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Medtronic plc (MDT) EV/EBITDA Ratio: 13.03x

Is Medtronic plc’s EV/EBITDA ratio high or low?

Medtronic plc's EV/EBITDA ratio of 13.03x is 23% below its 5-year average of 17.02x, near the low end of its 5-year range (13.03x–31.94x).

The EV/EBITDA ratio for Medtronic plc (MDT) is 13.03x as of Wednesday, June 10, 2026. It is below its 12-month average by 16.89% (15.68x).

MDT EV/EBITDA Ratio Chart

MDT EV/EBITDA Ratio
13.03x-15.28% 1Y
Zoom

MDT Average EV/EBITDA Ratio Chart

MDT Current vs Average EV/EBITDA Ratio Chart

MDT EV/EBITDA Ratio Metrics

EV/EBITDA RATIO

13.03x

EV/EBITDA RATIO AVG TTM

15.68x

EV/EBITDA RATIO AVG 3Y

15.65x

EV/EBITDA RATIO AVG 5Y

17.02x

EV/EBITDA RATIO AVG 10Y

17.74x

EV/EBITDA RATIO AVG 15Y

16.52x

EV/EBITDA RATIO AVG 20Y

15.70x

CURRENT VS TTM AVG

-16.89%

CURRENT VS 3Y AVG

-16.76%

CURRENT VS 5Y AVG

-23.46%

CURRENT VS 10Y AVG

-26.57%

CURRENT VS 15Y AVG

-21.14%

CURRENT VS 20Y AVG

-17.01%

MDT Competitors' EV/EBITDA Ratio

NAMEMARKET CAPEV/EBITDA RATIOTTM3Y5Y
Medtronic plc (MDT)13.03x15.68x15.65x17.02x
Vertex Pharmaceuticals Incorporated (VRTX)$110.77B20.92x22.99x82.30x54.94x
Bristol-Myers Squibb Company (BMY)$114.14B10.82x9.64x16.60x15.48x
Elevance Health Inc. (ELV)$87.43B12.44x10.05x11.31x12.23x
CVS Health Corporation (CVS)$125.16B17.45x14.88x11.86x12.00x
Cigna Corporation (CI)$78.25B8.55x8.37x9.19x9.50x
Danaher Corporation (DHR)$130.25B21.52x23.46x23.88x22.36x
Regeneron Pharmaceuticals, Inc. (REGN)$62.59B11.35x12.73x17.20x14.74x
Pfizer Inc. (PFE)$146.36B12.38x10.50x15.94x13.74x
Intuitive Surgical, Inc. (ISRG)$146.44B39.06x52.49x59.81x55.90x

EV/EBITDA vs. its own history

At 13.0, EV/EBITDA is cheaper than usual — richer than 24% of its 20-year range.

20-year low

7.0

median

15.6

20-year high

33.0

cheaperricher

Understanding EV/EBITDA

Enterprise Value (EV) = Market Cap + Total Debt - Cash

EBITDA = Earnings Before Interest, Taxes, Depreciation & Amortization

EV/EBITDA is commonly used for comparing companies because:

  • It accounts for debt levels (capital structure neutral)
  • It removes effects of different depreciation policies
  • It can be compared across countries with different tax rates
  • It can remain available when net income is negative, if EBITDA is positive

Medtronic plc EV/EBITDA Ratio Formula & Definition

EV/EBITDA = Enterprise Value / EBITDA (TTM)

Enterprise value to EBITDA is a capital-structure-neutral valuation multiple, useful for comparing companies with different debt levels and tax rates.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Medtronic plc EV/EBITDA Ratio FAQ

What is the EV/EBITDA ratio for Medtronic plc (MDT)?
The EV/EBITDA ratio for MDT stock is 13.03x.
Is Medtronic plc's EV/EBITDA ratio high or low?
Medtronic plc's EV/EBITDA ratio of 13.03x is 23% below its 5-year average of 17.02x, near the low end of its 5-year range (13.03x–31.94x).
What is the TTM average EV/EBITDA ratio for Medtronic plc (MDT)?
The TTM average EV/EBITDA ratio for MDT stock is 15.68x.
What is the 3Y average EV/EBITDA ratio for Medtronic plc (MDT)?
The 3Y average EV/EBITDA ratio for MDT stock is 15.65x.
What is the 5Y average EV/EBITDA ratio for Medtronic plc (MDT)?
The 5Y average EV/EBITDA ratio for MDT stock is 17.02x.
What is the 10Y average EV/EBITDA ratio for Medtronic plc (MDT)?
The 10Y average EV/EBITDA ratio for MDT stock is 17.74x.
What is the 15Y average EV/EBITDA ratio for Medtronic plc (MDT)?
The 15Y average EV/EBITDA ratio for MDT stock is 16.52x.
What is the 20Y average EV/EBITDA ratio for Medtronic plc (MDT)?
The 20Y average EV/EBITDA ratio for MDT stock is 15.70x.

