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Medtronic forward PE MDT

Share price divided by analysts' consensus earnings for the next twelve months, since 1996.

Today, Oct 23, 2026
15.9×
10-year median
17.3×
Against its 10-year history
20th
percentile: 0 is its lowest day, 100 its highest
10-year range
13.0× to 40.2×
Peer median
18.5×

Medtronic's forward PE is 15.9× as of Oct 23, 2026.

That is below its ten-year median of 17.3×, lower than on 80% of days in the last ten years.

Over that time it ranged from 13.0× in May 2026 to 40.2× in Feb 2020.

The median for 7 medical device stocks of a similar size is 18.5×.

Forward PE over time

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

YearEnd of yearLowHigh
2026 so far15.9×13.0×18.4×
202517.2×14.7×18.8×
202414.7×14.4×17.0×
202316.0×13.6×17.8×
202215.2×15.0×21.5×
202119.4×18.9×25.2×
202022.6×21.4×40.2×
201937.1×15.9×37.3×
201817.3×15.9×19.9×
201717.0×16.1×19.1×
201615.7×15.7×19.9×
201518.0×15.5×19.9×
201418.6×14.5×19.0×
201315.0×11.8×15.4×
201211.3×10.1×12.5×
201111.1×9.3×12.7×
201011.1×9.7×14.7×
200914.1×8.3×14.1×
200810.2×9.9×20.3×
200720.3×18.8×23.7×

Against its peers

Companies in Medical - Devices nearest Medtronic's size, closest first, today.

CompanyForward PE
MDTMedtronic15.9×
SYKStryker19.3×
ABTAbbott Laboratories17.7×
BSXBoston Scientific14.1×
EWEdwards Lifesciences28.3×
GEHCGE HealthCare Technologies13.8×
DXCMDexCom27.7×
ZBHZimmer Biometn/m
Peer median18.5×

Where Medtronic ranks

What the forward PE tells you

Price divided by what analysts expect the company to earn over the next twelve months. It answers "what am I paying for next year" instead of last year.

Estimates are opinions. When forward PE is far below trailing PE, analysts expect a big jump in earnings. If that jump slips, the stock was not as cheap as it looked.

More on Medtronic

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.