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Canadian (TSX) Medical Equipment Industry Analysis

UpdatedJan 02, 2026
DataAggregated Company Financials
Companies14
  • 7D-0.9%
  • 3M11.5%
  • 1Y-21.6%
  • YTDn/a

Over the last 7 days, the Medical Equipment industry has remained flat, although notably Profound Medical gained 5.1%. As for the longer term, the industry has declined 22% in the last year. Looking forward, earnings are forecast to grow by 51% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 02 Jan 2026CA$647.9mCA$93.8m-CA$112,861,871.64n/a-5.7x6.9x
Sun, 30 Nov 2025CA$579.1mCA$94.4m-CA$108,868,985.95n/a-5.3x6.1x
Tue, 28 Oct 2025CA$602.1mCA$91.3m-CA$112,758,145.50n/a-5.3x6.6x
Thu, 25 Sep 2025CA$532.8mCA$89.4m-CA$109,501,868.83n/a-4.9x6x
Sat, 23 Aug 2025CA$474.9mCA$90.0m-CA$108,081,954.60n/a-4.4x5.3x
Mon, 21 Jul 2025CA$564.7mCA$89.9m-CA$101,269,936.29n/a-5.6x6.3x
Wed, 18 Jun 2025CA$655.6mCA$88.7m-CA$101,620,454.23n/a-6.5x7.4x
Fri, 16 May 2025CA$575.5mCA$89.9m-CA$104,049,853.76n/a-5.5x6.4x
Sun, 13 Apr 2025CA$526.4mCA$85.7m-CA$97,846,808.01n/a-5.4x6.1x
Tue, 11 Mar 2025CA$669.4mCA$86.8m-CA$102,870,602.19n/a-6.5x7.7x
Thu, 06 Feb 2025CA$701.4mCA$82.4m-CA$98,740,505.45n/a-7.1x8.5x
Sat, 04 Jan 2025CA$741.1mCA$84.2m-CA$118,050,498.16n/a-6.3x8.8x
Mon, 02 Dec 2024CA$646.1mCA$83.1m-CA$115,663,866.43n/a-5.6x7.8x
Wed, 30 Oct 2024CA$927.3mCA$178.6m-CA$112,614,824.01n/a-8.2x5.2x
Fri, 27 Sep 2024CA$865.2mCA$173.7m-CA$118,762,286.72n/a-7.3x5x
Sun, 25 Aug 2024CA$934.1mCA$170.5m-CA$121,562,179.82n/a-7.7x5.5x
Tue, 23 Jul 2024CA$894.8mCA$191.3m-CA$106,951,200.680.5x-8.4x4.7x
Thu, 20 Jun 2024CA$866.5mCA$190.8m-CA$107,322,626.750.5x-8.1x4.5x
Sat, 18 May 2024CA$893.8mCA$246.8m-CA$107,272,052.300.5x-8.3x3.6x
Mon, 15 Apr 2024CA$881.4mCA$236.4m-CA$100,585,832.580.8x-8.8x3.7x
Wed, 13 Mar 2024CA$888.1mCA$229.9m-CA$111,503,548.94n/a-8x3.9x
Fri, 09 Feb 2024CA$939.6mCA$228.1m-CA$118,501,878.68n/a-7.9x4.1x
Sun, 07 Jan 2024CA$1.4bCA$280.8m-CA$195,553,654.00n/a-7x4.9x
Tue, 05 Dec 2023CA$1.4bCA$282.6m-CA$196,142,557.00n/a-7x4.9x
Thu, 02 Nov 2023CA$1.4bCA$271.2m-CA$222,160,760.00209x-6.1x5x
Sat, 30 Sep 2023CA$1.3bCA$268.4m-CA$220,974,308.00209.3x-5.8x4.8x
Mon, 28 Aug 2023CA$1.3bCA$272.0m-CA$220,298,834.00219.5x-5.9x4.7x
Wed, 26 Jul 2023CA$1.4bCA$235.9m-CA$249,176,270.00108.6x-5.8x6.1x
Fri, 23 Jun 2023CA$1.4bCA$232.7m-CA$256,053,498.00110.3x-5.5x6x
Sun, 21 May 2023CA$1.4bCA$254.8m-CA$241,072,109.00118.6x-5.9x5.6x
Tue, 18 Apr 2023CA$1.4bCA$244.5m-CA$244,978,754.0093.8x-5.7x5.7x
Thu, 16 Mar 2023CA$1.4bCA$236.5m-CA$234,769,259.0092.3x-5.9x5.9x
Sat, 11 Feb 2023CA$1.6bCA$232.5m-CA$223,546,649.0095.2x-6.9x6.7x
Mon, 09 Jan 2023CA$1.6bCA$226.3m-CA$228,725,244.0099.4x-6.8x6.9x
Price to Earnings Ratio

