US · USD

MDT

Medtronic PLC

US$86.44+0.17% (US$0.15)
Day's range
US$85.22 – US$86.84
Day's volume
US$1.7bn
52-week range
US$72.50 – US$101.97

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MDT in numbers

Market cap
US$110.7bn
P/E
257.13
P/B
2.20
Dividend yield (12m)
3.31%

The 12-month dividend yield of MDT is 3.31%, above its 5-year average of 3.09%.

MDT price history

02/10/202501/10/2026
Compare with

MDT risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return-1.41%+35.33%-15.27%
Volatility (annualised)29.79%23.44%23.54%
Largest drawdown-28.83%-28.83%-37.39%
Positive months5/1219/3627/60

How much did investing in MDT return?

US$1,000.00 invested on 01/09/2021 would be worth US$807.77 today.

Value today in MDT
US$807.77
Return over the period
-19.22%
Return per year
-4.18%
In the S&P 500
US$1,776.31

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

MDT fundamentals

Valuation

  • P/E
    257.13
  • P/B
    2.20
  • EV/EBITDA
    11.38
  • EV/EBIT
    16.31
  • EV/Revenue
    2.95
  • P/EBIT
    16.31
  • P/S
    2.95
  • P/OCF
    13.78
  • P/FCF
    18.05
  • Earnings yield
    6.13%
  • PEG ratio
    —
  • Earnings per share
    US$0.34
  • Book value per share
    US$39.27

Debt

  • Net debt
    —
  • Net debt/EBITDA
    —
  • Net debt/Equity
    —
  • Debt/Equity
    —
  • Current ratio
    2.07
  • Quick ratio
    1.54
  • Cash ratio
    0.75

Efficiency

  • Gross margin
    65.01%
  • EBITDA margin
    25.91%
  • Operating margin
    18.08%
  • Net margin
    1.15%
  • Asset turnover
    0.40

Profitability

  • ROE
    0.86%
  • ROA
    0.46%
  • ROIC
    10.78%
  • Payout
    850.77%

Growth

  • Revenue CAGR (5 years)
    3.51%
  • Earnings CAGR (5 years)
    -35.60%
  • Revenue growth (year)
    —
  • Earnings growth (year)
    —
  • Revenue growth (quarter)
    —
  • Earnings growth (quarter)
    —

What is MDT's fair price?

Two classic value formulas, with today's numbers. The current price is US$86.44.

Graham's fair price
US$17.23
80.06% below the price

√(22.50 × US$0.34 × US$39.27)

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price
US$44.60
48.40% below the price

US$2.68 (5-year average) ÷ 6%

Décio Bazin only bought shares yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years divided by 6%.

Graham ignores growth and debt; Bazin assumes past distributions will repeat. They are reference points for comparison, not a buy recommendation.

MDT indicators by year

Multiples at each year's closing price; margins and returns from that year's accounts.

Indicator20262025202420232022202120202019
P/E23,076,008.1426,400,318.3727,863,902.8129,164,128.6620,493,607.7038.5532.8132.86
P/B2.242.562.042.131.972.703.103.04
EV/EBITDA11.7512.9412.2612.4212.2119.3522.9518.79
Dividend yield2.47%2.94%3.48%3.33%3.37%2.34%1.91%1.83%
Earnings per shareUS$0.00US$0.00US$0.00US$0.00US$0.00US$2.68US$3.57US$3.45
Book value per shareUS$38.64US$37.48US$39.16US$38.70US$39.55US$38.27US$37.83US$37.35
ROE0.00%0.00%0.00%0.00%0.00%7.01%9.44%9.25%
ROIC10.31%12.71%9.10%8.89%10.04%8.13%7.40%8.54%
Gross margin65.02%65.32%65.34%65.67%67.98%65.19%67.41%70.04%
EBITDA margin25.92%26.29%24.07%26.20%26.70%23.86%25.78%29.21%
Net margin0.00%0.00%0.00%0.00%0.00%11.97%16.56%15.16%
Net debt/EBITDA—-1.02-0.89-0.97——1.871.74

