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	$378B	4.2x	11.9x
Abbott Laboratories	$227B	5.3x	20.6x
Thermo Fisher Scientific	$191B	4.4x	17.4x
Samsung	$185B	0.9x	3.6x
Siemens	$178B	2.1x	11.9x
Intuitive Surgical	$173B	19.8x	47.5x
Danaher	$150B	6.3x	19.8x
Boston Scientific	$149B	8.6x	28.7x
Stryker	$143B	6.2x	22.2x
Medtronic	$125B	3.7x	13.0x
Siemens Healthineers	$50.0B	2.0x	9.9x
Alcon	$43.6B	4.3x	16.5x
Edwards Lifesciences	$37.4B	6.7x	21.5x
GE HealthCare	$35.3B	1.8x	9.5x
Mindray	$33.5B	6.3x	16.5x
IDEXX Laboratories	$32.4B	8.2x	24.5x
ResMed	$31.7B	6.3x	17.6x
Agilent	$31.2B	4.7x	16.1x
Zimmer Biomet	$26.1B	3.4x	9.8x
Coloplast	$26.0B	6.4x	20.0x
Baxter International	$26.0B	2.4x	11.6x
DexCom	$25.9B	6.2x	21.8x
Philips	$25.7B	1.3x	8.5x
Steris	$23.9B	4.4x	15.4x
Mettler Toledo	$23.7B	6.1x	18.7x
Fresenius Medical Care	$23.3B	1.1x	6.2x
Bausch Health	$21.7B	2.2x	6.5x
Waters	$20.7B	7.0x	19.2x
Sartorius Stedim Biotech	$19.3B	6.3x	22.3x
Solventum	$18.7B	2.3x	9.1x
Insulet	$18.3B	8.4x	37.8x
Cooper Companies	$17.9B	4.5x	14.8x
Sartorius	$16.5B	4.4x	15.7x
Sonova	$15.6B	3.6x	14.2x
United Imaging	$13.8B	8.8x	54.1x
Smith & Nephew	$13.7B	2.3x	9.2x
Hologic	$13.5B	3.3x	10.2x
Olympus	$13.5B	2.0x	9.1x
Halma	$13.1B	4.6x	19.3x
Align Technology	$11.1B	2.8x	10.8x
Sysmex	$10.9B	3.2x	12.3x
Fosun Pharma	$10.7B	1.9x	10.5x
Penumbra	$10.4B	8.3x	56.2x
Cochlear	$10.2B	6.8x	26.1x
Globus Medical	$9.6B	3.8x	12.4x
Masimo	$9.0B	4.7x	19.1x
Demant	$8.9B	2.7x	10.4x
Medpace	$8.5B	4.0x	17.7x
Shionogi	$8.4B	2.8x	6.8x
Bausch & Lomb	$8.3B	1.7x	9.4x
Bruker	$7.9B	2.3x	12.7x
ConvaTec Group	$7.6B	3.3x	12.8x
Teleflex	$7.3B	2.4x	8.0x
Abbott India	$7.1B	9.4x	36.3x
Bio-Rad Laboratories	$6.6B	2.6x	13.8x
Shimadzu	$6.0B	1.7x	9.7x
Getinge	$5.9B	1.7x	8.7x
Merit Medical Systems	$5.9B	4.2x	18.0x
Amplifon	$5.8B	2.2x	9.3x
APT Medical	$5.6B	17.6x	45.1x
Snibe	$5.4B	8.0x	16.5x
Humanwell Healthcare	$5.3B	n/a	n/a
Carl Zeiss Meditec	$5.2B	2.3x	13.1x
Ypsomed	$5.1B	6.6x	20.3x
Integer Holdings	$5.1B	2.9x	13.7x
Salubris Pharmaceuticals	$4.9B	8.5x	31.5x
Glaukos	$4.9B	11.9x	-138.1x
ICU Medical	$4.8B	2.1x	12.8x
Sectra	$4.7B	14.8x	60.1x
Ambu	$4.5B	5.4x	27.5x
Novanta	$4.4B	4.6x	20.4x
QuidelOrtho	$4.4B	1.6x	7.9x
MGI Tech	$4.3B	9.2x	-240.4x
