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	$383B	4.3x	11.8x
Abbott Laboratories	$238B	5.5x	21.2x
Siemens	$229B	2.6x	14.5x
Samsung	$201B	0.9x	3.6x
Intuitive Surgical	$195B	21.9x	53.1x
Thermo Fisher Scientific	$181B	4.2x	16.7x
Boston Scientific	$166B	9.3x	30.8x
Stryker	$160B	6.8x	24.4x
Danaher	$151B	6.3x	19.8x
Medtronic	$125B	3.7x	12.9x
Siemens Healthineers	$57.0B	2.2x	10.8x
Alcon	$45.6B	4.3x	16.5x
Edwards Lifesciences	$42.4B	7.5x	24.2x
IDEXX Laboratories	$42.4B	10.6x	31.3x
GE HealthCare	$39.5B	2.0x	11.0x
Mindray	$35.9B	6.8x	18.4x
ResMed	$35.8B	7.0x	19.4x
Agilent	$34.2B	5.1x	17.6x
DexCom	$33.2B	7.8x	27.4x
Philips	$28.3B	1.4x	8.9x
Fresenius Medical Care	$27.4B	1.2x	6.9x
Mettler Toledo	$26.4B	6.8x	21.2x
Steris	$25.9B	4.7x	16.1x
Coloplast	$25.1B	6.0x	18.8x
Zimmer Biomet	$24.3B	3.1x	9.1x
Baxter International	$23.8B	2.2x	10.2x
Sartorius Stedim Biotech	$23.5B	7.3x	25.3x
Insulet	$23.2B	10.3x	46.3x
Waters	$22.3B	7.4x	20.3x
Bausch Health	$22.0B	2.2x	6.4x
Solventum	$19.9B	2.4x	9.9x
Sonova	$19.7B	4.2x	16.8x
Sartorius	$19.6B	5.0x	17.6x
Cooper Companies	$18.4B	4.6x	15.1x
Halma	$15.6B	5.2x	21.9x
Smith & Nephew	$15.2B	2.5x	9.9x
Hologic	$14.9B	3.7x	11.3x
United Imaging	$14.6B	9.4x	59.8x
Olympus	$14.2B	2.1x	9.0x
Align Technology	$12.5B	3.1x	12.1x
Fisher & Paykel	$12.0B	9.8x	30.7x
Cochlear	$11.3B	7.3x	27.9x
Fosun Pharma	$10.9B	1.9x	11.3x
Demant	$10.4B	3.0x	11.9x
Sysmex	$10.2B	2.9x	11.5x
Penumbra	$10.1B	8.0x	54.9x
Shionogi	$9.7B	3.2x	7.8x
Masimo	$9.1B	4.9x	19.4x
ConvaTec Group	$8.9B	3.7x	14.2x
Bausch & Lomb	$8.7B	1.7x	10.0x
Medpace	$8.2B	3.8x	17.2x
Globus Medical	$7.6B	2.9x	9.8x
Bruker	$7.6B	2.2x	12.1x
Abbott India	$7.2B	9.5x	35.4x
Teleflex	$7.1B	2.3x	8.0x
Salubris Pharmaceuticals	$6.8B	11.6x	38.6x
Amplifon	$6.7B	2.4x	10.2x
Ypsomed	$6.7B	7.5x	23.7x
Sectra	$6.1B	18.1x	76.2x
Snibe	$6.1B	9.1x	18.9x
Merit Medical Systems	$6.0B	4.3x	18.7x
Getinge	$6.0B	1.7x	8.6x
Shimadzu	$6.0B	1.6x	9.5x
Bio-Rad Laboratories	$5.9B	2.3x	13.1x
Carl Zeiss Meditec	$5.8B	2.4x	13.8x
Humanwell Healthcare	$5.7B	1.6x	9.5x
Integer Holdings	$5.5B	3.1x	14.5x
APT Medical	$5.3B	16.4x	40.6x
Glaukos	$5.2B	12.3x	-166.1x
