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Norwegian (OSEAX) Medical Equipment Industry Analysis

UpdatedMay 27, 2026
DataAggregated Company Financials
Companies4
  • 7D4.7%
  • 3M7.0%
  • 1Y-29.0%
  • YTD-17.1%

Over the last 7 days, the Medical Equipment industry has dropped 3.8%, driven by declines from every company within the industry. Overall the industry is down 33% in 12 months. Earnings are forecast to grow by 19% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 27 May 2026NOK 5.2bNOK 922.0m-NOK 43,445,000.0028.2x-119.7x5.6x
Fri, 24 Apr 2026NOK 5.0bNOK 895.1mNOK 123.8m38.9x40.7x5.6x
Sun, 22 Mar 2026NOK 4.7bNOK 895.1mNOK 123.8m34.4x37.8x5.2x
Tue, 17 Feb 2026NOK 4.2bNOK 840.5mNOK 31.7m35.5x132.7x5x
Thu, 15 Jan 2026NOK 5.3bNOK 836.5mNOK 61.2m25.8x86.7x6.3x
Sat, 13 Dec 2025NOK 5.6bNOK 836.5mNOK 61.2m26.7x91.5x6.7x
Mon, 10 Nov 2025NOK 5.4bNOK 837.5mNOK 110.9m25.8x48.6x6.4x
Wed, 08 Oct 2025NOK 5.4bNOK 794.3mNOK 99.0m26.8x54.9x6.8x
Fri, 05 Sep 2025NOK 5.8bNOK 794.3mNOK 99.0m28.1x58.2x7.3x
Sun, 03 Aug 2025NOK 5.3bNOK 795.1mNOK 27.4m27.8x192.9x6.6x
Tue, 01 Jul 2025NOK 5.0bNOK 789.7mNOK 34.1m25.6x147.6x6.4x
Thu, 29 May 2025NOK 4.8bNOK 789.7m-NOK 34,178,000.0024.6x-141.1x6.1x
Sat, 26 Apr 2025NOK 3.8bNOK 736.4m-NOK 49,598,000.0022.5x-77.4x5.2x
Mon, 24 Mar 2025NOK 4.3bNOK 742.8m-NOK 50,585,000.0024.1x-85x5.8x
Wed, 19 Feb 2025NOK 4.0bNOK 738.1mNOK 41.6m22.8x95.3x5.4x
Fri, 17 Jan 2025NOK 3.7bNOK 740.2m-NOK 1,466,211.00153x-2495.1x4.9x
Sun, 15 Dec 2024NOK 3.8bNOK 740.2m-NOK 1,466,211.00149.7x-2588.1x5.1x
Tue, 12 Nov 2024NOK 3.2bNOK 725.1mNOK 56.2m155.5x57.8x4.5x
Thu, 10 Oct 2024NOK 3.8bNOK 715.8mNOK 54.7m29.6x70.2x5.4x
Sat, 07 Sep 2024NOK 4.5bNOK 731.9mNOK 4.8m32.3x934x6.1x
Mon, 05 Aug 2024NOK 4.3bNOK 713.9m-NOK 5,474,403.0029.1x-782.6x6x
Wed, 03 Jul 2024NOK 4.5bNOK 713.9m-NOK 5,474,403.0030.2x-813.4x6.2x
Fri, 31 May 2024NOK 4.5bNOK 713.9m-NOK 5,474,403.0034.3x-826x6.3x
Sun, 28 Apr 2024NOK 4.3bNOK 704.5m-NOK 2,437,211.0030.9x-1753.4x6.1x
Tue, 26 Mar 2024NOK 4.4bNOK 703.0m-NOK 3,507,309.0031.4x-1245x6.2x
Thu, 22 Feb 2024NOK 5.0bNOK 701.7mNOK 6.4m32.6x785.8x7.1x
Sat, 20 Jan 2024NOK 5.2bNOK 693.9mNOK 11.5m33.5x448.7x7.5x
Mon, 18 Dec 2023NOK 4.8bNOK 693.9mNOK 11.5m31.2x418.6x7x
Wed, 15 Nov 2023NOK 4.5bNOK 698.0mNOK 17.9m28.8x254.4x6.5x
Fri, 13 Oct 2023NOK 4.7bNOK 681.6mNOK 7.8m31.6x606.9x7x
Sun, 10 Sep 2023NOK 5.0bNOK 687.1mNOK 14.0m35.5x357.6x7.3x
Tue, 08 Aug 2023NOK 5.6bNOK 664.1mNOK 28.3m39.4x197.5x8.4x
Thu, 06 Jul 2023NOK 6.1bNOK 664.1mNOK 28.3m44.9x216.6x9.2x
Sat, 03 Jun 2023NOK 5.8bNOK 664.1mNOK 28.3m41.3x205x8.7x
Price to Earnings Ratio

