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
Johnson & Johnson	$457B	5.0x	13.7x
Samsung	$272B	1.2x	5.0x
Siemens	$249B	2.7x	15.5x
Abbott Laboratories	$235B	5.4x	20.6x
Thermo Fisher Scientific	$213B	4.9x	19.6x
Intuitive Surgical	$167B	18.0x	43.5x
Danaher	$165B	6.8x	21.6x
Boston Scientific	$164B	8.8x	28.8x
Stryker	$160B	6.6x	23.5x
Medtronic	$139B	4.1x	14.2x
Siemens Healthineers	$58.7B	2.2x	10.6x
IDEXX Laboratories	$53.1B	12.9x	37.8x
Alcon	$47.0B	4.4x	16.9x
Edwards Lifesciences	$42.6B	7.4x	24.0x
ResMed	$41.4B	7.9x	21.2x
GE HealthCare	$40.5B	2.0x	11.0x
Mindray	$37.3B	7.0x	19.1x
Agilent	$35.9B	5.3x	18.3x
Philips	$33.5B	1.6x	10.2x
DexCom	$31.4B	7.1x	24.6x
Mettler Toledo	$29.2B	7.4x	23.5x
Zimmer Biomet	$27.4B	3.4x	10.2x
Steris	$26.0B	4.6x	15.9x
Coloplast	$24.9B	5.7x	17.9x
Fresenius Medical Care	$24.8B	1.1x	6.1x
Bausch Health	$23.1B	2.3x	6.6x
Insulet	$22.9B	9.5x	40.8x
Sartorius Stedim Biotech	$22.6B	6.7x	22.8x
Baxter International	$20.5B	1.9x	8.8x
Solventum	$19.7B	2.3x	9.7x
Sartorius	$18.8B	4.6x	16.1x
Smith & Nephew	$18.6B	3.0x	11.9x
Waters	$18.5B	6.0x	16.7x
Sonova	$18.0B	3.7x	14.6x
Halma	$17.1B	5.6x	23.0x
Cooper Companies	$17.1B	4.2x	13.9x
Hologic	$15.7B	3.9x	11.8x
United Imaging	$13.5B	8.4x	50.3x
Olympus	$13.5B	2.0x	9.1x
Cochlear	$13.1B	8.4x	32.3x
Fisher & Paykel	$13.0B	10.4x	32.2x
Medpace	$12.9B	5.6x	25.6x
Fosun Pharma	$12.7B	2.2x	15.3x
Shionogi	$11.5B	3.7x	9.2x
Demant	$10.5B	3.0x	11.8x
Caris Life Sciences	$10.0B	n/a	n/a
Bausch & Lomb	$9.9B	1.9x	11.2x
Penumbra	$9.7B	7.4x	43.5x
Align Technology	$9.5B	2.4x	9.3x
Masimo	$8.9B	5.1x	19.0x
Sysmex	$8.4B	2.4x	9.6x
Globus Medical	$8.1B	3.0x	10.4x
Abbott India	$7.7B	10.2x	38.2x
Bio-Rad Laboratories	$7.6B	2.9x	16.3x
Salubris Pharmaceuticals	$7.6B	12.5x	39.0x
ConvaTec Group	$7.5B	3.1x	11.9x
Bruker	$7.4B	2.2x	13.2x
Teleflex	$7.1B	2.2x	7.8x
Ypsomed	$6.9B	7.5x	22.4x
Sectra	$6.8B	19.3x	78.9x
Getinge	$6.7B	1.8x	9.6x
Snibe	$6.1B	9.0x	19.2x
Shimadzu	$6.0B	1.6x	9.8x
Amplifon	$5.7B	2.0x	8.6x
APT Medical	$5.7B	16.5x	41.7x
Merit Medical Systems	$5.5B	3.8x	16.4x
Humanwell Healthcare	$5.5B	1.6x	9.8x
iRhythm Technologies	$5.3B	7.9x	156.1x
Mirion Technologies	$5.3B	5.9x	24.6x
Integer Holdings	$5.0B	2.8x	13.0x
