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U.K. (FTSE) Medical Equipment Industry Analysis

UpdatedJul 27, 2026
DataAggregated Company Financials
Companies20
  • 7D-0.2%
  • 3M-1.8%
  • 1Y-3.3%
  • YTD-5.2%

The Medical Equipment is pretty flat in the last 7 days, but Tristel has stood out, gaining 18%. Unfortunately though, the industry is down 3.3% over the past 12 months. As for the next few years, earnings are expected to grow by 17% per annum.

Industry Valuation and Performance

Has the U.K. Medical Equipment Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 28 Jul 2026UK£15.5bUK£7.2bUK£575.0m38.2x26.9x2.2x
Thu, 25 Jun 2026UK£15.4bUK£7.3bUK£579.1m31.4x26.5x2.1x
Sat, 23 May 2026UK£15.0bUK£7.1bUK£558.9m30.9x26.9x2.1x
Mon, 20 Apr 2026UK£16.9bUK£7.1bUK£571.1m23.6x29.6x2.4x
Wed, 18 Mar 2026UK£16.5bUK£7.1bUK£577.7m22.7x28.6x2.3x
Fri, 13 Feb 2026UK£16.8bUK£6.8bUK£496.8m29.2x33.9x2.5x
Sun, 11 Jan 2026UK£16.8bUK£6.9bUK£505.6m29.4x33.3x2.4x
Tue, 09 Dec 2025UK£16.5bUK£6.9bUK£501.7m26.7x32.8x2.4x
Thu, 06 Nov 2025UK£17.9bUK£7.1bUK£513.6m27.6x34.9x2.5x
Sat, 04 Oct 2025UK£17.8bUK£6.8bUK£492.7m29.1x36.2x2.6x
Mon, 01 Sep 2025UK£18.3bUK£6.8bUK£444.7m31.6x41.1x2.7x
Wed, 30 Jul 2025UK£16.7bUK£6.8bUK£390.0m42.4x42.8x2.5x
Fri, 27 Jun 2025UK£17.0bUK£6.5bUK£359.6m45.9x47.2x2.6x
Sun, 25 May 2025UK£16.5bUK£6.6bUK£368.6m36.8x44.7x2.5x
Tue, 22 Apr 2025UK£15.0bUK£6.7bUK£385.7m34.7x38.9x2.2x
Thu, 20 Mar 2025UK£16.1bUK£6.8bUK£403.4m32.9x39.9x2.3x
Sat, 15 Feb 2025UK£15.4bUK£6.8bUK£305.5m37.7x50.3x2.3x
Mon, 13 Jan 2025UK£14.6bUK£7.0bUK£316.5m35.3x46.1x2.1x
Wed, 11 Dec 2024UK£14.9bUK£6.7bUK£300.0m36.2x49.6x2.2x
Fri, 08 Nov 2024UK£14.0bUK£6.6bUK£293.6m33.3x47.8x2.1x
Sun, 06 Oct 2024UK£16.0bUK£6.5bUK£288.5m34.8x55.3x2.4x
Tue, 03 Sep 2024UK£16.7bUK£6.5bUK£293.0m39.6x57x2.6x
Thu, 01 Aug 2024UK£16.3bUK£6.6bUK£267.5m39.4x60.8x2.5x
Sat, 29 Jun 2024UK£15.0bUK£6.7bUK£249.1m38.6x60.1x2.2x
Mon, 27 May 2024UK£15.2bUK£6.6bUK£254.7m33.3x59.6x2.3x
Wed, 24 Apr 2024UK£15.6bUK£6.7bUK£248.4m38.2x62.6x2.3x
Fri, 22 Mar 2024UK£16.0bUK£6.6bUK£244.2m39.6x65.6x2.4x
Sun, 18 Feb 2024UK£15.9bUK£6.4bUK£147.9m47.9x107.5x2.5x
Tue, 16 Jan 2024UK£15.7bUK£6.4bUK£100.3m44.9x156.5x2.4x
Thu, 14 Dec 2023UK£15.3bUK£6.5bUK£103.3m46.8x148x2.3x
Sat, 11 Nov 2023UK£14.1bUK£6.7bUK£108.4m42.5x130.4x2.1x
Mon, 09 Oct 2023UK£14.0bUK£6.7bUK£91.8m47.2x152.5x2.1x
Wed, 06 Sep 2023UK£15.0bUK£6.5bUK£87.1m52.2x171.6x2.3x
Fri, 04 Aug 2023UK£15.7bUK£6.4bUK£87.5m57.1x179.9x2.4x
Price to Earnings Ratio

179.9x


Total Market Cap: UK£15.7bTotal Earnings: UK£87.5mTotal Revenue: UK£6.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Medical Equipment Industry Price to Earnings3Y Average 65.1x202420252026
Current Industry PE
  • Investors are pessimistic on the British 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 26.9x which is lower than its 3-year average PE of 65.3x.
  • The industry is trading close to its 3-year average PS ratio of 2.4x.
Past Earnings Growth
  • The earnings for companies in the Medical Equipment industry have grown 88% per year over the last three years.
  • Revenues for these companies have grown 4.3% 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 U.K. Healthcare industry?

GB Market1.20%
Healthcare0.051%
Medical Equipment-0.17%
Medical Supplies0.37%
Medical Equipment-0.45%
Industry PE
  • Investors are most optimistic about the Medical Supplies industry even though it's trading below its 3-year average PE ratio of 49.5x.
    • Analysts are expecting annual earnings growth of 22.7%, which is lower than the prior year's growth of 40.3% per year.
  • Investors are most pessimistic about the Medical Equipment industry, which is trading below its 3-year average of 91.7x.
Forecasted Growth
  • Analysts are most optimistic on the Medical Supplies industry, expecting annual earnings growth of 23% over the next 5 years.
  • However this is lower than its past earnings growth rate of 40% 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
SN. Smith & NephewUK£11.622.1%
+UK£201.9m		-0.8%PE20.8x
CTEC Convatec GroupUK£2.200.9%
+UK£39.1m		-7.8%PE32.7x
AOTI AOTIUK£0.9747.7%
+UK£33.5m		62.5%PE51.7x
NIOX NIOX GroupUK£0.659.1%
+UK£22.7m		-5.8%PE38.8x
TSTL TristelUK£4.128.4%
+UK£15.4m		9.9%PE25.1x

Latest News

AOTI
UK£0.97
AOTI
7D
47.7%
1Y
62.5%
TSTL
UK£4.12
Tristel
7D
8.4%
1Y
9.9%
CREO
UK£0.14
Creo Medical Group
7D
-0.9%
1Y
-1.8%
SN.
UK£11.62
Smith & Nephew
7D
2.1%
1Y
-0.8%
AMS
UK£2.81
Advanced Medical Solutions Group
7D
-0.2%
1Y
37.8%
SPEC
UK£0.96
INSPECS Group
7D
-1.0%
1Y
123.3%
CTEC
UK£2.20
Convatec Group
7D
0.9%
1Y
-7.8%
OBI
UK£0.14
Ondine Biomedical
7D
-0.7%
1Y
9.0%
RUA
UK£0.24
RUA Life Sciences
7D
2.1%
1Y
108.5%
CNSL
UK£0.018
Cambridge Nutritional Sciences
7D
-2.8%
1Y
-53.3%
NIOX
UK£0.65
NIOX Group
7D
9.1%
1Y
-5.8%
ABDX
UK£0.099
Abingdon Health
7D
1.0%
1Y
57.6%
EKF
UK£0.26
EKF Diagnostics Holdings
7D
1.6%
1Y
-8.9%