Medtronic plc EV/EBITDA Ratio History

DATEEV/EBITDA RATIO
2026-06-0213.03x
2026-06-0113.06x
2026-05-2913.04x
2026-05-2813.28x
2026-05-2713.34x
2026-05-2613.56x
2026-05-2213.70x
2026-05-2113.64x
2026-05-2013.64x
2026-05-1913.70x
2026-05-1813.52x
2026-05-1513.36x
2026-05-1413.48x
2026-05-1313.37x
2026-05-1213.45x
2026-05-1113.14x
2026-05-0813.36x
2026-05-0713.61x
2026-05-0613.56x
2026-05-0513.59x
2026-05-0413.66x
2026-05-0113.89x
2026-04-3014.03x
2026-04-2913.81x
2026-04-2814.15x
2026-04-2714.29x
2026-04-2414.35x
2026-04-2314.41x
2026-04-2214.34x
2026-04-2114.17x
2026-04-2014.58x
2026-04-1714.74x
2026-04-1614.67x
2026-04-1514.87x
2026-04-1415.01x
2026-04-1314.99x
2026-04-1014.89x
2026-04-0914.98x
2026-04-0815.08x
2026-04-0714.78x
2026-04-0614.76x
2026-04-0214.81x
2026-04-0114.73x
2026-03-3114.81x
2026-03-3014.68x
2026-03-2714.88x
2026-03-2614.95x
2026-03-2514.98x
2026-03-2414.80x
2026-03-2314.88x
2026-03-2014.74x
2026-03-1914.84x
2026-03-1814.89x
2026-03-1715.05x
2026-03-1615.03x
2026-03-1314.88x
2026-03-1214.91x
2026-03-1115.13x
2026-03-1015.25x
2026-03-0915.45x
2026-03-0615.39x
2026-03-0515.68x
2026-03-0416.04x
2026-03-0316.19x
2026-03-0216.38x
2026-02-2716.32x
2026-02-2616.24x
2026-02-2516.19x
2026-02-2416.20x
2026-02-2316.70x
2026-02-2016.46x
2026-02-1916.56x
2026-02-1816.68x
2026-02-1716.39x
2026-02-1316.82x
2026-02-1217.01x
2026-02-1117.04x
2026-02-1017.09x
2026-02-0917.12x
2026-02-0617.29x
2026-02-0517.30x
2026-02-0417.15x
2026-02-0317.33x
2026-02-0217.27x
2026-01-3017.30x
2026-01-2917.03x
2026-01-2817.00x
2026-01-2716.99x
2026-01-2616.98x
2026-01-2317.01x
2026-01-2217.08x
2026-01-2116.93x
2026-01-2016.70x
2026-01-1616.44x
2026-01-1516.75x
2026-01-1416.72x
2026-01-1316.39x
2026-01-1216.47x
2026-01-0916.55x
2026-01-0816.71x
2026-01-0716.86x
2026-01-0616.93x
2026-01-0516.52x
2026-01-0216.34x
2025-12-3116.34x
2025-12-3016.43x
2025-12-2916.36x
2025-12-2616.41x
2025-12-2416.51x
2025-12-2316.54x
2025-12-2216.57x
2025-12-1916.70x
2025-12-1816.68x
2025-12-1716.66x
2025-12-1616.57x
2025-12-1516.69x
2025-12-1216.87x
2025-12-1116.86x
2025-12-1017.00x
2025-12-0916.84x
2025-12-0817.07x
2025-12-0517.08x
2025-12-0417.17x
2025-12-0317.17x
2025-12-0217.17x
2025-12-0117.36x
2025-11-2817.63x
2025-11-2617.59x
2025-11-2517.63x
2025-11-2417.14x
2025-11-2116.86x
2025-11-2016.61x
2025-11-1916.74x
2025-11-1816.81x
2025-11-1716.18x
2025-11-1416.13x
2025-11-1316.16x
2025-11-1216.12x
2025-11-1116.06x
2025-11-1015.69x
2025-11-0715.62x
2025-11-0615.33x
2025-11-0515.37x
2025-11-0415.38x
2025-11-0315.35x
2025-10-3115.42x
2025-10-3015.45x
2025-10-2915.56x
2025-10-2815.76x
2025-10-2715.89x
2025-10-2415.82x
2025-10-2315.90x
2025-10-2216.13x
2025-10-2116.12x
2025-10-2016.13x
2025-10-1716.12x
2025-10-1616.01x
2025-10-1516.05x
2025-10-1416.22x
2025-10-1316.09x
2025-10-1016.07x
2025-10-0916.21x
2025-10-0816.40x
2025-10-0716.47x
2025-10-0616.48x
2025-10-0316.38x
2025-10-0216.07x
2025-10-0115.98x
2025-09-3016.04x
2025-09-2915.87x
2025-09-2615.90x
2025-09-2515.91x
2025-09-2416.11x
2025-09-2316.00x
2025-09-2215.96x
2025-09-1916.02x
2025-09-1816.09x
2025-09-1715.95x
2025-09-1615.90x
2025-09-1515.79x
2025-09-1215.87x
2025-09-1115.90x
2025-09-1015.64x
2025-09-0915.88x
2025-09-0815.73x
2025-09-0515.72x
2025-09-0415.71x
2025-09-0315.63x
2025-09-0215.78x
2025-08-2915.71x
2025-08-2815.59x
2025-08-2715.60x
2025-08-2615.62x
2025-08-2515.71x
2025-08-2215.80x
2025-08-2115.58x
2025-08-2015.88x
2025-08-1915.41x
2025-08-1815.82x
2025-08-1515.85x
2025-08-1415.70x
2025-08-1315.83x
2025-08-1215.72x
2025-08-1115.81x
2025-08-0815.83x
2025-08-0715.60x
2025-08-0615.34x
2025-08-0515.38x
2025-08-0415.38x
2025-08-0115.33x
2025-07-3115.46x
2025-07-3015.65x
2025-07-2915.77x
2025-07-2815.70x
2025-07-2515.84x
2025-07-2415.75x
2025-07-2315.71x
2025-07-2215.66x
2025-07-2115.38x
2025-07-1815.37x
2025-07-1715.36x
2025-07-1615.39x
2025-07-1515.32x
2025-07-1415.39x
2025-07-1115.41x
2025-07-1015.34x
2025-07-0915.29x
2025-07-0815.23x
2025-07-0715.10x
2025-07-0315.20x
2025-07-0215.19x
2025-07-0115.25x
2025-06-3015.03x
2025-06-2714.87x
2025-06-2614.89x
2025-06-2514.86x
2025-06-2414.88x
2025-06-2314.86x
2025-06-2014.91x
2025-06-1815.67x
2025-06-1715.74x
2025-06-1616.00x
2025-06-1315.90x
2025-06-1216.08x
2025-06-1116.02x
2025-06-1016.00x
2025-06-0915.93x
2025-06-0615.93x
2025-06-0515.86x
2025-06-0415.65x
2025-06-0315.64x
2025-06-0215.38x
2025-05-3015.26x
2025-05-2915.18x
2025-05-2815.01x
2025-05-2715.00x
2025-05-2314.92x
2025-05-2214.96x
2025-05-2115.48x
2025-05-2015.77x

