Some Confidence Is Lacking In Cochlear Limited (ASX:COH) As Shares Slide 26%
Feb 15
Have your own idea? Try our Stock Screener
Australian (ASX) Medical Equipment Industry Analysis
UpdatedFeb 15, 2026
DataAggregated Company Financials
Companies30
- 7D-12.8%
- 3M-20.6%
- 1Y-21.8%
- YTD-18.1%
Over the last 7 days, the Medical Equipment industry has dropped 13%, driven by a pullback from Cochlear of 20%. Meanwhile, Imricor Medical Systems actually outperformed within the industry, gaining 7.0% in the last week. Overall the industry is down 22% in 12 months. Earnings are forecast to grow by 18% 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 |
|---|---|---|---|---|---|---|
| Sun, 15 Feb 2026 | AU$22.5b | AU$6.0b | AU$139.8m | 37.4x | 161.3x | 3.7x |
| Tue, 13 Jan 2026 | AU$27.3b | AU$6.2b | AU$177.9m | 36.1x | 153.4x | 4.4x |
| Thu, 11 Dec 2025 | AU$27.5b | AU$6.2b | AU$133.3m | 36.5x | 206.2x | 4.4x |
| Sat, 08 Nov 2025 | AU$28.7b | AU$6.3b | AU$160.8m | 33.1x | 178.4x | 4.5x |
| Mon, 06 Oct 2025 | AU$28.6b | AU$6.3b | AU$167.2m | 38x | 170.9x | 4.6x |
| Wed, 03 Sep 2025 | AU$29.4b | AU$6.3b | AU$162.8m | 33.4x | 180.8x | 4.7x |
| Fri, 01 Aug 2025 | AU$29.6b | AU$6.0b | AU$197.4m | 40.6x | 149.7x | 4.9x |
| Sun, 29 Jun 2025 | AU$27.8b | AU$6.0b | AU$198.0m | 38.9x | 140.2x | 4.6x |
| Tue, 27 May 2025 | AU$26.4b | AU$6.0b | AU$197.9m | 37.1x | 133.2x | 4.4x |
| Thu, 24 Apr 2025 | AU$25.7b | AU$6.1b | AU$208.4m | 35.7x | 123.2x | 4.2x |
| Sat, 22 Mar 2025 | AU$27.6b | AU$6.1b | AU$204.5m | 37.8x | 134.9x | 4.5x |
| Mon, 17 Feb 2025 | AU$27.5b | AU$6.0b | AU$201.7m | 46.4x | 136.4x | 4.6x |
| Wed, 15 Jan 2025 | AU$29.5b | AU$3.1b | AU$5.5m | 65.5x | 5395.2x | 9.7x |
| Fri, 13 Dec 2024 | AU$28.3b | AU$5.6b | AU$156.9m | 53.3x | 180.5x | 5.1x |
| Sun, 10 Nov 2024 | AU$28.4b | AU$5.5b | AU$160.8m | 53.7x | 176.7x | 5.2x |
| Tue, 08 Oct 2024 | AU$28.8b | AU$5.4b | AU$161.2m | 53.5x | 178.5x | 5.3x |
| Thu, 05 Sep 2024 | AU$28.4b | AU$5.5b | AU$158.3m | 54.1x | 179.5x | 5.2x |
| Sat, 03 Aug 2024 | AU$31.0b | AU$5.4b | AU$169.8m | 44.7x | 182.6x | 5.8x |
| Mon, 01 Jul 2024 | AU$30.4b | AU$5.3b | AU$168.5m | 48.2x | 180.4x | 5.7x |
| Wed, 29 May 2024 | AU$29.3b | AU$5.3b | AU$168.5m | 33.8x | 174.2x | 5.5x |
| Fri, 26 Apr 2024 | AU$29.0b | AU$5.4b | AU$169.5m | 37.4x | 171.2x | 5.4x |
| Sun, 24 Mar 2024 | AU$29.1b | AU$5.4b | AU$169.4m | 40.3x | 172x | 5.4x |
| Tue, 20 Feb 2024 | AU$28.5b | AU$5.1b | AU$280.1m | 25.7x | 101.9x | 5.6x |
| Thu, 18 Jan 2024 | AU$26.1b | AU$5.1b | AU$246.1m | 24.6x | 106x | 5.1x |
| Sat, 16 Dec 2023 | AU$26.9b | AU$5.1b | AU$242.5m | 24.8x | 111.1x | 5.3x |
| Mon, 13 Nov 2023 | AU$23.5b | AU$5.2b | AU$250.7m | 24.5x | 93.8x | 4.5x |
| Wed, 11 Oct 2023 | AU$23.7b | AU$5.2b | AU$247.2m | 23.2x | 96x | 4.6x |
| Fri, 08 Sep 2023 | AU$24.6b | AU$5.2b | AU$247.8m | 21.9x | 99.3x | 4.7x |
| Sun, 06 Aug 2023 | AU$23.3b | AU$5.1b | AU$71.8m | 22.5x | 324.7x | 4.6x |
| Tue, 04 Jul 2023 | AU$23.1b | AU$5.0b | AU$65.2m | 23.2x | 355x | 4.6x |
| Thu, 01 Jun 2023 | AU$24.1b | AU$5.1b | AU$66.4m | 18.5x | 362.3x | 4.7x |
| Sat, 29 Apr 2023 | AU$24.6b | AU$5.1b | AU$64.9m | 17.9x | 379.6x | 4.9x |
| Mon, 27 Mar 2023 | AU$22.6b | AU$5.0b | AU$64.0m | 16.2x | 354x | 4.5x |
| Wed, 22 Feb 2023 | AU$23.2b | AU$4.8b | AU$102.8m | 20.1x | 225.1x | 4.8x |
Price to Earnings Ratio
225.1x
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 industry is trading at a PE ratio of 161x which is lower than its 3-year average PE of 203x.
- The 3-year average PS ratio of 4.9x is higher than the industry's current PS ratio of 3.7x.
Past Earnings Growth
- The earnings for companies in the Medical Equipment industry have grown 11% per year over the last three years.
- Revenues for these companies have grown 7.8% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Australian Healthcare industry?
| AU Market | 2.05% | |
| Healthcare | -11.27% | |
| Medical Equipment | -12.81% | |
| Medical Supplies | -1.49% | |
| Medical Equipment | -16.69% | |
Industry PE
- Investors are most optimistic about the Medical Supplies industry even though it's trading below its 3-year average PE ratio of 44.0x.
- Analysts are expecting annual earnings growth of 21.6%, which is lower than the prior year's growth of 46.1% per year.
Forecasted Growth
- Analysts are most optimistic on the Medical Supplies industry, expecting annual earnings growth of 22% over the next 5 years.
- However this is lower than its past earnings growth rate of 46% per year.
- In contrast, the Medical Equipment industry is expected to see its earnings grow by 17% 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 | |
|---|---|---|---|---|---|
| IMR Imricor Medical Systems | AU$2.00 | 7.0% +AU$41.7m | 37.9% | PS606.5x | |
| AVR Anteris Technologies Global | AU$7.77 | 5.0% +AU$36.0m | -39.0% | PS249.8x | |
| EBR EBR Systems | AU$0.81 | 10.1% +AU$33.8m | -50.5% | PS380.7x | |
| SOM SomnoMed | AU$0.70 | 16.5% +AU$21.8m | 14.6% | PS1.4x | |
| LDX Lumos Diagnostics Holdings | AU$0.26 | 10.6% +AU$19.8m | 781.4% | PS11.8x |
