Investing IdeasBrowse All StocksMarkets

Have your own idea? Try our Stock Screener

Header cover image

Swedish (OMX) Medical Equipment Industry Analysis

UpdatedJan 21, 2025
DataAggregated Company Financials
Companies61
  • 7D3.1%
  • 3M-4.1%
  • 1Y-3.3%
  • YTD2.0%

Over the last 7 days, the Medical Equipment industry has risen 3.1%, driven by gains from Getinge of 4.3%. Meanwhile, Xvivo Perfusion actually underperformed within the industry, shrinking 6.3% in the last week. In contrast, the industry has lost 3.3% in the last 12 months. As for the next few years, earnings are expected to grow by 36% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 21 Jan 2025SEK 161.8bSEK 74.7bSEK 1.8b31.4x88.7x2.2x
Thu, 19 Dec 2024SEK 155.8bSEK 74.7bSEK 1.8b28.2x85.4x2.1x
Sat, 16 Nov 2024SEK 160.4bSEK 75.1bSEK 2.0b33.2x80.5x2.1x
Mon, 14 Oct 2024SEK 177.0bSEK 74.5bSEK 3.1b23.8x56.8x2.4x
Wed, 11 Sep 2024SEK 178.4bSEK 74.5bSEK 3.1b25.7x57.4x2.4x
Fri, 09 Aug 2024SEK 164.9bSEK 74.4bSEK 3.3b27.5x50.6x2.2x
Sun, 07 Jul 2024SEK 160.3bSEK 72.9bSEK 2.6b30x61.1x2.2x
Tue, 04 Jun 2024SEK 169.4bSEK 72.9bSEK 2.8b32.1x59.8x2.3x
Thu, 02 May 2024SEK 174.1bSEK 73.0bSEK 2.7b34.3x64.8x2.4x
Sat, 30 Mar 2024SEK 167.5bSEK 72.3bSEK 2.4b33.1x69x2.3x
Mon, 26 Feb 2024SEK 160.6bSEK 72.0bSEK 2.3b33.8x69.1x2.2x
Wed, 24 Jan 2024SEK 171.6bSEK 71.5bSEK 1.5b47.1x112.4x2.4x
Fri, 22 Dec 2023SEK 169.2bSEK 71.4bSEK 1.5b39.4x110.4x2.4x
Sun, 19 Nov 2023SEK 163.1bSEK 70.0bSEK 1.3b33.7x126.2x2.3x
Tue, 17 Oct 2023SEK 146.3bSEK 68.7bSEK 1.1b26.9x134.7x2.1x
Thu, 14 Sep 2023SEK 151.5bSEK 68.8bSEK 1.1b29.8x143.7x2.2x
Sat, 12 Aug 2023SEK 159.8bSEK 68.0bSEK 921.4m31.6x173.5x2.3x
Mon, 10 Jul 2023SEK 156.2bSEK 67.0bSEK 1.3b33.4x116.4x2.3x
Wed, 07 Jun 2023SEK 178.5bSEK 66.9bSEK 1.3b36.5x132.4x2.7x
Fri, 05 May 2023SEK 180.9bSEK 65.6bSEK 1.4b36.1x128.3x2.8x
Sun, 02 Apr 2023SEK 174.6bSEK 64.0bSEK 1.4b36.4x121.7x2.7x
Tue, 28 Feb 2023SEK 169.4bSEK 62.7bSEK 1.7b40.4x98.1x2.7x
Thu, 26 Jan 2023SEK 172.9bSEK 61.8bSEK 2.3b30.3x74.8x2.8x
Sat, 24 Dec 2022SEK 157.9bSEK 61.8bSEK 2.3b26.4x68.1x2.6x
Mon, 21 Nov 2022SEK 169.4bSEK 61.4bSEK 2.7b25.1x63.8x2.8x
Wed, 19 Oct 2022SEK 167.2bSEK 59.7bSEK 2.8b26.9x60.7x2.8x
Fri, 16 Sep 2022SEK 157.9bSEK 59.7bSEK 2.8b35.3x56.5x2.6x
Sun, 14 Aug 2022SEK 188.2bSEK 58.8bSEK 2.7b35.4x68.6x3.2x
Tue, 12 Jul 2022SEK 195.3bSEK 58.4bSEK 2.9b38.2x66.8x3.3x
Thu, 09 Jun 2022SEK 217.6bSEK 58.3bSEK 2.9b40.3x73.8x3.7x
Sat, 07 May 2022SEK 209.4bSEK 57.3bSEK 2.9b52.3x71.5x3.7x
Mon, 04 Apr 2022SEK 257.2bSEK 56.9bSEK 3.1b60.5x82.8x4.5x
Wed, 02 Mar 2022SEK 248.5bSEK 56.7bSEK 3.6b47.7x69.1x4.4x
Fri, 28 Jan 2022SEK 259.3bSEK 56.9bSEK 3.9b53.7x67.3x4.6x
Price to Earnings Ratio

67.3x


Total Market Cap: SEK 259.3bTotal Earnings: SEK 3.9bTotal Revenue: SEK 56.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Medical Equipment Industry Price to Earnings3Y Average 88.6x202320242025
Current Industry PE
  • Investors are relatively neutral on the Swedish Medical Equipment industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 88.6x.
  • The 3-year average PS ratio of 2.7x is higher than the industry's current PS ratio of 2.2x.
Past Earnings Growth
  • The earnings for companies in the Medical Equipment industry have declined 22% per year over the last three years.
  • Meanwhile revenues for these companies have grown 9.5% 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 Swedish Healthcare industry?

SE Market4.42%
Healthcare1.47%
Medical Equipment3.11%
Medical Equipment3.87%
Medical Supplies0.67%
Industry PE
  • Investors are most optimistic about the Medical Equipment industry, which is trading close to its 3-year average PE ratio of 63.3x.
    • Analysts expect its future annual earnings growth (27.2%) to be largely in line with prior year's earnings growth.
Forecasted Growth
  • Analysts are most optimistic on the Medical Supplies industry, expecting annual earnings growth of 64% over the next 5 years.
  • In contrast, the Medical Equipment industry is expected to see its earnings grow by 27% 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
GETI B GetingeSEK 195.104.3%
+SEK 2.2b		-11.4%PE31.4x
VIMIAN Vimian GroupSEK 39.856.7%
+SEK 1.3b		50.2%PE7093.4x
SUS Surgical Science SwedenSEK 175.0015.7%
+SEK 1.2b		0.9%PE46.2x
EKTA B ElektaSEK 63.503.9%
+SEK 917.0m		-15.6%PE24.2x
CEVI CellaVisionSEK 227.5011.5%
+SEK 560.5m		15.2%PE36.1x
Simply Wall St™
Simply Wall Street Pty Ltd
Level 7, 320 Pitt Street, Sydney
Download on the App StoreGet it on Google Play
Popular Markets
USAUUKINCAZA
About UsCareersPlans & PricingLogin
Help CenterLatest CoveragePodcastsAffiliate ProgramBusiness & EnterpriseWhat's New
Financial Services GuideTerms and ConditionsPrivacy Policy
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Latest News

CEVI

SEK 227.50

CellaVision

7D

11.5%

1Y

15.2%

Is Now The Time To Put CellaVision (STO:CEVI) On Your Watchlist?

Jan 21
Is Now The Time To Put CellaVision (STO:CEVI) On Your Watchlist?

ARJO B

SEK 36.42

Arjo

7D

1.6%

1Y

-15.1%

SUS

SEK 175.00

Surgical Science Sweden

7D

15.7%

1Y

0.9%

STIL

SEK 245.00

Stille

7D

18.4%

1Y

62.8%

Stille AB's (STO:STIL) P/E Is Still On The Mark Following 27% Share Price Bounce

Jan 18
Stille AB's (STO:STIL) P/E Is Still On The Mark Following 27% Share Price Bounce

EKTA B

SEK 63.50

Elekta

7D

3.9%

1Y

-15.6%

What Does Elekta AB (publ)'s (STO:EKTA B) Share Price Indicate?

Jan 17
What Does Elekta AB (publ)'s (STO:EKTA B) Share Price Indicate?

SEZI

SEK 5.90

Senzime

7D

-2.3%

1Y

-26.3%

GETI B

SEK 195.10

Getinge

7D

4.3%

1Y

-11.4%

Does Getinge (STO:GETI B) Have A Healthy Balance Sheet?

Jan 03
Does Getinge (STO:GETI B) Have A Healthy Balance Sheet?

VIMIAN

SEK 39.85

Vimian Group

7D

6.7%

1Y

50.2%

IMP A SDB

SEK 36.20

Implantica

7D

-6.2%

1Y

34.1%

GTAB B

SEK 3.30

Glycorex Transplantation

7D

-15.2%

1Y

161.9%

SPEC

SEK 2.50

SpectraCure

7D

-21.8%

1Y

-30.1%

SEDANA

SEK 16.22

Sedana Medical

7D

4.6%

1Y

-21.6%

XVIVO

SEK 445.00

Xvivo Perfusion

7D

-6.3%

1Y

38.0%

Is There An Opportunity With Xvivo Perfusion AB (publ)'s (STO:XVIVO) 43% Undervaluation?

Dec 06
Is There An Opportunity With Xvivo Perfusion AB (publ)'s (STO:XVIVO) 43% Undervaluation?

OSSD

SEK 10.14

OssDsign

7D

-9.1%

1Y

10.9%

ORT B

SEK 8.36

Ortoma

7D

-5.9%

1Y

-30.3%

Ortoma (STO:ORT B) Is In A Strong Position To Grow Its Business

Nov 13
Ortoma (STO:ORT B) Is In A Strong Position To Grow Its Business

ADDV A

SEK 7.02

ADDvise Group

7D

-2.5%

1Y

-57.7%