Mirion Technologies	$5.0B	5.6x	23.4x
Novanta	$4.8B	5.0x	22.1x
iRhythm Technologies	$4.8B	7.5x	265.9x
QuidelOrtho	$4.6B	1.7x	8.3x
ICU Medical	$4.6B	2.0x	12.3x
TransMedics	$4.5B	9.1x	47.6x
Jiangsu Yuyue Medical	$4.2B	3.8x	15.5x
Haemonetics	$4.2B	3.1x	10.0x
Grand Pharmaceutical	$4.1B	2.7x	10.0x
Ambu	$4.1B	4.6x	23.6x
Asahi Intecc	$3.9B	4.8x	15.3x
MGI Tech	$3.8B	8.1x	240.9x
GN Store Nord	$3.8B	1.4x	9.1x
Inspire Medical Systems	$3.7B	4.3x	22.2x
Envista Holdings	$3.6B	1.4x	11.3x
Medacta Group	$3.5B	4.9x	18.1x
AdaptHealth	$3.3B	1.0x	4.8x
Enovis	$3.3B	1.5x	8.5x
Lepu Medical Technology	$3.2B	3.6x	16.7x
Autobio Diagnostics	$3.1B	4.9x	12.4x
PharmaResearch	$3.0B	10.1x	25.0x
Hamamatsu Photonics	$2.9B	2.0x	8.9x
Canon Marketing Japan	$2.8B	0.6x	6.2x
PROCEPT BioRobotics	$2.8B	10.7x	-56.2x
Topcon	$2.8B	1.9x	17.4x
AddLife	$2.8B	2.6x	16.9x
Integra Lifesciences	$2.7B	1.7x	8.6x
Conmed	$2.6B	2.0x	9.8x
Elekta	$2.6B	1.4x	7.0x
Embla Medical	$2.5B	2.8x	14.0x
MicroPort Scientific	$2.5B	2.3x	109.0x
Tecan Group	$2.5B	2.2x	12.7x
Horiba	$2.4B	1.1x	5.5x
LivaNova	$2.3B	1.8x	8.1x
Jafron Biomedical	$2.3B	5.9x	13.7x
PHC Holdings	$2.3B	0.9x	6.6x
Alphatec Holdings	$2.2B	3.4x	44.9x
Vitrolife	$2.2B	6.0x	17.5x
Renishaw	$2.2B	2.3x	11.8x
Double Medical Technology	$2.1B	6.3x	n/a
Beijing Balance Medical	$2.0B	n/a	n/a
UFP Technologies	$2.0B	3.6x	17.5x
NovoCure	$1.9B	3.1x	-898.9x
SKAN Group	$1.9B	4.0x	25.7x
Nolato	$1.8B	n/a	n/a
Nihon Kohden	$1.8B	1.1x	10.1x
SonoScape	$1.8B	5.9x	43.4x
Artivion	$1.7B	4.3x	22.3x
LeMaitre Vascular	$1.7B	7.4x	26.0x
BoneSupport	$1.7B	15.8x	75.7x
AtriCure	$1.7B	3.4x	45.3x
Sinocare	$1.6B	2.5x	17.3x
Andon Health	$1.6B	4.3x	9.4x
Tandem Diabetes Care	$1.5B	1.6x	221.2x
Draegerwerk	$1.4B	0.4x	3.8x
Qingdao Baheal Medical	$1.4B	1.2x	9.4x
Rigaku	$1.4B	2.2x	8.5x
ChemoMetec	$1.3B	18.2x	35.0x
Pacira BioSciences	$1.3B	1.9x	6.1x
Wandong Medical	$1.3B	5.6x	60.4x
Jeol	$1.3B	0.9x	4.7x
MicroPort	$1.2B	6.8x	13.1x
Haohai Biological	$1.2B	3.1x	13.2x
Oxford Nanopore Techs	$1.2B	4.6x	-8.4x
Dynavox Group	$1.2B	5.4x	24.8x
Weigao Group	$1.2B	5.6x	22.5x
MicroPort EP	$1.2B	18.5x	104.9x
Medartis	$1.2B	4.0x	22.3x
