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	$461B	5.0x	13.7x
Samsung	$295B	1.3x	5.4x
Siemens	$246B	2.7x	15.1x
Abbott Laboratories	$239B	5.4x	20.7x
Thermo Fisher Scientific	$210B	4.8x	19.2x
Boston Scientific	$164B	8.6x	28.2x
Stryker	$161B	6.6x	23.4x
Intuitive Surgical	$156B	16.6x	40.1x
Danaher	$150B	6.2x	19.6x
Medtronic	$141B	4.1x	14.3x
Siemens Healthineers	$60.7B	2.2x	10.8x
IDEXX Laboratories	$52.4B	12.7x	36.8x
Alcon	$42.7B	4.0x	15.6x
Edwards Lifesciences	$42.2B	7.2x	23.8x
GE HealthCare	$41.9B	2.1x	11.4x
ResMed	$39.2B	7.5x	20.0x
Mindray	$38.6B	7.5x	20.4x
Agilent	$36.8B	5.4x	18.8x
Philips	$34.8B	1.7x	10.5x
DexCom	$29.5B	6.6x	22.7x
Mettler Toledo	$28.1B	7.1x	22.6x
Zimmer Biomet	$27.4B	3.4x	10.2x
Steris	$26.4B	4.7x	16.0x
Fresenius Medical Care	$25.6B	1.1x	6.2x
Coloplast	$25.4B	5.8x	18.3x
Insulet	$24.3B	9.9x	42.3x
Bausch Health	$22.7B	2.3x	6.6x
Sartorius Stedim Biotech	$21.9B	6.4x	21.7x
Baxter International	$20.4B	1.8x	8.7x
Solventum	$20.0B	2.4x	9.8x
Smith & Nephew	$19.5B	3.2x	12.4x
Sonova	$19.1B	3.9x	15.3x
Waters	$18.8B	6.1x	16.9x
Sartorius	$18.7B	4.6x	15.8x
Halma	$17.7B	5.7x	23.5x
United Imaging	$16.3B	9.8x	56.9x
Cooper Companies	$15.6B	3.8x	12.7x
Hologic	$15.0B	3.7x	11.2x
Fosun Pharma	$14.3B	2.4x	14.8x
Olympus	$14.0B	2.1x	9.6x
Medpace	$13.9B	5.9x	27.1x
Fisher & Paykel	$13.1B	10.4x	32.4x
Cochlear	$12.8B	8.1x	31.1x
Shionogi	$11.7B	3.7x	9.3x
Demant	$10.6B	3.0x	12.0x
Penumbra	$10.4B	7.9x	45.4x
Bausch & Lomb	$10.1B	2.0x	11.5x
Caris Life Sciences	$9.3B	n/a	n/a
Align Technology	$8.8B	2.2x	8.5x
Masimo	$8.5B	5.0x	18.3x
Salubris Pharmaceuticals	$8.4B	13.8x	51.2x
Sysmex	$7.9B	2.3x	9.1x
Globus Medical	$7.8B	2.8x	10.0x
ConvaTec Group	$7.7B	3.2x	12.1x
Bio-Rad Laboratories	$7.5B	2.9x	16.1x
Teleflex	$7.5B	2.3x	8.2x
Snibe	$7.3B	11.0x	23.7x
Ypsomed	$7.3B	8.0x	24.1x
Getinge	$7.1B	1.9x	10.1x
Abbott India	$7.1B	9.4x	34.8x
Bruker	$7.0B	2.1x	12.6x
Sectra	$6.5B	18.3x	75.7x
Shimadzu	$6.3B	1.7x	10.2x
iRhythm Technologies	$6.0B	8.7x	151.3x
Mirion Technologies	$5.8B	6.4x	26.5x
Amplifon	$5.8B	2.0x	8.8x
APT Medical	$5.8B	16.5x	40.4x
Humanwell Healthcare	$5.6B	1.6x	9.9x
Merit Medical Systems	$5.5B	3.8x	16.3x
Lepu Medical Technology	$5.2B	5.6x	21.9x
