PHG vs. ZBH: Koninklijke Philips vs. Zimmer Biomet Stock Comparison

November 11, 2026

How do Koninklijke Philips (PHG) and Zimmer Biomet (ZBH) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Koninklijke Philips (PHG) and Zimmer Biomet (ZBH) are both classified in the Health Care Equipment sub-industry within the broader Health Care Equipment & Supplies industry, placing them in the closest GICS peer bucket.

Zimmer Biomet (ZBH) trades as ordinary local shares, while Koninklijke Philips (PHG) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for Koninklijke Philips (PHG) and Zimmer Biomet (ZBH)
Profile Item	PHG	ZBH
Name	Koninklijke Philips N.V. ADR	Zimmer Biomet Holdings Inc.
Country/Region	Netherlands	United States
GICS Sector	Health Care	Health Care
GICS Industry Group	Health Care Equipment & Services	Health Care Equipment & Services
GICS Industry	Health Care Equipment & Supplies	Health Care Equipment & Supplies
GICS Sub-Industry	Health Care Equipment	Health Care Equipment
Market Capitalization	29.67 billion USD	19.98 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	March 17, 1980	July 25, 2001
Security Type	ADR	Common Stock

Price Performance

Cumulative Growth

PHG

ZBH

GSPC

Koninklijke Philips (PHG) vs. Zimmer Biomet (ZBH), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Koninklijke Philips (PHG) and Zimmer Biomet (ZBH). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Koninklijke Philips (PHG) and Zimmer Biomet (ZBH). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Koninklijke Philips (PHG) and Zimmer Biomet (ZBH)
Metric	PHG	ZBH
Total Return (1Y)	13.15%	24.04%
Total Return (3Y, Annualized)	18.95%	2.38%
Total Return (5Y, Annualized)	-6.38%	-2.74%

Risk Profile

Drawdown History

PHG

ZBH

GSPC

Koninklijke Philips (PHG) vs. Zimmer Biomet (ZBH), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Koninklijke Philips (PHG) and Zimmer Biomet (ZBH). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Koninklijke Philips (PHG) and Zimmer Biomet (ZBH)
Metric	PHG	ZBH
Volatility (1Y, Annualized)	29.55%	32.39%
Beta (5Y)	0.65	0.42
Max Drawdown (5Y)	-74.51%	-43.94%
Avg. Volume (3M)	1.08M	2.09M

Risk-Adjusted Performance

Risk-Return Positioning

PHG and ZBH are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Koninklijke Philips (PHG) and Zimmer Biomet (ZBH)
Metric	PHG	ZBH
Sharpe Ratio (1Y)	0.30	0.61
Sortino Ratio (1Y)	0.48	0.93

Profitability

ROE (TTM)

Both Koninklijke Philips (PHG) at 8.61% and Zimmer Biomet (ZBH) at 6.03% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

PHG

Health Care Equipment & Services industry group

8.61%

Max: 47.61%
Q3: 14.36%
PHG: 8.61%
Median: 5.45%
Q1: -10.67%
Min: -47.01%

ZBH

Health Care Equipment & Services industry group

6.03%

Max: 47.61%
Q3: 14.36%
ZBH: 6.03%
Median: 5.45%
Q1: -10.67%
Min: -47.01%

Koninklijke Philips (PHG) vs. Zimmer Biomet (ZBH): A comparison of their ROE against the Health Care Equipment & Services industry group benchmark.

Net Margin (TTM)

Both Koninklijke Philips (PHG) at 5.39% and Zimmer Biomet (ZBH) at 8.95% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

PHG

Health Care Equipment & Services industry group

5.39%

Max: 29.35%
Q3: 9.33%
PHG: 5.39%
Median: 2.18%
Q1: -6.29%
Min: -28.46%

ZBH

Health Care Equipment & Services industry group

8.95%

Max: 29.35%
Q3: 9.33%
ZBH: 8.95%
Median: 2.18%
Q1: -6.29%
Min: -28.46%

Koninklijke Philips (PHG) vs. Zimmer Biomet (ZBH): A comparison of their net margin against the Health Care Equipment & Services industry group benchmark.

