Narrative Update • Jul 30
Have your own idea? Try our Stock Screener
Australian (ASX) Medical Equipment Industry Analysis
UpdatedAug 05, 2026
DataAggregated Company Financials
Companies30
- 7D3.1%
- 3M15.7%
- 1Y-45.3%
- YTD-40.1%
The Medical Equipment industry is up 3.1% in the last week, with Ansell up 3.1%. In contrast, the industry has lost 45% in the last 12 months. Earnings are forecast to grow by 13% annually.
Industry Valuation and Performance
Has the Australian Medical Equipment Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 05 Aug 2026 | AU$16.5b | AU$6.1b | -AU$83,465,773.08 | 30.8x | -198x | 2.7x |
| Fri, 03 Jul 2026 | AU$16.4b | AU$6.3b | -AU$77,328,788.99 | 22.8x | -212.5x | 2.6x |
| Sun, 31 May 2026 | AU$15.8b | AU$6.2b | -AU$197,749,145.60 | 20.6x | -79.7x | 2.6x |
| Tue, 28 Apr 2026 | AU$14.4b | AU$6.2b | -AU$56,141,896.11 | 19.7x | -256.6x | 2.3x |
| Thu, 26 Mar 2026 | AU$19.3b | AU$6.3b | -AU$65,067,201.16 | 25.4x | -296.9x | 3.1x |
| Sat, 21 Feb 2026 | AU$22.9b | AU$6.1b | AU$186.8m | 31.2x | 122.7x | 3.8x |
| Mon, 19 Jan 2026 | AU$27.5b | AU$6.2b | AU$177.6m | 38.7x | 154.9x | 4.4x |
| Wed, 17 Dec 2025 | AU$27.0b | AU$6.2b | AU$176.8m | 33.5x | 152.6x | 4.3x |
| Fri, 14 Nov 2025 | AU$28.3b | AU$6.3b | AU$161.4m | 35.1x | 175.5x | 4.5x |
| Sun, 12 Oct 2025 | AU$28.7b | AU$6.3b | AU$160.8m | 38x | 178.8x | 4.6x |
| Tue, 09 Sep 2025 | AU$29.5b | AU$6.3b | AU$167.4m | 34.5x | 176x | 4.7x |
| Thu, 07 Aug 2025 | AU$29.3b | AU$6.0b | AU$195.0m | 40.6x | 150.3x | 4.9x |
| Sat, 05 Jul 2025 | AU$28.2b | AU$6.0b | AU$198.2m | 39.8x | 142.5x | 4.7x |
| Mon, 02 Jun 2025 | AU$26.6b | AU$6.0b | AU$197.5m | 37.1x | 134.5x | 4.4x |
| Wed, 30 Apr 2025 | AU$26.3b | AU$6.1b | AU$208.4m | 36.3x | 126.5x | 4.3x |
| Fri, 28 Mar 2025 | AU$27.2b | AU$6.1b | AU$207.9m | 37.6x | 130.7x | 4.4x |
| Sun, 23 Feb 2025 | AU$28.2b | AU$6.0b | AU$213.7m | 47.5x | 131.8x | 4.7x |
| Tue, 21 Jan 2025 | AU$30.4b | AU$5.7b | AU$129.6m | 56.7x | 234.6x | 5.4x |
| Thu, 19 Dec 2024 | AU$28.7b | AU$5.6b | AU$157.1m | 54x | 182.8x | 5.1x |
| Sat, 16 Nov 2024 | AU$28.5b | AU$5.6b | AU$159.7m | 54.1x | 178.4x | 5.1x |
| Mon, 14 Oct 2024 | AU$28.7b | AU$5.4b | AU$161.2m | 53.6x | 178x | 5.3x |
| Wed, 11 Sep 2024 | AU$27.9b | AU$5.5b | AU$160.1m | 52.6x | 174.4x | 5.1x |
| Fri, 09 Aug 2024 | AU$30.0b | AU$5.3b | AU$164.2m | 44.7x | 182.9x | 5.6x |
| Sun, 07 Jul 2024 | AU$29.6b | AU$5.3b | AU$167.8m | 51x | 176.4x | 5.6x |
| Tue, 04 Jun 2024 | AU$29.3b | AU$5.3b | AU$168.7m | 35.2x | 173.4x | 5.5x |
| Thu, 02 May 2024 | AU$28.7b | AU$5.4b | AU$169.5m | 36x | 169.3x | 5.4x |
| Sat, 30 Mar 2024 | AU$29.7b | AU$5.4b | AU$169.4m | 38.8x | 175.5x | 5.5x |
| Mon, 26 Feb 2024 | AU$29.7b | AU$5.3b | AU$240.1m | 29x | 123.9x | 5.7x |
| Wed, 24 Jan 2024 | AU$27.3b | AU$5.1b | AU$245.6m | 25x | 111x | 5.3x |
| Fri, 22 Dec 2023 | AU$26.7b | AU$5.1b | AU$241.7m | 25.4x | 110.4x | 5.3x |
| Sun, 19 Nov 2023 | AU$24.0b | AU$5.2b | AU$247.1m | 24.1x | 97x | 4.7x |
| Tue, 17 Oct 2023 | AU$23.6b | AU$5.2b | AU$249.8m | 24.5x | 94.4x | 4.5x |
| Thu, 14 Sep 2023 | AU$24.4b | AU$5.2b | AU$246.8m | 22.5x | 98.8x | 4.7x |
| Sat, 12 Aug 2023 | AU$23.4b | AU$5.1b | AU$72.1m | 23.2x | 324.2x | 4.6x |
Price to Earnings Ratio
324.2x
Current Industry PE
- Investors are pessimistic on the Australian Medical Equipment industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 4.6x is higher than the industry's current PS ratio of 2.7x.
Past Earnings Growth
- Total earnings for the Medical Equipment industry have declined over the last three years, with the industry now making a loss overall.
- Meanwhile revenues have grown 6.4% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Australian Healthcare industry?
| AU Market | 2.02% | |
| Healthcare | 4.63% | |
| Medical Equipment | 3.11% | |
| Medical Supplies | 4.92% | |
| Medical Equipment | 1.99% | |
Industry PE
- Investors are most optimistic about the Medical Supplies industry even though it's trading below its 3-year average PE ratio of 40.8x.
- Analysts are expecting annual earnings growth of 16.1%, which is lower than the prior year's growth of 24.1% per year.
Forecasted Growth
- Analysts are most optimistic on the Medical Supplies industry, expecting annual earnings growth of 16% over the next 5 years.
- However this is lower than its past earnings growth rate of 24% per year.
- In contrast, the Medical Equipment industry is expected to see its earnings grow by 10% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| ANN Ansell | AU$34.67 | 3.1% +AU$143.0m | 12.2% | PE25x | |
| NAN Nanosonics | AU$3.47 | 10.5% +AU$97.2m | -14.7% | PE49.7x | |
| SLD Saluda Medical | AU$0.60 | 39.5% +AU$42.8m | n/a | PS1.4x | |
| LDX Lumos Diagnostics Holdings | AU$0.13 | 30.0% +AU$28.3m | 42.9% | PS7.1x | |
| EBR EBR Systems | AU$0.29 | 5.5% +AU$11.3m | -79.3% | PS38.7x |