Integer Holdings	$4.8B	2.7x	12.4x
Asahi Intecc	$4.6B	5.6x	16.9x
QuidelOrtho	$4.6B	1.7x	7.9x
Glaukos	$4.6B	10.1x	-167.9x
Novanta	$4.5B	4.7x	20.6x
PharmaResearch	$4.5B	12.7x	29.7x
Jiangsu Yuyue Medical	$4.5B	3.9x	15.5x
Carl Zeiss Meditec	$4.5B	1.7x	10.4x
Grand Pharmaceutical	$4.4B	2.8x	10.6x
ICU Medical	$4.3B	1.9x	11.3x
GN Store Nord	$4.3B	1.6x	10.3x
MicroPort Scientific	$4.1B	3.7x	75.4x
TransMedics	$4.0B	7.3x	33.5x
Envista Holdings	$4.0B	1.5x	11.6x
Ambu	$4.0B	4.2x	22.2x
MGI Tech	$3.8B	8.6x	138.4x
Medacta Group	$3.8B	4.9x	17.9x
Haemonetics	$3.4B	2.6x	8.2x
Enovis	$3.2B	1.5x	8.3x
Canon Marketing Japan	$3.2B	0.7x	6.9x
Autobio Diagnostics	$3.2B	5.1x	12.7x
AdaptHealth	$3.1B	1.0x	4.7x
Double Medical Technology	$3.1B	9.1x	36.7x
Hamamatsu Photonics	$3.0B	2.1x	10.2x
LivaNova	$3.0B	2.2x	10.0x
AddLife	$2.9B	2.6x	17.1x
Integra Lifesciences	$2.9B	1.8x	9.2x
Topcon	$2.9B	2.0x	18.2x
Renishaw	$2.9B	3.0x	14.7x
Horiba	$2.9B	1.3x	6.5x
Alphatec Holdings	$2.7B	3.8x	39.9x
Jafron Biomedical	$2.6B	6.8x	15.7x
Elekta	$2.5B	1.3x	6.8x
Conmed	$2.5B	1.8x	8.9x
Embla Medical	$2.4B	2.6x	13.1x
Qingdao Baheal Medical	$2.4B	2.1x	16.4x
Tecan Group	$2.4B	2.1x	12.7x
PHC Holdings	$2.3B	0.9x	7.0x
Beijing Balance Medical	$2.1B	n/a	n/a
Artivion	$2.1B	5.0x	25.7x
BoneSupport	$2.1B	17.8x	84.8x
Inspire Medical Systems	$2.1B	2.4x	13.5x
Vitrolife	$2.1B	5.5x	17.3x
SonoScape	$2.0B	6.5x	44.5x
LeMaitre Vascular	$2.0B	8.1x	28.2x
Anbio Biotechnology	$1.9B	n/a	n/a
Mehow Innovative	$1.9B	7.6x	26.4x
PROCEPT BioRobotics	$1.8B	6.2x	-45.5x
Oxford Nanopore Techs	$1.8B	6.5x	-13.7x
Nihon Kohden	$1.8B	1.2x	10.2x
Nolato	$1.8B	1.8x	10.7x
Andon Health	$1.7B	4.8x	16.6x
UFP Technologies	$1.7B	3.0x	14.5x
AtriCure	$1.7B	3.3x	38.0x
Weigao Group	$1.7B	7.5x	29.0x
Rigaku	$1.7B	2.7x	10.8x
Sinocare	$1.6B	2.4x	16.7x
Draegerwerk	$1.6B	0.4x	4.2x
ChemoMetec	$1.6B	20.2x	39.7x
MicroPort	$1.6B	7.7x	14.8x
SKAN Group	$1.6B	3.1x	20.5x
Jeol	$1.5B	1.1x	5.9x
Dynavox Group	$1.4B	5.7x	27.3x
Medartis	$1.4B	4.4x	26.8x
Pacira BioSciences	$1.4B	1.9x	6.7x
Wandong Medical	$1.4B	5.4x	61.0x
MicroPort EP	$1.3B	19.8x	110.5x
Haohai Biological	$1.3B	3.1x	15.3x
Haier Biomedical	$1.3B	4.0x	19.6x
Establishment Labs	$1.3B	6.4x	-54.9x
