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German (DAX) Medical Equipment Industry Analysis

UpdatedSep 26, 2025
DataAggregated Company Financials
Companies15
  • 7D-5.0%
  • 3M-6.5%
  • 1Y-15.1%
  • YTD-10.9%

Over the last 7 days, the Medical Equipment industry has dropped 5.0%, driven by Siemens Healthineers declining 5.3%. Overall the industry is down 15% in 12 months. Earnings are forecast to grow by 13% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 26 Sep 2025€57.8b€32.0b€2.6b17.4x22.5x1.8x
Sun, 24 Aug 2025€61.4b€32.0b€2.6b22.3x23.9x1.9x
Tue, 22 Jul 2025€60.0b€31.7b€2.5b22.8x23.8x1.9x
Thu, 19 Jun 2025€60.0b€31.7b€2.5b21.1x23.8x1.9x
Sat, 17 May 2025€64.4b€31.7b€2.5b30.5x25.7x2x
Mon, 14 Apr 2025€56.9b€31.2b€2.4b25.3x23.5x1.8x
Wed, 12 Mar 2025€66.5b€31.1b€2.4b29.1x28.1x2.1x
Fri, 07 Feb 2025€72.8b€30.8b€2.3b28.4x31.1x2.4x
Sun, 05 Jan 2025€64.5b€30.8b€2.3b25.1x27.5x2.1x
Tue, 03 Dec 2024€66.3b€30.8b€2.4b26.5x28.1x2.2x
Thu, 31 Oct 2024€62.4b€30.5b€2.3b26.2x27.3x2x
Sat, 28 Sep 2024€69.7b€30.5b€2.3b26.2x30.4x2.3x
Mon, 26 Aug 2024€66.2b€30.5b€2.3b26.9x28.9x2.2x
Wed, 24 Jul 2024€67.7b€30.2b€2.3b25.9x29.8x2.2x
Fri, 21 Jun 2024€68.6b€30.2b€2.3b26.1x30.2x2.3x
Sun, 19 May 2024€70.9b€30.2b€2.3b28.6x31.2x2.3x
Tue, 16 Apr 2024€72.0b€30.2b€2.0b25.3x36.5x2.4x
Thu, 14 Mar 2024€76.6b€30.2b€2.0b32.2x39x2.5x
Sat, 10 Feb 2024€73.6b€30.1b€2.0b33.7x37.6x2.4x
Mon, 08 Jan 2024€69.1b€30.1b€1.9b30.4x35.8x2.3x
Wed, 06 Dec 2023€68.9b€30.0b€1.9b28.6x35.3x2.3x
Fri, 03 Nov 2023€63.5b€30.0b€2.0b29.3x31.1x2.1x
Sun, 01 Oct 2023€68.8b€29.9b€2.0b27.2x34.4x2.3x
Tue, 29 Aug 2023€62.3b€29.9b€2.0b29x31.2x2.1x
Thu, 27 Jul 2023€70.6b€29.7b€1.8b31.8x38.4x2.4x
Sat, 24 Jun 2023€69.9b€29.7b€1.8b30.6x38.1x2.4x
Mon, 22 May 2023€73.7b€29.7b€1.8b36x40.1x2.5x
Wed, 19 Apr 2023€74.7b€29.7b€2.3b25.8x32.3x2.5x
Fri, 17 Mar 2023€72.4b€29.5b€2.3b28.3x32.1x2.5x
Sun, 12 Feb 2023€73.7b€29.5b€2.2b29.1x32.9x2.5x
Tue, 10 Jan 2023€68.7b€29.5b€2.3b26.3x30x2.3x
Thu, 08 Dec 2022€70.3b€29.3b€2.2b27.1x31.4x2.4x
Sat, 05 Nov 2022€65.4b€28.5b€2.1b28x31.6x2.3x
Mon, 03 Oct 2022€62.6b€28.5b€2.1b26.2x29.3x2.2x
Price to Earnings Ratio

29.3x


Total Market Cap: €62.6bTotal Earnings: €2.1bTotal Revenue: €28.5bTotal Market Cap vs Earnings and Revenue0%0%0%
German Medical Equipment Industry Price to Earnings3Y Average 31.1x202320242025
Current Industry PE
  • Investors are pessimistic on the German Medical Equipment industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 22.5x which is lower than its 3-year average PE of 31.1x.
  • The 3-year average PS ratio of 2.2x is higher than the industry's current PS ratio of 1.8x.
Past Earnings Growth
  • The earnings for companies in the Medical Equipment industry have grown 6.3% per year over the last three years.
  • Revenues for these companies have grown 3.9% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the German Healthcare industry?

DE Market-1.06%
Healthcare-2.76%
Medical Equipment-5.03%
Medical Supplies-0.33%
Medical Equipment-5.11%
Industry PE
  • Investors are most optimistic about the Medical Equipment industry even though it's trading below its 3-year average PE ratio of 31.3x.
    • Analysts are expecting annual earnings growth of 12.9%, which is higher than its past year's earnings decline of 2.1% per year.
  • Investors are most pessimistic about the Medical Supplies industry, which is trading below its 3-year average of 25.3x.
Forecasted Growth
  • Analysts are most optimistic on the Medical Equipment industry, expecting annual earnings growth of 13% over the next 5 years.
  • This is better than its past earnings decline of 2.1% per year.
  • In contrast, the Medical Equipment industry is expected to see its earnings grow by 13% 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
PHH2 Paul Hartmann€224.000.4%
+€3.6m
14.3%PE9.8x
SBS Stratec€28.650.5%
+€1.8m
-34.2%PE23.9x
PUS PULSION Medical Systems€21.201.0%
+€1.6m
32.5%PE11.3x
GME Geratherm Medical€3.276.5%
+€1.1m
-19.1%PE10x
NN6 NanoRepro€1.812.0%
+€441.5k
0%PS5x

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