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Medtronic (NYSE:MDT) Shiller PE Ratio

: 23.98 (As of Today)
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As of today (2022-11-28), Medtronic's current share price is $79.12. Medtronic's E10 for the quarter that ended in Oct. 2022 was $3.30. Medtronic's Shiller PE Ratio for today is 23.98.

The historical rank and industry rank for Medtronic's Shiller PE Ratio or its related term are showing as below:

MDT' s Shiller PE Ratio Range Over the Past 10 Years
Min: 15.63   Med: 28.9   Max: 44.14
Current: 23.97

During the past years, Medtronic's highest Shiller PE Ratio was 44.14. The lowest was 15.63. And the median was 28.90.

MDT's Shiller PE Ratio is ranked better than
61.85% of 249 companies
in the Medical Devices & Instruments industry
Industry Median: 32.92 vs MDT: 23.97

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

Medtronic's adjusted earnings per share data for the three months ended in Oct. 2022 was $0.320. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $3.30 for the trailing ten years ended in Oct. 2022.

Shiller PE for Stocks: The True Measure of Stock Valuation


Medtronic (NYSE:MDT) Shiller PE Ratio Historical Data

The historical data trend for Medtronic's Shiller PE Ratio 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.

* Premium members only.

Medtronic Annual Data
Trend Apr13 Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22
Shiller PE Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 28.63 29.57 31.93 42.87 31.91

Medtronic Quarterly Data
Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22
Shiller PE Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 38.53 32.90 31.91 27.75 26.46

Medtronic (NYSE:MDT) Shiller PE Ratio Competitive Comparison

For the Medical Devices subindustry, Medtronic's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio 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 (NYSE:MDT) Shiller PE Ratio Distribution

For the Medical Devices & Instruments industry and Healthcare sector, Medtronic's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Medtronic's Shiller PE Ratio falls into.



Medtronic Shiller PE Ratio Calculation

For Shiller PE Ratio, 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 PE Ratio is also called PE10.

The Shiller PE Ratio 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's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=79.12/3.3
=23.98

* 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.

Medtronic's E10 for the quarter that ended in Oct. 2022 is calculated as:

For example, Medtronic's adjusted earnings per share data for the three months ended in Oct. 2022 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Oct. 2022 (Change)*Current CPI (Oct. 2022)
=0.32/113.4313*113.4313
=0.320

Current CPI (Oct. 2022) = 113.4313.

Medtronic Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201301 0.970 99.178 1.109
201304 0.950 100.374 1.074
201307 0.930 100.274 1.052
201310 0.890 100.075 1.009
201401 0.750 99.377 0.856
201404 0.440 100.673 0.496
201407 0.870 100.573 0.981
201410 0.830 100.274 0.939
201501 0.980 98.779 1.125
201504 -0.001 99.975 -0.001
201507 0.570 100.374 0.644
201510 0.360 100.075 0.408
201601 0.770 98.879 0.883
201604 0.780 99.875 0.886
201607 0.660 100.872 0.742
201610 0.800 99.776 0.909
201701 0.590 99.178 0.675
201704 0.840 100.773 0.946
201707 0.740 100.673 0.834
201710 1.480 100.374 1.673
201801 -1.030 99.377 -1.176
201804 1.070 100.374 1.209
201807 0.790 101.470 0.883
201810 0.820 101.271 0.918
201901 0.940 100.075 1.065
201904 0.870 102.068 0.967
201907 0.640 101.969 0.712
201910 1.010 101.969 1.124
202001 1.420 101.371 1.589
202004 0.480 101.969 0.534
202007 0.360 101.570 0.402
202010 0.360 100.474 0.406
202101 0.940 101.171 1.054
202104 1.000 103.065 1.101
202107 0.560 103.763 0.612
202110 0.970 105.557 1.042
202201 1.100 106.255 1.174
202204 1.100 110.242 1.132
202207 0.700 113.232 0.701
202210 0.320 113.431 0.320

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

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Medtronic  (NYSE:MDT) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio 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 PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio 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, Shiller PE Ratio and PS Ratio will give false valuations.


Medtronic Shiller PE Ratio Related Terms

Thank you for viewing the detailed overview of Medtronic's Shiller PE Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Medtronic (NYSE:MDT) Business Description

Medtronic logo
Address
Lower Hatch Street, 20 On Hatch, Dublin, IRL, 2
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 almost 50% of the company's total sales.
Executives
Fong Ivan K officer: EVP GENERAL COUNSEL & SECR 3M CENTER ST. PAUL MN 55144-1000
Kirk Jennifer M officer: Chief Accounting Officer 5 GREENWAY PLAZA SUITE 110 HOUSTON TX 77046
Lofton Kevin E director GILEAD SCIENCES, INC. 333 LAKESIDE DRIVE FOSTER CITY CA 94404
Wall Brett A. officer: EVP & Group Pres Restora Thera 710 MEDTRONIC PARKWAY LC300 MINNEAPOLIS MN 55432
Salmon Sean officer: EVP & Group President Diabetes MEDTRONIC PLC, 710 MEDTRONIC PARKWAY LC300 MINNEAPOLIS MN 55432
Goldsmith Andrea Jo director 1220 AUGUSTA DRIVE SUITE 600 HOUSTON TX 77057
Liddicoat John R officer: EVP & President of Americas MEDTRONIC PLC 710 MEDTRONIC PKWY, MS LC300 MINNEAPOLIS MN 55432
White Robert John officer: EVP & President MITG MEDTRONIC PLC 710 MEDTRONIC PKWY MS LC300 MINNEAPOLIS MN 55432
Parkhill Karen L officer: EVP & Chief Financial Officer 1717 MAIN STREET, MC 6402 DALLAS TX 75201
Reddy Preetha director APOLLO HOSPITALS 21 GREAMS LN, OFF GREAMS RD CHENNAI K7 600006
Ellis Gary Lee officer: EVP & Chief Financial Officer THE TORO COMPANY 8111 LYNDALE AVENUE SOUTH BLOOMINGTON MN 55420
Hanson Bryan C officer: EVP AND PRESIDENT, COVIDIEN ZIMMER BIOMET HOLDINGS 345 E. MAIN STREET WARSAW IN 46580
Hakami Hooman officer: EVP & Group President Diabetes 710 MEDTRONIC PKWY MSLC300 MINNEAPOLIS MN 55432
Oconnell Christopher J officer: See Remarks MEDTRONIC, INC. 710 MEDTRONIC PKWY MINNEAPOLIS MN 55432
Lenehan James T director C/O MEDTRONIC INC 710 MEDTRONIC PKWY MS LC300 MINNEAPOLIS MN 55432

Medtronic (NYSE:MDT) Headlines

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