Question 1

What is Mettler Toledo's P/E ratio?

Accepted Answer

Mettler Toledo (MTD) P/E ratio is 29.8× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for Mettler Toledo?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For Mettler Toledo specifically, the relevant sector benchmark is the current sector median of 24.2×.

Question 5

Is Mettler Toledo's P/E ratio high or low?

Accepted Answer

Mettler Toledo's P/E ratio of 29.8× is below its own 5-year average of 35.0× and above the sector median of 24.2×. That places the current reading at the 19th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Mettler Toledo's historical P/E ratio range?

Accepted Answer

In the available daily series, Mettler Toledo (MTD) P/E ratio has ranged from a low of 8.7× in 2009 to a high of 54.7× in 2021. The 5-year average is 35.0× and the 5-year median is 32.9×.

Question 7

What was Mettler Toledo's P/E ratio in 2025?

Accepted Answer

Mettler Toledo (MTD) P/E ratio at the end of 2025 was 32.7×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

Why does Mettler Toledo's P/E ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$28.4B	$869M	32.7×	+2.9×	Dec 31, 2025
2024	$25.7B	$863M	29.8×	-3.4×	Dec 31, 2024
2023	$26.2B	$789M	33.2×	-3.6×	Dec 31, 2023
2022	$32.1B	$873M	36.8×	-13.8×	Dec 31, 2022
2021	$38.9B	$769M	50.6×	+5.9×	Dec 31, 2021
2020	$26.9B	$603M	44.7×	+10.4×	Dec 31, 2020
2019	$19.2B	$561M	34.3×	+6.7×	Dec 31, 2019
2018	$14.1B	$513M	27.6×	-14.6×	Dec 31, 2018
2017	$15.8B	$376M	42.1×	+13.7×	Dec 31, 2017
2016	$10.9B	$384M	28.5×	+2.6×	Dec 31, 2016
2015	$9.13B	$353M	25.9×	+0.5×	Dec 31, 2015
2014	$8.59B	$338M	25.4×	+1.9×	Dec 31, 2014
2013	$7.18B	$306M	23.5×	+3.2×	Dec 31, 2013
2012	$5.9B	$291M	20.3×	+3.0×	Dec 31, 2012
2011	$4.66B	$269M	17.3×	-3.7×	Dec 31, 2011
2010	$4.88B	$232M	21.0×	+0.5×	Dec 31, 2010
2009	$3.54B	$173M	20.5×	+9.4×	Dec 31, 2009
2008	$2.26B	$203M	11.2×	-11.2×	Dec 31, 2008
2007	$4B	$179M	22.4×	+3.3×	Dec 31, 2007
2006	$3B	$158M	19.1×	-1.8×	Dec 31, 2006
2005	$2.27B	$109M	20.8×	+0.3×	Dec 31, 2005
2004	$2.21B	$108M	20.5×	+0.9×	Dec 31, 2004
2003	$1.88B	$95.8M	19.6×	+5.5×	Dec 31, 2003
2002	$1.42B	$100M	14.2×	—	Dec 31, 2002


Medtronic (MDT)	22.2×
McKesson (MCK)	22.2×
Illumina (ILMN)	21.7×
ResMed (RMD)	21.6×
GE HealthCare (GEHC)	21.6×
Pfizer (PFE)	21.1×
Quest Diagnostics (DGX)	21.1×
Henry Schein (HSIC)	21.0×
AptarGroup (ATR)	20.9×
IQVIA (IQV)	20.7×
Biogen (BIIB)	19.7×
Zoetis (ZTS)	18.9×
Gilead Sciences (GILD)	18.8×
Humana (HUM)	18.5×
Regeneron Pharmaceuticals (REGN)	18.2×
Bristol-Myers Squibb (BMY)	17.0×
Elevance Health (ELV)	17.0×
HCA Healthcare (HCA)	15.8×
AstraZeneca (AZN)	14.7×
DaVita (DVA)	13.3×
Incyte (INCY)	13.1×
Cigna (CI)	11.1×
Novo Nordisk (NVO)	8.6×
Solventum (SOLV)	7.9×
Universal Health Services (UHS)	7.2×

P/E Ratio for Mettler Toledo (MTD) 2002-2026

P/E Ratio daily chart for Mettler Toledo (MTD)

Historical P/E Ratio for Mettler Toledo (MTD) from 2002 to 2025

About P/E Ratio at Mettler Toledo (MTD)

Mettler Toledo P/E Ratio by Year

Mettler Toledo P/E Ratio 2025: 32.7×

Mettler Toledo P/E Ratio 2024: 29.8×

Mettler Toledo P/E Ratio 2023: 33.2×

Mettler Toledo P/E Ratio 2022: 36.8×

Mettler Toledo P/E Ratio 2021: 50.6×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Mettler Toledo (MTD) Key Financials