As of today (2024-04-25), Medtronic's share price is $79.25. Medtronic's Tangible Book per Share of Jan. 2024 for the quarter that ended in Jan. 2024 was $-2.30. Hence, Medtronic's Price to Tangible Book Ratio of today is .
The historical rank and industry rank for Medtronic's Price-to-Tangible-Book or its related term are showing as below:
During the past 13 years, Medtronic's highest Price to Tangible Book Ratio was 14.78. The lowest was 8.95. And the median was 10.49.
MDT's Price-to-Tangible-Book is not ranked *
in the Medical Devices & Instruments industry.
Industry Median: 2.64 * Ranked among companies with meaningful Price-to-Tangible-Book only.
A closely related ratio is called PB Ratio. As of today, Medtronic's share price is $79.25. Medtronic's Book Value per Sharefor the quarter that ended in Jan. 2024 was $38.95. Hence, Medtronic's P/B Ratio of today is 2.03.
Medtronic Price-to-Tangible-Book Historical Data
The historical data trend for Medtronic's Price-to-Tangible-Book can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Medtronic's Price-to-Tangible-Book
For the Medical Devices subindustry, Medtronic's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Medtronic's Price-to-Tangible-Book Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Medtronic's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Medtronic's Price-to-Tangible-Book falls into.
Medtronic Price-to-Tangible-Book Calculation
Medtronic's price-to-tangible-book ratio for today is calculated as:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
Medtronic Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Medtronic's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
One of the largest medical-device companies, Medtronic develops and manufactures therapeutic medical devices for chronic diseases. Its portfolio includes pacemakers, defibrillators, heart valves, stents, insulin pumps, spinal fixation devices, neurovascular products, advanced energy, and surgical tools. The company markets its products to healthcare institutions and physicians in the United States and overseas. Foreign sales account for roughly 50% of the company's total sales.
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