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Canadian (TSX) Medical Equipment Industry Analysis

UpdatedNov 09, 2025
DataAggregated Company Financials
Companies12
  • 7D-1.1%
  • 3M-2.0%
  • 1Y-28.2%
  • YTD-26.6%

Over the last 7 days, the Medical Equipment industry has dropped 1.1%, driven by Ocumetics Technology declining 12%. In contrast, Frequency Exchange has gained 27%. Overall the industry is down 28% in 12 months. Looking forward, earnings are forecast to grow by 46% annually.

Industry Valuation and Performance

Has the Canadian Medical Equipment Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 09 Nov 2025CA$575.4mCA$91.4m-CA$112,965,782.78n/a-5.1x6.3x
Tue, 07 Oct 2025CA$552.4mCA$91.1m-CA$112,496,417.83n/a-4.9x6.1x
Thu, 04 Sep 2025CA$519.3mCA$89.1m-CA$108,898,731.97n/a-4.8x5.8x
Sat, 02 Aug 2025CA$550.3mCA$90.1m-CA$101,613,748.38n/a-5.4x6.1x
Mon, 30 Jun 2025CA$569.3mCA$89.9m-CA$101,148,848.30n/a-5.6x6.3x
Wed, 28 May 2025CA$625.7mCA$90.1m-CA$103,496,720.83n/a-6x6.9x
Fri, 25 Apr 2025CA$614.4mCA$84.0m-CA$102,033,150.99n/a-6x7.3x
Sun, 23 Mar 2025CA$695.2mCA$86.5m-CA$102,369,620.74n/a-6.8x8x
Tue, 18 Feb 2025CA$708.6mCA$82.0m-CA$97,991,152.68n/a-7.2x8.6x
Thu, 16 Jan 2025CA$731.5mCA$83.9m-CA$117,488,748.48n/a-6.2x8.7x
Sat, 14 Dec 2024CA$694.9mCA$83.7m-CA$116,773,583.45n/a-6x8.3x
Mon, 11 Nov 2024CA$969.8mCA$180.1m-CA$117,891,763.54n/a-8.2x5.4x
Wed, 09 Oct 2024CA$875.1mCA$175.5m-CA$119,602,539.76n/a-7.3x5x
Fri, 06 Sep 2024CA$927.3mCA$173.9m-CA$109,723,441.55n/a-8.5x5.3x
Sun, 04 Aug 2024CA$976.9mCA$192.5m-CA$107,336,350.410.5x-9.1x5.1x
Tue, 02 Jul 2024CA$833.1mCA$191.2m-CA$106,918,502.570.5x-7.8x4.4x
Thu, 30 May 2024CA$836.9mCA$243.0m-CA$104,230,173.970.5x-8x3.4x
Sat, 27 Apr 2024CA$853.6mCA$239.1m-CA$111,100,424.890.7x-7.7x3.6x
Mon, 25 Mar 2024CA$882.4mCA$231.1m-CA$111,892,577.08n/a-7.9x3.8x
Wed, 21 Feb 2024CA$903.3mCA$228.8m-CA$118,164,860.10n/a-7.6x3.9x
Fri, 19 Jan 2024CA$1.3bCA$282.1m-CA$196,910,569.00n/a-6.8x4.8x
Sun, 17 Dec 2023CA$1.4bCA$281.0m-CA$195,598,491.00n/a-7x4.9x
Tue, 14 Nov 2023CA$1.3bCA$270.8m-CA$208,279,867.00210x-6.4x5x
Thu, 12 Oct 2023CA$1.4bCA$268.6m-CA$221,034,393.00227.1x-6.2x5.1x
Sat, 09 Sep 2023CA$1.3bCA$269.0m-CA$221,233,685.00206.9x-5.9x4.8x
Mon, 07 Aug 2023CA$1.4bCA$237.6m-CA$250,520,417.00111.8x-5.5x5.8x
Wed, 05 Jul 2023CA$1.4bCA$233.2m-CA$253,599,942.00112.1x-5.5x6x
Fri, 02 Jun 2023CA$1.4bCA$235.9m-CA$273,265,954.00113.8x-5.2x6.1x
Sun, 30 Apr 2023CA$1.4bCA$248.0m-CA$246,971,251.0093.9x-5.7x5.7x
Tue, 28 Mar 2023CA$1.3bCA$235.5m-CA$233,927,136.0093x-5.7x5.7x
Thu, 23 Feb 2023CA$1.5bCA$234.2m-CA$226,532,402.0097.4x-6.7x6.5x
Sat, 21 Jan 2023CA$1.7bCA$233.1m-CA$228,363,674.0092.5x-7.4x7.2x
Mon, 19 Dec 2022CA$1.5bCA$228.6m-CA$232,812,375.00102.4x-6.5x6.6x
Wed, 16 Nov 2022CA$1.4bCA$219.4m-CA$236,888,990.0082.3x-5.9x6.3x
Price to Earnings Ratio