205x


Total Market Cap: NOK 5.8bTotal Earnings: NOK 28.3mTotal Revenue: NOK 664.1mTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Medical Equipment Industry Price to Earnings3Y Average -126.4x202420252026
Current Industry PE
  • Investors are pessimistic on the Norwegian Medical Equipment industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The 3-year average PS ratio of 6.4x is higher than the industry's current PS ratio of 5.3x.
Past Earnings Growth
  • Total earnings for the Medical Equipment industry have declined over the last three years, with the industry now making a loss overall.
  • Meanwhile revenues have grown 12% 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, which has decreased profits.

Industry Trends

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

NO Market-1.13%
Healthcare2.92%
Medical Equipment4.65%
Medical Equipment5.90%
Medical Supplies-4.79%
Industry PE
    Forecasted Growth
    • Analysts are most optimistic on the Medical Supplies industry, expecting annual earnings growth of 90% over the next 5 years.
    • In contrast, the Medical Equipment industry is expected to see its earnings grow by 9.2% 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
    		MEDI MedistimNOK 241.006.6%
    +NOK 274.4m    		18.1%PE28.2x

    Latest News

    MEDI
    NOK 241.00
    Medistim
    7D
    6.6%
    1Y
    18.1%
    Narrative Update • May 25

    MEDI: Clinical Trial Momentum And Dividend Visibility Will Support Future Performance

    Analysts have kept Medistim's fair value estimate steady at NOK 315.0. This reflects slightly updated assumptions on discount rate, revenue growth, profit margin and future P/E, without a change in their overall price target stance. What's in the News Medistim ASA plans a board meeting on February 26, 2026, to consider and resolve the annual general meeting and an ordinary dividend for 2025 (company announcement).
    LIFE
    NOK 0.33
    Lifecare
    7D
    -10.8%
    1Y
    -96.1%
    Narrative Update • May 25

    LIFE: Future Regulatory Clearance And Implant Longevity Results Will Support Repricing Potential

    The analyst price target for Lifecare has been revised lower to NOK0.40 from NOK0.65, with analysts highlighting a reduced revenue growth outlook, a lower discount rate, a slightly higher profit margin assumption, and a much higher future P/E input in their updated valuation work. Analyst Commentary Analysts are reassessing Lifecare after the latest valuation update, and the revised inputs around growth, margins, discount rate, and future P/E are shaping both the optimistic and cautious views.
    GENT
    NOK 35.80
    Gentian Diagnostics
    7D
    -4.8%
    1Y
    -40.1%
    Narrative Update • May 12

    GENT: Share Issue Mandate And Dividend Policy Will Support Future Upside

    Analysts have adjusted their price target for Gentian Diagnostics from NOK 67 to NOK 60. They point to updated assumptions for revenue growth, profit margins and future P/E that they see as better reflecting the company’s current risk profile and earnings potential.
    OBSRV
    NOK 1.04
    Observe Medical
    7D
    -2.3%
    1Y
    -3.7%