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U.K. (FTSE) Medical Equipment Industry Analysis

UpdatedDec 24, 2025
DataAggregated Company Financials
Companies21
  • 7D1.0%
  • 3M-5.6%
  • 1Y15.7%
  • YTD15.3%

The Medical Equipment industry is up 2.6% in the last week, with Smith & Nephew up 1.2%. During this same period, the INSPECS Group underperformed, falling 14%. This takes the industry's 12 month performance to a gain of 18%. 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
Wed, 24 Dec 2025UK£16.3bUK£6.9bUK£495.3m28.7x33x2.4x
Fri, 21 Nov 2025UK£16.4bUK£7.0bUK£511.4m26.8x32x2.3x
Sun, 19 Oct 2025UK£17.6bUK£6.9bUK£498.5m27.7x35.3x2.6x
Tue, 16 Sep 2025UK£18.1bUK£6.7bUK£439.7m31.4x41.1x2.7x
Thu, 14 Aug 2025UK£17.9bUK£6.8bUK£441.1m40.3x40.6x2.7x
Sat, 12 Jul 2025UK£16.9bUK£6.6bUK£363.6m45.6x46.6x2.6x
Mon, 09 Jun 2025UK£17.3bUK£6.6bUK£365.9m39.1x47.3x2.6x
Wed, 07 May 2025UK£15.9bUK£6.7bUK£381.5m36.2x41.7x2.4x
Fri, 04 Apr 2025UK£16.0bUK£6.8bUK£393.1m35.4x40.8x2.4x
Sun, 02 Mar 2025UK£16.7bUK£7.0bUK£421.9m32.8x39.7x2.4x
Tue, 28 Jan 2025UK£15.1bUK£6.9bUK£309.1m36.5x48.8x2.2x
Thu, 26 Dec 2024UK£14.6bUK£6.8bUK£307.2m34.3x47.4x2.1x
Sat, 23 Nov 2024UK£14.9bUK£6.8bUK£306.3m35.3x48.6x2.2x
Mon, 21 Oct 2024UK£16.1bUK£6.6bUK£291.6m35.8x55.2x2.4x
Wed, 18 Sep 2024UK£16.6bUK£6.5bUK£294.5m32.9x56.4x2.5x
Fri, 16 Aug 2024UK£16.7bUK£6.7bUK£300.3m38.9x55.7x2.5x
Sun, 14 Jul 2024UK£16.3bUK£6.5bUK£243.6m41.4x66.8x2.5x
Tue, 11 Jun 2024UK£15.7bUK£6.6bUK£259.2m38.8x60.5x2.4x
Thu, 09 May 2024UK£15.6bUK£6.7bUK£256.9m35.2x60.7x2.3x
Sat, 06 Apr 2024UK£15.4bUK£6.6bUK£244.4m39.1x63.2x2.3x
Mon, 04 Mar 2024UK£15.4bUK£6.6bUK£184.2m37.7x83.6x2.3x
Wed, 31 Jan 2024UK£15.8bUK£6.4bUK£100.8m50.2x157.2x2.5x
Fri, 29 Dec 2023UK£15.7bUK£6.4bUK£99.8m48.9x157.4x2.4x
Sun, 26 Nov 2023UK£14.9bUK£6.5bUK£101.8m44.9x146.1x2.3x
Tue, 24 Oct 2023UK£13.4bUK£6.7bUK£107.6m43.5x124.4x2x
Thu, 21 Sep 2023UK£14.8bUK£6.6bUK£92.2m55.5x160.9x2.2x
Sat, 19 Aug 2023UK£15.2bUK£6.4bUK£84.7m54.5x178.8x2.4x
Mon, 17 Jul 2023UK£15.9bUK£6.1bUK£80.4m58.3x198x2.6x
Wed, 14 Jun 2023UK£16.0bUK£6.4bUK£88.1m60.2x182.1x2.5x
Fri, 12 May 2023UK£17.2bUK£6.4bUK£88.7m68.9x193.6x2.7x
Sun, 09 Apr 2023UK£15.8bUK£6.5bUK£77.9m46x203.2x2.4x
Tue, 07 Mar 2023UK£16.6bUK£6.7bUK£112.5m31.1x147.3x2.5x
Thu, 02 Feb 2023UK£16.1bUK£6.5bUK£326.3m24.3x49.5x2.5x
Sat, 31 Dec 2022UK£16.1bUK£6.7bUK£336.0m25.3x47.8x2.4x
Price to Earnings Ratio

