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U.K. (FTSE) Medical Equipment Industry Analysis

UpdatedSep 22, 2025
DataAggregated Company Financials
Companies22
  • 7D-1.9%
  • 3M7.9%
  • 1Y11.9%
  • YTD23.5%

Over the last 7 days, the Medical Equipment industry has dropped 1.9%, driven by a pullback from Smith & Nephew of 1.0%. Over the past 12 months, the industry was up 12%. 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
Mon, 22 Sep 2025UK£17.9bUK£6.8bUK£446.6m30.8x40.1x2.6x
Wed, 20 Aug 2025UK£18.0bUK£6.8bUK£445.7m31.1x40.5x2.7x
Fri, 18 Jul 2025UK£16.2bUK£6.7bUK£368.4m43.7x43.9x2.4x
Sun, 15 Jun 2025UK£16.9bUK£6.6bUK£364.6m39x46.3x2.6x
Tue, 13 May 2025UK£16.1bUK£6.8bUK£388.0m35.5x41.5x2.4x
Thu, 10 Apr 2025UK£14.1bUK£6.9bUK£402.5m32.5x35.1x2x
Sat, 08 Mar 2025UK£16.9bUK£6.8bUK£410.3m34.2x41.1x2.5x
Mon, 03 Feb 2025UK£15.5bUK£6.9bUK£311.2m37.1x49.8x2.2x
Wed, 01 Jan 2025UK£14.6bUK£6.8bUK£307.5m34.3x47.5x2.1x
Fri, 29 Nov 2024UK£14.9bUK£6.8bUK£301.7m35.7x49.3x2.2x
Sun, 27 Oct 2024UK£15.4bUK£6.6bUK£294.2m32.3x52.3x2.3x
Tue, 24 Sep 2024UK£16.1bUK£6.5bUK£286.1m35.3x56.3x2.5x
Thu, 22 Aug 2024UK£16.8bUK£6.6bUK£294.4m39.3x56.9x2.6x
Sat, 20 Jul 2024UK£16.4bUK£6.5bUK£245.3m41.1x67x2.5x
Mon, 17 Jun 2024UK£15.4bUK£6.6bUK£260.5m38.2x59x2.3x
Wed, 15 May 2024UK£15.8bUK£6.7bUK£254.7m35.4x61.9x2.4x
Fri, 12 Apr 2024UK£15.5bUK£6.7bUK£246.1m39.3x62.9x2.3x
Sun, 10 Mar 2024UK£16.4bUK£6.5bUK£227.4m36.2x72.2x2.5x
Tue, 06 Feb 2024UK£15.8bUK£6.5bUK£149.0m51x105.7x2.4x
Thu, 04 Jan 2024UK£15.4bUK£6.5bUK£101.6m47x151.2x2.4x
Sat, 02 Dec 2023UK£14.9bUK£6.5bUK£100.8m48.9x147.9x2.3x
Mon, 30 Oct 2023UK£13.1bUK£6.7bUK£109.9m42.5x119.5x2x
Wed, 27 Sep 2023UK£14.8bUK£6.7bUK£96.4m55.1x153.9x2.2x
Fri, 25 Aug 2023UK£15.3bUK£6.5bUK£86.3m53.6x177.4x2.4x
Sun, 23 Jul 2023UK£16.3bUK£6.3bUK£83.8m60.1x194.1x2.6x
Tue, 20 Jun 2023UK£16.5bUK£6.3bUK£85.3m62.2x193.5x2.6x
Thu, 18 May 2023UK£17.2bUK£6.4bUK£89.1m63.5x192.8x2.7x
Sat, 15 Apr 2023UK£16.5bUK£6.5bUK£77.6m46.4x212.4x2.5x
Mon, 13 Mar 2023UK£16.3bUK£6.7bUK£99.1m31.2x164.2x2.4x
Wed, 08 Feb 2023UK£16.7bUK£6.7bUK£336.7m24.8x49.6x2.5x
Fri, 06 Jan 2023UK£16.6bUK£6.7bUK£340.9m25.5x48.7x2.5x
Sun, 04 Dec 2022UK£15.9bUK£6.6bUK£334.7m23.4x47.6x2.4x
Tue, 01 Nov 2022UK£15.1bUK£7.0bUK£384.8m27.4x39.4x2.2x
Thu, 29 Sep 2022UK£14.9bUK£7.4bUK£426.6m20.7x34.8x2x
Price to Earnings Ratio

34.8x


Total Market Cap: UK£14.9bTotal Earnings: UK£426.6mTotal Revenue: UK£7.4bTotal 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 40.1x 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 remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have declined 2.7% per year.
  • This means that the cost of doing business could be reducing since sales have declined but profits have remained steady.

Industry Trends

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

GB Market-0.65%
Healthcare-3.32%
Medical Equipment-1.94%
Medical Supplies-1.24%
Medical Equipment-2.24%
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 15.8%, 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 71.3x.
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 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
AMS Advanced Medical Solutions GroupUK£2.145.2%
+UK£22.6m		-7.0%PE50.6x
NIOX NIOX GroupUK£0.744.8%
+UK£14.2m		11.5%PE90.4x
TSTL TristelUK£3.651.4%
+UK£2.4m		-11.6%PE28.4x
EMVC EMV CapitalUK£0.468.3%
+UK£971.9k		-17.3%PS5.2x
AGL ANGLEUK£0.0338.3%
+UK£803.8k		-70.5%PS4x

Latest News

CREO
UK£0.12
Creo Medical Group
7D
-3.3%
1Y
-54.9%
AMS
UK£2.14
Advanced Medical Solutions Group
7D
5.2%
1Y
-7.0%

Here's What Analysts Are Forecasting For Advanced Medical Solutions Group plc (LON:AMS) After Its Interim Results

Sep 21
Here's What Analysts Are Forecasting For Advanced Medical Solutions Group plc (LON:AMS) After Its Interim Results
SPEC
UK£0.41
INSPECS Group
7D
-3.5%
1Y
-18.8%
OBI
UK£0.15
Ondine Biomedical
7D
-2.0%
1Y
166.7%
SN.
UK£13.50
Smith & Nephew
7D
-2.6%
1Y
17.2%

Orthopaedic Solutions And Wound Management Will Expand Global Reach

The significant drop in Smith & Nephew’s future P/E ratio suggests improving earnings expectations or a lower valuation premium, which supports the slight increase in the consensus analyst price target from £13.61 to £13.85. What's in the News AAOS guidelines now strongly recommend Smith & Nephew's REGENETEN Bioinductive Implant for rotator cuff repair, citing significantly lower re-tear rates and improved patient outcomes; new US indication covers extra-articular ligament injuries, expanding the addressable market.
EMVC
UK£0.46
EMV Capital
7D
8.3%
1Y
-17.3%
TSTL
UK£3.65
Tristel
7D
1.4%
1Y
-11.6%
POLX
UK£0.0063
Polarean Imaging
7D
10.4%
1Y
-58.4%
AGL
UK£0.033
ANGLE
7D
8.3%
1Y
-70.5%
CTEC
UK£2.32
ConvaTec Group
7D
-0.09%
1Y
5.2%

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
-19.0%
1Y
-68.5%
CNSL
UK£0.03
Cambridge Nutritional Sciences
7D
1.7%
1Y
-11.6%
NIOX
UK£0.74
NIOX Group
7D
4.8%
1Y
11.5%
RUA
UK£0.11
RUA Life Sciences
7D
2.3%
1Y
-10.9%