Medical Devices Valuation Multiples and Public Comps

Medical Devices

See analyst estimates and all valuation multiples for Medical Devices

Company	EV	EV/Revenue	EV/EBITDA
Johnson & Johnson	$371B	4.1x	11.5x
Abbott Laboratories	$231B	5.4x	20.7x
Siemens	$223B	2.5x	14.2x
Samsung	$202B	0.9x	3.7x
Intuitive Surgical	$198B	22.4x	54.2x
Thermo Fisher Scientific	$190B	4.4x	17.5x
Boston Scientific	$163B	9.2x	30.7x
Stryker	$162B	6.9x	24.9x
Danaher	$155B	6.4x	20.4x
Medtronic	$128B	3.8x	13.2x
Siemens Healthineers	$59.3B	2.3x	11.2x
Alcon	$50.4B	4.7x	17.9x
IDEXX Laboratories	$41.8B	10.5x	31.1x
Edwards Lifesciences	$41.1B	7.3x	23.5x
GE HealthCare	$40.5B	2.0x	11.3x
Mindray	$36.6B	7.0x	18.9x
ResMed	$36.2B	7.1x	19.8x
Agilent	$34.8B	5.3x	17.9x
DexCom	$32.9B	7.7x	27.4x
Philips	$29.7B	1.5x	9.6x
Fresenius Medical Care	$27.3B	1.2x	6.9x
Mettler Toledo	$26.5B	6.8x	21.2x
Zimmer Biomet	$25.1B	3.2x	9.4x
Coloplast	$25.0B	6.0x	18.7x
Steris	$24.9B	4.5x	16.0x
Sartorius Stedim Biotech	$24.7B	7.7x	26.7x
Baxter International	$24.0B	2.2x	10.4x
Insulet	$22.5B	10.1x	45.6x
Waters	$22.5B	7.5x	20.5x
Bausch Health	$22.1B	2.2x	6.5x
Sartorius	$20.6B	5.3x	18.6x
Solventum	$20.1B	2.4x	9.9x
Sonova	$19.2B	4.1x	16.6x
Cooper Companies	$18.8B	4.7x	15.4x
Halma	$15.9B	5.3x	22.6x
Olympus	$15.5B	2.2x	9.9x
Smith & Nephew	$15.3B	2.5x	9.9x
United Imaging	$14.6B	9.5x	60.4x
Hologic	$13.6B	3.4x	10.3x
Align Technology	$13.0B	3.2x	12.6x
Sysmex	$11.3B	3.2x	12.3x
Penumbra	$11.3B	9.0x	61.8x
Cochlear	$11.2B	7.3x	27.8x
Fosun Pharma	$10.8B	1.9x	10.8x
Demant	$10.4B	3.0x	11.7x
Masimo	$9.3B	4.9x	19.9x
Bausch & Lomb	$8.8B	1.8x	10.1x
Shionogi	$8.8B	2.9x	7.1x
Medpace	$8.6B	4.0x	18.0x
ConvaTec Group	$8.3B	3.5x	13.4x
Bruker	$7.8B	2.3x	12.5x
Globus Medical	$7.5B	2.9x	9.7x
Abbott India	$7.4B	9.7x	36.6x
Teleflex	$7.3B	2.4x	8.2x
Amplifon	$6.7B	2.4x	10.1x
Bio-Rad Laboratories	$6.5B	2.6x	14.3x
Carl Zeiss Meditec	$6.3B	2.6x	14.9x
Shimadzu	$6.2B	1.7x	9.8x
Getinge	$6.2B	1.7x	8.9x
Merit Medical Systems	$6.2B	4.4x	19.3x
Ypsomed	$6.1B	7.3x	21.9x
Sectra	$6.0B	18.2x	73.3x
Salubris Pharmaceuticals	$5.8B	9.9x	38.4x
Snibe	$5.7B	8.7x	18.1x
Integer Holdings	$5.5B	3.1x	14.7x
APT Medical	$5.3B	16.7x	41.7x
