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Feb 06
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Australian (ASX) Medical Equipment Industry Analysis
UpdatedFeb 06, 2026
DataAggregated Company Financials
Companies30
- 7D-2.8%
- 3M-8.0%
- 1Y-15.6%
- YTD-2.9%
Over the last 7 days, the Medical Equipment industry has dropped 2.8%, driven by Cochlear declining 7.0%. Meanwhile, Lumos Diagnostics Holdings actually outperformed within the industry, gaining 9.3% in the last week. The industry has fallen 16% in the last year. As for the next few years, earnings are expected to grow by 16% per annum.
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 |
|---|---|---|---|---|---|---|
| Sat, 07 Feb 2026 | AU$26.7b | AU$6.1b | AU$182.1m | 37.4x | 146.8x | 4.4x |
| Mon, 05 Jan 2026 | AU$27.1b | AU$6.2b | AU$177.7m | 37.4x | 152.5x | 4.4x |
| Wed, 03 Dec 2025 | AU$28.4b | AU$6.3b | AU$131.7m | 36.5x | 215.5x | 4.5x |
| Fri, 31 Oct 2025 | AU$29.1b | AU$6.3b | AU$161.9m | 33.4x | 179.8x | 4.6x |
| Sun, 28 Sep 2025 | AU$27.9b | AU$6.3b | AU$166.3m | 35.8x | 167.5x | 4.4x |
| Tue, 26 Aug 2025 | AU$29.1b | AU$6.1b | AU$209.3m | 39.9x | 139.2x | 4.8x |
| Thu, 24 Jul 2025 | AU$29.0b | AU$6.0b | AU$198.4m | 40.5x | 146.3x | 4.9x |
| Sat, 21 Jun 2025 | AU$27.7b | AU$6.0b | AU$197.7m | 38.7x | 139.9x | 4.6x |
| Mon, 19 May 2025 | AU$26.7b | AU$6.1b | AU$197.2m | 37.1x | 135.3x | 4.4x |
| Wed, 16 Apr 2025 | AU$25.6b | AU$6.1b | AU$208.2m | 35.2x | 122.9x | 4.2x |
| Fri, 14 Mar 2025 | AU$26.4b | AU$6.1b | AU$211.7m | 36.6x | 124.7x | 4.3x |
| Sun, 09 Feb 2025 | AU$30.3b | AU$5.6b | AU$130.7m | 56.8x | 232.1x | 5.4x |
| Tue, 07 Jan 2025 | AU$29.4b | AU$5.6b | AU$130.9m | 55.2x | 224.9x | 5.2x |
| Thu, 05 Dec 2024 | AU$29.3b | AU$5.6b | AU$156.9m | 55.6x | 187x | 5.3x |
| Sat, 02 Nov 2024 | AU$27.6b | AU$5.5b | AU$160.9m | 52.3x | 171.6x | 5x |
| Mon, 30 Sep 2024 | AU$28.0b | AU$5.4b | AU$159.8m | 51.6x | 175.4x | 5.2x |
| Wed, 28 Aug 2024 | AU$28.8b | AU$5.4b | AU$114.4m | 49.2x | 252.2x | 5.3x |
| Fri, 26 Jul 2024 | AU$30.8b | AU$5.3b | AU$169.5m | 44.7x | 181.4x | 5.8x |
| Sun, 23 Jun 2024 | AU$29.8b | AU$5.3b | AU$168.7m | 50.3x | 176.7x | 5.6x |
| Tue, 21 May 2024 | AU$29.0b | AU$5.3b | AU$168.3m | 33.1x | 172.5x | 5.5x |
| Thu, 18 Apr 2024 | AU$28.6b | AU$5.4b | AU$170.3m | 38.1x | 168.1x | 5.3x |
| Sat, 16 Mar 2024 | AU$29.3b | AU$5.3b | AU$169.0m | 41x | 173.3x | 5.5x |
| Mon, 12 Feb 2024 | AU$28.2b | AU$5.1b | AU$279.4m | 26.4x | 101x | 5.5x |
| Wed, 10 Jan 2024 | AU$26.8b | AU$5.1b | AU$243.1m | 24.3x | 110x | 5.3x |
| Fri, 08 Dec 2023 | AU$25.7b | AU$5.1b | AU$245.9m | 24.8x | 104.4x | 5x |
| Sun, 05 Nov 2023 | AU$22.9b | AU$5.2b | AU$247.2m | 23.8x | 92.5x | 4.4x |
| Tue, 03 Oct 2023 | AU$23.7b | AU$5.2b | AU$247.4m | 24.5x | 95.8x | 4.6x |
| Thu, 31 Aug 2023 | AU$25.5b | AU$5.2b | AU$146.1m | 21.9x | 174.8x | 4.9x |
| Sat, 29 Jul 2023 | AU$23.6b | AU$5.0b | AU$65.1m | 23.2x | 362.1x | 4.7x |
| Mon, 26 Jun 2023 | AU$22.7b | AU$5.0b | AU$65.0m | 23.2x | 348.8x | 4.5x |
| Wed, 24 May 2023 | AU$24.1b | AU$5.0b | AU$65.4m | 17.2x | 369.1x | 4.8x |
| Fri, 21 Apr 2023 | AU$24.5b | AU$5.0b | AU$63.9m | 17.2x | 384x | 4.9x |
| Sun, 19 Mar 2023 | AU$23.1b | AU$5.0b | AU$63.6m | 16.5x | 363x | 4.6x |
| Tue, 14 Feb 2023 | AU$22.2b | AU$5.1b | AU$124.2m | 19.5x | 179.1x | 4.4x |
Price to Earnings Ratio
179.1x
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 147x which is lower than its 3-year average PE of 204x.
- The 3-year average PS ratio of 4.9x is higher than the industry's current PS ratio of 4.4x.
Past Earnings Growth
- The earnings for companies in the Medical Equipment industry have grown 14% per year over the last three years.
- Revenues for these companies have grown 6.3% 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 | -1.00% | |
| Healthcare | -1.17% | |
| Medical Equipment | -2.76% | |
| Medical Supplies | -2.06% | |
| Medical Equipment | -2.99% | |
Industry PE
- Investors are most optimistic about the Medical Equipment industry which is trading above its 3-year average PE ratio of 398x.
- Analysts are expecting annual earnings growth of 14.8%, which is higher than its past year's earnings decline of 3.6% per year.
- Investors are most pessimistic about the Medical Supplies industry, which is trading below its 3-year average of 44.1x.
Forecasted Growth
- Analysts are most optimistic on the Medical Supplies industry, expecting annual earnings growth of 21% 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 15% 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 | |
|---|---|---|---|---|---|
| LDX Lumos Diagnostics Holdings | AU$0.23 | 9.3% +AU$16.0m | 683.3% | PS10.5x | |
| NTI Neurotech International | AU$0.015 | 11.5% +AU$1.9m | -67.0% | PS7.7x | |
| AT1 Atomo Diagnostics | AU$0.04 | 5.3% +AU$1.6m | 122.2% | PS8.5x | |
| RNV ReNerve | AU$0.11 | 4.8% +AU$852.7k | -35.3% | PS69x |
