MDT · Intrinsic value
Is Medtronic plc (MDT) overvalued or undervalued?
Medtronic plc (MDT) trades at the delayed market price of $94.75 a share. That price already implies revenue growth of 10.0% a year for 5 years. TickerWorth's fair value is $77.94 a share (priced within our range of $52.09 – $122.77). We do not call it over- or undervalued from inside our range.
Model by Miraaj Patel · generated from SEC filings and market data · Updated Oct 19, 2026 · How these pages are made
Is MDT fairly valued?
- Fair value
- $77.94
- Market price
- $94.75
- Downside to fair value
- 17.7%
- Verdict
- Priced within our range of $52.09 – $122.77
Reverse DCF: Today's price implies revenue growth of 10.0% a year for 5 years; our model assumes 6.0% a year on average over the same horizon.
What is MDT's TickerWorth Score?
Scores higher than most companies we compare it with
Compared with Healthcare companies in US
Its strongest point: looks cheap on the numbers. Its weakest: trades above our estimate of what it's worth.
- Value · 70 of 100
Cheaper than 70% of Healthcare companies in US
- Price vs worth · 36 of 100
- Quality · 64 of 100
More profitable than 64% of Healthcare companies in US
- Financial health · 46 of 100
Financially stronger than 46% of Healthcare companies in US
- Growth · 64 of 100
Growing faster than 64% of Healthcare companies in US
- Momentum · 64 of 100
Outperformed 64% of Healthcare companies in US over the past year
Confidence: High confidence · Scored
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MDT DCF valuation, input by input
TickerWorth's fair value for Medtronic plc (MDT) is $77.94 a share, against the delayed market price of $94.75 (priced within our range of $52.09 – $122.77). We do not call it over- or undervalued from inside our range. It is a model estimate, and every input behind it is sourced below. This is an educational model, not a price target or a recommendation.
Read the full reasoning
One of the lenses behind that blended figure is a discounted-cash-flow model, which on its own values MDT at about $72.69 per share. The rest of this page walks through that DCF — its assumptions, reverse-DCF and discount-rate sensitivity — because it is the auditable anchor of the blend.
The valuation discounts Medtronic plc's projected free cash flows at a weighted-average cost of capital (WACC) of 7.5%, with a long-run terminal growth rate of 2.5%. About 80% of the enterprise value comes from the terminal value — the portion beyond the explicit forecast window — which is typical for a stable, cash-generative business and a reminder that small changes in the discount rate or terminal growth assumption swing the intrinsic value meaningfully.
Running the DCF in reverse — solving for the growth the current price already assumes — the market is implying roughly 10.0% annual revenue growth for MDT. Our base case instead compounds to about 6.0% a year over the same forecast, so the market is pricing in materially faster growth than our base case. The reverse-DCF is a quick sanity check: it reframes 'is this stock cheap?' as 'do I believe the growth the price requires?' rather than arguing over a single point estimate of fair value.
Sensitivity matters more than any single number. Across a reasonable band of discount-rate assumptions, MDT's modeled DCF value ranges from about $42.86 to $161.75 per share. If that range still sits below today's price, the market is optimistic relative to the model across the whole band; if it brackets the price, the stock is roughly fairly valued on our assumptions. Use the interactive slider to see exactly where your own cost-of-capital view lands.
How to read this page: the DCF fair value is what Medtronic plc would be worth if its cash flows grow as modeled and are discounted at the stated WACC. The assumptions table shows every input and its source; the reverse-DCF shows what the market believes; the sensitivity band shows how fragile the answer is. None of this is investment advice — it is a transparent, auditable framework for forming your own view of MDT's intrinsic value. Figures update as new filings and prices come in.
Every input behind MDT's DCF
| Input | Value |
|---|---|
| Base-year revenueMedtronic plc FY2026 10-K (accession 0001628280-26-044354): us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, FY2026 full year. | $36,364,000,000 |
| Base EBIT marginMedtronic plc FY2026 10-K (accession 0001628280-26-044354): us-gaap:OperatingIncomeLoss 6,467,000,000 / revenue 36,364,000,000 = 17.78%, FY2026. | 17.8% |
| Forecast revenue growthESTIMATEAssumption — TickerWorth's 5-year explicit forecast | 8% → 7% → 6% → 5% → 4% |
| Risk-free rateLive feed — US 10-year Treasury yield (^TNX) | 5.2% |
| BetaLive feed — yfinance, 5-year monthly beta vs the S&P 500 (clamped to 0.4–2.5) | 0.57 |
| Terminal growthESTIMATEAssumption — TickerWorth house default 2.5%, held below WACC | 2.5% |
| Diluted sharesMedtronic plc FY2026 10-K (accession 0001628280-26-044354): WeightedAverageNumberOfDilutedSharesOutstanding = 1,288,100,000 shares, FY2026. | 1,288M |
| Market priceDelayed quote · as of 2026-10-19 13:20 UTC | $94.75 |
Change MDT's assumptions
The discount-rate dial and the editable model
ProChange growth, margin and WACC yourself — Pro (7-day free trial, card required).
