Medical Devices Valuation Multiples and Public Comps

Medical Devices

See analyst estimates and all valuation multiples for Medical Devices

Company	EV	EV/LTM Revenue	EV/LTM EBITDA
Samsung	$558B	2.5x	9.5x
Johnson & Johnson	$520B	5.5x	14.5x
Siemens	$278B	3.0x	16.7x
Thermo Fisher Scientific	$265B	6.0x	23.7x
Abbott Laboratories	$224B	5.0x	18.8x
Intuitive Surgical	$203B	20.5x	47.8x
Danaher	$184B	7.5x	24.0x
Boston Scientific	$156B	7.7x	24.7x
Stryker	$154B	6.1x	21.5x
Medtronic	$146B	4.1x	14.5x
Siemens Healthineers	$58.9B	2.1x	10.6x
IDEXX Laboratories	$57.9B	13.5x	38.7x
GE HealthCare	$46.5B	2.3x	12.8x
Edwards Lifesciences	$46.3B	7.7x	25.2x
Agilent	$43.7B	6.3x	21.6x
Alcon	$43.1B	4.2x	16.5x
ResMed	$36.3B	6.8x	17.7x
Philips	$35.8B	1.7x	10.6x
Mindray	$32.8B	6.7x	19.5x
Mettler Toledo	$32.5B	8.1x	26.0x
Steris	$26.9B	4.6x	15.9x
Sartorius Stedim Biotech	$26.9B	7.8x	25.4x
DexCom	$25.5B	5.5x	18.9x
Zimmer Biomet	$25.2B	3.1x	9.2x
Waters	$24.7B	7.8x	21.8x
Fresenius Medical Care	$23.5B	1.0x	5.7x
Coloplast	$23.3B	5.3x	16.2x
Sartorius	$22.9B	5.5x	18.8x
Bausch Health	$22.5B	2.2x	6.3x
Insulet	$20.6B	7.6x	31.9x
Halma	$19.5B	5.9x	23.9x
Baxter International	$18.8B	1.7x	8.4x
Cooper Companies	$18.7B	4.5x	14.6x
Solventum	$18.4B	2.2x	8.3x
Smith & Nephew	$17.2B	2.8x	10.6x
Hologic	$17.1B	4.1x	12.6x
Medpace	$16.6B	6.6x	30.0x
Sonova	$15.5B	3.2x	12.7x
Olympus	$15.1B	2.4x	11.4x
United Imaging	$15.1B	8.4x	49.1x
Fosun Pharma	$13.2B	2.3x	13.9x
Fisher & Paykel	$12.9B	10.2x	30.8x
Penumbra	$12.4B	9.0x	48.2x
Globus Medical	$12.4B	4.3x	14.0x
Shionogi	$12.2B	4.0x	9.8x
Cochlear	$11.5B	6.9x	26.4x
Align Technology	$11.5B	2.9x	11.0x
Bausch & Lomb	$10.8B	2.1x	12.2x
Bruker	$10.0B	2.9x	18.4x
Demant	$9.8B	2.8x	11.6x
Bio-Rad Laboratories	$8.6B	3.3x	18.6x
Salubris Pharmaceuticals	$8.5B	13.1x	54.2x
Masimo	$7.7B	5.1x	17.1x
Caris Life Sciences	$7.7B	10.6x	127.4x
ConvaTec Group	$7.7B	3.2x	12.1x
Getinge	$7.6B	2.0x	10.5x
Teleflex	$7.4B	2.2x	8.2x
Shimadzu	$7.0B	2.0x	11.9x
Mirion Technologies	$6.8B	7.3x	30.0x
Snibe	$6.7B	10.0x	22.4x
Abbott India	$6.4B	8.5x	30.9x
Glaukos	$6.3B	12.8x	-251.8x
Ypsomed	$6.2B	6.8x	17.4x
Sysmex	$6.1B	1.9x	7.8x
iRhythm Technologies	$5.9B	8.1x	95.3x
Merit Medical Systems	$5.6B	3.7x	15.2x