Establishment Labs	$1.2B	6.3x	-49.1x
Kuros Biosciences	$1.1B	10.0x	81.1x
SD Biosensor	$1.1B	2.2x	17.4x
SPIMACO - ADDWAEIH	$1.1B	2.4x	16.3x
Haier Biomedical	$1.1B	3.3x	15.9x
Mehow Innovative	$1.1B	4.5x	15.5x
Shinva	$1.1B	0.8x	7.5x
Pulse Biosciences	$1.1B	n/a	n/a
Xvivo Perfusion	$979M	10.7x	48.1x
Barco	$944M	0.9x	6.8x
Nakanishi	$942M	1.7x	6.8x
MiMedx Group	$880M	2.4x	11.3x
El.En. Group	$847M	1.3x	8.1x
Fukuda Denshi	$836M	0.9x	3.3x
Revenio Group	$808M	6.7x	22.3x
Bioventus	$779M	1.4x	7.0x
Nanosonics	$771M	6.3x	49.7x
Medmix	$764M	1.3x	7.5x
Cofoe Medical	$743M	1.7x	9.5x
Mesa Laboratories	$725M	3.0x	12.7x
Staar Surgical	$722M	2.5x	550.8x
SI-BONE	$702M	3.9x	-396.6x
Surgical Science	$697M	6.9x	27.8x
Varex Imaging	$695M	0.9x	7.3x
Sunmax Biotechnology	$694M	n/a	n/a
Mani Inc.	$691M	3.4x	9.3x
iRadimed	$689M	9.1x	n/a
MedCap	$672M	3.4x	16.5x
Advanced Medical Solutions Group	$671M	2.5x	11.3x
Pacific Biosciences	$668M	4.3x	-3.1x
Japan Lifeline	$647M	1.6x	6.5x
Guerbet	$642M	0.7x	4.6x
MedicalSystem Technology	$641M	n/a	n/a
Avanos Medical	$628M	0.9x	6.3x
Semler Scientific	$591M	10.5x	n/a
Orthofix Medical	$577M	0.7x	7.8x
Polynovo	$571M	7.0x	81.5x
Universal Vision	$546M	3.8x	8.5x
Axogen	$543M	2.7x	25.1x
Delcath Systems	$536M	8.8x	62.9x
Kaken Pharmaceutical	$536M	0.9x	3.7x
OrthoPediatrics	$519M	2.4x	45.1x
Synmosa Biopharma	$504M	n/a	n/a
Coltene	$503M	1.7x	11.9x
Medios	$494M	0.2x	5.6x
Lumibird	$469M	1.9x	11.8x
Butterfly Network	$468M	5.3x	-12.1x
CellaVision	$464M	6.0x	19.0x
CeriBell	$454M	6.1x	-10.5x
Synektik	$453M	2.4x	10.9x
Amplitude Surgical	$444M	n/a	n/a
RxSight	$442M	2.9x	-15.8x
Beta Bionics	$441M	6.0x	-9.0x
Stratec	$441M	1.5x	8.8x
NeuroPace	$437M	5.1x	-31.4x
Ever Supreme Bio Technology	$429M	12.6x	25.9x
Surmodics	$424M	3.6x	39.7x
ZimVie	$416M	0.9x	6.5x
InMode	$381M	1.0x	3.2x
Senseonics Holdings	$380M	13.6x	n/a
Pyridam Farma	$373M	n/a	n/a
IBA Group	$371M	0.6x	9.2x
AngioDynamics	$366M	1.3x	47.8x
Treace Medical Concepts	$362M	1.7x	-58.1x
Imricor Medical Systems	$356M	157.3x	-23.2x
Medistim	$354M	6.1x	22.3x
NIOX Group	$346M	5.8x	17.9x
BICO Group	$340M	1.7x	21.0x
Curiox Biosystems	$338M	n/a	n/a
