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Japanese (NIKKEI) Medical Equipment Industry Analysis

UpdatedApr 30, 2024
DataAggregated Company Financials
Companies40
  • 7D1.9%
  • 3M-1.9%
  • 1Y10.8%
  • YTD3.7%

Over the last 7 days, the Medical Equipment industry has risen 1.9%, driven by gains from HOYA of 5.3%. This means that the industry has gained 11% over the past year. Looking forward, earnings are forecast to grow by 10% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 30 Apr 2024JP¥17.6tJP¥5.3tJP¥485.1b17.3x36.2x3.3x
Thu, 28 Mar 2024JP¥18.5tJP¥5.3tJP¥485.2b18.3x38.1x3.5x
Sat, 24 Feb 2024JP¥18.6tJP¥5.3tJP¥485.2b16.5x38.2x3.5x
Mon, 22 Jan 2024JP¥18.2tJP¥5.2tJP¥509.6b18.1x35.7x3.5x
Wed, 20 Dec 2023JP¥17.1tJP¥5.2tJP¥510.0b17.4x33.5x3.3x
Fri, 17 Nov 2023JP¥16.7tJP¥5.2tJP¥511.2b17x32.8x3.2x
Sun, 15 Oct 2023JP¥15.4tJP¥5.1tJP¥563.7b17.1x27.4x3x
Tue, 12 Sep 2023JP¥16.2tJP¥5.1tJP¥563.4b17.4x28.8x3.2x
Thu, 10 Aug 2023JP¥16.9tJP¥5.1tJP¥574.1b16.7x29.4x3.3x
Sat, 08 Jul 2023JP¥17.0tJP¥5.1tJP¥582.9b16.7x29.1x3.3x
Mon, 05 Jun 2023JP¥17.6tJP¥5.1tJP¥583.3b16.7x30.2x3.5x
Wed, 03 May 2023JP¥16.1tJP¥5.1tJP¥558.5b17.5x28.9x3.2x
Fri, 31 Mar 2023JP¥15.2tJP¥5.1tJP¥559.2b16.7x27.1x3x
Sun, 26 Feb 2023JP¥15.0tJP¥5.1tJP¥559.2b17.1x26.8x3x
Tue, 24 Jan 2023JP¥15.4tJP¥4.9tJP¥551.3b14.8x27.9x3.1x
Thu, 22 Dec 2022JP¥15.1tJP¥4.9tJP¥551.1b15.1x27.4x3.1x
Sat, 19 Nov 2022JP¥16.5tJP¥4.9tJP¥551.1b15.5x30x3.3x
Mon, 17 Oct 2022JP¥17.1tJP¥4.8tJP¥540.9b14.7x31.7x3.6x
Wed, 14 Sep 2022JP¥18.0tJP¥4.8tJP¥540.3b15.8x33.4x3.8x
Fri, 12 Aug 2022JP¥16.9tJP¥4.8tJP¥554.3b15.5x30.4x3.5x
Sun, 10 Jul 2022JP¥15.9tJP¥4.7tJP¥545.3b14.7x29.1x3.4x
Tue, 07 Jun 2022JP¥16.3tJP¥4.7tJP¥544.7b14.6x29.9x3.5x
Thu, 05 May 2022JP¥15.3tJP¥4.6tJP¥550.2b13.1x27.9x3.4x
Sat, 02 Apr 2022JP¥15.9tJP¥4.6tJP¥549.6b13.5x28.9x3.5x
Mon, 28 Feb 2022JP¥16.1tJP¥4.6tJP¥549.6b13.2x29.4x3.5x
Wed, 26 Jan 2022JP¥16.7tJP¥4.5tJP¥558.4b12.6x29.9x3.7x
Fri, 24 Dec 2021JP¥19.8tJP¥4.5tJP¥558.2b14.4x35.5x4.4x
Sun, 21 Nov 2021JP¥21.0tJP¥4.5tJP¥558.2b16x37.5x4.7x
Tue, 19 Oct 2021JP¥20.1tJP¥4.3tJP¥509.9b17.7x39.4x4.6x
Thu, 16 Sep 2021JP¥21.0tJP¥4.0tJP¥493.9b19.3x42.6x5.2x
Sat, 14 Aug 2021JP¥18.6tJP¥4.0tJP¥493.9b19x37.7x4.6x
Wed, 09 Jun 2021JP¥17.1tJP¥3.8tJP¥424.5b20.5x40.2x4.5x
Price to Earnings Ratio

38.5x


Total Market Cap: JP¥16.3tTotal Earnings: JP¥423.3bTotal Revenue: JP¥3.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Medical Equipment Industry Price to Earnings3Y Average 32.1x202220232024
Current Industry PE
  • Investors are optimistic on the Japanese Medical Equipment industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 36.2x which is higher than its 3-year average PE of 32.1x.
  • The industry is trading close to its 3-year average PS ratio of 3.6x.
Past Earnings Growth
  • The earnings for companies in the Medical Equipment industry have grown 4.6% per year over the last three years.
  • Revenues for these companies have grown 12% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

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

JP Market0.80%
Healthcare1.10%
Medical Equipment1.93%
Medical Supplies3.75%
Medical Equipment0.48%
Industry PE
  • Investors are most optimistic about the Medical Supplies industry, which is trading close to its 3-year average PE ratio of 34.1x.
    • Analysts are expecting annual earnings growth of 10.4%, which is higher than its past year's earnings decline of 15.8% per year.
  • Investors are most pessimistic about the Medical Equipment industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 30.8x.
Forecasted Growth
  • Analysts are most optimistic on the Medical Equipment industry, expecting annual earnings growth of 10% over the next 5 years.
  • This is better than its past earnings growth rate of 6.4% per year.
  • In contrast, the Medical Supplies industry is expected to see its earnings grow by 10% 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
7741 HOYAJP¥18.47k5.3%
+JP¥324.2b		23.9%PE38.8x
4543 TerumoJP¥2.69k2.8%
+JP¥109.1b		31.6%PE40.4x
7733 OlympusJP¥2.20k1.2%
+JP¥30.9b		-9.9%PE65x
6869 SysmexJP¥2.53k1.8%
+JP¥28.4b		-16.0%PE35.1x
7747 Asahi InteccJP¥2.33k2.2%
+JP¥13.9b		-7.4%PE40.9x
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