47.8x


Total Market Cap: UK£16.1bTotal Earnings: UK£336.0mTotal Revenue: UK£6.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Medical Equipment Industry Price to Earnings3Y Average 89.2x202320242025
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 33.2x which is lower than its 3-year average PE of 89.2x.
  • 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 14% 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 Market2.11%
Healthcare1.28%
Medical Equipment1.04%
Medical Supplies1.19%
Medical Equipment0.97%
Industry PE
  • Investors are most optimistic about the Medical Equipment industry even though it's trading below its 3-year average PE ratio of 133x.
    • Analysts are expecting annual earnings growth of 15.6%, 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 63.2x.
Forecasted Growth
  • Analysts are most optimistic on the Medical Supplies industry, expecting annual earnings growth of 18% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Medical Equipment industry is expected to see its earnings grow by 16% 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£12.201.2%
+UK£119.0m		23.7%PE28.5x
CTEC Convatec GroupUK£2.391.6%
+UK£74.1m		7.9%PE28.9x
TSTL TristelUK£4.081.9%
+UK£3.6m		-3.0%PE29.3x
EKF EKF Diagnostics HoldingsUK£0.251.6%
+UK£1.7m		-6.3%PE18x
AOTI AOTIUK£0.321.6%
+UK£531.8k		-71.6%PE19.2x

Latest News

IHC
UK£0.15
Inspiration Healthcare Group
7D
-10.4%
1Y
20.0%

The Market Doesn't Like What It Sees From Inspiration Healthcare Group plc's (LON:IHC) Revenues Yet As Shares Tumble 26%

Dec 24
The Market Doesn't Like What It Sees From Inspiration Healthcare Group plc's (LON:IHC) Revenues Yet As Shares Tumble 26%
TSTL
UK£4.08
Tristel
7D
1.9%
1Y
-3.0%
SN.
UK£12.20
Smith & Nephew
7D
1.2%
1Y
23.7%

Earnings Tell The Story For Smith & Nephew plc (LON:SN.)

Dec 23
Earnings Tell The Story For Smith & Nephew plc (LON:SN.)
SPEC
UK£0.70
INSPECS Group
7D
-14.4%
1Y
53.3%
CTEC
UK£2.39
Convatec Group
7D
1.6%
1Y
7.9%

Convatec Group's (LON:CTEC) Returns On Capital Are Heading Higher

Dec 19
Convatec Group's (LON:CTEC) Returns On Capital Are Heading Higher
EKF
UK£0.25
EKF Diagnostics Holdings
7D
1.6%
1Y
-6.3%
FORF
UK£0.08
Fortis Frontier
7D
-5.9%
1Y
-33.3%
EMVC
UK£0.57
EMV Capital
7D
-1.7%
1Y
18.5%
ABDX
UK£0.064
Abingdon Health
7D
-5.2%
1Y
-17.4%
OBI
UK£0.086
Ondine Biomedical
7D
-11.8%
1Y
1.2%
SUN
UK£0.0045
Surgical Innovations Group
7D
-18.2%
1Y
-18.2%
NIOX
UK£0.66
NIOX Group
7D
-3.2%
1Y
4.7%
CREO
UK£0.10
Creo Medical Group
7D
1.2%
1Y
-46.6%

Creo Medical Group's (LON:CREO) Shareholders Have More To Worry About Than Lackluster Earnings

Sep 29
Creo Medical Group's (LON:CREO) Shareholders Have More To Worry About Than Lackluster Earnings
AOTI
UK£0.32
AOTI
7D
1.6%
1Y
-71.6%

AOTI's (LON:AOTI) Solid Profits Have Weak Fundamentals

Sep 29
AOTI's (LON:AOTI) Solid Profits Have Weak Fundamentals
RUA
UK£0.12
RUA Life Sciences
7D
2.1%
1Y
11.4%