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Medtronic (MDT, Health Care Equipment) Stock Valuation & Fair Value Favorable on our tests

Medtronic (MDT, Health Care Equipment) trades at a blended P/E of 15.1, about 10% below its historical normal valuation, with a forward growth estimate of 7.8% and a PEG of 1.95. Analysts' one-year estimates have been hit 82% of the time. Priced at its historical normal P/E of 16.8 on the same blended earnings, the 2026-10-02 close of $86.38 corresponds to about $95.80 a share. This is a valuation reference, not a price target.

Blended P/E
15.1
Normal P/E
16.8
PEG
1.95
Fwd growth
7.8%
Div yield
3.3%
RSI (14)
46.9
Neutral
Technical context
  • Price $87.75 at the 2026-10-08 close, 1.5% below the 20-day average ($89.08) and 1.9% below the 50-day ($89.46).
  • RSI (14) at 46.9.
  • 52-week range $72.50 to $101.97: the price is 13.9% below the high and 21.0% above the low.

The Street vs SeerForecast

Wall Street's mean price target for MDT is $104.83 across 24 analysts, 19.5% above the current price. The average analyst rating is Buy. Our SeerForecast read of the same stock, formed without analyst targets: favorable on our tests. When the two disagree, start your digging there.

Valuation flags

Verdict history

tickerseer's rating has been favorable on our tests since 2026-06-03.

Blended P/E and rating by weekBlended P/E moved from 13.6 to 15.1 between 2026-06-03 and 2026-10-02, against a normal P/E of 16.8, with 2 rating changes over 37 recorded weeks.2026-06-03: P/E 13.6, Favorable on our tests, recalculated for the week of 2026-06-032026-06-10: P/E 14.7, Favorable on our tests, recalculated for the week of 2026-06-102026-06-12: P/E 14.7, Favorable on our tests, recalculated for the week of 2026-06-142026-06-16: P/E 14.7, Favorable on our tests, recalculated for the week of 2026-06-162026-06-18: P/E 14.7, Favorable on our tests, recalculated for the week of 2026-06-212026-07-02: P/E 14.1, Favorable on our tests, recalculated for the week of 2026-07-022026-07-06: P/E 14.8, Favorable on our tests, recalculated for the week of 2026-07-062026-07-09: P/E 14.8, Favorable on our tests, recalculated for the week of 2026-07-092026-07-10: P/E 14.9, Favorable on our tests, recalculated for the week of 2026-07-122026-07-13: P/E 14.9, Favorable on our tests, recalculated for the week of 2026-07-132026-07-14: P/E 14.9, Favorable on our tests, recalculated for the week of 2026-07-142026-07-20: P/E 14.8, Favorable on our tests, recalculated for the week of 2026-07-202026-07-22: P/E 14.8, Favorable on our tests, recalculated for the week of 2026-07-222026-07-24: P/E 14.8, Favorable on our tests, recalculated for the week of 2026-07-252026-07-27: P/E 14.8, Favorable on our tests, recalculated for the week of 2026-07-272026-07-31: P/E 15.2, Favorable on our tests, recalculated for the week of 2026-07-312026-07-31: P/E 15.2, Favorable on our tests, recorded live 2026-08-032026-08-07: P/E 15.2, Favorable on our tests, recalculated for the week of 2026-08-072026-08-07: P/E 15.4, Mixed on our tests, recorded live 2026-08-102026-08-14: P/E 16.0, Mixed on our tests, recalculated for the week of 2026-08-142026-08-14: P/E 16.1, Mixed on our tests, recorded live 2026-08-172026-08-21: P/E 16.3, Mixed on our tests, recalculated for the week of 2026-08-212026-08-21: P/E 16.5, Mixed on our tests, recorded live 2026-08-242026-08-27: P/E 16.5, Mixed on our tests, recalculated for the week of 2026-08-272026-08-28: P/E 15.9, Mixed on our tests, recalculated for the week of 2026-08-282026-08-28: P/E 16.1, Mixed on our tests, recalculated for the week of 2026-08-302026-08-28: P/E 16.1, Mixed on our tests, recorded live 2026-08-312026-09-04: P/E 16.6, Mixed on our tests, recalculated for the week of 2026-09-052026-09-04: P/E 16.6, Mixed on our tests, recorded live 2026-09-072026-09-11: P/E 16.0, Mixed on our tests, recalculated for the week of 2026-09-122026-09-11: P/E 16.0, Mixed on our tests, recorded live 2026-09-142026-09-18: P/E 16.2, Mixed on our tests, recalculated for the week of 2026-09-192026-09-18: P/E 16.2, Mixed on our tests, recorded live 2026-09-212026-09-25: P/E 15.5, Mixed on our tests, recalculated for the week of 2026-09-262026-09-25: P/E 15.5, Mixed on our tests, recorded live 2026-09-282026-10-02: P/E 15.1, Favorable on our tests, recalculated for the week of 2026-10-032026-10-02: P/E 15.1, Favorable on our tests, recorded live 2026-10-0514.015.016.0Jun 3Jul 3Aug 2Sep 2Oct 2Normal P/E 16.8
Favorable on our testsMixed on our tests

Not every point was recorded live. Points marked recalculated apply today's valuation rules to the metrics tickerseer archived that week.

