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	$537B	5.7x	15.1x
Samsung	$417B	1.9x	7.3x
Siemens	$263B	2.8x	16.0x
Thermo Fisher Scientific	$247B	5.6x	22.2x
Abbott Laboratories	$223B	5.0x	18.8x
Intuitive Surgical	$187B	19.0x	44.5x
Danaher	$175B	7.2x	22.9x
Medtronic	$149B	4.2x	14.9x
Stryker	$149B	6.0x	20.9x
Boston Scientific	$147B	7.4x	23.6x
IDEXX Laboratories	$57.1B	13.4x	38.5x
Siemens Healthineers	$55.0B	2.0x	10.0x
Edwards Lifesciences	$45.1B	7.5x	24.6x
GE HealthCare	$45.0B	2.2x	12.4x
Alcon	$42.0B	4.1x	16.1x
Agilent	$41.1B	6.0x	20.4x
ResMed	$36.3B	6.8x	17.8x
Philips	$33.0B	1.6x	9.8x
Mindray	$31.8B	6.5x	18.9x
Mettler Toledo	$30.6B	7.7x	24.5x
Steris	$26.5B	4.6x	15.7x
Sartorius Stedim Biotech	$26.1B	7.6x	24.8x
DexCom	$25.4B	5.5x	18.9x
Zimmer Biomet	$25.0B	3.1x	9.1x
Waters	$24.4B	7.7x	21.6x
Fresenius Medical Care	$23.5B	1.0x	5.7x
Coloplast	$23.2B	5.3x	16.2x
Bausch Health	$22.3B	2.2x	6.2x
Sartorius	$22.2B	5.4x	18.3x
Insulet	$21.0B	7.9x	32.8x
Halma	$18.6B	5.7x	23.3x
Cooper Companies	$18.5B	4.5x	14.4x
Solventum	$17.9B	2.2x	8.1x
Baxter International	$17.8B	1.6x	8.0x
Hologic	$17.1B	4.1x	12.6x
Smith & Nephew	$16.5B	2.7x	10.3x
Medpace	$15.5B	6.2x	28.3x
Olympus	$14.9B	2.3x	11.2x
Sonova	$14.5B	3.0x	12.0x
United Imaging	$13.9B	7.9x	46.2x
Fosun Pharma	$13.4B	2.3x	14.2x
Fisher & Paykel	$12.6B	10.0x	30.2x
Penumbra	$12.0B	8.7x	47.4x
Cochlear	$11.4B	7.0x	26.5x
Globus Medical	$11.3B	3.9x	12.9x
Shionogi	$11.0B	3.6x	8.9x
Align Technology	$10.9B	2.7x	10.4x
Bausch & Lomb	$10.7B	2.1x	12.2x
Demant	$9.6B	2.7x	11.3x
Salubris Pharmaceuticals	$9.1B	14.3x	51.8x
Bruker	$8.8B	2.6x	16.1x
Bio-Rad Laboratories	$8.3B	3.2x	17.8x
Teleflex	$8.0B	2.4x	8.9x
Masimo	$7.7B	5.0x	17.0x
Shimadzu	$7.2B	2.1x	12.1x
ConvaTec Group	$7.2B	3.0x	11.4x
Caris Life Sciences	$7.2B	n/a	n/a
Getinge	$7.0B	1.9x	9.8x
Mirion Technologies	$6.5B	7.0x	28.7x
Abbott India	$6.4B	8.4x	31.0x
Snibe	$6.2B	9.3x	20.6x
Glaukos	$6.1B	12.5x	-227.6x
Sysmex	$5.7B	1.8x	7.2x
Ypsomed	$5.7B	6.2x	16.3x
iRhythm Technologies	$5.6B	7.7x	95.1x
Merit Medical Systems	$5.6B	3.7x	15.3x
Sectra	$5.5B	15.1x	65.3x
Amplifon	$5.4B	1.9x	8.5x
Asahi Intecc	$5.0B	6.1x	18.5x
Haemonetics	$4.9B	3.7x	11.7x
Humanwell Healthcare	$4.8B	1.4x	8.4x
