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

Medtronic (MDT) Price to Earnings (2015 - 2026)

Medtronic's (MDT) quarterly Price to Earnings came in at 20.74 in Q3 2026, down 18.35% year-over-year from 25.4 in Q3 2025, and down 5.92% quarter-over-quarter from 22.05 in Q2 2026.

Analysis

Medtronic (MDT) Price to Earnings (2015 - 2026) Analysis & Trends

Medtronic has disclosed Price to Earnings across 12 years of filings, most recently posting 20.74 for Q3 2026.

  • In Q3 2026, Price to Earnings fell 18.35% year-over-year to 20.74; the TTM figure through Jul 2026 stood at 20.74 (down 18.35% YoY), while the FY2026 annual figure was 22.05, down 4.1% from the prior year.
  • Price to Earnings came in at 20.74 for Q3 2026 at Medtronic, down from 22.05 in the prior quarter.
  • In the past five years, Price to Earnings ranged from a high of 32.17 in Q3 2023 to a low of 20.74 in Q3 2026.
  • Average Price to Earnings over 5 years is 26.21, with a median of 26.87 recorded in 2023.
  • Year-over-year, Price to Earnings sank 47.89% in 2022 and surged 36.64% in 2023.
  • Over 5 years, Price to Earnings stood at 26.59 in 2022, then fell by 15.8% to 22.39 in 2023, then climbed by 20.1% to 26.89 in 2024, then slipped by 6.84% to 25.05 in 2025, then fell by 17.2% to 20.74 in 2026.
  • Per Business Quant data, the three most recent Price to Earnings figures were 20.74 in Q3 2026, 22.05 in Q2 2026, and 27.9 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 20.74
Apr 24, 2026 22.05
Jan 23, 2026 27.90
Oct 24, 2025 25.05
Jul 25, 2025 25.40
Apr 25, 2025 23.00
Jan 24, 2025 27.00
Oct 25, 2024 26.89
Jul 26, 2024 25.53
Apr 26, 2024 28.25
Jan 26, 2024 27.18
Oct 27, 2023 22.39
Jul 28, 2023 32.17
Apr 28, 2023 31.97
Jan 27, 2023 26.87
Oct 28, 2022 26.59
Jul 29, 2022 23.54
Apr 29, 2022 27.44
Jan 28, 2022 28.06
Oct 29, 2021 34.07