Start with its own history
At 39.61×, MTD is 8.8% above its 10-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
NYSE · MTDMedical - Diagnostics & ResearchUpdated Nov 4, 2026
Mettler-Toledo International Inc. P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
39.61×
8.8% abovethe 10-year annual average
Share price1,723.24
÷Earnings per share43.51
Price and EPS in quote currency. Calculation details
Investors are paying 39.61 for every 1 of reported earnings per share.
P/E over time
2016 – 2025
Annual P/ESelected-period average 36.40×
3-year average32.25×3 positive annual observations
5-year average37.01×5 positive annual observations
10-year average36.40×10 positive annual observations
Peer median · TTM37.19×7 peers with positive P/E
Historical P/E ratios
Annual period-end data · 25 observations
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2025 | 33.06× | +9.9% |
| Dec 31, 2024 | 30.09× | -10.5% |
| Dec 31, 2023 | 33.60× | -9.8% |
| Dec 31, 2022 | 37.26× | -27.0% |
| Dec 31, 2021 | 51.04× | +13.0% |
| Dec 31, 2020 | 45.15× | +30.0% |
| Dec 31, 2019 | 34.73× | +24.8% |
| Dec 31, 2018 | 27.82× | -34.3% |
View all 25 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2017 | 42.37× | +46.7% |
| Dec 31, 2016 | 28.89× | +8.6% |
| Dec 31, 2015 | 26.60× | +3.0% |
| Dec 31, 2014 | 25.83× | +8.8% |
| Dec 31, 2013 | 23.74× | +15.1% |
| Dec 31, 2012 | 20.63× | +18.0% |
| Dec 31, 2011 | 17.48× | -19.3% |
| Dec 31, 2010 | 21.66× | +5.6% |
| Dec 31, 2009 | 20.51× | +80.1% |
| Dec 31, 2008 | 11.39× | -51.8% |
| Dec 31, 2007 | 23.61× | +17.7% |
| Dec 31, 2006 | 20.06× | -6.2% |
| Dec 31, 2005 | 21.40× | +1.7% |
| Dec 31, 2004 | 21.03× | +7.1% |
| Dec 31, 2003 | 19.63× | +39.0% |
| Dec 31, 2002 | 14.12× | -51.5% |
| Dec 31, 2001 | 29.13× | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How MTD compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 MTD This stockMettler-Toledo International Inc. | 39.61× |
 WATWaters Corporation | 198.98× |
 AAgilent Technologies, Inc. | 34.81× |
 RVTYRevvity, Inc. | 70.54× |
 BRKRBruker Corporation | N/M |
 TMOThermo Fisher Scientific Inc. | 37.19× |
 DHRDanaher Corporation | 38.39× |
 SHMZFShimadzu Corporation | 19.09× |
 IEXIDEX Corporation | 32.37× |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does MTD’s P/E tell you?
Compare like with like
The median of the 7 positive peer ratios above is 37.19×. Check growth, margins, debt, and earnings quality before interpreting the gap. A faster-growing business may justify a higher multiple.
Check what drives earnings
One-off gains can temporarily lower P/E; unusual charges can raise it. Reported earnings and forward estimates answer different questions. Pair this view with return on equity and liquidity for a fuller picture.
Keep your research connected
Take MTD into your spreadsheet
Pull historical P/E into Excel or Google Sheets with Wisesheets. Build your own comparisons alongside the rest of your financial model.
Explore WisesheetsQuarterly P/E · latest quarterLQ selects the latest reported quarter. Requires the Wisesheets add-in. See available data
=WISE("MTD", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 1,723.24 ÷ EPS 43.51 = 39.61×. Data is supplied by Financial Modeling Prep through Wisesheets. Quote feed updated Nov 4, 2026; this is not a real-time trading quote.
History & averages
Annual and quarterly P/E observations are provided separately from the current quote. Averages use the latest 3, 5, or 10 annual observations, excluding missing and nonpositive ratios. Pre-IPO observations are omitted. These are period-end observations, not daily averages.
Data definitions and limitations
The current quote feed does not specify the exact EPS filing-period end or whether EPS is basic or diluted. We do not label it as forward P/E. Peer ratios are explicitly trailing-12-month (TTM) values. Historical observations do not include independently verified price and EPS inputs. Sources may update on different schedules; rounded inputs can produce small calculation differences. Historical comparisons describe past pricing, not an estimate of fair value.
MTD P/E ratio: common questions
The essentials behind the numbers.
Mettler-Toledo International Inc.'s current P/E is 39.61× based on the quote data last updated Nov 4, 2026. It represents the share price divided by reported earnings per share. Prices and earnings may refresh on different schedules.
Annual P/E uses earnings for a completed fiscal year. Trailing-12-month (TTM) P/E uses the latest four quarters, while forward P/E uses forecast earnings. These are not interchangeable. This page labels peer ratios as TTM and shows dated annual or quarterly historical observations; it does not show forward estimates.
N/M means not meaningful: the feed has no positive P/E for that observation. Negative or zero earnings should not be ranked as a low positive valuation multiple. N/M observations are excluded from the averages shown above.
Divide the share price by earnings per share (EPS). For example, a share price of 100 and EPS of 5 gives a P/E of 20×. This page uses the price and EPS supplied together in the quote when both are positive.
Price timestamps, EPS definitions, share classes, adjustments, and fiscal periods can differ. A forward P/E also uses forecast earnings rather than reported earnings. Compare the inputs and as-of dates before comparing two displayed ratios.
Not necessarily. The average describes previous market pricing, not fair value. Changes in earnings quality, growth expectations, debt, accounting, and business risk can justify a different multiple today.