RMD Resmed PE ratio, current and historical analysis
The PE ratio for Resmed stock stands at 32.22 as of Nov 21, 2024. This is calculated based on the TTM EPS of $7.56 and the stock price of $243.6 per share. An increase of 9% has been observed in the PE ratio compared to its average of 29.7 of the last four quarters.
RMD PE ratio history
Over the last ten years, the average PE ratio of Resmed has been 38.29. The current 32.22 P/E ratio is 16% lower than the historical average. Looking back at the last ten years, RMD's PE ratio peaked in the Sep 2021 quarter at 76.39, with a price of $263.55 and an EPS of $3.45. The Sep 2015 quarter marked the lowest point at 20.3, with a price of $50.96 and an EPS of $2.51.
Resmed PE ratio by year
Maximum annual increase: 69.23% in 2021
Maximum annual decrease: -47.92% in 2022
| Year | PE ratio | Change |
|---|---|---|
| 2024 | 27.58 | -22.75% |
| 2023 | 35.7 | -9.07% |
| 2022 | 39.26 | -47.92% |
| 2021 | 75.39 | 69.23% |
| 2020 | 44.55 | 3.32% |
| 2019 | 43.12 | -8% |
| 2018 | 46.87 | 45.65% |
| 2017 | 32.18 | 27.75% |
| 2016 | 25.19 | 12.15% |
| 2015 | 22.46 | 8.24% |
RMD average PE ratio chart
Currently, RMD's PE ratio is lower than its 3, 5 and 10-year averages.
RMD PE vs peers
RMD's PE ratio stands lower than its peer stocks TMO and MASI, but it is higher than MDT's.
| Stock name | PE ratio | Market cap |
|---|---|---|
| MDT Medtronic plc | 28.44 | $108.68B |
| RMD Resmed Inc | 32.22 | $35.76B |
| TMO Thermo Fisher Scientific Inc | 32.28 | $197.41B |
| ELMD Electromed Inc | 37.43 | $237.42M |
| MASI Masimo Corp | 114.27 | $9.05B |
| INGN Inogen Inc | N/A | $219.37M |
Frequently asked questions
What is Resmed's PE ratio?
RMD's price to earnings ratio is 32.22 as of Nov 21, 2024.
What is the 3-year average PE ratio for Resmed (RMD)?
As an average over the last 3 years, RMD stock has a PE ratio of 37.57.
What is the 5-year average PE ratio for Resmed (RMD)?
As an average over the last 5 years, RMD stock has a PE ratio of 43.97.
What is the highest PE ratio for RMD?
Over the last ten years, the Sep 2021 quarter recorded the highest quarterly PE ratio at 76.39.
How does the current PE ratio for RMD compare to its historical average?
The current PE ratio of RMD is 16% lower than the 10-year historical average.
How is RMD's PE ratio calculated (Resmed PE ratio formula)?
You can calculate the P/E ratio by dividing the most recent stock price by the trailing twelve months EPS. As of today (Nov 21, 2024), Resmed's share price is $243.6. The company's earnings per share for the trailing twelve months (TTM) ending Sep 2024 is $7.56. Therefore, Resmed's PE ratio for today is 32.22. PE RATIO(32.22) = STOCK PRICE($243.6) / TTM EPS($7.56)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.