Italian (Borsa Italiana) Medical Equipment Industry Analysis

Industry Valuation and Performance

Has the Italian Medical Equipment Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Wed, 16 Sep 2026	€5.9b	€2.4b	€247.8m	21.9x	23.8x	2.4x
Fri, 14 Aug 2026	€6.0b	€2.4b	€243.4m	23.4x	24.6x	2.5x
Sun, 12 Jul 2026	€5.9b	€2.4b	€231.6m	25.8x	25.4x	2.5x
Tue, 09 Jun 2026	€5.9b	€2.4b	€231.6m	26.3x	25.5x	2.5x
Thu, 07 May 2026	€5.3b	€2.4b	€232.4m	21.7x	22.9x	2.2x
Sat, 04 Apr 2026	€5.1b	€2.4b	€226.7m	22.2x	22.5x	2.1x
Mon, 02 Mar 2026	€5.8b	€2.4b	€268.1m	21.2x	21.8x	2.4x
Wed, 28 Jan 2026	€5.9b	€2.4b	€268.1m	21.2x	21.9x	2.4x
Fri, 26 Dec 2025	€5.5b	€2.4b	€268.1m	20.3x	20.6x	2.3x
Sun, 23 Nov 2025	€5.0b	€2.4b	€268.7m	17.9x	18.6x	2.1x
Tue, 21 Oct 2025	€6.1b	€2.4b	€268.6m	20x	22.6x	2.5x
Thu, 18 Sep 2025	€6.2b	€2.4b	€268.6m	19.6x	23x	2.6x
Sat, 16 Aug 2025	€6.5b	€2.4b	€277.4m	19.4x	23.4x	2.7x
Mon, 14 Jul 2025	€6.9b	€2.4b	€290.4m	20x	23.8x	2.9x
Wed, 11 Jun 2025	€6.1b	€19.0b	€334.7m	10.7x	18.2x	0.3x
Fri, 09 May 2025	€6.0b	€14.0b	€262.7m	11.4x	23x	0.4x
Sun, 06 Apr 2025	€5.7b	€14.0b	€256.0m	9.8x	22.2x	0.4x
Tue, 04 Mar 2025	€6.3b	€14.0b	€247.0m	13.9x	25.7x	0.5x
Thu, 30 Jan 2025	€6.5b	€2.0b	€248.1m	13.3x	26.1x	3.2x
Sat, 28 Dec 2024	€6.3b	€12.7b	€838.0m	9.3x	7.6x	0.5x
Mon, 25 Nov 2024	€6.8b	€12.7b	€838.0m	9.8x	8.1x	0.5x
Wed, 23 Oct 2024	€6.5b	€12.7b	€815.4m	10.7x	8x	0.5x
Fri, 20 Sep 2024	€6.5b	€12.7b	€814.8m	10.7x	7.9x	0.5x
Sun, 18 Aug 2024	€6.2b	€12.7b	€811.0m	10x	7.6x	0.5x
Tue, 16 Jul 2024	€6.3b	€12.8b	€810.1m	13.8x	7.7x	0.5x
Thu, 13 Jun 2024	€6.2b	€12.8b	€810.1m	14.2x	7.7x	0.5x
Sat, 11 May 2024	€6.4b	€12.8b	€808.3m	15.6x	7.9x	0.5x
Mon, 08 Apr 2024	€5.5b	€12.8b	€807.5m	15.2x	6.8x	0.4x
Wed, 06 Mar 2024	€5.8b	€12.8b	€797.6m	12.5x	7.2x	0.5x
Fri, 02 Feb 2024	€5.4b	€12.8b	€797.6m	13.9x	6.8x	0.4x
Sun, 31 Dec 2023	€5.9b	€12.8b	€797.6m	14.6x	7.4x	0.5x
Tue, 28 Nov 2023	€5.6b	€12.8b	€797.6m	14x	7x	0.4x
Thu, 26 Oct 2023	€5.2b	€12.9b	€839.6m	13.3x	6.2x	0.4x
Sat, 23 Sep 2023	€5.5b	€11.6b	€533.2m	12.5x	10.3x	0.5x

Current Industry PE

Investors are optimistic on the Italian Medical Equipment industry, and appear confident in long term growth rates.

The industry is trading at a PE ratio of 23.9x which is higher than its 3-year average PE of 16.3x.

The 3-year average PS ratio of 1.3x is lower than the industry's current PS ratio of 2.4x.

Past Earnings Growth

The earnings for companies in the Medical Equipment industry have declined 23% per year over the last three years,
Revenues have also declined 41% per year.
This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the Italian Healthcare industry?


IT Market	-0.92%
Healthcare	0.70%
Medical Equipment	0.77%
Medical Equipment	0.80%
Medical Supplies	-3.37%

Industry PE

Investors are most optimistic about the Medical Equipment industry, which is trading close to its 3-year average PE ratio of 25.2x.

Analysts are expecting annual earnings growth of 12.2%, which is higher than its past year's earnings decline of 26.6% per year.

Investors are most pessimistic about the Medical Supplies industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 5.3x.

Forecasted Growth

Analysts are most optimistic on the Medical Supplies industry, expecting annual earnings growth of 20% over the next 5 years.
This is better than its past earnings decline of 7.6% per year.

In contrast, the Medical Equipment industry is expected to see its earnings grow by 12% per year over the next few years.

	Company	Last Price	7D	1Y	Valuation
	ELN EL.En	€15.89	3.8% +€46.5m	42.1%	PE21.9x
	DIA DiaSorin	€74.18	0.8% +€27.7m	-4.9%	PE26.1x

Company

Last Price

Valuation

ELN EL.En

€15.89

3.8%
+€46.5m

42.1%

PE21.9x

DIA DiaSorin

€74.18

0.8%
+€27.7m

-4.9%

PE26.1x

New minor risk - Dividend sustainability

The dividend is not well covered by cash flows. Cash payout ratio: 0% Dividend yield: 1.7% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks High level of debt (55% net debt to equity). Dividend is not well covered by cash flows (0% cash payout ratio).

Italian (Borsa Italiana) Medical Equipment Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

Analyst Forecasts Just Became More Bearish On EL.En. S.p.A. (BIT:ELN)

New minor risk - Dividend sustainability

Now 21% undervalued

Should You Think About Buying iVision Tech S.p.A. (BIT:IVN) Now?

Otofarma S.P.A., Annual General Meeting, Jun 29, 2026

Investor sentiment improves as stock rises 36%

Upcoming dividend of €0.20 per share