Analysis Article • 10h
Have your own idea? Try our Stock Screener
Australian (ASX) Medical Equipment Industry Analysis
UpdatedJun 19, 2026
DataAggregated Company Financials
Companies30
- 7D6.2%
- 3M-18.9%
- 1Y-43.8%
- YTD-43.1%
The Medical Equipment industry is up 6.2% in the last week, with Cochlear up 14%. Meanwhile, Epiminder actually underperformed within the industry, shrinking 9.5% in the last week. However, the industry is down 44% over the past year. Looking forward, earnings are forecast to grow by 14% 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 |
|---|---|---|---|---|---|---|
| Sat, 20 Jun 2026 | AU$15.6b | AU$6.2b | -AU$72,627,515.43 | 21.6x | -214.5x | 2.5x |
| Mon, 18 May 2026 | AU$15.2b | AU$6.2b | -AU$200,047,450.67 | 19x | -76x | 2.5x |
| Wed, 15 Apr 2026 | AU$19.9b | AU$6.2b | -AU$58,791,618.17 | 26.7x | -339.2x | 3.2x |
| Fri, 13 Mar 2026 | AU$20.5b | AU$6.2b | -AU$52,553,938.59 | 24.8x | -390.9x | 3.3x |
| Sun, 08 Feb 2026 | AU$25.8b | AU$6.1b | AU$182.7m | 36.1x | 141.5x | 4.3x |
| Tue, 06 Jan 2026 | AU$27.1b | AU$6.2b | AU$177.6m | 38.7x | 152.5x | 4.4x |
| Thu, 04 Dec 2025 | AU$28.3b | AU$6.3b | AU$132.4m | 34x | 213.9x | 4.5x |
| Sat, 01 Nov 2025 | AU$29.2b | AU$6.3b | AU$161.7m | 34x | 180.8x | 4.7x |
| Mon, 29 Sep 2025 | AU$27.9b | AU$6.3b | AU$166.3m | 35.8x | 167.5x | 4.4x |
| Wed, 27 Aug 2025 | AU$29.7b | AU$6.3b | AU$149.0m | 41.3x | 199.6x | 4.7x |
| Fri, 25 Jul 2025 | AU$29.3b | AU$6.0b | AU$198.5m | 41x | 147.8x | 4.9x |
| Sun, 22 Jun 2025 | AU$27.7b | AU$6.0b | AU$197.7m | 38.7x | 139.9x | 4.6x |
| Tue, 20 May 2025 | AU$26.7b | AU$6.0b | AU$197.5m | 37.2x | 135.4x | 4.4x |
| Thu, 17 Apr 2025 | AU$25.3b | AU$6.1b | AU$208.2m | 34.8x | 121.5x | 4.2x |
| Sat, 15 Mar 2025 | AU$26.5b | AU$6.1b | AU$204.6m | 36.8x | 129.8x | 4.3x |
| Mon, 10 Feb 2025 | AU$30.3b | AU$5.6b | AU$130.7m | 56.8x | 232.1x | 5.4x |
| Wed, 08 Jan 2025 | AU$29.3b | AU$5.6b | AU$130.7m | 55x | 224.3x | 5.2x |
| Fri, 06 Dec 2024 | AU$29.6b | AU$5.6b | AU$156.8m | 55.9x | 188.7x | 5.3x |
| Sun, 03 Nov 2024 | AU$27.6b | AU$5.5b | AU$160.9m | 52.3x | 171.6x | 5x |
| Tue, 01 Oct 2024 | AU$28.1b | AU$5.4b | AU$159.8m | 51.8x | 175.9x | 5.2x |
| Thu, 29 Aug 2024 | AU$28.7b | AU$5.4b | AU$103.6m | 49.2x | 276.6x | 5.3x |
| Sat, 27 Jul 2024 | AU$31.1b | AU$5.3b | AU$169.4m | 44.7x | 183.7x | 5.8x |
| Mon, 24 Jun 2024 | AU$29.8b | AU$5.3b | AU$168.7m | 50.3x | 176.7x | 5.6x |
| Wed, 22 May 2024 | AU$29.0b | AU$5.3b | AU$168.5m | 34.5x | 171.9x | 5.5x |
| Fri, 19 Apr 2024 | AU$28.9b | AU$5.4b | AU$170.2m | 38.1x | 169.9x | 5.4x |
| Sun, 17 Mar 2024 | AU$29.3b | AU$5.3b | AU$169.0m | 41x | 173.2x | 5.5x |
| Tue, 13 Feb 2024 | AU$28.1b | AU$5.1b | AU$279.5m | 25.7x | 100.5x | 5.5x |
| Thu, 11 Jan 2024 | AU$26.8b | AU$5.1b | AU$242.8m | 24.3x | 110.5x | 5.3x |
| Sat, 09 Dec 2023 | AU$25.8b | AU$5.1b | AU$245.0m | 24.8x | 105.3x | 5x |
| Mon, 06 Nov 2023 | AU$22.9b | AU$5.2b | AU$247.2m | 23.8x | 92.6x | 4.4x |
| Wed, 04 Oct 2023 | AU$23.7b | AU$5.2b | AU$248.2m | 24.5x | 95.5x | 4.5x |
| Fri, 01 Sep 2023 | AU$25.3b | AU$5.2b | AU$159.7m | 22.5x | 158.4x | 4.9x |
| Sun, 30 Jul 2023 | AU$23.6b | AU$5.0b | AU$65.2m | 23.2x | 361.9x | 4.7x |
| Tue, 27 Jun 2023 | AU$22.6b | AU$5.0b | AU$65.0m | 23.2x | 348.3x | 4.5x |
Price to Earnings Ratio
348.3x
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 4.7x is higher than the industry's current PS ratio of 2.5x.
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 7.5% 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 | 3.31% | |
| Healthcare | 2.78% | |
| Medical Equipment | 6.25% | |
| Medical Equipment | 9.38% | |
| Medical Supplies | 1.73% | |
Industry PE
- Investors are most optimistic about the Medical Supplies industry even though it's trading below its 3-year average PE ratio of 41.5x.
- Analysts are expecting annual earnings growth of 19.3%, which is lower than the prior year's growth of 22.5% per year.
Forecasted Growth
- Analysts are most optimistic on the Medical Supplies industry, expecting annual earnings growth of 19% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Medical Equipment industry is expected to see its earnings grow by 11% 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 | |
|---|---|---|---|---|---|
| COH Cochlear | AU$118.14 | 13.9% +AU$941.1m | -60.0% | PE22.4x | |
| ANN Ansell | AU$29.99 | 2.5% +AU$100.2m | -0.7% | PE21.6x | |
| IMR Imricor Medical Systems | AU$1.83 | 4.6% +AU$28.3m | 20.8% | PS1551.7x | |
| PNV PolyNovo | AU$1.00 | 3.6% +AU$24.2m | -18.0% | PE69.9x | |
| LDX Lumos Diagnostics Holdings | AU$0.12 | 9.5% +AU$9.2m | 296.6% | PS6.1x |