-6.8x


Total Market Cap: CA$1.6bTotal Earnings: -CA$228,725,244.00Total Revenue: CA$226.3mTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Medical Equipment Industry Price to Earnings3Y Average -6.6x202420252026
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 5.8x is lower than the industry's current PS ratio of 6.9x.
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-0.50%
Healthcare-1.00%
Medical Equipment-0.88%
Medical Equipment1.10%
Medical Supplies-11.00%
Industry PE
    Forecasted Growth
    • Analysts are most optimistic on the Medical Equipment industry, expecting annual earnings growth of 51% over the next 5 years.
    • In contrast, the Medical Equipment industry is expected to see its earnings grow by 51% 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$10.775.1%
    +CA$15.7m    		-4.0%PS16.6x
    		FREQ Frequency ExchangeCA$0.2829.5%
    +CA$3.8m    		32.6%PS14.7x
    		VPT Ventripoint DiagnosticsCA$0.1416.7%
    +CA$3.4m    		33.3%PS133.8x
    		TLT Theralase TechnologiesCA$0.173.1%
    +CA$1.3m    		-43.1%PS43.7x
    		ASG Aurora SpineCA$0.275.9%
    +CA$1.2m    		-34.1%PS0.9x

    Latest News

    VPT
    CA$0.14
    Ventripoint Diagnostics
    7D
    16.7%
    1Y
    33.3%
    NSCI
    CA$0.17
    Nanalysis Scientific
    7D
    3.0%
    1Y
    -47.7%
    FREQ
    CA$0.28
    Frequency Exchange
    7D
    29.5%
    1Y
    32.6%
    CHER
    CA$0.98
    Cheelcare
    7D
    -10.9%
    1Y
    n/a
    MIR
    CA$0.065
    MedMira
    7D
    -13.3%
    1Y
    -40.9%
    PRN
    CA$10.77
    Profound Medical
    7D
    5.1%
    1Y
    -4.0%
    PINK
    CA$0.35
    Perimeter Medical Imaging AI
    7D
    -19.5%
    1Y
    -16.7%
    OTC
    CA$0.60
    Ocumetics Technology
    7D
    -3.2%
    1Y
    81.8%
    TLT
    CA$0.17
    Theralase Technologies
    7D
    3.1%
    1Y
    -43.1%
    VVTM
    CA$0.30
    VVT Med
    7D
    3.4%
    1Y
    n/a
    ZEN
    CA$0.89
    Zentek
    7D
    -11.0%
    1Y
    -39.9%
    CNVI
    CA$0.46
    Conavi Medical
    7D
    -2.2%
    1Y
    -31.1%
    DTR
    CA$0.52
    DiagnosTear Technologies
    7D
    -10.3%
    1Y
    2.0%
    ASG
    CA$0.27
    Aurora Spine
    7D
    5.9%
    1Y
    -34.1%
    ZCT
    CA$0.17
    Zero Candida Technologies
    7D
    -12.5%
    1Y
    -66.3%
    ASEP
    CA$0.28
    ASEP Medical Holdings
    7D
    12.0%
    1Y
    -67.1%