Medistim ASA (OB:MEDI) Stock Rockets 31% As Investors Are Less Pessimistic Than Expected
May 13
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Norwegian (OSEAX) Medical Equipment Industry Analysis
UpdatedMay 21, 2025
DataAggregated Company Financials
Companies4
- 7D1.5%
- 3M25.8%
- 1Y8.7%
- YTD32.3%
In the last week, the Medical Equipment industry is up 24%, with Medistim up 21%. During this same period, the Observe Medical underperformed, falling 8.6%. In the last 12 months, the industry was up 8.8%. Earnings are forecast to grow by 4.0% annually.
Industry Valuation and Performance
Has the Norwegian Medical Equipment Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 21 May 2025 | NOK 4.9b | NOK 789.7m | -NOK 34,178,000.00 | 24.8x | -144.4x | 6.3x |
| Fri, 18 Apr 2025 | NOK 3.8b | NOK 736.4m | -NOK 49,598,000.00 | 22.3x | -77.6x | 5.2x |
| Sun, 16 Mar 2025 | NOK 4.4b | NOK 753.5m | NOK 28.7m | 24.3x | 152.6x | 5.8x |
| Tue, 11 Feb 2025 | NOK 3.9b | NOK 740.2m | -NOK 1,466,211.00 | 180.8x | -2649.3x | 5.2x |
| Thu, 09 Jan 2025 | NOK 3.7b | NOK 740.2m | -NOK 1,466,211.00 | 155.9x | -2501.6x | 5x |
| Sat, 07 Dec 2024 | NOK 3.6b | NOK 740.2m | -NOK 1,466,211.00 | 150.7x | -2456.6x | 4.9x |
| Mon, 04 Nov 2024 | NOK 3.6b | NOK 723.3m | NOK 56.2m | 157.4x | 64.4x | 5x |
| Wed, 02 Oct 2024 | NOK 4.3b | NOK 731.9m | NOK 4.8m | 30.7x | 888.8x | 5.8x |
| Fri, 30 Aug 2024 | NOK 4.3b | NOK 722.6m | NOK 9.0m | 29x | 472.9x | 5.9x |
| Sun, 28 Jul 2024 | NOK 4.4b | NOK 713.9m | -NOK 5,474,403.00 | 29.7x | -800.8x | 6.1x |
| Tue, 25 Jun 2024 | NOK 4.4b | NOK 713.9m | -NOK 5,474,403.00 | 31.6x | -806.3x | 6.2x |
| Thu, 23 May 2024 | NOK 4.3b | NOK 713.9m | -NOK 5,466,403.00 | 33x | -794.1x | 6.1x |
| Sat, 20 Apr 2024 | NOK 4.5b | NOK 704.5m | -NOK 2,437,211.00 | 31.9x | -1835.9x | 6.4x |
| Mon, 18 Mar 2024 | NOK 4.6b | NOK 708.2m | -NOK 3,216,309.00 | 33.6x | -1416.6x | 6.4x |
| Wed, 14 Feb 2024 | NOK 5.1b | NOK 701.7m | NOK 6.4m | 32.8x | 797x | 7.2x |
| Fri, 12 Jan 2024 | NOK 5.2b | NOK 693.9m | NOK 11.5m | 34x | 453.3x | 7.5x |
| Sun, 10 Dec 2023 | NOK 4.8b | NOK 693.9m | NOK 11.5m | 31.5x | 413.9x | 6.9x |
| Tue, 07 Nov 2023 | NOK 4.9b | NOK 698.0m | NOK 17.9m | 32.6x | 272.5x | 7x |
| Thu, 05 Oct 2023 | NOK 5.0b | NOK 681.6m | NOK 7.8m | 32.5x | 638x | 7.3x |
| Sat, 02 Sep 2023 | NOK 5.1b | NOK 687.1m | NOK 14.0m | 36.5x | 366x | 7.5x |
| Mon, 31 Jul 2023 | NOK 5.8b | NOK 664.1m | NOK 28.3m | 41.1x | 202.9x | 8.7x |
| Wed, 28 Jun 2023 | NOK 5.7b | NOK 664.1m | NOK 28.3m | 42.5x | 202.9x | 8.7x |
| Fri, 26 May 2023 | NOK 6.1b | NOK 663.5m | NOK 30.0m | 43.8x | 204.2x | 9.2x |
| Sun, 23 Apr 2023 | NOK 6.1b | NOK 639.8m | NOK 22.1m | 44.4x | 274.3x | 9.5x |
| Tue, 21 Mar 2023 | NOK 5.5b | NOK 644.1m | NOK 23.3m | 39.7x | 235.2x | 8.5x |
| Thu, 16 Feb 2023 | NOK 5.3b | NOK 600.7m | NOK 9.6m | 43.4x | 546.2x | 8.8x |
| Sat, 14 Jan 2023 | NOK 5.1b | NOK 600.7m | NOK 9.6m | 42.1x | 529.5x | 8.5x |
| Mon, 12 Dec 2022 | NOK 5.6b | NOK 600.7m | NOK 9.6m | 47.3x | 580x | 9.3x |
| Wed, 09 Nov 2022 | NOK 5.4b | NOK 593.9m | NOK 4.8m | 45.1x | 1123.9x | 9.1x |
| Fri, 07 Oct 2022 | NOK 5.3b | NOK 578.1m | NOK 7.9m | 46x | 674.6x | 9.2x |
| Sun, 04 Sep 2022 | NOK 5.5b | NOK 578.1m | NOK 7.9m | 46.1x | 689.6x | 9.4x |
| Tue, 02 Aug 2022 | NOK 6.9b | NOK 560.5m | NOK 19.9m | 59.7x | 348.4x | 12.4x |
| Thu, 30 Jun 2022 | NOK 6.7b | NOK 560.5m | NOK 19.9m | 58.4x | 336.7x | 12x |
| Sat, 28 May 2022 | NOK 5.4b | NOK 531.8m | NOK 50.4m | 48.1x | 106.6x | 10.1x |
Price to Earnings Ratio
106.6x
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 7.6x is higher than the industry's current PS ratio of 6.2x.
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 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 | 1.87% | |
| Healthcare | 3.21% | |
| Medical Equipment | 1.54% | |
| Medical Equipment | 1.80% | |
| Medical Supplies | 0.35% | |
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 6.8% over the next 5 years.
- However this is lower than its past earnings growth rate of 20% per year.
- In contrast, the Medical Supplies industry is expected to see its earnings decline by 8.9% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| MEDI Medistim | NOK 213.00 | 1.4% +NOK 54.7m | 15.1% | PE31.6x | |
| LIFE Lifecare | NOK 9.40 | 17.5% +NOK 22.2m | -67.4% | PS16.1x | |
| GENT Gentian Diagnostics | NOK 57.00 | 0.4% +NOK 3.1m | 51.6% | PE18x |