Humanwell Healthcare	$5.3B	1.5x	8.9x
Novanta	$5.1B	5.3x	23.6x
Glaukos	$5.1B	12.1x	-154.8x
QuidelOrtho	$5.0B	1.8x	8.9x
ICU Medical	$4.8B	2.1x	12.9x
iRhythm Technologies	$4.7B	7.4x	308.7x
Mirion Technologies	$4.5B	5.2x	21.6x
Inspire Medical Systems	$4.4B	5.1x	26.3x
MGI Tech	$4.3B	9.5x	365.5x
TransMedics	$4.3B	8.8x	47.2x
Haemonetics	$4.2B	3.1x	10.1x
Ambu	$4.2B	4.7x	24.5x
Asahi Intecc	$4.0B	4.9x	15.7x
Jiangsu Yuyue Medical	$3.9B	3.6x	14.5x
Grand Pharmaceutical	$3.9B	2.5x	10.2x
GN Store Nord	$3.8B	1.4x	9.1x
Envista Holdings	$3.6B	1.4x	11.5x
Medacta Group	$3.6B	5.1x	18.7x
Enovis	$3.6B	1.7x	9.3x
AdaptHealth	$3.3B	1.0x	4.8x
Lepu Medical Technology	$3.2B	3.7x	17.2x
Autobio Diagnostics	$3.1B	4.9x	12.6x
Canon Marketing Japan	$3.0B	0.7x	6.5x
Topcon	$2.8B	1.9x	17.3x
Hamamatsu Photonics	$2.8B	1.9x	8.6x
AddLife	$2.8B	2.6x	17.2x
Integra Lifesciences	$2.8B	1.7x	8.8x
Conmed	$2.7B	2.0x	10.1x
PROCEPT BioRobotics	$2.7B	10.3x	-51.0x
PharmaResearch	$2.6B	9.5x	23.5x
Elekta	$2.6B	1.4x	7.8x
Horiba	$2.5B	1.1x	5.8x
Tecan Group	$2.5B	2.2x	12.9x
Embla Medical	$2.4B	2.6x	13.2x
PHC Holdings	$2.4B	1.0x	6.9x
Renishaw	$2.4B	2.5x	12.5x
MicroPort Scientific	$2.3B	2.2x	149.0x
LivaNova	$2.3B	1.8x	8.3x
Vitrolife	$2.3B	6.2x	18.2x
Alphatec Holdings	$2.3B	3.5x	47.7x
Jafron Biomedical	$2.3B	5.9x	13.7x
UFP Technologies	$2.1B	3.9x	18.6x
Double Medical Technology	$2.1B	6.4x	n/a
Beijing Balance Medical	$2.1B	n/a	n/a
BoneSupport	$1.9B	17.7x	85.7x
Nihon Kohden	$1.9B	1.2x	10.6x
SonoScape	$1.8B	6.1x	46.4x
NovoCure	$1.8B	2.9x	-975.7x
SKAN Group	$1.8B	3.9x	24.6x
LeMaitre Vascular	$1.8B	7.7x	26.8x
Nolato	$1.7B	n/a	n/a
Sinocare	$1.7B	2.7x	18.2x
Rigaku	$1.7B	2.6x	10.2x
Tandem Diabetes Care	$1.7B	1.8x	317.6x
Andon Health	$1.6B	4.4x	9.9x
Artivion	$1.6B	3.9x	20.3x
Jeol	$1.5B	1.1x	5.6x
AtriCure	$1.5B	3.2x	42.6x
Qingdao Baheal Medical	$1.4B	1.2x	9.6x
Draegerwerk	$1.3B	0.3x	3.5x
Oxford Nanopore Techs	$1.3B	5.0x	-8.9x
ChemoMetec	$1.3B	17.4x	33.6x
Wandong Medical	$1.2B	5.4x	57.9x
Pacira BioSciences	$1.2B	1.7x	5.6x
Mehow Innovative	$1.2B	5.1x	17.4x
SPIMACO - ADDWAEIH	$1.2B	2.6x	18.8x
Weigao Group	$1.2B	5.7x	23.3x
MicroPort EP	$1.2B	19.1x	108.2x
