MDT
Medtronic
PEG ratio, current and historical analysis
- Stocks
- Healthcare
- NYSE: MDT
- PEG Ratio
As of Sep 11, 2026, MDT's PEG ratio of 1.79 reflects its valuation relative to its growth rate. This result reflects a P/E ratio of 22.24 measured against EPS growth of 12.4%. When compared to the trailing 4-quarter average of 3.38, MDT's PEG ratio reflects a 47% decrease.
MDT PEG ratio history
Medtronic's ten years historical PEG ratio has a mean of 2.27. Compared to historical data, MDT's 1.79 PEG ratio represents a drop of 21%. MDT hit its maximum PEG ratio of 8.32 during the Jan 2024 quarter over the last ten years. The Jan 2017 quarter marked the lowest reading at 0.27, indicating the most favorable growth-adjusted valuation.
Medtronic PEG ratio by year
| Year | PEG ratio | PE ratio | Growth YoY |
|---|---|---|---|
| 2026 | 6.73 | 22.22 | 3.3% |
| 2025 | 0.75 | 23.18 | 31% |
| 2024 | N/A | 28.79 | -2.1% |
| 2023 | N/A | 32.14 | -24.5% |
| 2022 | 0.7 | 27.83 | 39.9% |
| 2021 | N/A | 48.85 | -24.9% |
| 2020 | 7.32 | 27.82 | 3.8% |
| 2019 | 0.51 | 25.39 | 50.2% |
| 2018 | N/A | 35.5 | -21.6% |
| 2017 | 1.75 | 28.46 | 16.3% |
| 2016 | 10.87 | 31.53 | 2.9% |
| 2015 | N/A | 31.81 | -20.3% |
| 2014 | N/A | 19.02 | -10% |
| 2013 | N/A | 13.64 | -0.9% |
| 2012 | 0.56 | 10.99 | 19.5% |
Medtronic PEG ratio by quarter (TTM)
| Year | PEG ratio | PE ratio | Growth YoY |
|---|---|---|---|
| Jul 2026 | 1.68 | 20.88 | 12.4% |
| Apr 2026 | 6.73 | 22.22 | 3.3% |
| Jan 2026 | 3.18 | 28.02 | 8.8% |
| Oct 2025 | 1.92 | 25.18 | 13.1% |
| Jul 2025 | 1.16 | 25.53 | 22.1% |
| Apr 2025 | 0.75 | 23.18 | 31% |
| Jan 2025 | 5.34 | 27.25 | 5.1% |
| Oct 2024 | 4.05 | 27.53 | 6.8% |
| Jul 2024 | 2.75 | 26.41 | 9.6% |
| Apr 2024 | N/A | 28.79 | -2.1% |
| Jan 2024 | 8.32 | 27.47 | 3.3% |
| Oct 2023 | N/A | 22.54 | -4.6% |
| Jul 2023 | N/A | 32.44 | -29.9% |
| Apr 2023 | N/A | 32.14 | -24.5% |
| Jan 2023 | N/A | 27.08 | -16.4% |
MDT average PEG ratio chart
Measured against past performance, MDT's PEG ratio is lower than the 3, 5 and 10-year averages.
PEG comparison
With a PEG of 1.79, MDT stands higher than the Healthcare sector and the industry average. Looking at the Healthcare sector average of 0.53, Medtronic's PEG is 238% higher.
MDT EPS growth
MDT Price vs fair value
MDT PEG vs peers
MDT reports a PEG ratio higher than that of peer stocks SYK and BSX.
Frequently asked questions
What is Medtronic's PEG ratio?
MDT has a PEG ratio of 1.79, per Sep 11, 2026 data.
What is the 3-year average PEG ratio for Medtronic (MDT)?
MDT has a 3-year average PEG ratio of 3.59.
What is the 5-year average PEG ratio for Medtronic (MDT)?
MDT has a 5-year average PEG ratio of 2.77.
What is the highest PEG ratio for MDT?
The Jan 2024 quarter marked the ten years high at 8.32 for MDT's PEG ratio.
How does the current PEG ratio for MDT compare to its historical average?
At present, MDT's PEG ratio is 21% lower than its 10-year historical average.
How is MDT's PEG ratio calculated (Medtronic PEG ratio formula)?
To calculate the PEG ratio, take the company's PE ratio and divide by its earnings per share growth (YoY TTM). As of Sep 11, 2026, Medtronic has a PE ratio of 22.24. Earnings grew at 12.4% over the TTM period ending Jul 2026. Applying the formula, this gives a PEG ratio of 1.79. PEG RATIO(1.79) = PE RATIO(22.24) / EPS GROWTH(12.4%)
All PEG ratio stats are based on quarterly TTM periods, unless otherwise specified.