STERIS plc (STE) Stock Analysis 2026

This chart shows how STE's revenue flows through to profit. Each row deducts a layer of costs: first the direct cost of making products/services (Cost of Revenue), then operating expenses like marketing and R&D, then taxes. What remains at the bottom is net income — the actual profit shareholders own. High gross and net margins indicate a business with strong pricing power and efficiency.

STERIS plc trades at a trailing P/E of 28.58x, generates $798.9M in free cash flow, runs a debt/equity ratio of 28.31, and converts shareholder equity into profit at a 11.4% return on equity. For context: P/E ratio measures how much you pay for $1 of earnings (lower = cheaper, but fast-growing companies command higher P/E); Free Cash Flow is the cash left after running the business; Debt/Equity shows how leveraged a company is; Return on Equity shows how efficiently it turns shareholder capital into profit.

9 analysts covering STERIS plc currently lean toward a Buy rating, with a mean 12-month price target of $263.13 (+18.2% vs the current price). Analysts set these targets after researching a company's earnings, competitive position, and industry trends — Strong Buy / Buy means the majority expect meaningful upside, while Hold means fair value near the current price rather than a sell signal.

We use 1 valuation model to estimate STE's intrinsic value. Intrinsic value is what a stock is truly worth based on the company's fundamentals, independent of what the market prices it at today. If multiple models agree the stock is undervalued, that convergence is a stronger signal.

STE is currently in a death cross pattern, trading below its 50-day average of $223.52 and below its 200-day average of $233.55. Moving averages smooth out day-to-day volatility to reveal the underlying trend — a Golden Cross (50MA crosses above 200MA) is a classic bullish signal, a Death Cross is bearish, though both are lagging indicators that confirm trends rather than predict them.

In-depth reports on companies operating alongside STE — business models, bull and bear cases, and the metrics that matter.