Risks Still Elevated At These Prices As Profound Medical Corp. (TSE:PRN) Shares Dive 27%
Feb 13
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Canadian (TSX) Medical Equipment Industry Analysis
UpdatedFeb 16, 2026
DataAggregated Company Financials
Companies13
- 7D-1.8%
- 3M5.7%
- 1Y-22.6%
- YTD-7.6%
Over the last 7 days, the Medical Equipment industry has dropped 1.8%, driven by TempraMed Technologies declining 17%. On the other hand Cheelcare is actually up 27%. However, the industry is down 23% over the past year. As for the next few years, earnings are expected to grow by 50% per annum.
Industry Valuation and Performance
Has the Canadian Medical Equipment Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 16 Feb 2026 | CA$739.0m | CA$93.4m | -CA$112,278,458.33 | n/a | -6.6x | 7.9x |
| Wed, 14 Jan 2026 | CA$834.6m | CA$94.3m | -CA$113,732,588.48 | n/a | -7.3x | 8.8x |
| Fri, 12 Dec 2025 | CA$615.2m | CA$93.7m | -CA$104,766,302.78 | n/a | -5.9x | 6.6x |
| Sun, 09 Nov 2025 | CA$575.4m | CA$91.4m | -CA$112,965,782.78 | n/a | -5.1x | 6.3x |
| Tue, 07 Oct 2025 | CA$552.4m | CA$91.1m | -CA$112,496,417.83 | n/a | -4.9x | 6.1x |
| Thu, 04 Sep 2025 | CA$519.3m | CA$89.1m | -CA$108,898,731.97 | n/a | -4.8x | 5.8x |
| Sat, 02 Aug 2025 | CA$550.3m | CA$90.1m | -CA$101,613,748.38 | n/a | -5.4x | 6.1x |
| Mon, 30 Jun 2025 | CA$569.3m | CA$89.9m | -CA$101,148,848.30 | n/a | -5.6x | 6.3x |
| Wed, 28 May 2025 | CA$625.7m | CA$90.1m | -CA$103,496,720.83 | n/a | -6x | 6.9x |
| Fri, 25 Apr 2025 | CA$614.4m | CA$84.0m | -CA$102,033,150.99 | n/a | -6x | 7.3x |
| Sun, 23 Mar 2025 | CA$695.2m | CA$86.5m | -CA$102,369,620.74 | n/a | -6.8x | 8x |
| Tue, 18 Feb 2025 | CA$708.6m | CA$82.0m | -CA$97,991,152.68 | n/a | -7.2x | 8.6x |
| Thu, 16 Jan 2025 | CA$731.5m | CA$83.9m | -CA$117,488,748.48 | n/a | -6.2x | 8.7x |
| Sat, 14 Dec 2024 | CA$694.9m | CA$83.7m | -CA$116,773,583.45 | n/a | -6x | 8.3x |
| Mon, 11 Nov 2024 | CA$969.8m | CA$180.1m | -CA$117,891,763.54 | n/a | -8.2x | 5.4x |
| Wed, 09 Oct 2024 | CA$875.1m | CA$175.5m | -CA$119,602,539.76 | n/a | -7.3x | 5x |
| Fri, 06 Sep 2024 | CA$927.3m | CA$173.9m | -CA$109,723,441.55 | n/a | -8.5x | 5.3x |
| Sun, 04 Aug 2024 | CA$976.9m | CA$192.5m | -CA$107,336,350.41 | 0.5x | -9.1x | 5.1x |
| Tue, 02 Jul 2024 | CA$833.1m | CA$191.2m | -CA$106,918,502.57 | 0.5x | -7.8x | 4.4x |
| Thu, 30 May 2024 | CA$836.9m | CA$243.0m | -CA$104,230,173.97 | 0.5x | -8x | 3.4x |
| Sat, 27 Apr 2024 | CA$853.6m | CA$239.1m | -CA$111,100,424.89 | 0.7x | -7.7x | 3.6x |
| Mon, 25 Mar 2024 | CA$882.4m | CA$231.1m | -CA$111,892,577.08 | n/a | -7.9x | 3.8x |
| Wed, 21 Feb 2024 | CA$903.3m | CA$228.8m | -CA$118,164,860.10 | n/a | -7.6x | 3.9x |
| Fri, 19 Jan 2024 | CA$1.3b | CA$282.1m | -CA$196,910,569.00 | n/a | -6.8x | 4.8x |
| Sun, 17 Dec 2023 | CA$1.4b | CA$281.0m | -CA$195,598,491.00 | n/a | -7x | 4.9x |
| Tue, 14 Nov 2023 | CA$1.3b | CA$270.8m | -CA$208,279,867.00 | 210x | -6.4x | 5x |
| Thu, 12 Oct 2023 | CA$1.4b | CA$268.6m | -CA$221,034,393.00 | 227.1x | -6.2x | 5.1x |
| Sat, 09 Sep 2023 | CA$1.3b | CA$269.0m | -CA$221,233,685.00 | 206.9x | -5.9x | 4.8x |
| Mon, 07 Aug 2023 | CA$1.4b | CA$237.6m | -CA$250,520,417.00 | 111.8x | -5.5x | 5.8x |
| Wed, 05 Jul 2023 | CA$1.4b | CA$233.2m | -CA$253,599,942.00 | 112.1x | -5.5x | 6x |
| Fri, 02 Jun 2023 | CA$1.4b | CA$235.9m | -CA$273,265,954.00 | 113.8x | -5.2x | 6.1x |
| Sun, 30 Apr 2023 | CA$1.4b | CA$248.0m | -CA$246,971,251.00 | 93.9x | -5.7x | 5.7x |
| Tue, 28 Mar 2023 | CA$1.3b | CA$235.5m | -CA$233,927,136.00 | 93x | -5.7x | 5.7x |
| Thu, 23 Feb 2023 | CA$1.5b | CA$234.2m | -CA$226,532,402.00 | 97.4x | -6.7x | 6.5x |
Price to Earnings Ratio
-6.7x
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 7.9x.
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 26% 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 | 1.92% | |
| Healthcare | -0.37% | |
| Medical Equipment | -1.76% | |
| Medical Equipment | 1.73% | |
| Medical Supplies | -11.92% | |
Industry PE
Forecasted Growth
- Analysts are most optimistic on the Medical Equipment industry, expecting annual earnings growth of 50% over the next 5 years.
- In contrast, the Medical Equipment industry is expected to see its earnings grow by 50% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| PRN Profound Medical | CA$8.90 | 2.2% +CA$6.9m | -6.9% | PS16.6x | |
| CHER Cheelcare | CA$1.92 | 12.9% +CA$4.3m | n/a | PS24.2x | |
| PINK Perimeter Medical Imaging AI | CA$0.30 | 11.1% +CA$3.9m | -48.3% | PS14.5x | |
| MIR MedMira | CA$0.07 | 7.7% +CA$3.5m | -41.7% | PS209.5x | |
| CNVI Conavi Medical | CA$0.42 | 3.7% +CA$1.6m | -44.0% | PS4.8x |