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Norwegian (OSEAX) Medical Equipment Industry Analysis

UpdatedFeb 16, 2025
DataAggregated Company Financials
Companies4
  • 7D2.4%
  • 3M17.8%
  • 1Y-25.4%
  • YTD6.4%

Over the last 7 days, the Medical Equipment industry has risen 2.4%, driven by gains from Medistim of 3.2%. In the same time, Lifecare was down 5.1%. However, the industry is down 25% over the past year. Earnings are forecast to grow by 1.1% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 16 Feb 2025NOK 4.0bNOK 738.1mNOK 41.6m22.8x95.7x5.4x
Tue, 14 Jan 2025NOK 3.7bNOK 711.0mNOK 46.2m145.7x79.4x5.2x
Thu, 12 Dec 2024NOK 3.8bNOK 740.2m-NOK 1,466,211.00150.8x-2560.5x5.1x
Sat, 09 Nov 2024NOK 3.4bNOK 741.2mNOK 6.3m154.6x543.9x4.7x
Mon, 07 Oct 2024NOK 3.9bNOK 715.8mNOK 54.7m30.2x71.5x5.5x
Wed, 04 Sep 2024NOK 4.3bNOK 730.0mNOK 4.8m29.8x890x5.9x
Fri, 02 Aug 2024NOK 4.4bNOK 713.9m-NOK 5,474,403.0029.9x-807.9x6.2x
Sun, 30 Jun 2024NOK 4.4bNOK 713.9m-NOK 5,474,403.0030.5x-803.7x6.2x
Tue, 28 May 2024NOK 4.6bNOK 713.9m-NOK 5,474,403.0034.8x-845.2x6.5x
Thu, 25 Apr 2024NOK 4.5bNOK 704.5m-NOK 2,437,211.0032.9x-1865.1x6.5x
Sat, 23 Mar 2024NOK 4.5bNOK 708.2m-NOK 3,216,309.0032x-1387.5x6.3x
Mon, 19 Feb 2024NOK 5.0bNOK 701.7mNOK 6.4m32.6x789.7x7.2x
Wed, 17 Jan 2024NOK 5.2bNOK 693.9mNOK 11.5m34x454.4x7.5x
Fri, 15 Dec 2023NOK 4.8bNOK 693.9mNOK 11.5m31.3x416.9x6.9x
Sun, 12 Nov 2023NOK 4.7bNOK 698.0mNOK 17.9m29.9x262.2x6.7x
Tue, 10 Oct 2023NOK 4.9bNOK 681.6mNOK 7.8m32.4x620.5x7.1x
Thu, 07 Sep 2023NOK 4.7bNOK 687.1mNOK 14.0m32.7x333.4x6.8x
Sat, 05 Aug 2023NOK 5.6bNOK 664.1mNOK 28.3m39.4x197.3x8.4x
Mon, 03 Jul 2023NOK 6.1bNOK 664.1mNOK 28.3m44x215.8x9.2x
Wed, 31 May 2023NOK 5.9bNOK 663.5mNOK 30.0m42.4x198.4x9x
Fri, 28 Apr 2023NOK 5.6bNOK 653.0mNOK 24.0m39.5x233.1x8.6x
Sun, 26 Mar 2023NOK 5.8bNOK 644.1mNOK 23.3m42.5x248.6x9x
Tue, 21 Feb 2023NOK 5.1bNOK 607.2mNOK 10.2m42.1x506.1x8.5x
Thu, 19 Jan 2023NOK 5.0bNOK 600.7mNOK 9.6m41x516x8.3x
Sat, 17 Dec 2022NOK 5.3bNOK 600.7mNOK 9.6m43.8x546.3x8.8x
Mon, 14 Nov 2022NOK 5.8bNOK 593.9mNOK 4.8m48.6x1201.1x9.8x
Wed, 12 Oct 2022NOK 5.3bNOK 578.1mNOK 7.9m45.7x667x9.1x
Fri, 09 Sep 2022NOK 5.1bNOK 578.1mNOK 7.9m41.6x637.7x8.7x
Sun, 07 Aug 2022NOK 6.5bNOK 560.5mNOK 19.9m55.1x328.8x11.7x
Tue, 05 Jul 2022NOK 6.4bNOK 560.5mNOK 19.9m55.7x321.4x11.4x
Thu, 02 Jun 2022NOK 5.6bNOK 531.8mNOK 50.4m50.2x110.6x10.5x
Sat, 30 Apr 2022NOK 5.6bNOK 519.6mNOK 48.6m51.1x115.6x10.8x
Mon, 28 Mar 2022NOK 5.0bNOK 523.2mNOK 56.6m45.1x88x9.5x
Wed, 23 Feb 2022NOK 6.4bNOK 497.8mNOK 54.1m61.9x118.7x12.9x
Price to Earnings Ratio

118.7x


Total Market Cap: NOK 6.4bTotal Earnings: NOK 54.1mTotal Revenue: NOK 497.8mTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Medical Equipment Industry Price to Earnings3Y Average 21.2x202320242025
Current Industry PE
  • Investors are optimistic on the Norwegian Medical Equipment industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 95.7x which is higher than its 3-year average PE of 21.2x.
  • The 3-year average PS ratio of 8.0x is higher than the industry's current PS ratio of 5.4x.
Past Earnings Growth
  • The earnings for companies in the Medical Equipment industry have declined 8.4% per year over the last three years.
  • Meanwhile revenues for these companies have grown 14% 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-0.26%
Healthcare1.04%
Medical Equipment2.39%
Medical Equipment2.57%
Medical Supplies1.65%
Industry PE
  • Investors are most optimistic about the Medical Supplies industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings decline of 0 so the market might believe that analysts are underestimating future growth.
Forecasted Growth
  • Analysts are most optimistic on the Medical Equipment industry, expecting annual earnings growth of 3.3% over the next 5 years.
  • This is better than its past earnings decline of 13% per year.
  • In contrast, the Medical Supplies industry is expected to see its earnings decline by 8.0% 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 160.003.2%
+NOK 91.6m		-23.4%PE28.8x
GENT Gentian DiagnosticsNOK 49.401.6%
+NOK 12.3m		21.4%PE16.8x
OBSRV Observe MedicalNOK 4.300.3%
+NOK 221.5k		-17.7%PS2.8x
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GENT

NOK 49.40

Gentian Diagnostics

7D

1.6%

1Y

21.4%

MEDI

NOK 160.00

Medistim

7D

3.2%

1Y

-23.4%

OBSRV

NOK 4.30

Observe Medical

7D

0.3%

1Y

-17.7%

LIFE

NOK 12.95

Lifecare

7D

-5.1%

1Y

-73.6%