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	$492B	5.3x	14.4x
Samsung	$366B	1.7x	6.7x
Siemens	$255B	2.8x	15.8x
Abbott Laboratories	$235B	5.3x	20.1x
Thermo Fisher Scientific	$227B	5.2x	20.7x
Danaher	$161B	6.6x	21.0x
Stryker	$154B	6.3x	22.1x
Boston Scientific	$152B	7.9x	25.8x
Intuitive Surgical	$151B	15.9x	38.4x
Medtronic	$143B	4.1x	14.4x
Siemens Healthineers	$58.9B	2.2x	10.6x
IDEXX Laboratories	$51.7B	12.4x	36.0x
Agilent	$41.1B	6.0x	20.8x
GE HealthCare	$39.8B	2.0x	10.9x
Alcon	$39.8B	3.8x	15.0x
ResMed	$39.5B	7.5x	19.9x
Edwards Lifesciences	$39.5B	6.7x	22.1x
Mindray	$37.6B	7.3x	19.9x
Philips	$33.7B	1.6x	10.4x
Mettler Toledo	$28.6B	7.2x	23.1x
Fresenius Medical Care	$26.5B	1.2x	6.5x
Zimmer Biomet	$25.9B	3.2x	9.6x
DexCom	$25.2B	5.6x	19.0x
Steris	$25.0B	4.4x	15.1x
Sartorius Stedim Biotech	$23.7B	7.0x	23.5x
Coloplast	$23.4B	5.4x	16.9x
Insulet	$22.4B	8.9x	37.9x
Bausch Health	$22.3B	2.2x	6.5x
Waters	$21.2B	6.8x	19.0x
Sartorius	$19.8B	4.9x	16.8x
Solventum	$19.6B	2.4x	10.1x
Baxter International	$19.4B	1.7x	8.2x
Halma	$18.3B	5.8x	24.0x
Smith & Nephew	$17.7B	2.9x	11.3x
Sonova	$17.5B	3.6x	14.1x
United Imaging	$16.5B	9.8x	56.8x
Cooper Companies	$16.1B	4.0x	12.9x
Hologic	$15.2B	3.7x	11.4x
Medpace	$14.9B	6.2x	28.7x
Olympus	$13.6B	2.1x	9.9x
Fosun Pharma	$13.2B	2.3x	13.1x
Fisher & Paykel	$12.0B	9.8x	30.3x
Cochlear	$11.9B	7.5x	28.5x
Shionogi	$10.3B	3.3x	8.4x
Bausch & Lomb	$9.8B	2.0x	11.4x
Demant	$9.7B	2.8x	11.2x
Penumbra	$9.7B	7.3x	40.7x
Align Technology	$8.6B	2.2x	8.4x
Masimo	$8.5B	5.2x	18.3x
Salubris Pharmaceuticals	$8.5B	13.8x	46.6x
Caris Life Sciences	$8.2B	n/a	n/a
Bio-Rad Laboratories	$8.2B	3.2x	17.6x
Bruker	$7.8B	2.3x	14.1x
Globus Medical	$7.7B	2.7x	9.8x
Sysmex	$7.6B	2.3x	9.1x
ConvaTec Group	$7.6B	3.1x	12.0x
Teleflex	$7.0B	2.2x	7.7x
Getinge	$6.9B	1.9x	9.8x
Abbott India	$6.8B	9.0x	33.6x
Snibe	$6.8B	10.2x	22.1x
Shimadzu	$6.5B	1.8x	11.1x
Mirion Technologies	$6.2B	6.9x	28.3x
APT Medical	$6.0B	16.7x	40.6x
Sectra	$6.0B	16.9x	70.9x
iRhythm Technologies	$5.9B	8.4x	130.6x
Ypsomed	$5.8B	6.3x	17.5x
Amplifon	$5.6B	2.0x	8.6x
Humanwell Healthcare	$5.4B	1.5x	9.6x
Merit Medical Systems	$5.2B	3.5x	15.0x
Integer Holdings	$4.9B	2.7x	12.4x
Lepu Medical Technology	$4.8B	5.2x	19.4x
