Medtronic PLC P/B Ratio
Data as of August 04, 2026
P/B Ratio
2.24
Stock Price
$86.68
Book Value/Share
$38.64
Sector
Health Care
How It's Calculated
2.24 = $86.68 ÷ $38.64
What This Means
Medtronic PLC's P/B ratio of 2.24 is between 1 and 3. This descriptive range does not establish fair value because economically comparable P/B levels vary by sector, profitability, leverage, accounting policy, and asset composition.
About Medtronic PLC
Medtronic PLC (MDT) operates in the Health Care sector, specifically in Health Care. With a market capitalization of about $109.30B, it ranks as a large-cap stock — a major established company.
Shares recently traded near $86.68, within a 52-week range of $73.31 to $106.33 (-18.5% from the high, +18.2% from the low). Beta of 0.57 indicates relatively lower volatility versus the market.
Trailing profit margin is about 13.2%, signaling a solid profit margin for its industry.
Understanding This Metric
The price-to-book ratio compares market price to net asset value per share. For Medtronic PLC, P/B is especially useful when earnings are volatile or temporarily depressed. In Health Care, asset-heavy business models often anchor closer to book value, while asset-light models may trade far above book.
Sector Comparison
Among Health Care names on our S&P 100 coverage, Medtronic PLC's P/B ratio of 2.24 can be compared with peers such as UNH (4.00), ABT (3.57), CVS (1.78). Sector context helps interpretation, but each company's growth profile and balance sheet differ — use multiple metrics before drawing conclusions. View all Health Care stocks.
Key Takeaways
- MDT is grouped in the Health Care sector for peer comparisons.
- Recent beta of 0.57 suggests lower-than-market price sensitivity.
- Trailing profit margin of 13.2% provides context for how much earnings support the headline multiple.
Related Tools & Guides
Explore calculators and guides connected to this metric, or view all metrics for MDT.
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Frequently Asked Questions
What does MDT's price-to-book ratio indicate?
P/B compares share price to book value per share. Medtronic PLC's P/B of 2.24 reflects how the market prices net assets — especially relevant for asset-heavy Health Care business models.
Is 2.24 above or below book value?
A P/B above 1.0 (2.24) means the market values MDT above accounting book value — often due to brands, growth, or intangible assets.
How does P/B compare within Health Care?
Peer P/B levels in Health Care (e.g. UNH (4.00), ABT (3.57), CVS (1.78)) provide context; asset-light vs asset-heavy models differ materially.
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