MDT

NYSE

Medtronic plc

Health Care, Health Care Equipment

$87.16

close 7 Aug 2026

-6.02%

52-week change

$111.58B

market cap

$73.31

$106.33

52-week range

Expected price

$90.08 – $110.10

Current price

$87.16

Signal

Could be undervalued

A historical-multiple reference, never a fair-value claim. The band uses only data public at each date and ends at the latest month — no forward estimates.

Current multiples

P/E (TTM)23.37x

P/S (TTM)3.07x

P/B2.26x

EV/EBITDA (TTM)14.60x

FCF yield (TTM)4.86%

PEG (TTM, GAAP)2.39

Context

P/E, own 5-year average27.25x

P/E, sector median29.65x*

Price at 5-year median P/E$99.91*

Indicated dividend yield3.30%

Forward — analyst consensus

Forward P/E (FY2027)14.65x*

Forward P/E (FY2028)13.59x

Forward PEG1.88*

Consensus EPS FY2027 (28 analysts)$5.95

EPS growth (FY2027→FY2028)7.79%

Revenue growth (FY2027)6.90%

Street view

Price target (mean)$98.44*

Target upside12.94%

Ratings (buy / hold / sell)19 / 10 / 0

FY2027 EPS revisions, 30d (up / down)0 / 26

5-year history

Dashed line: average of month-end values

P/E (TTM)

P/S (TTM)

P/B

FCF yield (TTM)

Dividend yield

period to 24 Apr 2026, filed 18 Jun 2026, close 7 Aug 2026

Discounted cash flow

Ten projected years plus a perpetuity, prefilled from filings — a model to argue with, never a fair-value claim.

Free cash flow, last ten years and TTM

5Y CAGR +2.12%10Y CAGR +2.66%

Assumptions

Growth rate, years 1–10%

Perpetual growth%Discount rate%

Base FCF$M

As filed — not assumptions

Current price$87.16

Cash & equivalents$1.95B

Total debt$27.96B

Shares outstanding1.28B

Result

DCF price per share$56.36

Current price$87.16

Margin of safety-35.33%

PV of years 1–10$40.40B

PV of terminal value$57.77B

Equity value$72.16B

Market-implied growth+6.44%

Projected FCF, years 1–10

Hover for PV and growth

Projection detail

Override growth for any year; blank years use the uniform rate

Year	2027	2028	2029	2030	2031	2032	2033	2034	2035	2036	Terminal
Growth, %											2.5
FCF	$5.54B	$5.66B	$5.78B	$5.90B	$6.03B	$6.15B	$6.28B	$6.42B	$6.55B	$6.69B	$124.72B
PV	$5.13B	$4.85B	$4.59B	$4.34B	$4.10B	$3.88B	$3.67B	$3.47B	$3.28B	$3.10B	$57.77B

period to 24 Apr 2026, filed 18 Jun 2026, close 7 Aug 2026