ClearPoint Neuro	$329M	9.6x	-28.6x
Anbio Biotechnology	$328M	n/a	n/a
Knight Therapeutics	$322M	1.2x	8.1x
TaiDoc	$321M	n/a	n/a
Asterasys	$315M	11.8x	33.4x
IVF hartmann	$300M	n/a	n/a
Agfa-Gevaert	$299M	0.2x	7.6x
Accuray	$299M	0.7x	10.6x
Eurobio Scientific	$299M	1.9x	9.2x
Sanara MedTech	$285M	3.0x	n/a
Nano X Imaging	$280M	22.8x	n/a
EBR Systems	$273M	520.2x	-6.5x
VieMed	$256M	1.1x	4.8x
JETEMA Co.	$254M	5.3x	19.5x
Cerus	$254M	1.2x	35.7x
Nyxoah	$245M	28.2x	-3.5x
Sisram Medical	$243M	0.6x	5.2x
Panion & Bf Biotech	$240M	3.5x	n/a
Laxmi Dental	$229M	7.8x	42.9x
TriSalus Life Sciences	$227M	6.4x	-9.7x
Outset Medical	$225M	1.9x	-3.8x
Nextbiomedical	$221M	20.5x	-101.9x
Lucid Diagnostics	$219M	41.2x	-4.6x
Alpha Tau Medical	$215M	n/a	-5.6x
Ilex Medical	$201M	n/a	n/a
Nanobiotix	$193M	21.9x	-3.8x
Wellgistics Health	$191M	n/a	n/a
Sofwave Medical	$190M	n/a	n/a
Onward Medical	$179M	40.7x	-3.9x
Detection Technology	$175M	1.4x	9.2x
Tactile Medical	$175M	0.6x	5.0x
Orthocell	$171M	32.0x	-50.0x
AVITA Medical	$171M	2.2x	-4.3x
Vuno	$163M	7.0x	-37.5x
Quipt Home Medical	$157M	0.6x	2.8x
Standard BioTools	$156M	0.9x	-2.1x
SmartVest	$156M	2.5x	11.9x
Onyx Healthcare	$150M	n/a	n/a
InfuSystem	$149M	1.1x	5.6x
Zepp Health	$144M	0.7x	-3.7x
Paxman	$142M	4.6x	22.7x
Bactiguard	$141M	5.4x	57.5x
Pro-Dex	$141M	2.1x	11.0x
LENSAR	$141M	2.4x	-48.7x
Ascom	$140M	0.4x	4.9x
EKF Diagnostics	$137M	2.0x	8.7x
BrainsWay	$135M	n/a	n/a
OssDsign	$130M	8.2x	-32.6x
Xtant Medical	$127M	1.0x	33.7x
CVRx	$125M	2.3x	-2.7x
AOTI	$125M	1.9x	13.4x
Akoya Biosciences	$118M	1.4x	-4.1x
MaxCyte	$118M	2.9x	-3.3x
Sight Sciences	$114M	1.5x	-2.8x
Carmat	$113M	9.8x	-2.3x
Rapid Micro Biosystems	$112M	3.7x	-2.5x
Sedana Medical	$111M	5.6x	-45.8x
Aroa Biosurgery	$109M	2.1x	38.8x
Svas Biosana	$106M	0.7x	5.8x
CROSSJECT	$106M	4.3x	84.3x
PhotoCure	$103M	2.0x	21.6x
C-Rad	$98.6M	2.0x	11.5x
Myomo	$97.2M	2.4x	-21.4x
Pulmonx	$97.1M	1.1x	-2.1x
Darya-Varia Laboratoria	$94.9M	n/a	n/a
Owlet	$94.6M	1.1x	-160.1x
Utah Medical	$94.2M	n/a	n/a
4DMedical	$94.1M	20.4x	-4.7x
Anteris Technologies Glb	$94.1M	34.7x	-1.2x
Quantum-Si	$93.2M	21.8x	-1.0x
Anteris Technologies US	$93.0M	29.7x	-1.3x
