Start with its own history
At 20.23×, SNN is 35.3% below its 10-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
NYSE · SNNMedical - DevicesUpdated Nov 2, 2026
Smith & Nephew plc P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
20.23×
35.3% belowthe 10-year annual average
Share price29.97
÷Earnings per share1.4812
Price and EPS in quote currency. Calculation details
Investors are paying 20.23 for every 1 of reported earnings per share.
P/E over time
2016 – 2025
Annual P/ESelected-period average 31.26×
3-year average31.06×3 positive annual observations
5-year average35.20×5 positive annual observations
10-year average31.26×10 positive annual observations
Peer median · TTM23.42×5 peers with positive P/E
Historical P/E ratios
Annual period-end data · 25 observations
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2025 | 22.52× | -14.7% |
| Dec 31, 2024 | 26.39× | -40.4% |
| Dec 31, 2023 | 44.26× | -17.5% |
| Dec 31, 2022 | 53.64× | +83.9% |
| Dec 31, 2021 | 29.17× | -27.8% |
| Dec 31, 2020 | 40.43× | +14.9% |
| Dec 31, 2019 | 35.19× | +43.4% |
| Dec 31, 2018 | 24.54× | +26.6% |
View all 25 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2017 | 19.39× | +13.3% |
| Dec 31, 2016 | 17.11× | -55.8% |
| Dec 31, 2015 | 38.69× | +17.1% |
| Dec 31, 2014 | 33.04× | +43.6% |
| Dec 31, 2013 | 23.01× | +68.7% |
| Dec 31, 2012 | 13.64× | -8.8% |
| Dec 31, 2011 | 14.96× | -2.2% |
| Dec 31, 2010 | 15.29× | -21.6% |
| Dec 31, 2009 | 19.50× | +31.5% |
| Dec 31, 2008 | 14.83× | -56.2% |
| Dec 31, 2007 | 33.88× | +43.1% |
| Dec 31, 2006 | 23.67× | -13.5% |
| Dec 31, 2005 | 27.38× | -23.8% |
| Dec 31, 2004 | 35.91× | +20.1% |
| Dec 31, 2003 | 29.89× | -52.4% |
| Dec 31, 2002 | 62.84× | +4.1% |
| Dec 31, 2001 | 60.37× | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How SNN compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 SNN This stockSmith & Nephew plc | 20.23× |
 SYKStryker Corporation | 32.20× |
 ZBHZimmer Biomet Holdings, Inc. | 23.42× |
 ENOVEnovis Corporation | N/M |
 GMEDGlobus Medical, Inc. | 20.17× |
 OFIXOrthofix Medical Inc. | N/M |
 IARTIntegra LifeSciences Holdings Corporation | 82.81× |
 CNMDCONMED Corporation | 19.48× |
 KIDSOrthoPediatrics Corp. | N/M |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does SNN’s P/E tell you?
Compare like with like
The median of the 5 positive peer ratios above is 23.42×. 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 SNN 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("SNN", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 29.97 ÷ EPS 1.4812 = 20.23×. Data is supplied by Financial Modeling Prep through Wisesheets. Quote feed updated Nov 2, 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.
SNN P/E ratio: common questions
The essentials behind the numbers.
Smith & Nephew plc's current P/E is 20.23× based on the quote data last updated Nov 2, 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.