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	$381B	4.2x	11.6x
Siemens	$244B	2.7x	14.9x
Abbott Laboratories	$243B	5.6x	21.5x
Samsung	$220B	1.0x	3.9x
Intuitive Surgical	$190B	21.1x	51.6x
Thermo Fisher Scientific	$181B	4.2x	16.7x
Boston Scientific	$170B	9.4x	31.0x
Stryker	$166B	7.0x	24.9x
Danaher	$156B	6.5x	20.5x
Medtronic	$131B	3.9x	13.5x
Siemens Healthineers	$59.3B	2.2x	10.7x
Alcon	$47.3B	4.3x	16.6x
IDEXX Laboratories	$44.0B	11.0x	32.2x
Edwards Lifesciences	$42.7B	7.5x	24.3x
GE HealthCare	$40.6B	2.0x	11.4x
ResMed	$37.7B	7.4x	20.2x
Mindray	$35.6B	6.7x	18.0x
Agilent	$35.5B	5.3x	18.2x
DexCom	$34.1B	7.9x	27.6x
Philips	$29.6B	1.4x	8.9x
Fresenius Medical Care	$27.6B	1.2x	6.6x
Mettler Toledo	$26.4B	6.8x	21.3x
Sartorius Stedim Biotech	$25.9B	7.7x	26.4x
Steris	$25.7B	4.6x	15.9x
Coloplast	$25.0B	5.7x	17.9x
Zimmer Biomet	$23.8B	3.0x	8.9x
Baxter International	$23.6B	2.1x	10.0x
Bausch Health	$22.9B	2.3x	6.6x
Insulet	$22.5B	9.8x	43.8x
Waters	$21.9B	7.2x	19.9x
Sartorius	$20.6B	5.0x	17.6x
Solventum	$20.5B	2.5x	10.2x
Sonova	$19.0B	3.9x	15.4x
Halma	$17.4B	5.6x	23.2x
Cooper Companies	$16.7B	4.1x	13.7x
Smith & Nephew	$16.0B	2.6x	10.2x
Hologic	$15.4B	3.8x	11.6x
United Imaging	$13.5B	8.5x	52.1x
Olympus	$13.2B	1.9x	8.4x
Align Technology	$13.0B	3.2x	12.4x
Fisher & Paykel	$12.8B	10.1x	31.5x
Cochlear	$12.7B	8.2x	31.8x
Fosun Pharma	$11.4B	2.0x	12.2x
Demant	$11.1B	3.1x	12.1x
Shionogi	$11.0B	3.5x	8.7x
Sysmex	$10.7B	3.0x	11.9x
Penumbra	$9.8B	7.7x	51.1x
Masimo	$9.7B	5.3x	20.6x
Bausch & Lomb	$9.3B	1.8x	10.5x
ConvaTec Group	$9.2B	3.8x	14.5x
Medpace	$8.7B	4.1x	18.2x
Abbott India	$8.5B	11.2x	41.5x
Bruker	$8.2B	2.4x	13.0x
Globus Medical	$7.6B	2.8x	9.7x
Ypsomed	$7.5B	8.0x	25.1x
Salubris Pharmaceuticals	$7.1B	11.9x	40.6x
Sectra	$7.0B	19.9x	79.7x
Teleflex	$7.0B	2.3x	7.9x
Amplifon	$6.9B	2.4x	10.0x
Bio-Rad Laboratories	$6.2B	2.5x	14.0x
Shimadzu	$6.2B	1.7x	9.8x
Getinge	$6.2B	1.7x	8.8x
Carl Zeiss Meditec	$6.0B	2.3x	13.2x
Merit Medical Systems	$5.9B	4.2x	18.5x
Snibe	$5.9B	8.7x	18.0x
Glaukos	$5.7B	13.2x	-187.8x
APT Medical	$5.7B	17.1x	42.4x
Integer Holdings	$5.6B	3.1x	14.7x
Mirion Technologies	$5.5B	6.2x	25.7x