Inspire Medical Systems	$4.0B	4.7x	24.0x
Haemonetics	$3.9B	2.9x	9.3x
Jiangsu Yuyue Medical	$3.9B	3.3x	11.5x
Mirion Technologies	$3.7B	4.3x	17.8x
Asahi Intecc	$3.7B	4.7x	15.4x
iRhythm Technologies	$3.4B	5.5x	380.9x
GN Store Nord	$3.4B	1.3x	8.2x
Autobio Diagnostics	$3.3B	4.7x	n/a
AdaptHealth	$3.2B	1.0x	4.6x
Enovis	$3.2B	1.5x	8.2x
Envista Holdings	$3.1B	1.3x	10.1x
Lepu Medical Technology	$3.1B	3.5x	15.9x
Integra Lifesciences	$3.0B	1.9x	9.3x
TransMedics	$2.9B	6.2x	34.4x
Grand Pharmaceutical	$2.8B	1.9x	7.3x
Medacta Group	$2.8B	4.3x	15.8x
Canon Marketing Japan	$2.7B	0.6x	6.2x
Topcon	$2.7B	1.9x	20.1x
PROCEPT BioRobotics	$2.6B	10.3x	-47.5x
Jafron Biomedical	$2.5B	n/a	n/a
Conmed	$2.5B	1.9x	9.3x
MicroPort Scientific	$2.4B	2.2x	1668.5x
Elekta	$2.3B	1.3x	7.1x
PharmaResearch	$2.3B	8.9x	22.1x
PHC Holdings	$2.3B	0.9x	6.6x
AddLife	$2.2B	2.1x	14.3x
Vitrolife	$2.1B	5.9x	17.2x
LivaNova	$2.1B	1.7x	7.6x
Hamamatsu Photonics	$2.1B	1.5x	6.5x
Beijing Balance Medical	$2.0B	n/a	n/a
Embla Medical	$2.0B	2.3x	11.7x
Tecan Group	$2.0B	1.9x	10.7x
Horiba	$2.0B	0.9x	4.7x
BoneSupport	$1.9B	18.8x	88.2x
Alphatec Holdings	$1.9B	2.9x	43.4x
Nihon Kohden	$1.9B	1.2x	11.2x
Double Medical Technology	$1.8B	n/a	n/a
UFP Technologies	$1.8B	3.4x	16.2x
Renishaw	$1.8B	1.9x	9.1x
LeMaitre Vascular	$1.8B	7.8x	24.2x
Sinocare	$1.6B	2.6x	18.0x
SonoScape	$1.6B	5.6x	52.0x
AtriCure	$1.5B	3.2x	44.8x
NovoCure	$1.5B	2.5x	-314.3x
Qingdao Baheal Medical	$1.5B	1.3x	8.5x
SKAN Group	$1.5B	3.5x	22.0x
Andon Health	$1.3B	3.3x	5.0x
Jeol	$1.3B	1.0x	4.9x
Artivion	$1.3B	3.3x	17.4x
Rigaku	$1.3B	2.1x	8.2x
Pacira BioSciences	$1.3B	1.8x	5.9x
Weigao Group	$1.3B	6.1x	25.2x
Haohai Biological	$1.3B	3.3x	14.3x
MicroPort	$1.2B	7.0x	13.3x
Haier Biomedical	$1.2B	3.6x	16.9x
Draegerwerk	$1.2B	0.3x	3.3x
Wandong Medical	$1.2B	5.2x	n/a
Tandem Diabetes Care	$1.2B	1.3x	902.7x
Mehow Innovative	$1.2B	4.8x	n/a
Paragon 28	$1.2B	4.4x	-204.9x
MicroPort EP	$1.1B	18.2x	104.2x
SPIMACO	$1.1B	2.4x	16.0x
Medartis	$1.1B	4.1x	23.7x
ChemoMetec	$1.1B	15.9x	31.1x
Shinva	$1.1B	0.7x	7.6x
Oxford Nanopore	$1.0B	4.3x	-7.3x
Establishment Labs	$1.0B	5.7x	-41.6x
Pulse Biosciences	$970M	n/a	n/a
MiMedx Group	$922M	2.6x	11.9x
Nakanishi	$854M	1.6x	6.3x
SD Biosensor	$814M	n/a	n/a