Glaukos	$4.6B	9.9x	-186.8x
Carl Zeiss Meditec	$4.4B	1.7x	10.3x
QuidelOrtho	$4.4B	1.6x	7.6x
Jiangsu Yuyue Medical	$4.3B	3.7x	14.7x
GN Store Nord	$4.2B	1.6x	10.3x
Ambu	$4.2B	4.4x	23.3x
MicroPort Scientific	$4.1B	3.7x	37.5x
Grand Pharmaceutical	$4.1B	2.7x	9.9x
Novanta	$4.1B	4.2x	18.7x
ICU Medical	$4.0B	1.8x	10.4x
TransMedics	$3.9B	6.9x	31.5x
MGI Tech	$3.9B	8.8x	116.2x
Asahi Intecc	$3.8B	4.8x	14.5x
PharmaResearch	$3.7B	10.4x	24.2x
Envista Holdings	$3.7B	1.4x	10.6x
Medacta Group	$3.7B	4.7x	17.4x
Haemonetics	$3.4B	2.5x	7.9x
Double Medical Technology	$3.3B	9.6x	39.2x
Renishaw	$3.2B	3.3x	15.9x
Canon Marketing Japan	$3.1B	0.7x	6.9x
Enovis	$3.1B	1.4x	8.0x
Heron Neutron Medical	$3.1B	n/a	n/a
AdaptHealth	$3.1B	0.9x	4.6x
Autobio Diagnostics	$3.0B	4.7x	11.8x
Horiba	$2.9B	1.4x	6.9x
Hamamatsu Photonics	$2.9B	2.1x	10.5x
AddLife	$2.8B	2.6x	16.8x
Integra Lifesciences	$2.8B	1.7x	8.9x
Topcon	$2.8B	2.0x	18.2x
LivaNova	$2.7B	2.0x	9.1x
Embla Medical	$2.6B	2.8x	13.6x
Elekta	$2.4B	1.3x	6.8x
Alphatec Holdings	$2.4B	3.3x	33.3x
Jafron Biomedical	$2.3B	6.2x	14.2x
PHC Holdings	$2.2B	1.0x	7.1x
Conmed	$2.2B	1.6x	7.8x
Tecan Group	$2.2B	1.9x	11.9x
Artivion	$2.1B	5.0x	25.2x
Qingdao Baheal Medical	$2.1B	1.8x	14.0x
Vitrolife	$2.1B	5.6x	17.9x
Inspire Medical Systems	$2.0B	2.3x	12.9x
Beijing Balance Medical	$2.0B	n/a	n/a
SonoScape	$1.9B	6.1x	41.4x
Nihon Kohden	$1.8B	1.2x	10.4x
LeMaitre Vascular	$1.8B	7.4x	25.8x
Nolato	$1.8B	1.7x	10.5x
BoneSupport	$1.7B	14.6x	72.5x
ChemoMetec	$1.7B	21.7x	40.9x
AtriCure	$1.7B	3.3x	37.1x
UFP Technologies	$1.7B	2.9x	14.1x
Mehow Innovative	$1.6B	6.5x	21.5x
Andon Health	$1.6B	4.4x	15.4x
PROCEPT BioRobotics	$1.6B	5.3x	-42.5x
Rigaku	$1.6B	2.7x	10.6x
MicroPort	$1.6B	7.5x	14.4x
Sinocare	$1.5B	2.3x	15.8x
Jeol	$1.5B	1.2x	6.6x
Draegerwerk	$1.5B	0.4x	4.0x
Oxford Nanopore Techs	$1.5B	5.3x	-11.6x
Weigao Group	$1.5B	6.7x	25.1x
SKAN Group	$1.4B	2.9x	19.6x
Kuros Biosciences	$1.4B	10.3x	112.6x
Establishment Labs	$1.4B	6.9x	-60.5x
SS Innovations	$1.3B	n/a	n/a
Haier Biomedical	$1.3B	4.0x	19.5x
Nanobiotix	$1.3B	53.5x	-28.6x
Medartis	$1.3B	3.9x	24.1x
Wandong Medical	$1.3B	4.9x	55.3x
NovoCure	$1.3B	2.0x	-79.3x
Dynavox Group	$1.3B	5.0x	25.0x
SPIMACO - ADDWAEIH	$1.3B	2.6x	15.2x