Glaukos	$5.0B	11.2x	-170.6x
PharmaResearch	$4.8B	14.0x	33.3x
Lepu Medical Technology	$4.8B	5.2x	22.2x
Novanta	$4.5B	4.7x	20.8x
Asahi Intecc	$4.5B	5.5x	16.3x
Carl Zeiss Meditec	$4.5B	1.8x	10.5x
TransMedics	$4.5B	8.3x	38.7x
QuidelOrtho	$4.4B	1.6x	7.7x
ICU Medical	$4.1B	1.8x	10.7x
Medacta Group	$4.0B	5.3x	19.3x
Jiangsu Yuyue Medical	$4.0B	3.5x	15.6x
MicroPort Scientific	$3.9B	3.6x	89.8x
Envista Holdings	$3.9B	1.5x	11.6x
Grand Pharmaceutical	$3.9B	2.6x	9.6x
GN Store Nord	$3.9B	1.4x	9.7x
MGI Tech	$3.8B	8.0x	141.7x
Ambu	$3.8B	4.0x	20.9x
Haemonetics	$3.5B	2.6x	8.4x
Autobio Diagnostics	$3.3B	5.1x	13.7x
Double Medical Technology	$3.3B	9.7x	31.9x
AdaptHealth	$3.2B	1.0x	4.7x
Enovis	$3.1B	1.4x	8.0x
Hamamatsu Photonics	$3.1B	2.1x	9.8x
Canon Marketing Japan	$3.0B	0.7x	6.4x
Topcon	$2.9B	2.0x	17.1x
Integra Lifesciences	$2.9B	1.7x	9.0x
LivaNova	$2.8B	2.1x	9.7x
Alphatec Holdings	$2.8B	4.0x	43.5x
Renishaw	$2.6B	2.8x	13.7x
AddLife	$2.6B	2.4x	15.6x
Tecan Group	$2.6B	2.3x	13.6x
Horiba	$2.5B	1.2x	5.8x
Embla Medical	$2.5B	2.7x	13.4x
Conmed	$2.5B	1.9x	9.0x
Jafron Biomedical	$2.4B	6.6x	15.1x
Elekta	$2.4B	1.3x	6.3x
Oxford Nanopore Techs	$2.4B	8.6x	-17.1x
Inspire Medical Systems	$2.3B	2.7x	14.8x
PHC Holdings	$2.3B	1.0x	7.1x
Beijing Balance Medical	$2.3B	n/a	n/a
Artivion	$2.2B	5.3x	27.3x
Anbio Biotechnology	$2.2B	n/a	n/a
PROCEPT BioRobotics	$2.1B	7.3x	-48.9x
LeMaitre Vascular	$2.0B	8.5x	29.7x
Qingdao Baheal Medical	$2.0B	1.8x	13.7x
Vitrolife	$2.0B	5.4x	16.8x
BoneSupport	$1.9B	16.8x	80.8x
SonoScape	$1.9B	6.0x	41.6x
UFP Technologies	$1.9B	3.3x	15.9x
Andon Health	$1.8B	4.9x	16.9x
MicroPort	$1.7B	9.1x	18.1x
SKAN Group	$1.7B	3.5x	22.0x
AtriCure	$1.7B	3.4x	39.7x
Nihon Kohden	$1.7B	1.1x	9.7x
Nolato	$1.7B	1.7x	10.2x
Draegerwerk	$1.6B	0.4x	4.1x
Sinocare	$1.6B	2.4x	16.8x
Rigaku	$1.5B	2.5x	9.7x
Weigao Group	$1.5B	6.8x	31.9x
Dynavox Group	$1.4B	6.0x	28.4x
Mehow Innovative	$1.4B	5.5x	22.2x
Jeol	$1.4B	1.1x	5.5x
MicroPort EP	$1.3B	19.4x	143.9x
ChemoMetec	$1.3B	16.7x	31.5x
Haier Biomedical	$1.3B	4.1x	20.1x
Pacira BioSciences	$1.3B	1.8x	6.1x
SS Innovations	$1.3B	n/a	n/a
Haohai Biological	$1.3B	3.5x	15.5x
Establishment Labs	$1.3B	6.7x	-54.8x
Shinva	$1.3B	0.9x	8.4x
