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Canadian (TSX) Medical Equipment Industry Analysis

UpdatedMay 26, 2026
DataAggregated Company Financials
Companies14
  • 7D3.9%
  • 3M0.5%
  • 1Y-7.3%
  • YTD-7.4%

In the last week, the Medical Equipment industry is up 3.9%, with Profound Medical up 5.2%. Meanwhile, Ocumetics Technology actually underperformed within the industry, shrinking 7.1% in the last week. In the past year, the industry is down 7.3%. 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
Tue, 26 May 2026CA$760.3mCA$99.2m-CA$103,518,419.52n/a-7.3x7.7x
Thu, 23 Apr 2026CA$766.1mCA$95.0m-CA$108,388,011.84n/a-7.1x8.1x
Sat, 21 Mar 2026CA$670.2mCA$96.2m-CA$117,149,260.62n/a-5.7x7x
Mon, 16 Feb 2026CA$739.0mCA$93.4m-CA$112,278,458.33n/a-6.6x7.9x
Wed, 14 Jan 2026CA$834.6mCA$94.3m-CA$113,732,588.48n/a-7.3x8.8x
Fri, 12 Dec 2025CA$615.2mCA$93.7m-CA$104,766,302.78n/a-5.9x6.6x
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
Price to Earnings Ratio

-5.2x


Total Market Cap: CA$1.4bTotal Earnings: -CA$273,265,954.00Total Revenue: CA$235.9mTotal 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 7.7x.
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 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 Market2.45%
Healthcare2.01%
Medical Equipment3.90%
Medical Equipment4.31%
Medical Supplies2.58%
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$10.005.2%
    +CA$17.8m    		33.5%PS14x
    		VIVI TempraMed TechnologiesCA$0.6713.6%
    +CA$6.2m    		n/an/a
    		MDX MedX HealthCA$0.0620.0%
    +CA$3.3m    		-20.0%PS41.6x
    		TLT Theralase TechnologiesCA$0.244.3%
    +CA$2.8m    		33.3%PS81.1x
    		ZCT Zero Candida TechnologiesCA$0.1926.7%
    +CA$785.1k    		-32.1%n/a

    Latest News

    NSCI
    CA$0.14
    Nanalysis Scientific
    7D
    -6.7%
    1Y
    -46.2%
    TLT
    CA$0.24
    Theralase Technologies
    7D
    4.3%
    1Y
    33.3%
    PINK
    CA$0.34
    Perimeter Medical Imaging AI
    7D
    13.1%
    1Y
    -12.7%
    ZEN
    CA$0.91
    Zentek
    7D
    -2.2%
    1Y
    -56.0%
    PRN
    CA$10.00
    Profound Medical
    7D
    5.2%
    1Y
    33.5%
    CNVI
    CA$0.27
    Conavi Medical
    7D
    -6.9%
    1Y
    -32.5%
    MDX
    CA$0.06
    MedX Health
    7D
    20.0%
    1Y
    -20.0%
    OTC
    CA$0.52
    Ocumetics Technology
    7D
    -7.1%
    1Y
    33.3%
    VVTM
    CA$0.17
    VVT Med
    7D
    -19.0%
    1Y
    n/a
    FREQ
    CA$0.32
    Frequency Exchange
    7D
    3.2%
    1Y
    39.1%
    DTR
    CA$0.42
    DiagnosTear Technologies
    7D
    -12.5%
    1Y
    16.7%
    CHER
    CA$1.77
    Cheelcare
    7D
    -4.3%
    1Y
    n/a
    IZO
    CA$0.27
    Izotropic
    7D
    -11.7%
    1Y
    -18.5%
    VIVI
    CA$0.67
    TempraMed Technologies
    7D
    13.6%
    1Y
    n/a
    ZCT
    CA$0.19
    Zero Candida Technologies
    7D
    26.7%
    1Y
    -32.1%