MDT Medtronic PE ratio, current and historical analysis
The current PE ratio for Medtronic stock as of Nov 21, 2024 is 28.44. This is calculated based on the TTM EPS of $2.98 and the stock price of $84.74 per share. The PE ratio has grown by 8% from its last 4 quarters average of 26.3.
MDT PE ratio history
The average historical PE ratio of Medtronic for the last ten years is 32.71. The current P/E ratio of 28.44 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.
Medtronic PE ratio by year
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 average PE ratio chart
MDT's current PE ratio is higher than the 3-year average, but it is lower than its 5 and 10-year averages.
MDT PE vs peers
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 28.44 is lower than the average of its peers, which is 34.1.
| Stock name | PE ratio | Market cap |
|---|---|---|
| EW Edwards Lifesciences Corp | 10.14 | $41.51B |
| CNMD CONMED Corp | 16.75 | $2.22B |
| JNJ Johnson & Johnson | 25.79 | $374.39B |
| MDT Medtronic plc | 28.44 | $108.68B |
| ABT Abbott Laboratories | 35.53 | $203.38B |
| SYK Stryker Corp | 41.37 | $148.73B |
| BSX Boston Scientific Corp | 75 | $134.86B |
| BAX Baxter International Inc | 157.1 | $16.84B |
| OMI Owens & Minor Inc | N/A | $943.04M |
| IART Integra Lifesciences Holdings Corp | N/A | $1.77B |
Frequently asked questions
What is Medtronic's PE ratio?
MDT stock has a price to earnings ratio of 28.44 as of Nov 21, 2024.
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 27.61.
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 32.1.
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 13% 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 (Nov 21, 2024), Medtronic's share price is $84.74. The company's earnings per share for the trailing twelve months (TTM) ending Jul 2024 is $2.98. Therefore, Medtronic's PE ratio for today is 28.44. PE RATIO(28.44) = STOCK PRICE($84.74) / TTM EPS($2.98)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.