Xvivo Perfusion	$805M	9.3x	40.5x
Barco	$803M	0.8x	6.3x
Mesa Laboratories	$803M	3.3x	13.5x
Nanosonics	$799M	6.7x	54.9x
Bioventus	$789M	1.4x	7.2x
Axogen	$740M	3.8x	32.8x
Kuros Biosciences	$730M	7.3x	59.0x
Fukuda Denshi	$719M	0.8x	3.0x
Varex Imaging	$703M	0.9x	7.2x
Medmix	$695M	1.3x	7.3x
Cofoe Medical	$695M	1.5x	n/a
MedicalSystem Technology	$688M	n/a	n/a
Pacific Biosciences	$688M	4.4x	-2.7x
Revenio Group	$656M	5.7x	19.0x
Japan Lifeline	$649M	1.7x	6.7x
Dynavox Group	$637M	3.1x	14.0x
Staar Surgical	$636M	2.1x	101.9x
Avanos Medical	$636M	0.9x	6.4x
Orthofix Medical	$630M	0.8x	8.8x
iRadimed	$613M	8.2x	n/a
Sunmax Biotechnology	$608M	n/a	n/a
Guerbet	$599M	0.7x	4.5x
Advanced Medical Solutions Group	$597M	2.4x	10.8x
Mani Inc.	$581M	2.9x	7.9x
Surgical Science	$541M	5.7x	23.0x
Butterfly Network	$532M	6.1x	-13.6x
OrthoPediatrics	$530M	2.5x	50.0x
El.En. Group	$530M	0.9x	5.4x
Kaken Pharmaceutical	$521M	0.9x	2.8x
Synmosa Biopharma	$500M	n/a	n/a
SI-BONE	$455M	2.6x	-145.6x
Medios	$439M	0.2x	5.3x
Universal Vision	$422M	3.2x	7.3x
InMode	$421M	1.1x	3.2x
Treace Medical Concepts	$414M	1.9x	-53.6x
Amplitude Surgical	$414M	n/a	n/a
ZimVie	$412M	0.9x	6.6x
Surmodics	$410M	3.2x	29.7x
Stratec	$407M	1.4x	7.9x
Coltene	$404M	1.4x	10.2x
Synektik	$390M	2.2x	10.0x
Senseonics Holdings	$378M	14.5x	-5.4x
Beta Bionics	$377M	5.4x	-8.3x
EBR Systems	$376M	1125.7x	-9.2x
CeriBell	$366M	5.2x	-9.1x
BICO Group	$364M	1.8x	18.5x
NeuroPace	$360M	4.3x	-24.7x
Ever Supreme Bio Technology	$353M	11.6x	n/a
CellaVision	$348M	4.7x	15.3x
RxSight	$345M	2.3x	-12.0x
AngioDynamics	$337M	1.2x	53.6x
Pyridam Farma	$312M	n/a	n/a
Semler Scientific	$309M	5.5x	n/a
IBA Group	$309M	0.6x	8.5x
Delcath Systems	$304M	6.1x	103.9x
Knight Therapeutics	$303M	1.2x	7.7x
Imricor Medical Systems	$302M	162.8x	-19.7x
Accuray	$301M	0.6x	11.1x
ClearPoint Neuro	$300M	9.0x	-28.5x
IVF hartmann	$281M	n/a	n/a
Sanara MedTech	$275M	3.0x	n/a
Cerus	$274M	1.3x	37.3x
NIOX Group	$268M	4.8x	14.8x
Eurobio Scientific	$268M	1.8x	8.8x
Laxmi Dental	$267M	9.5x	53.3x
Anbio Biotechnology	$266M	n/a	n/a
Lumibird	$263M	1.2x	7.1x
Medistim	$262M	4.8x	17.8x
TaiDoc	$260M	n/a	n/a
JETEMA Co.	$258M	n/a	n/a
VieMed	$251M	1.1x	4.8x
Tactile Medical	$250M	0.8x	6.8x