MicroPort	$1.2B	6.7x	12.8x
Haier Biomedical	$1.2B	3.5x	17.0x
Establishment Labs	$1.2B	6.4x	-48.4x
Haohai Biological	$1.1B	2.9x	12.6x
Dynavox Group	$1.1B	5.0x	23.1x
Medartis	$1.1B	3.7x	21.7x
Shinva	$1.1B	0.8x	7.5x
Kuros Biosciences	$1.1B	9.6x	77.9x
Xvivo Perfusion	$1.0B	11.2x	49.7x
Pulse Biosciences	$1.0B	n/a	n/a
MiMedx Group	$971M	2.7x	12.5x
Barco	$963M	0.9x	7.0x
SD Biosensor	$912M	n/a	n/a
Nakanishi	$885M	1.6x	6.3x
Mesa Laboratories	$870M	3.6x	14.5x
Nanosonics	$867M	7.1x	56.8x
Revenio Group	$848M	7.0x	23.5x
Fukuda Denshi	$798M	0.8x	3.2x
Medmix	$792M	1.4x	7.8x
Bioventus	$777M	1.4x	7.0x
El.En. Group	$757M	1.2x	7.3x
Sunmax Biotechnology	$755M	n/a	n/a
Staar Surgical	$755M	2.6x	246.0x
Polynovo	$731M	9.0x	106.9x
Cofoe Medical	$730M	1.7x	9.5x
Pacific Biosciences	$701M	4.5x	-3.0x
Mani Inc.	$700M	3.4x	9.4x
MedCap	$687M	3.5x	16.9x
SI-BONE	$685M	3.9x	-323.3x
Varex Imaging	$679M	0.8x	7.1x
Surgical Science	$658M	6.6x	26.5x
Guerbet	$647M	0.7x	4.7x
MedicalSystem Technology	$638M	n/a	n/a
Advanced Medical Solutions Group	$637M	2.4x	10.9x
Japan Lifeline	$636M	1.6x	6.4x
Avanos Medical	$632M	0.9x	6.3x
iRadimed	$627M	8.3x	n/a
Orthofix Medical	$624M	0.8x	8.5x
OrthoPediatrics	$589M	2.7x	52.7x
Synmosa Biopharma	$570M	n/a	n/a
Kaken Pharmaceutical	$547M	0.9x	3.0x
Axogen	$542M	2.7x	25.3x
Medios	$508M	0.2x	5.7x
Synektik	$484M	2.6x	11.7x
Coltene	$480M	1.6x	11.2x
Universal Vision	$476M	3.3x	7.5x
Stratec	$461M	1.5x	8.4x
CellaVision	$460M	6.0x	19.2x
Butterfly Network	$456M	5.2x	-11.8x
Delcath Systems	$453M	7.8x	58.2x
NeuroPace	$445M	5.2x	-31.8x
Amplitude Surgical	$444M	n/a	n/a
CeriBell	$439M	6.0x	-10.4x
Treace Medical Concepts	$432M	2.0x	-64.2x
ZimVie	$415M	0.9x	6.6x
Semler Scientific	$411M	7.3x	n/a
InMode	$402M	1.0x	3.3x
Ever Supreme Bio Technology	$400M	12.0x	24.7x
Lumibird	$400M	1.7x	10.1x
Surmodics	$399M	3.3x	36.5x
IBA Group	$382M	0.6x	9.8x
ClearPoint Neuro	$381M	11.2x	-35.6x
Senseonics Holdings	$367M	13.4x	n/a
Medistim	$356M	6.3x	22.8x
Beta Bionics	$348M	4.8x	-7.5x
Pyridam Farma	$348M	n/a	n/a
NIOX Group	$347M	6.0x	18.4x
AngioDynamics	$342M	1.2x	47.6x
BICO Group	$339M	1.7x	20.8x
Imricor Medical Systems	$336M	158.9x	-21.9x
