Price to Earnings (P/E)
since 2005
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Medtronic PLC pages available for free this week:
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Liquidity Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Present Value of Free Cash Flow to Equity (FCFE)
- Selected Financial Data since 2005
- Operating Profit Margin since 2005
- Return on Assets (ROA) since 2005
- Price to Operating Profit (P/OP) since 2005
- Analysis of Revenues
- Analysis of Debt
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Calculation
Medtronic PLC, P/E, long-term trends, calculation
| P/E | = | Share price1, 2, 3 | ÷ | Earnings per share1 (EPS) | EPS1 | = | Net income attributable to Medtronic1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Jun 20, 2025 | = | ÷ | = | ÷ | |||||||
| Jun 20, 2024 | = | ÷ | = | ÷ | |||||||
| Jun 22, 2023 | = | ÷ | = | ÷ | |||||||
| Jun 23, 2022 | = | ÷ | = | ÷ | |||||||
| Jun 25, 2021 | = | ÷ | = | ÷ | |||||||
| Jun 19, 2020 | = | ÷ | = | ÷ | |||||||
| Jun 21, 2019 | = | ÷ | = | ÷ | |||||||
| Jun 22, 2018 | = | ÷ | = | ÷ | |||||||
| Jun 27, 2017 | = | ÷ | = | ÷ | |||||||
| Jun 28, 2016 | = | ÷ | = | ÷ | |||||||
| Jun 23, 2015 | = | ÷ | = | ÷ | |||||||
| Jun 20, 2014 | = | ÷ | = | ÷ | |||||||
| Jun 24, 2013 | = | ÷ | = | ÷ | |||||||
| Jun 26, 2012 | = | ÷ | = | ÷ | |||||||
| Jun 28, 2011 | = | ÷ | = | ÷ | |||||||
| Jun 29, 2010 | = | ÷ | = | ÷ | |||||||
| Jun 23, 2009 | = | ÷ | = | ÷ | |||||||
| Jun 24, 2008 | = | ÷ | = | ÷ | |||||||
| Jun 25, 2007 | = | ÷ | = | ÷ | |||||||
| Jun 28, 2006 | = | ÷ | = | ÷ | |||||||
| Jun 29, 2005 | = | ÷ | = | ÷ |
Based on: 10-K (reporting date: 2025-04-25), 10-K (reporting date: 2024-04-26), 10-K (reporting date: 2023-04-28), 10-K (reporting date: 2022-04-29), 10-K (reporting date: 2021-04-30), 10-K (reporting date: 2020-04-24), 10-K (reporting date: 2019-04-26), 10-K (reporting date: 2018-04-27), 10-K (reporting date: 2017-04-28), 10-K (reporting date: 2016-04-29), 10-K (reporting date: 2015-04-24), 10-K (reporting date: 2014-04-25), 10-K (reporting date: 2013-04-26), 10-K (reporting date: 2012-04-27), 10-K (reporting date: 2011-04-29), 10-K (reporting date: 2010-04-30), 10-K (reporting date: 2009-04-24), 10-K (reporting date: 2008-04-25), 10-K (reporting date: 2007-04-27), 10-K (reporting date: 2006-04-28), 10-K (reporting date: 2005-04-29).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Medtronic PLC Annual Report.
- Share Price Trend
- The share price exhibits considerable fluctuations over the reported period. It initially declined from $52.20 in 2005 to a low of $33.37 in 2009. Subsequently, there was a general upward trend peaking at $124.93 in 2021. After this peak, the share price decreased notably to $80.17 in 2024, followed by a modest increase to $86.34 in 2025.
- Earnings Per Share (EPS) Trend
- EPS demonstrated variable performance, starting at $1.49 in 2005 and increasing to $3.53 in 2008. A decline to $1.89 occurred by 2015. From 2016 onward, EPS fluctuated, reaching a high of $3.79 in 2022, before experiencing a drop in 2023 and a recovery to $3.64 by 2025. Overall, the EPS trend indicates intermittent growth amid periods of volatility.
- Price-to-Earnings (P/E) Ratio Trend
- The P/E ratio showed significant variability. It started high at 35.12 in 2005, falling to a low of 10.57 in 2012, indicating relatively lower valuation at that time. Thereafter, it increased with notable peaks such as 46.56 in 2021 and 40.56 in 2015, reflecting periods when share prices were high relative to earnings. Towards 2025, the P/E ratio settled around 23.73, indicating a moderate valuation level compared to past years.
- Interrelations and Insights
- The share price movements generally correlate with EPS changes, though not perfectly. For instance, large EPS increases do not always correspond to proportional share price increases, suggesting other market factors influencing valuation. Periods of low EPS were sometimes associated with higher P/E ratios, possibly reflecting market anticipation or other external influences. The volatility in P/E ratios indicates fluctuating investor sentiment regarding the company’s earnings prospects throughout the period.
