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Canadian (TSX) Medical Equipment Industry Analysis

UpdatedJul 10, 2026
DataAggregated Company Financials
Companies13
  • 7D4.2%
  • 3M7.0%
  • 1Y-2.4%
  • YTD-10.3%

In the last week, the Medical Equipment industry is up 6.9%, with Profound Medical up 7.5%. In the same time, MedMira was down 7.1%. However, the industry is down 4.0% over the past year. As for the next few years, earnings are expected to grow by 55% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 10 Jul 2026CA$748.2mCA$99.7m-CA$101,343,387.70n/a-7.4x7.5x
Sun, 07 Jun 2026CA$697.3mCA$99.5m-CA$101,757,134.64n/a-6.9x7x
Tue, 05 May 2026CA$743.8mCA$94.5m-CA$108,419,127.48n/a-6.9x7.9x
Thu, 02 Apr 2026CA$703.9mCA$96.9m-CA$118,315,650.00n/a-5.9x7.3x
Sat, 28 Feb 2026CA$768.8mCA$93.5m-CA$112,285,376.72n/a-6.8x8.2x
Mon, 26 Jan 2026CA$815.4mCA$93.7m-CA$112,713,816.75n/a-7.2x8.7x
Wed, 24 Dec 2025CA$633.7mCA$93.7m-CA$112,176,208.60n/a-5.6x6.8x
Fri, 21 Nov 2025CA$551.2mCA$95.0m-CA$108,395,257.38n/a-5.1x5.8x
Sun, 19 Oct 2025CA$568.3mCA$91.4m-CA$112,863,999.80n/a-5x6.2x
Tue, 16 Sep 2025CA$499.0mCA$89.0m-CA$108,731,226.27n/a-4.6x5.6x
Thu, 14 Aug 2025CA$541.2mCA$89.8m-CA$96,814,624.24n/a-5.6x6x
Sat, 12 Jul 2025CA$571.1mCA$89.7m-CA$100,971,836.13n/a-5.7x6.4x
Mon, 09 Jun 2025CA$612.2mCA$89.0m-CA$101,870,607.63n/a-6x6.9x
Wed, 07 May 2025CA$699.4mCA$87.1m-CA$107,506,544.08n/a-6.5x8x
Fri, 04 Apr 2025CA$607.0mCA$86.2m-CA$98,661,957.06n/a-6.2x7x
Sun, 02 Mar 2025CA$665.6mCA$82.8m-CA$99,377,223.56n/a-6.7x8x
Tue, 28 Jan 2025CA$735.8mCA$84.1m-CA$117,700,236.30n/a-6.3x8.8x
Thu, 26 Dec 2024CA$669.9mCA$84.0m-CA$117,367,984.44n/a-5.7x8x
Sat, 23 Nov 2024CA$999.4mCA$189.5m-CA$119,770,397.57n/a-8.3x5.3x
Mon, 21 Oct 2024CA$917.2mCA$176.4m-CA$112,605,645.65n/a-8.1x5.2x
Wed, 18 Sep 2024CA$883.3mCA$175.0m-CA$119,358,267.12n/a-7.4x5x
Fri, 16 Aug 2024CA$947.1mCA$195.6m-CA$103,394,885.610.5x-9.2x4.8x
Sun, 14 Jul 2024CA$837.3mCA$190.0m-CA$106,528,394.210.5x-7.9x4.4x
Tue, 11 Jun 2024CA$866.5mCA$190.8m-CA$105,904,913.390.5x-8.2x4.5x
Thu, 09 May 2024CA$852.6mCA$242.9m-CA$109,871,905.610.7x-7.8x3.5x
Sat, 06 Apr 2024CA$870.8mCA$234.4m-CA$99,954,660.130.8x-8.7x3.7x
Mon, 04 Mar 2024CA$939.6mCA$229.6m-CA$112,557,735.16n/a-8.3x4.1x
Wed, 31 Jan 2024CA$1.4bCA$281.1m-CA$196,589,461.00n/a-7.1x4.9x
Fri, 29 Dec 2023CA$1.3bCA$279.4m-CA$195,098,928.00n/a-6.7x4.7x
Sun, 26 Nov 2023CA$1.4bCA$285.8m-CA$194,167,599.00n/a-7.1x4.8x
Tue, 24 Oct 2023CA$1.4bCA$269.5m-CA$221,449,058.00217.8x-6.2x5.1x
Thu, 21 Sep 2023CA$1.3bCA$267.3m-CA$220,505,483.00200.4x-5.8x4.8x
Sat, 19 Aug 2023CA$1.3bCA$270.4m-CA$218,091,807.00202.3x-5.9x4.8x
Mon, 17 Jul 2023CA$1.5bCA$236.3m-CA$254,904,459.00112x-5.8x6.2x
Price to Earnings Ratio

-5.8x


Total Market Cap: CA$1.5bTotal Earnings: -CA$254,904,459.00Total Revenue: CA$236.3mTotal 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 6.0x is lower than the industry's current PS ratio of 7.6x.
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 Market0.53%
Healthcare-1.13%
Medical Equipment4.24%
Medical Equipment5.09%
Medical Supplies0.26%
Industry PE
    Forecasted Growth
    • Analysts are most optimistic on the Medical Equipment industry, expecting annual earnings growth of 55% over the next 5 years.
    • In contrast, the Medical Equipment industry is expected to see its earnings grow by 55% 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$10.487.5%
    +CA$26.5m    		27.8%PS14.3x
    		VVTM VVT MedCA$0.2821.7%
    +CA$3.6m    		n/aPS186.3x
    		PINK Perimeter Medical Imaging AICA$0.307.0%
    +CA$3.1m    		13.0%PS15.4x
    		ZEN ZentekCA$0.663.1%
    +CA$2.5m    		-54.5%PS503.3x
    		FREQ Frequency ExchangeCA$0.268.3%
    +CA$1.2m    		26.8%PS20.6x

    Latest News

    OTC
    CA$0.42
    Ocumetics Technology
    7D
    -5.6%
    1Y
    11.8%
    IZO
    CA$0.26
    Izotropic
    7D
    -7.1%
    1Y
    -3.7%
    VVTM
    CA$0.28
    VVT Med
    7D
    21.7%
    1Y
    n/a
    MIR
    CA$0.065
    MedMira
    7D
    -7.1%
    1Y
    -13.3%
    ZEN
    CA$0.66
    Zentek
    7D
    3.1%
    1Y
    -54.5%
    NSCI
    CA$0.13
    Nanalysis Scientific
    7D
    4.0%
    1Y
    -46.9%
    FREQ
    CA$0.26
    Frequency Exchange
    7D
    8.3%
    1Y
    26.8%
    PRN
    CA$10.48
    Profound Medical
    7D
    7.5%
    1Y
    27.8%
    PINK
    CA$0.30
    Perimeter Medical Imaging AI
    7D
    7.0%
    1Y
    13.0%
    CHER
    CA$1.72
    Cheelcare
    7D
    -0.6%
    1Y
    n/a
    NGMD
    CA$0.015
    NuGen Medical Devices
    7D
    -25.0%
    1Y
    -76.9%
    EYE
    CA$0.35
    Rise Nano Optics
    7D
    -12.5%
    1Y
    n/a
    ASG
    CA$0.23
    Aurora Spine
    7D
    -7.8%
    1Y
    -26.6%
    VIVI
    CA$0.56
    TempraMed Technologies
    7D
    -5.1%
    1Y
    n/a