Sanara MedTech	$328M	3.5x	n/a
Knight Therapeutics	$324M	1.2x	8.2x
RxSight	$319M	2.1x	-11.2x
Accuray	$308M	0.7x	11.1x
Anbio Biotechnology	$299M	n/a	n/a
Nano X Imaging	$298M	19.3x	n/a
Eurobio Scientific	$298M	1.9x	9.2x
IVF hartmann	$289M	n/a	n/a
Curiox Biosystems	$286M	n/a	n/a
TaiDoc	$280M	n/a	n/a
Cerus	$269M	1.3x	41.6x
VieMed	$269M	1.1x	5.1x
Laxmi Dental	$268M	9.2x	50.6x
EBR Systems	$263M	622.0x	-6.2x
Agfa-Gevaert	$261M	0.2x	3.4x
JETEMA Co.	$256M	5.4x	20.0x
Asterasys	$248M	9.5x	27.1x
Sisram Medical	$220M	0.6x	4.7x
Outset Medical	$219M	1.9x	-3.6x
Nextbiomedical	$208M	20.4x	-97.1x
Panion & Bf Biotech	$205M	3.1x	n/a
AVITA Medical	$204M	2.6x	-5.0x
Vuno	$202M	n/a	n/a
Ilex Medical	$199M	n/a	n/a
Onward Medical	$198M	48.4x	-4.3x
Orthocell	$186M	36.1x	-53.9x
Alpha Tau Medical	$186M	1560.0x	-4.9x
Standard BioTools	$185M	1.1x	-2.4x
Sofwave Medical	$183M	n/a	n/a
SmartVest	$179M	2.9x	13.6x
TriSalus Life Sciences	$179M	5.1x	-8.4x
Lucid Diagnostics	$179M	30.4x	-4.2x
Wellgistics Health	$175M	n/a	n/a
Tactile Medical	$175M	0.6x	5.0x
Nanobiotix	$167M	20.9x	-3.2x
Paxman	$162M	5.1x	22.7x
Onyx Healthcare	$159M	n/a	n/a
Quipt Home Medical	$156M	0.6x	2.7x
Anteris Technologies US	$156M	51.6x	-2.4x
Detection Technology	$154M	1.3x	8.1x
InfuSystem	$152M	1.1x	5.8x
Pro-Dex	$148M	2.2x	13.0x
Nyxoah	$147M	14.3x	-2.3x
LENSAR	$142M	2.4x	-46.4x
OssDsign	$136M	8.7x	-32.9x
Zepp Health	$131M	0.7x	-3.5x
MaxCyte	$131M	3.2x	-3.6x
Cytek Biosciences	$128M	0.6x	6.6x
Bactiguard	$125M	4.9x	52.4x
Ascom	$125M	0.4x	4.4x
Sedana Medical	$121M	6.2x	-48.9x
CROSSJECT	$118M	5.0x	15942.8x
BrainsWay	$116M	n/a	n/a
AOTI	$113M	1.8x	12.4x
Xtant Medical	$112M	0.9x	32.5x
Carmat	$112M	10.1x	-2.3x
Sight Sciences	$109M	1.4x	-2.7x
EKF Diagnostics	$106M	1.6x	6.8x
Svas Biosana	$104M	0.7x	5.7x
Anteris Technologies Glb	$103M	38.1x	-1.3x
908 Devices	$103M	1.8x	-4.2x
PhotoCure	$103M	2.0x	22.1x
Pulmonx	$102M	1.1x	-2.2x
Myomo	$102M	2.6x	-22.0x
Akoya Biosciences	$99.7M	1.2x	-3.8x
Utah Medical	$96.5M	n/a	n/a
Owlet	$95.1M	1.1x	-128.3x
Emvision	$94.1M	12.7x	n/a
Rapid Micro Biosystems	$93.9M	3.2x	-2.1x
C-Rad	$93.5M	1.9x	11.0x
Aroa Biosurgery	$93.2M	1.9x	48.5x
CVRx	$89.5M	1.7x	-1.9x
