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Singaporean (SGX) Medical Equipment Industry Analysis

UpdatedJan 06, 2026
DataAggregated Company Financials
Companies5
  • 7D4.0%
  • 3M19.3%
  • 1Y-14.7%
  • YTD-1.8%

Over the last 7 days, the Medical Equipment industry has risen 4.0%, driven by gains from UltraGreen.ai of 28%. In the same time, Vicplas International was down 5.2%. In the past year, the industry is down 15%. 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, 06 Jan 2026S$1.6bS$674.4mS$38.0m18.4x41.9x2.4x
Thu, 04 Dec 2025S$1.5bS$673.9mS$37.6m18x39.7x2.2x
Sat, 01 Nov 2025S$1.6bS$685.6mS$42.7m17.6x36.3x2.3x
Mon, 29 Sep 2025S$1.3bS$668.7mS$43.2m14.4x29.8x1.9x
Wed, 27 Aug 2025S$1.2bS$661.1mS$44.8m13.8x27.8x1.9x
Fri, 25 Jul 2025S$1.3bS$643.6mS$47.0m12.5x26.7x2x
Sun, 22 Jun 2025S$1.2bS$643.0mS$46.6m11.9x25.5x1.8x
Tue, 20 May 2025S$1.3bS$642.9mS$46.2m13.1x28.4x2x
Thu, 17 Apr 2025S$1.5bS$639.4mS$50.0m15.3x30x2.4x
Sat, 15 Mar 2025S$1.6bS$642.9mS$50.2m16.2x32.3x2.5x
Mon, 10 Feb 2025S$1.8bS$604.1mS$52.8m17.9x33.2x2.9x
Wed, 08 Jan 2025S$1.8bS$602.6mS$52.2m18.9x35.2x3x
Fri, 06 Dec 2024S$1.8bS$601.0mS$52.4m18.8x34.7x3x
Sun, 03 Nov 2024S$1.5bS$581.0mS$46.3m16.3x33.4x2.7x
Tue, 01 Oct 2024S$1.5bS$586.2mS$49.3m15.5x30.9x2.6x
Thu, 29 Aug 2024S$1.5bS$568.0mS$34.4m21.1x44.9x2.7x
Sat, 27 Jul 2024S$1.6bS$551.4mS$23.7m23.6x69.4x3x
Mon, 24 Jun 2024S$1.7bS$551.2mS$23.2m26.3x74.2x3.1x
Wed, 22 May 2024S$1.6bS$550.3mS$23.2m24.7x68.9x2.9x
Fri, 19 Apr 2024S$1.4bS$545.5mS$15.1m24.9x91x2.5x
Sun, 17 Mar 2024S$1.2bS$544.1mS$15.6m21.2x76.8x2.2x
Tue, 13 Feb 2024S$1.3bS$564.3m-S$5,490,563.4717.9x-236.9x2.3x
Thu, 11 Jan 2024S$1.3bS$566.5m-S$913,631.0017.7x-1419.5x2.3x
Sat, 09 Dec 2023S$1.1bS$567.2m-S$1,071,270.0015.9x-1047.2x2x
Mon, 06 Nov 2023S$1.1bS$567.4m-S$1,672,516.0015.4x-639.6x1.9x
Wed, 04 Oct 2023S$1.1bS$586.9m-S$27,949.0015.9x-39592.3x1.9x
Fri, 01 Sep 2023S$1.1bS$590.5mS$2.7m13.5x433.1x1.9x
Sun, 30 Jul 2023S$1.2bS$704.8mS$52.8m12.1x22.1x1.7x
Tue, 27 Jun 2023S$1.1bS$702.9mS$51.4m11.3x22.2x1.6x
Thu, 25 May 2023S$1.2bS$708.1mS$52.7m12x22.1x1.6x
Sat, 22 Apr 2023S$1.2bS$764.6mS$73.6m9.8x15.7x1.5x
Mon, 20 Mar 2023S$1.1bS$775.9mS$69.3m9.2x15.7x1.4x
Wed, 15 Feb 2023S$1.3bS$927.4mS$155.5m8.5x8.2x1.4x
Fri, 13 Jan 2023S$1.2bS$926.7mS$155.2m7.9x7.9x1.3x
Price to Earnings Ratio

7.9x


Total Market Cap: S$1.2bTotal Earnings: S$155.2mTotal Revenue: S$926.7mTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Medical Equipment Industry Price to Earnings3Y Average -7.9x202420252026
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 41.9x which is higher than its 3-year average PE of -7.9x.
  • 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 10% 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 Market0.83%
Healthcare0.29%
Medical Equipment4.04%
Medical Equipment40.90%
Medical Supplies1.00%
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
ULG UltraGreen.aiUS$1.7120.4%
+US$319.5m		n/aPE35x
8YY Embracing Future HoldingsS$0.06445.5%
+S$34.7m		128.6%PS44.5x
V8Y Quantum HealthcareS$0.002100.0%
+S$14.4m		0%PS1.9x
AP4 Riverstone HoldingsS$0.880.6%
+S$7.4m		-20.0%PE18.4x
8K7 UG HealthcareS$0.0951.1%
+S$623.8k		-23.4%PS0.4x

Latest News

ULG
US$1.71
UltraGreen.ai
7D
20.4%
1Y
n/a
8YY
S$0.064
Embracing Future Holdings
7D
45.5%
1Y
128.6%
V8Y
S$0.002
Quantum Healthcare
7D
100.0%
1Y
0%
AP4
S$0.88
Riverstone Holdings
7D
0.6%
1Y
-20.0%
569
S$0.091
Vicplas International
7D
-3.2%
1Y
-5.2%
8K7
S$0.095
UG Healthcare
7D
1.1%
1Y
-23.4%