Staar Surgical	$1.2B	4.5x	-144.0x
Barco	$1.2B	1.0x	7.9x
SPIMACO - ADDWAEIH	$1.2B	2.5x	14.7x
NovoCure	$1.1B	1.8x	-80.9x
SS Innovations	$1.1B	n/a	n/a
Kuros Biosciences	$1.1B	7.8x	88.4x
Shinva	$1.1B	0.8x	7.9x
MedCap	$994M	4.7x	22.7x
Nakanishi	$974M	1.8x	7.1x
Tandem Diabetes Care	$963M	1.0x	-29.7x
Cofoe Medical	$942M	2.0x	11.2x
El.En. Group	$938M	1.4x	8.5x
MiMedx Group	$926M	2.5x	11.2x
Fukuda Denshi	$917M	1.0x	3.6x
Beta Bionics	$905M	10.9x	-15.9x
Pulse Biosciences	$879M	n/a	n/a
Zepp Health	$864M	3.9x	-29.8x
iRadimed	$854M	10.8x	n/a
Axogen	$793M	3.8x	31.5x
Bioventus	$792M	1.4x	7.2x
Medmix	$779M	1.3x	7.4x
SD Biosensor	$770M	1.5x	12.2x
Mani Inc.	$738M	3.7x	10.6x
Revenio Group	$736M	5.8x	19.3x
Pacific Biosciences	$736M	4.7x	-4.3x
Orthofix Medical	$728M	0.9x	9.3x
Varex Imaging	$707M	0.8x	6.4x
Japan Lifeline	$704M	1.8x	7.1x
Advanced Medical Solutions Group	$698M	2.4x	10.9x
ZimVie	$697M	1.5x	10.6x
Sunmax Biotechnology	$697M	n/a	n/a
Nanosonics	$673M	5.1x	39.3x
Kaken Pharmaceutical	$657M	1.1x	5.9x
Guerbet	$651M	0.6x	4.5x
Polynovo	$641M	7.2x	77.5x
MedicalSystem Technology	$630M	9.7x	-27.9x
Pyridam Farma	$627M	n/a	n/a
Avanos Medical	$614M	0.9x	6.1x
Curiox Biosystems	$583M	158.9x	-71.2x
Lumibird	$583M	2.2x	12.7x
Medios	$583M	0.3x	5.8x
Synmosa Biopharma	$575M	n/a	n/a
Xvivo Perfusion	$572M	6.5x	32.2x
SI-BONE	$569M	3.0x	459.1x
4DMedical	$563M	113.2x	-28.8x
Synektik	$547M	2.6x	10.9x
OrthoPediatrics	$520M	2.3x	38.3x
Mesa Laboratories	$516M	2.1x	9.1x
Semler Scientific	$515M	12.9x	n/a
Stratec	$488M	1.6x	9.3x
Nanobiotix	$479M	29.6x	-7.5x
Amplitude Surgical	$466M	n/a	n/a
Treace Medical Concepts	$457M	2.1x	-193.4x
Surmodics	$457M	3.9x	42.3x
Ever Supreme Bio Technology	$456M	14.1x	28.1x
Universal Vision	$451M	3.2x	7.3x
CellaVision	$448M	5.5x	17.5x
Knight Therapeutics	$448M	1.5x	11.1x
Medistim	$437M	6.9x	23.4x
IBA Group	$436M	0.7x	9.6x
Nextbiomedical	$434M	37.9x	-247.7x
InMode	$433M	1.2x	4.2x
Surgical Science	$428M	4.0x	18.7x
Coltene	$402M	1.3x	9.5x
AngioDynamics	$393M	1.3x	56.5x
NIOX Group	$385M	6.3x	18.8x
Sisram Medical	$345M	0.9x	7.0x
SANUWAVE Health	$336M	n/a	n/a
NeuroPace	$336M	3.7x	-22.5x
Sanara MedTech	$331M	3.3x	n/a
Agfa-Gevaert	$316M	0.2x	4.5x
NN	$312M	0.7x	6.1x
