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Singaporean (SGX) Medical Equipment Industry Analysis
UpdatedMar 20, 2026
DataAggregated Company Financials
Companies6
- 7D-1.7%
- 3M-1.1%
- 1Y-19.8%
- YTD-13.7%
Over the last 7 days, the Medical Equipment industry has dropped 1.7%, driven by a pullback from Riverstone Holdings of 3.4%. However, the industry is down 20% over the past year. Looking forward, earnings are forecast to grow by 18% annually.
Industry Valuation and Performance
Has the Singaporean Medical Equipment Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 20 Mar 2026 | S$3.0b | S$835.4m | S$102.0m | 24.3x | 29.3x | 3.6x |
| Sun, 15 Feb 2026 | S$1.4b | S$682.0m | S$39.8m | 15.6x | 35.8x | 2.1x |
| Tue, 13 Jan 2026 | S$1.6b | S$674.9m | S$38.1m | 18.5x | 42.2x | 2.4x |
| Thu, 11 Dec 2025 | S$1.5b | S$673.4m | S$37.4m | 17.6x | 39.3x | 2.2x |
| Sat, 08 Nov 2025 | S$1.5b | S$687.1m | S$43.0m | 16.9x | 35x | 2.2x |
| Mon, 06 Oct 2025 | S$1.3b | S$680.2m | S$42.2m | 14.9x | 31.5x | 2x |
| Wed, 03 Sep 2025 | S$1.3b | S$666.8m | S$42.8m | 15.1x | 31.1x | 2x |
| Fri, 01 Aug 2025 | S$1.3b | S$645.6m | S$46.8m | 12.7x | 27.1x | 2x |
| Sun, 29 Jun 2025 | S$1.2b | S$642.2m | S$46.7m | 12.1x | 25.9x | 1.9x |
| Tue, 27 May 2025 | S$1.2b | S$645.3m | S$47.2m | 12.4x | 26.3x | 1.9x |
| Thu, 24 Apr 2025 | S$1.5b | S$640.0m | S$49.7m | 15.6x | 30.9x | 2.4x |
| Sat, 22 Mar 2025 | S$1.6b | S$644.4m | S$50.6m | 15.8x | 31.6x | 2.5x |
| Mon, 17 Feb 2025 | S$1.7b | S$623.2m | S$56.3m | 17.6x | 30.3x | 2.7x |
| Wed, 15 Jan 2025 | S$1.7b | S$603.6m | S$52.2m | 17.7x | 33x | 2.9x |
| Fri, 13 Dec 2024 | S$1.8b | S$601.2m | S$52.4m | 18.1x | 33.5x | 2.9x |
| Sun, 10 Nov 2024 | S$1.5b | S$581.1m | S$46.2m | 16.4x | 33.5x | 2.7x |
| Tue, 08 Oct 2024 | S$1.6b | S$581.6m | S$47.2m | 16.3x | 33.2x | 2.7x |
| Thu, 05 Sep 2024 | S$1.5b | S$588.5m | S$49.2m | 20.2x | 30.4x | 2.5x |
| Sat, 03 Aug 2024 | S$1.5b | S$557.8m | S$25.8m | 22.2x | 59.7x | 2.8x |
| Mon, 01 Jul 2024 | S$1.6b | S$551.0m | S$23.1m | 25.8x | 71.3x | 3x |
| Wed, 29 May 2024 | S$1.6b | S$550.4m | S$23.2m | 25x | 68.4x | 2.9x |
| Fri, 26 Apr 2024 | S$1.4b | S$545.3m | S$15.1m | 25.4x | 93.4x | 2.6x |
| Sun, 24 Mar 2024 | S$1.4b | S$545.1m | S$15.5m | 26.3x | 92.2x | 2.6x |
| Tue, 20 Feb 2024 | S$1.3b | S$557.3m | -S$5,879,192.90 | 17.8x | -222.1x | 2.3x |
| Thu, 18 Jan 2024 | S$1.2b | S$565.5m | -S$1,647,124.00 | 17.1x | -733.8x | 2.1x |
| Sat, 16 Dec 2023 | S$1.3b | S$564.4m | -S$1,256,766.00 | 18.7x | -1045.2x | 2.3x |
| Mon, 13 Nov 2023 | S$1.1b | S$570.0m | -S$1,345,767.00 | 16.1x | -851x | 2x |
| Wed, 11 Oct 2023 | S$1.1b | S$583.8m | -S$363,136.00 | 15.1x | -2975.4x | 1.9x |
| Fri, 08 Sep 2023 | S$1.2b | S$592.1m | S$2.4m | 13.7x | 482.1x | 2x |
| Sun, 06 Aug 2023 | S$1.2b | S$707.4m | S$53.0m | 11.2x | 22x | 1.6x |
| Tue, 04 Jul 2023 | S$1.2b | S$703.1m | S$51.5m | 11.7x | 23x | 1.7x |
| Thu, 01 Jun 2023 | S$1.2b | S$708.3m | S$52.5m | 12.2x | 22.4x | 1.7x |
| Sat, 29 Apr 2023 | S$1.2b | S$763.7m | S$73.2m | 9.5x | 16x | 1.5x |
| Mon, 27 Mar 2023 | S$1.1b | S$778.5m | S$70.4m | 9.4x | 16x | 1.4x |
Price to Earnings Ratio
16x
Current Industry PE
- Investors are pessimistic on the Singaporean Medical Equipment industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 29.3x which is higher than its 3-year average PE of -6.1x.
- The 3-year average PS ratio of 2.3x is lower than the industry's current PS ratio of 3.6x.
Past Earnings Growth
- The earnings for companies in the Medical Equipment industry have grown 13% per year over the last three years.
- Revenues for these companies have grown 2.4% 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 | 1.80% | |
| Healthcare | -0.64% | |
| Medical Equipment | -1.65% | |
| Medical Supplies | -1.58% | |
| Medical Equipment | -3.37% | |
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 18.4%, which is higher than its past year's earnings decline of 18.1% 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 18% 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| ULG UltraGreen.ai | US$1.58 | 1.3% +US$22.1m | n/a | PE34.1x |