Globus Medical, Inc.

NYSE:GMED Stock Report

Market Cap: US$11.3b

Globus Medical Valuation

Is GMED undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of GMED when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: GMED ($82.63) is trading below our estimate of fair value ($284.05)

Significantly Below Fair Value: GMED is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for GMED?

Key metric: As GMED is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for GMED. This is calculated by dividing GMED's market cap by their current earnings.
What is GMED's PE Ratio?
PE Ratio122.9x
EarningsUS$91.51m
Market CapUS$11.25b

Price to Earnings Ratio vs Peers

How does GMED's PE Ratio compare to its peers?

The above table shows the PE ratio for GMED vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average101.8x
SWAV Shockwave Medical
76.9x18.4%US$12.6b
MASI Masimo
115.5x30.0%US$9.1b
PODD Insulet
44.4x2.0%US$18.7b
INSP Inspire Medical Systems
170.3x34.0%US$5.6b
GMED Globus Medical
122.9x49.5%US$11.3b

Price-To-Earnings vs Peers: GMED is expensive based on its Price-To-Earnings Ratio (122.9x) compared to the peer average (101.8x).

Price to Earnings Ratio vs Industry

How does GMED's PE Ratio compare vs other companies in the US Medical Equipment Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
MHUA Meihua International Medical Technologies
0.9xn/aUS$8.04m
PAVM PAVmed
0.4x-90.0%US$6.39m
RTSL Rapid Therapeutic Science Laboratories
0.3xn/aUS$18.99k
No more companies available in this PE range
GMED 122.9xIndustry Avg. 35.2xNo. of Companies9PE020406080100+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: GMED is expensive based on its Price-To-Earnings Ratio (122.9x) compared to the US Medical Equipment industry average (35.2x).

Price to Earnings Ratio vs Fair Ratio

What is GMED's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

GMED PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio122.9x
Fair PE Ratio62x

Price-To-Earnings vs Fair Ratio: GMED is expensive based on its Price-To-Earnings Ratio (122.9x) compared to the estimated Fair Price-To-Earnings Ratio (62x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst GMED forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$82.63
US$94.23
+14.0%
9.0%US$115.00US$80.00n/a13
Dec ’25US$85.61
US$90.54
+5.8%
7.8%US$100.00US$80.00n/a13
Nov ’25US$74.88
US$79.54
+6.2%
12.6%US$100.00US$55.00n/a13
Oct ’25US$70.40
US$79.31
+12.7%
12.7%US$100.00US$55.00n/a13
Sep ’25US$72.70
US$79.31
+9.1%
12.7%US$100.00US$55.00n/a13
Aug ’25US$70.10
US$72.69
+3.7%
11.5%US$85.00US$55.00n/a13
Jul ’25US$67.92
US$71.00
+4.5%
12.1%US$85.00US$55.00n/a13
Jun ’25US$67.11
US$70.54
+5.1%
12.0%US$85.00US$55.00n/a13
May ’25US$50.43
US$64.89
+28.7%
14.2%US$83.00US$55.00n/a14
Apr ’25US$53.13
US$65.31
+22.9%
14.4%US$83.00US$55.00n/a13
Mar ’25US$54.45
US$65.75
+20.8%
14.7%US$83.00US$55.00n/a12
Feb ’25US$52.48
US$64.75
+23.4%
16.1%US$83.00US$53.00n/a12
Jan ’25US$53.29
US$64.83
+21.7%
16.5%US$86.00US$53.00n/a12
Dec ’24US$46.01
US$63.58
+38.2%
16.4%US$86.00US$53.00US$85.6112
Nov ’24US$45.99
US$66.58
+44.8%
13.8%US$86.00US$55.00US$74.8812
Oct ’24US$49.65
US$66.36
+33.7%
9.9%US$77.00US$58.00US$70.4011
Sep ’24US$54.23
US$67.18
+23.9%
8.8%US$77.00US$60.00US$72.7011
Aug ’24US$58.98
US$67.36
+14.2%
8.3%US$77.00US$60.00US$70.1011
Jul ’24US$59.54
US$67.00
+12.5%
8.4%US$77.00US$60.00US$67.9211
Jun ’24US$55.01
US$67.00
+21.8%
8.4%US$77.00US$60.00US$67.1111
May ’24US$58.08
US$67.36
+16.0%
7.9%US$77.00US$61.00US$50.4311
Apr ’24US$56.64
US$66.58
+17.6%
8.6%US$77.00US$58.00US$53.1312
Mar ’24US$57.88
US$67.17
+16.0%
7.7%US$77.00US$61.00US$54.4512
Feb ’24US$77.08
US$78.29
+1.6%
9.2%US$90.00US$65.00US$52.4814
Jan ’24US$74.27
US$74.00
-0.4%
9.4%US$90.00US$65.00US$53.2914
Dec ’23US$75.50
US$72.64
-3.8%
7.9%US$90.00US$65.00US$46.0114

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 02:08
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Globus Medical, Inc. is covered by 28 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jason WittesAegis Capital Corporation
Ishan MajumdarBaptista Research
Matt MiksicBarclays