-5.9x


Total Market Cap: CA$1.4bTotal Earnings: -CA$236,888,990.00Total Revenue: CA$219.4mTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Medical Equipment Industry Price to Earnings3Y Average -6.6x202320242025
Current Industry PE
  • Investors are relatively neutral on the Canadian Medical Equipment industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PS ratio of 5.8x.
Past Earnings Growth
  • The earnings for companies in the Medical Equipment industry have improved over the last three years.
  • Meanwhile revenues for these companies have declined 25% per year.
  • This means that less sales are being generated overall, but since the cost of doing business is lower, losses have been shrinking.

Industry Trends

Which industries have driven the changes within the Canadian Healthcare industry?

CA Market-0.68%
Healthcare-4.46%
Medical Equipment-1.12%
Medical Supplies0%0
Medical Equipment-1.42%
Industry PE
    Forecasted Growth
    • Analysts are most optimistic on the Medical Equipment industry, expecting annual earnings growth of 46% over the next 5 years.
    • In contrast, the Medical Equipment industry is expected to see its earnings grow by 46% per year over the next few years.

    Top Stock Gainers and Losers

    Which companies have driven the market over the last 7 days?

    CompanyLast Price7D1YValuation
    		FREQ Frequency ExchangeCA$0.2827.3%
    +CA$3.5m    		40.0%PS13.8x
    		CNVI Conavi MedicalCA$0.613.4%
    +CA$1.5m    		-39.6%PS5.1x
    		NSCI Nanalysis ScientificCA$0.185.9%
    +CA$1.1m    		-50.0%PS0.5x
    		PRN Profound MedicalCA$8.370.1%
    +CA$300.5k    		-30.1%PS15.1x

    Latest News

    PINK
    CA$0.23
    Perimeter Medical Imaging AI
    7D
    -4.1%
    1Y
    -44.0%
    CNVI
    CA$0.61
    Conavi Medical
    7D
    3.4%
    1Y
    -39.6%
    PRN
    CA$8.37
    Profound Medical
    7D
    0.1%
    1Y
    -30.1%
    IZO
    CA$0.41
    Izotropic
    7D
    -7.8%
    1Y
    538.5%
    ASG
    CA$0.29
    Aurora Spine
    7D
    -7.8%
    1Y
    -32.2%
    NSCI
    CA$0.18
    Nanalysis Scientific
    7D
    5.9%
    1Y
    -50.0%

    Nanalysis Scientific (CVE:NSCI) Is Carrying A Fair Bit Of Debt

    Oct 22
    Nanalysis Scientific (CVE:NSCI) Is Carrying A Fair Bit Of Debt
    OTC
    CA$1.02
    Ocumetics Technology
    7D
    -12.1%
    1Y
    179.5%
    VVTM
    CA$0.30
    VVT Med
    7D
    -3.2%
    1Y
    n/a
    FREQ
    CA$0.28
    Frequency Exchange
    7D
    27.3%
    1Y
    40.0%
    TLT
    CA$0.20
    Theralase Technologies
    7D
    -7.1%
    1Y
    -32.8%
    VPT
    CA$0.10
    Ventripoint Diagnostics
    7D
    -4.8%
    1Y
    -31.0%
    MIR
    CA$0.075
    MedMira
    7D
    -6.3%
    1Y
    -16.7%