Price to Sales (P/S)
since 2005
Paying user area
Try for free
Medtronic PLC pages available for free this week:
- Statement of Comprehensive Income
- Balance Sheet: Assets
- Cash Flow Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Reportable Segments
- Analysis of Geographic Areas
- Selected Financial Data since 2005
- Return on Assets (ROA) since 2005
- Debt to Equity since 2005
- Price to Operating Profit (P/OP) since 2005
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Medtronic PLC for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Calculation
Medtronic PLC, P/S, long-term trends, calculation
| P/S | = | Share price1, 2, 3 | ÷ | Sales per share1 | Sales per share1 | = | Net sales1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Jun 18, 2026 | = | ÷ | = | ÷ | |||||||
| 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: 2026-04-24), 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.
The Price to Sales (P/S) ratio exhibits a volatile long-term trajectory characterized by an initial contraction, a period of recovery and peaking, and a subsequent recent decline. While sales per share have demonstrated consistent long-term growth, the market valuation expressed through the share price has fluctuated significantly, leading to substantial shifts in the valuation multiple.
- Initial Valuation Contraction (2005–2012)
- A significant downward trend in the P/S ratio is observed during this period, falling from a peak of 6.30 in 2005 to a low of 2.36 by 2012. This compression occurred despite a steady increase in sales per share, which rose from 8.28 to 15.79. This indicates that the share price declined or failed to keep pace with revenue growth, suggesting a reduction in the market's valuation premium during these years.
- Recovery and Valuation Peak (2013–2021)
- The valuation multiple entered a recovery phase starting in 2013, with the P/S ratio climbing to 5.36 by 2015. After a period of relative stability between 3.92 and 4.36 from 2016 to 2020, a sharp peak occurred in 2021, where the ratio reached 5.57. This spike was driven primarily by a substantial increase in the share price to 124.93, which significantly outpaced the growth in sales per share for that specific period.
- Recent Valuation Compression (2022–2026)
- A consistent decline in the P/S ratio is evident from 2022 onward, moving from 3.72 down to a projected 2.79 by 2026. This trend is marked by a decrease in share price from 88.67 to 79.34, even as sales per share continued to grow from 23.85 to 28.41. This divergence indicates a systemic compression of the revenue multiple, as the market is assigning less value to each dollar of sales generated.
- Correlation Between Revenue and Price
- The data reveals a decoupling between operational performance and market valuation. Sales per share have grown nearly 3.5 times from 2005 to 2026. However, the P/S ratio suggests that the market's willingness to pay a premium for these sales has diminished over the long term, returning toward levels not seen since the 2009–2012 period.
Comparison to Competitors
Medtronic PLC, P/S, long-term trends, comparison to competitors
| Medtronic PLC | Abbott Laboratories | Elevance Health Inc. | Intuitive Surgical Inc. | UnitedHealth Group Inc. | |
|---|---|---|---|---|---|
| Jun 18, 2026 | |||||
| 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: 2026-04-24), 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/S, long-term trends, comparison to sector (health care equipment & services)
| Medtronic PLC | Health Care Equipment & Services | |
|---|---|---|
| Jun 18, 2026 | ||
| 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: 2026-04-24), 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/S, long-term trends, comparison to industry (health care)
| Medtronic PLC | Health Care | |
|---|---|---|
| Jun 18, 2026 | ||
| 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: 2026-04-24), 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).