MDT financial statements

Line202620252024202320222021
Net revenueUS$36.4bnUS$33.5bnUS$32.4bnUS$31.2bnUS$31.7bnUS$30.1bn
Cost of sales-US$12.7bn-US$11.6bn-US$11.2bn-US$10.7bn-US$10.1bn-US$10.5bn
Gross profitUS$23.6bnUS$21.9bnUS$21.1bnUS$20.5bnUS$21.5bnUS$19.6bn
EBITDAUS$9.4bnUS$8.8bnUS$7.8bnUS$8.2bnUS$8.5bnUS$7.2bn
EBITUS$6.5bnUS$6bnUS$5.1bnUS$5.5bnUS$5.8bnUS$4.5bn
Net finance result——————
Profit before taxUS$6.1bnUS$5.6bnUS$4.8bnUS$5.4bnUS$5.5bnUS$3.9bn
Income tax-US$1.3bn-US$936m-US$1.1bn-US$1.6bn-US$456m-US$265m
Net incomeUS$4.8kUS$4.7kUS$3.7kUS$3.8kUS$5kUS$3.6bn

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does MDT pay dividends?

Announced payments
TypeLast day to ownPaymentPer share
Dividend24/09/202616/10/2026US$0.72

Dividend yield per year

  • 2.20%2017
  • 2.11%2018
  • 1.83%2019
  • 1.91%2020
  • 2.34%2021
  • 3.37%2022
  • 3.33%2023
  • 3.48%2024
  • 2.94%2025
  • 2.47%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend25/06/202617/07/2026US$0.72
Dividend26/03/202617/04/2026US$0.71
Dividend25/12/202516/01/2026US$0.71
Dividend25/09/202517/10/2025US$0.71
Dividend26/06/202511/07/2025US$0.71
Dividend27/03/202511/04/2025US$0.70
Dividend26/12/202410/01/2025US$0.70
Dividend26/09/202411/10/2024US$0.70
Dividend27/06/202412/07/2024US$0.70
Dividend20/03/202412/04/2024US$0.69
Dividend18/12/202312/01/2024US$0.69
Dividend20/09/202313/10/2023US$0.69
See all 39 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend21/06/202314/07/2023US$0.69
Dividend22/03/202314/04/2023US$0.68
Dividend19/12/202213/01/2023US$0.68
Dividend21/09/202214/10/2022US$0.68
Dividend22/06/202215/07/2022US$0.68
Dividend23/03/202222/04/2022US$0.63
Dividend20/12/202114/01/2022US$0.63
Dividend22/09/202115/10/2021US$0.63
Dividend23/06/202116/07/2021US$0.63
Dividend24/03/202116/04/2021US$0.58
Dividend18/12/202015/01/2021US$0.58
Dividend23/09/202016/10/2020US$0.58
Dividend24/06/202017/07/2020US$0.58
Dividend25/03/202017/04/2020US$0.54
Dividend25/12/201917/01/2020US$0.54
Dividend25/09/201918/10/2019US$0.54
Dividend04/07/201925/07/2019US$0.54
Dividend20/03/201912/04/2019US$0.50
Dividend26/12/201818/01/2019US$0.50
Dividend26/09/201819/10/2018US$0.50
Dividend04/07/201825/07/2018US$0.50
Dividend21/03/201813/04/2018US$0.46
Dividend27/12/201719/01/2018US$0.46
Dividend27/09/201720/10/2017US$0.46
Dividend04/07/201726/07/2017US$0.46
Dividend21/03/201713/04/2017US$0.43
Dividend20/12/201613/01/2017US$0.43

About Medtronic

Sector
Manufacturing

Questions about MDT

How much is MDT today?

MDT is at US$86.44 (0.17% on the day), last traded on 01/10/2026.

How much did MDT pay in dividends in 2025?

MDT paid US$2.82 per share in 2025, a dividend yield of 2.94%.

When is the next MDT dividend?

The next announced payment is US$0.72 per share on 16/10/2026.

What are the P/E and P/B of MDT?

MDT trades at a P/E of 257.13 and a P/B of 2.20.

How much did MDT return in 12 months?

MDT returned -1.41% in 12 months, with annualised volatility of 29.79% and a largest drawdown of -28.83%.