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U.K. (FTSE) Medical Equipment Industry Analysis

UpdatedNov 15, 2025
DataAggregated Company Financials
Companies21
  • 7D0.02%
  • 3M-4.3%
  • 1Y14.2%
  • YTD18.2%

Over the last 7 days, the Medical Equipment industry has remained flat, although notably ConvaTec Group gained 4.7%. The past year has been better, since the industry has gained 14% in that time. 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
Tue, 18 Nov 2025UK£16.8bUK£7.0bUK£508.3m27.5x33x2.4x
Thu, 16 Oct 2025UK£17.3bUK£6.9bUK£500.2m27.7x34.7x2.5x
Sat, 13 Sep 2025UK£18.4bUK£6.8bUK£441.5m31.8x41.6x2.7x
Mon, 11 Aug 2025UK£17.8bUK£6.8bUK£445.7m40x40x2.6x
Wed, 09 Jul 2025UK£16.4bUK£6.6bUK£363.2m45.4x45.2x2.5x
Fri, 06 Jun 2025UK£17.2bUK£6.6bUK£364.6m39.2x47.3x2.6x
Sun, 04 May 2025UK£16.1bUK£6.8bUK£384.7m36x41.9x2.4x
Tue, 01 Apr 2025UK£16.1bUK£6.9bUK£406.3m32.7x39.7x2.3x
Thu, 27 Feb 2025UK£16.7bUK£6.9bUK£388.5m35x43x2.4x
Sat, 25 Jan 2025UK£15.1bUK£6.8bUK£308.5m35.6x48.9x2.2x
Mon, 23 Dec 2024UK£14.4bUK£6.8bUK£306.6m34.1x47x2.1x
Wed, 20 Nov 2024UK£15.0bUK£6.8bUK£301.5m34x49.9x2.2x
Fri, 18 Oct 2024UK£16.0bUK£6.6bUK£292.4m34.8x54.7x2.4x
Sun, 15 Sep 2024UK£16.9bUK£6.5bUK£293.0m37.5x57.5x2.6x
Tue, 13 Aug 2024UK£16.5bUK£6.7bUK£302.5m38.3x54.5x2.5x
Thu, 11 Jul 2024UK£16.2bUK£6.6bUK£246.6m41.6x65.5x2.5x
Sat, 08 Jun 2024UK£15.7bUK£6.6bUK£256.9m38.8x61.1x2.4x
Mon, 06 May 2024UK£15.4bUK£6.7bUK£255.6m36.4x60.3x2.3x
Wed, 03 Apr 2024UK£15.6bUK£6.7bUK£245.6m37.6x63.5x2.3x
Fri, 01 Mar 2024UK£15.3bUK£6.6bUK£184.9m37.7x82.5x2.3x
Sun, 28 Jan 2024UK£15.9bUK£6.4bUK£100.7m50x157.9x2.5x
Tue, 26 Dec 2023UK£15.7bUK£6.4bUK£100.5m48.9x155.9x2.4x
Thu, 23 Nov 2023UK£14.9bUK£6.5bUK£103.8m45.7x143.3x2.3x
Sat, 21 Oct 2023UK£13.4bUK£6.7bUK£109.2m43.8x122.5x2x
Mon, 18 Sep 2023UK£15.1bUK£6.6bUK£94.7m52.6x159.4x2.3x
Wed, 16 Aug 2023UK£15.3bUK£6.4bUK£85.2m54.9x179.8x2.4x
Fri, 14 Jul 2023UK£15.8bUK£6.1bUK£79.8m60x198.3x2.6x
Sun, 11 Jun 2023UK£16.0bUK£6.4bUK£88.6m59.9x180.5x2.5x
Tue, 09 May 2023UK£16.8bUK£6.4bUK£66.1m62.6x254.2x2.6x
Thu, 06 Apr 2023UK£15.8bUK£6.4bUK£78.8m45x200.3x2.4x
Sat, 04 Mar 2023UK£16.7bUK£6.7bUK£113.3m31.3x147x2.5x
Mon, 30 Jan 2023UK£16.1bUK£6.5bUK£323.5m24.4x49.8x2.5x
Wed, 28 Dec 2022UK£16.0bUK£6.7bUK£335.3m25.8x47.8x2.4x
Fri, 25 Nov 2022UK£15.9bUK£6.6bUK£348.8m26.8x45.7x2.4x
Price to Earnings Ratio

45.7x


Total Market Cap: UK£15.9bTotal Earnings: UK£348.8mTotal Revenue: UK£6.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Medical Equipment Industry Price to Earnings3Y Average 89.6x202320242025
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 33.0x which is lower than its 3-year average PE of 89.6x.
  • 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 13% 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 Market-0.85%
Healthcare2.14%
Medical Equipment0.018%
Medical Supplies3.59%
Medical Equipment-1.68%
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 15.8%, 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 65.2x.
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
CTEC ConvaTec GroupUK£2.391.9%
+UK£72.6m		-0.2%PE28.6x
NIOX NIOX GroupUK£0.714.1%
+UK£11.7m		8.6%PE60.5x
EKF EKF Diagnostics HoldingsUK£0.260.8%
+UK£887.7k		1.9%PE19x
SPEC INSPECS GroupUK£0.700.7%
+UK£508.4k		20.7%PS0.4x

Latest News

ABDX
UK£0.075
Abingdon Health
7D
-10.7%
1Y
-3.2%
CTEC
UK£2.39
ConvaTec Group
7D
1.9%
1Y
-0.2%
SN.
UK£12.45
Smith & Nephew
7D
-2.0%
1Y
27.0%

Is Smith & Nephew plc (LON:SN.) Trading At A 21% Discount?

Nov 13
Is Smith & Nephew plc (LON:SN.) Trading At A 21% Discount?
SPEC
UK£0.70
INSPECS Group
7D
0.7%
1Y
20.7%

Returns At INSPECS Group (LON:SPEC) Appear To Be Weighed Down

Oct 29
Returns At INSPECS Group (LON:SPEC) Appear To Be Weighed Down
OBI
UK£0.12
Ondine Biomedical
7D
-4.1%
1Y
38.2%
TSTL
UK£3.65
Tristel
7D
-1.4%
1Y
-17.0%

Tristel's (LON:TSTL) Shareholders Will Receive A Bigger Dividend Than Last Year

Oct 16
Tristel's (LON:TSTL) Shareholders Will Receive A Bigger Dividend Than Last Year
EKF
UK£0.26
EKF Diagnostics Holdings
7D
0.8%
1Y
1.9%
POLX
UK£0.0011
Polarean Imaging
7D
-31.3%
1Y
-92.9%
NIOX
UK£0.71
NIOX Group
7D
4.1%
1Y
8.6%
AMS
UK£2.12
Advanced Medical Solutions Group
7D
-0.2%
1Y
5.0%
CREO
UK£0.10
Creo Medical Group
7D
-8.9%
1Y
-38.8%

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
RUA
UK£0.12
RUA Life Sciences
7D
-5.8%
1Y
8.9%