The current PE ratio for Medtronic stock as of Jul 25, 2024 is 28.32. This is calculated based on the TTM EPS of $2.77 and the stock price of $78.46 per share. The current PE ratio is about the same compared to the last four quarters average.
The average historical PE ratio of Medtronic for the last ten years is 32.62. The current P/E ratio of 28.32 is 13% lower than the historical average. Looking back at the last ten years, MDT's PE ratio peaked in the Oct 2018 quarter at 53.74, when the price was $89.75 and the EPS was $1.67. The lowest point was in the Oct 2017 quarter, when it reached 22.03 with a price of $81.3 and an EPS of $3.69.
Maximum annual increase: 75.59% in 2021
Maximum annual decrease: -43.03% in 2022
| Year | PE ratio | Change |
|---|---|---|
| 2024 | 28.79 | -10.42% |
| 2023 | 32.14 | 15.49% |
| 2022 | 27.83 | -43.03% |
| 2021 | 48.85 | 75.59% |
| 2020 | 27.82 | 9.57% |
| 2019 | 25.39 | -28.48% |
| 2018 | 35.5 | 24.74% |
| 2017 | 28.46 | -9.74% |
| 2016 | 31.53 | -0.88% |
| 2015 | 31.81 | 67.25% |
MDT's current PE ratio is lower than its 3, 5 and 10-year averages.
MDT's PE ratio stands lower than its peer stocks ABT and SYK, but it is higher than JNJ's and EW's. Medtronic's current PE ratio of 28.32 is lower than the average of its peers, which is 32.82.
| Stock name | PE ratio | Market cap |
|---|---|---|
| BAX Baxter International Inc | 6.79 | $18.1B |
| JNJ Johnson & Johnson | 10.55 | $386.7B |
| CNMD CONMED Corp | 26.39 | $2.19B |
| EW Edwards Lifesciences Corp | 26.77 | $37.55B |
| MDT Medtronic plc | 28.41 | $100.91B |
| ABT Abbott Laboratories | 32.58 | $183.08B |
| SYK Stryker Corp | 37.48 | $126.35B |
| IART Integra Lifesciences Holdings Corp | 61.67 | $2.48B |
| BSX Boston Scientific Corp | 62.43 | $110.15B |
| OMI Owens & Minor Inc | N/A | $1.16B |
MDT stock has a price to earnings ratio of 28.32 as of Jul 25, 2024.
Over the last 3 years, the average price to earnings ratio for MDT stock is 29.77.
Over the last 5 years, the average price to earnings ratio for MDT stock is 32.31.
The highest quarterly PE ratio in the last ten years has been 53.74 and it was in the Oct 2018 quarter.
The current PE ratio of MDT is 13% lower than the 10-year historical average.
The P/E ratio is obtained by dividing the latest price of a stock by its trailing twelve months EPS. As of today (Jul 25, 2024), Medtronic's share price is $78.46. The company's earnings per share for the trailing twelve months (TTM) ending Apr 2024 is $2.77. Therefore, Medtronic's PE ratio for today is 28.32. PE RATIO(28.32) = STOCK PRICE($78.46) / TTM EPS($2.77)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.