908 Devices	$89.2M	1.6x	-4.0x
Emvision	$86.6M	11.7x	n/a
Biosynex	$86.0M	n/a	n/a
Optomed	$85.0M	4.6x	-27.0x
Sequana Medical	$83.7M	209.6x	-4.0x
Creo Medical Group	$83.5M	12.8x	-3.2x
Meditera	$82.5M	1.3x	7.3x
Affluent Medical	$81.0M	78.5x	-4.5x
Pheton Holdings	$79.2M	n/a	n/a
Cytek Biosciences	$78.3M	0.4x	4.5x
BATM Advanced Communications	$77.5M	0.6x	8.5x
Monogram Technologies	$77.4M	n/a	-4.3x
Cyclopharm	$76.7M	3.4x	-18.6x
Fonar	$76.1M	n/a	n/a
Inogen	$75.9M	0.2x	-14.2x
Optiscan Imaging	$75.9M	n/a	n/a
Elutia	$75.5M	2.9x	-6.1x
Orchestra BioMed	$75.0M	26.6x	-1.1x
Median Technologies	$71.3M	2.6x	-3.3x
Harvard Bioscience	$68.7M	0.8x	19.1x
Apyx Medical	$68.4M	1.4x	-6.1x
CytoSorbents	$66.7M	1.7x	n/a
Nexstim	$65.9M	5.0x	29.4x
Medicalgorithmics	$65.8M	8.7x	-23.5x
Klea	$62.7M	3.0x	13.8x
Painchek	$60.9M	n/a	n/a
Sensus Healthcare	$60.0M	1.4x	8.4x
FluoGuide	$57.6M	n/a	-8.5x
Vivos	$56.6M	n/a	n/a
Anatolia Geneworks	$55.2M	n/a	n/a
Senzime	$55.1M	6.7x	-6.0x
Icecure Medical	$54.7M	12.5x	n/a
InspireMD	$54.7M	7.7x	-1.7x
Envoy Medical	$52.8M	234.7x	n/a
TELA Bio	$52.8M	0.7x	-1.7x
Edap TMS	$51.3M	0.8x	-2.3x
Boule Diagnostics	$50.7M	0.9x	-3.0x
Bioretec	$46.2M	7.5x	-9.7x
Nortech Systems	$46.1M	n/a	n/a
Mentice	$45.4M	1.5x	24.6x
HeartBeam	$43.9M	17.5x	n/a
Modulight	$43.2M	6.9x	-9.4x
Diagnostic Medical	$42.0M	0.7x	9.9x
Modular Medical	$41.8M	n/a	n/a
Daxor	$40.9M	n/a	n/a
Mauna Kea Technologies	$40.3M	4.1x	-8.6x
BrainCool	$39.9M	7.4x	-13.1x
Biohit	$39.3M	2.3x	12.1x
Integrum	$36.7M	3.8x	-10.8x
Susmed	$34.7M	14.8x	n/a
Renalytix	$34.2M	14.8x	n/a
electroCore	$32.8M	1.2x	n/a
Allurion	$32.2M	1.0x	-0.9x
Ortoma	$32.0M	n/a	n/a
Promimic	$31.3M	n/a	n/a
Finemedix	$31.1M	n/a	n/a
NeuroOne Medical	$30.8M	4.4x	n/a
WORK Medical Tech Gr	$28.3M	n/a	n/a
Q-linea	$28.2M	12.6x	-1.6x
Genomtec	$28.0M	n/a	n/a
enVVeno Medical	$27.8M	n/a	n/a
Impedimed	$27.1M	2.8x	-3.2x
Acarix	$26.0M	32.7x	-4.2x
Scandinavian Medical	$24.8M	n/a	n/a
aap Implantate	$24.3M	n/a	n/a
SMAIO	$23.6M	2.8x	-19.1x
Vicarious Surgical	$22.1M	n/a	-0.4x
Cambridge Cognition	$21.9M	1.5x	44.7x
Implanet	$19.2M	n/a	n/a
Geratherm Medical	$19.1M	n/a	n/a