Agfa-Gevaert	$238M	0.2x	3.3x
AVITA Medical	$237M	3.2x	-5.5x
Nano X Imaging	$228M	15.7x	n/a
Sisram Medical	$227M	0.6x	5.0x
Outset Medical	$223M	1.9x	-3.4x
Pro-Dex	$219M	3.4x	19.7x
Asterasys	$216M	9.2x	27.1x
Cytek Biosciences	$214M	1.1x	10.2x
Curiox Biosystems	$203M	n/a	n/a
Nextbiomedical	$200M	n/a	n/a
Orthocell	$197M	41.4x	-56.9x
Ilex Medical	$191M	n/a	n/a
TriSalus Life Sciences	$187M	5.5x	-8.0x
SmartVest	$177M	2.9x	13.8x
Standard BioTools	$176M	1.0x	-2.2x
Wellgistics Health	$174M	n/a	n/a
Vuno	$174M	n/a	n/a
Panion & Bf Biotech	$173M	2.8x	n/a
Onward Medical	$170M	51.4x	-3.9x
Quipt Home Medical	$170M	0.7x	3.0x
Pulmonx	$166M	1.9x	-3.7x
Detection Technology	$164M	1.4x	8.7x
Nyxoah	$160M	17.8x	-2.7x
Lucid Diagnostics	$159M	28.3x	-3.7x
Nanobiotix	$151M	-338.6x	-2.4x
Onyx Healthcare	$140M	n/a	n/a
LENSAR	$139M	2.4x	-41.0x
Myomo	$136M	3.6x	-33.8x
InfuSystem	$133M	1.0x	5.1x
Alpha Tau Medical	$132M	1429.8x	-3.5x
OssDsign	$127M	8.6x	-31.3x
MaxCyte	$124M	3.2x	-3.5x
Zepp Health	$122M	0.6x	-3.1x
Bactiguard	$121M	4.7x	58.6x
BrainsWay	$120M	n/a	n/a
Sofwave Medical	$116M	n/a	n/a
Paxman	$114M	3.9x	17.8x
Akoya Biosciences	$111M	1.3x	-4.2x
EKF Diagnostics	$108M	1.6x	7.2x
AOTI	$108M	1.7x	10.7x
CVRx	$107M	2.0x	-2.3x
Ascom	$106M	0.3x	4.0x
Carmat	$105M	10.6x	-2.3x
PhotoCure	$103M	2.0x	20.4x
Inogen	$102M	0.3x	-12.9x
Elutia	$100M	3.7x	-7.8x
Meditera	$96.7M	1.6x	8.4x
Utah Medical	$91.4M	n/a	n/a
Emvision	$89.0M	12.3x	n/a
908 Devices	$85.7M	1.5x	-3.2x
Xtant Medical	$85.5M	0.7x	37.0x
Biosynex	$84.9M	n/a	n/a
CytoSorbents	$84.4M	2.2x	n/a
C-Rad	$81.9M	1.7x	9.9x
Anteris Technologies US	$81.3M	27.4x	-1.2x
Sera Prognostics	$77.0M	236.4x	n/a
Aroa Biosurgery	$76.1M	1.6x	49.1x
Darya-Varia Laboratoria	$74.1M	n/a	n/a
Monogram Technologies	$73.6M	n/a	-3.9x
Affluent Medical	$71.1M	n/a	-6.0x
Cyclopharm	$69.5M	3.3x	-13.6x
Median Technologies	$67.8M	2.6x	-2.9x
Sequana Medical	$67.8M	245.9x	-3.5x
Optomed	$66.1M	3.9x	-21.9x
4DMedical	$65.2M	15.2x	-3.5x
Accelerate Diagnostics	$64.3M	5.4x	n/a
Orchestra BioMed	$63.9M	24.5x	-0.9x
Sedana Medical	$62.7M	3.4x	-24.7x
Fonar	$61.8M	n/a	n/a
Klea	$61.5M	3.1x	15.0x
Anatolia Geneworks	$61.4M	n/a	n/a
Icecure Medical	$58.8M	14.1x	n/a
Optiscan Imaging	$58.5M	n/a	n/a