ICU Medical	$4.7B	2.1x	11.8x
QuidelOrtho	$4.7B	1.7x	7.9x
Novanta	$4.7B	4.8x	20.9x
APT Medical	$4.6B	12.5x	30.4x
TransMedics	$4.4B	7.4x	30.6x
Lepu Medical Technology	$4.3B	4.6x	15.9x
Carl Zeiss Meditec	$4.2B	1.6x	9.9x
GN Store Nord	$4.1B	1.6x	10.6x
Envista Holdings	$4.1B	1.5x	11.4x
Grand Pharmaceutical	$4.0B	2.7x	9.5x
Jiangsu Yuyue Medical	$4.0B	3.4x	15.0x
Canon Marketing Japan	$3.8B	0.9x	8.3x
Integer Holdings	$3.8B	2.1x	9.5x
Medacta Group	$3.8B	4.7x	17.3x
Horiba	$3.7B	1.7x	8.8x
Inspire Medical Systems	$3.5B	3.9x	20.1x
Ambu	$3.5B	3.7x	20.6x
MGI Tech	$3.5B	8.1x	84.0x
Alphatec Holdings	$3.4B	4.5x	38.5x
MicroPort Scientific	$3.3B	3.0x	17.4x
LivaNova	$3.3B	2.4x	10.7x
AdaptHealth	$3.2B	1.0x	5.0x
Hamamatsu Photonics	$3.2B	2.3x	11.9x
Renishaw	$3.0B	3.1x	14.7x
Enovis	$3.0B	1.3x	7.5x
Embla Medical	$2.9B	3.1x	15.2x
Elekta	$2.8B	1.5x	8.2x
Integra Lifesciences	$2.8B	1.7x	8.9x
AddLife	$2.8B	2.5x	15.8x
Autobio Diagnostics	$2.8B	4.5x	11.5x
Heron Neutron Medical	$2.7B	n/a	n/a
Double Medical Technology	$2.6B	7.2x	30.4x
PharmaResearch	$2.4B	6.6x	15.2x
Artivion	$2.3B	5.3x	26.4x
Beijing Balance Medical	$2.3B	n/a	n/a
Establishment Labs	$2.3B	11.0x	-140.9x
PHC Holdings	$2.2B	1.0x	7.1x
Vitrolife	$2.1B	5.7x	18.6x
Jafron Biomedical	$2.1B	6.7x	17.5x
Conmed	$2.1B	1.5x	7.5x
AtriCure	$2.0B	3.8x	37.4x
Rigaku	$2.0B	3.3x	13.2x
ChemoMetec	$1.9B	23.0x	42.1x
Tecan Group	$1.9B	1.7x	11.1x
Qingdao Baheal Medical	$1.9B	1.8x	12.2x
UFP Technologies	$1.8B	3.1x	15.1x
Nolato	$1.8B	1.8x	10.6x
PROCEPT BioRobotics	$1.8B	5.6x	-49.8x
LeMaitre Vascular	$1.7B	7.1x	24.0x
Tandem Diabetes Care	$1.6B	1.6x	-31.6x
Nihon Kohden	$1.5B	1.0x	9.0x
Draegerwerk	$1.5B	0.4x	3.8x
SonoScape	$1.5B	4.7x	57.9x
Mehow Innovative	$1.5B	5.8x	19.1x
Axogen	$1.4B	6.5x	51.1x
Jeol	$1.4B	1.2x	6.6x
Andon Health	$1.4B	3.9x	13.4x
MicroPort EP	$1.4B	20.6x	121.6x
Kuros Biosciences	$1.4B	9.4x	101.6x
Subgen AI	$1.3B	n/a	n/a
Weigao Group	$1.3B	6.0x	28.2x
Medartis	$1.3B	4.6x	26.7x
SKAN Group	$1.3B	2.9x	23.8x
Pacira BioSciences	$1.3B	1.8x	6.4x
Oxford Nanopore Techs	$1.3B	4.5x	-10.4x
MicroPort	$1.3B	6.3x	12.6x
Sinocare	$1.3B	1.9x	13.6x
BoneSupport	$1.3B	10.3x	51.8x
Anbio Biotechnology	$1.3B	n/a	n/a