Operating Margin (TTM)

Zimmer Biomet (ZBH) at 17.35% operates in the top operating margin quartile, ahead of Koninklijke Philips (PHG) at 3.76%, which runs around its industry’s norm.

PHG

Health Care Equipment & Services industry group

3.76%

Max: 35.43%
Q3: 14.14%
Median: 6.81%
PHG: 3.76%
Q1: -0.28%
Min: -16.29%

ZBH

Health Care Equipment & Services industry group

17.35%

Max: 35.43%
ZBH: 17.35%
Q3: 14.14%
Median: 6.81%
Q1: -0.28%
Min: -16.29%

Koninklijke Philips (PHG) vs. Zimmer Biomet (ZBH): A comparison of their operating margin against the Health Care Equipment & Services industry group benchmark.

Profitability Metrics

Profitability metrics for Koninklijke Philips (PHG) and Zimmer Biomet (ZBH)
Metric	PHG	ZBH
ROE (TTM)	8.61%	6.03%
ROA (TTM)	3.59%	3.81%
Net Margin (TTM)	5.39%	8.95%
Operating Margin (TTM)	3.76%	17.35%
Gross Margin (TTM)	46.43%	69.33%

Growth

Revenue Growth

Zimmer Biomet (ZBH) at 7.20% is around its peer norm for revenue growth, while Koninklijke Philips (PHG) at -1.04% drops into the bottom quartile, signaling weaker demand or pricing momentum.

Koninklijke Philips (PHG) vs. Zimmer Biomet (ZBH): A comparison of their Revenue Growth across different time periods.

EPS Growth

Only one side can be read here: Zimmer Biomet (ZBH) reports EPS growth of -19.86%, ranked against its industry; Koninklijke Philips (PHG) has no EPS growth figure this period.

Koninklijke Philips (PHG) vs. Zimmer Biomet (ZBH): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Koninklijke Philips (PHG) and Zimmer Biomet (ZBH)
Metric	PHG	ZBH
Revenue Growth (YoY)	-1.04%	7.20%
Revenue Growth (3Y CAGR)	0.01%	5.85%
EPS Growth (YoY)	--	-19.86%
EPS Growth (3Y CAGR)	--	47.78%

Financial Strength

Current Ratio (MRQ)

Zimmer Biomet (ZBH) at 1.46 keeps current ratio within its industry’s typical mid-range, while Koninklijke Philips (PHG) at 1.33 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for PHG.

PHG

Health Care Equipment & Services industry group

1.33

Max: 7.59
Q3: 4.00
Median: 1.98
Q1: 1.37
PHG: 1.33
Min: 0.30

ZBH

Health Care Equipment & Services industry group

1.46

Max: 7.59
Q3: 4.00
Median: 1.98
ZBH: 1.46
Q1: 1.37
Min: 0.30

Koninklijke Philips (PHG) vs. Zimmer Biomet (ZBH): A comparison of their current ratio against the Health Care Equipment & Services industry group benchmark.

Debt / Equity (MRQ)

Both Koninklijke Philips (PHG) at 0.70 and Zimmer Biomet (ZBH) at 0.60 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

PHG

Health Care Equipment & Services industry group

0.70

Max: 1.88
Q3: 0.91
PHG: 0.70
Median: 0.58
Q1: 0.16
Min: 0.00

ZBH

Health Care Equipment & Services industry group

0.60

Max: 1.88
Q3: 0.91
ZBH: 0.60
Median: 0.58
Q1: 0.16
Min: 0.00

Koninklijke Philips (PHG) vs. Zimmer Biomet (ZBH): A comparison of their debt-to-equity ratio against the Health Care Equipment & Services industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Koninklijke Philips (PHG) and Zimmer Biomet (ZBH)
Metric	PHG	ZBH
Current Ratio (MRQ)	1.33	1.46
Debt / Equity (MRQ)	0.70	0.60
Net Debt / EBITDA	2.45	2.85

Dividends

Dividend Yield (TTM)

Koninklijke Philips (PHG) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Zimmer Biomet (ZBH) reports a yield of 0.90%, ranking against industry peers normally.

