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Medtronic plc (MDT) EV/FCF Ratio: 22.54x

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

Medtronic plc's EV/FCF ratio of 22.54x is 21% below its 5-year average of 28.55x, near the low end of its 5-year range (21.44x–42.56x).

The EV/FCF ratio for Medtronic plc (MDT) is 22.54x as of Wednesday, June 10, 2026. It is below its 12-month average by 17.95% (27.47x).

MDT EV/FCF Ratio Chart

MDT EV/FCF Ratio
22.54x-7.40% 1Y
Zoom

MDT Average EV/FCF Ratio Chart

MDT Current vs Average EV/FCF Ratio Chart

MDT EV/FCF Ratio Metrics

EV/FCF RATIO

22.54x

EV/FCF RATIO AVG TTM

27.47x

EV/FCF RATIO AVG 3Y

27.69x

EV/FCF RATIO AVG 5Y

28.55x

EV/FCF RATIO AVG 10Y

29.65x

EV/FCF RATIO AVG 15Y

25.93x

EV/FCF RATIO AVG 20Y

25.44x

CURRENT VS TTM AVG

-17.95%

CURRENT VS 3Y AVG

-18.59%

CURRENT VS 5Y AVG

-21.05%

CURRENT VS 10Y AVG

-23.97%

CURRENT VS 15Y AVG

-13.06%

CURRENT VS 20Y AVG

-11.39%

MDT Competitors' EV/FCF Ratio

NAMEMARKET CAPEV/FCF RATIOTTM3Y5Y
Medtronic plc (MDT)22.54x27.47x27.69x28.55x
Vertex Pharmaceuticals Incorporated (VRTX)$110.77B29.24x32.27x28.31x25.03x
Bristol-Myers Squibb Company (BMY)$114.14B12.52x10.43x11.38x12.31x
Elevance Health Inc. (ELV)$87.43B17.20x23.51x49.67x36.13x
CVS Health Corporation (CVS)$125.16B26.28x27.81x26.94x21.12x
Cigna Corporation (CI)$78.25B13.32x17.18x14.87x15.23x
Danaher Corporation (DHR)$130.25B27.20x31.97x32.30x30.49x
Regeneron Pharmaceuticals, Inc. (REGN)$62.59B15.69x18.48x23.61x21.61x
Pfizer Inc. (PFE)$146.36B22.12x19.75x27.32x21.37x
Intuitive Surgical, Inc. (ISRG)$146.44B51.80x79.78x160.45x125.16x

Cash Flow Valuation Comparison

EV/FCF

22.5x

P/FCF

19.1x

FCF Yield

5.25%

Formula: EV/FCF = Enterprise Value / Free Cash Flow

EV/FCF vs P/FCF:

  • EV/FCF accounts for debt and cash through enterprise value
  • P/FCF only considers equity value
  • EV/FCF can be compared across companies with different debt levels
  • Both measure how the market values cash generation

Medtronic plc EV/FCF Ratio Formula & Definition

EV/FCF = Enterprise Value / Free Cash Flow (TTM)

Enterprise value to free cash flow compares total company value to the cash the business generates after capital expenditures.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Medtronic plc EV/FCF Ratio FAQ

What is the EV/FCF ratio for Medtronic plc (MDT)?
The EV/FCF ratio for MDT stock is 22.54x.
Is Medtronic plc's EV/FCF ratio high or low?
Medtronic plc's EV/FCF ratio of 22.54x is 21% below its 5-year average of 28.55x, near the low end of its 5-year range (21.44x–42.56x).
What is the TTM average EV/FCF ratio for Medtronic plc (MDT)?
The TTM average EV/FCF ratio for MDT stock is 27.47x.
What is the 3Y average EV/FCF ratio for Medtronic plc (MDT)?
The 3Y average EV/FCF ratio for MDT stock is 27.69x.
What is the 5Y average EV/FCF ratio for Medtronic plc (MDT)?
The 5Y average EV/FCF ratio for MDT stock is 28.55x.
What is the 10Y average EV/FCF ratio for Medtronic plc (MDT)?
The 10Y average EV/FCF ratio for MDT stock is 29.65x.
What is the 15Y average EV/FCF ratio for Medtronic plc (MDT)?
The 15Y average EV/FCF ratio for MDT stock is 25.93x.
What is the 20Y average EV/FCF ratio for Medtronic plc (MDT)?
The 20Y average EV/FCF ratio for MDT stock is 25.44x.

