MDT Medtronic PE ratio, current and historical analysis
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- Healthcare
- NYSE: MDT
- PE Ratio
The current PE ratio for Medtronic stock as of May 9, 2025 is 25.22. This is calculated based on the TTM EPS of $3.31 and the stock price of $83.48 per share. The PE ratio marks a decrease of 8% from its last 4 quarters average of 27.5.
MDT PE ratio history
The average historical PE ratio of Medtronic for the last ten years is 32.68. The current P/E ratio of 25.22 is 23% 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.
Medtronic PE ratio by year
Maximum annual increase: 75.59% in 2021
Maximum annual decrease: -43.03% in 2022
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2024 | 28.79 | -10.42% | $79.74 | $2.77 |
| 2023 | 32.14 | 15.49% | $90.95 | $2.83 |
| 2022 | 27.83 | -43.03% | $104.36 | $3.75 |
| 2021 | 48.85 | 75.59% | $130.92 | $2.68 |
| 2020 | 27.82 | 9.57% | $99.3 | $3.57 |
| 2019 | 25.39 | -28.48% | $87.35 | $3.44 |
| 2018 | 35.5 | 24.74% | $81.29 | $2.29 |
| 2017 | 28.46 | -9.74% | $83.09 | $2.92 |
| 2016 | 31.53 | -0.88% | $79.15 | $2.51 |
| 2015 | 31.81 | 67.25% | $77.61 | $2.44 |
| 2014 | 19.02 | 39.44% | $58.21 | $3.06 |
| 2013 | 13.64 | 24.11% | $46.36 | $3.4 |
| 2012 | 10.99 | -24.47% | $37.69 | $3.43 |
| 2011 | 14.55 | -6.73% | $41.75 | $2.87 |
| 2010 | 15.6 | -2.44% | $43.69 | $2.8 |
Medtronic PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Jan 2025 | 27.25 | -1.02% | $90.19 | $3.31 |
| Oct 2024 | 27.53 | 4.24% | $90.59 | $3.29 |
| Jul 2024 | 26.41 | -8.27% | $78.7 | $2.98 |
| Apr 2024 | 28.79 | 4.81% | $79.74 | $2.77 |
| Jan 2024 | 27.47 | 21.87% | $86.54 | $3.15 |
| Oct 2023 | 22.54 | -30.52% | $69.43 | $3.08 |
| Jul 2023 | 32.44 | 0.93% | $88.25 | $2.72 |
| Apr 2023 | 32.14 | 18.69% | $90.95 | $2.83 |
| Jan 2023 | 27.08 | 0.74% | $82.58 | $3.05 |
| Oct 2022 | 26.88 | 12.7% | $86.82 | $3.23 |
| Jul 2022 | 23.85 | -14.3% | $92.52 | $3.88 |
| Apr 2022 | 27.83 | -1.49% | $104.36 | $3.75 |
| Jan 2022 | 28.25 | -17.73% | $103.13 | $3.65 |
| Oct 2021 | 34.34 | -24.68% | $119.86 | $3.49 |
| Jul 2021 | 45.59 | -6.67% | $131.31 | $2.88 |
MDT average PE ratio chart
MDT's current PE ratio is lower than its 3, 5 and 10-year averages.
MDT PE vs peers
MDT's PE ratio stands lower than its peer stocks BSX and SYK, but it is higher than JNJ's and ABT's. Medtronic's current PE ratio of 25.22 is lower than the average of its peers, which is 30.83.
| Stock name | PE ratio | Market cap |
|---|---|---|
| EW Edwards Lifesciences Corp | 10.48 | $43.22B |
| CNMD CONMED Corp | 14.86 | $1.77B |
| JNJ Johnson & Johnson | 17.02 | $371.06B |
| ABT Abbott Laboratories | 17.26 | $231.82B |
| MDT Medtronic plc | 25.22 | $107.07B |
| SYK Stryker Corp | 50.79 | $145.57B |
| BSX Boston Scientific Corp | 74.54 | $152.18B |
| BAX Baxter International Inc | N/A | $15.86B |
| OMI Owens & Minor Inc | N/A | $537.07M |
| IART Integra Lifesciences Holdings Corp | N/A | $951.98M |
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Frequently asked questions
What is Medtronic's PE ratio?
MDT stock has a price to earnings ratio of 25.22 as of May 9, 2025.
What is the 3-year average PE ratio for Medtronic (MDT)?
Over the last 3 years, the average price to earnings ratio for MDT stock is 27.49.
What is the 5-year average PE ratio for Medtronic (MDT)?
Over the last 5 years, the average price to earnings ratio for MDT stock is 31.94.
What is the highest PE ratio for MDT?
The highest quarterly PE ratio in the last ten years has been 53.74 and it was in the Oct 2018 quarter.
How does the current PE ratio for MDT compare to its historical average?
The current PE ratio of MDT is 23% lower than the 10-year historical average.
How is MDT's PE ratio calculated (Medtronic PE ratio formula)?
The P/E ratio is obtained by dividing the latest price of a stock by its trailing twelve months EPS. As of today (May 9, 2025), Medtronic's share price is $83.48. The company's earnings per share for the trailing twelve months (TTM) ending Jan 2025 is $3.31. Therefore, Medtronic's PE ratio for today is 25.22. PE RATIO(25.22) = STOCK PRICE($83.48) / TTM EPS($3.31)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.