Kuros Biosciences	$1.3B	8.8x	104.1x
Wandong Medical	$1.3B	5.9x	70.6x
Staar Surgical	$1.3B	4.5x	-203.8x
Barco	$1.1B	1.0x	7.9x
SPIMACO - ADDWAEIH	$1.1B	2.4x	15.0x
Medartis	$1.1B	3.5x	21.4x
NovoCure	$1.1B	1.8x	-87.7x
MedCap	$1.0B	5.0x	24.2x
SD Biosensor	$1000M	1.9x	15.2x
Cofoe Medical	$992M	2.4x	14.1x
Pulse Biosciences	$989M	n/a	n/a
El.En. Group	$971M	1.4x	8.9x
Nakanishi	$962M	1.8x	7.1x
MiMedx Group	$952M	2.6x	11.6x
Tandem Diabetes Care	$865M	0.9x	-29.4x
Fukuda Denshi	$847M	0.9x	3.4x
iRadimed	$842M	10.7x	n/a
Medmix	$804M	1.4x	7.7x
Bioventus	$801M	1.4x	7.3x
Pacific Biosciences	$778M	4.9x	-4.4x
Revenio Group	$739M	5.9x	19.6x
Mani Inc.	$738M	3.7x	10.6x
Axogen	$725M	3.5x	29.5x
Sunmax Biotechnology	$710M	n/a	n/a
Nanosonics	$707M	5.6x	43.7x
Orthofix Medical	$701M	0.9x	9.1x
ZimVie	$696M	1.5x	10.6x
Advanced Medical Solutions Group	$690M	2.4x	11.1x
Varex Imaging	$690M	0.8x	6.3x
Guerbet	$688M	0.7x	4.8x
Pyridam Farma	$663M	n/a	n/a
Japan Lifeline	$657M	1.7x	6.7x
Kaken Pharmaceutical	$641M	1.0x	5.4x
MedicalSystem Technology	$639M	11.8x	-684.2x
Zepp Health	$624M	3.1x	-17.7x
Curiox Biosystems	$619M	170.7x	-76.1x
Xvivo Perfusion	$593M	6.8x	33.6x
Medios	$590M	0.3x	6.1x
Synmosa Biopharma	$590M	n/a	n/a
Semler Scientific	$584M	14.0x	n/a
Lumibird	$578M	2.3x	12.9x
Avanos Medical	$567M	0.8x	5.7x
SI-BONE	$558M	3.0x	1012.2x
Mesa Laboratories	$555M	2.3x	9.8x
Surmodics	$535M	4.5x	48.1x
Universal Vision	$527M	3.7x	8.6x
Polynovo	$523M	6.5x	66.0x
OrthoPediatrics	$508M	2.2x	39.1x
Synektik	$501M	2.4x	10.0x
Beta Bionics	$498M	6.1x	-9.0x
Surgical Science	$469M	4.4x	18.3x
Stratec	$466M	1.5x	8.7x
Amplitude Surgical	$463M	n/a	n/a
Ever Supreme Bio Technology	$445M	14.2x	29.4x
Knight Therapeutics	$442M	1.5x	10.8x
Treace Medical Concepts	$436M	2.0x	-141.4x
InMode	$402M	1.1x	3.8x
Sisram Medical	$396M	1.1x	9.2x
Medistim	$389M	6.4x	22.3x
CellaVision	$380M	4.8x	15.3x
Nanobiotix	$380M	28.8x	-7.6x
Coltene	$379M	1.2x	9.1x
NIOX Group	$364M	6.0x	18.0x
IBA Group	$358M	0.6x	8.0x
SANUWAVE Health	$350M	n/a	n/a
Agfa-Gevaert	$347M	0.3x	5.2x
BICO Group	$344M	1.8x	23.3x
ClearPoint Neuro	$322M	9.1x	-27.7x
AngioDynamics	$317M	1.1x	44.4x
TaiDoc	$312M	n/a	n/a
NN	$311M	0.7x	6.1x
