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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |