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Singaporean (SGX) Medical Equipment Industry Analysis

UpdatedMay 22, 2026
DataAggregated Company Financials
Companies6
  • 7D0.9%
  • 3M-13.1%
  • 1Y29.3%
  • YTD-13.3%

Over the last 7 days, the Medical Equipment industry has remained flat, although notably AJJ Medtech Holdings declined by 33%. As for the the longer term, the industry is up 29% over the past 12 months. As for the next few years, earnings are expected to grow by 18% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 22 May 2026S$3.1bS$827.8mS$92.9m25.2x33x3.7x
Sun, 19 Apr 2026S$2.9bS$837.9mS$97.6m23.3x29.8x3.5x
Tue, 17 Mar 2026S$3.1bS$835.8mS$102.0m25x30.1x3.7x
Thu, 12 Feb 2026S$1.4bS$679.4mS$39.9m15.9x36.2x2.1x
Sat, 10 Jan 2026S$1.6bS$674.3mS$38.0m18.3x41.8x2.4x
Mon, 08 Dec 2025S$1.5bS$674.3mS$37.6m18x39.8x2.2x
Wed, 05 Nov 2025S$1.6bS$686.8mS$42.8m17.9x36.7x2.3x
Fri, 03 Oct 2025S$1.3bS$679.8mS$42.2m14.8x31.4x1.9x
Sun, 31 Aug 2025S$1.3bS$665.6mS$42.7m14.4x30x1.9x
Tue, 29 Jul 2025S$1.3bS$644.7mS$47.0m12.5x26.8x2x
Thu, 26 Jun 2025S$1.2bS$642.9mS$46.7m11.8x25.4x1.8x
Sat, 24 May 2025S$1.2bS$644.7mS$46.9m12.3x26.1x1.9x
Mon, 21 Apr 2025S$1.5bS$638.3mS$49.3m15.5x30.6x2.4x
Wed, 19 Mar 2025S$1.6bS$642.2mS$50.1m16.3x32.6x2.5x
Fri, 14 Feb 2025S$1.7bS$601.6mS$52.3m17.4x32.4x2.8x
Sun, 12 Jan 2025S$1.8bS$604.8mS$52.5m18.1x33.7x2.9x
Tue, 10 Dec 2024S$1.8bS$600.7mS$52.4m18.3x33.9x3x
Thu, 07 Nov 2024S$1.6bS$582.0mS$46.2m16.5x33.9x2.7x
Sat, 05 Oct 2024S$1.5bS$584.0mS$48.1m15.9x32.1x2.6x
Mon, 02 Sep 2024S$1.5bS$590.2mS$49.8m21x30.8x2.6x
Wed, 31 Jul 2024S$1.6bS$553.5mS$24.2m23x66.8x2.9x
Fri, 28 Jun 2024S$1.6bS$551.1mS$23.1m25.8x71.3x3x
Sun, 26 May 2024S$1.6bS$550.1mS$23.1m24x68.1x2.9x
Tue, 23 Apr 2024S$1.4bS$545.5mS$15.1m23x90x2.5x
Thu, 21 Mar 2024S$1.3bS$543.7mS$15.3m25.6x87.8x2.5x
Sat, 17 Feb 2024S$1.3bS$557.5m-S$5,844,021.3517.8x-224.2x2.4x
Mon, 15 Jan 2024S$1.3bS$566.5m-S$936,504.0017.4x-1380.9x2.3x
Wed, 13 Dec 2023S$1.1bS$566.5m-S$1,292,361.0016.2x-870.2x2x
Fri, 10 Nov 2023S$1.1bS$570.5m-S$1,203,783.0016x-946.6x2x
Sun, 08 Oct 2023S$1.1bS$584.9m-S$124,557.0016x-8777x1.9x
Tue, 05 Sep 2023S$1.1bS$590.4mS$2.5m13.5x448.3x1.9x
Thu, 03 Aug 2023S$1.2bS$707.4mS$53.1m12x22.2x1.7x
Sat, 01 Jul 2023S$1.2bS$704.5mS$51.7m12x22.4x1.6x
Mon, 29 May 2023S$1.2bS$708.8mS$52.7m12x22x1.6x
Price to Earnings Ratio

22x


Total Market Cap: S$1.2bTotal Earnings: S$52.7mTotal Revenue: S$708.8mTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Medical Equipment Industry Price to Earnings3Y Average -5.4x202420252026
Current Industry PE
  • Investors are optimistic on the Singaporean Medical Equipment industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 33.0x which is higher than its 3-year average PE of -5.4x.
  • The 3-year average PS ratio of 2.4x is lower than the industry's current PS ratio of 3.7x.
Past Earnings Growth
  • The earnings for companies in the Medical Equipment industry have grown 21% per year over the last three years.
  • Revenues for these companies have grown 5.3% 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 Singaporean Healthcare industry?

SG Market-0.22%
Healthcare-1.58%
Medical Equipment0.88%
Medical Equipment2.80%
Medical Supplies0.81%
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 growth of 18.5%, which is higher than its past year's earnings decline of 18.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Medical Supplies industry, expecting annual earnings growth of 18% over the next 5 years.
  • This is better than its past earnings decline of 19% per year.
  • In contrast, the Medical Supplies industry is expected to see its earnings grow by 18% 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
ULG UltraGreen.aiUS$1.343.9%
+US$55.2m		n/aPE28.9x
AP4 Riverstone HoldingsS$0.943.3%
+S$44.5m		37.2%PE22.4x
8YY Embracing Future HoldingsS$0.04811.6%
+S$8.7m		108.7%PS15.8x
546 Medtecs InternationalS$0.139.1%
+S$6.0m		1.5%PS0.7x
8K7 UG HealthcareS$0.0894.7%
+S$2.5m		-17.6%PS0.4x

Latest News

AP4
S$0.94
Riverstone Holdings
7D
3.3%
1Y
37.2%
ULG
US$1.34
UltraGreen.ai
7D
3.9%
1Y
n/a
546
S$0.13
Medtecs International
7D
9.1%
1Y
1.5%
8YY
S$0.048
Embracing Future Holdings
7D
11.6%
1Y
108.7%
8K7
S$0.089
UG Healthcare
7D
4.7%
1Y
-17.6%