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MDT Medtronic PE ratio, current and historical analysis

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

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 25.22 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.

Today
25.22
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

YearPE ratioPE changePriceEPS
202428.79-10.42%$79.74$2.77
202332.1415.49%$90.95$2.83
202227.83-43.03%$104.36$3.75
202148.8575.59%$130.92$2.68
202027.829.57%$99.3$3.57
201925.39-28.48%$87.35$3.44
201835.524.74%$81.29$2.29
201728.46-9.74%$83.09$2.92
201631.53-0.88%$79.15$2.51
201531.8167.25%$77.61$2.44
201419.0239.44%$58.21$3.06
201313.6424.11%$46.36$3.4
201210.99-24.47%$37.69$3.43
201114.55-6.73%$41.75$2.87
201015.6-2.44%$43.69$2.8

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
PE vs average

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 25.22 is lower than the average of its peers, which is 30.83.

Stock namePE ratioMarket cap
EW Edwards Lifesciences Corp10.48$43.22B
CNMD CONMED Corp14.86$1.77B
JNJ Johnson & Johnson17.02$371.06B
ABT Abbott Laboratories17.26$231.82B
MDT Medtronic plc 25.22$107.07B
SYK Stryker Corp50.79$145.57B
BSX Boston Scientific Corp74.54$152.18B
BAX Baxter International IncN/A$15.86B
OMI Owens & Minor IncN/A$537.07M
IART Integra Lifesciences Holdings CorpN/A$951.98M
Stock:
MDT
BSX
SYK
EW
JNJ
ABT
CNMD
BAX
OMI
IART
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Y axis
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Created with Highcharts 9.0.1EPS growth YoY (quarterly)Price to earnings (P/E)MDTMDTBSXBSXSYKSYKEWEWJNJJNJABTABTCNMDCNMD-700-600-500-400-300-200-1000100200
1020304050607080

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.