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	$403B	4.5x	12.8x
Abbott Laboratories	$241B	5.7x	22.1x
Thermo Fisher Scientific	$227B	5.3x	20.7x
Siemens	$219B	2.7x	15.2x
Intuitive Surgical	$207B	24.3x	58.0x
Samsung	$202B	1.0x	3.9x
Danaher	$165B	6.9x	21.8x
Boston Scientific	$165B	9.6x	32.6x
Stryker	$155B	6.8x	24.6x
Medtronic	$134B	4.0x	14.0x
Siemens Healthineers	$62.0B	2.6x	12.9x
GE HealthCare	$48.2B	2.4x	13.0x
Alcon	$48.1B	4.9x	18.7x
Agilent	$40.7B	6.2x	21.0x
Mindray	$40.5B	7.6x	19.6x
Edwards Lifesciences	$39.5B	7.2x	22.7x
IDEXX Laboratories	$37.7B	9.6x	28.9x
DexCom	$34.7B	8.4x	30.2x
ResMed	$34.3B	6.9x	19.5x
Baxter International	$29.0B	2.7x	14.0x
Mettler Toledo	$28.9B	7.4x	22.9x
Philips	$28.6B	1.5x	9.5x
Coloplast	$28.5B	7.3x	22.9x
Zimmer Biomet	$26.5B	3.4x	10.0x
Fresenius Medical Care	$24.5B	1.2x	6.8x
Steris	$23.8B	4.4x	15.7x
Waters	$23.6B	7.9x	21.9x
Sartorius Stedim Biotech	$23.4B	8.0x	28.3x
Bausch Health	$23.1B	2.4x	6.9x
Insulet	$20.3B	9.5x	43.4x
Cooper Companies	$20.2B	5.1x	16.8x
Solventum	$20.0B	2.4x	9.6x
Sartorius	$19.9B	5.6x	19.9x
Sonova	$19.2B	4.5x	17.8x
Olympus	$15.3B	2.3x	10.6x
Hologic	$15.0B	3.7x	11.3x
United Imaging	$14.7B	9.5x	59.5x
Halma	$14.6B	5.3x	22.7x
Smith & Nephew	$14.3B	2.5x	10.1x
Align Technology	$13.3B	3.3x	13.0x
Fosun Pharma	$11.2B	1.9x	13.1x
Sysmex	$11.1B	3.3x	13.0x
Penumbra	$11.1B	9.1x	64.7x
Globus Medical	$10.7B	4.2x	14.0x
Bausch & Lomb	$10.0B	2.1x	11.4x
Demant	$10.0B	3.1x	12.0x
Medpace	$9.8B	4.6x	20.5x
Masimo	$9.8B	4.7x	25.2x
Teleflex	$9.8B	3.2x	10.7x
Bruker	$9.6B	2.8x	15.6x
Shionogi	$8.9B	3.0x	7.3x
Bio-Rad Laboratories	$7.7B	3.0x	16.1x
ConvaTec Group	$7.5B	3.3x	13.0x
Amplifon	$7.5B	3.0x	12.3x
Glaukos	$6.9B	17.3x	-100.5x
Abbott India	$6.9B	9.4x	36.4x
Shimadzu	$6.8B	1.9x	10.9x
Snibe	$6.6B	9.9x	19.9x
Merit Medical Systems	$6.3B	4.6x	20.3x
Getinge	$6.3B	1.9x	9.9x
Ypsomed	$5.7B	7.6x	24.7x
Integer Holdings	$5.5B	3.2x	14.9x
Novanta	$5.5B	5.7x	25.6x
QuidelOrtho	$5.3B	1.9x	9.6x
ICU Medical	$5.2B	2.2x	14.1x
Ambu	$5.2B	6.5x	33.7x
Carl Zeiss Meditec	$5.1B	2.3x	13.6x
Humanwell Healthcare	$5.1B	1.4x	10.3x
APT Medical	$4.9B	15.8x	40.7x
Inspire Medical Systems	$4.8B	5.9x	30.0x
Asahi Intecc	$4.5B	5.9x	19.3x
Jiangsu Yuyue Medical	$4.4B	3.9x	14.0x
Salubris Pharmaceuticals	$4.3B	7.7x	30.4x
Sectra	$4.3B	14.5x	67.1x
GN Store Nord	$4.3B	1.7x	10.9x
Mirion Technologies	$4.2B	4.9x	20.4x
Envista Holdings	$4.1B	1.6x	13.4x
Haemonetics	$4.1B	3.0x	9.8x
iRhythm Technologies	$4.0B	6.5x	4995.6x
Enovis	$3.8B	1.8x	10.0x
MGI Tech	$3.8B	9.7x	-231.6x
Lepu Medical Technology	$3.4B	3.8x	14.0x
Autobio Diagnostics	$3.4B	5.0x	12.4x
