MDT Historical PE Ratio Notes

— Medtronic plc (ticker: MDT) is one of the world’s largest medical technology companies, specializing in the development, manufacturing, and sale of devices & therapies for cardiac, diabetes, neurological, and surgical conditions. Headquartered in Ireland with operational headquarters in Minnesota, Medtronic serves hospitals & health systems across the globe. The company’s steady revenue comes from a broad portfolio of essential, often recurring-use products ranging from pacemakers to insulin pumps. For investors reviewing historical PE ratio data, it’s important to recognize that Medtronic’s market valuation often reflects its reputation for consistent earnings, strong cash flow, and defensive positioning within the healthcare sector. Periods of innovation, successful product launches, or regulatory approvals can lead to a higher PE ratio, as the market anticipates future earnings growth. Conversely, industry headwinds, competition, or disruptions (such as recalls or pricing pressure) can compress the ratio. Compared to many high-growth tech companies, MDT typically trades at a more moderate PE due to its mature business profile. When examining historical charts, consider how events impacting Medtronic’s core businesses are likely to have influenced both earnings and the multiple investors have been willing to pay over time.

On this page we presented the MDT Historical PE Ratio information for Medtronic' stock. The average MDT historical PE based on using the annualized quarterly earnings result at each measurement period (for the "E" in the PE calculation; and the closing price on earnings date as the "P") is 18.3. Meanwhile, using the trailing twelve month (TTM) quarterly earnings result as our method of calculation the "E" value at each measurement period, the average MDT historical PE based on this TTM earnings result method is 18.5.

Let's now compare this MDT historical PE result, against the recent PE: when this page was posted on 5/15/2026, the most recent closing price for MDT had been 76.15, and the most recent quarterly earnings result, annualized, was 5.44. Meanwhile, the most recent TTM earnings summed to 5.6. From these numbers, we calculate the recent MDT PE on 5/15/2026 based on annualized quarterly EPS was 14.0. Based on MDT's history, that recent PE is low relative to the historical average, with the recent PE 23.5% lower than the historical average PE across our data set for Medtronic. Looking at the recent MDT PE on 5/15/2026 based on TTM EPS, we calculate the ratio at 13.6. Based on MDT's history, that recent PE is low relative to the historical average, with the recent PE 26.5% lower than the average PE across our Medtronic data set with TTM EPS used in the calculation at each period.

Another interesting MDT historical PE Ratio calculation we look at is to take the median earnings per share of the last four quarters for MDT, and then annualize the resulting value... with that annualized number then being used in the PE calculation. To walk through this math for MDT, we start with the past four EPS numbers and we first sort them from lowest to highest: 1.26, 1.36, 1.36, and 1.62. We then toss out the highest and lowest result, and then take the average of those two middle numbers — 1.36 and 1.36 — which gives us the median of 1.36. Basically the way to think about this 1.36 number is this: for the trailing four earnings reports, 1.36 marks the "middle ground" number where MDT has reported a value higher than 1.36 half the time, and has reported a value lower than 1.36 half the time. Annualizing that median value then gets us to 5.44/share, which we use as the denominator in our next PE calculation. With 76.15 as the numerator (as of 5/15/2026), the calculation is then 76.15 / 5.44 = 14.0 as the MDT PE ratio as of 5/15/2026, based on that annualized median value we calculated.

For self directed investors doing their due diligence on MDT or any other given stock, valuation analysis for MDT can greatly benefit from studying the past earnings and resulting PE calculations. This exercise can help inform an analysis as to whether the past earnings trajectory and current versus historical PE ratios justify the current stock value.

That's why we bring you HistoricalPERatio.com to make it easy for investors to investigate Medtronic PE history or the past PE information for any stock in our coverage universe. And in your continued research we hope you will be sure to check out the further links included for earnings surprises history (beat/miss data) as well as next earnings dates for MDT. Thanks for visiting, and the next time you need to research MDT Historical PE Ratio or the ratio for another stock, we hope you'll think of our site, as your go-to historical PE ratio research resource of choice.