Investors Still Aren't Entirely Convinced By PULSION Medical Systems SE's (MUN:PUS) Earnings Despite 26% Price Jump
May 21
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German (DAX) Medical Equipment Industry Analysis
UpdatedMay 21, 2025
DataAggregated Company Financials
Companies11
- 7D-0.3%
- 3M-10.2%
- 1Y-10.3%
- YTDn/a
Last week, the Medical Equipment industry hasn't moved much but Eckert & Ziegler is up 10% in that time. As for the longer term, the industry has declined 10% in the last year. 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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 21 May 2025 | €63.1b | €29.3b | €2.4b | 23.4x | 26x | 2.2x |
| Fri, 18 Apr 2025 | €57.5b | €28.7b | €2.3b | 27.2x | 24.8x | 2x |
| Sun, 16 Mar 2025 | €66.8b | €28.7b | €2.3b | 31.3x | 29x | 2.3x |
| Tue, 11 Feb 2025 | €72.1b | €28.7b | €2.3b | 30.2x | 31x | 2.5x |
| Thu, 09 Jan 2025 | €64.3b | €28.4b | €2.3b | 27.4x | 28.2x | 2.3x |
| Sat, 07 Dec 2024 | €65.1b | €28.4b | €2.3b | 27x | 28.3x | 2.3x |
| Mon, 04 Nov 2024 | €61.3b | €28.1b | €2.2b | 25.3x | 27.6x | 2.2x |
| Wed, 02 Oct 2024 | €67.8b | €28.1b | €2.2b | 27.7x | 30.4x | 2.4x |
| Fri, 30 Aug 2024 | €67.1b | €28.1b | €2.2b | 27.3x | 30.1x | 2.4x |
| Sun, 28 Jul 2024 | €67.5b | €27.9b | €2.3b | 26.7x | 29.8x | 2.4x |
| Tue, 25 Jun 2024 | €68.3b | €27.9b | €2.2b | 26.9x | 30.4x | 2.5x |
| Thu, 23 May 2024 | €71.3b | €27.9b | €2.2b | 28.5x | 31.8x | 2.6x |
| Sat, 20 Apr 2024 | €68.1b | €27.8b | €1.9b | 24.1x | 35x | 2.4x |
| Mon, 18 Mar 2024 | €75.5b | €27.8b | €1.9b | 29.8x | 38.8x | 2.7x |
| Wed, 14 Feb 2024 | €72.5b | €27.8b | €1.9b | 33x | 37.6x | 2.6x |
| Fri, 12 Jan 2024 | €70.1b | €27.7b | €1.9b | 31.7x | 36.7x | 2.5x |
| Sun, 10 Dec 2023 | €69.0b | €27.7b | €1.9b | 27.8x | 35.8x | 2.5x |
| Tue, 07 Nov 2023 | €63.2b | €27.6b | €2.0b | 30.3x | 31.3x | 2.3x |
| Thu, 05 Oct 2023 | €63.1b | €27.6b | €2.0b | 26.2x | 31.9x | 2.3x |
| Sat, 02 Sep 2023 | €61.8b | €27.6b | €2.0b | 26.6x | 31.3x | 2.2x |
| Mon, 31 Jul 2023 | €70.6b | €27.5b | €1.9b | 31.6x | 37.9x | 2.6x |
| Wed, 28 Jun 2023 | €68.2b | €27.4b | €1.8b | 31.1x | 37.9x | 2.5x |
| Fri, 26 May 2023 | €71.0b | €27.4b | €1.8b | 34.4x | 39.5x | 2.6x |
| Sun, 23 Apr 2023 | €76.3b | €27.4b | €2.3b | 28.6x | 33.5x | 2.8x |
| Tue, 21 Mar 2023 | €71.7b | €27.3b | €2.3b | 28.4x | 31.4x | 2.6x |
| Thu, 16 Feb 2023 | €72.9b | €27.3b | €2.2b | 31.8x | 33.1x | 2.7x |
| Sat, 14 Jan 2023 | €70.8b | €27.2b | €2.2b | 32.3x | 31.7x | 2.6x |
| Mon, 12 Dec 2022 | €69.8b | €27.2b | €2.2b | 31.3x | 31.3x | 2.6x |
| Wed, 09 Nov 2022 | €64.9b | €26.2b | €2.0b | 29.5x | 32.2x | 2.5x |
| Fri, 07 Oct 2022 | €64.1b | €26.3b | €2.1b | 28.2x | 30.8x | 2.4x |
| Sun, 04 Sep 2022 | €68.9b | €26.4b | €2.1b | 29.4x | 32.7x | 2.6x |
| Tue, 02 Aug 2022 | €101.0b | €30.0b | €2.7b | 31.4x | 38x | 3.4x |
| Thu, 30 Jun 2022 | €88.3b | €30.0b | €2.7b | 27.7x | 32.3x | 2.9x |
| Sat, 28 May 2022 | €101.8b | €29.9b | €2.7b | 32.8x | 37.7x | 3.4x |
Price to Earnings Ratio
37.7x
Current Industry PE
- Investors are pessimistic on the German Healthcare 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 26.0x which is lower than its 3-year average PE of 32.5x.
- The 3-year average PS ratio of 2.5x is higher than the industry's current PS ratio of 2.2x.
Past Earnings Growth
- The earnings for companies in the Healthcare Equipment industry have declined 3.5% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Comparison
How does German Medical Equipment compare with similar industries?
| DE Market | 1.07% | |
| Healthcare | -1.64% | |
| Medical Equipment | -0.30% | |
| Medical Equipment | -0.29% | |
| Medical Supplies | -0.57% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
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 | €48.80 | 1.3% +€725.4m | -9.6% | PE26.1x | |
| SBS Stratec | €28.40 | 17.4% +€51.1m | -37.3% | PE21.5x | |
| PUS PULSION Medical Systems | €20.60 | 28.7% +€37.9m | 18.4% | PE11x | |
| EUZ Eckert & Ziegler | €64.10 | 2.6% +€34.4m | 38.9% | PE32.8x | |
| GME Geratherm Medical | €3.34 | 3.4% +€591.7k | -23.4% | PS1x |