Amplifon	$5.4B	1.9x	8.4x
Lepu Medical Technology	$5.4B	5.7x	19.1x
APT Medical	$5.2B	13.9x	34.1x
Novanta	$5.1B	5.2x	22.8x
QuidelOrtho	$5.0B	1.9x	8.5x
Sectra	$4.9B	13.2x	56.9x
Humanwell Healthcare	$4.8B	1.4x	n/a
ICU Medical	$4.8B	2.2x	12.1x
Asahi Intecc	$4.8B	5.9x	17.8x
Haemonetics	$4.8B	n/a	n/a
TransMedics	$4.7B	7.9x	32.5x
Jiangsu Yuyue Medical	$4.7B	3.9x	18.8x
Envista Holdings	$4.4B	1.6x	12.0x
Carl Zeiss Meditec	$4.3B	1.7x	10.3x
Medacta Group	$4.2B	5.3x	19.1x
Integer Holdings	$4.2B	2.3x	10.5x
MGI Tech	$4.2B	9.5x	93.2x
GN Store Nord	$4.1B	1.6x	10.6x
Grand Pharmaceutical	$3.9B	2.5x	10.0x
Horiba	$3.8B	n/a	n/a
Alphatec Holdings	$3.8B	5.0x	41.8x
Canon Marketing Japan	$3.7B	n/a	n/a
MicroPort Scientific	$3.6B	3.2x	17.8x
Ambu	$3.6B	3.8x	21.2x
LivaNova	$3.4B	2.4x	10.7x
Renishaw	$3.3B	n/a	n/a
AdaptHealth	$3.2B	1.0x	5.0x
PharmaResearch	$3.1B	8.3x	18.9x
Enovis	$3.1B	n/a	n/a
Elekta	$3.0B	1.6x	8.7x
Hamamatsu Photonics	$3.0B	n/a	n/a
Autobio Diagnostics	$2.9B	4.8x	12.2x
Double Medical Technology	$2.9B	7.8x	n/a
Mehow Innovative	$2.8B	11.2x	40.2x
Integra Lifesciences	$2.8B	1.7x	8.9x
Embla Medical	$2.7B	2.9x	14.0x
Inspire Medical Systems	$2.6B	2.8x	14.6x
AddLife	$2.5B	2.2x	14.3x
Tecan Group	$2.3B	2.1x	13.7x
PHC Holdings	$2.3B	1.0x	7.3x
Artivion	$2.3B	n/a	n/a
Jafron Biomedical	$2.2B	7.2x	18.8x
Beijing Balance Medical	$2.2B	n/a	n/a
Establishment Labs	$2.2B	10.3x	-138.4x
Conmed	$2.1B	1.6x	7.7x
UFP Technologies	$2.1B	3.5x	17.4x
Qingdao Baheal Medical	$2.0B	n/a	n/a
Vitrolife	$2.0B	n/a	n/a
AtriCure	$2.0B	3.7x	35.7x
Rigaku	$2.0B	3.4x	13.5x
Nolato	$1.9B	1.8x	10.6x
ChemoMetec	$1.9B	22.4x	40.8x
LeMaitre Vascular	$1.8B	7.1x	24.1x
Nihon Kohden	$1.7B	1.1x	9.8x
4DMedical	$1.7B	328.8x	-85.3x
SonoScape	$1.6B	5.2x	66.0x
PROCEPT BioRobotics	$1.6B	5.0x	-46.5x
Tandem Diabetes Care	$1.6B	1.6x	-29.7x
Axogen	$1.6B	7.1x	56.4x
Draegerwerk	$1.6B	0.4x	3.9x
MicroPort EP	$1.6B	23.1x	137.1x
Heron Neutron Medical	$1.5B	5513.9x	-141.6x
Andon Health	$1.5B	n/a	n/a
Anbio Biotechnology	$1.5B	n/a	n/a
SKAN Group	$1.5B	3.6x	33.7x
Jeol	$1.5B	1.2x	7.1x
Sinocare	$1.5B	2.1x	16.8x
Weigao Group	$1.5B	6.4x	n/a
Oxford Nanopore Techs	$1.4B	4.9x	-11.6x
Cofoe Medical	$1.4B	3.0x	14.9x