Harvard Bioscience	$58.0M	0.6x	18.8x
Creo Medical Group	$58.0M	1.7x	-2.6x
CROSSJECT	$54.7M	2.6x	-24.5x
Sensus Healthcare	$54.6M	1.3x	6.5x
HeartBeam	$54.3M	30.7x	n/a
BATM Advanced Communications	$53.7M	0.4x	6.2x
Owlet	$53.1M	0.7x	-73.2x
FluoGuide	$52.7M	n/a	-9.4x
Bioretec	$52.6M	9.4x	-10.9x
Vivos	$47.2M	n/a	n/a
Rapid Micro Biosystems	$44.0M	1.5x	-1.0x
InspireMD	$43.7M	5.8x	-1.5x
Apyx Medical	$43.2M	0.9x	-3.6x
Mentice	$43.1M	1.4x	15.8x
Promimic	$42.4M	n/a	n/a
Sight Sciences	$42.2M	0.5x	-1.1x
Modular Medical	$41.5M	n/a	n/a
Anteris Technologies Glb	$41.4M	13.8x	-0.5x
Modulight	$41.4M	7.5x	-8.4x
Envoy Medical	$41.4M	158.7x	n/a
Senzime	$41.0M	5.5x	-4.6x
Daxor	$40.4M	n/a	n/a
Nortech Systems	$39.3M	n/a	n/a
Diagnostic Medical	$38.0M	0.7x	12.4x
Allurion	$37.0M	1.2x	-0.9x
Painchek	$36.4M	n/a	n/a
Pheton Holdings	$35.8M	n/a	n/a
Edap TMS	$35.7M	0.5x	-1.7x
Impedimed	$35.4M	3.9x	-4.1x
Biohit	$35.3M	2.2x	11.4x
Mauna Kea Technologies	$33.3M	3.7x	-7.1x
Renalytix	$32.7M	14.7x	n/a
Quantum-Si	$32.3M	7.4x	-0.3x
electroCore	$32.2M	1.2x	-5.8x
TELA Bio	$27.7M	0.4x	-0.9x
Susmed	$27.7M	12.2x	n/a
Integrum	$27.4M	3.0x	-8.5x
Finemedix	$25.8M	n/a	n/a
aap Implantate	$25.4M	n/a	n/a
Geratherm Medical	$19.7M	n/a	n/a
Hyperfine	$19.7M	1.4x	-0.5x
Iridex	$17.9M	0.4x	n/a
Implanet	$17.8M	n/a	n/a
SMAIO	$17.3M	2.3x	-30.3x
Cambridge Cognition	$16.9M	1.2x	36.8x
Pulsenmore	$15.9M	n/a	n/a
Polyrizon	$15.8M	n/a	n/a
AnteoTech	$15.5M	n/a	n/a
NeuroOne Medical	$14.0M	4.0x	n/a
BioRegenx	$13.6M	n/a	n/a
Biofrontera	$13.3M	n/a	n/a
WORK Medical Tech Gr	$12.3M	n/a	n/a
Bluelinea	$12.0M	n/a	n/a
Bionano Genomics	$11.1M	0.4x	-0.2x
Inspira Technologies	$10.7M	n/a	n/a
Spineguard	$9.5M	1.8x	-3.1x
Lifeward	$9.3M	0.4x	n/a
Eyenovia	$7.8M	3.5x	n/a
Bio-Gate	$6.9M	0.9x	-5.7x
AMA Corp	$5.4M	n/a	n/a
Spineway	$2.6M	0.2x	-2.0x
Theraclion	$2.5M	n/a	n/a
Labo Euromed	$1.5M	0.0x	0.9x
EvokAI Creative Labs	$1.4M	n/a	n/a
Altamira Therapeutics	$0.6M	n/a	n/a
Lucyd	-$1.8M	-0.4x	0.3x
Epigenomics	-$2.6M	n/a	n/a
enVVeno Medical	-$3.7M	-2.9x	n/a
Vicarious Surgical	-$3.8M	n/a	0.1x
NanoRepro	-$14.5M	n/a	n/a
Co-Diagnostics	-$15.8M	-4.9x	n/a
Zomedica	-$19.6M	-0.7x	n/a
OraSure	-$26.1M	-0.2x	13.5x
Quanterix	-$50.0M	-0.4x	1.1x
Perspective Therapeutics	-$78.5M	-63.4x	0.9x