Comparison to Competitors
Medtronic PLC, P/E, long-term trends, comparison to competitors
| Medtronic PLC | Abbott Laboratories | CVS Health Corp. | Elevance Health Inc. | Intuitive Surgical Inc. | UnitedHealth Group Inc. | |
|---|---|---|---|---|---|---|
| Jun 20, 2025 | ||||||
| Jun 20, 2024 | ||||||
| Jun 22, 2023 | ||||||
| Jun 23, 2022 | ||||||
| Jun 25, 2021 | ||||||
| Jun 19, 2020 | ||||||
| Jun 21, 2019 | ||||||
| Jun 22, 2018 | ||||||
| Jun 27, 2017 | ||||||
| Jun 28, 2016 | ||||||
| Jun 23, 2015 | ||||||
| Jun 20, 2014 | ||||||
| Jun 24, 2013 | ||||||
| Jun 26, 2012 | ||||||
| Jun 28, 2011 | ||||||
| Jun 29, 2010 | ||||||
| Jun 23, 2009 | ||||||
| Jun 24, 2008 | ||||||
| Jun 25, 2007 | ||||||
| Jun 28, 2006 | ||||||
| Jun 29, 2005 |
Based on: 10-K (reporting date: 2025-04-25), 10-K (reporting date: 2024-04-26), 10-K (reporting date: 2023-04-28), 10-K (reporting date: 2022-04-29), 10-K (reporting date: 2021-04-30), 10-K (reporting date: 2020-04-24), 10-K (reporting date: 2019-04-26), 10-K (reporting date: 2018-04-27), 10-K (reporting date: 2017-04-28), 10-K (reporting date: 2016-04-29), 10-K (reporting date: 2015-04-24), 10-K (reporting date: 2014-04-25), 10-K (reporting date: 2013-04-26), 10-K (reporting date: 2012-04-27), 10-K (reporting date: 2011-04-29), 10-K (reporting date: 2010-04-30), 10-K (reporting date: 2009-04-24), 10-K (reporting date: 2008-04-25), 10-K (reporting date: 2007-04-27), 10-K (reporting date: 2006-04-28), 10-K (reporting date: 2005-04-29).
Comparison to Sector (Health Care Equipment & Services)
Medtronic PLC, P/E, long-term trends, comparison to sector (health care equipment & services)
| Medtronic PLC | Health Care Equipment & Services | |
|---|---|---|
| Jun 20, 2025 | ||
| Jun 20, 2024 | ||
| Jun 22, 2023 | ||
| Jun 23, 2022 | ||
| Jun 25, 2021 | ||
| Jun 19, 2020 | ||
| Jun 21, 2019 | ||
| Jun 22, 2018 | ||
| Jun 27, 2017 | ||
| Jun 28, 2016 | ||
| Jun 23, 2015 | ||
| Jun 20, 2014 | ||
| Jun 24, 2013 | ||
| Jun 26, 2012 | ||
| Jun 28, 2011 | ||
| Jun 29, 2010 | ||
| Jun 23, 2009 | ||
| Jun 24, 2008 | ||
| Jun 25, 2007 | ||
| Jun 28, 2006 | ||
| Jun 29, 2005 |
Based on: 10-K (reporting date: 2025-04-25), 10-K (reporting date: 2024-04-26), 10-K (reporting date: 2023-04-28), 10-K (reporting date: 2022-04-29), 10-K (reporting date: 2021-04-30), 10-K (reporting date: 2020-04-24), 10-K (reporting date: 2019-04-26), 10-K (reporting date: 2018-04-27), 10-K (reporting date: 2017-04-28), 10-K (reporting date: 2016-04-29), 10-K (reporting date: 2015-04-24), 10-K (reporting date: 2014-04-25), 10-K (reporting date: 2013-04-26), 10-K (reporting date: 2012-04-27), 10-K (reporting date: 2011-04-29), 10-K (reporting date: 2010-04-30), 10-K (reporting date: 2009-04-24), 10-K (reporting date: 2008-04-25), 10-K (reporting date: 2007-04-27), 10-K (reporting date: 2006-04-28), 10-K (reporting date: 2005-04-29).
Comparison to Industry (Health Care)
Medtronic PLC, P/E, long-term trends, comparison to industry (health care)
| Medtronic PLC | Health Care | |
|---|---|---|
| Jun 20, 2025 | ||
| Jun 20, 2024 | ||
| Jun 22, 2023 | ||
| Jun 23, 2022 | ||
| Jun 25, 2021 | ||
| Jun 19, 2020 | ||
| Jun 21, 2019 | ||
| Jun 22, 2018 | ||
| Jun 27, 2017 | ||
| Jun 28, 2016 | ||
| Jun 23, 2015 | ||
| Jun 20, 2014 | ||
| Jun 24, 2013 | ||
| Jun 26, 2012 | ||
| Jun 28, 2011 | ||
| Jun 29, 2010 | ||
| Jun 23, 2009 | ||
| Jun 24, 2008 | ||
| Jun 25, 2007 | ||
| Jun 28, 2006 | ||
| Jun 29, 2005 |
Based on: 10-K (reporting date: 2025-04-25), 10-K (reporting date: 2024-04-26), 10-K (reporting date: 2023-04-28), 10-K (reporting date: 2022-04-29), 10-K (reporting date: 2021-04-30), 10-K (reporting date: 2020-04-24), 10-K (reporting date: 2019-04-26), 10-K (reporting date: 2018-04-27), 10-K (reporting date: 2017-04-28), 10-K (reporting date: 2016-04-29), 10-K (reporting date: 2015-04-24), 10-K (reporting date: 2014-04-25), 10-K (reporting date: 2013-04-26), 10-K (reporting date: 2012-04-27), 10-K (reporting date: 2011-04-29), 10-K (reporting date: 2010-04-30), 10-K (reporting date: 2009-04-24), 10-K (reporting date: 2008-04-25), 10-K (reporting date: 2007-04-27), 10-K (reporting date: 2006-04-28), 10-K (reporting date: 2005-04-29).