Medtronic (MDT) Price to Earnings (2014 - 2026)
Medtronic's Price to Earnings came in at 20.90 for fiscal Q1 2027 (quarter ended Jul 31, 2026), down 18.3% from 25.57 a year earlier and down 5.9% from the prior quarter.
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Analysis
Medtronic (MDT) Price to Earnings (2014 - 2026) Analysis & Trends
For FY2026 (ended Apr 24, 2026), Medtronic's Price to Earnings was 22.22, down 4.0% from FY2025.
- Price to Earnings has declined in each of the last three fiscal years.
- Going back by fiscal year, Price to Earnings was 23.14 in FY2025 (-18.6%), 28.45 in FY2024 (-11.7%), 32.21 in FY2023 (+16.9%) and 27.56 in FY2022 (-43.6%).
- The fiscal Q1 2027 figure represents the lowest quarterly Price to Earnings in data going back to fiscal Q3 2015.
- Year-over-year, Price to Earnings increased in two of the last eight quarters, with an average decline of 3.2%.
- The fastest year-over-year change in Price to Earnings over five years came in fiscal Q1 2024 (growth of 37.3%), and the weakest in fiscal Q1 2023 (a decline of 48.1%).
- Business Quant data shows MDT's Price to Earnings at 22.22 (Q4 2026), 28.07 (Q3 2026) and 25.21 (Q2 2026) in the three fiscal quarters before Q1 2027.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 259.20 Bn | 235.84 Bn | 5.13 Bn |
| 2 | Abbott Laboratories | 185.80 Bn | 160.26 Bn | 7.39 Bn |
| 3 | Danaher | 162.11 Bn | 141.76 Bn | 3.84 Bn |
| 4 | Intuitive Surgical | 155.35 Bn | 135.64 Bn | 2.08 Bn |
| 5 | Medtronic | 131.92 Bn | 97.43 Bn | 6.34 Bn |
| 6 | Stryker | 119.74 Bn | 105.93 Bn | 4.25 Bn |
| 7 | Boston Scientific | 64.30 Bn | 59.73 Bn | 3.43 Bn |
| 8 | Edwards Lifesciences | 61.64 Bn | 44.85 Bn | 1.35 Bn |
| 9 | Agilent Technologies | 48.79 Bn | 41.68 Bn | 1.04 Bn |
| 10 | GE HealthCare Technologies | 37.32 Bn | 25.55 Bn | 2.22 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 12.49 |
| Apr 24, 2026 | 12.82 |
| Dec 31, 2025 | 11.49 |
| Oct 24, 2025 | 16.32 |
| Jul 25, 2025 | 16.95 |
| Dec 31, 2024 | 10.88 |
| Oct 25, 2024 | 16.65 |
| Jul 26, 2024 | 15.53 |
| Dec 31, 2023 | 10.44 |
| Oct 27, 2023 | 12.89 |
| Jul 28, 2023 | 16.34 |
| Dec 31, 2022 | 10.43 |
| Oct 28, 2022 | 18.41 |
| Jul 29, 2022 | 18.61 |
| Dec 31, 2021 | 13.29 |
| Oct 29, 2021 | 21.93 |
| Jul 30, 2021 | 27.05 |
| Dec 31, 2020 | 24.50 |
| Oct 30, 2020 | 21.64 |
| Jul 31, 2020 | 18.18 |
API Access
Medtronic Price to Earnings API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=price-to-earnings&ticker=MDT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-earnings", "ticker": "MDT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=price-to-earnings&ticker=MDT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();