Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.K. (FTSE) Medical Equipment Industry Analysis

UpdatedJun 12, 2026
DataAggregated Company Financials
Companies20
  • 7D-0.5%
  • 3M-9.5%
  • 1Y-9.6%
  • YTD-8.6%

Over the last 7 days, the Medical Equipment industry has remained flat, although notably Tristel gained 3.2%. As for the longer term, the industry has declined 9.6% in the last year. As for the next few years, earnings are expected to grow by 16% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 13 Jun 2026UK£15.0bUK£7.1bUK£555.7m30.4x26.9x2.1x
Mon, 11 May 2026UK£14.9bUK£7.0bUK£567.0m31.2x26.2x2.1x
Wed, 08 Apr 2026UK£15.6bUK£7.2bUK£581.4m23x26.9x2.2x
Fri, 06 Mar 2026UK£17.3bUK£7.2bUK£579.2m23.7x29.8x2.4x
Sun, 01 Feb 2026UK£16.4bUK£6.8bUK£494.9m28.9x33.1x2.4x
Tue, 30 Dec 2025UK£16.5bUK£6.8bUK£502.0m29.1x32.9x2.4x
Thu, 27 Nov 2025UK£16.7bUK£7.0bUK£505.5m27x33x2.4x
Sat, 25 Oct 2025UK£18.0bUK£6.9bUK£503.3m28.4x35.8x2.6x
Mon, 22 Sep 2025UK£17.9bUK£6.8bUK£446.6m30.8x40.1x2.6x
Wed, 20 Aug 2025UK£18.0bUK£6.8bUK£445.7m31.1x40.5x2.7x
Fri, 18 Jul 2025UK£16.2bUK£6.7bUK£368.4m43.7x43.9x2.4x
Sun, 15 Jun 2025UK£16.9bUK£6.6bUK£364.6m39x46.3x2.6x
Tue, 13 May 2025UK£16.1bUK£6.8bUK£388.0m35.5x41.5x2.4x
Thu, 10 Apr 2025UK£14.1bUK£6.9bUK£402.5m32.5x35.1x2x
Sat, 08 Mar 2025UK£16.9bUK£6.8bUK£410.3m34.2x41.1x2.5x
Mon, 03 Feb 2025UK£15.5bUK£6.9bUK£311.2m37.1x49.8x2.2x
Wed, 01 Jan 2025UK£14.6bUK£6.8bUK£307.5m34.3x47.5x2.1x
Fri, 29 Nov 2024UK£14.9bUK£6.8bUK£301.7m35.7x49.3x2.2x
Sun, 27 Oct 2024UK£15.4bUK£6.6bUK£294.2m32.3x52.3x2.3x
Tue, 24 Sep 2024UK£16.1bUK£6.5bUK£286.1m35.3x56.3x2.5x
Thu, 22 Aug 2024UK£16.8bUK£6.6bUK£294.4m39.3x56.9x2.6x
Sat, 20 Jul 2024UK£16.4bUK£6.5bUK£245.3m41.1x67x2.5x
Mon, 17 Jun 2024UK£15.4bUK£6.6bUK£260.5m38.2x59x2.3x
Wed, 15 May 2024UK£15.8bUK£6.7bUK£254.7m35.4x61.9x2.4x
Fri, 12 Apr 2024UK£15.5bUK£6.7bUK£246.1m39.3x62.9x2.3x
Sun, 10 Mar 2024UK£16.4bUK£6.5bUK£227.4m36.2x72.2x2.5x
Tue, 06 Feb 2024UK£15.8bUK£6.5bUK£149.0m51x105.7x2.4x
Thu, 04 Jan 2024UK£15.4bUK£6.5bUK£101.6m47x151.2x2.4x
Sat, 02 Dec 2023UK£14.9bUK£6.5bUK£100.8m48.9x147.9x2.3x
Mon, 30 Oct 2023UK£13.1bUK£6.7bUK£109.9m42.5x119.5x2x
Wed, 27 Sep 2023UK£14.8bUK£6.7bUK£96.4m55.1x153.9x2.2x
Fri, 25 Aug 2023UK£15.3bUK£6.5bUK£86.3m53.6x177.4x2.4x
Sun, 23 Jul 2023UK£16.3bUK£6.3bUK£83.8m60.1x194.1x2.6x
Tue, 20 Jun 2023UK£16.5bUK£6.3bUK£85.3m62.2x193.5x2.6x
Price to Earnings Ratio

193.5x


Total Market Cap: UK£16.5bTotal Earnings: UK£85.3mTotal Revenue: UK£6.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Medical Equipment Industry Price to Earnings3Y Average 71.9x202420252026
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 72.0x.
  • The 3-year average PS ratio of 2.4x is higher than the industry's current PS ratio of 2.1x.
Past Earnings Growth
  • The earnings for companies in the Medical Equipment industry have grown 87% per year over the last three years.
  • Revenues for these companies have grown 4.4% 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 Market-0.78%
Healthcare0.79%
Medical Equipment-0.51%
Medical Equipment0.0076%
Medical Supplies-1.61%
Industry PE
  • Investors are most optimistic about the Medical Supplies industry even though it's trading below its 3-year average PE ratio of 52.6x.
    • Analysts are expecting annual earnings growth of 23.0%, which is lower than the prior year's growth of 34.2% per year.
  • Investors are most pessimistic about the Medical Equipment industry, which is trading below its 3-year average of 103x.
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 34% 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
TSTL TristelUK£3.923.2%
+UK£5.8m		3.8%PE23.9x

Latest News

SN.
UK£11.33
Smith & Nephew
7D
-1.2%
1Y
3.6%
CTEC
UK£2.03
Convatec Group
7D
-0.8%
1Y
-29.5%
Narrative Update • Jun 08

CTEC: Advanced Wound Care Pipeline And Ostomy Launch Will Support Future Rerating Potential

The analyst price target for Convatec Group has been revised downward to reflect recent Street research changes, including reductions to a range of approximately £2.30 to £2.94, along with updated views on fair value, discount rate, revenue growth, profit margin and future P/E assumptions. Analyst Commentary Recent research on Convatec Group points to a more cautious stance on valuation, even as some analysts maintain a constructive view on the company’s execution and earnings potential.
OBI
UK£0.13
Ondine Biomedical
7D
-1.9%
1Y
23.8%
CREO
UK£0.13
Creo Medical Group
7D
-3.6%
1Y
-3.6%
AMS
UK£2.14
Advanced Medical Solutions Group
7D
-1.4%
1Y
-0.2%
NIOX
UK£0.58
NIOX Group
7D
-3.3%
1Y
-15.7%
AOTI
UK£0.57
AOTI
7D
-0.9%
1Y
-39.5%
EKF
UK£0.25
EKF Diagnostics Holdings
7D
-5.3%
1Y
-4.9%
TSTL
UK£3.92
Tristel
7D
3.2%
1Y
3.8%
New Narrative • Mar 19

Tristel's US Expansion Could Spark a 286% Revenue Surge

A case for buying shares in AIM: TSTL Tristel currently rests on a combination of recent share-price weakness and improving business fundamentals. The share price has fallen to around GBX 385–390p in mid-March 2026 after trading above GBX 420–430p earlier in the year, leaving it noticeably below its recent range and close to the middle of its 52-week band of roughly GBX 260p–445p.