Selected weeks: the first, the latest, every week the rating moved, and the cheapest and dearest.

WeekBlended P/EPremium to normal P/ERating
2026-06-03P/E 13.6-22%Favorable on our tests (recalculated)
2026-08-10P/E 15.4-8%Mixed on our tests
2026-09-05P/E 16.6-1%Mixed on our tests (recalculated)
2026-10-03P/E 15.1-10%Favorable on our tests (recalculated)
2026-10-05P/E 15.1-10%Favorable on our tests ← now
Show all 37 weeks
WeekBlended P/EPremium to normal P/ERating
2026-06-03P/E 13.6-22%Favorable on our tests (recalculated)
2026-06-10P/E 14.7-13%Favorable on our tests (recalculated)
2026-06-14P/E 14.7-13%Favorable on our tests (recalculated)
2026-06-16P/E 14.7-13%Favorable on our tests (recalculated)
2026-06-21P/E 14.7-13%Favorable on our tests (recalculated)
2026-07-02P/E 14.1-16%Favorable on our tests (recalculated)
2026-07-06P/E 14.8-11%Favorable on our tests (recalculated)
2026-07-09P/E 14.8-11%Favorable on our tests (recalculated)
2026-07-12P/E 14.9-11%Favorable on our tests (recalculated)
2026-07-13P/E 14.9-11%Favorable on our tests (recalculated)
2026-07-14P/E 14.9-11%Favorable on our tests (recalculated)
2026-07-20P/E 14.8-12%Favorable on our tests (recalculated)
2026-07-22P/E 14.8-12%Favorable on our tests (recalculated)
2026-07-25P/E 14.8-12%Favorable on our tests (recalculated)
2026-07-27P/E 14.8-12%Favorable on our tests (recalculated)
2026-07-31P/E 15.2-9%Favorable on our tests (recalculated)
2026-08-03P/E 15.2-10%Favorable on our tests
2026-08-07P/E 15.2-9%Favorable on our tests (recalculated)
2026-08-10P/E 15.4-8%Mixed on our tests
2026-08-14P/E 16.0-4%Mixed on our tests (recalculated)
2026-08-17P/E 16.1-4%Mixed on our tests
2026-08-21P/E 16.3-3%Mixed on our tests (recalculated)
2026-08-24P/E 16.5-2%Mixed on our tests
2026-08-27P/E 16.5-2%Mixed on our tests (recalculated)
2026-08-28P/E 15.9-5%Mixed on our tests (recalculated)
2026-08-30P/E 16.1-4%Mixed on our tests (recalculated)
2026-08-31P/E 16.1-4%Mixed on our tests
2026-09-05P/E 16.6-1%Mixed on our tests (recalculated)
2026-09-07P/E 16.6-1%Mixed on our tests
2026-09-12P/E 16.0-5%Mixed on our tests (recalculated)
2026-09-14P/E 16.0-5%Mixed on our tests
2026-09-19P/E 16.2-4%Mixed on our tests (recalculated)
2026-09-21P/E 16.2-4%Mixed on our tests
2026-09-26P/E 15.5-7%Mixed on our tests (recalculated)
2026-09-28P/E 15.5-7%Mixed on our tests
2026-10-03P/E 15.1-10%Favorable on our tests (recalculated)
2026-10-05P/E 15.1-10%Favorable on our tests ← now

Frequently asked questions

Is Medtronic stock overvalued?

At a blended P/E of 15.1 versus its historical normal P/E of 16.8, Medtronic trades about 10% below its typical valuation, with a PEG of 1.95 on 7.8% forward growth. tickerseer currently rates it favorable on our tests.

What is Medtronic's fair value and PEG?

Medtronic trades at a blended P/E of 15.1 against a historical normal P/E of 16.8, a PEG of 1.95, and a forward growth estimate of 7.8%. Priced at its historical normal P/E of 16.8 on the same blended earnings, the 2026-10-02 close of $86.38 corresponds to about $95.80 a share. This is a valuation reference, not a price target.

Has tickerseer's rating of Medtronic changed?

tickerseer's rating has been favorable on our tests since 2026-06-03.

What is the analyst price target for Medtronic?

The mean Wall Street price target for Medtronic is $104.83 across 24 analysts, 19.5% above the current price. tickerseer's SeerForecast verdict is formed independently of analyst targets.

Industry: Health Care Equipment. Create a free account to see the full analysis: the SeerAI score, its five quality sub-scores, valuation history, and the AI research note. Options setups and metric history are part of the paid plans.

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