The current P/E ratio for Merit Medical Systems stock as of Jul 25, 2024 is 48.02. This is calculated based on the current EPS of $1.77 and the stock price of $85 per share. The PE ratio has increased by 5% from the past four quarters average of 45.6.
The average historical PE ratio of Merit Medical Systems for the last ten years is 86.68. The current price-to-earnings ratio of 48.02 is 45% 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.
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's current P/E ratio is lower than the 3, 5 and 10-year averages.
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 48.02 is more than the average of its peers, which is 32.35.
| Stock name | PE ratio | Market cap |
|---|---|---|
| JNJ Johnson & Johnson | 10.55 | $386.7B |
| EW Edwards Lifesciences Corp | 26.77 | $37.55B |
| MDT Medtronic plc | 28.41 | $100.91B |
| TFX Teleflex Inc | 35.14 | $10.38B |
| MMSI Merit Medical Systems Inc | 48.27 | $4.96B |
| BSX Boston Scientific Corp | 62.43 | $110.15B |
| ANGO Angiodynamics Inc | N/A | $306.42M |
| ICUI Icu Medical Inc | N/A | $3.12B |
The price to earnings ratio for MMSI stock as of Jul 25, 2024, stands at 48.02.
As an average over the last 3 years, MMSI stock has a PE ratio of 57.6.
As an average over the last 5 years, MMSI stock has a PE ratio of 121.85.
Over the last ten years, the quarterly PE ratio reached a historic high of 665.33 in the Mar 2021 quarter.
The current price to earnings ratio of MMSI is 45% lower than the 10-year historical average.
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (Jul 25, 2024), Merit Medical Systems's stock price is $85. 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 48.02. PE RATIO(48.02) = STOCK PRICE($85) / TTM EPS($1.77)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.