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MDT Medtronic PE ratio, current and historical analysis

The current PE ratio for Medtronic stock as of Jun 21, 2024 is 29.47. This is calculated based on the TTM EPS of $2.77 and the stock price of $81.64 per share. The PE ratio has grown by 6% from its last 4 quarters average of 27.8.

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 32.33. The current P/E ratio of 29.47 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 Jul 2014 quarter, when it reached 21.04 with a price of $62.9 and an EPS of $2.99.

Average
32.33
Median
29.73
Minimum
21.04
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 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

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
29.77
5-year avg
32.25
10-year avg
32.33
15-year avg
26.44

MDT PE vs peers

What is MDT's PE ratio compared to its peers

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 29.47 is lower than the average of its peers, which is 34.29.

Stock name PE ratio Market cap
BAX Baxter International Inc 6.56 $17.47B
JNJ Johnson & Johnson 9.75 $357.99B
CNMD CONMED Corp 24.94 $2.07B
MDT Medtronic plc 29.47 $104.68B
ABT Abbott Laboratories 32.73 $183.91B
SYK Stryker Corp 38.72 $130.53B
EW Edwards Lifesciences Corp 39.01 $54.72B
IART Integra Lifesciences Holdings Corp 57.86 $2.33B
BSX Boston Scientific Corp 64.76 $114.25B
OMI Owens & Minor Inc N/A $1.3B

Frequently asked questions

What is Medtronic's PE ratio?

MDT stock has a price to earnings ratio of 29.47 as of Jun 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 29.77.

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 32.25.

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 9% 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 (Jun 21, 2024), Medtronic's share price is $81.64. The company's earnings per share for the trailing twelve months (TTM) ending Apr 2024 is $2.77. Therefore, Medtronic's PE ratio for today is 29.47. PE RATIO(29.47) = STOCK PRICE($81.64) / TTM EPS($2.77)

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