Is Medtronic plc (MDT) Undervalued?
Based on the current stock price of $96.52 and a P/E ratio of 26.16,Medtronic plc has a PEG ratio of 8.84.
The Short Answer:
Most analysts consider a PEG ratio below 1.0 to be undervalued. With a ratio of 8.84, MDT appears to be potentially overvalued relative to its growth rate of 2.96%.
Based on a PEG ratio of 4.43 (adjusted for dividends).
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How we analyzed MDT
We calculated the PEG (Price/Earnings-to-Growth) ratio by taking the Price-to-Earnings Ratio of 26.16and dividing it by the annual growth rate of 2.96%.
PEG = 26.16 (P/E) ÷ 2.96 (Growth) = 8.84
Frequently Asked Questions about MDT
What is the current PEG Ratio for Medtronic plc (MDT)?+
The current PEG Ratio for Medtronic plc is 8.84. A PEG ratio below 1.0 generally suggests the stock may be undervalued relative to its growth.
Is MDT stock undervalued right now?+
Based on the PEG ratio of 8.84, Medtronic plc appears to be potentially overvalued. Investors typically look for a PEG ratio below 1.0 to find undervalued growth stocks.
What is the PEGY Ratio for MDT?+
The PEGY ratio for Medtronic plc is 4.43. This metric accounts for dividend yield (2.94%), providing a more complete valuation picture.