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The Screen · Healthcare · Medical Devices
Edwards Lifesciences
EW · a US exchange · USD · Market cap $54.4B · 16,000 employees
Edwards Lifesciences Corporation provides products and technologies to treat advanced cardiovascular diseases in the United States, Europe, Japan, and internationally.
Positioning no disclosures inside 60 days, left as found
Options put/call open interest 0.20, read 2026-11-05
Ethical passes the values gate
Price100.82 USD
Fair value88.19
Ethical score83.9/100
Value readOvervaluedas of 5 Nov 2026
Our investment reviews on this name
2026-10-18Read Accumulation88.10+14.4% to today ✓Markdown gives way to Accumulation
2026-10-11Read Markdown86.29+16.8% to today Distribution gives way to Markdown
2026-10-02Read Distribution86.29+16.8% to today Accumulation gives way to Distribution
2026-08-28Read Accumulation89.83+12.2% to today ✓Markup gives way to Accumulation with volume flow in agreement
Our analytic regime reads on this name, dated and marked against the screened price. Small sample per name, and separate from the daily-framework accuracy on the Track Record page.
Edwards Lifesciences holds its Markup at $100.82. Consolidating, no directional conviction, held for 254 days.
As held on the ledger · 2026-11-05
Phase
Markup
Quantitative state
Consolidating, no directional conviction, held for 254 days
Price at the screen
$100.82
Valuation
56.21 trailing · 27.93 forward price to earnings
Values screen
PASS· score 83.9
Beta
0.86
The Workings
Five Screens, Shown in Full
Full pass across all five screens. This security clears the Titan Ethical Standard: its business and its balance sheet both stay inside the lines.
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
5.15%
Below 33%
Interest-bearing debt is just 5.1% of its assets, well under the one-third ceiling: it does not run on borrowed money.
Pass
Interest-bearing cash
1.78%
Below 33%
Cash held in interest-bearing accounts and securities is 1.8% of assets, under the one-third limit.
Pass
Receivables
26.27%
Below 49%
Money owed to the company is 26.3% of assets, under the 49% limit.
Pass
Revenue purity
2.78%
Below 5%
Only 2.8% of revenue comes from non-compliant sources, under the 5% line.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
The Ethical Read
Why It Clears, in Plain English
Edwards Lifesciences clears all five screens. Its business is in a permissible area, its interest-bearing debt is about 5%, inside the ~33% line, and interest is about 3% of its income, under the ~5% line, so it passes.
Read as at 2026-11-05. It updates when the underlying figures move, and past reads are kept below.
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What the Numbers Say It Is Worth
The Fair Value Range
Our analysis reads Overvalued vs our fair value, as of 5 Nov 2026: it trades above our $88.19 fair value estimate, moderate competitive moat, 13.60% revenue growth.
Fair value range in USD, drawn from the 2026-11-05 screen. The gold marker is the market price at the same screen. The price runs 14.3% above the base estimate.
Where our models see it going: fair-value estimate $88.19, with a range of $75.60 to $101.42, dated to the 2026-11-05 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Heart valves swapped through a thin tube
When surgeons replace a failing aortic valve they now thread a new one through a small incision rather than opening the chest. Edwards supplies the kit that makes this possible and that keeps demand steady across ageing populations.
Revenue is rising 17 percent, margins hold at 17 percent and the ethical screen is clear, yet the shares sit only two percent below our fair value at a forward multiple of 25.5 times. A moderate moat exists but the narrow gap to fair value leaves little reward for the price paid today.
Return on equity of just 10 percent signals limited pricing power once competition arrives or hospital budgets tighten. Any miss on procedure growth would quickly expose the valuation. Analysis, not advice.
Another profit measure, before interest, tax and non-cash costs: EBITDA.
The risks · The main risks here are ordinary market swings and the chance our fair-value read proves too optimistic.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
EW trades on a US exchange. As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-11-04Accumulation$95.19+2.1%Entry 17
The analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved up 2.1% since our last review. Ethical screening: PASS with strong ethical credentials. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 5% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 13%. Our forward projection puts the odds of a 10% gain over the next month near 20%. The street (27 analysts) rates it buy, with a mean price target of $97. It reported earnings in this window, a natural checkpoint for the thesis.
2026-11-03Accumulation$93.26+1.4%Entry 16
The analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved up 1.4% since our last review. Ethical screening: PASS with strong ethical credentials. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 5% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 13%. Our forward projection puts the odds of a 10% gain over the next month near 20%. The street (27 analysts) rates it buy, with a mean price target of $97. It reported earnings in this window, a natural checkpoint for the thesis.
2026-11-02Accumulation$92.01+0.0%Entry 15
The analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: PASS with strong ethical credentials. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 5% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 13%. Our forward projection puts the odds of a 10% gain over the next month near 20%. The street (27 analysts) rates it buy, with a mean price target of $97. It reported earnings in this window, a natural checkpoint for the thesis.
2026-11-01Accumulation$92.01+0.0%Entry 14
The analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: PASS with strong ethical credentials. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 5% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 13%. Our forward projection puts the odds of a 10% gain over the next month near 20%. The street (27 analysts) rates it buy, with a mean price target of $97. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-31Accumulation$92.01-2.6%Entry 13
The analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 2.6% since our last review. Ethical screening: PASS with strong ethical credentials. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 5% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 13%. Our forward projection puts the odds of a 10% gain over the next month near 20%. The street (27 analysts) rates it buy, with a mean price target of $97. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-30Accumulation$94.44+2.9%Entry 12
The analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved up 2.9% since our last review. Ethical screening: PASS with strong ethical credentials. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 5% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 13%. Our forward projection puts the odds of a 10% gain over the next month near 20%. The street (27 analysts) rates it buy, with a mean price target of $97. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-29Accumulation$91.78+4.2%Entry 11
The analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved up 4.2% since our last review. Ethical screening: PASS with strong ethical credentials. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 5% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 13%. Our forward projection puts the odds of a 10% gain over the next month near 20%. The street (27 analysts) rates it buy, with a mean price target of $97. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-28Accumulation$88.10+0.0%Entry 10
The analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: PASS with strong ethical credentials. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 5% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 13%. Our forward projection puts the odds of a 10% gain over the next month near 20%. The street (27 analysts) rates it buy, with a mean price target of $97. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-25Accumulation$88.10+0.0%Entry 9
The analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: PASS with strong ethical credentials. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 2% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 13%. Our forward projection puts the odds of a 10% gain over the next month near 20%. The street (27 analysts) rates it buy, with a mean price target of $97.
The framework has shifted from markdown to accumulation since the last review. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved up 2.1% since our last review. Ethical screening: PASS with strong ethical credentials. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 8% above its long-term trend line with momentum reading bullish. Over the past year the shares are up 13%. Our forward projection puts the odds of a 10% gain over the next month near 20%. The street (27 analysts) rates it buy, with a mean price target of $97.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
