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MDT Medtronic PE ratio, current and historical analysis

The current PE ratio for Medtronic stock as of Sep 28, 2023 is 28.93. This is calculated based on the TTM EPS of $2.72 and the stock price of $78.69 per share. The PE ratio marks a decrease of 2.4% from its last 4 quarters average of 29.6.

MDT PE ratio history

How has MDT's PE ratio performed in the past

The average historical PE ratio of Medtronic for the last ten years is 31.62. The current P/E ratio of 28.93 is 9% 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 2013 quarter, when it reached 15.21 with a price of $57.36 and an EPS of $3.77.


Medtronic PE ratio by year

Maximum annual increase: 75.59% in 2021

Maximum annual decrease: -43.03% in 2022

Year PE ratio Change
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%
2014 19.02 39.44%

MDT average PE ratio chart

What is the average PE ratio of MDT for the past years

MDT's current PE ratio is lower than its 3, 5 and 10-year averages.

3-year avg
5-year avg
10-year avg
15-year avg

MDT PE vs peers

What is MDT's PE ratio compared to its peers

MDT's PE ratio stands lower than its peer stocks JNJ and ABT, but it is higher than IART's. Medtronic's current PE ratio of 28.93 is lower than the average of its peers, which is 40.22.

Stock name PE ratio Market cap
IART Integra Lifesciences Holdings Corp 24.11 $3.12B
MDT Medtronic plc 28.76 $104.1B
EW Edwards Lifesciences Corp 30.57 $42.19B
JNJ Johnson & Johnson 31.16 $404.06B
ABT Abbott Laboratories 32.85 $168.16B
CNMD CONMED Corp 34.47 $3.1B
SYK Stryker Corp 38.33 $104.08B
BSX Boston Scientific Corp 88.32 $77.59B
BAX Baxter International Inc N/A $19.05B
OMI Owens & Minor Inc N/A $1.25B

Frequently asked questions

What is Medtronic's PE ratio?

MDT stock has a price to earnings ratio of 28.93 as of Sep 28, 2023.

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 34.79.

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 33.46.

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 9% 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 (Sep 28, 2023), Medtronic's share price is $78.69. The company's earnings per share for the trailing twelve months (TTM) ending Jul 2023 is $2.72. Therefore, Medtronic's PE ratio for today is 28.93. PE RATIO(28.93) = STOCK PRICE($78.69) / TTM EPS($2.72)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.