Carl Zeiss Meditec (ETR:AFX) Seems To Use Debt Quite Sensibly
Jan 05
Have your own idea? Try our Stock Screener
German (DAX) Medical Equipment Industry Analysis
UpdatedJan 07, 2026
DataAggregated Company Financials
Companies14
- 7D3.1%
- 3M-4.9%
- 1Y-10.5%
- YTD4.7%
Over the last 7 days, the Medical Equipment industry has risen 3.1%, driven by gains from Siemens Healthineers of 2.6%. In contrast, the industry has lost 11% in the last 12 months. Looking forward, earnings are forecast to grow by 14% annually.
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 |
|---|---|---|---|---|---|---|
| Thu, 08 Jan 2026 | €63.1b | €33.7b | €2.6b | 21x | 24.5x | 1.9x |
| Sat, 06 Dec 2025 | €60.3b | €33.7b | €2.6b | 20.4x | 23.4x | 1.8x |
| Mon, 03 Nov 2025 | €66.1b | €33.7b | €2.6b | 19.6x | 25x | 2x |
| Wed, 01 Oct 2025 | €59.0b | €32.0b | €2.6b | 17.7x | 23x | 1.8x |
| Fri, 29 Aug 2025 | €60.7b | €32.0b | €2.6b | 23.3x | 23.6x | 1.9x |
| Sun, 27 Jul 2025 | €62.0b | €31.7b | €2.5b | 23.9x | 24.6x | 2x |
| Tue, 24 Jun 2025 | €60.7b | €31.7b | €2.5b | 21.5x | 24.1x | 1.9x |
| Thu, 22 May 2025 | €63.7b | €31.7b | €2.5b | 21.5x | 25.3x | 2x |
| Sat, 19 Apr 2025 | €58.3b | €31.2b | €2.4b | 26.7x | 24.2x | 1.9x |
| Mon, 17 Mar 2025 | €67.7b | €31.1b | €2.4b | 29.5x | 28.7x | 2.2x |
| Wed, 12 Feb 2025 | €73.7b | €31.1b | €2.4b | 28.7x | 30.9x | 2.4x |
| Fri, 10 Jan 2025 | €64.5b | €30.8b | €2.3b | 26.2x | 27.6x | 2.1x |
| Sun, 08 Dec 2024 | €66.0b | €30.8b | €2.4b | 26.5x | 27.9x | 2.1x |
| Tue, 05 Nov 2024 | €61.6b | €30.5b | €2.3b | 24.8x | 26.9x | 2x |
| Thu, 03 Oct 2024 | €68.5b | €30.5b | €2.3b | 26.2x | 29.9x | 2.2x |
| Sat, 31 Aug 2024 | €67.8b | €30.5b | €2.3b | 25.4x | 29.6x | 2.2x |
| Mon, 29 Jul 2024 | €68.2b | €30.2b | €2.3b | 25.7x | 29.8x | 2.3x |
| Wed, 26 Jun 2024 | €69.1b | €30.2b | €2.3b | 25.9x | 30.4x | 2.3x |
| Fri, 24 May 2024 | €71.5b | €30.2b | €2.3b | 28.3x | 31.5x | 2.4x |
| Sun, 21 Apr 2024 | €68.4b | €30.2b | €2.0b | 24.9x | 34.7x | 2.3x |
| Tue, 19 Mar 2024 | €75.8b | €30.2b | €2.0b | 30.7x | 38.6x | 2.5x |
| Thu, 15 Feb 2024 | €73.1b | €30.2b | €1.9b | 33.6x | 37.5x | 2.4x |
| Sat, 13 Jan 2024 | €71.9b | €30.1b | €1.9b | 31.5x | 37.3x | 2.4x |
| Mon, 11 Dec 2023 | €69.7b | €30.0b | €1.9b | 28.9x | 35.8x | 2.3x |
| Wed, 08 Nov 2023 | €64.3b | €30.0b | €2.0b | 28.9x | 31.5x | 2.1x |
| Fri, 06 Oct 2023 | €68.8b | €29.9b | €2.0b | 27.1x | 34.4x | 2.3x |
| Sun, 03 Sep 2023 | €62.5b | €29.9b | €2.0b | 29x | 31.3x | 2.1x |
| Tue, 01 Aug 2023 | €71.7b | €29.8b | €1.9b | 29.6x | 37.8x | 2.4x |
| Thu, 29 Jun 2023 | €68.0b | €29.7b | €1.8b | 29.4x | 37x | 2.3x |
| Sat, 27 May 2023 | €73.1b | €29.7b | €1.8b | 33.9x | 39.8x | 2.5x |
| Mon, 24 Apr 2023 | €77.0b | €29.7b | €2.3b | 25.9x | 33.3x | 2.6x |
| Wed, 22 Mar 2023 | €71.8b | €29.6b | €2.3b | 28x | 30.6x | 2.4x |
| Fri, 17 Feb 2023 | €72.8b | €29.5b | €2.3b | 28.2x | 32.3x | 2.5x |
| Sun, 15 Jan 2023 | €71.6b | €29.5b | €2.3b | 27.4x | 31.3x | 2.4x |
Price to Earnings Ratio
31.3x
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 24.5x which is lower than its 3-year average PE of 30.4x.
- The 3-year average PS ratio of 2.2x is higher than the industry's current PS ratio of 1.9x.
Past Earnings Growth
- The earnings for companies in the Medical Equipment industry have grown 4.0% per year over the last three years.
- Revenues for these companies have grown 4.6% 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 | 1.54% | |
| Healthcare | 2.45% | |
| Medical Equipment | 3.09% | |
| Medical Equipment | 3.10% | |
| Medical Supplies | 2.37% | |
Industry PE
- Investors are most optimistic about the Medical Equipment industry even though it's trading below its 3-year average PE ratio of 30.6x.
- Analysts are expecting annual earnings growth of 13.6%, which is higher than its past year's earnings growth of 11.8% 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 14% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Medical Equipment industry is expected to see its earnings grow by 14% 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 | |
|---|---|---|---|---|---|
| SHL Siemens Healthineers | €46.19 | 2.8% +€1.4b | -10.5% | PE24x | |
| OBCK Ottobock SE KGaA | €71.75 | 10.0% +€415.9m | n/a | PE77.6x | |
| AFX Carl Zeiss Meditec | €42.64 | 6.6% +€231.1m | -8.3% | PE26.4x | |
| EUZ Eckert & Ziegler | €15.79 | 3.5% +€33.2m | -4.0% | PE24.3x | |
| PTP Pentixapharm Holding | €1.97 | 32.9% +€12.1m | -33.3% | PS32.1x |
