Medtronic plc, headquartered in Dublin, is a listed company in the field of medical technology. The company is known for its pacemakers, implantable cardioverter defibrillators, heart valves, insulin pumps, aortic stent grafts, coronary stents and neurostimulators. Medtronic manufactures more than half of all pacemakers implanted worldwide.
P/E ratio for Medtronic (MDT)
P/E ratio as of May 2024 (TTM): 31.5
According to Medtronic's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 31.4853. At the end of 2022 the company had a P/E ratio of 24.1.
P/E ratio history for Medtronic from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 24.1 | -18.82% |
| 2021 | 29.6 | -33.45% |
| 2020 | 44.5 | 36.62% |
| 2019 | 32.6 | -40.15% |
| 2018 | 54.5 | 148.9% |
| 2017 | 21.9 | -6.3% |
| 2016 | 23.4 | -41.12% |
| 2015 | 39.7 | 60.96% |
| 2014 | 24.6 | 62.3% |
| 2013 | 15.2 | 22.51% |
| 2012 | 12.4 | 2.71% |
| 2011 | 12.1 | -5.98% |
| 2010 | 12.8 | -44.56% |
| 2009 | 23.1 | 41.45% |
| 2008 | 16.4 | -18.29% |
| 2007 | 20.0 | -14.66% |
| 2006 | 23.5 | -36.81% |
| 2005 | 37.1 | 29.36% |
| 2004 | 28.7 | -10.81% |
| 2003 | 32.2 | -23.76% |
| 2002 | 42.2 | -43.93% |
| 2001 | 75.3 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Johnson & Johnson JNJ | 11.0 | -65.21% | 🇺🇸 USA |
 Abbott Laboratories ABT | 35.3 | 12.06% | 🇺🇸 USA |
 Baxter BAX | 6.87 | -78.18% | 🇺🇸 USA |
 Boston Scientific BSX | 90.9 | 188.75% | 🇺🇸 USA |
 Edwards Lifesciences EW | 38.3 | 21.79% | 🇺🇸 USA |
 Stryker Corporation SYK | 49.0 | 55.76% | 🇺🇸 USA |
 CONMED CNMD | 39.7 | 26.21% | 🇺🇸 USA |
 Integra LifeSciences IART | 22.5 | -28.43% | 🇺🇸 USA |
 Owens & Minor
OMI | -14.8 | -147.05% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.