Darya-Varia Laboratoria	$87.5M	n/a	n/a
Elutia	$85.0M	3.3x	-6.8x
Biosynex	$84.9M	n/a	n/a
Optomed	$83.7M	4.6x	-27.0x
Meditera	$83.2M	1.4x	7.1x
Sequana Medical	$82.1M	218.8x	-4.0x
Cyclopharm	$80.5M	3.6x	-17.9x
4DMedical	$78.1M	17.7x	-3.9x
CytoSorbents	$78.1M	2.0x	n/a
Affluent Medical	$76.7M	n/a	-4.3x
Monogram Technologies	$75.9M	n/a	-4.1x
BATM Advanced Communications	$74.3M	0.6x	8.2x
Pheton Holdings	$73.6M	n/a	n/a
Median Technologies	$72.4M	2.6x	-3.1x
Quantum-Si	$70.7M	14.9x	-0.8x
Medicalgorithmics	$68.7M	n/a	n/a
Apyx Medical	$67.6M	1.4x	-5.9x
Klea	$66.8M	3.2x	15.0x
Inogen	$65.4M	0.2x	-10.9x
Nexstim	$64.4M	5.1x	31.4x
Edap TMS	$63.8M	0.9x	-3.0x
Senzime	$63.3M	7.9x	-6.8x
Fonar	$63.2M	n/a	n/a
Orchestra BioMed	$62.4M	23.1x	-0.9x
Creo Medical Group	$61.5M	1.8x	-2.7x
Vivos	$59.0M	n/a	n/a
Anatolia Geneworks	$58.1M	n/a	n/a
Harvard Bioscience	$56.8M	0.6x	16.8x
HeartBeam	$55.3M	24.3x	n/a
Sensus Healthcare	$54.3M	1.3x	6.5x
Boule Diagnostics	$53.8M	1.0x	-2.9x
Icecure Medical	$53.7M	12.5x	n/a
Envoy Medical	$53.3M	235.3x	n/a
Bioretec	$53.2M	8.7x	-10.2x
FluoGuide	$52.6M	n/a	-8.7x
Accelerate Diagnostics	$52.5M	4.5x	n/a
InspireMD	$50.7M	7.2x	-1.6x
Painchek	$50.1M	n/a	n/a
Optiscan Imaging	$49.0M	n/a	n/a
Modulight	$47.7M	7.9x	-10.1x
Modular Medical	$46.9M	n/a	n/a
Sera Prognostics	$42.9M	242.0x	n/a
BrainCool	$42.3M	8.0x	-13.4x
Nortech Systems	$42.2M	n/a	n/a
Promimic	$41.1M	n/a	n/a
Mauna Kea Technologies	$40.8M	4.2x	-8.5x
Biohit	$40.4M	2.3x	12.5x
Susmed	$40.1M	17.0x	n/a
Diagnostic Medical	$39.7M	0.7x	9.7x
Mentice	$39.6M	1.3x	16.2x
TELA Bio	$37.7M	0.5x	-1.2x
Allurion	$36.6M	1.2x	-1.0x
Daxor	$36.3M	n/a	n/a
Integrum	$35.0M	3.6x	-10.2x
Renalytix	$34.9M	15.2x	n/a
Impedimed	$33.5M	3.5x	-3.9x
electroCore	$30.4M	1.1x	n/a
BioRegenx	$30.0M	n/a	n/a
NeuroOne Medical	$29.7M	4.7x	n/a
enVVeno Medical	$29.2M	n/a	n/a
Ortoma	$28.8M	n/a	n/a
Genomtec	$28.2M	n/a	n/a
Finemedix	$25.4M	n/a	n/a
Scandinavian Medical	$25.1M	n/a	n/a
aap Implantate	$24.3M	n/a	n/a
Cambridge Cognition	$21.7M	1.5x	50.7x
SMAIO	$20.9M	2.6x	-15.8x
Iridex	$20.7M	0.4x	n/a
Acarix	$20.4M	9.3x	-3.9x
Dignitana	$19.7M	2.0x	-840.7x
Geratherm Medical	$19.7M	n/a	n/a
Implanet	$19.4M	n/a	n/a
