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U.K. (FTSE) Medical Equipment Industry Analysis

UpdatedApr 10, 2026
DataAggregated Company Financials
Companies12
  • 7D1.7%
  • 3M-2.6%
  • 1Y24.3%
  • YTDn/a

Over the last 7 days, the Medical Equipment industry has risen 2.1%, driven by gains from every company within the industry. This means that the industry has gained 27% over the past year. Earnings are forecast to grow by 13% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 10 Apr 2026UK£11.0bUK£4.8bUK£434.1m22.5x25.4x2.3x
Sun, 08 Mar 2026UK£11.5bUK£4.8bUK£437.0m22x26.3x2.4x
Tue, 03 Feb 2026UK£11.2bUK£4.6bUK£330.2m25.2x33.9x2.5x
Thu, 01 Jan 2026UK£11.1bUK£4.6bUK£335.3m18.8x33x2.4x
Sat, 29 Nov 2025UK£11.2bUK£4.7bUK£334.2m21.8x33.6x2.4x
Mon, 27 Oct 2025UK£12.3bUK£4.7bUK£332.2m21x37x2.6x
Wed, 24 Sep 2025UK£12.3bUK£4.6bUK£310.1m25.9x39.7x2.7x
Fri, 22 Aug 2025UK£12.8bUK£4.6bUK£281.2m33x45.4x2.8x
Sun, 20 Jul 2025UK£10.5bUK£4.5bUK£222.1m32.1x47.5x2.3x
Tue, 17 Jun 2025UK£10.2bUK£4.5bUK£218.8m31.2x46.5x2.3x
Thu, 15 May 2025UK£9.9bUK£4.6bUK£236.3m29.8x41.8x2.1x
Sat, 12 Apr 2025UK£9.1bUK£4.6bUK£241.6m27x37.5x2x
Mon, 10 Mar 2025UK£10.7bUK£4.7bUK£251.3m23.9x42.6x2.3x
Wed, 05 Feb 2025UK£9.7bUK£4.7bUK£174.5m23.8x55.5x2.1x
Fri, 03 Jan 2025UK£9.4bUK£4.7bUK£176.6m25.8x53x2x
Sun, 01 Dec 2024UK£9.4bUK£4.6bUK£170.1m24.2x55.2x2x
Tue, 29 Oct 2024UK£10.3bUK£4.5bUK£166.3m24.9x62x2.3x
Thu, 26 Sep 2024UK£10.7bUK£4.4bUK£163.6m28.5x65.5x2.4x
Sat, 24 Aug 2024UK£11.0bUK£4.4bUK£158.7m44.2x69.4x2.5x
Mon, 22 Jul 2024UK£10.4bUK£4.5bUK£130.7m46.7x79.2x2.3x
Wed, 19 Jun 2024UK£9.4bUK£4.5bUK£144.0m41.6x65.6x2.1x
Fri, 17 May 2024UK£9.7bUK£4.6bUK£139.4m43.1x69.3x2.1x
Sun, 14 Apr 2024UK£8.7bUK£4.6bUK£130.3m47.1x67.1x1.9x
Tue, 12 Mar 2024UK£9.9bUK£4.5bUK£110.2m46.3x89.9x2.2x
Thu, 08 Feb 2024UK£10.1bUK£4.4bUK£77.1m56.1x131.3x2.3x
Sat, 06 Jan 2024UK£9.7bUK£4.4bUK£30.1m53x320.9x2.2x
Mon, 04 Dec 2023UK£9.5bUK£4.4bUK£30.4m52.7x313.3x2.2x
Wed, 01 Nov 2023UK£8.5bUK£4.6bUK£37.0m44.8x230.9x1.9x
Fri, 29 Sep 2023UK£9.4bUK£4.6bUK£36.4m79.2x257.7x2x
Sun, 27 Aug 2023UK£9.8bUK£4.5bUK£35.1m63.6x278.6x2.2x
Tue, 25 Jul 2023UK£11.0bUK£4.3bUK£38.5m60.3x287.1x2.6x
Thu, 22 Jun 2023UK£11.4bUK£4.3bUK£40.6m77.7x280.2x2.6x
Sat, 20 May 2023UK£11.7bUK£4.4bUK£42.4m68.9x277.2x2.7x
Mon, 17 Apr 2023UK£11.1bUK£4.4bUK£27.7m58.8x402.2x2.5x
Price to Earnings Ratio

402.2x


Total Market Cap: UK£11.1bTotal Earnings: UK£27.7mTotal Revenue: UK£4.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Medical Equipment Industry Price to Earnings3Y Average 122.5x202420252026
Current Industry PE
  • Investors are pessimistic on the British Healthcare 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 25.3x which is lower than its 3-year average PE of 123x.
  • The industry is trading close to its 3-year average PS ratio of 2.3x.
Past Earnings Growth
  • The earnings for companies in the Healthcare Equipment industry have grown 150% per year over the last three years.
  • Revenues for these companies have grown 3.0% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does U.K. Medical Equipment compare with similar industries?

GB Market1.74%
Healthcare-0.042%
Medical Equipment1.78%
Medical Equipment1.70%
Medical Supplies1.95%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
SN. Smith & NephewUK£12.281.7%
+UK£170.8m		28.2%PE22.5x
NIOX NIOX GroupUK£0.562.2%
+UK£5.0m		-19.9%PE33.7x
EKF EKF Diagnostics HoldingsUK£0.243.2%
+UK£3.2m		11.8%PE49x
OBI Ondine BiomedicalUK£0.114.8%
+UK£2.6m		18.9%PS48.1x
AOTI AOTIUK£0.385.6%
+UK£2.1m		-54.5%PE20.1x

Latest News

OBI
UK£0.11
Ondine Biomedical
7D
4.8%
1Y
18.9%
NIOX
UK£0.56
NIOX Group
7D
2.2%
1Y
-19.9%
AOTI
UK£0.38
AOTI
7D
5.6%
1Y
-54.5%

We Think That There Are Issues Underlying AOTI's (LON:AOTI) Earnings

Apr 06
We Think That There Are Issues Underlying AOTI's (LON:AOTI) Earnings
SN.
UK£12.28
Smith & Nephew
7D
1.7%
1Y
28.2%

SN.: New Product Launches And Capital Returns Will Support Future Margins

Analysts have nudged their price target for Smith & Nephew slightly higher to £14.30 from £14.30, reflecting small adjustments to their fair value estimate, discount rate, revenue growth assumptions, profit margin expectations, and a modestly lower future P/E multiple. What's in the News Launch of ALLEVYN COMPLETE CARE Foam Dressing with a five layer design aimed at both wound management and pressure injury prevention, initially in the US with further international launches planned for 2026 (Product related announcement).
EKF
UK£0.24
EKF Diagnostics Holdings
7D
3.2%
1Y
11.8%
IHC
UK£0.22
Inspiration Healthcare Group
7D
1.9%
1Y
30.1%
EMVC
UK£0.52
EMV Capital
7D
1.0%
1Y
40.5%
TECH
UK£0.004
TechFinancials
7D
14.3%
1Y
100.0%