Integra Lifesciences	$3.3B	2.1x	10.4x
PROCEPT BioRobotics	$3.3B	13.7x	-49.9x
AdaptHealth	$3.2B	1.0x	4.8x
Medacta Group	$3.0B	4.9x	18.3x
Hamamatsu Photonics	$3.0B	2.2x	9.4x
LivaNova	$2.9B	2.3x	10.0x
Canon Marketing Japan	$2.9B	0.7x	6.7x
Tecan Group	$2.9B	2.7x	15.5x
Jafron Biomedical	$2.8B	6.5x	14.7x
Conmed	$2.8B	2.1x	10.4x
Elekta	$2.7B	1.6x	8.7x
Vitrolife	$2.7B	7.9x	23.2x
MicroPort Scientific	$2.7B	2.4x	41.4x
TransMedics	$2.6B	5.9x	34.0x
Renishaw	$2.5B	2.8x	13.4x
Grand Pharmaceutical	$2.4B	1.7x	6.9x
Topcon	$2.4B	1.7x	17.2x
PHC Holdings	$2.4B	1.0x	7.1x
Embla Medical	$2.4B	2.7x	13.6x
AddLife	$2.3B	2.4x	16.1x
Nihon Kohden	$2.3B	1.6x	14.2x
Horiba	$2.2B	1.1x	5.5x
UFP Technologies	$2.2B	4.2x	20.1x
LeMaitre Vascular	$2.1B	9.6x	30.3x
NovoCure	$2.1B	3.5x	-147.3x
BoneSupport	$2.1B	23.0x	122.7x
Tandem Diabetes Care	$2.0B	2.2x	342.7x
Sinocare	$2.0B	3.3x	22.6x
Alphatec Holdings	$2.0B	3.2x	58.6x
Andon Health	$2.0B	4.9x	7.4x
Beijing Balance Medical	$2.0B	n/a	n/a
PharmaResearch	$1.9B	7.8x	19.3x
Qingdao Baheal Medical	$1.9B	1.7x	10.9x
Double Medical Technology	$1.9B	n/a	n/a
Rigaku	$1.9B	3.1x	12.1x
SKAN Group	$1.8B	4.5x	28.5x
AtriCure	$1.8B	3.9x	55.8x
SonoScape	$1.6B	5.3x	36.7x
Jeol	$1.6B	1.2x	6.1x
Artivion	$1.5B	3.8x	20.4x
MicroPort	$1.5B	8.5x	16.8x
Mehow Innovative	$1.5B	6.2x	20.6x
ChemoMetec	$1.4B	21.5x	42.6x
Haohai Biological	$1.4B	3.6x	15.8x
Wandong Medical	$1.4B	n/a	n/a
Pacira BioSciences	$1.4B	1.9x	6.0x
SPIMACO	$1.4B	2.9x	20.5x
Oxford Nanopore	$1.3B	5.5x	-8.7x
Xvivo Perfusion	$1.3B	16.4x	73.6x
Haier Biomedical	$1.2B	3.3x	14.6x
Weigao Group	$1.2B	5.8x	23.5x
Shinva	$1.2B	0.8x	8.2x
Paragon 28	$1.2B	4.5x	-146.6x
Pulse Biosciences	$1.1B	n/a	n/a
Establishment Labs	$1.1B	6.5x	-58.5x
Medartis	$1.1B	4.2x	26.7x
MiMedx Group	$1.1B	3.1x	14.4x
Draegerwerk	$1.1B	0.3x	3.2x
MicroPort EP	$1.1B	17.9x	124.6x
Nakanishi	$996M	1.9x	7.3x
Bioventus	$995M	1.8x	9.4x
RxSight	$967M	6.6x	-32.1x
Kuros Biosciences	$951M	10.3x	84.1x
Butterfly Network	$949M	11.3x	-25.1x
Mesa Laboratories	$947M	4.0x	16.1x
Varex Imaging	$900M	1.1x	9.6x
CeriBell	$893M	13.4x	-23.9x
Cofoe Medical	$882M	1.9x	11.2x
SD Biosensor	$868M	n/a	n/a
Medmix	$855M	1.6x	8.8x
Beta Bionics	$840M	12.2x	-21.4x
El.En. Group	$836M	1.2x	8.7x
Axogen	$836M	4.4x	40.4x
Polynovo	$835M	10.8x	137.5x
Fukuda Denshi	$832M	0.9x	3.4x
Avanos Medical	$823M	1.2x	n/a
MedicalSystem Technology	$809M	n/a	n/a
Orthofix Medical	$793M	1.0x	11.6x
Nanosonics	$791M	6.7x	56.8x
Mani Inc.	$759M	3.9x	10.5x
Pacific Biosciences	$733M	4.7x	-2.9x
InMode	$726M	1.8x	5.6x
Revenio Group	$717M	6.5x	21.8x