EBR Systems	$310M	671.3x	-7.1x
Eurobio Scientific	$310M	n/a	n/a
Senseonics Holdings	$300M	9.7x	n/a
Imricor Medical Systems	$299M	299.2x	-17.1x
Nextbiomedical	$296M	26.9x	-326.9x
CeriBell	$295M	3.7x	-6.1x
Sanara MedTech	$293M	3.0x	n/a
NeuroPace	$293M	3.3x	-19.8x
Neuronetics	$290M	2.4x	-15.4x
Sofwave Medical	$288M	n/a	n/a
Delcath Systems	$282M	3.9x	20.3x
IVF hartmann	$275M	n/a	n/a
Cytek Biosciences	$272M	1.4x	25.1x
Accuray	$263M	0.6x	9.1x
Cerus	$259M	1.2x	34.1x
VieMed	$254M	1.0x	4.5x
Asterasys	$250M	8.9x	23.9x
JETEMA Co.	$240M	5.0x	18.6x
Nano X Imaging	$239M	19.0x	n/a
Standard BioTools	$236M	2.0x	-3.7x
TriSalus Life Sciences	$234M	6.0x	-10.5x
Butterfly Network	$234M	2.7x	-5.5x
InfuSystem	$226M	1.6x	8.2x
Tactile Medical	$223M	0.7x	6.4x
Alpha Tau Medical	$213M	n/a	-5.6x
Laxmi Dental	$207M	6.9x	36.1x
Panion & Bf Biotech	$205M	3.0x	n/a
Nyxoah	$198M	19.8x	-2.6x
Orthocell	$193M	30.1x	-48.9x
Vuno	$187M	7.4x	-76.4x
AVITA Medical	$181M	2.5x	-4.7x
Monogram Technologies	$180M	n/a	-11.6x
CapsoVision	$176M	n/a	n/a
BrainsWay	$171M	n/a	n/a
Quipt Home Medical	$171M	0.7x	3.1x
Ascom	$169M	0.5x	5.5x
Sedana Medical	$168M	8.1x	-83.4x
4DMedical	$166M	34.6x	-8.3x
Paxman	$164M	5.0x	27.6x
Onward Medical	$161M	27.1x	-3.5x
EKF Diagnostics	$159M	2.3x	9.9x
Sight Sciences	$159M	2.1x	-4.1x
Lucid Diagnostics	$155M	31.8x	-3.1x
Outset Medical	$154M	1.3x	-2.9x
BioSig Technologies	$152M	n/a	n/a
OssDsign	$151M	8.9x	-37.1x
Pro-Dex	$149M	2.2x	11.3x
Ilex Medical	$145M	n/a	n/a
SmartVest	$144M	2.2x	11.1x
Detection Technology	$142M	1.2x	8.6x
Owlet	$141M	1.6x	-507.4x
CVRx	$139M	2.6x	-3.1x
Onyx Healthcare	$137M	n/a	n/a
PhotoCure	$134M	2.5x	26.0x
LENSAR	$133M	2.5x	-29.2x
Median Technologies	$132M	4.7x	-6.5x
Aroa Biosurgery	$132M	2.4x	40.2x
RxSight	$129M	1.0x	-3.3x
Trinity Biotech	$126M	2.0x	n/a
908 Devices	$125M	2.2x	-6.7x
Nexstim	$123M	8.0x	35.4x
Orchestra BioMed	$121M	41.1x	-1.6x
Anteris Technologies US	$120M	38.8x	-1.5x
Sequana Medical	$117M	203.8x	-5.3x
Anteris Technologies Glb	$115M	36.6x	-1.4x
Bactiguard	$114M	4.6x	46.8x
CROSSJECT	$114M	5.0x	-71.2x
Xtant Medical	$112M	0.9x	11.3x
Elutia	$103M	3.8x	-7.7x
Baird Medical Investment	$102M	n/a	n/a
C-Rad	$102M	2.1x	12.4x
Zynex	$101M	0.8x	-15.6x