MicroPort EP	$1.2B	18.0x	100.3x
Anbio Biotechnology	$1.2B	n/a	n/a
Staar Surgical	$1.2B	4.4x	-106.2x
Pacira BioSciences	$1.2B	1.6x	5.7x
Shinva	$1.2B	0.8x	8.3x
Haohai Biological	$1.2B	3.1x	14.0x
Barco	$1.1B	1.0x	7.3x
Tandem Diabetes Care	$1.1B	1.1x	-25.8x
Pulse Biosciences	$1.1B	n/a	n/a
Nakanishi	$969M	1.8x	7.3x
Cofoe Medical	$957M	2.0x	11.2x
El.En. Group	$955M	1.4x	8.8x
Curiox Biosystems	$903M	279.6x	-119.1x
MedCap	$885M	4.2x	20.1x
Fukuda Denshi	$883M	1.0x	3.6x
Zepp Health	$882M	3.9x	-32.6x
Pacific Biosciences	$871M	5.5x	-5.5x
iRadimed	$868M	11.0x	n/a
MiMedx Group	$863M	2.3x	10.4x
Nanosonics	$806M	6.0x	46.4x
Mani Inc.	$800M	4.1x	11.6x
Axogen	$756M	3.6x	29.3x
Bioventus	$748M	1.3x	6.7x
ClearPoint Neuro	$741M	20.4x	-58.2x
Advanced Medical Solutions Group	$730M	2.5x	11.4x
Revenio Group	$725M	5.7x	19.1x
Beta Bionics	$720M	8.4x	-12.2x
Medmix	$712M	1.2x	6.8x
Orthofix Medical	$712M	0.9x	8.9x
Pyridam Farma	$707M	n/a	n/a
Varex Imaging	$705M	0.8x	6.3x
ZimVie	$700M	1.5x	10.5x
SD Biosensor	$695M	1.4x	11.3x
4DMedical	$677M	136.6x	-40.3x
Japan Lifeline	$667M	1.8x	7.0x
Sunmax Biotechnology	$658M	n/a	n/a
MedicalSystem Technology	$647M	9.9x	-28.6x
Polynovo	$610M	6.8x	70.1x
Synektik	$597M	2.8x	11.9x
Kaken Pharmaceutical	$584M	1.0x	6.1x
Medios	$569M	0.2x	5.6x
Mesa Laboratories	$552M	2.3x	9.8x
Avanos Medical	$550M	0.8x	5.5x
Synmosa Biopharma	$547M	n/a	n/a
Lumibird	$541M	2.1x	11.1x
SI-BONE	$536M	2.8x	268.0x
Xvivo Perfusion	$523M	6.2x	32.2x
Stratec	$496M	1.6x	9.7x
Guerbet	$485M	0.5x	4.1x
Ever Supreme Bio Technology	$484M	14.7x	29.5x
Semler Scientific	$481M	13.1x	n/a
OrthoPediatrics	$466M	2.0x	32.7x
InMode	$463M	1.2x	4.6x
Amplitude Surgical	$462M	n/a	n/a
Butterfly Network	$453M	5.1x	-10.4x
CellaVision	$430M	5.4x	17.0x
AngioDynamics	$419M	1.4x	56.5x
Medistim	$412M	6.5x	21.7x
Surgical Science	$405M	3.8x	17.8x
Knight Therapeutics	$402M	1.4x	10.1x
IBA Group	$401M	0.6x	8.8x
NIOX Group	$401M	6.5x	20.1x
Surmodics	$399M	3.4x	37.1x
Universal Vision	$381M	2.7x	6.1x
Treace Medical Concepts	$380M	1.7x	-287.3x
Coltene	$368M	1.2x	8.8x
EBR Systems	$362M	488.5x	-8.1x
NeuroPace	$356M	3.9x	-23.6x
Nextbiomedical	$349M	29.9x	-238.8x
Cerus	$320M	1.4x	43.4x
Accuray	$317M	0.7x	10.8x