Dynavox Group	$708M	3.7x	16.9x
Surgical Science	$690M	8.0x	33.3x
Japan Lifeline	$689M	1.9x	7.2x
Guerbet	$671M	0.8x	5.1x
iRadimed	$661M	8.9x	n/a
Kaken Pharmaceutical	$647M	1.1x	n/a
Staar Surgical	$640M	2.1x	43.9x
SI-BONE	$637M	3.7x	-133.0x
Universal Vision	$584M	4.5x	10.2x
OrthoPediatrics	$572M	2.7x	57.6x
Treace Medical Concepts	$571M	2.7x	-50.8x
Senseonics Holdings	$558M	23.3x	-7.3x
ZimVie	$535M	1.2x	8.9x
Delcath Systems	$528M	12.7x	-38.4x
Advanced Medical Solutions Group	$516M	2.2x	10.0x
Stratec	$502M	1.9x	10.4x
Surmodics	$501M	3.9x	34.2x
Sunmax Biotechnology	$468M	n/a	n/a
Synmosa Biopharma	$452M	n/a	n/a
Semler Scientific	$445M	7.9x	n/a
Ever Supreme Bio Technology	$445M	15.1x	n/a
NeuroPace	$444M	5.4x	-29.9x
ClearPoint Neuro	$443M	13.5x	-44.4x
Synektik	$441M	2.6x	11.8x
IBA Group	$424M	0.8x	14.6x
CellaVision	$402M	5.9x	19.1x
Cytek Biosciences	$396M	1.9x	17.9x
Coltene	$389M	1.4x	9.9x
AngioDynamics	$369M	1.3x	505.4x
Accuray	$368M	0.8x	14.2x
Pyridam Farma	$363M	n/a	n/a
EBR Systems	$349M	634.4x	-8.8x
Nyxoah	$340M	35.9x	-5.8x
BICO Group	$335M	1.8x	17.2x
Cerus	$324M	1.6x	50.3x
Nano X Imaging	$320M	22.0x	n/a
Knight Therapeutics	$318M	1.3x	8.0x
Sanara MedTech	$310M	3.5x	n/a
Pulmonx	$309M	3.6x	-6.9x
CVRx	$305M	5.7x	-6.4x
NIOX Group	$302M	5.6x	17.3x
VieMed	$299M	1.3x	5.8x
Nextbiomedical	$292M	n/a	n/a
Tactile Medical	$291M	1.0x	7.9x
MaxCyte	$289M	7.4x	-8.6x
Imricor Medical Systems	$282M	62.6x	-19.1x
TaiDoc	$282M	n/a	n/a
Eurobio Scientific	$273M	1.9x	9.5x
Agfa-Gevaert	$273M	0.2x	4.3x
AVITA Medical	$267M	3.8x	-5.5x
Onward Medical	$251M	93.1x	-6.8x
Medistim	$249M	5.0x	16.9x
Vuno	$243M	12.0x	-46.5x
Laxmi Dental	$235M	n/a	n/a
Panion & Bf Biotech	$234M	n/a	n/a
Detection Technology	$230M	2.0x	12.8x
JETEMA Co.	$229M	4.8x	18.3x
Electromed	$223M	3.7x	18.4x
Asterasys	$215M	9.7x	n/a
Onyx Healthcare	$213M	n/a	n/a
Standard BioTools	$207M	1.2x	-2.3x
Orthocell	$203M	47.4x	-58.7x
Sisram Medical	$203M	0.5x	n/a
Ilex Medical	$199M	n/a	n/a
InfuSystem	$195M	1.4x	7.6x
Quipt Home Medical	$194M	0.8x	3.4x
TriSalus Life Sciences	$188M	6.0x	-7.2x
Myomo	$187M	5.8x	-33.2x
Nevro	$186M	0.5x	-11.0x
BrainsWay	$170M	n/a	n/a
Nanobiotix	$161M	7.1x	-3.5x
Curiox Biosystems	$157M	39.1x	-23.9x
Akoya Biosciences	$151M	1.8x	-5.0x
Sofwave Medical	$149M	n/a	n/a
Sedana Medical	$148M	8.6x	-59.4x
AOTI	$142M	2.4x	14.9x
Lucid Diagnostics	$141M	25.7x	-3.4x
Inogen	$136M	0.4x	-11.2x
Meditera	$136M	2.2x	11.1x
Alpha Tau Medical	$135M	n/a	-3.5x
Ascom	$133M	0.4x	5.4x
TELA Bio	$132M	1.7x	-4.5x
EKF Diagnostics	$130M	2.0x	9.1x
Elutia	$126M	4.9x	-9.1x
Cyclopharm	$126M	n/a	n/a
