Which has the lower trailing P/E, ELV or MDT?

ELV has the lower trailing P/E: ELV trades at 16.82 and MDT at 22.58. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, ELV or MDT?

Over the past five years, ELV grew revenue faster — ELV at a 9.25% CAGR versus MDT at 5.18%.

Does ELV or MDT pay a bigger dividend?

ELV yields 1.81% and MDT yields 3.38% based on trailing dividends and the latest price.

Is ELV or MDT more profitable?

MDT runs the higher net margin — ELV at 2.47% versus MDT at 13.20%.

How have ELV and MDT total returns compared?

Over the past 10 years, ELV delivered 12.46% and MDT delivered 2.30% annualized total return. Past performance doesn't predict future results.

Elevance Health Inc. (ELV) vs Medtronic plc (MDT)

A side-by-side comparison of Elevance Health Inc. and Medtronic plc across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of July 28, 2026. Differences are shown without an overall score or investment verdict.

ELV

Elevance Health Inc.

$83.65B

$385.73HealthcareDelayed quote: Jul 28, 2026, 4:00 PM EDT

MDT

Medtronic plc

$111.21B

$86.88HealthcareDelayed quote: Jul 28, 2026, 4:00 PM EDT

Total return — ELV vs MDT

growth of $100 · dividends reinvested · last 25y

ELV +2205.3%MDT +216.4%ELV compounded faster

Log scale — wide-divergence pair

ELV MDT

ELV vs MDT: by the numbers

•MDT is the larger company ($111.21B vs $83.65B market cap).
•ELV trades at the lower trailing earnings multiple (16.82 vs 22.58 P/E), one valuation lens rather than an overall verdict.
•MDT converts more revenue to profit (13.20% vs 2.47% net margin).
•ELV grew revenue faster over the past five years (9.25% vs 5.18% CAGR).
•MDT pays the higher dividend yield (3.38% vs 1.81%).

Metrics side by side

Valuation

Metric	ELV	MDT
P/E ratio	16.82	22.58
Forward P/E	13.95	15.26
P/S ratio	0.41	2.98
P/B ratio	1.84	2.19
PEG ratio	2.52	6.72
EV / EBITDA	12.78	14.41
FCF yield	7.63%	5.00%

Profitability

Metric	ELV	MDT
Gross margin	25.56%	65.02%
Operating margin	3.51%	17.78%
Net margin	2.47%	13.20%
ROE	11.06%	9.70%
ROIC	6.65%	6.13%

Dividends

Metric	ELV	MDT
Dividend yield	1.81%	3.38%
Payout ratio	27.24%	76.00%

Growth (annualized)

Metric	ELV	MDT
Revenue CAGR (5Y)	9.25%	5.18%
EPS CAGR (5Y)	6.67%	0.83%
FCF CAGR (5Y)	-19.97%	3.07%
Total return CAGR (5Y)	1.14%	-5.43%

Frequently asked

Which has the lower trailing P/E, ELV or MDT?: ELV has the lower trailing P/E: ELV trades at 16.82 and MDT at 22.58. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, ELV or MDT?: Over the past five years, ELV grew revenue faster — ELV at a 9.25% CAGR versus MDT at 5.18%.
Does ELV or MDT pay a bigger dividend?: ELV yields 1.81% and MDT yields 3.38% based on trailing dividends and the latest price.
Is ELV or MDT more profitable?: MDT runs the higher net margin — ELV at 2.47% versus MDT at 13.20%.
How have ELV and MDT total returns compared?: Over the past 10 years, ELV delivered 12.46% and MDT delivered 2.30% annualized total return. Past performance doesn't predict future results.

Go deeper

Full ELV analysis Full MDT analysis Interactive comparison tool

Dig into the metrics

Elevance Health P/E ratio Medtronic P/E ratio Elevance Health dividend yield Medtronic dividend yield Elevance Health ROE Medtronic ROE Elevance Health operating margin Medtronic operating margin Elevance Health revenue growth Medtronic revenue growth Elevance Health free cash flow Medtronic free cash flow

Elevance Health & Medtronic appear in these rankings

Highest Dividend Yield Stocks 25+ Year Dividend Growers Highest FCF Yield Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified July 28, 2026.