Medtronic Plc Overview
Medtronic Plc (MDT) has a P/E ratio of 24.89, below the Healthcare sector average of 26.85.
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The P/E ratio compares a company's stock price to its earnings per share. A lower P/E ratio may indicate that the stock is undervalued.
Medtronic Plc (MDT) currently reports a P/E ratio of 24.89. That is below the Healthcare sector average of 26.85. Use the charts on this page to explore Medtronic Plc's P/E ratio history and peer comparisons.
Medtronic Plc's P/E ratio of 24.89 is lower than the Healthcare sector average of 26.85. That is roughly 7.3% below the sector mean. A reading lower peers can reflect different growth expectations, capital structure, or profitability — so it is worth checking the peer comparison chart before drawing conclusions.
The P/E ratio is a valuation multiple that relates Medtronic Plc's market price to a fundamental measure such as earnings, sales, or book value. At 24.89, MDT can look expensive or cheap only in context — versus its own history, growth rate, and Healthcare peers. Higher multiples often price in stronger expected growth; lower ones can signal value or concern.
Start with the current P/E ratio of 24.89, then check the historical chart for trend and the peer comparison chart for relative positioning. The Healthcare average is 26.85. From there, open related valuation or income-statement pages for Medtronic Plc, and consider following MDT for alerts when major investors trade the stock.
Medtronic Plc is classified in the Healthcare sector. On P/E ratio, it currently shows 24.89 versus a sector average near 26.85. Sector peers often share similar capital intensity and growth regimes, so relative rankings inside Healthcare are usually more informative than comparing MDT with unrelated industries.