NovoCure	$1.3B	1.9x	-71.4x
Dynavox Group	$1.2B	4.6x	22.8x
Haier Biomedical	$1.2B	3.7x	15.2x
SPIMACO - ADDWAEIH	$1.2B	2.5x	14.1x
iRadimed	$1.2B	14.2x	n/a
Nanobiotix	$1.1B	30.9x	-38.9x
Wandong Medical	$1.1B	4.4x	151.4x
Curiox Biosystems	$1.1B	361.1x	-153.8x
Cofoe Medical	$1.1B	2.4x	11.8x
El.En. Group	$1.1B	1.6x	10.0x
Beta Bionics	$1.1B	11.4x	-19.4x
SS Innovations	$1.1B	n/a	n/a
Pacific Biosciences	$1.0B	6.6x	-7.1x
Staar Surgical	$1.0B	4.0x	426.1x
Haohai Biological	$1.0B	2.7x	11.6x
Shinva	$1.0B	0.7x	7.2x
Barco	$982M	0.9x	6.6x
MiMedx Group	$945M	2.3x	9.4x
Nakanishi	$883M	1.7x	6.9x
Pulse Biosciences	$878M	n/a	n/a
MedCap	$857M	3.9x	18.5x
Fukuda Denshi	$819M	0.9x	3.3x
Medmix	$801M	1.4x	7.3x
Bioventus	$786M	1.4x	6.9x
Mani Inc.	$781M	3.9x	11.1x
4DMedical	$758M	155.6x	-39.5x
Orthofix Medical	$755M	0.9x	9.1x
Varex Imaging	$731M	0.9x	6.1x
SI-BONE	$708M	3.6x	126.1x
Nanosonics	$698M	5.1x	39.8x
Revenio Group	$693M	5.4x	18.1x
Advanced Medical Solutions Group	$688M	2.3x	10.4x
MedicalSystem Technology	$672M	13.6x	64.3x
Sunmax Biotechnology	$661M	n/a	n/a
Japan Lifeline	$654M	1.7x	6.9x
Pyridam Farma	$650M	n/a	n/a
SD Biosensor	$648M	1.4x	10.9x
Butterfly Network	$637M	7.0x	-18.7x
CeriBell	$629M	7.2x	-11.7x
Synektik	$622M	2.9x	11.3x
Kaken Pharmaceutical	$618M	1.1x	8.7x
Avanos Medical	$609M	0.9x	7.8x
Mesa Laboratories	$599M	2.4x	10.4x
Xvivo Perfusion	$599M	7.0x	37.7x
CapsoVision	$585M	n/a	n/a
Medios	$574M	0.2x	5.6x
Lumibird	$567M	2.1x	10.9x
Tactile Medical	$557M	1.8x	14.5x
Zepp Health	$556M	2.2x	-26.7x
NeuroPace	$550M	5.7x	-48.7x
Guerbet	$548M	0.6x	5.2x
Polynovo	$544M	5.8x	53.6x
Synmosa Biopharma	$529M	n/a	n/a
AngioDynamics	$502M	1.7x	68.4x
OrthoPediatrics	$501M	2.2x	32.0x
Nextbiomedical	$461M	38.7x	18243.0x
Ever Supreme Bio Technology	$450M	13.8x	27.4x
Medistim	$443M	6.5x	21.0x
Cerus	$433M	1.9x	44.3x
Knight Therapeutics	$428M	1.4x	9.6x
IBA Group	$422M	0.6x	8.7x
Owlet	$419M	4.1x	303.8x
Coltene	$416M	1.4x	11.0x
Stratec	$402M	1.3x	8.6x
Standard BioTools	$402M	4.7x	-6.7x
InMode	$387M	1.0x	4.0x
Cytek Biosciences	$385M	2.0x	219.9x
Semler Scientific	$381M	11.8x	n/a
Sight Sciences	$377M	4.9x	-13.5x
TriSalus Life Sciences	$376M	8.6x	-20.0x
CellaVision	$376M	4.7x	14.8x
