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Medtronic PE ratio MDT

Share price divided by earnings per share over the last twelve months, since 2010.

Today, Oct 23, 2026
23.4×
10-year median
28.2×
Against its 10-year history
10th
percentile: 0 is its lowest day, 100 its highest
10-year range
19.7× to 61.3×
Peer median
30.9×

Medtronic's PE ratio is 23.4× as of Oct 23, 2026: a share price of $95.41 against $4.07 of earnings per share over the last twelve months.

That is below its ten-year median of 28.2×, lower than on 90% of days in the last ten years.

Over that time it ranged from 19.7× in Mar 2020 to 61.3× in Apr 2021.

The median for 7 medical device stocks of a similar size is 30.9×.

PE ratio 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 far23.4×20.6×27.8×
202526.0×23.8×28.7×
202424.7×24.7×32.1×
202326.8×25.0×31.5×
202224.1×20.4×31.3×
202129.8×29.0×61.3×
202044.7×19.7×44.7×
201932.8×23.3×56.8×
201854.1×21.5×59.1×
201722.1×22.1×31.5×
201623.7×23.7×50.4×
201540.3×24.2×40.6×
201425.5×14.9×26.0×
201315.3×13.0×16.8×
201212.4×11.0×13.0×
201112.1×10.9×14.3×
201012.8×10.6×13.6×

Against its peers

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

CompanyPE ratio
MDTMedtronic23.4×
SYKStryker31.8×
ABTAbbott Laboratories38.7×
BSXBoston Scientific18.5×
EWEdwards Lifesciences51.2×
GEHCGE HealthCare Technologies16.4×
DXCMDexCom30.9×
ZBHZimmer Biomet24.0×
Peer median30.9×

Where Medtronic ranks

What the PE ratio tells you

Share price divided by earnings per share over the last twelve months. It is the price tag on a dollar of profit: 20× means you pay $20 for $1 of yearly earnings.

Blank while earnings are negative. A very low PE can mean the market expects profits to fall, so read it with growth and the company's own history.

More on Medtronic

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