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U.K. (FTSE) Medical Equipment Industry Analysis

UpdatedSep 25, 2025
DataAggregated Company Financials
Companies22
  • 7D-1.7%
  • 3M5.2%
  • 1Y10.8%
  • YTD21.8%

Over the last 7 days, the Medical Equipment industry has dropped 1.7%, driven by Smith & Nephew declining 2.7%. Meanwhile, Advanced Medical Solutions Group actually outperformed within the industry, gaining 7.5% in the last week. This takes the industry's 12 month performance to a gain of 11%. 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, 25 Sep 2025UK£17.7bUK£6.9bUK£481.2m28.9x36.7x2.6x
Sat, 23 Aug 2025UK£18.4bUK£6.8bUK£444.5m32.1x41.5x2.7x
Mon, 21 Jul 2025UK£16.1bUK£6.7bUK£368.6m43.5x43.8x2.4x
Wed, 18 Jun 2025UK£16.7bUK£6.7bUK£369.1m40x45.2x2.5x
Fri, 16 May 2025UK£16.3bUK£6.8bUK£381.3m35.3x42.8x2.4x
Sun, 13 Apr 2025UK£14.8bUK£6.8bUK£392.7m34.3x37.6x2.2x
Tue, 11 Mar 2025UK£16.9bUK£6.9bUK£411.6m34.1x41.1x2.5x
Thu, 06 Feb 2025UK£15.4bUK£6.8bUK£308.0m38.5x49.9x2.2x
Sat, 04 Jan 2025UK£14.5bUK£6.9bUK£310.8m33.6x46.5x2.1x
Mon, 02 Dec 2024UK£15.0bUK£6.7bUK£300.2m36.3x49.9x2.2x
Wed, 30 Oct 2024UK£15.5bUK£6.6bUK£293.0m32.7x52.9x2.4x
Fri, 27 Sep 2024UK£16.1bUK£6.4bUK£286.3m36.2x56.1x2.5x
Sun, 25 Aug 2024UK£16.7bUK£6.5bUK£291.5m39.5x57.4x2.6x
Tue, 23 Jul 2024UK£16.3bUK£6.5bUK£244.9m42.8x66.8x2.5x
Thu, 20 Jun 2024UK£15.2bUK£6.6bUK£259.9m37.8x58.6x2.3x
Sat, 18 May 2024UK£15.7bUK£6.6bUK£255.4m34.6x61.3x2.4x
Mon, 15 Apr 2024UK£15.3bUK£6.7bUK£248.8m38.7x61.3x2.3x
Wed, 13 Mar 2024UK£16.4bUK£6.6bUK£228.6m37x71.8x2.5x
Fri, 09 Feb 2024UK£15.6bUK£6.4bUK£147.6m47.9x105.5x2.4x
Sun, 07 Jan 2024UK£15.4bUK£6.4bUK£100.4m47.8x153.8x2.4x
Tue, 05 Dec 2023UK£14.9bUK£6.5bUK£101.6m49.4x146.3x2.3x
Thu, 02 Nov 2023UK£13.5bUK£6.7bUK£109.8m42.5x122.6x2x
Sat, 30 Sep 2023UK£14.7bUK£6.7bUK£93.1m55.9x157.4x2.2x
Mon, 28 Aug 2023UK£15.3bUK£6.5bUK£87.0m53.3x176.1x2.4x
Wed, 26 Jul 2023UK£16.1bUK£6.2bUK£83.5m60.1x192.8x2.6x
Fri, 23 Jun 2023UK£16.3bUK£6.3bUK£85.9m61x190.1x2.6x
Sun, 21 May 2023UK£17.2bUK£6.4bUK£89.5m62.4x192.5x2.7x
Tue, 18 Apr 2023UK£16.4bUK£6.5bUK£78.5m47x208.6x2.5x
Thu, 16 Mar 2023UK£16.2bUK£6.7bUK£98.4m29.2x164.4x2.4x
Sat, 11 Feb 2023UK£16.3bUK£6.7bUK£334.8m24.3x48.6x2.4x
Mon, 09 Jan 2023UK£16.6bUK£6.6bUK£333.7m24.7x49.7x2.5x
Wed, 07 Dec 2022UK£15.7bUK£6.6bUK£335.5m23x46.7x2.4x
Fri, 04 Nov 2022UK£14.9bUK£7.0bUK£386.3m27.6x38.5x2.1x
Sun, 02 Oct 2022UK£15.2bUK£7.2bUK£405.5m20.5x37.4x2.1x
Price to Earnings Ratio

37.4x


Total Market Cap: UK£15.2bTotal Earnings: UK£405.5mTotal Revenue: UK£7.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Medical Equipment Industry Price to Earnings3Y Average 93.1x202320242025
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 36.7x which is lower than its 3-year average PE of 93.1x.
  • The industry is trading close to its 3-year average PS ratio of 2.6x.
Past Earnings Growth
  • The earnings for companies in the Medical Equipment industry have grown 5.9% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

Which industries have driven the changes within the U.K. Healthcare industry?

GB Market0.52%
Healthcare-1.39%
Medical Equipment-1.74%
Medical Supplies0.26%
Medical Equipment-2.60%
Industry PE
  • Investors are most optimistic about the Medical Equipment industry even though it's trading below its 3-year average PE ratio of 135x.
    • Analysts are expecting annual earnings growth of 15.4%, which is lower than the prior year's growth of 28.1% per year.
  • Investors are most pessimistic about the Medical Supplies industry, which is trading below its 3-year average of 71.2x.
Forecasted Growth
  • Analysts are most optimistic on the Medical Supplies industry, expecting annual earnings growth of 18% over the next 5 years.
  • This is better than its past earnings growth rate of 1.7% per year.
  • In contrast, the Medical Equipment industry is expected to see its earnings grow by 15% 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
AMS Advanced Medical Solutions GroupUK£2.120.2%
+UK£1.1m		-4.7%PE50x
EMVC EMV CapitalUK£0.468.3%
+UK£971.9k		-13.3%PS5.2x

Latest News

SN.
UK£13.19
Smith & Nephew
7D
-3.5%
1Y
16.6%
SPEC
UK£0.40
INSPECS Group
7D
-1.3%
1Y
-24.0%
AMS
UK£2.12
Advanced Medical Solutions Group
7D
0.2%
1Y
-4.7%
OBI
UK£0.14
Ondine Biomedical
7D
-6.5%
1Y
110.9%
EMVC
UK£0.46
EMV Capital
7D
8.3%
1Y
-13.3%
POLX
UK£0.005
Polarean Imaging
7D
-23.1%
1Y
-67.2%
AGL
UK£0.03
ANGLE
7D
-14.8%
1Y
-65.2%
CTEC
UK£2.21
ConvaTec Group
7D
-6.2%
1Y
-2.3%

Returns On Capital Are Showing Encouraging Signs At ConvaTec Group (LON:CTEC)

Sep 10
Returns On Capital Are Showing Encouraging Signs At ConvaTec Group (LON:CTEC)
AOTI
UK£0.42
AOTI
7D
-15.0%
1Y
-68.5%
NIOX
UK£0.73
NIOX Group
7D
-0.3%
1Y
7.6%