Profound Medical	$99.8M	6.7x	-2.7x
Inogen	$98.3M	0.3x	-35.6x
Medicalgorithmics	$97.9M	11.6x	-37.7x
Carmat	$96.9M	7.4x	-1.8x
Senzime	$96.7M	10.0x	-11.3x
Utah Medical	$95.9M	n/a	n/a
AOTI	$91.9M	1.6x	11.4x
Apyx Medical	$91.5M	1.9x	-9.8x
Integrum	$90.4M	8.4x	-35.8x
Rapid Micro Biosystems	$90.2M	2.9x	-2.0x
Emvision	$90.1M	29.9x	-17.7x
CytoSorbents	$89.7M	2.4x	n/a
Svas Biosana	$88.8M	0.6x	4.5x
InspireMD	$88.4M	12.2x	-2.4x
Biosynex	$86.7M	n/a	n/a
Darya-Varia Laboratoria	$86.5M	n/a	n/a
Ortoma	$85.1M	n/a	n/a
Meditera	$84.9M	1.4x	9.5x
Optomed	$84.0M	4.4x	-26.4x
Hyperfine	$83.0M	6.0x	-2.2x
Fonar	$80.5M	n/a	n/a
Perspective Therapeutics	$80.1M	66.6x	-0.9x
Affluent Medical	$77.1M	68.6x	-4.0x
Klea	$73.2M	3.6x	19.0x
Wellgistics Health	$70.3M	n/a	n/a
TELA Bio	$69.5M	0.9x	-2.2x
Cyclopharm	$67.3M	3.3x	-10.5x
Creo Medical Group	$67.0M	9.4x	-2.8x
Profusa	$66.6M	n/a	n/a
BATM Advanced Communications	$66.2M	0.5x	7.0x
enVVeno Medical	$60.2M	n/a	n/a
Anatolia Geneworks	$60.2M	n/a	n/a
Harvard Bioscience	$59.4M	0.7x	12.3x
Susmed	$59.2M	18.9x	n/a
Icecure Medical	$58.7M	17.6x	n/a
FluoGuide	$56.9M	n/a	-5.2x
Envoy Medical	$54.1M	238.0x	n/a
Spectral AI	$53.5M	2.2x	-8.9x
Daxor	$53.3M	n/a	n/a
Painchek	$53.2M	n/a	n/a
WORK Medical Tech Gr	$50.5M	n/a	n/a
Modulight	$49.5M	6.6x	-11.7x
Biohit	$46.3M	2.7x	14.1x
Diagnostic Medical	$45.8M	0.8x	10.1x
Sera Prognostics	$45.8M	233.8x	n/a
Nortech Systems	$44.8M	n/a	n/a
Impedimed	$44.7M	4.4x	-5.6x
Mauna Kea Technologies	$44.4M	5.0x	n/a
SMAIO	$44.1M	4.3x	-45.6x
Boule Diagnostics	$44.1M	0.8x	-4.4x
BrainCool	$41.9M	10.0x	-10.2x
Acarix	$40.5M	45.5x	-6.7x
Optiscan Imaging	$39.9M	n/a	n/a
NeuroOne Medical	$39.8M	4.9x	n/a
AnteoTech	$39.0M	n/a	n/a
Bioretec	$38.4M	6.0x	-6.6x
Mentice	$37.1M	1.3x	387.5x
electroCore	$36.8M	1.3x	n/a
Vivos	$36.8M	n/a	n/a
Nuwellis	$36.5M	4.2x	n/a
Pulmonx	$36.2M	0.4x	-0.8x
Edap TMS	$34.8M	0.5x	-1.4x
Myomo	$33.8M	0.9x	-4.0x
Sensus Healthcare	$33.5M	0.9x	7.3x
Modular Medical	$32.2M	n/a	n/a
Theraclion	$32.2M	n/a	n/a
Implanet	$31.5M	n/a	n/a
Q-linea	$31.1M	49.6x	-1.5x
Allurion	$30.5M	1.3x	-0.9x
Vicarious Surgical	$30.1M	n/a	-0.6x
HeartBeam	$29.8M	15.4x	n/a
Promimic	$27.9M	n/a	n/a
Finemedix	$27.7M	n/a	n/a
