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German (DAX) Medical Equipment Industry Analysis

UpdatedAug 17, 2025
DataAggregated Company Financials
Companies15
  • 7D1.1%
  • 3M-6.4%
  • 1Y-12.1%
  • YTD-6.7%

Over the last 7 days, the Medical Equipment industry has risen 1.1%, driven by gains from Siemens Healthineers of 1.4%. In the same time, Eckert & Ziegler was down 6.0%. In the past year, the industry is down 12%. 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
Sun, 17 Aug 2025€60.5b€32.0b€2.6b21.6x23.6x1.9x
Tue, 15 Jul 2025€59.8b€31.7b€2.5b22.6x23.8x1.9x
Thu, 12 Jun 2025€61.6b€31.7b€2.5b22.3x24.5x1.9x
Sat, 10 May 2025€61.6b€31.6b€2.5b26.2x24.6x1.9x
Mon, 07 Apr 2025€57.6b€31.2b€2.4b25.2x23.8x1.9x
Wed, 05 Mar 2025€67.4b€31.1b€2.4b29.5x28.5x2.2x
Fri, 31 Jan 2025€69.7b€30.8b€2.3b28.8x29.8x2.3x
Sun, 29 Dec 2024€65.6b€30.8b€2.3b25.8x28.1x2.1x
Tue, 26 Nov 2024€64.7b€30.8b€2.4b25.4x27.4x2.1x
Thu, 24 Oct 2024€66.3b€30.5b€2.3b26.2x28.9x2.2x
Sat, 21 Sep 2024€61.9b€30.5b€2.3b24.8x27x2x
Mon, 19 Aug 2024€66.3b€30.5b€2.3b27x28.9x2.2x
Wed, 17 Jul 2024€69.1b€30.2b€2.3b25.8x30.4x2.3x
Fri, 14 Jun 2024€72.4b€30.2b€2.3b28x31.9x2.4x
Sun, 12 May 2024€70.3b€30.2b€2.3b27.2x31x2.3x
Tue, 09 Apr 2024€74.6b€30.2b€2.0b26.3x37.8x2.5x
Thu, 07 Mar 2024€76.9b€30.2b€1.9b32.1x39.5x2.6x
Sat, 03 Feb 2024€71.0b€30.2b€1.9b33x36.6x2.4x
Mon, 01 Jan 2024€70.8b€30.1b€1.9b31x36.7x2.4x
Wed, 29 Nov 2023€68.0b€30.0b€1.9b29.3x34.9x2.3x
Fri, 27 Oct 2023€65.5b€29.9b€2.0b25.7x32.8x2.2x
Sun, 24 Sep 2023€63.3b€29.9b€2.0b26.3x31.7x2.1x
Tue, 22 Aug 2023€61.9b€29.9b€2.0b28.7x31x2.1x
Thu, 20 Jul 2023€69.6b€29.7b€1.8b32.2x37.9x2.3x
Sat, 17 Jun 2023€72.5b€29.7b€1.8b32.7x39.5x2.4x
Mon, 15 May 2023€73.8b€29.8b€2.3b30.2x31.9x2.5x
Wed, 12 Apr 2023€75.8b€29.7b€2.3b26.3x32.6x2.6x
Fri, 10 Mar 2023€73.4b€29.5b€2.3b28.7x32.5x2.5x
Sun, 05 Feb 2023€77.2b€29.5b€2.3b29.7x33.7x2.6x
Tue, 03 Jan 2023€65.8b€29.5b€2.3b26.4x28.7x2.2x
Thu, 01 Dec 2022€72.1b€29.3b€2.2b27.8x32.2x2.5x
Sat, 29 Oct 2022€66.3b€28.5b€2.1b28.7x32x2.3x
Mon, 26 Sep 2022€59.1b€28.6b€2.2b25.5x27.3x2.1x
Wed, 24 Aug 2022€97.3b€32.5b€2.7b30.7x36.7x3x
Price to Earnings Ratio

36.7x


Total Market Cap: €97.3bTotal Earnings: €2.7bTotal Revenue: €32.5bTotal Market Cap vs Earnings and Revenue0%0%0%
German Medical Equipment Industry Price to Earnings3Y Average 31.4x202320242025
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 23.6x which is lower than its 3-year average PE of 31.4x.
  • The 3-year average PS ratio of 2.3x is higher than the industry's current PS ratio of 1.9x.
Past Earnings Growth
  • Both revenue and earnings for companies in the Medical Equipment industry have remained mostly flat over the last three years.
  • This means that sales and the cost of doing business have remained relatively consistent over this period and subsequently, so have profits.

Industry Trends

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

DE Market0.16%
Healthcare3.08%
Medical Equipment1.06%
Medical Equipment1.19%
Medical Supplies-6.17%
Industry PE
  • Investors are most optimistic about the Medical Equipment industry even though it's trading below its 3-year average PE ratio of 31.6x.
    • Analysts are expecting annual earnings growth of 12.7%, which is higher than its past year's earnings growth of 4.2% per year.
  • Investors are most pessimistic about the Medical Supplies industry, which is trading below its 3-year average of 25.5x.
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 growth rate of 4.2% 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
SHL Siemens Healthineers€47.071.4%
+€705.3m
-8.6%PE24.1x
AFX Carl Zeiss Meditec€44.102.5%
+€92.8m
-29.9%PE25.7x
NN6 NanoRepro€1.612.6%
+€504.5k
-11.1%PS4.5x

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