Eurobio Scientific	$310M	n/a	n/a
EBR Systems	$300M	516.7x	-6.9x
Delcath Systems	$299M	3.9x	18.8x
Asterasys	$299M	10.5x	28.8x
IVF hartmann	$296M	n/a	n/a
Accuray	$296M	0.6x	10.1x
ClearPoint Neuro	$292M	8.2x	-23.2x
Senseonics Holdings	$290M	9.0x	n/a
Standard BioTools	$284M	2.5x	-4.5x
Imricor Medical Systems	$278M	290.4x	-15.5x
Neuronetics	$276M	2.2x	-14.4x
Sofwave Medical	$273M	n/a	n/a
Butterfly Network	$269M	3.0x	-6.2x
CeriBell	$268M	3.3x	-5.4x
BICO Group	$267M	1.5x	60.7x
Cytek Biosciences	$263M	1.3x	35.2x
Alpha Tau Medical	$258M	n/a	-6.7x
Cerus	$257M	1.2x	35.7x
VieMed	$250M	1.0x	4.3x
Tactile Medical	$247M	0.8x	7.1x
TaiDoc	$246M	n/a	n/a
Onward Medical	$238M	39.6x	-5.1x
InfuSystem	$234M	1.7x	8.3x
JETEMA Co.	$229M	5.0x	17.8x
TriSalus Life Sciences	$228M	5.6x	-10.7x
BrainsWay	$224M	n/a	n/a
Monogram Technologies	$221M	n/a	-15.3x
Vuno	$220M	11.8x	-28.0x
Nano X Imaging	$206M	16.2x	n/a
Panion & Bf Biotech	$203M	3.1x	n/a
Quipt Home Medical	$197M	0.8x	3.6x
CapsoVision	$194M	n/a	n/a
Nyxoah	$185M	19.4x	-2.4x
SmartVest	$184M	2.8x	13.1x
Deltex Medical Group	$183M	n/a	n/a
Laxmi Dental	$180M	5.9x	30.9x
Anteris Technologies US	$175M	55.7x	-2.2x
Paxman	$174M	5.2x	35.0x
SDI Group	$171M	1.8x	9.8x
RxSight	$165M	1.3x	-4.1x
Onyx Healthcare	$165M	n/a	n/a
Orthocell	$162M	24.3x	-40.5x
Outset Medical	$161M	1.3x	-3.2x
CVRx	$161M	2.9x	-3.6x
EKF Diagnostics	$160M	2.3x	9.9x
Median Technologies	$160M	5.6x	-8.0x
Ascom	$158M	0.4x	5.0x
OssDsign	$156M	8.5x	-39.7x
Lucid Diagnostics	$156M	33.2x	-3.1x
Anteris Technologies Glb	$153M	48.0x	-1.9x
AVITA Medical	$152M	2.1x	-4.2x
Ilex Medical	$152M	n/a	n/a
Wellgistics Health	$151M	n/a	n/a
Aroa Biosurgery	$149M	2.7x	44.4x
PhotoCure	$134M	2.4x	23.1x
Detection Technology	$133M	1.1x	8.2x
LENSAR	$131M	2.4x	-28.8x
Inogen	$128M	0.4x	-66.9x
Owlet	$127M	1.4x	-1901.9x
Emvision	$125M	34.2x	-22.7x
Sedana Medical	$125M	5.8x	-64.5x
Orchestra BioMed	$121M	38.6x	-1.6x
Sight Sciences	$120M	1.6x	-3.1x
Sequana Medical	$118M	188.4x	-5.3x
Utah Medical	$118M	n/a	n/a
Pro-Dex	$117M	1.8x	n/a
Medicalgorithmics	$117M	17.6x	-33.3x
Bactiguard	$113M	4.5x	44.2x
Xtant Medical	$112M	0.9x	10.1x
CROSSJECT	$110M	4.7x	-195.9x
Nexstim	$109M	6.9x	24.8x