MicroPort	$1.4B	6.7x	14.1x
NovoCure	$1.4B	2.1x	-73.9x
Subgen AI	$1.4B	n/a	n/a
Medartis	$1.4B	n/a	n/a
Curiox Biosystems	$1.3B	n/a	n/a
Haier Biomedical	$1.3B	3.9x	16.0x
Kuros Biosciences	$1.3B	8.7x	94.8x
BoneSupport	$1.3B	n/a	n/a
Dynavox Group	$1.3B	4.7x	23.7x
El.En. Group	$1.3B	1.8x	11.4x
Wandong Medical	$1.3B	4.8x	180.3x
iRadimed	$1.2B	14.5x	n/a
Shinva	$1.2B	n/a	n/a
Pacira BioSciences	$1.1B	1.6x	5.6x
SPIMACO - ADDWAEIH	$1.1B	2.4x	13.1x
SS Innovations	$1.1B	n/a	n/a
Fukuda Denshi	$1.1B	1.2x	4.3x
Haohai Biological	$1.1B	2.7x	11.7x
Nanobiotix	$1.0B	23.2x	-56.1x
Pacific Biosciences	$987M	6.3x	-7.0x
Barco	$971M	0.9x	6.5x
Staar Surgical	$938M	3.7x	690.5x
MedCap	$906M	4.0x	19.1x
Butterfly Network	$897M	9.5x	-26.6x
Pulse Biosciences	$895M	2662.6x	n/a
Nakanishi	$891M	1.7x	7.1x
Medmix	$857M	1.5x	7.7x
Bioventus	$818M	1.4x	7.2x
Mani Inc.	$810M	4.1x	11.6x
Varex Imaging	$804M	0.9x	6.7x
MiMedx Group	$780M	1.9x	7.7x
SI-BONE	$778M	3.9x	126.2x
Orthofix Medical	$767M	0.9x	9.1x
Nanosonics	$741M	5.3x	41.6x
Advanced Medical Solutions Group	$728M	2.4x	10.7x
CeriBell	$718M	8.1x	-13.2x
Synektik	$715M	3.2x	12.9x
Revenio Group	$706M	5.4x	18.2x
MedicalSystem Technology	$687M	14.0x	55.9x
Japan Lifeline	$678M	1.8x	7.2x
Beta Bionics	$666M	6.9x	-11.7x
Sunmax Biotechnology	$655M	n/a	n/a
Xvivo Perfusion	$652M	7.5x	40.5x
Kaken Pharmaceutical	$651M	1.2x	10.2x
Avanos Medical	$636M	0.9x	8.3x
Pyridam Farma	$624M	n/a	n/a
Mesa Laboratories	$618M	2.5x	10.8x
SD Biosensor	$615M	n/a	n/a
Tactile Medical	$611M	1.9x	15.8x
Lumibird	$600M	2.3x	11.3x
Medios	$595M	0.3x	5.7x
NeuroPace	$568M	5.8x	-50.7x
Guerbet	$566M	0.6x	5.4x
Polynovo	$558M	5.9x	52.8x
Synmosa Biopharma	$552M	n/a	n/a
Alpha Tau Medical	$532M	n/a	-13.5x
Zepp Health	$528M	2.0x	-26.9x
IBA Group	$512M	0.7x	10.4x
OrthoPediatrics	$501M	2.1x	31.3x
Nextbiomedical	$491M	39.6x	3553.1x
Cytek Biosciences	$460M	2.3x	547.4x
Medistim	$456M	6.6x	21.2x
Owlet	$449M	4.3x	288.9x
Stratec	$442M	1.5x	9.5x
ClearPoint Neuro	$441M	12.1x	-34.5x
Coltene	$441M	1.5x	11.6x
Ever Supreme Bio Technology	$439M	13.5x	n/a
Standard BioTools	$425M	5.3x	-7.2x
Knight Therapeutics	$420M	1.3x	9.3x
Cerus	$415M	1.8x	41.6x
CellaVision	$404M	4.9x	15.4x
Semler Scientific	$402M	14.4x	-8.8x