Humanwell Healthcare	$5.5B	1.5x	8.9x
iRhythm Technologies	$5.1B	8.0x	219.6x
Novanta	$5.0B	5.1x	22.7x
TransMedics	$4.7B	9.3x	48.1x
ICU Medical	$4.6B	2.0x	12.1x
QuidelOrtho	$4.5B	1.6x	8.0x
Haemonetics	$4.5B	3.3x	10.7x
Ambu	$4.1B	4.5x	23.0x
Grand Pharmaceutical	$4.1B	2.7x	10.0x
Jiangsu Yuyue Medical	$4.0B	3.6x	14.3x
Asahi Intecc	$4.0B	4.8x	15.1x
GN Store Nord	$4.0B	1.4x	9.3x
Lepu Medical Technology	$3.9B	4.3x	18.9x
Envista Holdings	$3.8B	1.5x	11.7x
Medacta Group	$3.6B	4.8x	17.8x
Inspire Medical Systems	$3.5B	4.0x	20.1x
PharmaResearch	$3.4B	11.0x	27.0x
MGI Tech	$3.4B	7.3x	164.8x
Hamamatsu Photonics	$3.3B	2.3x	10.3x
AdaptHealth	$3.3B	1.0x	4.9x
Enovis	$3.2B	1.5x	8.4x
Autobio Diagnostics	$3.0B	4.7x	11.8x
PROCEPT BioRobotics	$3.0B	10.8x	-60.9x
AddLife	$2.9B	2.6x	17.2x
Topcon	$2.9B	1.9x	17.0x
Canon Marketing Japan	$2.9B	0.6x	6.2x
MicroPort Scientific	$2.8B	2.5x	101.4x
Integra Lifesciences	$2.7B	1.6x	8.5x
Embla Medical	$2.7B	2.8x	14.4x
Horiba	$2.7B	1.2x	6.0x
Renishaw	$2.7B	2.7x	14.0x
Tecan Group	$2.5B	2.1x	12.5x
Conmed	$2.5B	1.8x	9.1x
Elekta	$2.5B	1.3x	6.4x
LivaNova	$2.4B	1.9x	8.3x
PHC Holdings	$2.3B	0.9x	6.6x
Jafron Biomedical	$2.2B	5.8x	13.4x
Vitrolife	$2.1B	5.5x	16.3x
UFP Technologies	$2.1B	3.7x	18.0x
Alphatec Holdings	$2.1B	3.0x	37.8x
Double Medical Technology	$2.0B	5.9x	19.8x
SKAN Group	$2.0B	4.0x	25.2x
Beijing Balance Medical	$1.9B	n/a	n/a
BoneSupport	$1.9B	16.8x	79.7x
Nihon Kohden	$1.8B	1.1x	10.3x
Artivion	$1.8B	4.4x	22.7x
LeMaitre Vascular	$1.8B	7.6x	26.6x
NovoCure	$1.8B	2.9x	-632.5x
Nolato	$1.7B	n/a	n/a
Sinocare	$1.7B	2.7x	18.1x
SonoScape	$1.6B	5.2x	36.1x
AtriCure	$1.6B	3.2x	42.2x
Qingdao Baheal Medical	$1.6B	1.3x	10.3x
ChemoMetec	$1.6B	19.9x	37.9x
Andon Health	$1.5B	4.0x	8.1x
Rigaku	$1.4B	2.3x	8.8x
Establishment Labs	$1.4B	7.5x	-61.2x
Oxford Nanopore Techs	$1.4B	5.1x	-9.5x
Anbio Biotechnology	$1.4B	n/a	n/a
Jeol	$1.4B	1.0x	5.2x
Tandem Diabetes Care	$1.4B	1.4x	127.9x
Dynavox Group	$1.3B	5.7x	26.5x
Draegerwerk	$1.3B	0.3x	3.3x
Kuros Biosciences	$1.3B	10.3x	83.1x
Pacira BioSciences	$1.2B	1.7x	5.7x
MicroPort	$1.2B	6.8x	13.1x
Weigao Group	$1.2B	5.7x	22.6x
