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Medtronic (BUE:MDT) E10 : ARS997.40 (As of Jan. 2025)


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What is Medtronic E10?

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's adjusted earnings per share data for the three months ended in Jan. 2025 was ARS2,123.505. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ARS997.40 for the trailing ten years ended in Jan. 2025.

During the past 12 months, Medtronic's average E10 Growth Rate was 1.20% per year. During the past 3 years, the average E10 Growth Rate was 3.60% per year. During the past 5 years, the average E10 Growth Rate was 2.90% per year. During the past 10 years, the average E10 Growth Rate was 2.80% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Medtronic was 21.50% per year. The lowest was 1.10% per year. And the median was 11.40% per year.

As of today (2025-03-16), Medtronic's current stock price is ARS28875.00. Medtronic's E10 for the quarter that ended in Jan. 2025 was ARS997.40. Medtronic's Shiller PE Ratio of today is 28.95.

During the past 13 years, the highest Shiller PE Ratio of Medtronic was 44.18. The lowest was 20.48. And the median was 29.54.


Medtronic E10 Historical Data

The historical data trend for Medtronic's E10 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 E10 Chart

Medtronic Annual Data
Trend Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 146.53 119.43 170.11 386.17 928.89

Medtronic Quarterly Data
Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25
E10 Get a 7-Day Free Trial 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 1,044.89 928.89 1,090.04 979.02 997.40

Competitive Comparison of Medtronic's E10

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's Shiller PE Ratio Distribution in the Medical Devices & Instruments Industry

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 E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get 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.

For example, Medtronic's adjusted earnings per share data for the three months ended in Jan. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jan. 2025 (Change)*Current CPI (Jan. 2025)
=2123.505/122.4391*122.4391
=2,123.505

Current CPI (Jan. 2025) = 122.4391.

Medtronic Quarterly Data

per share eps CPI Adj_EPS
201504 -0.013 99.975 -0.016
201507 10.474 100.374 12.777
201510 6.878 100.075 8.415
201601 21.283 98.879 26.354
201604 22.899 99.875 28.072
201607 19.836 100.872 24.077
201610 24.552 99.776 30.129
201701 18.809 99.178 23.221
201704 25.873 100.773 31.436
201707 26.348 100.673 32.045
201710 52.362 100.374 63.873
201801 -40.431 99.377 -49.814
201804 43.033 100.374 52.493
201807 45.630 101.470 55.059
201810 67.698 101.271 81.849
201901 70.722 100.075 86.527
201904 75.307 102.068 90.337
201907 54.360 101.969 65.273
201910 116.330 101.969 139.684
202001 170.002 101.371 205.335
202004 61.882 101.969 74.305
202007 50.767 101.570 61.198
202010 54.893 100.474 66.894
202101 158.070 101.171 191.299
202104 183.596 103.065 218.108
202107 107.251 103.763 126.555
202110 191.614 105.557 222.260
202201 225.896 106.255 260.304
202204 244.464 110.242 271.512
202207 175.560 113.262 189.784
202210 94.278 115.315 100.103
202301 325.402 114.470 348.057
202304 311.254 118.213 322.382
202307 302.906 119.903 309.312
202310 476.000 121.111 481.220
202401 1,600.731 119.179 1,644.520
202404 840.340 121.232 848.710
202407 1,460.800 122.560 1,459.360
202410 1,920.600 121.956 1,928.206
202501 2,123.505 122.439 2,123.505

Add all the adjusted EPS together and divide 10 will get our e10.


Medtronic  (BUE:MDT) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

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's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=28875.00/997.40
=28.95

* 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.

During the past 13 years, the highest Shiller P/E Ratio of Medtronic was 44.18. The lowest was 20.48. And the median was 29.54.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Medtronic E10 Related Terms

Thank you for viewing the detailed overview of Medtronic's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


Medtronic Business Description

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 roughly 50% of the company's total sales.