MMSI
Merit Medical Systems
PEG ratio, current and historical analysis
- Stocks
- Healthcare
- NASDAQ: MMSI
- PEG Ratio
Based on the most recent data from Jun 22, 2026, MMSI's PEG ratio comes in at 2.28. This metric factors in a PE of 28.3 with an earnings growth rate of 12.4%.
MMSI PEG ratio history
Looking at the last ten years, MMSI's PEG ratio has has been around 1.75 on average. At 2.28, today's PEG ratio sits 30% more than its historical average. Within the last ten years, the Dec 2025 quarter recorded the highest PEG value at 8.46. At 0.09, the Mar 2022 quarter showed the minimum PEG ratio in this period.
Merit Medical Systems PEG ratio by year
| Year | PEG ratio | PE ratio | Growth YoY |
|---|---|---|---|
| 2025 | 8.46 | 40.62 | 4.8% |
| 2024 | 1.78 | 46.72 | 26.2% |
| 2023 | 1.84 | 46.32 | 25.2% |
| 2022 | 1.03 | 53.91 | 52.3% |
| 2021 | 0.13 | 72.44 | 577.8% |
| 2020 | N/A | N/A | -280% |
| 2019 | N/A | 312.2 | -87.5% |
| 2018 | 1.63 | 69.76 | 42.9% |
| 2017 | 3.16 | 77.14 | 24.4% |
| 2016 | N/A | 58.89 | -16.7% |
| 2015 | 18.12 | 34.43 | 1.9% |
| 2014 | 0.91 | 32.7 | 35.9% |
| 2013 | N/A | 40.36 | -17% |
| 2012 | N/A | 29.57 | -20.3% |
| 2011 | 0.33 | 22.68 | 68.6% |
Merit Medical Systems PEG ratio by quarter (TTM)
| Year | PEG ratio | PE ratio | Growth YoY |
|---|---|---|---|
| Mar 2026 | 2.37 | 29.33 | 12.4% |
| Dec 2025 | 8.46 | 40.62 | 4.8% |
| Sep 2025 | N/A | 41.41 | -2.9% |
| Jun 2025 | N/A | 46.05 | 0% |
| Mar 2025 | 2.79 | 50.58 | 18.1% |
| Dec 2024 | 1.78 | 46.72 | 26.2% |
| Sep 2024 | 2.51 | 47.74 | 19% |
| Jun 2024 | 1.41 | 42.34 | 30.1% |
| Mar 2024 | 2.18 | 42.8 | 19.6% |
| Dec 2023 | 1.84 | 46.32 | 25.2% |
| Sep 2023 | 0.67 | 39.67 | 59.6% |
| Jun 2023 | 1.04 | 53.62 | 51.5% |
| Mar 2023 | 0.67 | 49.97 | 74.1% |
| Dec 2022 | 1.03 | 53.91 | 52.3% |
| Sep 2022 | 1.31 | 51.84 | 39.7% |
MMSI average PEG ratio chart
Measured against past performance, MMSI's PEG ratio sits above its 5 and 10-year averages, yet it is lower than the 3-year average.
PEG comparison
With a PEG of 2.28, MMSI stands above the Healthcare sector and the industry average. Looking at its Healthcare sector average of 0.55, Merit Medical Systems's PEG is 315% higher.
MMSI EPS growth
MMSI Price vs fair value
MMSI PEG vs peers
Compared to its peers, MMSI has a PEG ratio lower than stock MDT, while greater than BSX's and ICUI's.
| Stock name | PEG ratio | Market cap |
|---|---|---|
| BSX Boston Scientific Corp | 0.25 | $65.89B |
| ICUI Icu Medical Inc | 0.49 | $3.4B |
| MMSI Merit Medical Systems Inc | 2.28 | $3.97B |
| MDT Medtronic plc | 6.41 | $101.47B |
| EW Edwards Lifesciences Corp | N/A | $49.45B |
| ANGO Angiodynamics Inc | N/A | $511.94M |
| TFX Teleflex Inc | N/A | $5.39B |
| JNJ Johnson & Johnson | N/A | $556.77B |
Frequently asked questions
What is Merit Medical Systems's PEG ratio?
MMSI shows a PEG ratio of 2.28, per Jun 22, 2026 data.
What is the 3-year average PEG ratio for Merit Medical Systems (MMSI)?
MMSI has a 3-year average PEG ratio of 2.51.
What is the 5-year average PEG ratio for Merit Medical Systems (MMSI)?
MMSI has a 5-year average PEG ratio of 1.66.
What is the highest PEG ratio for MMSI?
The Dec 2025 quarter marked the ten years high at 8.46 for MMSI's PEG ratio.
How does the current PEG ratio for MMSI compare to its historical average?
MMSI currently has a PEG ratio 30% above its 10-year average.
Why is Merit Medical Systems's PEG ratio so high?
Slow earnings growth combined with a high valuation pushes MMSI's PEG ratio to 2.28.
How is MMSI's PEG ratio calculated (Merit Medical Systems PEG ratio formula)?
The PEG ratio comes from taking PE and dividing by the rate at which earnings are growing (YoY TTM). As of Jun 22, 2026, Merit Medical Systems has a P/E ratio of 28.3. Earnings grew at 12.4% over the TTM period ending Mar 2026. Applying the formula, this gives a price to earnings growth ratio of 2.28. PEG RATIO(2.28) = PE RATIO(28.3) / EPS GROWTH(12.4%)
All PEG ratio stats are based on quarterly TTM periods, unless otherwise specified.