Zepp Health	$122M	0.7x	-3.7x
Paxman	$122M	4.7x	21.0x
Quanterix	$119M	0.9x	-2.7x
Utah Medical	$118M	n/a	n/a
Aroa Biosurgery	$117M	2.5x	108.3x
Pro-Dex	$117M	2.2x	13.1x
OssDsign	$114M	8.6x	-28.4x
Orchestra BioMed	$112M	34.1x	-1.7x
Bactiguard	$109M	4.5x	57.5x
electroCore	$109M	4.1x	-17.4x
Xtant Medical	$107M	0.9x	68.4x
Carmat	$103M	12.0x	-2.3x
4DMedical	$99.4M	25.5x	-5.2x
Emvision	$96.0M	13.1x	n/a
Sera Prognostics	$95.6M	159.2x	-2.7x
LENSAR	$91.7M	1.7x	-165.2x
CytoSorbents	$91.2M	2.3x	n/a
Outset Medical	$90.6M	0.8x	-1.3x
Creo Medical Group	$89.3M	2.4x	-3.5x
C-Rad	$88.8M	2.0x	11.5x
Quantum-Si	$88.2M	23.1x	-0.9x
Darya-Varia Laboratoria	$85.6M	n/a	n/a
PhotoCure	$84.9M	1.8x	16.2x
Harvard Bioscience	$83.9M	0.9x	16.0x
Rapid Micro Biosystems	$83.8M	2.9x	-1.8x
Optomed	$82.1M	5.1x	-27.2x
Owlet	$81.4M	1.1x	-20.4x
Fonar	$78.5M	n/a	n/a
Optiscan Imaging	$77.8M	n/a	n/a
BATM Advanced Communications	$77.5M	0.5x	7.8x
Affluent Medical	$73.0M	n/a	-5.1x
Anatolia Geneworks	$71.8M	n/a	n/a
Biosynex	$70.8M	n/a	n/a
Icecure Medical	$69.6M	17.1x	n/a
Accelerate Diagnostics	$67.9M	5.7x	n/a
Apyx Medical	$67.7M	1.4x	-5.0x
Sensus Healthcare	$67.3M	1.6x	7.9x
Median Technologies	$65.7M	2.7x	-2.9x
Senzime	$65.3M	10.5x	-7.5x
Monogram Technologies	$64.1M	n/a	-5.2x
HeartBeam	$62.6M	69.7x	n/a
Bioretec	$57.0M	11.2x	-12.7x
FluoGuide	$57.0M	n/a	-11.8x
Vivos	$53.6M	n/a	n/a
Renalytix	$52.1M	24.1x	n/a
Mentice	$47.6M	1.7x	21.4x
Nortech Systems	$46.8M	n/a	n/a
Sight Sciences	$44.2M	0.6x	-1.2x
Impedimed	$44.2M	5.0x	-4.8x
InspireMD	$44.0M	6.0x	-1.6x
Pheton Holdings	$43.1M	n/a	n/a
Envoy Medical	$42.7M	154.5x	n/a
Zomedica	$42.6M	1.5x	n/a
Biohit	$42.2M	2.8x	14.2x
Promimic	$38.6M	n/a	n/a
Vicarious Surgical	$38.2M	n/a	-0.8x
Painchek	$37.9M	n/a	n/a
Modular Medical	$37.8M	n/a	n/a
Susmed	$37.0M	13.0x	n/a
Modulight	$36.9M	7.6x	-7.2x
Daxor	$36.7M	n/a	n/a
NeuroOne Medical	$34.7M	10.0x	n/a
Hyperfine	$33.4M	2.3x	-0.8x
Finemedix	$32.6M	3.7x	n/a
Integrum	$26.9M	3.0x	-10.5x
Allurion	$26.9M	0.8x	-0.7x
Iridex	$26.1M	n/a	n/a
AnteoTech	$25.7M	n/a	n/a
908 Devices	$23.6M	0.4x	-0.6x
Cambridge Cognition	$22.6M	1.7x	136.6x
WORK Medical Technology	$22.5M	n/a	n/a
Inspira Technologies	$18.5M	n/a	n/a
enVVeno Medical	$18.0M	28.3x	n/a
Pulsenmore	$18.0M	n/a	n/a
OraSure	$16.0M	0.1x	2.5x
SMAIO	$14.7M	2.3x	-15.5x
Biofrontera	$13.0M	n/a	n/a
BioRegenx	$12.7M	n/a	n/a
Bionano Genomics	$12.0M	0.4x	-0.2x
Eyenovia	$9.3M	4.8x	n/a
Lifeward	$9.1M	0.3x	n/a
Lucyd	$7.6M	2.1x	-1.1x
Polyrizon	$4.5M	n/a	n/a
Singular Genomics	-$12.6M	-2.5x	0.1x
Co-Diagnostics	-$12.8M	-3.4x	n/a
Perspective Therapeutics	-$77.0M	-60.0x	1.2x