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Medtronic PLC (NYSE:MDT)
Shiller P/E Ratio
26.55 (As of Today)

As of today, Medtronic PLC's current share price is $76.46. Medtronic PLC's E10 for the quarter that ended in Jul. 2015 was $2.88. Medtronic PLC's Shiller P/E Ratio for today is 26.55.

MDT' s 10-Year Shiller P/E Ratio Range
Min: 14.35   Max: 57.2
Current: 26.59


During the past 13 years, Medtronic PLC's highest Shiller P/E Ratio was 57.20. The lowest was 14.35. And the median was 21.96.

MDT's Shiller P/E Ratiois ranked higher than
74% of the 42 Companies
in the Global Medical Devices industry.

( Industry Median: 35.69 vs. MDT: 26.59 )

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Medtronic PLC's adjusted earnings per share data for the three months ended in Jul. 2015 was $0.570. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $2.88 for the trailing ten years ended in Jul. 2015.


For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Medtronic PLC's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Medtronic PLC's E10 for the fiscal year that ended in Apr15 is calculated as:

For example, Medtronic PLC's adjusted earnings per share data for the three months ended in Jul. 2015 was:

Adj_EPS=Earnigns per Share/CPI of Jul. 2015 (Change)*Current CPI (Jul. 2015)

Current CPI (Jul. 2015) = 238.654.

Medtronic PLC Quarterly Data

per share eps 0.9460.9300.8900.7500.4430.8700.8300.980-0.0010.570
CPI 232.531233.596233.546233.916237.072238.250237.433233.707236.599238.654
Adj_EPS 0.9710.9500.9090.7650.4460.8710.8341.001-0.0010.570
per share eps 0.5200.8600.7210.7700.8200.8800.9460.8300.6300.970
CPI 218.711220.223224.906225.922226.421226.665230.085229.104231.317230.280
Adj_EPS 0.5670.9320.7650.8130.8640.9270.9810.8650.6501.005
per share eps 0.7180.6400.4800.6200.0920.4000.7800.7500.8640.760
CPI 214.823219.964216.573211.143213.240215.351216.177216.687218.009218.011
Adj_EPS 0.7980.6940.5290.7010.1030.4430.8610.8260.9460.832
per share eps 0.6700.5500.6160.5100.5900.6100.7010.5900.5800.070
CPI 199.200198.300201.500203.500201.800202.416206.686208.299208.936211.080
Adj_EPS 0.8030.6620.7300.5980.6980.7190.8090.6760.6620.079

Add all the adjusted EPS together and divide 10 will get our E10.


Compared with the regular P/E ratio, which works poorly for cyclical businesses, the Shiller P/E smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller P/E should give similar results to regular P/E.

Compared with the P/S ratio, the Shiller P/E makes the comparison between different industries more meaningful.

Be Aware

The Shiller P/E assumes that over the long term, businesses and profitability revert to their means. If a company’s business model does not work in the future compared with the past, the Shiller P/E and P/S ratio will give false valuations.

Related Terms

P/E Ratio, P/B Ratio, P/S Ratio, Price-to-Free-Cash-Flow ratio, E10

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Medtronic PLC Annual Data

ShillerPE 41.8138.6931.4619.0523.2819.7715.8217.8721.2726.12

Medtronic PLC Quarterly Data

ShillerPE 17.8720.7821.2720.7521.2722.0624.1125.3726.1227.26
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