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Japanese (NIKKEI) Medical Equipment Industry Analysis

UpdatedJun 02, 2023
DataAggregated Company Financials
Companies40
  • 7D3.7%
  • 3M13.8%
  • 1Y10.7%
  • YTD19.9%

The Medical Equipment is pretty flat in the last 7 days, but HOYA has stood out, gaining 8.8%. As for the the longer term, the industry is up 7.0% over the past 12 months. Looking forward, earnings are forecast to grow by 9.0% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 02 Jun 2023JP¥17.3tJP¥5.1tJP¥583.3b16.7x29.7x3.4x
Sun, 30 Apr 2023JP¥15.9tJP¥5.1tJP¥558.5b17.2x28.4x3.1x
Tue, 28 Mar 2023JP¥15.1tJP¥5.1tJP¥559.2b16.9x27x3x
Thu, 23 Feb 2023JP¥14.9tJP¥5.1tJP¥559.2b17x26.6x2.9x
Sat, 21 Jan 2023JP¥15.3tJP¥4.9tJP¥551.3b14.8x27.7x3.1x
Mon, 19 Dec 2022JP¥16.1tJP¥4.9tJP¥551.1b15.3x29.3x3.3x
Wed, 16 Nov 2022JP¥17.0tJP¥4.9tJP¥550.5b15.2x30.9x3.5x
Fri, 14 Oct 2022JP¥16.4tJP¥4.8tJP¥541.1b14.4x30.4x3.4x
Sun, 11 Sep 2022JP¥17.7tJP¥4.8tJP¥540.3b15.9x32.8x3.7x
Tue, 09 Aug 2022JP¥16.9tJP¥4.7tJP¥550.2b15.8x30.7x3.6x
Thu, 07 Jul 2022JP¥15.7tJP¥4.7tJP¥545.3b14.8x28.7x3.3x
Sat, 04 Jun 2022JP¥16.2tJP¥4.7tJP¥544.7b14.7x29.7x3.5x
Mon, 02 May 2022JP¥15.5tJP¥4.6tJP¥550.2b13x28.2x3.4x
Wed, 30 Mar 2022JP¥16.1tJP¥4.6tJP¥549.6b13.5x29.2x3.5x
Fri, 25 Feb 2022JP¥15.9tJP¥4.6tJP¥549.6b13x28.8x3.5x
Sun, 23 Jan 2022JP¥17.3tJP¥4.5tJP¥558.4b13x31.1x3.9x
Tue, 21 Dec 2021JP¥19.3tJP¥4.5tJP¥558.2b14.1x34.5x4.3x
Thu, 18 Nov 2021JP¥20.6tJP¥4.5tJP¥558.2b15.6x37x4.6x
Sat, 16 Oct 2021JP¥20.3tJP¥4.3tJP¥509.9b17.9x39.8x4.7x
Mon, 13 Sep 2021JP¥20.8tJP¥4.0tJP¥493.9b19.4x42.1x5.1x
Wed, 11 Aug 2021JP¥18.7tJP¥4.0tJP¥493.9b18.6x37.8x4.6x
Sun, 06 Jun 2021JP¥17.1tJP¥3.8tJP¥424.5b20.5x40.2x4.5x
Wed, 10 Mar 2021JP¥15.8tJP¥3.7tJP¥349.5b22.7x45.3x4.2x
Tue, 01 Dec 2020JP¥17.0tJP¥3.7tJP¥329.2b23.9x51.8x4.6x
Fri, 04 Sep 2020JP¥15.0tJP¥3.8tJP¥343.6b25.3x43.7x4x
Mon, 08 Jun 2020JP¥14.5tJP¥3.9tJP¥366.1b28.1x39.5x3.7x
Price to Earnings Ratio

39.5x


Total Market Cap: JP¥14.5tTotal Earnings: JP¥366.1bTotal Revenue: JP¥3.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Medical Equipment Industry Price to Earnings3Y Average 36x202120222023
Current Industry PE
  • Investors are pessimistic on the Japanese 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 29.3x which is lower than its 3-year average PE of 36.1x.
  • The 3-year average PS ratio of 3.9x is higher than the industry's current PS ratio of 3.4x.
Past Earnings Growth
  • The earnings for companies in the Medical Equipment industry have grown 17% per year over the last three years.
  • Revenues for these companies have grown 9.4% 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 Market0.063%
Healthcare0.57%
Medical Equipment3.68%
Medical Supplies6.70%
Medical Equipment1.28%
Industry PE
  • Investors are most optimistic about the Medical Supplies industry, which is trading close to its 3-year average PE ratio of 37.0x.
    • Analysts are expecting annual earnings growth of 10.0%, which is higher than its past year's earnings growth of 2.5% per year.
  • Investors are most pessimistic about the Medical Equipment industry, which is trading below its 3-year average of 35.5x.
Forecasted Growth
  • Analysts are most optimistic on the Medical Supplies industry, expecting annual earnings growth of 10.0% over the next 5 years.
  • This is better than its past earnings growth rate of 2.5% per year.
  • In contrast, the Medical Equipment industry is expected to see its earnings grow by 8.2% 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¥17.85k8.8%
+JP¥510.9b
33.6%PE37.4x
4543 TerumoJP¥4.30k3.4%
+JP¥106.5b
8.2%PE35.9x
6951 JEOLJP¥4.83k8.1%
+JP¥18.4b
-21.8%PE13.8x
6869 SysmexJP¥9.31k0.9%
+JP¥17.4b
12.7%PE42.6x
7780 MeniconJP¥2.58k2.4%
+JP¥4.6b
-5.4%PE26.6x
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Latest News

7817

JP¥2,312.00

Paramount Bed Holdings

7D

-4.7%

1Y

15.7%

6951

JP¥4,825.00

JEOL

7D

8.1%

1Y

-21.8%

7733

JP¥2,146.50

Olympus

7D

-0.2%

1Y

-20.3%

7749

JP¥2,480.00

MedikitLtd

7D

1.6%

1Y

9.0%

6849

JP¥3,750.00

Nihon Kohden

7D

-1.7%

1Y

23.8%

6960

JP¥4,440.00

Fukuda Denshi

7D

-2.0%

1Y

21.1%

7780

JP¥2,581.00

Menicon

7D

2.4%

1Y

-5.4%

7747

JP¥2,732.00

Asahi Intecc

7D

0.1%

1Y

44.9%

4543

JP¥4,301.00

Terumo

7D

3.4%

1Y

8.2%

6869

JP¥9,314.00

Sysmex

7D

0.9%

1Y

12.7%

7716

JP¥2,910.00

Nakanishi

7D

-1.5%

1Y

14.7%

7741

JP¥17,845.00

HOYA

7D

8.8%

1Y

33.6%

4549

JP¥1,480.00

Eiken Chemical

7D

-6.3%

1Y

-9.8%

3593

JP¥3,185.00

Hogy MedicalLtd

7D

-5.8%

1Y

4.8%

7730

JP¥1,642.00

Mani

7D

-3.7%

1Y

11.5%