The current PE ratio for Medtronic stock as of Apr 26, 2024 is 25.31. This is calculated based on the TTM EPS of $3.15 and the stock price of $79.74 per share. The PE ratio marks a decrease of 12% from its last 4 quarters average of 28.6.
The average historical PE ratio of Medtronic for the last ten years is 32.42. The current P/E ratio of 25.31 is 22% 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 Jul 2014 quarter, when it reached 21.04 with a price of $62.9 and an EPS of $2.99.
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 ABT and SYK, but it is higher than JNJ's and BAX's. Medtronic's current PE ratio of 25.31 is lower than the average of its peers, which is 31.77.
| Stock name | PE ratio | Market cap |
|---|---|---|
| BAX Baxter International Inc | 7.64 | $20.38B |
| JNJ Johnson & Johnson | 10.53 | $352.02B |
| CNMD CONMED Corp | 24.45 | $2.03B |
| MDT Medtronic plc | 25.31 | $105.88B |
| ABT Abbott Laboratories | 32.78 | $186.58B |
| IART Integra Lifesciences Holdings Corp | 33.34 | $2.22B |
| EW Edwards Lifesciences Corp | 37.42 | $51.94B |
| SYK Stryker Corp | 40.24 | $127.62B |
| BSX Boston Scientific Corp | 67.75 | $107.35B |
| OMI Owens & Minor Inc | N/A | $1.92B |
MDT stock has a price to earnings ratio of 25.31 as of Apr 26, 2024.
Over the last 3 years, the average price to earnings ratio for MDT stock is 31.44.
Over the last 5 years, the average price to earnings ratio for MDT stock is 32.43.
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 22% 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 (Apr 26, 2024), Medtronic's share price is $79.74. The company's earnings per share for the trailing twelve months (TTM) ending Jan 2024 is $3.15. Therefore, Medtronic's PE ratio for today is 25.31. PE RATIO(25.31) = STOCK PRICE($79.74) / TTM EPS($3.15)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.