BrainsWay	$395M	n/a	n/a
InMode	$386M	1.0x	4.1x
Universal Vision	$375M	2.8x	6.4x
NIOX Group	$372M	5.9x	18.0x
AngioDynamics	$367M	1.2x	50.2x
NN	$363M	0.9x	6.9x
Sofwave Medical	$350M	n/a	n/a
Asterasys	$335M	11.8x	31.5x
Sight Sciences	$328M	4.3x	-11.9x
Imricor Medical Systems	$320M	287.4x	-15.7x
IVF hartmann	$316M	n/a	n/a
TriSalus Life Sciences	$301M	6.7x	-16.5x
VieMed	$289M	1.1x	4.8x
Profound Medical	$286M	16.2x	-7.3x
EBR Systems	$286M	253.2x	-6.3x
Quanterix	$282M	2.1x	-3.6x
SANUWAVE Health	$281M	6.3x	21.1x
Delcath Systems	$277M	3.3x	11.8x
Onward Medical	$272M	39.5x	-5.7x
Eurobio Scientific	$271M	1.4x	8.4x
Sisram Medical	$269M	n/a	n/a
CapsoVision	$269M	19.3x	-10.3x
Quipt Home Medical	$262M	1.0x	4.5x
TaiDoc	$251M	n/a	n/a
Sanara MedTech	$250M	2.4x	n/a
JETEMA Co.	$241M	4.6x	17.7x
Agfa-Gevaert	$226M	0.2x	4.2x
SmartVest	$226M	3.3x	14.9x
Nyxoah	$220M	24.1x	-2.4x
Accuray	$216M	0.5x	8.5x
Median Technologies	$213M	7.8x	-11.6x
Neuronetics	$204M	1.4x	-9.8x
Vuno	$204M	n/a	n/a
InfuSystem	$200M	1.4x	6.6x
Treace Medical Concepts	$198M	0.9x	-29.4x
Anteris Technologies Glb	$193M	104.2x	-2.3x
Orchestra BioMed	$191M	55.8x	-2.4x
Lucid Diagnostics	$186M	40.5x	-3.6x
Ilex Medical	$184M	n/a	n/a
Panion & Bf Biotech	$183M	2.8x	n/a
Deltex Medical Group	$183M	n/a	n/a
Anteris Technologies US	$181M	100.4x	-2.3x
Orthocell	$178M	22.6x	-31.4x
CVRx	$178M	3.2x	-4.0x
PhotoCure	$174M	3.1x	26.0x
Aroa Biosurgery	$168M	3.0x	45.8x
Detection Technology	$158M	1.3x	11.3x
Apyx Medical	$157M	3.1x	-30.2x
BICO Group	$157M	0.9x	162.6x
Nano X Imaging	$157M	11.8x	n/a
CROSSJECT	$154M	8.2x	-65.4x
Laxmi Dental	$148M	4.7x	25.7x
RxSight	$148M	1.1x	-3.8x
Ascom	$144M	n/a	n/a
Pro-Dex	$139M	2.1x	n/a
SDI Group	$139M	1.4x	7.6x
EKF Diagnostics	$136M	2.0x	8.6x
Edap TMS	$134M	1.9x	-6.3x
Onyx Healthcare	$133M	n/a	n/a
AVITA Medical	$125M	1.8x	-3.1x
Paxman	$125M	3.6x	36.1x
Trinity Biotech	$125M	n/a	n/a
LENSAR	$124M	2.0x	n/a
Rapid Micro Biosystems	$122M	3.6x	-2.9x
Svas Biosana	$118M	0.7x	5.4x
Xtant Medical	$118M	0.9x	8.2x
Nexstim	$117M	n/a	n/a
Emvision	$111M	29.6x	-19.5x
Surgical Science	$111M	1.0x	6.8x
Utah Medical	$108M	n/a	n/a
Affluent Medical	$106M	377.2x	-6.1x
Medicalgorithmics	$106M	12.4x	-63.2x