Delcath Systems	$317M	3.9x	17.4x
Agfa-Gevaert	$305M	0.2x	4.6x
SANUWAVE Health	$305M	n/a	n/a
Eurobio Scientific	$301M	n/a	n/a
Sanara MedTech	$296M	2.9x	n/a
Asterasys	$294M	10.4x	28.0x
IVF hartmann	$293M	n/a	n/a
NN	$291M	0.7x	5.6x
Sofwave Medical	$287M	n/a	n/a
Standard BioTools	$284M	2.7x	-4.7x
Imricor Medical Systems	$284M	261.6x	-14.5x
CeriBell	$283M	3.4x	-5.5x
Sisram Medical	$280M	0.7x	5.6x
Alpha Tau Medical	$268M	n/a	-6.9x
Cytek Biosciences	$265M	1.3x	34.2x
Tactile Medical	$265M	0.9x	7.7x
Senseonics Holdings	$257M	7.7x	n/a
VieMed	$254M	1.0x	4.3x
Neuronetics	$252M	1.9x	-12.9x
BICO Group	$251M	1.5x	110.8x
TriSalus Life Sciences	$236M	5.6x	-11.7x
Vuno	$235M	12.9x	-30.7x
TaiDoc	$234M	n/a	n/a
Nyxoah	$233M	27.0x	-2.8x
Onward Medical	$229M	35.1x	-4.9x
BrainsWay	$220M	n/a	n/a
JETEMA Co.	$220M	4.9x	17.5x
CapsoVision	$219M	n/a	n/a
Quantum-Si	$218M	74.3x	-2.4x
InfuSystem	$218M	1.5x	7.7x
Orthocell	$217M	31.1x	-41.7x
Nano X Imaging	$216M	16.7x	n/a
CVRx	$193M	3.5x	-4.4x
Panion & Bf Biotech	$192M	2.9x	n/a
SmartVest	$190M	2.9x	13.1x
Quipt Home Medical	$186M	0.8x	3.3x
Laxmi Dental	$185M	6.0x	31.4x
Deltex Medical Group	$183M	n/a	n/a
Lucid Diagnostics	$171M	36.2x	-3.4x
Perspective Therapeutics	$171M	148.5x	-1.9x
AVITA Medical	$170M	2.3x	-5.0x
908 Devices	$170M	3.0x	-7.6x
Owlet	$162M	1.7x	941.6x
Ilex Medical	$161M	n/a	n/a
Onyx Healthcare	$159M	n/a	n/a
Orchestra BioMed	$155M	49.9x	-2.1x
EKF Diagnostics	$154M	2.2x	9.6x
CROSSJECT	$154M	14.1x	-26.6x
SDI Group	$153M	1.6x	8.8x
Aroa Biosurgery	$152M	2.8x	40.5x
Paxman	$151M	4.5x	31.2x
Ascom	$144M	0.4x	4.5x
Median Technologies	$143M	5.2x	-7.2x
Anteris Technologies Glb	$143M	44.3x	-1.7x
Outset Medical	$142M	1.2x	-2.9x
Xtant Medical	$142M	1.1x	11.5x
Profound Medical	$141M	8.9x	-3.5x
Anteris Technologies US	$135M	42.2x	-1.6x
OssDsign	$133M	7.2x	-37.0x
Hyperfine	$133M	9.5x	-3.7x
Nexstim	$132M	8.1x	27.5x
Detection Technology	$132M	1.1x	8.7x
Rapid Micro Biosystems	$129M	4.1x	-3.0x
LENSAR	$125M	2.3x	-27.4x
Apyx Medical	$123M	2.5x	-14.1x
Svas Biosana	$120M	0.7x	5.8x
Sedana Medical	$118M	5.6x	-64.1x
SomnoMed	$118M	1.6x	18.4x
PhotoCure	$117M	2.1x	19.4x
Inogen	$114M	0.3x	-119.2x
Utah Medical	$112M	n/a	n/a
Sight Sciences	$110M	1.5x	-2.9x