What does Medtronic plc do?
What does it do?
Medtronic plc develops, manufactures, and sells device-based medical therapies to healthcare systems, physicians, clinicians, and patients in the United States, Ireland, and internationally. It operates through three segments: The Cardiovascular Portfolio, Neuroscience Portfolio, and Medical Surgical Portfolio. It operates in the Medical Devices industry (Healthcare sector), headquartered in Ireland. The company employs roughly 95,000 people.
How does it make money?
The business turns $37.5B in annual revenue into profit. Out of every $100 of sales, about $19 is left as operating profit (operating margin of 19.3%), after a 65% gross margin on the products/services it sells. After all costs, taxes and interest, 13.9% of revenue becomes bottom-line net profit.
Is it financially healthy?
Financially it looks mixed: carries modest debt (0.6× equity), comfortably covers its short-term bills (2.1× current ratio), and is currently profitable.
Who at MDT filed insider trades?
| Date | Insider | Relationship | What happened | Value | Filing |
|---|---|---|---|---|---|
| Marinaro Michael | EVP, Pres MedSurg and Americas | Open-market sale | $1,000,320.00 | Form 4 for Marinaro Michael (opens sec.gov in a new tab) | |
| Martha Geoffrey | Director, Chairman and CEO | Open-market sale | $4,750,000.00 | Form 4 for Martha Geoffrey (opens sec.gov in a new tab) | |
| Medtronic plc | 10% owner | Other acquisition/disposition | — | Form 4 for Medtronic plc (opens sec.gov in a new tab) | |
| KIIL HARRY SKIP | EVP & President Cardiovascular | Open-market sale | $138,882.95 | Form 4 for KIIL HARRY SKIP (opens sec.gov in a new tab) | |
| Blomquist Denise L. | Chief Accounting Officer | Gift | — | Form 4 for Blomquist Denise L. (opens sec.gov in a new tab) | |
| Marinaro Michael | EVP, Pres MedSurg and Americas | Shares withheld (tax) | $100,053.20 | Form 4 for Marinaro Michael (opens sec.gov in a new tab) |
A disclosure, not a signal to trade. Source: SEC EDGAR (Form 4). Older filings and the 90-day buying-and-selling read are part of Pro. See plans
Common questions
What is MDT's intrinsic value?
TickerWorth's blended fair value for Medtronic plc (MDT) is $77.94 per share, versus a market price of $94.75 (priced within our range of $52.09 – $122.77).
Is MDT overvalued or undervalued?
Priced within our range of $52.09 – $122.77 at $94.75. We don't call MDT overvalued or undervalued from a range. This is an educational estimate, not advice.
What discount rate is used for MDT?
A WACC of 7.5% and a terminal growth rate of 2.5%.
Is Medtronic stock undervalued?
TickerWorth's fair value for Medtronic plc (MDT) is $77.94 against a market price of $94.75. Our read: Priced within our range of $52.09 – $122.77. This is a model estimate, not investment advice.
Medtronic (MDT) DCF valuation and fair value
Our fair value for Medtronic plc (MDT) is $77.94, built on a 7.5% discount rate (WACC) and 2.5% terminal growth. It blends our discounted-cash-flow model with other valuation lenses. Every assumption is listed on this page with its source.
What growth is priced into Medtronic stock?
Today's price implies revenue growth of 10.0% a year for 5 years; our model assumes 6.0% a year on average over the same horizon. This is a reverse DCF: it holds our cash-flow model's other inputs and solves for the revenue growth that makes the model equal today's price of $94.75. A model estimate, not investment advice.
Medtronic (MDT) insider trading
The most recent insider filing (SEC Form 4) for Medtronic plc (MDT): Marinaro Michael, EVP, Pres MedSurg and Americas, open-market sale on 2026-10-15. The latest filings are listed on this page. A disclosure, not a signal to trade.
How does MDT compare with its peers?
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Not investment advice. TickerWorth Score is a model output.
Educational tool. Every output reflects the assumptions shown — not a prediction and not investment advice. TickerWorth is not a licensed investment adviser, and these figures are estimates from public filings and market data that can be wrong.