ClearPoint Neuro	$376M	10.3x	-29.5x
Alpha Tau Medical	$372M	n/a	-9.5x
NIOX Group	$361M	5.8x	17.8x
Universal Vision	$358M	2.7x	6.1x
NN	$354M	0.8x	6.8x
Asterasys	$320M	11.6x	31.3x
RxSight	$303M	2.3x	-7.8x
IVF hartmann	$298M	n/a	n/a
VieMed	$288M	1.1x	4.8x
SANUWAVE Health	$285M	n/a	n/a
Imricor Medical Systems	$282M	257.5x	-14.0x
Sofwave Medical	$282M	n/a	n/a
Delcath Systems	$279M	3.4x	12.6x
Eurobio Scientific	$276M	n/a	n/a
BrainsWay	$276M	n/a	n/a
EBR Systems	$260M	245.6x	-5.8x
Quanterix	$258M	1.9x	-3.4x
TaiDoc	$256M	n/a	n/a
Sanara MedTech	$248M	2.4x	n/a
Accuray	$236M	0.5x	9.2x
Onward Medical	$234M	35.6x	-4.9x
SmartVest	$232M	3.4x	15.4x
Sisram Medical	$226M	0.6x	5.2x
Vuno	$224M	12.8x	-30.4x
Agfa-Gevaert	$219M	0.2x	4.2x
JETEMA Co.	$214M	4.2x	16.1x
InfuSystem	$212M	1.5x	7.1x
Nyxoah	$212M	23.8x	-2.4x
Anteris Technologies Glb	$208M	111.1x	-2.6x
Anteris Technologies US	$198M	107.6x	-2.5x
Profound Medical	$198M	11.4x	-5.1x
Quipt Home Medical	$194M	0.8x	3.4x
Treace Medical Concepts	$191M	0.9x	-27.6x
Panion & Bf Biotech	$188M	2.9x	n/a
CVRx	$186M	3.3x	-4.2x
Lucid Diagnostics	$183M	40.0x	-3.6x
Deltex Medical Group	$183M	n/a	n/a
Nano X Imaging	$181M	13.7x	n/a
Orchestra BioMed	$175M	51.6x	-2.3x
Apyx Medical	$172M	3.4x	-29.9x
Neuronetics	$167M	1.2x	-8.1x
Median Technologies	$166M	6.1x	-8.9x
Orthocell	$165M	21.5x	-35.5x
Detection Technology	$161M	1.4x	11.4x
Laxmi Dental	$160M	5.1x	28.3x
Ilex Medical	$157M	n/a	n/a
PhotoCure	$150M	2.7x	22.9x
BICO Group	$148M	0.9x	84.0x
Pro-Dex	$145M	2.2x	n/a
Aroa Biosurgery	$144M	2.6x	40.2x
Rapid Micro Biosystems	$144M	4.3x	-3.4x
SDI Group	$138M	1.4x	7.7x
CROSSJECT	$137M	7.4x	-50.3x
Ascom	$137M	0.4x	5.0x
Onyx Healthcare	$136M	n/a	n/a
OssDsign	$128M	6.7x	-41.5x
AVITA Medical	$127M	1.8x	-3.1x
Xtant Medical	$124M	0.9x	9.1x
LENSAR	$123M	2.0x	-27.1x
Surgical Science	$121M	1.1x	7.5x
Nexstim	$121M	11.9x	321.0x
Paxman	$121M	3.6x	34.7x
Svas Biosana	$120M	0.7x	5.6x
Trinity Biotech	$116M	1.9x	n/a
EKF Diagnostics	$110M	1.6x	6.7x
908 Devices	$109M	2.0x	-5.7x
SomnoMed	$107M	1.4x	16.1x
Emvision	$104M	28.2x	-18.6x
Edap TMS	$104M	1.5x	-4.9x
Utah Medical	$101M	n/a	n/a
Sedana Medical	$99.9M	4.7x	-76.0x
Sequana Medical	$98.9M	126.3x	-4.4x