Trajan Gr Hldgs	$106M	1.0x	10.2x
Klea	$104M	5.2x	27.1x
C-Rad	$102M	2.1x	13.3x
Emvision	$101M	27.4x	-18.2x
Trinity Biotech	$99.6M	1.6x	n/a
Sequana Medical	$97.4M	243.0x	-7.3x
Zynex	$96.7M	0.8x	-8.8x
Pro-Dex	$96.4M	1.4x	n/a
Austco Healthcare	$96.3M	1.7x	9.8x
BATM Advanced Communications	$94.3M	0.8x	10.7x
RxSight	$93.8M	0.7x	-2.3x
Medicalgorithmics	$93.4M	12.3x	-34.9x
Senzime	$88.1M	14.5x	-7.9x
Painchek	$85.6M	n/a	n/a
InspireMD	$85.0M	11.6x	-2.1x
Bactiguard	$84.1M	3.4x	32.4x
Optiscan Imaging	$83.6M	n/a	n/a
Optomed	$82.6M	4.2x	-27.7x
Darya-Varia Laboratoria	$81.1M	n/a	n/a
Fonar	$80.1M	n/a	n/a
Wellgistics Health	$79.2M	n/a	n/a
Meditera	$77.6M	1.2x	9.0x
Sera Prognostics	$77.0M	339.6x	n/a
Affluent Medical	$76.5M	111.0x	-4.7x
Baird Medical Investment	$76.0M	n/a	n/a
Biosynex	$75.5M	n/a	n/a
CytoSorbents	$75.2M	1.9x	n/a
Susmed	$74.1M	18.6x	n/a
Edap TMS	$69.7M	1.0x	-2.8x
AOTI	$68.9M	1.1x	9.1x
Carmat	$68.8M	4.4x	-1.2x
TELA Bio	$66.3M	0.8x	-2.1x
Daxor	$64.5M	n/a	n/a
FluoGuide	$63.7M	n/a	-7.8x
Anatolia Geneworks	$60.7M	n/a	n/a
Diagnostic Medical	$59.0M	1.0x	12.6x
Spectral AI	$58.2M	2.5x	-9.7x
Elutia	$58.1M	2.4x	-4.3x
Impedimed	$57.7M	5.9x	-5.6x
Icecure Medical	$55.2M	16.6x	n/a
Harvard Bioscience	$54.7M	0.6x	9.6x
HeartBeam	$54.6M	22.4x	n/a
Modulight	$51.2M	6.3x	-19.8x
Ortoma	$51.2M	n/a	n/a
Envoy Medical	$49.3M	201.5x	n/a
Implanet	$48.6M	n/a	n/a
Renalytix	$48.5M	n/a	n/a
Nortech Systems	$47.6M	n/a	n/a
Mauna Kea Technologies	$47.6M	6.0x	n/a
Quanterix	$47.6M	0.4x	-1.0x
Biohit	$47.5M	2.7x	14.6x
Pulsenmore	$47.1M	n/a	n/a
SMAIO	$46.1M	4.2x	-68.6x
Cyclopharm	$43.0M	2.4x	-5.5x
Bioretec	$42.8M	7.1x	-5.9x
Boule Diagnostics	$40.1M	0.7x	-10.1x
Creo Medical Group	$40.0M	5.4x	-4.6x
AnteoTech	$39.1M	49.6x	-13.7x
Myomo	$38.9M	1.0x	-3.3x
Pulmonx	$37.4M	0.4x	-0.9x
NeuroOne Medical	$37.3M	4.1x	n/a
electroCore	$37.1M	1.3x	n/a
Inspira Technologies	$34.3M	24.4x	-3.4x
Vivos	$33.6M	n/a	n/a
Allurion	$33.4M	1.9x	-1.1x
Acarix	$32.7M	39.3x	-6.1x
Sensus Healthcare	$31.2M	0.9x	-13.0x
Mentice	$29.9M	1.1x	-27.8x
Theraclion	$29.6M	n/a	n/a
Finemedix	$29.4M	n/a	n/a
Promimic	$28.0M	n/a	n/a
Modular Medical	$27.2M	n/a	n/a
SensoDetect	$26.7M	n/a	n/a
Scandinavian Medical	$26.4M	n/a	n/a
Vicarious Surgical	$26.4M	n/a	-0.7x
