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Canadian (TSX) Medical Equipment Industry Analysis

UpdatedApr 10, 2026
DataAggregated Company Financials
Companies14
  • 7D1.0%
  • 3M-18.4%
  • 1Y0.4%
  • YTD-11.8%

The Medical Equipment industry has been flat over the last week, but Theralase Technologies has lost 12%. Furthermore, the industry has been flat for the past year as well. Earnings are forecast to grow by 47% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 10 Apr 2026CA$706.8mCA$95.5m-CA$109,187,029.61n/a-6.5x7.4x
Sun, 08 Mar 2026CA$670.1mCA$95.8m-CA$116,377,222.99n/a-5.8x7x
Tue, 03 Feb 2026CA$776.4mCA$93.6m-CA$112,578,971.22n/a-6.9x8.3x
Thu, 01 Jan 2026CA$620.4mCA$93.8m-CA$112,870,677.88n/a-5.5x6.6x
Sat, 29 Nov 2025CA$581.0mCA$94.4m-CA$108,868,985.95n/a-5.3x6.2x
Mon, 27 Oct 2025CA$601.3mCA$91.3m-CA$112,779,083.71n/a-5.3x6.6x
Wed, 24 Sep 2025CA$503.9mCA$89.2m-CA$109,136,613.33n/a-4.6x5.6x
Fri, 22 Aug 2025CA$477.4mCA$90.3m-CA$108,513,645.58n/a-4.4x5.3x
Sun, 20 Jul 2025CA$564.7mCA$89.9m-CA$101,269,936.29n/a-5.6x6.3x
Tue, 17 Jun 2025CA$645.2mCA$88.7m-CA$101,300,786.47n/a-6.4x7.3x
Thu, 15 May 2025CA$575.9mCA$89.4m-CA$101,057,745.11n/a-5.7x6.4x
Sat, 12 Apr 2025CA$529.7mCA$85.7m-CA$97,846,808.01n/a-5.4x6.2x
Mon, 10 Mar 2025CA$669.4mCA$86.6m-CA$102,560,312.69n/a-6.5x7.7x
Wed, 05 Feb 2025CA$680.8mCA$82.4m-CA$98,759,515.59n/a-6.9x8.3x
Fri, 03 Jan 2025CA$699.7mCA$84.1m-CA$117,833,782.55n/a-5.9x8.3x
Sun, 01 Dec 2024CA$646.1mCA$83.1m-CA$115,663,866.43n/a-5.6x7.8x
Tue, 29 Oct 2024CA$924.3mCA$178.3m-CA$112,501,404.19n/a-8.2x5.2x
Thu, 26 Sep 2024CA$869.0mCA$173.9m-CA$118,825,073.04n/a-7.3x5x
Sat, 24 Aug 2024CA$951.5mCA$170.5m-CA$121,562,179.82n/a-7.8x5.6x
Mon, 22 Jul 2024CA$894.8mCA$191.1m-CA$106,872,855.330.5x-8.4x4.7x
Wed, 19 Jun 2024CA$846.6mCA$190.9m-CA$107,353,175.290.5x-7.9x4.4x
Fri, 17 May 2024CA$888.7mCA$246.9m-CA$107,290,046.480.5x-8.3x3.6x
Sun, 14 Apr 2024CA$880.4mCA$236.4m-CA$100,585,832.580.8x-8.8x3.7x
Tue, 12 Mar 2024CA$888.1mCA$229.8m-CA$111,471,865.89n/a-8x3.9x
Thu, 08 Feb 2024CA$926.3mCA$228.2m-CA$118,520,616.51n/a-7.8x4.1x
Sat, 06 Jan 2024CA$1.3bCA$280.8m-CA$195,553,654.00n/a-6.8x4.8x
Mon, 04 Dec 2023CA$1.4bCA$282.2m-CA$195,995,666.00n/a-7x4.9x
Wed, 01 Nov 2023CA$1.4bCA$271.2m-CA$222,171,765.00213.5x-6.1x5x
Fri, 29 Sep 2023CA$1.3bCA$267.5m-CA$220,588,839.00209.2x-5.8x4.8x
Sun, 27 Aug 2023CA$1.3bCA$272.0m-CA$220,298,834.00219.5x-5.9x4.7x
Tue, 25 Jul 2023CA$1.5bCA$235.8m-CA$249,157,240.00111x-5.8x6.2x
Thu, 22 Jun 2023CA$1.4bCA$232.9m-CA$256,146,745.00111x-5.5x6x
Sat, 20 May 2023CA$1.4bCA$254.8m-CA$241,072,109.00118.6x-5.9x5.6x
Mon, 17 Apr 2023CA$1.4bCA$244.2m-CA$244,824,144.0094x-5.7x5.7x
Price to Earnings Ratio

-5.7x


Total Market Cap: CA$1.4bTotal Earnings: -CA$244,824,144.00Total Revenue: CA$244.2mTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Medical Equipment Industry Price to Earnings3Y Average -6.5x202420252026
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 5.9x is lower than the industry's current PS ratio of 7.4x.
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 27% 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 Market1.31%
Healthcare1.42%
Medical Equipment0.97%
Medical Supplies3.89%
Medical Equipment0.23%
Industry PE
    Forecasted Growth
    • Analysts are most optimistic on the Medical Equipment industry, expecting annual earnings growth of 47% over the next 5 years.
    • In contrast, the Medical Equipment industry is expected to see its earnings grow by 47% 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$9.092.4%
    +CA$7.6m    		43.8%PS14.8x
    		CHER CheelcareCA$1.6922.5%
    +CA$6.1m    		n/aPS20.5x
    		VIVI TempraMed TechnologiesCA$0.839.2%
    +CA$5.4m    		n/an/a
    		OTC Ocumetics TechnologyCA$0.498.9%
    +CA$5.2m    		78.2%PE-15x
    		CNVI Conavi MedicalCA$0.403.9%
    +CA$1.6m    		-31.9%PS57.9x

    Latest News

    NSCI
    CA$0.13
    Nanalysis Scientific
    7D
    -7.1%
    1Y
    -53.6%
    MYTC
    CA$0.005
    MyndTec
    7D
    -75.0%
    1Y
    -93.8%
    PINK
    CA$0.35
    Perimeter Medical Imaging AI
    7D
    1.4%
    1Y
    -11.3%
    MIR
    CA$0.06
    MedMira
    7D
    -7.7%
    1Y
    -25.0%
    CHER
    CA$1.69
    Cheelcare
    7D
    22.5%
    1Y
    n/a
    PRN
    CA$9.09
    Profound Medical
    7D
    2.4%
    1Y
    43.8%
    IZO
    CA$0.23
    Izotropic
    7D
    -2.2%
    1Y
    -6.3%
    VPT
    CA$0.10
    Ventripoint Diagnostics
    7D
    -13.0%
    1Y
    -25.9%
    TLT
    CA$0.26
    Theralase Technologies
    7D
    -12.1%
    1Y
    24.4%
    CNVI
    CA$0.40
    Conavi Medical
    7D
    3.9%
    1Y
    -31.9%
    DTR
    CA$0.35
    DiagnosTear Technologies
    7D
    -6.7%
    1Y
    0%
    NGMD
    CA$0.015
    NuGen Medical Devices
    7D
    -25.0%
    1Y
    -75.0%
    FREQ
    CA$0.28
    Frequency Exchange
    7D
    3.7%
    1Y
    12.0%
    VIVI
    CA$0.83
    TempraMed Technologies
    7D
    9.2%
    1Y
    n/a
    OTC
    CA$0.49
    Ocumetics Technology
    7D
    8.9%
    1Y
    78.2%