Medartis	$1.2B	4.0x	22.9x
Wandong Medical	$1.2B	5.1x	53.3x
SPIMACO - ADDWAEIH	$1.2B	2.5x	16.7x
Haohai Biological	$1.2B	2.9x	12.6x
Mehow Innovative	$1.2B	4.7x	15.8x
Haier Biomedical	$1.1B	3.3x	15.7x
MicroPort EP	$1.1B	16.9x	96.4x
Shinva	$1.1B	0.7x	7.2x
SD Biosensor	$1.1B	2.0x	15.9x
Barco	$925M	0.8x	6.4x
Nakanishi	$923M	1.7x	6.7x
Xvivo Perfusion	$911M	9.7x	43.9x
El.En. Group	$910M	1.3x	8.3x
Pulse Biosciences	$908M	n/a	n/a
Medmix	$902M	1.5x	8.6x
Fukuda Denshi	$860M	0.9x	3.4x
Revenio Group	$841M	6.6x	22.0x
MiMedx Group	$815M	2.3x	10.5x
Bioventus	$783M	1.4x	7.0x
Surgical Science	$760M	7.1x	28.6x
Advanced Medical Solutions Group	$732M	2.6x	11.8x
Varex Imaging	$728M	0.9x	7.5x
Pacific Biosciences	$727M	4.7x	-3.4x
Cofoe Medical	$722M	1.6x	9.0x
Nanosonics	$715M	5.7x	44.5x
Mani Inc.	$713M	3.5x	9.5x
iRadimed	$712M	9.3x	n/a
Sunmax Biotechnology	$710M	n/a	n/a
MedCap	$710M	3.5x	16.9x
SI-BONE	$695M	3.8x	-649.2x
MedicalSystem Technology	$694M	12.3x	-131.5x
Japan Lifeline	$675M	1.7x	6.7x
Guerbet	$675M	0.7x	4.6x
Mesa Laboratories	$669M	2.7x	11.6x
Staar Surgical	$645M	2.3x	-208.5x
Avanos Medical	$610M	0.9x	6.1x
Lumibird	$601M	2.4x	14.1x
Semler Scientific	$595M	10.6x	n/a
Kaken Pharmaceutical	$590M	0.9x	4.4x
Orthofix Medical	$572M	0.7x	7.6x
Synmosa Biopharma	$561M	n/a	n/a
OrthoPediatrics	$548M	2.5x	45.2x
Axogen	$541M	2.7x	24.6x
Universal Vision	$540M	3.6x	8.0x
Polynovo	$531M	6.3x	65.5x
Coltene	$529M	1.7x	12.5x
Medios	$523M	0.2x	5.6x
CeriBell	$516M	6.8x	-11.5x
Stratec	$478M	1.5x	8.9x
Amplitude Surgical	$460M	n/a	n/a
Curiox Biosystems	$446M	123.0x	-54.4x
Ever Supreme Bio Technology	$441M	12.4x	25.4x
CellaVision	$441M	5.6x	17.6x
Synektik	$438M	2.2x	9.8x
Surmodics	$428M	3.6x	43.8x
ZimVie	$427M	1.0x	6.6x
Delcath Systems	$415M	6.3x	38.2x
Beta Bionics	$406M	5.4x	-7.8x
Pyridam Farma	$392M	n/a	n/a
NIOX Group	$377M	6.2x	18.9x
InMode	$372M	1.0x	3.2x
NeuroPace	$372M	4.3x	-26.5x
Treace Medical Concepts	$364M	1.7x	-69.4x
Medistim	$363M	6.0x	20.9x
AngioDynamics	$363M	1.3x	45.3x
Butterfly Network	$362M	4.0x	-9.3x
IBA Group	$358M	0.6x	8.3x
BICO Group	$353M	1.8x	21.6x
Senseonics Holdings	$336M	11.5x	n/a
