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	$527B	5.7x	14.9x
Samsung	$394B	1.8x	7.0x
Thermo Fisher Scientific	$255B	5.8x	22.9x
Siemens	$242B	2.6x	14.9x
Abbott Laboratories	$229B	5.1x	19.4x
Intuitive Surgical	$199B	20.3x	47.5x
Danaher	$177B	7.2x	23.2x
Boston Scientific	$160B	8.1x	26.0x
Stryker	$156B	6.3x	22.0x
Medtronic	$155B	4.4x	15.6x
IDEXX Laboratories	$61.3B	14.4x	41.5x
Siemens Healthineers	$52.9B	1.9x	9.7x
Edwards Lifesciences	$47.2B	7.9x	25.8x
Agilent	$45.3B	6.6x	22.5x
GE HealthCare	$43.5B	2.1x	12.0x
Alcon	$42.7B	4.2x	16.4x
ResMed	$36.7B	6.9x	18.1x
Philips	$34.2B	1.7x	10.3x
Mettler Toledo	$32.5B	8.1x	26.0x
Mindray	$31.2B	6.3x	18.1x
Steris	$27.9B	4.8x	16.6x
Zimmer Biomet	$26.2B	3.2x	9.5x
Waters	$25.3B	8.0x	22.5x
Sartorius Stedim Biotech	$25.2B	7.4x	24.3x
Fresenius Medical Care	$23.8B	1.1x	5.8x
Coloplast	$23.7B	5.4x	16.6x
DexCom	$23.6B	5.1x	17.8x
Insulet	$23.2B	8.8x	36.9x
Bausch Health	$22.0B	2.2x	6.2x
Sartorius	$21.6B	5.3x	18.1x
Halma	$18.8B	5.9x	24.0x
Solventum	$18.3B	2.2x	8.3x
Cooper Companies	$17.9B	4.3x	14.1x
Baxter International	$17.7B	1.6x	8.0x
Hologic	$17.1B	4.1x	12.6x
Medpace	$16.9B	6.8x	30.8x
Smith & Nephew	$16.9B	2.8x	10.6x
Olympus	$15.3B	2.4x	11.4x
Sonova	$14.5B	3.0x	12.0x
United Imaging	$14.3B	8.2x	47.8x
Fosun Pharma	$12.9B	2.2x	12.6x
Fisher & Paykel	$12.4B	10.1x	30.6x
Globus Medical	$11.9B	4.2x	13.5x
Cochlear	$11.8B	7.4x	28.3x
Penumbra	$11.3B	8.3x	45.5x
Shionogi	$11.1B	3.6x	9.0x
Bausch & Lomb	$10.3B	2.0x	11.9x
Align Technology	$9.7B	2.4x	9.3x
Demant	$9.5B	2.7x	11.3x
Salubris Pharmaceuticals	$9.5B	15.2x	54.5x
Bruker	$9.2B	2.7x	16.7x
Bio-Rad Laboratories	$8.7B	3.4x	18.6x
Masimo	$8.0B	5.1x	17.6x
Teleflex	$7.5B	2.3x	8.3x
ConvaTec Group	$7.3B	3.0x	11.6x
Shimadzu	$7.3B	2.1x	12.4x
Getinge	$7.0B	1.9x	10.0x
Abbott India	$6.8B	8.9x	32.9x
Mirion Technologies	$6.8B	7.4x	30.2x
Caris Life Sciences	$6.8B	n/a	n/a
iRhythm Technologies	$6.2B	8.5x	110.2x
Snibe	$6.1B	9.2x	20.5x
Ypsomed	$5.9B	6.5x	16.9x
Glaukos	$5.9B	12.2x	-214.6x
Sysmex	$5.9B	1.8x	7.4x
Sectra	$5.7B	15.9x	68.7x
Merit Medical Systems	$5.6B	3.8x	15.5x
Amplifon	$5.3B	1.9x	8.3x
TransMedics	$5.0B	8.6x	35.8x
Humanwell Healthcare	$5.0B	1.4x	8.8x
Asahi Intecc	$4.7B	5.9x	18.1x
