Medtronic MDT
NYSE MDT
$94.16 +1.05 (+1.13%)
At close: Sep 4, 2026 · 4:00 PM EDT

Medtronic (MDT) Price to Book (2014 - 2026)

Medtronic's (MDT) quarterly Price to Book came in at 2.15 in Q3 2026, down 13.14% year-over-year from 2.48 in Q3 2025, and up 0.93% quarter-over-quarter from 2.13 in Q2 2026.

Analysis

Medtronic (MDT) Price to Book (2014 - 2026) Analysis & Trends

Medtronic has disclosed Price to Book across 13 years of filings, most recently posting 2.15 for Q3 2026.

  • In Q3 2026, Price to Book fell 13.14% year-over-year to 2.15; the TTM figure through Jul 2026 stood at 2.15 (down 13.14% YoY), while the FY2026 annual figure was 2.13, down 4.72% from the prior year.
  • Price to Book came in at 2.15 for Q3 2026 at Medtronic, up from 2.13 in the prior quarter.
  • In the past five years, Price to Book ranged from a high of 2.63 in Q2 2022 to a low of 1.79 in Q4 2023.
  • Average Price to Book over 5 years is 2.29, with a median of 2.29 recorded in 2023.
  • Year-over-year, Price to Book plunged 31.9% in 2022 and surged 33.37% in 2024.
  • Over 5 years, Price to Book stood at 2.22 in 2022, then declined by 19.39% to 1.79 in 2023, then surged by 33.37% to 2.38 in 2024, then advanced by 3.06% to 2.46 in 2025, then slipped by 12.52% to 2.15 in 2026.
  • Per Business Quant data, the three most recent Price to Book figures were 2.15 in Q3 2026, 2.13 in Q2 2026, and 2.63 in Q1 2026.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Abbott Laboratories 187.42 Bn 182.47 Bn 7.27 Bn
2 Intuitive Surgical 129.78 Bn 124.69 Bn 1.96 Bn
3 Medtronic 120.53 Bn 112.33 Bn 6.34 Bn
4 Stryker 116.28 Bn 112.80 Bn 4.50 Bn
5 Boston Scientific 69.29 Bn 68.99 Bn 3.85 Bn
6 Edwards Lifesciences 51.83 Bn 47.68 Bn 1.35 Bn
7 Alcon 34.36 Bn 32.91 Bn 1.68 Bn
8 Dexcom 33.17 Bn 31.23 Bn 830.00 Mn
9 Resmed 32.94 Bn 31.47 Bn 861.22 Mn
10 Steris 21.90 Bn 21.43 Bn 684.20 Mn
Historic Data

Historic Data

Download Data
DateValue
Jul 31, 2026 2.15
Apr 24, 2026 2.13
Jan 23, 2026 2.63
Oct 24, 2025 2.46
Jul 25, 2025 2.48
Apr 25, 2025 2.24
Jan 24, 2025 2.33
Oct 25, 2024 2.38
Jul 26, 2024 2.10
Apr 26, 2024 2.07
Jan 26, 2024 2.21
Oct 27, 2023 1.79
Jul 28, 2023 2.29
Apr 28, 2023 2.34
Jan 27, 2023 2.13
Oct 28, 2022 2.22
Jul 29, 2022 2.33
Apr 29, 2022 2.63
Jan 28, 2022 2.63
Oct 29, 2021 3.09