Medtronic plc EV/FCF Ratio History

DATEEV/FCF RATIO
2026-06-0222.54x
2026-06-0122.59x
2026-05-2922.55x
2026-05-2822.97x
2026-05-2723.07x
2026-05-2623.45x
2026-05-2223.69x
2026-05-2123.59x
2026-05-2023.59x
2026-05-1923.69x
2026-05-1823.39x
2026-05-1523.11x
2026-05-1423.30x
2026-05-1323.12x
2026-05-1223.27x
2026-05-1122.73x
2026-05-0823.11x
2026-05-0723.54x
2026-05-0623.45x
2026-05-0523.50x
2026-05-0423.62x
2026-05-0124.03x
2026-04-3024.26x
2026-04-2923.88x
2026-04-2824.48x
2026-04-2724.72x
2026-04-2424.82x
2026-04-2324.93x
2026-04-2224.79x
2026-04-2124.50x
2026-04-2025.22x
2026-04-1725.50x
2026-04-1625.37x
2026-04-1525.72x
2026-04-1425.96x
2026-04-1325.93x
2026-04-1025.74x
2026-04-0925.91x
2026-04-0826.09x
2026-04-0725.55x
2026-04-0625.52x
2026-04-0225.60x
2026-04-0125.47x
2026-03-3125.61x
2026-03-3025.39x
2026-03-2725.73x
2026-03-2625.85x
2026-03-2525.90x
2026-03-2425.59x
2026-03-2325.73x
2026-03-2025.49x
2026-03-1925.66x
2026-03-1825.74x
2026-03-1726.04x
2026-03-1625.99x
2026-03-1325.73x
2026-03-1225.78x
2026-03-1126.16x
2026-03-1026.38x
2026-03-0926.73x
2026-03-0626.62x
2026-03-0527.12x
2026-03-0427.74x
2026-03-0328.00x
2026-03-0228.34x
2026-02-2728.23x
2026-02-2628.08x
2026-02-2527.99x
2026-02-2428.01x
2026-02-2329.73x
2026-02-2029.30x
2026-02-1929.48x
2026-02-1829.70x
2026-02-1729.19x
2026-02-1329.95x
2026-02-1230.29x
2026-02-1130.34x
2026-02-1030.43x
2026-02-0930.48x
2026-02-0630.79x
2026-02-0530.80x
2026-02-0430.53x
2026-02-0330.86x
2026-02-0230.74x
2026-01-3030.81x
2026-01-2930.32x
2026-01-2830.27x
2026-01-2730.25x
2026-01-2630.24x
2026-01-2330.29x
2026-01-2230.41x
2026-01-2130.15x
2026-01-2029.73x
2026-01-1629.27x
2026-01-1529.83x
2026-01-1429.76x
2026-01-1329.19x
2026-01-1229.32x
2026-01-0929.46x
2026-01-0829.75x
2026-01-0730.02x
2026-01-0630.15x
2026-01-0529.42x
2026-01-0229.10x
2025-12-3129.10x
2025-12-3029.25x
2025-12-2929.12x
2025-12-2629.21x
2025-12-2429.40x
2025-12-2329.45x
2025-12-2229.51x
2025-12-1929.74x
2025-12-1829.70x
2025-12-1729.65x
2025-12-1629.51x
2025-12-1529.72x
2025-12-1230.04x
2025-12-1130.01x
2025-12-1030.26x
2025-12-0929.98x
2025-12-0830.39x
2025-12-0530.41x
2025-12-0430.57x
2025-12-0330.56x
2025-12-0230.58x
2025-12-0130.90x
2025-11-2831.39x
2025-11-2631.32x
2025-11-2531.40x
2025-11-2430.20x
