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MDT Medtronic PE ratio, current and historical analysis

The current PE ratio for Medtronic stock as of May 30, 2025 is 25.07. This is calculated based on the TTM EPS of $3.31 and the stock price of $82.98 per share. The PE ratio marks a decrease of 9% from its last 4 quarters average of 27.5.

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 32.68. The current P/E ratio of 25.07 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.

Today
25.07
Average
32.68
Median
29.33
Minimum
22.03
Maximum
53.74

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 Price vs fair value

How does MDT's price compare to its estimated fair value based on its growth

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
27.49
5-year avg
31.94
10-year avg
32.68
15-year avg
26.95

MDT PE vs peers

What is MDT's PE ratio compared to its 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 25.07 is lower than the average of its peers, which is 31.27.

Stock name PE ratio Market cap
EW Edwards Lifesciences Corp 11.13 $45.88B
CNMD CONMED Corp 14.78 $1.76B
JNJ Johnson & Johnson 17.13 $373.45B
ABT Abbott Laboratories 17.3 $232.41B
MDT Medtronic plc 25.07 $106.43B
SYK Stryker Corp 51.02 $146.23B
BSX Boston Scientific Corp 76.28 $155.73B
BAX Baxter International Inc N/A $15.65B
OMI Owens & Minor Inc N/A $505.65M
IART Integra Lifesciences Holdings Corp N/A $983.84M

Frequently asked questions

What is Medtronic's PE ratio?

MDT stock has a price to earnings ratio of 25.07 as of May 30, 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 30, 2025), Medtronic's share price is $82.98. 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 25.07. PE RATIO(25.07) = STOCK PRICE($82.98) / TTM EPS($3.31)

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