ICU Medical	$4.7B	2.1x	11.9x
Carl Zeiss Meditec	$4.7B	1.8x	10.8x
Haemonetics	$4.7B	3.5x	11.2x
QuidelOrtho	$4.6B	1.7x	7.8x
APT Medical	$4.5B	12.4x	30.3x
Novanta	$4.5B	4.6x	20.0x
Lepu Medical Technology	$4.4B	4.7x	16.5x
Grand Pharmaceutical	$4.1B	2.6x	9.8x
Jiangsu Yuyue Medical	$4.0B	3.4x	14.0x
Envista Holdings	$3.9B	1.5x	11.0x
Medacta Group	$3.9B	4.9x	18.0x
Alphatec Holdings	$3.8B	5.1x	44.3x
GN Store Nord	$3.8B	1.4x	9.6x
Integer Holdings	$3.8B	2.1x	9.5x
Canon Marketing Japan	$3.7B	0.8x	8.1x
Ambu	$3.6B	3.8x	21.3x
MicroPort Scientific	$3.4B	3.1x	22.5x
Inspire Medical Systems	$3.4B	3.8x	19.7x
MGI Tech	$3.4B	7.8x	84.2x
LivaNova	$3.3B	2.4x	10.8x
Horiba	$3.3B	1.6x	8.0x
Enovis	$3.1B	1.4x	7.9x
AdaptHealth	$3.1B	1.0x	4.8x
Renishaw	$2.9B	3.1x	14.5x
AddLife	$2.9B	2.6x	16.6x
Autobio Diagnostics	$2.8B	4.6x	11.4x
Hamamatsu Photonics	$2.8B	2.0x	10.3x
Topcon	$2.8B	2.0x	18.6x
PharmaResearch	$2.8B	7.7x	17.6x
Embla Medical	$2.8B	3.0x	14.6x
Integra Lifesciences	$2.8B	1.7x	8.8x
Elekta	$2.7B	1.5x	8.0x
Double Medical Technology	$2.7B	7.4x	31.3x
Artivion	$2.4B	5.5x	27.3x
Beijing Balance Medical	$2.4B	n/a	n/a
Heron Neutron Medical	$2.3B	n/a	n/a
Vitrolife	$2.2B	6.1x	20.0x
Conmed	$2.2B	1.6x	7.8x
Establishment Labs	$2.2B	10.5x	-131.7x
PHC Holdings	$2.2B	0.9x	7.0x
Jafron Biomedical	$2.1B	6.8x	17.6x
Tecan Group	$2.1B	1.9x	12.0x
ChemoMetec	$2.0B	24.8x	45.6x
UFP Technologies	$1.9B	3.2x	15.6x
Qingdao Baheal Medical	$1.8B	1.7x	12.0x
Nolato	$1.8B	1.8x	10.6x
LeMaitre Vascular	$1.7B	7.1x	23.9x
AtriCure	$1.7B	3.3x	32.2x
Rigaku	$1.6B	2.8x	11.1x
PROCEPT BioRobotics	$1.6B	4.9x	-41.4x
Tandem Diabetes Care	$1.5B	1.5x	-31.8x
SonoScape	$1.5B	4.8x	36.1x
Nihon Kohden	$1.5B	1.0x	8.9x
Kuros Biosciences	$1.5B	10.4x	111.7x
Draegerwerk	$1.5B	0.4x	3.8x
Andon Health	$1.5B	4.1x	14.1x
Mehow Innovative	$1.5B	5.9x	19.3x
Weigao Group	$1.4B	6.4x	23.1x
Jeol	$1.4B	1.2x	6.4x
Sinocare	$1.4B	2.0x	14.7x
Oxford Nanopore Techs	$1.4B	4.8x	-11.0x
Axogen	$1.3B	6.1x	48.4x
MicroPort EP	$1.3B	19.9x	115.9x
MicroPort	$1.3B	6.3x	12.3x
BoneSupport	$1.3B	10.7x	54.2x
SKAN Group	$1.3B	2.9x	23.2x
Medartis	$1.3B	3.9x	24.2x
Haier Biomedical	$1.3B	3.9x	16.0x
SS Innovations	$1.3B	n/a	n/a