Baird Medical Investment	$109M	n/a	n/a
Rapid Micro Biosystems	$108M	3.5x	-2.5x
Trinity Biotech	$100M	1.6x	n/a
Zynex	$99.8M	0.8x	-11.6x
C-Rad	$97.0M	1.9x	11.6x
Senzime	$96.5M	9.4x	-11.5x
Integrum	$95.5M	8.4x	-42.5x
Profound Medical	$89.9M	5.9x	-2.3x
Apyx Medical	$89.2M	1.8x	-10.3x
Svas Biosana	$89.2M	0.6x	4.3x
Biosynex	$88.2M	n/a	n/a
908 Devices	$87.9M	1.6x	-5.1x
Hyperfine	$86.4M	6.2x	-2.4x
Klea	$84.5M	4.2x	21.9x
Affluent Medical	$84.5M	84.9x	-4.2x
Fonar	$84.2M	n/a	n/a
InspireMD	$83.3M	11.5x	-2.1x
Edap TMS	$83.1M	1.2x	-3.4x
AOTI	$82.1M	1.3x	10.7x
Optomed	$81.7M	4.2x	-26.3x
Darya-Varia Laboratoria	$80.7M	n/a	n/a
Sera Prognostics	$78.2M	371.2x	n/a
Ortoma	$78.1M	n/a	n/a
CytoSorbents	$75.8M	2.0x	n/a
BATM Advanced Communications	$75.0M	0.6x	8.5x
Elutia	$74.0M	2.7x	-5.6x
Carmat	$72.3M	5.2x	-1.3x
Meditera	$71.6M	1.1x	8.1x
Perspective Therapeutics	$70.4M	60.8x	-0.8x
TELA Bio	$69.5M	0.9x	-2.2x
Susmed	$68.5M	17.8x	n/a
Painchek	$67.1M	n/a	n/a
Icecure Medical	$64.6M	19.4x	n/a
Creo Medical Group	$63.8M	8.7x	-2.7x
WORK Medical Tech Gr	$62.7M	n/a	n/a
Cyclopharm	$61.5M	3.4x	-7.8x
Anatolia Geneworks	$60.8M	n/a	n/a
Daxor	$58.4M	n/a	n/a
Modulight	$57.9M	7.2x	-20.2x
Diagnostic Medical	$57.5M	0.9x	12.2x
FluoGuide	$55.9M	n/a	-7.1x
Harvard Bioscience	$55.5M	0.6x	10.6x
Pulsenmore	$52.4M	n/a	n/a
Envoy Medical	$51.3M	214.9x	n/a
Spectral AI	$51.0M	2.1x	-8.5x
Implanet	$48.6M	n/a	n/a
Nortech Systems	$47.4M	n/a	n/a
Biohit	$46.3M	2.6x	14.0x
Impedimed	$45.7M	4.9x	-4.2x
Mauna Kea Technologies	$45.4M	5.1x	n/a
Optiscan Imaging	$44.5M	n/a	n/a
Boule Diagnostics	$44.1M	0.8x	-6.0x
HeartBeam	$43.7M	20.1x	n/a
SMAIO	$43.1M	4.0x	-51.6x
Pulmonx	$41.9M	0.5x	-1.0x
AnteoTech	$40.9M	54.5x	-13.1x
Bioretec	$39.9M	6.7x	-5.7x
Vivos	$39.5M	n/a	n/a
NeuroOne Medical	$36.7M	4.4x	n/a
Acarix	$36.2M	43.8x	-6.4x
Quantum-Si	$35.9M	12.2x	-0.4x
Theraclion	$35.2M	n/a	n/a
Modular Medical	$34.6M	n/a	n/a
Allurion	$34.6M	1.6x	-1.1x
Mentice	$33.8M	1.2x	-261.6x
Zomedica	$33.6M	1.2x	n/a
electroCore	$33.0M	1.1x	n/a
Inspira Technologies	$32.2M	30.6x	-3.7x
Promimic	$31.4M	n/a	n/a
Finemedix	$30.7M	n/a	n/a
Sensus Healthcare	$30.7M	0.9x	-260.0x
Myomo	$28.8M	0.8x	-2.6x
SensoDetect	$28.6M	n/a	n/a
Medclair	$27.6M	n/a	n/a
