Medtronic PLC (MDT) fair value: what the stock is really worth
We calculate from audited financials what Medtronic PLC is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? Yes
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Medtronic PLC
MDT · USOvervalued / MonitorQuality is not strong enough to offset the price risk.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 17, 2026.
How to read this chart
60‑month range $63.45 – $115.57 · fair‑value band $35.13 – $97.75 · the $92.13 price screens above the $65.57 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 17, 2026.
Company profile
Medtronic plc develops, manufactures, and sells device-based medical therapies to healthcare systems, physicians, clinicians, and patients in the United States, Ireland, and internationally.
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Medtronic plc develops, manufactures, and sells device-based medical therapies to healthcare systems, physicians, clinicians, and patients in the United States, Ireland, and internationally. The Cardiovascular Portfolio segment offers implantable cardiac pacemakers, cardioverter defibrillators, and cardiac resynchronization therapy devices; cardiac ablation products; insertable cardiac monitor systems; TYRX products; and remote monitoring and patient-centered software. It also provides aortic valves, surgical valve replacement and repair products, endovascular stent grafts and accessories, and transcatheter pulmonary valves, and percutaneous coronary intervention products, percutaneous angioplasty balloons, and other products. The Neuroscience Portfolio segment offers medical devices and implants, biologic solutions, spinal cord stimulation and brain modulation systems, implantable drug infusion systems, and interventional products, as well as nerve ablation system under the Accurian name. The segment offers its products for spinal surgeons, neurosurgeons, neurologists, pain management specialists, anesthesiologists, orthopedic surgeons, urologists, urogynecologists, and interventional radiologists, as well as ear, nose, and throat specialists, and energy surgical instruments. The Medical Surgical Portfolio segment offers surgical stapling devices, vessel sealing instruments, wound closure and electrosurgery products, AI-powered surgical video and analytics platform, robotic-assisted surgery products, hernia mechanical devices, mesh implants, gynecology products, gastrointestinal and hepatologic diagnostics and therapies, and therapies to treat diseases and conditions, and patient monitoring and airway management products. The Diabetes Operating Unit segment provides insulin pumps and consumables, continuous glucose monitoring systems and sensors, and InPen, a smart insulin pen. Medtronic plc was founded in 1949 and is headquartered in Galway, Ireland.
Stock analysis
Medtronic PLC (MDT) currently trades at $92.13, while our model-based Fair Value estimate is $65.57, implying the stock looks roughly 40.5% overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $75.19 per share, and 0 of the 26 models we run sit above the $92.13 price.
Bear case: the Asset-Based group reads lowest at $25.89, and 26 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: $35.13 (bear) to $97.75 (bull), the price of $92.13 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 68/100 (solid quality), in the Healthcare sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Medtronic PLC reported revenue of $36.4B in FY2026 versus $31.7B in FY2022, a compound +3.5%/yr. Reported net income was $4.8B in FY2026, compounding −1.2%/yr from FY2022.
Key figures
Market cap $119B · P/E ratio 24.7 · P/S ratio 3.26 · EPS (TTM) $3.73 · Dividend yield 3.1% · Net margin 13.2% · Return on equity 9.9% · Return on assets (EBIT) 6.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (medium confidence).
What moves the price
The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat.
The share trades about 12% below its 52-week high and 26% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Healthcare peers we cover trades at 10% fair-value upside, at −29%, MDT screens richer than that median.
Fair Value models
All 26 models by family
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Set up alert →Quality Score breakdown
Of which business quality 64 · Market factors (momentum, volatility) 61
Revenue & earnings trend
Growth Forecast
MDT screens 41% overvalued. Compare with Abbott Laboratories, →
Recent news
- How Medtronic’s (MDT) AI Maternal Health Push With Sonus Is Reframing Its Investment Story
- Sonus Microsystems and Medtronic Partner to Advance AI-Powered Maternal Health Monitoring
- Medtronic Launches Exchange Offer to Complete Separation of MiniMed Group, Inc.
- MiniMed Files Form S-4 Registration Statement in Connection with Medtronic Exchange Offer Announcement
Compare Medtronic PLC with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Medical Devices · 355 stocks
Valuation Multiplesvs Medical Devices median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
Context: sector, industry, market
- Is the Health Care sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Medical Devices stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Abbott Laboratories, ABT | $102.03 | $74.79 | −27% |
| Stryker Corporation SYK | $281.50 | $309.65 | +10% |
| Boston Scientific Corporation BSX | $43.87 | $48.26 | +10% |
| Edwards Lifesciences Corporation EW | $85.74 | $82.04 | −4% |
| Siemens Healthineers AG SHL | €38.42 | €33.87 | −12% |
| DexCom, Inc DXCM | $86.45 | $95.10 | +10% |
| GE HealthCare Technologies Inc GEHC | $63.49 | $64.13 | +1% |
| Shenzhen Mindray Bio-Medical Electronics Co 300760 | ¥156.80 | ¥172.48 | +10% |
| Koninklijke Philips N.V PHIA | €21.54 | €14.36 | −33% |
| STERIS plc STE | $209.90 | $230.89 | +10% |
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