Header cover image

Canadian (TSX) Medical Equipment Industry Analysis

UpdatedFeb 21, 2025
DataAggregated Company Financials
Companies11
  • 7D4.2%
  • 3M-3.6%
  • 1Y-10.7%
  • YTD-2.0%

In the last week, the Medical Equipment industry is up 4.2%, with Profound Medical up 17%. Meanwhile, Light AI actually underperformed within the industry, shrinking 21% in the last week. In the past year, the industry is down 11%. Earnings are forecast to grow by 49% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 21 Feb 2025CA$709.7mCA$82.0m-CA$97,988,057.46n/a-7.2x8.7x
Sun, 19 Jan 2025CA$746.8mCA$84.3m-CA$118,145,073.62n/a-6.3x8.9x
Tue, 17 Dec 2024CA$666.8mCA$83.7m-CA$116,841,069.45n/a-5.7x8x
Thu, 14 Nov 2024CA$949.9mCA$181.0m-CA$118,272,016.89n/a-8x5.2x
Sat, 12 Oct 2024CA$867.3mCA$176.6m-CA$120,129,376.71n/a-7.2x4.9x
Mon, 09 Sep 2024CA$918.1mCA$174.6m-CA$119,194,171.23n/a-7.7x5.3x
Wed, 07 Aug 2024CA$976.9mCA$191.6m-CA$107,028,758.220.5x-9.1x5.1x
Fri, 05 Jul 2024CA$824.8mCA$189.8m-CA$106,458,513.590.5x-7.7x4.3x
Sun, 02 Jun 2024CA$845.9mCA$248.6m-CA$102,622,563.850.5x-8.2x3.4x
Tue, 30 Apr 2024CA$859.7mCA$239.0m-CA$111,089,663.560.7x-7.7x3.6x
Thu, 28 Mar 2024CA$869.1mCA$233.5m-CA$112,467,029.47n/a-7.7x3.7x
Sat, 24 Feb 2024CA$907.8mCA$228.6m-CA$118,098,809.61n/a-7.7x4x
Mon, 22 Jan 2024CA$1.3bCA$281.4m-CA$196,694,565.00n/a-6.9x4.8x
Wed, 20 Dec 2023CA$1.3bCA$280.5m-CA$195,457,957.00n/a-6.7x4.7x
Fri, 17 Nov 2023CA$1.4bCA$282.0m-CA$196,761,219.00n/a-6.9x4.8x
Sun, 15 Oct 2023CA$1.4bCA$269.2m-CA$221,294,616.00237x-6.3x5.1x
Tue, 12 Sep 2023CA$1.3bCA$268.4m-CA$220,964,999.00216.9x-5.9x4.9x
Thu, 10 Aug 2023CA$1.4bCA$237.9m-CA$250,769,075.00106.9x-5.5x5.8x
Sat, 08 Jul 2023CA$1.4bCA$233.6m-CA$253,950,727.00111.6x-5.6x6.1x
Mon, 05 Jun 2023CA$1.5bCA$234.9m-CA$268,226,049.00115.1x-5.4x6.2x
Wed, 03 May 2023CA$1.4bCA$249.6m-CA$247,265,828.0092.8x-5.7x5.6x
Fri, 31 Mar 2023CA$1.4bCA$234.3m-CA$232,719,477.0097x-5.8x5.8x
Sun, 26 Feb 2023CA$1.5bCA$234.7m-CA$226,991,564.0095.8x-6.7x6.4x
Tue, 24 Jan 2023CA$1.7bCA$232.9m-CA$228,285,012.0092.6x-7.4x7.2x
Thu, 22 Dec 2022CA$1.5bCA$227.7m-CA$231,967,852.00103.1x-6.3x6.4x
Sat, 19 Nov 2022CA$1.4bCA$220.1m-CA$234,768,734.0085.6x-5.9x6.3x
Mon, 17 Oct 2022CA$1.4bCA$228.7m-CA$234,959,521.0090.2x-5.8x6x
Wed, 14 Sep 2022CA$1.6bCA$220.7m-CA$226,701,926.0087.1x-6.9x7.1x
Fri, 12 Aug 2022CA$1.7bCA$234.6m-CA$232,133,195.0085.8x-7.4x7.3x
Sun, 10 Jul 2022CA$1.7bCA$226.9m-CA$227,882,374.0078.8x-7.3x7.3x
Tue, 07 Jun 2022CA$1.7bCA$223.8m-CA$221,559,850.0081.7x-7.8x7.7x
Thu, 05 May 2022CA$1.8bCA$191.0m-CA$215,359,969.0078.6x-8.5x9.6x
Sat, 02 Apr 2022CA$2.1bCA$174.5m-CA$190,152,893.0088.8x-11.1x12.1x
Mon, 28 Feb 2022CA$1.7bCA$185.6m-CA$213,527,978.0086.7x-7.9x9.1x
Price to Earnings Ratio

