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.
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.
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's current PE ratio is lower than its 3, 5 and 10-year averages.
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 |
MDT stock has a price to earnings ratio of 28.93 as of Sep 28, 2023.
Over the last 3 years, the average price to earnings ratio for MDT stock is 34.79.
Over the last 5 years, the average price to earnings ratio for MDT stock is 33.46.
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 9% 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 (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.