Pacira BioSciences	$1.2B	1.7x	5.8x
SPIMACO - ADDWAEIH	$1.2B	2.5x	14.0x
NovoCure	$1.2B	1.8x	-71.1x
Wandong Medical	$1.2B	4.6x	148.6x
Beta Bionics	$1.1B	12.1x	-20.6x
Haohai Biological	$1.1B	2.9x	12.7x
Staar Surgical	$1.1B	4.4x	-840.5x
Dynavox Group	$1.1B	4.4x	21.6x
iRadimed	$1.1B	13.7x	n/a
Pacific Biosciences	$1.1B	7.2x	-7.5x
El.En. Group	$1.1B	1.6x	9.8x
Curiox Biosystems	$1.1B	339.9x	-144.8x
Shinva	$1.1B	0.7x	7.4x
Cofoe Medical	$1.0B	2.1x	10.9x
Anbio Biotechnology	$995M	n/a	n/a
Nanobiotix	$977M	28.1x	-31.9x
Barco	$954M	0.8x	6.5x
MiMedx Group	$897M	2.2x	9.0x
Nakanishi	$892M	1.7x	6.9x
MedCap	$883M	4.1x	19.4x
Pulse Biosciences	$850M	n/a	n/a
Fukuda Denshi	$835M	0.9x	3.4x
Mani Inc.	$796M	4.1x	11.4x
Bioventus	$793M	1.4x	7.0x
Orthofix Medical	$781M	1.0x	9.4x
Medmix	$778M	1.4x	7.1x
SI-BONE	$737M	3.8x	143.0x
Nanosonics	$731M	5.5x	42.3x
Varex Imaging	$724M	0.9x	6.0x
Advanced Medical Solutions Group	$705M	2.4x	10.9x
Pyridam Farma	$682M	n/a	n/a
Revenio Group	$681M	5.3x	17.9x
MedicalSystem Technology	$679M	13.6x	75.5x
Sunmax Biotechnology	$657M	n/a	n/a
Butterfly Network	$655M	7.2x	-19.1x
SD Biosensor	$653M	1.4x	10.9x
Japan Lifeline	$647M	1.7x	6.9x
Synektik	$632M	3.0x	12.3x
Mesa Laboratories	$615M	2.5x	10.7x
Surmodics	$614M	5.2x	54.9x
Avanos Medical	$613M	0.9x	7.8x
Guerbet	$606M	0.6x	5.2x
Medios	$587M	0.3x	5.8x
Kaken Pharmaceutical	$583M	1.0x	7.2x
Xvivo Perfusion	$576M	6.9x	36.5x
Zepp Health	$569M	2.3x	-26.0x
NeuroPace	$561M	5.8x	-49.0x
Lumibird	$542M	2.1x	10.6x
4DMedical	$536M	121.9x	-28.7x
Synmosa Biopharma	$535M	n/a	n/a
Polynovo	$526M	5.7x	57.6x
Tactile Medical	$515M	1.6x	13.4x
OrthoPediatrics	$508M	2.2x	33.1x
CeriBell	$480M	5.6x	-9.1x
Cytek Biosciences	$479M	2.4x	191.2x
AngioDynamics	$467M	1.5x	63.5x
Ever Supreme Bio Technology	$465M	14.4x	28.6x
Nextbiomedical	$445M	38.0x	-6646.6x
ClearPoint Neuro	$428M	11.8x	-33.7x
Semler Scientific	$420M	12.6x	n/a
Knight Therapeutics	$419M	1.4x	9.6x
Medistim	$415M	6.2x	20.1x
Stratec	$405M	1.3x	8.5x
IBA Group	$403M	0.6x	8.5x
Coltene	$394M	1.3x	10.4x
Sight Sciences	$393M	5.1x	-13.9x
CellaVision	$391M	5.0x	15.6x
Universal Vision	$387M	2.9x	6.6x
Standard BioTools	$380M	4.3x	-6.2x
NIOX Group	$380M	6.2x	19.0x
Owlet	$378M	3.7x	314.9x
