend

Dividend yield
0.0%
Payout
0.0%

Risk and market

Beta
0.70
Analyst consensus
Buy (13)
Target price
94.31 USD
52-week range
62.38 – 94.16

Compare it with its sector

All 217 in Healthcare →
See the full ranking with filters →

Keep browsing the ranking

sorted by score, highest first

Frequently asked questions about Solventum

Is Solventum stock cheap or expensive?

On P/E and EV / EBITDA, it trades 21% below the Healthcare median on average. Valuation score: 6.4 out of 10 (median for Healthcare: 4.7). Average analyst target: 94.31 USD, +9.8% versus the price. This is not investment advice.

What score does Solventum get on MeridIAn Screener?

It scores 5.6 out of 10, rank 1,371 of 2,130 (better than 35% of the companies analysed). Its strongest category is Momentum (7.7) and its weakest, Dividend (1.5). Analysis of 08/10/2026.

What is Solventum's P/E ratio?

Its P/E is 10.5: the share price equals 10.5 times earnings per share over the last 12 months. The Healthcare median is 26.7. Based on the earnings analysts expect, the forward P/E is 11.9.

How much is Solventum worth on the stock market?

Its market capitalisation is 14.6B USD and its enterprise value, debt included, is 19.5B USD.

How much debt does Solventum have?

Its net debt (debt minus cash) is 4.9B USD. That is 4.29 times its EBITDA; the Healthcare median is 1.53.

Does Solventum pay a dividend?

It pays no dividend, or almost none.

How has Solventum stock performed over the last year?

It has risen 21.8% over the last year, excluding dividends. Over the last 52 weeks it has traded between 62.38 and 94.16 USD. Past performance does not guarantee future results.

What do analysts think of Solventum?

13 analysts cover it; their average recommendation is “Buy” and their average target is 94.31 USD (+9.8% versus the price). It is an estimate, not market data.