Medicalgorithmics	$97.7M	11.7x	-55.9x
C-Rad	$95.6M	1.9x	12.4x
Sera Prognostics	$94.6M	880.7x	n/a
Trajan Gr Hldgs	$93.7M	0.8x	8.9x
Austco Healthcare	$89.9M	1.5x	8.6x
Affluent Medical	$88.7M	236.6x	-5.2x
Klea	$86.8M	4.3x	22.6x
Inogen	$86.7M	0.2x	65.4x
Darya-Varia Laboratoria	$86.0M	n/a	n/a
Pulmonx	$83.5M	0.9x	-2.0x
Optomed	$81.5M	4.1x	-29.0x
BATM Advanced Communications	$81.2M	0.7x	9.1x
Zynex	$80.8M	0.4x	7.5x
Wellgistics Health	$80.5M	n/a	n/a
Fonar	$78.4M	n/a	n/a
HeartBeam	$77.4M	n/a	n/a
Senzime	$76.8M	6.9x	-8.8x
Hyperfine	$75.4M	5.7x	-2.1x
Bactiguard	$75.2M	3.2x	29.7x
Baird Medical Investment	$71.8M	n/a	n/a
Biosynex	$71.2M	n/a	n/a
Optiscan Imaging	$70.7M	n/a	n/a
Meditera	$70.6M	1.4x	7.9x
Cyclopharm	$70.4M	3.8x	-8.8x
Carmat	$69.2M	8.5x	-1.3x
Harvard Bioscience	$69.0M	0.8x	9.1x
FluoGuide	$67.6M	n/a	-10.3x
Susmed	$65.9M	22.1x	n/a
TELA Bio	$63.5M	0.8x	-2.0x
CytoSorbents	$62.5M	1.6x	n/a
Anatolia Geneworks	$61.9M	n/a	n/a
Daxor	$61.3M	n/a	n/a
Biohit	$60.8M	3.4x	18.2x
Zomedica	$58.0M	2.1x	n/a
AOTI	$57.3M	0.9x	7.6x
Quantum-Si	$56.7M	20.5x	-0.6x
Elutia	$54.2M	2.9x	-6.0x
Diagnostic Medical	$53.1M	0.9x	11.2x
Mauna Kea Technologies	$52.3M	5.9x	n/a
Modulight	$50.6M	5.9x	-41.2x
Ortoma	$48.8M	n/a	n/a
Spectral AI	$48.3M	2.5x	-8.0x
Q-linea	$48.1M	22.4x	-2.9x
Allurion	$47.7M	3.1x	-1.9x
Painchek	$44.6M	n/a	n/a
Impedimed	$43.6M	4.3x	-4.2x
Theraclion	$43.4M	n/a	n/a
Boule Diagnostics	$41.5M	0.8x	15.9x
SMAIO	$41.3M	3.6x	-47.0x
Myomo	$41.3M	1.0x	-3.4x
Renalytix	$41.0M	13.5x	n/a
Nortech Systems	$40.6M	n/a	n/a
Sensus Healthcare	$40.0M	1.3x	-5.2x
Mentice	$38.7M	1.4x	856.3x
Inspira Technologies	$36.4M	21.4x	-3.5x
Icecure Medical	$36.1M	9.9x	n/a
electroCore	$35.8M	1.1x	n/a
Implanet	$34.9M	n/a	n/a
Acarix	$34.6M	48.1x	-7.4x
Creo Medical Group	$34.0M	4.3x	-1.7x
Integrum	$32.2M	2.6x	-27.2x
Vivos	$30.5M	n/a	n/a
AnteoTech	$30.5M	34.9x	-12.7x
Promimic	$30.3M	n/a	n/a
Profusa	$29.6M	n/a	n/a
Medinice	$29.4M	n/a	n/a
Perspective Therapeutics	$27.7M	25.5x	-0.3x
Finemedix	$27.3M	n/a	n/a
Medclair	$25.7M	n/a	n/a
NeuroOne Medical	$25.1M	2.7x	n/a
Scandinavian Medical	$25.1M	n/a	n/a
IMD International Medical	$22.9M	0.5x	5.2x
InspireMD	$22.6M	2.7x	-0.5x
