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

As of today, Medtronic PLC's current share price is $80.98. Medtronic PLC's E10 for the quarter that ended in Jan. 2016 was $2.85. Medtronic PLC's Shiller P/E Ratio for today is 28.41.

MDT' s Shiller P/E Ratio Range Over the Past 10 Years
Min: 14.42   Max: 46.55
Current: 28.37


During the past 13 years, Medtronic PLC's highest Shiller P/E Ratio was 46.55. The lowest was 14.42. And the median was 22.29.

MDT's Shiller P/E Ratio is ranked higher than
72% of the 43 Companies
in the Global Medical Devices industry.

( Industry Median: 39.79 vs. MDT: 28.37 )

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 Jan. 2016 was $0.770. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $2.85 for the trailing ten years ended in Jan. 2016.


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 Jan. 2016 was:

Adj_EPS=Earnigns per Share/CPI of Jan. 2016 (Change)*Current CPI (Jan. 2016)

Current CPI (Jan. 2016) = 236.916.

Medtronic PLC Quarterly Data

per share eps 0.8900.7500.4430.8700.8300.980-0.0010.5700.3600.770
CPI 233.546233.916237.072238.250237.433233.707236.599238.654237.838236.916
Adj_EPS 0.9030.7600.4430.8650.8280.993-0.0010.5660.3590.770
per share eps 0.7210.7700.8200.8800.9460.8300.6300.9700.9460.930
CPI 224.906225.922226.421226.665230.085229.104231.317230.280232.531233.596
Adj_EPS 0.7600.8070.8580.9200.9740.8580.6450.9980.9640.943
per share eps 0.4800.6200.0920.4000.7800.7500.8640.7600.5200.860
CPI 216.573211.143213.240215.351216.177216.687218.009218.011218.711220.223
Adj_EPS 0.5250.6960.1020.4400.8550.8200.9390.8260.5630.925
per share eps 0.6160.5100.5900.6100.7010.5900.5800.0700.7180.640
CPI 201.500203.500201.800202.416206.686208.299208.936211.080214.823219.964
Adj_EPS 0.7240.5940.6930.7140.8040.6710.6580.0790.7920.689

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 41.9638.8531.3219.1423.3919.6915.9017.9621.4026.27

Medtronic PLC Quarterly Data

ShillerPE 21.1820.6721.4021.9824.2525.2726.2727.1526.0026.60
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