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Friday 6 November 2026 Export MDT’s income statement to Excel — free account

Medtronic PLC

MDT Healthcare Medical Devices

Medtronic PLC’s revenue for fiscal 2026 (year ended April 2026) was $36.4 billion, up 8.43% from fiscal 2025.

Revenue
+13.7%
EPS
+42.0%
Free cash flow
+120.9%
Total debt
−1.59%

Quarter to July 2026, against a year earlier

102.14 2.70 −2.58%
Market cap
$134.1B
P/E
25.6×
Fwd P/E
20.8×
Dividend yield
2.74%
F-score
7/9
Altman Z
2.73
Beneish M
−2.58
Dividend safety
61/100
Overview Business Profile Earnings & Analysis
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Medtronic PLC (MDT) P/E ratio

Alert me on P/E ratio

As of 5 November 2026, Medtronic PLC (MDT) trades at a P/E ratio of 25.6×. Over the past ten years it has ranged from 18.4× (March 2020) to 61.4× (April 2021); the current reading is higher than 27% of that period. That is in line with the Medical Devices industry median of 25.6× and in line with the Healthcare sector median of 25.2×.

P/E ratio, daily

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Annual newest first

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 newest first

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 26

P/E ratio against peers

Company P/E ratio
GEHC GE HealthCare Technologies Inc. compare 17.5×
BSX Boston Scientific Corporation compare 18.7×
MDT Medtronic PLC 25.6×
PHG Koninklijke Philips N.V. compare 25.8×
STE STERIS plc compare 30.0×
DXCM DexCom, Inc. compare 32.6×
SYK Stryker Corporation compare 35.3×
ABT Abbott Laboratories compare 42.3×
EW Edwards Lifesciences Corporation compare 56.7×
Medical Devices industry median 25.6×
Healthcare sector median 25.2×
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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