InMode	$362M	1.0x	3.7x
Cerus	$358M	1.6x	37.3x
NN	$358M	0.8x	6.9x
TriSalus Life Sciences	$335M	7.7x	-17.3x
SANUWAVE Health	$310M	n/a	n/a
Asterasys	$309M	11.2x	30.7x
IVF hartmann	$293M	n/a	n/a
Sofwave Medical	$287M	n/a	n/a
Imricor Medical Systems	$286M	264.3x	-14.5x
EBR Systems	$285M	284.0x	-6.5x
VieMed	$276M	1.0x	4.6x
Eurobio Scientific	$271M	n/a	n/a
Nano X Imaging	$260M	19.8x	n/a
Alpha Tau Medical	$260M	n/a	-7.4x
Onward Medical	$258M	41.0x	-5.5x
RxSight	$258M	2.0x	-6.7x
TaiDoc	$255M	n/a	n/a
Delcath Systems	$252M	3.1x	12.0x
CapsoVision	$250M	n/a	n/a
Quanterix	$250M	1.9x	-3.3x
BrainsWay	$246M	n/a	n/a
Agfa-Gevaert	$245M	0.2x	4.8x
Accuray	$235M	0.5x	9.1x
Sisram Medical	$234M	0.6x	4.6x
CVRx	$223M	4.0x	-5.0x
Sanara MedTech	$219M	2.2x	n/a
Orchestra BioMed	$216M	64.1x	-2.8x
Vuno	$215M	12.2x	-28.9x
JETEMA Co.	$215M	4.2x	16.1x
InfuSystem	$212M	1.5x	7.1x
SmartVest	$207M	3.1x	13.8x
Nyxoah	$205M	23.7x	-2.4x
Treace Medical Concepts	$205M	1.0x	-28.9x
Panion & Bf Biotech	$191M	2.9x	n/a
Quipt Home Medical	$184M	0.7x	3.3x
Deltex Medical Group	$183M	n/a	n/a
Apyx Medical	$179M	3.5x	-29.1x
Profound Medical	$173M	10.1x	-4.5x
Laxmi Dental	$170M	5.4x	30.4x
Lucid Diagnostics	$170M	36.9x	-3.4x
Orthocell	$168M	22.9x	-36.7x
Rapid Micro Biosystems	$166M	5.0x	-3.9x
Median Technologies	$165M	6.1x	-8.8x
Anteris Technologies Glb	$165M	88.3x	-2.1x
Anteris Technologies US	$165M	87.7x	-2.1x
Neuronetics	$158M	1.1x	-7.7x
CROSSJECT	$156M	8.5x	-51.6x
Ilex Medical	$155M	n/a	n/a
Detection Technology	$151M	1.3x	10.6x
BICO Group	$144M	0.9x	132.3x
Aroa Biosurgery	$141M	2.6x	40.7x
AVITA Medical	$141M	2.0x	-3.4x
Onyx Healthcare	$137M	n/a	n/a
Ascom	$136M	0.4x	5.0x
PhotoCure	$134M	2.4x	21.1x
SDI Group	$127M	1.4x	7.2x
Nexstim	$124M	12.3x	332.2x
908 Devices	$124M	2.3x	-6.3x
Pro-Dex	$123M	1.8x	n/a
EKF Diagnostics	$123M	1.8x	7.7x
Svas Biosana	$118M	0.7x	5.6x
Paxman	$117M	3.5x	33.4x
Trinity Biotech	$114M	1.8x	n/a
LENSAR	$110M	1.8x	-24.2x
Xtant Medical	$110M	0.8x	8.4x
SomnoMed	$108M	1.4x	16.8x
Emvision	$107M	29.6x	-19.5x
Zynex	$107M	0.6x	9.8x
OssDsign	$100.0M	5.3x	-30.7x
Surgical Science	$98.5M	0.9x	5.9x
C-Rad	$97.6M	2.0x	12.8x
Sedana Medical	$95.0M	4.5x	-69.2x
Utah Medical	$94.3M	n/a	n/a
