The current P/E ratio for Merit Medical Systems stock as of May 1, 2024 is 43.29. This is calculated based on the current EPS of $1.77 and the stock price of $76.63 per share. The PE ratio has decreased 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 85.23. The current price-to-earnings ratio of 43.29 is 49% 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 43.29 is more than the average of its peers, which is 33.5.
| Stock name | PE ratio | Market cap |
|---|---|---|
| JNJ Johnson & Johnson | 9.91 | $363.84B |
| MDT Medtronic plc | 25.68 | $107.41B |
| TFX Teleflex Inc | 27.91 | $9.95B |
| EW Edwards Lifesciences Corp | 36.18 | $50.75B |
| MMSI Merit Medical Systems Inc | 43.29 | $4.45B |
| BSX Boston Scientific Corp | 60.18 | $106.16B |
| ANGO Angiodynamics Inc | N/A | $231.92M |
| ICUI Icu Medical Inc | N/A | $2.37B |
The price to earnings ratio for MMSI stock as of May 1, 2024, stands at 43.29.
As an average over the last 3 years, MMSI stock has a PE ratio of 63.16.
As an average over the last 5 years, MMSI stock has a PE ratio of 119.55.
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 49% 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 (May 1, 2024), Merit Medical Systems's stock price is $76.63. 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 43.29. PE RATIO(43.29) = STOCK PRICE($76.63) / TTM EPS($1.77)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.