Baumer	$22.4M	n/a	n/a
Modular Medical	$21.5M	n/a	n/a
aap Implantate	$21.4M	n/a	n/a
Iridex	$21.0M	0.4x	n/a
ViroGates	$20.7M	n/a	n/a
Envoy Medical	$20.6M	102.2x	n/a
Cambridge Cognition	$20.0M	1.6x	-48.7x
Advanced Medical	$18.8M	n/a	n/a
Observe Medical	$18.6M	n/a	n/a
Clinical Laserthermia	$18.0M	6.2x	-8.9x
BioRegenx	$17.6M	n/a	n/a
Vicarious Surgical	$16.8M	n/a	-0.4x
Genomtec	$15.5M	n/a	n/a
SciBase Holding	$15.4M	3.7x	-1.9x
Biofrontera	$15.2M	n/a	n/a
Bluelinea	$15.1M	n/a	n/a
Bioretec	$14.8M	2.9x	-1.6x
NanoRepro	$14.2M	0.9x	-5.3x
Pulsenmore	$14.1M	n/a	n/a
Polyrizon	$13.7M	n/a	n/a
BrainCool	$13.7M	2.8x	-4.4x
Spineguard	$13.6M	3.0x	-9.8x
Geratherm Medical	$13.5M	0.8x	3.4x
Epigenomics	$13.3M	n/a	n/a
Lifecare	$12.3M	25.7x	-1.5x
Bionano Genomics	$12.1M	0.4x	-0.1x
WORK Medical Tech Gr	$11.2M	n/a	n/a
Co-Diagnostics	$10.8M	16.5x	n/a
Lifeward	$10.7M	0.4x	n/a
BibbInstruments	$10.3M	n/a	n/a
Adiuvo Investments	$9.5M	n/a	n/a
Arcoma	$8.9M	0.6x	5.1x
Bio-Gate	$8.6M	1.0x	-7.6x
AMA Corp	$8.5M	2.9x	n/a
SensoDetect	$8.4M	n/a	n/a
Nestmedic	$8.0M	n/a	n/a
Sds Optic	$7.8M	n/a	n/a
BBS-Bioactive Bone	$7.3M	n/a	n/a
Neola Medical	$7.1M	n/a	-6.5x
Inventionmed	$6.7M	n/a	n/a
ScandiDos	$5.9M	n/a	n/a
CM International	$5.6M	n/a	n/a
Redsense Medical	$5.0M	1.7x	n/a
Scandinavian Real Heart	$5.0M	n/a	n/a
Predict	$5.0M	0.5x	4.3x
Massmedica	$5.0M	n/a	n/a
Iconovo	$4.9M	5.0x	-2.0x
SpectraCure	$4.8M	n/a	n/a
Labo Euromed	$4.7M	0.1x	2.4x
Luxbright	$4.4M	4.6x	-2.7x
Zenicor Medical Systems	$4.4M	n/a	n/a
Milton Essex	$3.8M	n/a	n/a
Episurf Medical	$3.6M	2.5x	-0.7x
Qlife Holding	$3.6M	n/a	n/a
Spineway	$3.4M	0.2x	-1.7x
Pheton Holdings	$3.1M	n/a	n/a
Perpetua Medical	$3.1M	n/a	n/a
Invent Medic Sweden	$2.8M	n/a	n/a
Monivent	$2.5M	n/a	n/a
Phase Holographic	$2.5M	n/a	n/a
PExA	$2.2M	n/a	n/a
Carbiotix	$2.1M	n/a	n/a
EvokAI Creative Labs	$1.5M	n/a	n/a
PolarCool	$1.3M	5.7x	-1.7x
Altamira Therapeutics	$1.3M	n/a	n/a
Grupa Modne Zakupy	$1.2M	n/a	n/a
VibroSense Dynamics	$1.1M	n/a	n/a
Inhalation Sciences SWE	$0.9M	n/a	n/a
Chordate Medical Holding	-$0.2M	n/a	n/a
Outset Medical	-$0.2M	-0.0x	0.0x
Lucyd	-$0.3M	-0.1x	0.0x
Nuwellis	-$0.5M	-0.1x	n/a
enVVeno Medical	-$23.5M	n/a	n/a
OraSure	-$24.4M	-0.2x	0.6x