Trajan Gr Hldgs	$93.9M	0.9x	9.1x
Austco Healthcare	$92.5M	1.6x	9.2x
Affluent Medical	$92.4M	204.7x	-5.5x
Klea	$91.2M	4.6x	23.9x
Sera Prognostics	$91.1M	858.9x	n/a
Medicalgorithmics	$90.6M	11.0x	-49.6x
Sequana Medical	$88.6M	137.0x	-4.0x
Inogen	$88.3M	0.2x	104.3x
Wellgistics Health	$88.0M	n/a	n/a
Darya-Varia Laboratoria	$87.2M	n/a	n/a
Edap TMS	$87.2M	1.2x	-4.2x
BATM Advanced Communications	$87.0M	0.7x	9.8x
Optomed	$86.3M	4.4x	-30.5x
Hyperfine	$79.7M	6.0x	-2.2x
Bactiguard	$75.7M	3.2x	30.6x
Fonar	$74.4M	n/a	n/a
Baird Medical Investment	$71.2M	n/a	n/a
Biosynex	$71.1M	n/a	n/a
Senzime	$70.8M	6.6x	-8.2x
Susmed	$70.4M	16.3x	n/a
Quantum-Si	$69.7M	25.1x	-0.8x
Harvard Bioscience	$69.4M	0.8x	9.5x
CytoSorbents	$69.3M	1.8x	n/a
Optiscan Imaging	$68.9M	n/a	n/a
Carmat	$68.8M	8.5x	-1.3x
Meditera	$68.4M	1.4x	7.6x
Daxor	$65.6M	n/a	n/a
AOTI	$62.8M	1.0x	8.4x
TELA Bio	$62.2M	0.8x	-1.9x
Anatolia Geneworks	$59.8M	n/a	n/a
Zomedica	$58.6M	2.1x	n/a
Biohit	$55.0M	3.1x	16.6x
Diagnostic Medical	$54.9M	0.9x	11.8x
FluoGuide	$54.4M	n/a	-6.3x
Elutia	$53.2M	2.8x	-5.7x
Mauna Kea Technologies	$52.4M	6.0x	n/a
Ortoma	$49.6M	n/a	n/a
Modulight	$48.4M	5.8x	-34.1x
Spectral AI	$48.3M	2.5x	-8.0x
Pulmonx	$47.2M	0.5x	-1.2x
Allurion	$47.0M	2.9x	-1.8x
Cyclopharm	$46.0M	2.6x	-5.9x
Impedimed	$45.1M	4.5x	-4.7x
Boule Diagnostics	$43.7M	0.8x	44.6x
Sensus Healthcare	$43.6M	1.4x	-6.3x
Renalytix	$43.4M	14.5x	n/a
Theraclion	$43.4M	n/a	n/a
Mentice	$41.9M	1.5x	333.7x
SMAIO	$41.3M	3.7x	-44.7x
Implanet	$41.0M	n/a	n/a
Nortech Systems	$39.1M	n/a	n/a
Icecure Medical	$38.6M	10.6x	n/a
electroCore	$37.6M	1.2x	n/a
Acarix	$36.6M	51.7x	-7.8x
Creo Medical Group	$33.0M	4.3x	-1.6x
Myomo	$32.9M	0.8x	-2.8x
AnteoTech	$31.5M	37.8x	-12.8x
Vivos	$30.3M	n/a	n/a
Inspira Technologies	$29.9M	18.4x	-2.9x
Profusa	$28.6M	n/a	n/a
InspireMD	$28.5M	3.4x	-0.7x
Promimic	$28.0M	n/a	n/a
NeuroOne Medical	$27.3M	2.9x	n/a
Finemedix	$26.3M	n/a	n/a
Scandinavian Medical	$24.0M	n/a	n/a
Medclair	$23.5M	n/a	n/a
Medinice	$22.8M	n/a	n/a
IMD International Medical	$21.7M	0.5x	5.0x
Baumer	$21.7M	n/a	n/a
aap Implantate	$21.6M	n/a	n/a
Iridex	$21.5M	0.4x	n/a
Cambridge Cognition	$20.7M	1.6x	-41.6x
Modular Medical	$20.6M	n/a	n/a
