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Singaporean (SGX) Medical Equipment Industry Analysis

UpdatedFeb 03, 2026
DataAggregated Company Financials
Companies5
  • 7D-15.7%
  • 3M-12.2%
  • 1Y-20.2%
  • YTD-14.8%

Over the last 7 days, the Medical Equipment industry has dropped 13%, driven by a pullback from Riverstone Holdings of 18%. Meanwhile, AJJ Medtech Holdings actually outperformed within the industry, gaining 13% in the last week. Overall the industry is down 17% in 12 months. Looking forward, earnings are forecast to grow by 7.4% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 03 Feb 2026S$1.4bS$679.4mS$39.6m15x34.9x2x
Thu, 01 Jan 2026S$1.5bS$675.1mS$38.2m18.2x40.6x2.3x
Sat, 29 Nov 2025S$1.4bS$673.4mS$37.4m17.4x38.7x2.1x
Mon, 27 Oct 2025S$1.5bS$682.3mS$42.1m16.9x35.3x2.2x
Wed, 24 Sep 2025S$1.3bS$667.8mS$43.3m15.2x31.2x2x
Fri, 22 Aug 2025S$1.3bS$660.9mS$44.7m14.1x28.2x1.9x
Sun, 20 Jul 2025S$1.3bS$643.8mS$46.7m12.6x27.1x2x
Tue, 17 Jun 2025S$1.2bS$642.5mS$46.6m12.3x26.2x1.9x
Thu, 15 May 2025S$1.3bS$643.9mS$46.4m13x27.6x2x
Sat, 12 Apr 2025S$1.5bS$640.3mS$50.0m15.2x30x2.3x
Mon, 10 Mar 2025S$1.7bS$641.0mS$50.6m16.9x33.3x2.6x
Wed, 05 Feb 2025S$1.7bS$604.5mS$52.9m17.4x32.3x2.8x
Fri, 03 Jan 2025S$1.8bS$604.2mS$52.5m18.3x33.9x2.9x
Sun, 01 Dec 2024S$1.7bS$599.1mS$52.0m18x33.3x2.9x
Tue, 29 Oct 2024S$1.5bS$581.0mS$46.4m16x32.8x2.6x
Thu, 26 Sep 2024S$1.5bS$597.8mS$52.6m20.1x28.8x2.5x
Sat, 24 Aug 2024S$1.6bS$567.2mS$34.0m21.5x46.4x2.8x
Mon, 22 Jul 2024S$1.7bS$550.1mS$23.2m24.4x71.2x3x
Wed, 19 Jun 2024S$1.7bS$550.8mS$23.1m25.3x71.6x3x
Fri, 17 May 2024S$1.6bS$550.2mS$23.3m24.6x68.3x2.9x
Sun, 14 Apr 2024S$1.3bS$545.8mS$15.3m24.8x87.2x2.4x
Tue, 12 Mar 2024S$1.2bS$558.2mS$18.0m16.1x69.1x2.2x
Thu, 08 Feb 2024S$1.3bS$563.8m-S$5,503,835.9018.1x-239x2.3x
Sat, 06 Jan 2024S$1.3bS$566.1m-S$1,014,303.0017.8x-1305x2.3x
Mon, 04 Dec 2023S$1.1bS$565.5m-S$1,224,623.0016x-917.7x2x
Wed, 01 Nov 2023S$1.1bS$582.2m-S$729,403.0015x-1457.9x1.8x
Fri, 29 Sep 2023S$1.1bS$586.5mS$10,742.0016.1x103384.1x1.9x
Sun, 27 Aug 2023S$1.1bS$661.8mS$34.2m10.9x33.5x1.7x
Tue, 25 Jul 2023S$1.2bS$703.5mS$52.5m11.2x22x1.6x
Thu, 22 Jun 2023S$1.1bS$702.2mS$51.7m12.1x22x1.6x
Sat, 20 May 2023S$1.2bS$710.9mS$53.5m11.9x21.7x1.6x
Mon, 17 Apr 2023S$1.2bS$766.2mS$74.1m10x16.8x1.6x
Wed, 15 Mar 2023S$1.1bS$775.9mS$72.2m9.4x15.3x1.4x
Fri, 10 Feb 2023S$1.2bS$929.1mS$156.1m8x7.9x1.3x
Price to Earnings Ratio

7.9x


Total Market Cap: S$1.2bTotal Earnings: S$156.1mTotal Revenue: S$929.1mTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Medical Equipment Industry Price to Earnings3Y Average -7x202420252026
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 36.3x which is higher than its 3-year average PE of -7.0x.
  • The industry is trading close to its 3-year average PS ratio of 2.2x.
Past Earnings Growth
  • The earnings for companies in the Medical Equipment industry have declined 37% per year over the last three years,
  • Revenues have also declined 9.9% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

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

SG Market0.35%
Healthcare-4.46%
Medical Equipment-15.66%
Medical Equipment-9.00%
Medical Supplies-16.55%
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 7.4%, which is higher than its past year's earnings decline of 21.3% per year.
Forecasted Growth
  • Analysts are most optimistic on the Medical Supplies industry, expecting annual earnings growth of 7.4% over the next 5 years.
  • This is better than its past earnings decline of 21% per year.
  • In contrast, the Medical Supplies industry is expected to see its earnings grow by 7.4% 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
584 AJJ Medtech HoldingsS$0.00912.5%
+S$1.7m		200.0%PS5.3x

Latest News

8K7
S$0.093
UG Healthcare
7D
-3.1%
1Y
-20.5%
ULG
US$1.68
UltraGreen.ai
7D
-4.0%
1Y
n/a
8YY
S$0.074
Embracing Future Holdings
7D
-11.9%
1Y
208.3%
584
S$0.009
AJJ Medtech Holdings
7D
12.5%
1Y
200.0%
AP4
S$0.73
Riverstone Holdings
7D
-18.0%
1Y
-27.7%