Agfa-Gevaert	$334M	0.2x	7.0x
Knight Therapeutics	$332M	1.2x	8.2x
ClearPoint Neuro	$327M	9.4x	-28.4x
Imricor Medical Systems	$324M	127.5x	-21.0x
Asterasys	$315M	11.4x	32.5x
RxSight	$310M	2.0x	-11.5x
Eurobio Scientific	$310M	1.8x	9.0x
EBR Systems	$298M	467.0x	-6.9x
Cerus	$288M	1.4x	38.9x
TaiDoc	$287M	n/a	n/a
IVF hartmann	$286M	n/a	n/a
Accuray	$277M	0.6x	9.5x
Sanara MedTech	$275M	2.9x	n/a
Nano X Imaging	$274M	22.0x	n/a
VieMed	$269M	1.1x	5.1x
Laxmi Dental	$268M	9.0x	48.1x
Pheton Holdings	$255M	n/a	n/a
JETEMA Co.	$254M	5.2x	19.3x
Nextbiomedical	$253M	24.0x	-215.6x
Outset Medical	$253M	2.1x	-4.5x
Nyxoah	$235M	23.8x	-3.1x
Sisram Medical	$231M	0.6x	4.9x
TriSalus Life Sciences	$226M	6.1x	-10.3x
Alpha Tau Medical	$225M	n/a	-6.4x
Nanobiotix	$223M	34.5x	-4.3x
Panion & Bf Biotech	$219M	3.1x	n/a
Ilex Medical	$208M	n/a	n/a
Standard BioTools	$203M	1.2x	-2.8x
Vuno	$203M	8.3x	-56.3x
Sofwave Medical	$190M	n/a	n/a
Lucid Diagnostics	$188M	35.1x	-3.7x
Paxman	$183M	5.8x	31.3x
Tactile Medical	$182M	0.6x	5.3x
Cytek Biosciences	$181M	0.9x	11.3x
BrainsWay	$179M	n/a	n/a
Onward Medical	$175M	34.5x	-3.7x
SmartVest	$169M	2.7x	12.5x
Orthocell	$167M	29.0x	-49.2x
InfuSystem	$163M	1.2x	6.0x
Detection Technology	$159M	1.3x	8.1x
Quipt Home Medical	$159M	0.7x	2.8x
AVITA Medical	$158M	2.0x	-4.4x
OssDsign	$156M	9.4x	-38.8x
Onyx Healthcare	$154M	n/a	n/a
Pro-Dex	$151M	2.3x	11.4x
EKF Diagnostics	$149M	2.1x	9.2x
Zepp Health	$147M	0.7x	-3.9x
Sequana Medical	$146M	332.6x	-6.7x
Owlet	$146M	1.7x	-491.6x
Sight Sciences	$145M	1.9x	-3.6x
Ascom	$142M	0.4x	4.9x
Quantum-Si	$139M	30.7x	-1.5x
908 Devices	$136M	2.4x	-6.6x
LENSAR	$134M	2.2x	-53.0x
Xtant Medical	$132M	1.1x	30.1x
AOTI	$131M	1.9x	13.6x
Akoya Biosciences	$123M	1.5x	-4.3x
Aroa Biosurgery	$122M	2.3x	39.9x
Bactiguard	$118M	4.4x	44.7x
Nexstim	$118M	8.5x	49.9x
PhotoCure	$116M	2.2x	23.1x
Rapid Micro Biosystems	$115M	3.8x	-2.6x
C-Rad	$112M	2.2x	13.0x
Utah Medical	$101M	n/a	n/a
CVRx	$101M	1.9x	-2.2x
Sedana Medical	$99.1M	4.9x	-42.1x
Anteris Technologies Glb	$99.0M	32.8x	-1.3x
CROSSJECT	$99.0M	3.6x	34.9x
CytoSorbents	$95.5M	2.4x	n/a
Optomed	$94.8M	4.9x	-30.0x