IMD International Medical	$19.1M	0.4x	4.5x
Dignitana	$19.0M	1.9x	538.6x
Neola Medical	$16.2M	n/a	-14.3x
Sera Prognostics	$16.2M	85.4x	n/a
Iridex	$15.7M	0.3x	n/a
Medclair	$15.4M	n/a	n/a
Biofrontera	$14.2M	n/a	n/a
Hyperfine	$13.8M	1.0x	-0.4x
Advanced Medical	$13.5M	n/a	n/a
Bluelinea	$13.4M	n/a	n/a
SciBase Holding	$13.2M	3.8x	-1.9x
BioRegenx	$12.8M	n/a	n/a
Medinice	$12.7M	n/a	n/a
Arcoma	$12.5M	0.8x	5.5x
Bionano Genomics	$12.5M	0.4x	-0.2x
Eyenovia	$12.4M	n/a	n/a
BibbInstruments	$12.2M	n/a	n/a
Theraclion	$11.6M	n/a	n/a
Bio-Gate	$11.5M	1.3x	-9.8x
Inventionmed	$11.2M	n/a	n/a
SensoDetect	$10.7M	n/a	n/a
AnteoTech	$10.6M	n/a	n/a
Observe Medical	$10.4M	n/a	n/a
AMA Corp	$10.2M	3.7x	n/a
Spineguard	$9.3M	1.6x	-3.0x
Phase Holographic	$9.3M	n/a	n/a
Lifecare	$9.0M	14.2x	-1.2x
Lifeward	$8.9M	0.3x	n/a
Inspira Technologies	$8.7M	n/a	n/a
Redsense Medical	$8.6M	2.8x	n/a
ViroGates	$8.6M	n/a	n/a
Magnasense	$7.9M	n/a	n/a
Adiuvo Investments	$7.7M	n/a	n/a
Luxbright	$7.6M	5.2x	-4.5x
Polyrizon	$7.2M	n/a	n/a
BBS-Bioactive Bone	$7.0M	n/a	n/a
ScandiDos	$6.9M	n/a	n/a
Sds Optic	$5.9M	n/a	n/a
CM International	$5.6M	n/a	n/a
Lucyd	$5.6M	1.4x	-0.8x
Carbiotix	$5.4M	n/a	n/a
Clinical Laserthermia	$4.9M	n/a	n/a
Episurf Medical	$4.9M	n/a	n/a
Nestmedic	$4.6M	n/a	n/a
SpectraCure	$4.4M	n/a	n/a
Labo Euromed	$4.3M	0.1x	2.3x
Massmedica	$4.1M	n/a	n/a
VibroSense Dynamics	$3.7M	n/a	n/a
Zenicor Medical Systems	$3.5M	n/a	n/a
PolarCool	$3.4M	10.7x	-4.8x
Qlife Holding	$3.3M	n/a	n/a
Milton Essex	$3.0M	n/a	n/a
Grupa Modne Zakupy	$3.0M	n/a	n/a
Predict	$2.6M	0.3x	2.6x
Monivent	$2.2M	n/a	n/a
Invent Medic Sweden	$2.0M	n/a	n/a
Perpetua Medical	$1.7M	n/a	n/a
EvokAI Creative Labs	$1.5M	n/a	n/a
Scandinavian Real Heart	$1.4M	n/a	n/a
PExA	$1.3M	n/a	n/a
Iconovo	$1.2M	0.8x	-0.5x
Pulsenmore	$1.1M	n/a	n/a
Chordate Medical Holding	$0.8M	n/a	n/a
Inhalation Sciences SWE	$0.6M	n/a	n/a
Altamira Therapeutics	-$0.2M	n/a	n/a
Spineway	-$0.3M	-0.0x	0.3x
Epigenomics	-$2.7M	n/a	n/a
Perspective Therapeutics	-$7.5M	-6.1x	0.1x
NanoRepro	-$9.6M	n/a	n/a
Co-Diagnostics	-$9.8M	-3.9x	n/a
Zomedica	-$16.5M	-0.6x	n/a
OraSure	-$20.9M	-0.1x	1.6x
Quanterix	-$27.2M	-0.2x	0.6x