2025-11-2129.72x
2025-11-2029.27x
2025-11-1929.51x
2025-11-1829.62x
2025-11-1728.52x
2025-11-1428.42x
2025-11-1328.49x
2025-11-1228.41x
2025-11-1128.31x
2025-11-1027.64x
2025-11-0727.53x
2025-11-0627.01x
2025-11-0527.10x
2025-11-0427.10x
2025-11-0327.05x
2025-10-3127.17x
2025-10-3027.23x
2025-10-2927.42x
2025-10-2827.78x
2025-10-2728.00x
2025-10-2427.89x
2025-10-2328.02x
2025-10-2228.43x
2025-10-2128.41x
2025-10-2028.44x
2025-10-1728.40x
2025-10-1628.22x
2025-10-1528.29x
2025-10-1428.59x
2025-10-1328.35x
2025-10-1028.32x
2025-10-0928.58x
2025-10-0828.91x
2025-10-0729.02x
2025-10-0629.04x
2025-10-0328.87x
2025-10-0228.33x
2025-10-0128.17x
2025-09-3028.27x
2025-09-2927.96x
2025-09-2628.02x
2025-09-2528.04x
2025-09-2428.39x
2025-09-2328.20x
2025-09-2228.12x
2025-09-1928.23x
2025-09-1828.36x
2025-09-1728.11x
2025-09-1628.02x
2025-09-1527.83x
2025-09-1227.98x
2025-09-1128.03x
2025-09-1027.56x
2025-09-0927.99x
2025-09-0827.72x
2025-09-0527.70x
2025-09-0427.69x
2025-09-0327.54x
2025-09-0227.81x
2025-08-2927.68x
2025-08-2827.47x
2025-08-2727.50x
2025-08-2627.53x
2025-08-2527.93x
2025-08-2228.10x
2025-08-2127.70x
2025-08-2028.22x
2025-08-1927.40x
2025-08-1828.12x
2025-08-1528.17x
2025-08-1427.92x
2025-08-1328.15x
2025-08-1227.94x
2025-08-1128.10x
2025-08-0828.14x
2025-08-0727.73x
2025-08-0627.26x
2025-08-0527.34x
2025-08-0427.33x
2025-08-0127.26x
2025-07-3127.48x
2025-07-3027.83x
2025-07-2928.03x
2025-07-2827.91x
2025-07-2528.15x
2025-07-2428.00x
2025-07-2327.92x
2025-07-2227.83x
2025-07-2127.35x
2025-07-1827.33x
2025-07-1727.31x
2025-07-1627.37x
2025-07-1527.23x
2025-07-1427.36x
2025-07-1127.40x
2025-07-1027.27x
2025-07-0927.18x
2025-07-0827.07x
2025-07-0726.84x
2025-07-0327.02x
2025-07-0227.00x
2025-07-0127.11x
2025-06-3026.72x
2025-06-2726.44x
2025-06-2626.47x
2025-06-2526.42x
2025-06-2426.45x
2025-06-2326.42x
2025-06-2026.51x
2025-06-1824.81x
2025-06-1724.91x
2025-06-1625.32x
2025-06-1325.17x
2025-06-1225.46x
2025-06-1125.36x
2025-06-1025.33x
2025-06-0925.21x
2025-06-0625.21x
2025-06-0525.11x
2025-06-0424.78x
2025-06-0324.76x
2025-06-0224.34x
2025-05-3024.16x
2025-05-2924.03x
2025-05-2823.75x
2025-05-2723.74x
2025-05-2323.62x
2025-05-2223.68x
2025-05-2124.50x
2025-05-2024.96x

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