Apyx Medical	$92.9M	1.9x	-8.8x
Wellgistics Health	$92.6M	n/a	n/a
Monogram Technologies	$90.6M	n/a	-5.1x
Anteris Technologies US	$89.9M	30.4x	-1.2x
Emvision	$89.7M	n/a	n/a
Inogen	$89.6M	0.3x	-17.2x
Elutia	$89.1M	3.4x	-7.2x
Darya-Varia Laboratoria	$89.0M	n/a	n/a
Biosynex	$87.8M	n/a	n/a
Svas Biosana	$87.4M	0.6x	4.5x
Meditera	$86.7M	1.4x	7.6x
Carmat	$85.3M	7.0x	-1.6x
Fonar	$79.5M	n/a	n/a
TELA Bio	$74.7M	1.0x	-2.5x
Affluent Medical	$73.2M	75.5x	-3.9x
Pulmonx	$72.5M	0.8x	-1.6x
BATM Advanced Communications	$71.4M	0.6x	7.6x
Creo Medical Group	$69.8M	10.1x	-2.7x
Orchestra BioMed	$69.5M	24.3x	-1.0x
Medicalgorithmics	$69.0M	8.5x	-24.7x
Klea	$65.8M	2.9x	13.4x
4DMedical	$65.7M	14.5x	-3.0x
Senzime	$64.9M	7.3x	-7.2x
Myomo	$64.5M	1.6x	-11.2x
Median Technologies	$61.5M	2.2x	-2.8x
Eyenovia	$60.2M	n/a	n/a
Sensus Healthcare	$59.5M	1.4x	8.7x
Harvard Bioscience	$59.4M	0.7x	14.7x
Sera Prognostics	$58.9M	276.4x	n/a
Bioretec	$58.7M	8.8x	-11.7x
Cyclopharm	$58.0M	2.9x	-8.7x
FluoGuide	$56.7M	n/a	-5.8x
Optiscan Imaging	$55.3M	n/a	n/a
Boule Diagnostics	$54.8M	1.0x	-3.9x
Icecure Medical	$52.6M	11.4x	n/a
Painchek	$52.3M	n/a	n/a
Anatolia Geneworks	$52.0M	n/a	n/a
Q-linea	$50.3M	19.1x	-2.8x
Envoy Medical	$49.4M	219.6x	n/a
Daxor	$49.3M	n/a	n/a
Modulight	$48.6M	7.1x	-10.7x
Vivos	$47.6M	n/a	n/a
Perspective Therapeutics	$47.5M	41.0x	-0.5x
InspireMD	$46.4M	6.5x	-1.4x
Diagnostic Medical	$45.7M	0.8x	10.6x
Edap TMS	$45.6M	0.7x	-2.0x
Nortech Systems	$45.3M	n/a	n/a
Mauna Kea Technologies	$44.5M	4.3x	-9.4x
Ortoma	$43.9M	n/a	n/a
Biohit	$42.0M	2.5x	12.6x
BrainCool	$41.3M	7.1x	-14.2x
Integrum	$40.9M	3.9x	-15.4x
Susmed	$39.5M	n/a	n/a
Mentice	$39.0M	1.3x	30.4x
Acarix	$37.8M	44.4x	-6.1x
SMAIO	$36.9M	4.0x	-33.0x
electroCore	$36.0M	1.3x	n/a
Impedimed	$35.5M	3.5x	-4.4x
HeartBeam	$33.8M	11.1x	n/a
NeuroOne Medical	$32.7M	4.4x	n/a
Promimic	$32.1M	n/a	n/a
Renalytix	$31.5M	n/a	n/a
enVVeno Medical	$31.3M	n/a	n/a
aap Implantate	$31.2M	n/a	n/a
Allurion	$30.7M	1.0x	-0.9x
Modular Medical	$28.1M	n/a	n/a
Quanterix	$27.9M	0.2x	-0.6x
Scandinavian Medical	$27.9M	n/a	n/a
Finemedix	$26.1M	n/a	n/a
Genomtec	$24.7M	n/a	n/a
WORK Medical Tech Gr	$23.9M	n/a	n/a
