Medtronic PLC MDT

88.64 0.13 0.15% as of 25 Sep
Market cap
$112.2B
P/E
21.7×
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years

Medtronic PLC (MDT) P/E ratio

As of 25 September 2026, Medtronic PLC (MDT) trades at a P/E ratio of 21.7×. Over the past ten years it has ranged from 18.4× (March 2020) to 61.4× (April 2021); the current reading is higher than 3% of that period. That is in line with the Medical Devices industry median of 22.2× and in line with the Healthcare sector median of 22.7×.

P/E ratio, daily

Annual

Period P/E ratio Change
FY2026 21.6× (7.28%)
FY2025 23.3× (19.97%)
FY2024 29.2× (8.94%)
FY2023 32.0× 16.50%
FY2022 27.5× (43.91%)
FY2021 49.0× 79.30%
FY2020 27.3× 5.93%
FY2019 25.8× (26.22%)
FY2018 35.0× 22.43%
FY2017 28.6× (9.23%)

Quarterly

Period P/E ratio Change
Jul 2026 20.9× (3.33%)
Apr 2026 21.6× (24.33%)
Jan 2026 28.6× 17.03%
Oct 2025 24.4× (1.66%)
43 more quarters

Against its own ten years

Low 18.4× High 61.4×
Ten-year median 28.4×
Current reading's percentile 3

P/E ratio against peers

Company P/E ratio
GEHC GE HealthCare Technologies Inc. compare 15.3×
BSX Boston Scientific Corporation compare 17.7×
PHG Koninklijke Philips N.V. compare 18.2×
MDT Medtronic PLC 21.7×
STE STERIS plc compare 25.4×
SYK Stryker Corporation compare 28.0×
ABT Abbott Laboratories compare 32.8×
DXCM DexCom, Inc. compare 33.4×
EW Edwards Lifesciences Corporation compare 49.6×
Medical Devices industry median 22.2×
Healthcare sector median 22.7×
Market median 17.9×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

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