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As of today (2024-06-10), Medtronic's current share price is $84.07. Medtronic's E10 for the quarter that ended in Apr. 2024 was $3.39. Medtronic's Shiller PE Ratio for today is 24.80.
The historical rank and industry rank for Medtronic's Shiller PE Ratio or its related term are showing as below:
During the past years, Medtronic's highest Shiller PE Ratio was 44.18. The lowest was 20.21. And the median was 28.99.
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 Apr. 2024 was $0.490. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $3.39 for the trailing ten years ended in Apr. 2024.
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.
Medtronic Quarterly Data | ||||||||||||||||||||
Jul19 | Oct19 | Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | Apr23 | Jul23 | Oct23 | Jan24 | Apr24 | |
Shiller PE Ratio | Get a 7-Day Free Trial | 26.79 | 25.88 | 20.84 | 26.20 | 23.64 |
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.
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.
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 |
= | 84.07 | / | 3.39 | |
= | 24.80 |
* 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 Apr. 2024 is calculated as:
For example, Medtronic's adjusted earnings per share data for the three months ended in Apr. 2024 was:
Adj_EPS | = | Earnings per Share (Diluted) | / | CPI of Apr. 2024 (Change) | * | Current CPI (Apr. 2024) |
= | 0.49 | / | 121.2316 | * | 121.2316 | |
= | 0.490 |
Current CPI (Apr. 2024) = 121.2316.
Medtronic Quarterly Data
Earnings per Share (Diluted) | CPI | Adj_EPS | |
201407 | 0.870 | 100.573 | 1.049 |
201410 | 0.830 | 100.274 | 1.003 |
201501 | 0.980 | 98.779 | 1.203 |
201504 | -0.001 | 99.975 | -0.001 |
201507 | 0.570 | 100.374 | 0.688 |
201510 | 0.360 | 100.075 | 0.436 |
201601 | 0.770 | 98.879 | 0.944 |
201604 | 0.780 | 99.875 | 0.947 |
201607 | 0.660 | 100.872 | 0.793 |
201610 | 0.800 | 99.776 | 0.972 |
201701 | 0.590 | 99.178 | 0.721 |
201704 | 0.840 | 100.773 | 1.011 |
201707 | 0.740 | 100.673 | 0.891 |
201710 | 1.480 | 100.374 | 1.788 |
201801 | -1.030 | 99.377 | -1.257 |
201804 | 1.070 | 100.374 | 1.292 |
201807 | 0.790 | 101.470 | 0.944 |
201810 | 0.820 | 101.271 | 0.982 |
201901 | 0.940 | 100.075 | 1.139 |
201904 | 0.870 | 102.068 | 1.033 |
201907 | 0.640 | 101.969 | 0.761 |
201910 | 1.010 | 101.969 | 1.201 |
202001 | 1.420 | 101.371 | 1.698 |
202004 | 0.480 | 101.969 | 0.571 |
202007 | 0.360 | 101.570 | 0.430 |
202010 | 0.360 | 100.474 | 0.434 |
202101 | 0.940 | 101.171 | 1.126 |
202104 | 1.000 | 103.065 | 1.176 |
202107 | 0.560 | 103.763 | 0.654 |
202110 | 0.970 | 105.557 | 1.114 |
202201 | 1.100 | 106.255 | 1.255 |
202204 | 1.100 | 110.242 | 1.210 |
202207 | 0.700 | 113.262 | 0.749 |
202210 | 0.320 | 115.315 | 0.336 |
202301 | 0.920 | 114.470 | 0.974 |
202304 | 0.880 | 118.213 | 0.902 |
202307 | 0.590 | 119.903 | 0.597 |
202310 | 0.680 | 121.111 | 0.681 |
202401 | 0.990 | 119.179 | 1.007 |
202404 | 0.490 | 121.232 | 0.490 |
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.
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.
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.
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.
Brett A. Wall | officer: EVP & Group Pres Restora Thera | 710 MEDTRONIC PARKWAY, LC300, MINNEAPOLIS MN 55432 |
Gregory L Smith | officer: EVP Global Ops & Supply Chain | 710 MEDTRONIC PARKWAY, LC300, MINNEAPOLIS MN 55432 |
Michael Marinaro | officer: EVP & President, Surgical OU | 710 MEDTRONIC PARKWAY NE, LC300, MINNEAPOLIS MN 55432 |
Hoedt Rob Ten | officer: EVP & President EMEAC | 710 MEDTRONIC PKWY, MSLC300, MINNEAPOLIS MN 55432 |
Gregory P Lewis | director | C/O HONEYWELL INTERNATIONAL INC., 300 SOUTH TRYON STREET, CHARLOTTE NC 28202 |
Sean Salmon | officer: EVP & Group President Diabetes | MEDTRONIC PLC, 710 MEDTRONIC PARKWAY, LC300, MINNEAPOLIS MN 55432 |
Lidia Fonseca | director | 358 SOUTH MAIN STREET, BURLINGTON NC 27215 |
Karen L Parkhill | officer: EVP & Chief Financial Officer | 1717 MAIN STREET, MC 6402, DALLAS TX 75201 |
Ivan K Fong | officer: EVP GENERAL COUNSEL & SECR | 3M CENTER, ST. PAUL MN 55144-1000 |
Robert John White | officer: EVP & President MITG | MEDTRONIC PLC, 710 MEDTRONIC PKWY MS LC300, MINNEAPOLIS MN 55432 |
Richard H Anderson | director | MEDTRONIC, INC, 710 MEDTRONIC PKWY, MS LC310, MINNEAPOLIS MN 55432-5604 |
Bradley E Lerman | officer: SVP General Counsel & Corp Sec | MEDTRONIC, INC., 710 MEDTRONIC PKWY MSLC300, MINNEAPOLIS MN 55432 |
Geoffrey Martha | officer: Sr VP, Strategy & Bus Dev | 710 MEDTRONIC PKWAY, MS LC300, MINNEAPOLIS MN 55432 |
Jennifer M Kirk | officer: Chief Accounting Officer | 5 GREENWAY PLAZA, SUITE 110, HOUSTON TX 77046 |
John R Liddicoat | officer: EVP & President of Americas | MEDTRONIC PLC, 710 MEDTRONIC PKWY, MS LC300, MINNEAPOLIS MN 55432 |
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