Hyperfine	$22.9M	1.7x	-0.6x
Vicarious Surgical	$20.6M	n/a	-0.4x
AnteoTech	$19.6M	n/a	n/a
Implanet	$19.5M	n/a	n/a
Cambridge Cognition	$19.2M	1.2x	31.0x
IMD International Medical	$18.9M	0.4x	4.2x
BibbInstruments	$16.9M	n/a	n/a
Medclair	$16.8M	n/a	n/a
Inspira Technologies	$16.5M	331.9x	-1.8x
Neola Medical	$16.3M	n/a	-13.6x
Medinice	$15.2M	n/a	n/a
Theraclion	$14.5M	n/a	n/a
Advanced Medical	$14.3M	n/a	n/a
Geratherm Medical	$13.7M	0.8x	4.7x
BioRegenx	$13.6M	n/a	n/a
AMA Corp	$13.1M	4.5x	n/a
Iridex	$12.9M	0.3x	n/a
SensoDetect	$12.7M	n/a	n/a
SciBase Holding	$12.7M	3.5x	-1.8x
Arcoma	$12.3M	0.7x	5.3x
Bluelinea	$11.9M	n/a	n/a
Biofrontera	$11.2M	n/a	n/a
Bionano Genomics	$11.2M	0.4x	-0.2x
Sds Optic	$10.9M	n/a	n/a
Inventionmed	$10.5M	n/a	n/a
Observe Medical	$10.4M	n/a	n/a
Adiuvo Investments	$10.3M	n/a	n/a
Phase Holographic	$10.1M	n/a	n/a
Spineguard	$9.7M	1.6x	-3.1x
Bio-Gate	$9.5M	1.1x	-8.3x
ViroGates	$8.6M	n/a	n/a
Redsense Medical	$7.9M	2.4x	n/a
BBS-Bioactive Bone	$7.3M	n/a	n/a
ScandiDos	$7.3M	n/a	n/a
Luxbright	$6.8M	7.2x	-4.2x
Labo Euromed	$6.2M	0.1x	3.2x
Lifecare	$6.0M	11.2x	-0.8x
Milton Essex	$5.8M	n/a	n/a
VibroSense Dynamics	$5.7M	n/a	n/a
Qlife Holding	$5.6M	n/a	n/a
SpectraCure	$5.4M	n/a	n/a
Clinical Laserthermia	$5.3M	n/a	n/a
Magnasense	$5.3M	n/a	n/a
CM International	$5.2M	n/a	n/a
Nestmedic	$4.8M	n/a	n/a
Carbiotix	$4.7M	n/a	n/a
Zenicor Medical Systems	$4.5M	n/a	n/a
Polyrizon	$4.4M	n/a	n/a
Massmedica	$4.3M	n/a	n/a
Predict	$3.6M	0.4x	3.4x
Episurf Medical	$3.5M	n/a	n/a
Pulsenmore	$3.0M	n/a	n/a
Iconovo	$2.9M	1.7x	-1.2x
PolarCool	$2.8M	12.4x	-3.8x
Grupa Modne Zakupy	$2.4M	n/a	n/a
Lifeward	$2.4M	0.1x	n/a
Invent Medic Sweden	$1.8M	n/a	n/a
Perpetua Medical	$1.6M	n/a	n/a
Scandinavian Real Heart	$1.5M	n/a	n/a
Inhalation Sciences SWE	$1.5M	n/a	n/a
EvokAI Creative Labs	$1.5M	n/a	n/a
Monivent	$1.4M	n/a	n/a
Lucyd	$1.3M	0.3x	-0.2x
PExA	$0.9M	n/a	n/a
Spineway	$0.9M	0.1x	-0.9x
Chordate Medical Holding	$0.7M	n/a	n/a
Altamira Therapeutics	-$0.3M	n/a	n/a
Epigenomics	-$3.1M	n/a	n/a
NanoRepro	-$6.2M	n/a	n/a
OraSure	-$8.6M	-0.1x	0.5x
Co-Diagnostics	-$10.1M	-4.6x	n/a
Zomedica	-$21.3M	-0.8x	n/a