Stock Analysis on Net

Medtronic PLC (NYSE:MDT)

$24.99

Price to Sales (P/S)
since 2005

Microsoft Excel

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Calculation

Medtronic PLC, P/S, long-term trends, calculation

Microsoft Excel

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 Trends
The share price exhibited significant fluctuations over the period. Initially, it declined from $52.20 in 2005 to a low of $33.37 in 2009, indicating a notable downward trend during the early years. Following this trough, the share price experienced an overall upward trajectory, reaching a peak of $124.93 in 2021. However, after 2021, the price declined again, stabilizing in the range of approximately $80 to $87 in the subsequent years through 2025.
Sales Per Share Development
Sales per share demonstrated a general upward trend throughout the period. Starting at $8.28 in 2005, it increased steadily to $17.08 by 2014. Despite a brief dip to $14.31 in 2015, sales per share resumed growth, rising to $26.17 by 2025. This indicates ongoing revenue growth on a per-share basis, with a minor setback mid-period followed by strong recovery and expansion.
Price-to-Sales (P/S) Ratio Movements
The P/S ratio displayed considerable volatility. It started relatively high at 6.3 in 2005, sharply declined to around 2.5 between 2008 and 2010, reflecting a lower market valuation relative to sales. The ratio increased again, peaking at 5.57 in 2021, coinciding with the peak in share price, before declining to values near 3.3 by 2025. These fluctuations suggest changing market sentiments and valuation multiples over time, with higher valuations during periods of share price strength and lower ratios in years of market caution or price decline.

Comparison to Competitors

Medtronic PLC, P/S, long-term trends, comparison to competitors

Microsoft Excel

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)


Comparison to Industry (Health Care)