MMSI
Merit Medical Systems
PE ratio, current and historical analysis
- Stocks
- Healthcare
- NASDAQ: MMSI
- PE Ratio
The current P/E ratio for Merit Medical Systems stock as of Aug 1, 2026 is 34.7. This is calculated based on the current EPS of $2.45 and the stock price of $85.01 per share. The current PE ratio is about the same as the last 4 quarters average.
MMSI PE ratio history
The average historical PE ratio of Merit Medical Systems for the last ten years is 87.13. The current price-to-earnings ratio of 34.7 is 60% less than the historical average. In the past ten years, MMSI's PE ratio reached its highest point in the Mar 2021 quarter at 665.33, when the stock price was $59.88 and the EPS was $0.09. The lowest point was recorded in the Jun 2026 quarter, when it reached 28.3 with a price of $69.34 and an EPS of $2.45.
Merit Medical Systems PE ratio by year
Maximum annual increase: 347.53% in 2019
Maximum annual decrease: -37.31% in 2011
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 40.62 | -13.06% | $88.14 | $2.17 |
| 2024 | 46.72 | 0.86% | $96.72 | $2.07 |
| 2023 | 46.32 | -14.08% | $75.96 | $1.64 |
| 2022 | 53.91 | -25.58% | $70.62 | $1.31 |
| 2021 | 72.44 | N/A | $62.3 | $0.86 |
| 2020 | N/A | N/A | $55.51 | -$0.18 |
| 2019 | 312.2 | 347.53% | $31.22 | $0.1 |
| 2018 | 69.76 | -9.57% | $55.81 | $0.8 |
| 2017 | 77.14 | 30.99% | $43.2 | $0.56 |
| 2016 | 58.89 | 71.04% | $26.5 | $0.45 |
| 2015 | 34.43 | 5.29% | $18.59 | $0.54 |
| 2014 | 32.7 | -18.98% | $17.33 | $0.53 |
| 2013 | 40.36 | 36.49% | $15.74 | $0.39 |
| 2012 | 29.57 | 30.38% | $13.9 | $0.47 |
| 2011 | 22.68 | -37.31% | $13.38 | $0.59 |
Merit Medical Systems PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Jun 2026 | 28.3 | -3.51% | $69.34 | $2.45 |
| Mar 2026 | 29.33 | -27.79% | $68.93 | $2.35 |
| Dec 2025 | 40.62 | -1.91% | $88.14 | $2.17 |
| Sep 2025 | 41.41 | -10.08% | $83.23 | $2.01 |
| Jun 2025 | 46.05 | -8.96% | $93.48 | $2.03 |
| Mar 2025 | 50.58 | 8.26% | $105.71 | $2.09 |
| Dec 2024 | 46.72 | -2.14% | $96.72 | $2.07 |
| Sep 2024 | 47.74 | 12.75% | $98.83 | $2.07 |
| Jun 2024 | 42.34 | -1.07% | $85.95 | $2.03 |
| Mar 2024 | 42.8 | -7.6% | $75.75 | $1.77 |
| Dec 2023 | 46.32 | 16.76% | $75.96 | $1.64 |
| Sep 2023 | 39.67 | -26.02% | $69.02 | $1.74 |
| Jun 2023 | 53.62 | 7.3% | $83.64 | $1.56 |
| Mar 2023 | 49.97 | -7.31% | $73.95 | $1.48 |
| Dec 2022 | 53.91 | 3.99% | $70.62 | $1.31 |
MMSI Price vs fair value
MMSI average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
MMSI's current P/E ratio is lower than the 3, 5 and 10-year averages.
PE comparison
With a P/E of 34.7, MMSI stands above the Healthcare sector and its peers average but below the industry average. Looking at its Healthcare sector average of 26.04, Merit Medical Systems's P/E is 33% higher.
MMSI PE vs peers
MMSI's PE ratio is less than its peer stocks EW and ICUI, but it is above JNJ's and MDT's. Merit Medical Systems's current PE ratio of 34.7 is more than the average of its peers, which is 29.27.
| Stock name | PE ratio | Market cap |
|---|---|---|
| BSX Boston Scientific Corp | 19.81 | $70.96B |
| MDT Medtronic Plc | 23 | $110.38B |
| JNJ Johnson & Johnson | 29.02 | $610.55B |
| MMSI Merit Medical Systems Inc | 34.9 | $5.11B |
| EW Edwards Lifesciences Corp | 46.66 | $50.78B |
| ICUI ICU Medical Inc | 92.45 | $4.32B |
| ANGO Angiodynamics Inc | N/A | $625.57M |
| TFX Teleflex Incorporated | N/A | $6.24B |
Frequently asked questions
What is Merit Medical Systems's PE ratio?
The price to earnings ratio for MMSI stock as of Aug 1, 2026, stands at 34.7.
What is the 3-year average PE ratio for Merit Medical Systems (MMSI)?
As an average over the last 3 years, MMSI stock has a PE ratio of 41.82.
What is the 5-year average PE ratio for Merit Medical Systems (MMSI)?
As an average over the last 5 years, MMSI stock has a PE ratio of 50.33.
What is the highest PE ratio for MMSI?
Over the last ten years, the quarterly PE ratio reached a historic high of 665.33 in the Mar 2021 quarter.
How does the current PE ratio for MMSI compare to its historical average?
The current price to earnings ratio of MMSI is 60% lower than the 10-year historical average.
How is MMSI's PE ratio calculated (Merit Medical Systems PE ratio formula)?
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (Aug 1, 2026), Merit Medical Systems's stock price is $85.01. The earnings per share for the trailing twelve months (TTM) ending Jun 2026 is $2.45. Therefore, Merit Medical Systems's price to earnings ratio for today is 34.7. PE RATIO(34.7) = STOCK PRICE($85.01) / TTM EPS($2.45)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.