Iridex	$26.7M	0.5x	n/a
Scandinavian Medical	$26.2M	n/a	n/a
aap Implantate	$25.5M	n/a	n/a
Medinice	$25.2M	n/a	n/a
Renalytix	$24.7M	n/a	n/a
Profusa	$24.5M	n/a	n/a
BrainCool	$24.0M	4.7x	-7.7x
Vicarious Surgical	$23.9M	n/a	-0.6x
Q-linea	$23.8M	37.3x	-1.1x
Clinical Laserthermia	$23.3M	6.9x	-9.3x
Genomtec	$23.2M	n/a	n/a
Cambridge Cognition	$23.2M	1.8x	-57.2x
OraSure	$21.6M	0.2x	-0.7x
Bionano Genomics	$21.3M	0.7x	-0.5x
IMD International Medical	$19.3M	0.4x	4.4x
Advanced Medical	$17.0M	n/a	n/a
Observe Medical	$16.6M	n/a	n/a
SciBase Holding	$16.2M	4.3x	-2.1x
Sds Optic	$16.2M	n/a	n/a
Neola Medical	$15.8M	n/a	-11.4x
BibbInstruments	$15.3M	n/a	n/a
Biofrontera	$15.2M	n/a	n/a
Bluelinea	$15.0M	n/a	n/a
NanoRepro	$14.9M	1.1x	-4.9x
AMA Corp	$14.5M	5.0x	n/a
Lifecare	$14.4M	40.9x	-2.0x
BioRegenx	$12.8M	n/a	n/a
Arcoma	$12.7M	0.8x	6.0x
Geratherm Medical	$11.3M	0.6x	4.5x
ViroGates	$11.3M	n/a	n/a
Phase Holographic	$10.1M	n/a	n/a
Inventionmed	$9.7M	n/a	n/a
Adiuvo Investments	$9.6M	n/a	n/a
Iconovo	$9.1M	4.3x	-6.7x
Nestmedic	$9.0M	n/a	n/a
Bio-Gate	$9.0M	1.1x	-5.7x
Spineguard	$8.2M	1.5x	-6.9x
Polyrizon	$7.8M	n/a	n/a
BBS-Bioactive Bone	$7.3M	n/a	n/a
Redsense Medical	$7.1M	2.1x	n/a
Luxbright	$6.9M	5.2x	-4.0x
Scandinavian Real Heart	$6.7M	n/a	n/a
ScandiDos	$6.7M	n/a	n/a
Pheton Holdings	$6.2M	n/a	n/a
CM International	$6.0M	n/a	n/a
Labo Euromed	$5.6M	0.1x	2.9x
Predict	$5.6M	0.6x	5.1x
VibroSense Dynamics	$5.6M	11.8x	n/a
Magnasense	$5.5M	n/a	n/a
Qlife Holding	$5.4M	n/a	n/a
Zenicor Medical Systems	$4.8M	n/a	n/a
Massmedica	$4.6M	n/a	n/a
Lifeward	$4.4M	0.2x	n/a
Milton Essex	$4.0M	n/a	n/a
SpectraCure	$3.3M	n/a	n/a
PolarCool	$3.0M	13.5x	-4.1x
Episurf Medical	$2.9M	2.0x	-0.5x
Carbiotix	$2.8M	n/a	n/a
Grupa Modne Zakupy	$2.7M	n/a	n/a
PExA	$2.6M	n/a	n/a
Spineway	$2.3M	0.1x	36.8x
Invent Medic Sweden	$2.2M	n/a	n/a
Perpetua Medical	$2.2M	n/a	n/a
Monivent	$1.7M	n/a	n/a
Inhalation Sciences SWE	$1.7M	n/a	n/a
Co-Diagnostics	$1.5M	1.0x	n/a
EvokAI Creative Labs	$1.5M	n/a	n/a
Altamira Therapeutics	$1.3M	n/a	n/a
Epigenomics	$0.9M	n/a	n/a
Chordate Medical Holding	$0.4M	n/a	n/a
Lucyd	-$0.2M	-0.1x	0.0x
Nuwellis	-$0.2M	-0.0x	n/a
Quanterix	-$2.1M	-0.0x	0.0x
enVVeno Medical	-$19.2M	n/a	n/a