Pulsenmore	$20.5M	n/a	n/a
Envoy Medical	$20.4M	100.8x	n/a
ViroGates	$20.2M	n/a	n/a
Integrum	$19.6M	1.6x	-14.6x
Advanced Medical	$19.4M	n/a	n/a
Polyrizon	$19.3M	n/a	n/a
HeartBeam	$18.9M	n/a	n/a
Q-linea	$18.2M	8.9x	-1.1x
Clinical Laserthermia	$17.8M	6.3x	-8.3x
Bioretec	$17.4M	3.4x	-1.9x
Vicarious Surgical	$17.1M	n/a	-0.4x
Genomtec	$16.9M	n/a	n/a
WORK Medical Tech Gr	$16.4M	n/a	n/a
Spineguard	$16.1M	3.5x	-10.9x
Bluelinea	$16.0M	n/a	n/a
Biofrontera	$15.9M	n/a	n/a
Observe Medical	$15.5M	n/a	n/a
SciBase Holding	$14.9M	3.7x	-1.9x
BioRegenx	$14.5M	n/a	n/a
BrainCool	$14.4M	3.0x	-4.6x
NanoRepro	$14.0M	0.9x	-5.2x
Bionano Genomics	$14.0M	0.5x	-0.2x
Geratherm Medical	$13.6M	0.8x	6.7x
SensoDetect	$13.6M	n/a	n/a
Epigenomics	$13.2M	n/a	n/a
Co-Diagnostics	$12.8M	16.1x	n/a
Lifecare	$12.7M	41.2x	-1.8x
BibbInstruments	$10.9M	n/a	n/a
Adiuvo Investments	$9.5M	n/a	n/a
Sds Optic	$9.2M	n/a	n/a
AMA Corp	$8.7M	3.0x	n/a
Bio-Gate	$8.6M	1.0x	-7.6x
Nestmedic	$8.5M	n/a	n/a
Lifeward	$8.4M	0.3x	n/a
Arcoma	$8.3M	0.6x	4.8x
Neola Medical	$7.7M	n/a	-7.1x
Inventionmed	$7.6M	n/a	n/a
BBS-Bioactive Bone	$7.2M	n/a	n/a
Subgen AI	$6.9M	n/a	n/a
CM International	$6.0M	n/a	n/a
Luxbright	$6.0M	4.3x	-3.4x
Iconovo	$5.6M	6.0x	-2.3x
ScandiDos	$5.3M	n/a	n/a
Scandinavian Real Heart	$5.3M	n/a	n/a
Redsense Medical	$5.3M	1.8x	n/a
Massmedica	$4.9M	n/a	n/a
Predict	$4.8M	0.5x	4.2x
Labo Euromed	$4.6M	0.1x	2.4x
Zenicor Medical Systems	$4.6M	n/a	n/a
Outset Medical	$4.1M	0.0x	-0.1x
Spineway	$3.7M	0.2x	5.6x
Episurf Medical	$3.5M	2.5x	-0.7x
SpectraCure	$3.5M	n/a	n/a
Phase Holographic	$3.1M	n/a	n/a
Milton Essex	$3.1M	n/a	n/a
Perpetua Medical	$3.1M	n/a	n/a
Qlife Holding	$3.1M	n/a	n/a
PExA	$3.0M	n/a	n/a
Carbiotix	$2.9M	n/a	n/a
Pheton Holdings	$2.8M	n/a	n/a
Monivent	$2.5M	n/a	n/a
Invent Medic Sweden	$2.4M	n/a	n/a
Grupa Modne Zakupy	$1.9M	n/a	n/a
VibroSense Dynamics	$1.5M	2.1x	n/a
EvokAI Creative Labs	$1.4M	n/a	n/a
PolarCool	$1.2M	5.4x	-1.6x
Altamira Therapeutics	$1.2M	n/a	n/a
Inhalation Sciences SWE	$0.1M	n/a	n/a
Lucyd	$0.1M	0.0x	-0.0x
Chordate Medical Holding	-$0.3M	n/a	n/a
Nuwellis	-$0.5M	-0.1x	n/a
Perspective Therapeutics	-$5.1M	-4.6x	0.1x
enVVeno Medical	-$23.3M	n/a	n/a
OraSure	-$32.6M	-0.3x	0.8x