Inspira Technologies	$27.4M	43.9x	-3.1x
Scandinavian Medical	$26.9M	n/a	n/a
Lifecare	$25.7M	47.6x	-3.7x
SensoDetect	$25.0M	n/a	n/a
Renalytix	$24.2M	n/a	n/a
aap Implantate	$23.9M	n/a	n/a
Iridex	$23.3M	0.5x	n/a
Genomtec	$22.8M	n/a	n/a
Medclair	$22.4M	n/a	n/a
IMD International Medical	$19.8M	0.4x	4.5x
Quantum-Si	$19.7M	6.6x	-0.2x
Medinice	$17.0M	n/a	n/a
SciBase Holding	$16.3M	4.4x	-2.3x
BibbInstruments	$16.0M	n/a	n/a
Observe Medical	$15.9M	n/a	n/a
Bluelinea	$15.9M	n/a	n/a
Pulsenmore	$15.3M	n/a	n/a
Cambridge Cognition	$14.9M	1.1x	-40.8x
BioRegenx	$14.6M	n/a	n/a
Neola Medical	$14.2M	n/a	-11.4x
AMA Corp	$13.4M	4.6x	n/a
Bionano Genomics	$13.4M	0.5x	-0.3x
Sds Optic	$13.1M	n/a	n/a
Arcoma	$13.1M	0.8x	5.9x
Biofrontera	$12.6M	n/a	n/a
Clinical Laserthermia	$12.5M	4.2x	-3.6x
Geratherm Medical	$12.3M	0.7x	4.6x
Phase Holographic	$10.4M	n/a	n/a
ViroGates	$10.3M	n/a	n/a
Inventionmed	$10.0M	n/a	n/a
Adiuvo Investments	$9.9M	n/a	n/a
Spineguard	$9.4M	1.8x	-6.5x
Bio-Gate	$8.8M	1.0x	-8.6x
Iconovo	$8.3M	4.4x	-5.4x
BBS-Bioactive Bone	$7.3M	n/a	n/a
Polyrizon	$7.2M	n/a	n/a
Nestmedic	$6.9M	n/a	n/a
Redsense Medical	$6.9M	2.1x	n/a
ScandiDos	$6.9M	n/a	n/a
Luxbright	$6.4M	6.8x	-4.0x
CM International	$6.3M	n/a	n/a
Qlife Holding	$6.0M	n/a	n/a
Labo Euromed	$6.0M	0.1x	3.0x
Magnasense	$5.5M	n/a	n/a
VibroSense Dynamics	$5.0M	12.1x	n/a
Zenicor Medical Systems	$4.8M	n/a	n/a
Lifeward	$4.8M	0.2x	n/a
Carbiotix	$4.7M	n/a	n/a
Lucyd	$4.1M	0.8x	-0.6x
Massmedica	$4.1M	n/a	n/a
Episurf Medical	$3.7M	2.6x	-0.6x
SpectraCure	$3.5M	n/a	n/a
Milton Essex	$3.2M	n/a	n/a
Pheton Holdings	$3.1M	n/a	n/a
Predict	$3.1M	0.4x	3.2x
PolarCool	$2.8M	12.9x	-3.9x
Grupa Modne Zakupy	$2.5M	n/a	n/a
Spineway	$2.3M	0.2x	-1.2x
Invent Medic Sweden	$2.1M	n/a	n/a
Perpetua Medical	$1.8M	n/a	n/a
Monivent	$1.5M	n/a	n/a
Inhalation Sciences SWE	$1.5M	n/a	n/a
EvokAI Creative Labs	$1.5M	n/a	n/a
Scandinavian Real Heart	$1.3M	n/a	n/a
PExA	$1.1M	n/a	n/a
Epigenomics	$0.9M	n/a	n/a
Advanced Medical	$0.6M	n/a	n/a
Chordate Medical Holding	$0.5M	n/a	n/a
Altamira Therapeutics	-$0.2M	n/a	n/a
NanoRepro	-$6.3M	n/a	n/a
Co-Diagnostics	-$9.6M	-4.7x	n/a
Quanterix	-$13.3M	-0.1x	0.3x
Zomedica	-$16.3M	-0.6x	n/a
OraSure	-$18.6M	-0.1x	0.7x