Narrative Update • Sep 05
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German (DAX) Medical Equipment Industry Analysis
UpdatedSep 16, 2026
DataAggregated Company Financials
Companies15
- 7D-0.8%
- 3M11.6%
- 1Y-18.4%
- YTD-12.4%
Last week, the Medical Equipment industry hasn't moved much but Stratec is up 5.6% in that time. Unfortunately though, the industry is down 18% over the past 12 months. As for the next few years, earnings are expected to grow by 12% per annum.
Industry Valuation and Performance
Has the German Medical Equipment Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 16 Sep 2026 | €53.1b | €33.7b | €2.8b | 17.5x | 19.2x | 1.6x |
| Fri, 14 Aug 2026 | €53.8b | €33.7b | €2.7b | 18.5x | 20.1x | 1.6x |
| Sun, 12 Jul 2026 | €48.0b | €33.5b | €2.5b | 18.6x | 19.1x | 1.4x |
| Tue, 09 Jun 2026 | €47.6b | €33.5b | €2.5b | 18.3x | 18.9x | 1.4x |
| Thu, 07 May 2026 | €49.7b | €33.8b | €2.6b | 18.8x | 19.3x | 1.5x |
| Sat, 04 Apr 2026 | €49.3b | €33.7b | €2.6b | 16x | 19.2x | 1.5x |
| Mon, 02 Mar 2026 | €56.8b | €33.6b | €2.5b | 18.2x | 22.5x | 1.7x |
| Wed, 28 Jan 2026 | €58.5b | €33.7b | €2.6b | 17.7x | 22.8x | 1.7x |
| Fri, 26 Dec 2025 | €60.7b | €33.7b | €2.6b | 20.3x | 23.6x | 1.8x |
| Sun, 23 Nov 2025 | €58.3b | €33.7b | €2.6b | 16x | 22.2x | 1.7x |
| Tue, 21 Oct 2025 | €65.9b | €33.6b | €2.6b | 24x | 25.1x | 2x |
| Thu, 18 Sep 2025 | €60.6b | €32.0b | €2.6b | 17.7x | 23.6x | 1.9x |
| Sat, 16 Aug 2025 | €60.5b | €32.0b | €2.6b | 21.6x | 23.3x | 1.9x |
| Mon, 14 Jul 2025 | €59.9b | €31.7b | €2.5b | 22.8x | 23.8x | 1.9x |
| Wed, 11 Jun 2025 | €61.8b | €31.7b | €2.5b | 22.5x | 24.5x | 1.9x |
| Fri, 09 May 2025 | €60.9b | €31.1b | €2.4b | 26.2x | 25.4x | 2x |
| Sun, 06 Apr 2025 | €57.6b | €31.2b | €2.4b | 25.2x | 23.8x | 1.9x |
| Tue, 04 Mar 2025 | €69.5b | €31.1b | €2.4b | 30.5x | 29.4x | 2.2x |
| Thu, 30 Jan 2025 | €69.7b | €30.8b | €2.3b | 28x | 29.8x | 2.3x |
| Sat, 28 Dec 2024 | €65.6b | €30.8b | €2.3b | 25.8x | 28.1x | 2.1x |
| Mon, 25 Nov 2024 | €63.5b | €30.8b | €2.4b | 24.4x | 26.9x | 2.1x |
| Wed, 23 Oct 2024 | €66.2b | €30.5b | €2.3b | 26.2x | 28.9x | 2.2x |
| Fri, 20 Sep 2024 | €64.0b | €30.5b | €2.3b | 26.1x | 27.9x | 2.1x |
| Sun, 18 Aug 2024 | €66.3b | €30.5b | €2.3b | 27x | 28.9x | 2.2x |
| Tue, 16 Jul 2024 | €70.0b | €30.2b | €2.3b | 25.9x | 30.8x | 2.3x |
| Thu, 13 Jun 2024 | €72.4b | €30.2b | €2.3b | 28.6x | 31.9x | 2.4x |
| Sat, 11 May 2024 | €70.3b | €30.2b | €2.3b | 27.2x | 31x | 2.3x |
| Mon, 08 Apr 2024 | €74.8b | €30.2b | €2.0b | 25.8x | 37.9x | 2.5x |
| Wed, 06 Mar 2024 | €76.8b | €30.2b | €1.9b | 32.1x | 39.5x | 2.5x |
| Fri, 02 Feb 2024 | €72.9b | €30.1b | €1.9b | 32.7x | 37.8x | 2.4x |
| Sun, 31 Dec 2023 | €70.8b | €30.1b | €1.9b | 31x | 36.7x | 2.4x |
| Tue, 28 Nov 2023 | €68.2b | €30.0b | €1.9b | 29.5x | 35x | 2.3x |
| Thu, 26 Oct 2023 | €67.7b | €29.9b | €2.0b | 25.8x | 33.9x | 2.3x |
| Sat, 23 Sep 2023 | €63.3b | €29.9b | €2.0b | 26.3x | 31.7x | 2.1x |
Price to Earnings Ratio
31.7x
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 19.2x which is lower than its 3-year average PE of 27.2x.
- The 3-year average PS ratio of 2.0x is higher than the industry's current PS ratio of 1.6x.
Past Earnings Growth
- The earnings for companies in the Medical Equipment industry have grown 11% per year over the last three years.
- Revenues for these companies have grown 4.1% 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 | -2.30% | |
| Healthcare | -1.01% | |
| Medical Equipment | -0.81% | |
| Medical Equipment | -0.81% | |
| Medical Supplies | -1.04% | |
Industry PE
- Investors are most optimistic about the Medical Equipment industry even though it's trading below its 3-year average PE ratio of 27.4x.
- Analysts are expecting annual earnings growth of 12.0%, which is lower than the prior year's growth of 19.8% per year.
- Investors are most pessimistic about the Medical Supplies industry, which is trading below its 3-year average of 24.7x.
Forecasted Growth
- Analysts are most optimistic on the Medical Equipment industry, expecting annual earnings growth of 12% over the next 5 years.
- However this is lower than its past earnings growth rate of 20% per year.
- In contrast, the Medical Supplies industry is expected to see its earnings decline by 12% 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 | |
|---|---|---|---|---|---|
| SBS Stratec | €24.90 | 0.6% +€1.8m | -9.8% | PS1.2x | |
| R0Z Redsense Medical | €0.28 | 28.2% +€1.0m | -35.0% | PS1.9x |