IMD International Medical	$19.3M	0.4x	4.6x
Q-linea	$18.4M	9.0x	-1.0x
Neola Medical	$17.4M	n/a	-15.4x
Hyperfine	$17.1M	1.2x	-0.4x
Pulsenmore	$16.8M	n/a	n/a
WORK Medical Tech Gr	$15.1M	n/a	n/a
Medclair	$14.8M	3.1x	121.2x
Biofrontera	$14.6M	n/a	n/a
Medinice	$14.4M	n/a	n/a
Advanced Medical	$14.2M	n/a	n/a
Bluelinea	$12.7M	n/a	n/a
Eyenovia	$12.4M	5.1x	n/a
Arcoma	$11.8M	0.7x	5.2x
SciBase Holding	$11.7M	3.2x	-1.8x
Vicarious Surgical	$11.6M	n/a	-0.2x
SensoDetect	$10.9M	n/a	n/a
AMA Corp	$10.8M	3.9x	n/a
Observe Medical	$10.8M	n/a	n/a
Inventionmed	$10.7M	n/a	n/a
Phase Holographic	$10.6M	n/a	n/a
AnteoTech	$10.6M	n/a	n/a
Theraclion	$10.4M	n/a	n/a
BibbInstruments	$10.4M	n/a	n/a
Magnasense	$10.0M	n/a	n/a
Bionano Genomics	$9.7M	0.3x	-0.2x
Spineguard	$9.3M	1.6x	-3.0x
Lifeward	$9.2M	0.3x	n/a
Inspira Technologies	$9.2M	n/a	n/a
Redsense Medical	$8.4M	2.7x	n/a
Adiuvo Investments	$7.7M	n/a	n/a
Lifecare	$7.4M	12.3x	-1.0x
Luxbright	$7.1M	5.0x	-4.2x
BBS-Bioactive Bone	$7.0M	623.3x	-2.4x
ViroGates	$7.0M	n/a	n/a
ScandiDos	$6.6M	n/a	n/a
Bio-Gate	$6.4M	0.8x	-5.3x
SpectraCure	$5.8M	n/a	n/a
CM International	$5.6M	n/a	n/a
Clinical Laserthermia	$5.2M	n/a	n/a
Carbiotix	$4.9M	n/a	n/a
Nestmedic	$4.9M	n/a	n/a
Episurf Medical	$4.8M	n/a	n/a
Labo Euromed	$4.6M	0.1x	2.5x
Massmedica	$4.3M	n/a	n/a
Zenicor Medical Systems	$3.6M	n/a	n/a
Qlife Holding	$3.5M	n/a	n/a
Sds Optic	$3.4M	n/a	n/a
Spineway	$3.0M	0.2x	-2.4x
PolarCool	$2.9M	9.4x	-4.0x
Grupa Modne Zakupy	$2.8M	n/a	n/a
Predict	$2.7M	0.3x	2.7x
Chordate Medical Holding	$2.3M	n/a	n/a
Monivent	$2.3M	n/a	n/a
Invent Medic Sweden	$1.9M	n/a	n/a
Iconovo	$1.7M	1.0x	-0.9x
EvokAI Creative Labs	$1.5M	n/a	n/a
Scandinavian Real Heart	$1.4M	n/a	n/a
Perpetua Medical	$1.1M	n/a	n/a
Milton Essex	$0.9M	n/a	n/a
Tendo	$0.8M	n/a	n/a
Polyrizon	$0.8M	n/a	n/a
PExA	$0.6M	n/a	n/a
Inhalation Sciences SWE	$0.4M	n/a	n/a
VibroSense Dynamics	-$11K	n/a	n/a
Altamira Therapeutics	-$0.3M	n/a	n/a
Lucyd	-$1.5M	-0.3x	0.2x
Epigenomics	-$2.7M	n/a	n/a
NanoRepro	-$9.1M	n/a	n/a
Zomedica	-$12.7M	-0.4x	n/a
Co-Diagnostics	-$15.4M	-5.8x	n/a
OraSure	-$28.0M	-0.2x	2.5x
Perspective Therapeutics	-$34.0M	-27.3x	0.4x
Quanterix	-$50.3M	-0.4x	1.1x