PHG

Health Care Equipment & Services industry group

0.00%

PHG: 0.00%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

ZBH

Health Care Equipment & Services industry group

0.90%

ZBH: 0.90%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Koninklijke Philips (PHG) vs. Zimmer Biomet (ZBH): A comparison of their dividend yield against the Health Care Equipment & Services industry group benchmark.

Dividend Payout Ratio (TTM)

Koninklijke Philips (PHG) reports payout ratio above 100% at 211.79%, meaning dividends exceeded current-period earnings and sustainability needs extra context. Meanwhile Zimmer Biomet (ZBH) reports 24.24%, ranking against industry peers normally.

PHG

Health Care Equipment & Services industry group

211.79%

PHG: 211.79%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

ZBH

Health Care Equipment & Services industry group

24.24%

ZBH: 24.24%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Koninklijke Philips (PHG) vs. Zimmer Biomet (ZBH): A comparison of their payout ratio against the Health Care Equipment & Services industry group benchmark.

Dividend Metrics

Dividend metrics for Koninklijke Philips (PHG) and Zimmer Biomet (ZBH)
Metric	PHG	ZBH
Dividend Yield (TTM)	0.00%	0.90%
Dividend Payout Ratio (TTM)	211.79%	24.24%

Valuation

P/E Ratio (TTM)

Zimmer Biomet (ZBH) at 26.66 is near its industry’s usual P/E ratio, while Koninklijke Philips (PHG) at 63.23 sits in the richer quartile — PHG needs stronger growth or earnings quality to justify the premium.

PHG

Health Care Equipment & Services industry group

63.23

Max: 80.41
PHG: 63.23
Q3: 47.62
Median: 29.93
Q1: 21.19
Min: 4.21

ZBH

Health Care Equipment & Services industry group

26.66

Max: 80.41
Q3: 47.62
Median: 29.93
ZBH: 26.66
Q1: 21.19
Min: 4.21

Koninklijke Philips (PHG) vs. Zimmer Biomet (ZBH): A comparison of their P/E ratio against the Health Care Equipment & Services industry group benchmark.

P/S Ratio (TTM)

On P/S ratio, both Koninklijke Philips (PHG) at 1.67 and Zimmer Biomet (ZBH) at 2.33 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

PHG

Health Care Equipment & Services industry group

1.67

Max: 8.80
Q3: 4.32
Median: 2.13
PHG: 1.67
Q1: 1.10
Min: 0.03

ZBH

Health Care Equipment & Services industry group

2.33

Max: 8.80
Q3: 4.32
ZBH: 2.33
Median: 2.13
Q1: 1.10
Min: 0.03

Koninklijke Philips (PHG) vs. Zimmer Biomet (ZBH): A comparison of their P/S ratio against the Health Care Equipment & Services industry group benchmark.

P/B Ratio (MRQ)

Zimmer Biomet (ZBH) at 1.58 sits in the lower P/B ratio quartile against book while Koninklijke Philips (PHG) at 2.28 is valued near its industry’s middle — ZBH is cheaper on assets, though weigh it against ROE and asset quality.

PHG

Health Care Equipment & Services industry group

2.28

Max: 11.68
Q3: 6.12
Median: 3.00
PHG: 2.28
Q1: 1.73
Min: -1.31

ZBH

Health Care Equipment & Services industry group

1.58

Max: 11.68
Q3: 6.12
Median: 3.00
Q1: 1.73
ZBH: 1.58
Min: -1.31

Koninklijke Philips (PHG) vs. Zimmer Biomet (ZBH): A comparison of their P/B ratio against the Health Care Equipment & Services industry group benchmark.

Valuation Metrics

Valuation metrics for Koninklijke Philips (PHG) and Zimmer Biomet (ZBH)
Metric	PHG	ZBH
P/E Ratio (TTM)	63.23	26.66
P/S Ratio (TTM)	1.67	2.33
P/B Ratio (MRQ)	2.28	1.58
Free Cash Flow Yield (TTM)	6.23%	7.22%