ZBH
Zimmer Biomet Holdings, Inc. Healthcare - Medical Devices Investor Relations →
Zimmer Biomet Holdings, Inc. (ZBH) closed at $89.91 as of 2026-02-02, trading 18.7% below its 200-week moving average of $110.56. This places ZBH in the extreme value zone. The stock moved further from the line this week, up from -21.4% last week. The 14-week RSI sits at 38, indicating neutral momentum.
Over the past 1232 weeks of data, ZBH has crossed below its 200-week moving average 18 times. On average, these episodes lasted 24 weeks. Historically, investors who bought ZBH at the start of these episodes saw an average one-year return of +10.2%.
With a market cap of $17.8 billion, ZBH is a large-cap stock. The company generates a free cash flow yield of 6.6%, which is healthy. Return on equity stands at 6.4%. The stock trades at 1.4x book value.
Over the past 23.7 years, a hypothetical investment of $100 in ZBH would have grown to $285, compared to $1168 for the S&P 500. ZBH has returned 4.5% annualized vs 10.9% for the index, underperforming the broader market over this period.
Free cash flow has been declining at a -5.3% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Growth of $100: ZBH vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After ZBH Crosses Below the Line?
Across 18 historical episodes, buying ZBH when it crossed below its 200-week moving average produced an average return of +8.0% after 12 months (median +13.0%), compared to +9.0% for the S&P 500 over the same periods. 72% of those episodes were profitable after one year. After 24 months, the average return was +9.8% vs +20.8% for the index.
Each line shows $100 invested at the moment ZBH crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
ZBH has crossed below its 200-week MA 18 times with an average 1-year return of +10.2% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Jul 2002 | Jul 2002 | 2 | 3.5% | +47.6% | +242.4% |
| Apr 2006 | Aug 2006 | 15 | 17.3% | +44.7% | +65.9% |
| Oct 2007 | Jan 2008 | 14 | 15.0% | -37.0% | +52.7% |
| Feb 2008 | Mar 2008 | 2 | 0.3% | -53.5% | +38.6% |
| Apr 2008 | Jan 2011 | 145 | 53.3% | -40.2% | +39.8% |
| Aug 2011 | Jan 2012 | 22 | 15.2% | +16.0% | +96.0% |
| Nov 2016 | Nov 2016 | 1 | 1.8% | +13.9% | +1.8% |
| Nov 2016 | Dec 2016 | 1 | 0.1% | +15.3% | -0.4% |
| Mar 2018 | Apr 2018 | 5 | 5.1% | +18.9% | -8.0% |
| May 2018 | May 2018 | 1 | 0.2% | +4.0% | -11.2% |
| Jun 2018 | Jul 2018 | 1 | 0.3% | +6.5% | -11.5% |
| Jul 2018 | Jul 2018 | 1 | 0.0% | +11.5% | -11.9% |
| Nov 2018 | Jan 2019 | 10 | 12.0% | +28.7% | -12.9% |
| Mar 2020 | May 2020 | 10 | 28.6% | +68.2% | -0.6% |
| Jun 2020 | Jul 2020 | 3 | 3.8% | +44.7% | -16.0% |
| Nov 2021 | Apr 2023 | 72 | 20.6% | -8.0% | -25.4% |
| May 2023 | Jun 2023 | 2 | 1.7% | -8.1% | -27.8% |
| Jul 2023 | Ongoing | 132+ | 21.9% | Ongoing | -27.2% |
| Average | 24 | — | +10.2% | — |
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of Friday close, 2026-02-02