OssDsign	$104M	5.2x	-33.7x
Fonar	$102M	n/a	n/a
Trajan Gr Hldgs	$102M	0.9x	9.6x
Sera Prognostics	$102M	948.2x	-2.8x
SomnoMed	$99.4M	1.3x	14.6x
C-Rad	$98.6M	2.0x	12.5x
Sedana Medical	$95.3M	4.3x	-76.1x
Austco Healthcare	$93.6M	1.5x	8.7x
Zomedica	$90.3M	n/a	n/a
Optomed	$88.9M	4.4x	-32.2x
Sequana Medical	$88.4M	108.2x	-3.9x
908 Devices	$87.7M	1.6x	-4.7x
Darya-Varia Laboratoria	$86.6M	n/a	n/a
Inogen	$85.9M	0.2x	45.2x
Klea	$84.0M	n/a	n/a
HeartBeam	$80.8M	n/a	-3.8x
Bactiguard	$80.8M	3.4x	30.7x
BATM Advanced Communications	$78.1M	0.6x	8.7x
Senzime	$77.8M	6.7x	-8.9x
Hyperfine	$76.8M	5.8x	-2.2x
Biosynex	$73.6M	n/a	n/a
Daxor	$71.8M	n/a	n/a
Meditera	$71.0M	n/a	n/a
Carmat	$69.4M	n/a	n/a
Susmed	$69.0M	23.4x	n/a
Baird Medical Investment	$67.8M	n/a	n/a
Cyclopharm	$67.2M	n/a	n/a
FluoGuide	$64.5M	n/a	-9.5x
Pulmonx	$64.2M	0.7x	-1.6x
Harvard Bioscience	$64.1M	0.7x	8.1x
Optiscan Imaging	$63.9M	n/a	n/a
Wellgistics Health	$62.2M	n/a	n/a
CytoSorbents	$61.7M	1.6x	n/a
TELA Bio	$60.8M	0.8x	-1.9x
Biohit	$58.9M	3.3x	17.6x
AOTI	$57.8M	n/a	n/a
Anatolia Geneworks	$57.0M	n/a	n/a
Q-linea	$56.7M	24.9x	-3.4x
Diagnostic Medical	$55.4M	0.9x	11.4x
Elutia	$55.3M	3.0x	-6.2x
TempraMed Technologies	$54.5M	n/a	n/a
Sensus Healthcare	$54.3M	1.8x	-6.4x
Mauna Kea Technologies	$54.1M	6.1x	-9.3x
Modulight	$49.0M	5.6x	-49.5x
Allurion	$47.9M	3.3x	-2.0x
Ortoma	$46.7M	n/a	n/a
Implanet	$46.5M	n/a	n/a
Spectral AI	$46.4M	2.5x	n/a
Theraclion	$43.2M	n/a	n/a
electroCore	$42.9M	1.3x	-3.3x
Boule Diagnostics	$42.1M	0.8x	9.1x
Mentice	$42.1M	1.4x	-772.3x
Quantum-Si	$41.7M	15.1x	-0.5x
Nortech Systems	$41.6M	n/a	n/a
Impedimed	$41.4M	3.9x	-4.0x
Renalytix	$41.4M	13.5x	n/a
SMAIO	$41.2M	3.5x	-50.4x
Perspective Therapeutics	$40.3M	37.8x	-0.4x
Icecure Medical	$39.3M	10.7x	n/a
Creo Medical Group	$39.1M	4.8x	-2.0x
Painchek	$38.6M	n/a	n/a
NeuroOne Medical	$37.9M	3.2x	n/a
Myomo	$37.7M	0.9x	-3.0x
Medinice	$35.9M	n/a	n/a
AnteoTech	$34.6M	38.0x	-15.2x
Modular Medical	$33.2M	n/a	n/a
Inspira Technologies	$31.8M	17.8x	-3.0x
Promimic	$29.6M	n/a	n/a
Vivos	$29.6M	n/a	n/a
Integrum	$29.6M	2.3x	-29.7x
Baumer	$29.3M	n/a	n/a
Acarix	$29.1M	39.3x	-6.2x
Finemedix	$28.2M	n/a	n/a
BrainCool	$27.2M	5.4x	-8.6x