Medclair	$25.7M	n/a	n/a
Integrum	$25.1M	2.2x	-13.5x
Geratherm Medical	$25.0M	1.4x	10.9x
Genomtec	$24.9M	n/a	n/a
aap Implantate	$24.8M	n/a	n/a
Baumer	$24.5M	n/a	n/a
Clinical Laserthermia	$24.2M	7.0x	-11.4x
Medinice	$23.9M	n/a	n/a
Profusa	$23.7M	n/a	n/a
Cambridge Cognition	$22.8M	1.8x	-51.7x
IMD International Medical	$22.3M	0.5x	5.1x
Bionano Genomics	$22.1M	0.8x	-0.2x
Iridex	$22.0M	0.5x	n/a
BrainCool	$20.5M	4.0x	-7.0x
Advanced Medical	$18.3M	n/a	n/a
WORK Medical Tech Gr	$17.8M	n/a	n/a
BioRegenx	$17.0M	n/a	n/a
Biofrontera	$15.7M	n/a	n/a
Q-linea	$15.4M	5.5x	-1.0x
Bluelinea	$14.9M	n/a	n/a
AMA Corp	$14.9M	5.2x	n/a
Observe Medical	$14.7M	n/a	n/a
Neola Medical	$14.7M	n/a	-10.4x
BibbInstruments	$14.7M	n/a	n/a
ViroGates	$14.3M	n/a	n/a
NanoRepro	$14.1M	1.0x	-4.9x
SciBase Holding	$13.9M	3.6x	-1.7x
Lifecare	$12.5M	37.1x	-1.7x
Arcoma	$12.3M	0.8x	6.0x
Sds Optic	$12.3M	n/a	n/a
Spineguard	$12.2M	2.6x	-6.9x
Scandinavian Real Heart	$10.9M	n/a	n/a
Adiuvo Investments	$9.5M	n/a	n/a
Phase Holographic	$9.0M	n/a	n/a
Inventionmed	$8.8M	n/a	n/a
Iconovo	$8.6M	3.7x	-7.7x
Nestmedic	$8.5M	n/a	n/a
Bio-Gate	$8.1M	1.0x	-5.2x
Polyrizon	$7.7M	n/a	n/a
Zomedica	$7.5M	0.3x	n/a
Luxbright	$7.4M	5.5x	-4.3x
BBS-Bioactive Bone	$7.2M	n/a	n/a
Lifeward	$7.0M	0.3x	n/a
Co-Diagnostics	$6.9M	5.6x	n/a
Redsense Medical	$6.4M	2.2x	n/a
CM International	$6.2M	n/a	n/a
ScandiDos	$6.2M	n/a	n/a
Predict	$6.0M	0.7x	5.4x
Qlife Holding	$5.3M	n/a	n/a
Magnasense	$5.1M	n/a	n/a
Massmedica	$4.7M	n/a	n/a
Labo Euromed	$4.6M	0.1x	2.4x
Episurf Medical	$4.5M	3.2x	-0.8x
Milton Essex	$4.1M	n/a	n/a
VibroSense Dynamics	$4.1M	7.1x	n/a
SpectraCure	$4.0M	n/a	n/a
Pheton Holdings	$3.9M	n/a	n/a
Carbiotix	$3.6M	n/a	n/a
Zenicor Medical Systems	$3.0M	n/a	n/a
Grupa Modne Zakupy	$2.6M	n/a	n/a
Invent Medic Sweden	$2.5M	n/a	n/a
PolarCool	$2.4M	10.7x	-3.3x
Perpetua Medical	$2.1M	n/a	n/a
Monivent	$1.9M	n/a	n/a
PExA	$1.7M	n/a	n/a
EvokAI Creative Labs	$1.4M	n/a	n/a
Altamira Therapeutics	$1.3M	n/a	n/a
Spineway	$1.2M	0.1x	3.9x
Chordate Medical Holding	$1.0M	n/a	n/a
Epigenomics	$0.9M	n/a	n/a
Inhalation Sciences SWE	$0.8M	n/a	n/a
OraSure	-$0.3M	-0.0x	0.0x
Lucyd	-$0.4M	-0.1x	0.0x
Nuwellis	-$0.9M	-0.1x	n/a
enVVeno Medical	-$20.0M	n/a	n/a