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

U.K. (FTSE) Medical Equipment Industry Analysis

UpdatedMar 12, 2026
DataAggregated Company Financials
Companies20
  • 7D-5.4%
  • 3M2.4%
  • 1Y4.4%
  • YTD0.7%

Over the last 7 days, the Medical Equipment industry has dropped 5.6%, driven by a pullback from Smith & Nephew of 9.4%. As for the longer term, the industry's performance has been flat for the past year. Looking forward, earnings are forecast to grow by 16% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 12 Mar 2026UK£16.5bUK£7.1bUK£574.7m22.7x28.7x2.3x
Sat, 07 Feb 2026UK£16.5bUK£6.8bUK£497.9m28.7x33.2x2.4x
Mon, 05 Jan 2026UK£16.4bUK£6.9bUK£503.5m28.7x32.5x2.4x
Wed, 03 Dec 2025UK£16.3bUK£7.0bUK£507.1m26.9x32.2x2.3x
Fri, 31 Oct 2025UK£17.8bUK£7.0bUK£509.6m27.6x34.9x2.5x
Sun, 28 Sep 2025UK£17.3bUK£6.9bUK£492.9m28.4x35.2x2.5x
Tue, 26 Aug 2025UK£18.4bUK£6.8bUK£444.6m32.1x41.4x2.7x
Thu, 24 Jul 2025UK£16.5bUK£6.6bUK£363.3m43.3x45.4x2.5x
Sat, 21 Jun 2025UK£16.6bUK£6.7bUK£368.5m40.2x45.2x2.5x
Mon, 19 May 2025UK£16.4bUK£6.8bUK£382.2m35.3x42.9x2.4x
Wed, 16 Apr 2025UK£15.2bUK£6.7bUK£387.8m35.3x39.2x2.3x
Fri, 14 Mar 2025UK£16.1bUK£6.8bUK£409.3m32.9x39.4x2.4x
Sun, 09 Feb 2025UK£15.0bUK£6.9bUK£310.9m37.4x48.3x2.2x
Tue, 07 Jan 2025UK£14.6bUK£6.8bUK£307.7m36.2x47.4x2.1x
Thu, 05 Dec 2024UK£14.8bUK£6.7bUK£301.2m35.8x49.1x2.2x
Sat, 02 Nov 2024UK£14.4bUK£6.6bUK£295.2m33.3x48.7x2.2x
Mon, 30 Sep 2024UK£16.4bUK£6.4bUK£287.3m36.2x57.2x2.6x
Wed, 28 Aug 2024UK£16.7bUK£6.5bUK£290.2m39.4x57.6x2.6x
Fri, 26 Jul 2024UK£16.5bUK£6.6bUK£247.0m42.8x66.8x2.5x
Sun, 23 Jun 2024UK£15.2bUK£6.7bUK£261.5m38.3x58.3x2.3x
Tue, 21 May 2024UK£15.7bUK£6.6bUK£255.4m34.6x61.3x2.4x
Thu, 18 Apr 2024UK£15.2bUK£6.7bUK£248.8m38.1x61.1x2.3x
Sat, 16 Mar 2024UK£16.3bUK£6.6bUK£227.3m37x71.6x2.5x
Mon, 12 Feb 2024UK£15.6bUK£6.4bUK£147.4m47.9x105.6x2.4x
Wed, 10 Jan 2024UK£15.8bUK£6.4bUK£100.4m47.6x157.8x2.5x
Fri, 08 Dec 2023UK£14.8bUK£6.5bUK£102.5m46.5x144.6x2.3x
Sun, 05 Nov 2023UK£14.2bUK£6.6bUK£105.5m42x134.2x2.1x
Tue, 03 Oct 2023UK£14.7bUK£6.7bUK£94.6m54x154.9x2.2x
Thu, 31 Aug 2023UK£15.5bUK£6.4bUK£84.9m54.7x182.8x2.4x
Sat, 29 Jul 2023UK£16.0bUK£6.3bUK£83.5m59.8x192.1x2.6x
Mon, 26 Jun 2023UK£16.5bUK£6.3bUK£86.4m61.5x191x2.6x
Wed, 24 May 2023UK£16.9bUK£6.5bUK£89.9m61.6x187.6x2.6x
Fri, 21 Apr 2023UK£16.8bUK£6.5bUK£77.4m46.7x216.8x2.6x
Sun, 19 Mar 2023UK£16.1bUK£6.6bUK£98.9m24x163.2x2.4x
Price to Earnings Ratio

163.2x


Total Market Cap: UK£16.1bTotal Earnings: UK£98.9mTotal Revenue: UK£6.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Medical Equipment Industry Price to Earnings3Y Average 86.4x202420252026
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 28.8x which is lower than its 3-year average PE of 86.5x.
  • 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 80% per year over the last three years.
  • Revenues for these companies have grown 2.5% 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-2.07%
Healthcare-3.73%
Medical Equipment-5.41%
Medical Supplies-2.75%
Medical Equipment-6.63%
Industry PE
  • Investors are most optimistic about the Medical Supplies industry even though it's trading below its 3-year average PE ratio of 58.8x.
    • Analysts are expecting annual earnings growth of 22.4%, which is higher than its past year's earnings growth of 10.0% per year.
  • Investors are most pessimistic about the Medical Equipment industry, which is trading below its 3-year average of 129x.
Forecasted Growth
  • Analysts are most optimistic on the Medical Supplies industry, expecting annual earnings growth of 22% over the next 5 years.
  • This is better than its past earnings growth rate of 10% 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
ABDX Abingdon HealthUK£0.0818.5%
+UK£5.4m		18.5%PS4.1x
OBI Ondine BiomedicalUK£0.117.3%
+UK£3.9m		7.3%PS47.3x
IHC Inspiration Healthcare GroupUK£0.259.1%
+UK£1.9m		46.1%PS0.5x

Latest News

OBI
UK£0.11
Ondine Biomedical
7D
7.3%
1Y
7.3%
SN.
UK£12.44
Smith & Nephew
7D
-6.9%
1Y
13.5%
CLBX
UK£0.0095
CelLBxHealth
7D
-2.6%
1Y
-90.3%

CLBX: Cost Discipline And Refocused Resources Will Support Oncology Upside

Analysts have modestly raised their price target on CelLBxHealth, citing an unchanged intrinsic value estimate of about £0.07 per share, slightly higher assumed discount rates, a marginally higher future P/E expectation, and a small reduction in projected profit margins. What's in the News CelLBxHealth plc decided to discontinue maintenance of its FDA establishment license and device listing for the Parsortix system, aligning regulatory obligations with current operational and commercial priorities (Key Developments).
EKF
UK£0.26
EKF Diagnostics Holdings
7D
-2.8%
1Y
36.0%
ABDX
UK£0.08
Abingdon Health
7D
18.5%
1Y
18.5%
CTEC
UK£2.36
Convatec Group
7D
-2.9%
1Y
-9.2%
AOTI
UK£0.34
AOTI
7D
-8.2%
1Y
-67.3%
IHC
UK£0.25
Inspiration Healthcare Group
7D
9.1%
1Y
46.1%
AMS
UK£1.92
Advanced Medical Solutions Group
7D
-4.6%
1Y
-5.7%
FORF
UK£0.075
Fortis Frontier
7D
-3.2%
1Y
-52.4%
NIOX
UK£0.62
NIOX Group
7D
-1.9%
1Y
-0.6%