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Japanese (NIKKEI) Medical Equipment Industry Analysis

UpdatedNov 21, 2024
DataAggregated Company Financials
Companies40
  • 7D-0.6%
  • 3M2.2%
  • 1Y16.8%
  • YTD16.4%

Over the last 7 days, the Medical Equipment industry has dropped 2.5%, driven by a pullback from HOYA of 1.7%. Over the past 12 months, the industry was up 18%. Looking forward, earnings are forecast to grow by 13% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 21 Nov 2024JP¥19.2tJP¥5.5tJP¥576.2b14.3x33.4x3.5x
Sat, 19 Oct 2024JP¥19.4tJP¥5.4tJP¥515.0b17.6x37.6x3.6x
Mon, 16 Sep 2024JP¥18.1tJP¥5.4tJP¥515.7b18.1x35.2x3.3x
Wed, 14 Aug 2024JP¥18.3tJP¥5.4tJP¥509.8b15x35.9x3.4x
Fri, 12 Jul 2024JP¥19.2tJP¥5.3tJP¥491.8b15.4x39x3.6x
Sun, 09 Jun 2024JP¥18.6tJP¥5.4tJP¥513.4b15.7x36.3x3.4x
Tue, 07 May 2024JP¥17.9tJP¥5.3tJP¥484.3b18.6x36.9x3.4x
Thu, 04 Apr 2024JP¥17.6tJP¥5.3tJP¥485.0b17.7x36.3x3.3x
Sat, 02 Mar 2024JP¥19.0tJP¥5.3tJP¥485.2b17.6x39.2x3.6x
Mon, 29 Jan 2024JP¥17.9tJP¥5.2tJP¥509.6b19x35x3.4x
Wed, 27 Dec 2023JP¥17.0tJP¥5.2tJP¥510.0b17.2x33.3x3.2x
Fri, 24 Nov 2023JP¥17.0tJP¥5.2tJP¥510.3b17.9x33.4x3.2x
Sun, 22 Oct 2023JP¥15.1tJP¥5.1tJP¥563.7b17.1x26.7x2.9x
Tue, 19 Sep 2023JP¥16.7tJP¥5.1tJP¥563.4b17.4x29.6x3.2x
Thu, 17 Aug 2023JP¥16.0tJP¥5.1tJP¥563.4b17.1x28.4x3.1x
Sat, 15 Jul 2023JP¥17.0tJP¥5.1tJP¥582.5b16.7x29.1x3.3x
Mon, 12 Jun 2023JP¥17.3tJP¥5.1tJP¥583.3b16.7x29.7x3.4x
Wed, 10 May 2023JP¥16.5tJP¥5.1tJP¥561.7b17.7x29.4x3.3x
Fri, 07 Apr 2023JP¥15.4tJP¥5.1tJP¥559.2b16.7x27.5x3x
Sun, 05 Mar 2023JP¥15.2tJP¥5.1tJP¥559.2b17.1x27.2x3x
Tue, 31 Jan 2023JP¥15.8tJP¥4.9tJP¥551.3b14.9x28.6x3.2x
Thu, 29 Dec 2022JP¥14.9tJP¥4.9tJP¥551.3b14.9x27.1x3x
Sat, 26 Nov 2022JP¥17.0tJP¥4.9tJP¥551.1b15.7x30.8x3.4x
Mon, 24 Oct 2022JP¥17.0tJP¥4.8tJP¥540.9b14.9x31.5x3.5x
Wed, 21 Sep 2022JP¥17.1tJP¥4.8tJP¥540.3b14.6x31.7x3.6x
Fri, 19 Aug 2022JP¥17.7tJP¥4.8tJP¥540.3b15.3x32.7x3.7x
Sun, 17 Jul 2022JP¥16.4tJP¥4.7tJP¥545.5b14.8x30.1x3.5x
Tue, 14 Jun 2022JP¥15.9tJP¥4.7tJP¥544.7b14.2x29.2x3.4x
Thu, 12 May 2022JP¥14.9tJP¥4.6tJP¥559.5b13.1x26.6x3.2x
Sat, 09 Apr 2022JP¥16.3tJP¥4.6tJP¥549.5b13.6x29.6x3.6x
Mon, 07 Mar 2022JP¥15.6tJP¥4.6tJP¥549.6b13.2x28.3x3.4x
Wed, 02 Feb 2022JP¥17.0tJP¥4.5tJP¥562.4b12.6x30.3x3.8x
Fri, 31 Dec 2021JP¥20.1tJP¥4.5tJP¥558.1b15.2x35.9x4.5x
Sun, 28 Nov 2021JP¥20.4tJP¥4.5tJP¥558.2b15.6x36.5x4.5x
Price to Earnings Ratio

36.5x


Total Market Cap: JP¥20.4tTotal Earnings: JP¥558.2bTotal Revenue: JP¥4.5tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Medical Equipment Industry Price to Earnings3Y Average 31.8x202220232024
Current Industry PE
  • Investors are relatively neutral on the Japanese Medical Equipment industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 31.8x.
  • The industry is trading close to its 3-year average PS ratio of 3.4x.
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 grown 7.2% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.

Industry Trends

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

JP Market-0.44%
Healthcare-3.15%
Medical Equipment-0.64%
Medical Equipment-0.12%
Medical Supplies-1.27%
Industry PE
  • Investors are most optimistic about the Medical Supplies industry, which is trading close to its 3-year average PE ratio of 33.5x.
    • Analysts are expecting annual earnings growth of 11.8%, which is higher than its past year's earnings decline of 3.5% per year.
  • Investors are most pessimistic about the Medical Equipment industry, which is trading close to its 3-year average of 30.9x.
Forecasted Growth
  • Analysts are most optimistic on the Medical Equipment industry, expecting annual earnings growth of 13% over the next 5 years.
  • This is better than its past earnings growth rate of 7.1% per year.
  • In contrast, the Medical Supplies industry is expected to see its earnings grow by 12% 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
7747 Asahi InteccJP¥2.62k7.0%
+JP¥46.7b		-8.6%PE43.1x
6869 SysmexJP¥3.14k1.5%
+JP¥29.3b		18.4%PE36.6x
6849 Nihon KohdenJP¥2.18k0.9%
+JP¥3.2b		19.8%PE38.1x
8086 NiproJP¥1.39k0.9%
+JP¥2.1b		26.4%PE173x
3593 Hogy MedicalLtdJP¥4.61k1.8%
+JP¥1.7b		35.4%PE33.8x
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