-7.9x


Total Market Cap: CA$1.7bTotal Earnings: -CA$213,527,978.00Total Revenue: CA$185.6mTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Medical Equipment Industry Price to Earnings3Y Average -7.1x202320242025
Current Industry PE
  • Investors are optimistic on the Canadian Medical Equipment industry, and appear confident in long term growth rates.
  • The 3-year average PS ratio of 6.1x is lower than the industry's current PS ratio of 8.7x.
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 24% 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-0.52%
Healthcare-1.70%
Medical Equipment4.19%
Medical Equipment6.49%
Medical Supplies-3.18%
Industry PE
    Forecasted Growth
    • Analysts are most optimistic on the Medical Equipment industry, expecting annual earnings growth of 49% over the next 5 years.
    • In contrast, the Medical Equipment industry is expected to see its earnings grow by 49% 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
    PRN Profound MedicalCA$10.5116.6%
    +CA$45.0m
    -9.7%PS24.8x
    PINK Perimeter Medical Imaging AICA$0.626.9%
    +CA$3.7m
    -38.0%PS56.9x
    NGMD NuGen Medical DevicesCA$0.0716.7%
    +CA$2.3m
    -41.7%PS20.7x
    NSCI Nanalysis ScientificCA$0.325.0%
    +CA$1.7m
    -40.6%PS0.8x
    ZCT Zero Candida TechnologiesCA$0.5011.1%
    +CA$976.7k
    n/an/a
    Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

    Latest News

    PRN

    CA$10.51

    Profound Medical

    7D

    16.6%

    1Y

    -9.7%

    VPT

    CA$0.09

    Ventripoint Diagnostics

    7D

    5.9%

    1Y

    -67.9%

    DTR

    CA$0.40

    DiagnosTear Technologies

    7D

    -20.0%

    1Y

    n/a

    ZEN

    CA$1.52

    Zentek

    7D

    -3.2%

    1Y

    -5.6%

    TLT

    CA$0.28

    Theralase Technologies

    7D

    -6.7%

    1Y

    36.6%

    NGMD

    CA$0.07

    NuGen Medical Devices

    7D

    16.7%

    1Y

    -41.7%

    ALGO

    CA$0.76

    Light AI

    7D

    -20.8%

    1Y

    n/a

    CNVI

    CA$0.66

    Conavi Medical

    7D

    -8.3%

    1Y

    n/a

    OTC

    CA$0.33

    Ocumetics Technology

    7D

    1.6%

    1Y

    8.3%

    PINK

    CA$0.62

    Perimeter Medical Imaging AI

    7D

    6.9%

    1Y

    -38.0%

    THRM

    CA$0.035

    Therma Bright

    7D

    -12.5%

    1Y

    75.0%

    EVMT

    CA$0.10

    Evome Medical Technologies

    7D

    5.3%

    1Y

    -45.9%