Back to MMSI overview

MMSI Merit Medical Systems PE ratio, current and historical analysis

The current P/E ratio for Merit Medical Systems stock as of Jun 18, 2024 is 45.95. This is calculated based on the current EPS of $1.77 and the stock price of $81.34 per share. The current PE ratio is about the same as the last 4 quarters average.

MMSI PE ratio history

How has MMSI's PE ratio performed in the past

The average historical PE ratio of Merit Medical Systems for the last ten years is 85.23. The current price-to-earnings ratio of 45.95 is 46% 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 Sep 2014 quarter, when it reached 24.24 with a price of $11.88 and an EPS of $0.49.

Average
85.23
Median
53.82
Minimum
24.24
Maximum
665.33

Merit Medical Systems PE ratio by year

Maximum annual increase: 347.53% in 2019

Maximum annual decrease: -25.58% in 2022

Year PE ratio Change
2023 46.32 -14.08%
2022 53.91 -25.58%
2021 72.44 N/A
2020 N/A N/A
2019 312.2 347.53%
2018 69.76 -9.57%
2017 77.14 30.99%
2016 58.89 71.04%
2015 34.43 5.29%
2014 32.7 -18.98%

MMSI average PE ratio chart

What is the average PE ratio of MMSI for the past years

MMSI's current P/E ratio is lower than the 3, 5 and 10-year averages.

3-year avg
63.16
5-year avg
119.55
10-year avg
85.23
15-year avg
65.45

MMSI PE vs peers

What is MMSI's PE ratio compared to its peers

MMSI's PE ratio is less than its peer stock BSX, but it is above JNJ's and MDT's. Merit Medical Systems's current PE ratio of 45.95 is more than the average of its peers, which is 33.73.

Stock name PE ratio Market cap
JNJ Johnson & Johnson 9.54 $350.53B
MDT Medtronic plc 25.32 $105.89B
TFX Teleflex Inc 32.23 $9.52B
EW Edwards Lifesciences Corp 37.99 $53.29B
MMSI Merit Medical Systems Inc 45.95 $4.73B
BSX Boston Scientific Corp 63.59 $112.19B
ANGO Angiodynamics Inc N/A $226.31M
ICUI Icu Medical Inc N/A $2.91B

Frequently asked questions

What is Merit Medical Systems's PE ratio?

The price to earnings ratio for MMSI stock as of Jun 18, 2024, stands at 45.95.

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 63.16.

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 119.55.

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 46% 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 (Jun 18, 2024), Merit Medical Systems's stock price is $81.34. The earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $1.77. Therefore, Merit Medical Systems's price to earnings ratio for today is 45.95. PE RATIO(45.95) = STOCK PRICE($81.34) / TTM EPS($1.77)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.