Scandinavian Medical	$26.9M	0.7x	17.2x
Profusa	$26.2M	n/a	n/a
Medclair	$25.7M	n/a	n/a
Iridex	$25.0M	n/a	n/a
IMD International Medical	$23.2M	n/a	n/a
aap Implantate	$22.6M	n/a	n/a
Clinical Laserthermia	$21.5M	7.1x	-11.4x
Cambridge Cognition	$19.0M	1.5x	-43.7x
Observe Medical	$18.9M	n/a	n/a
Advanced Medical	$18.2M	n/a	n/a
Vicarious Surgical	$18.0M	n/a	-0.4x
ViroGates	$17.5M	n/a	n/a
Envoy Medical	$17.1M	85.3x	n/a
Bluelinea	$16.1M	n/a	n/a
Genomtec	$15.3M	n/a	n/a
BibbInstruments	$14.8M	n/a	n/a
BioRegenx	$14.6M	n/a	n/a
Spineguard	$14.5M	3.2x	-11.4x
Biofrontera	$14.0M	n/a	n/a
NanoRepro	$14.0M	0.8x	-5.4x
Polyrizon	$13.9M	n/a	n/a
WORK Medical Tech Gr	$13.7M	n/a	n/a
Pulsenmore	$13.4M	n/a	n/a
Epigenomics	$13.3M	n/a	n/a
InspireMD	$12.8M	1.5x	-0.3x
SciBase Holding	$12.3M	2.8x	-1.5x
Bioretec	$12.3M	2.4x	-1.3x
Bionano Genomics	$11.7M	0.4x	n/a
Sds Optic	$9.9M	n/a	n/a
Lifeward	$9.7M	0.4x	n/a
Arcoma	$9.5M	0.7x	5.5x
Adiuvo Investments	$9.4M	n/a	n/a
Geratherm Medical	$9.3M	n/a	n/a
Nestmedic	$8.7M	n/a	n/a
AMA Corp	$8.4M	n/a	n/a
Bio-Gate	$8.1M	0.9x	-7.4x
Lifecare	$8.0M	n/a	n/a
Inventionmed	$7.4M	n/a	n/a
BBS-Bioactive Bone	$7.3M	n/a	n/a
Outset Medical	$6.7M	0.1x	-0.2x
Neola Medical	$6.6M	n/a	-5.8x
ScandiDos	$6.4M	n/a	n/a
SensoDetect	$6.0M	n/a	n/a
Redsense Medical	$5.9M	n/a	n/a
Scandinavian Real Heart	$5.4M	n/a	n/a
Predict	$5.2M	0.6x	4.5x
Pheton Holdings	$5.1M	n/a	n/a
Massmedica	$5.1M	n/a	n/a
CM International	$5.0M	n/a	n/a
Spineway	$5.0M	n/a	n/a
Labo Euromed	$4.7M	0.1x	2.4x
Luxbright	$4.6M	n/a	n/a
PolarCool	$4.6M	n/a	n/a
Episurf Medical	$4.5M	3.0x	-0.9x
Iconovo	$4.5M	4.3x	-1.8x
Qlife Holding	$4.4M	n/a	n/a
Zenicor Medical Systems	$4.1M	n/a	n/a
Invent Medic Sweden	$4.1M	n/a	n/a
Milton Essex	$3.3M	n/a	n/a
Monivent	$3.1M	n/a	n/a
Perpetua Medical	$3.0M	n/a	n/a
SpectraCure	$3.0M	n/a	n/a
Co-Diagnostics	$3.0M	6.2x	n/a
PExA	$2.7M	n/a	n/a
Phase Holographic	$2.3M	n/a	n/a
VibroSense Dynamics	$2.3M	n/a	n/a
Grupa Modne Zakupy	$1.8M	n/a	n/a
EvokAI Creative Labs	$1.5M	n/a	n/a
Altamira Therapeutics	$1.4M	n/a	n/a
Inhalation Sciences SWE	$1.2M	n/a	n/a
Lucyd	$0.3M	0.1x	-0.0x
Chordate Medical Holding	-$0.2M	n/a	n/a
Nuwellis	-$0.9M	-0.1x	n/a
OraSure	-$14.4M	-0.1x	0.3x
enVVeno Medical	-$22.9M	n/a	n/a