Does Abbott Laboratories (NYSE:ABT) Deserve A Spot On Your Watchlist?
Feb 05
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U.S. Medical Equipment Industry Analysis
UpdatedFeb 06, 2025
DataAggregated Company Financials
Companies241
- 7D1.6%
- 3M8.8%
- 1Y14.0%
- YTD11.5%
Over the last 7 days, the Medical Equipment industry has risen 1.6%, driven by gains in Abbott Laboratories and Intuitive Surgical of 3.3% and 3.2%, respectively. This takes the industry's 12 month performance to a gain of 14%. Looking forward, earnings are forecast to grow by 12% annually.
Industry Valuation and Performance
Has the U.S. Medical Equipment Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 06 Feb 2025 | US$1.4t | US$286.9b | US$30.5b | 35.5x | 46.6x | 4.9x |
| Sat, 04 Jan 2025 | US$1.3t | US$284.0b | US$23.6b | 34.5x | 54.7x | 4.5x |
| Mon, 02 Dec 2024 | US$1.4t | US$283.9b | US$23.4b | 37.6x | 57.7x | 4.8x |
| Wed, 30 Oct 2024 | US$1.3t | US$281.3b | US$22.6b | 36.7x | 58.1x | 4.7x |
| Fri, 27 Sep 2024 | US$1.3t | US$279.4b | US$22.2b | 39.9x | 58.8x | 4.7x |
| Sun, 25 Aug 2024 | US$1.3t | US$279.6b | US$22.2b | 35.4x | 58.4x | 4.6x |
| Tue, 23 Jul 2024 | US$1.3t | US$277.1b | US$22.8b | 39x | 55.1x | 4.5x |
| Thu, 20 Jun 2024 | US$1.2t | US$276.4b | US$22.7b | 36.4x | 54.9x | 4.5x |
| Sat, 18 May 2024 | US$1.3t | US$277.1b | US$23.0b | 37.9x | 55.6x | 4.6x |
| Mon, 15 Apr 2024 | US$1.3t | US$274.1b | US$23.9b | 38.1x | 52.6x | 4.6x |
| Wed, 13 Mar 2024 | US$1.3t | US$266.0b | US$22.7b | 39.3x | 56.8x | 4.8x |
| Fri, 09 Feb 2024 | US$1.3t | US$264.5b | US$22.2b | 35.9x | 56.9x | 4.8x |
| Sun, 07 Jan 2024 | US$1.2t | US$267.4b | US$20.1b | 37.9x | 59.6x | 4.5x |
| Tue, 05 Dec 2023 | US$1.1t | US$267.4b | US$20.1b | 35.8x | 57.1x | 4.3x |
| Thu, 02 Nov 2023 | US$1.0t | US$265.3b | US$15.6b | 33.7x | 66.4x | 3.9x |
| Sat, 30 Sep 2023 | US$1.1t | US$263.8b | US$15.0b | 34x | 75x | 4.3x |
| Mon, 28 Aug 2023 | US$1.2t | US$263.7b | US$15.0b | 35.2x | 78.4x | 4.5x |
| Wed, 26 Jul 2023 | US$1.3t | US$260.0b | US$15.9b | 37.4x | 81.2x | 5x |
| Fri, 23 Jun 2023 | US$1.3t | US$261.2b | US$16.2b | 37x | 78.5x | 4.9x |
| Sun, 21 May 2023 | US$1.3t | US$260.9b | US$16.7b | 36.3x | 75.3x | 4.8x |
| Tue, 18 Apr 2023 | US$1.2t | US$260.1b | US$18.5b | 37.3x | 66.2x | 4.7x |
| Thu, 16 Mar 2023 | US$1.1t | US$260.4b | US$18.4b | 37.7x | 61.8x | 4.4x |
| Sat, 11 Feb 2023 | US$1.2t | US$261.3b | US$19.4b | 35.2x | 60.9x | 4.5x |
| Mon, 09 Jan 2023 | US$1.2t | US$262.2b | US$20.8b | 32.6x | 56.4x | 4.5x |
| Wed, 07 Dec 2022 | US$1.1t | US$244.3b | US$19.0b | 32.7x | 57.6x | 4.5x |
| Fri, 04 Nov 2022 | US$1.1t | US$244.9b | US$22.2b | 32.4x | 47.3x | 4.3x |
| Sun, 02 Oct 2022 | US$1.0t | US$244.6b | US$26.2b | 32.6x | 38.2x | 4.1x |
| Tue, 30 Aug 2022 | US$1.1t | US$244.5b | US$26.8b | 33.9x | 40.4x | 4.4x |
| Thu, 28 Jul 2022 | US$1.1t | US$242.7b | US$26.9b | 35.3x | 41.5x | 4.6x |
| Sat, 25 Jun 2022 | US$1.1t | US$243.5b | US$26.2b | 34.8x | 40.6x | 4.4x |
| Mon, 23 May 2022 | US$1.1t | US$243.5b | US$26.1b | 35.2x | 43.5x | 4.7x |
| Wed, 20 Apr 2022 | US$1.3t | US$233.9b | US$25.9b | 39x | 51.2x | 5.7x |
| Fri, 18 Mar 2022 | US$1.3t | US$233.5b | US$26.0b | 42.5x | 49.9x | 5.6x |
| Sun, 13 Feb 2022 | US$1.3t | US$229.1b | US$27.7b | 45.6x | 46.7x | 5.7x |
Price to Earnings Ratio
46.7x
Current Industry PE
- Investors are pessimistic on the American 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 46.6x which is lower than its 3-year average PE of 57.2x.
- The industry is trading close to its 3-year average PS ratio of 4.6x.
Past Earnings Growth
- The earnings for companies in the Medical Equipment industry have grown 3.2% per year over the last three years.
- Revenues for these companies have grown 7.8% 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 U.S. Healthcare industry?
| US Market | 0.55% | |
| Healthcare | 1.37% | |
| Medical Equipment | 1.59% | |
| Medical Equipment | 1.78% | |
| Medical Supplies | -1.20% | |
Industry PE
- Investors are most optimistic about the Medical Supplies industry which is trading above its 3-year average PE ratio of 41.5x.
- Analysts are expecting annual earnings growth of 27.6%, which is higher than its past year's earnings growth of 20.8% per year.
- Investors are most pessimistic about the Medical Equipment industry, which is trading below its 3-year average of 54.8x.
Forecasted Growth
- Analysts are most optimistic on the Medical Supplies industry, expecting annual earnings growth of 28% over the next 5 years.
- This is better than its past earnings growth rate of 21% per year.
- In contrast, the Medical Equipment industry is expected to see its earnings grow by 11% 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 | |
|---|---|---|---|---|---|
| ABT Abbott Laboratories | US$132.06 | 3.3% +US$7.3b | 16.5% | PE17.1x | |
| ISRG Intuitive Surgical | US$590.90 | 3.2% +US$6.8b | 51.0% | PE90.7x | |
| IDXX IDEXX Laboratories | US$468.55 | 11.9% +US$4.1b | -18.1% | PE43.2x | |
| BSX Boston Scientific | US$104.97 | 2.2% +US$3.3b | 60.9% | PE83.4x | |
| SYK Stryker | US$399.09 | 2.1% +US$3.1b | 16.4% | PE50.8x |