Showing the most recent 260 of 5,031 data points. The chart above shows the full history.

About Medtronic plc

Medtronic plc is a leading global medical technology enterprise that invents, develops, manufactures, and distributes an extensive range of device-based medical therapies. These solutions serve healthcare systems, clinicians, physicians, and patients across the world. The company's operations are categorized into several key portfolios: Cardiovascular Portfolio: This segment focuses on cardiac health, providing technologies for heart rhythm management, including implantable pacemakers, defibrillators, and monitoring systems, alongside cardiac ablation tools and remote patient software. It also addresses structural heart issues with products like aortic and pulmonary valves, surgical repair devices, and endovascular stent grafts, in addition to offerings for percutaneous coronary interventions (e.g., angioplasty balloons). Medical Surgical Portfolio: Offering a broad spectrum of surgical instruments and therapies, this division includes staples, vessel sealing devices, wound closure products, and electrosurgical equipment. It also pioneers surgical artificial intelligence and robotic-assisted platforms, alongside solutions for hernia repair, gynecology, lung conditions, minimally invasive gastrointestinal and hepatologic diagnostics, patient monitoring, airway management, ventilation therapies, and renal disease. Neuroscience Portfolio: This division delivers specialized products for a diverse group of medical professionals, such as spinal surgeons, neurosurgeons, neurologists, pain management specialists, and ENT experts. Its offerings span energy surgical instruments, advanced image-guided and intra-operative imaging systems, robotic guidance for spine procedures, and therapies targeting the brain's vasculature. Diabetes Operating Unit: Dedicated to diabetes management, this unit provides innovative solutions like insulin pumps and their associated consumables, continuous glucose monitoring (CGM) systems, and smart insulin pen technologies. Established in 1949, Medtronic plc maintains its corporate headquarters in Dublin, Ireland.

Galway
95,000 employees
Healthcare / Medical - Devices
Sector
Healthcare
Industry
Medical - Devices
CEO
Geoffrey Straub Martha