Varex Imaging Valuation Multiples

Varex Imaging Overview

About Varex Imaging

Varex Imaging Corp Designs, manufactures, sells, and services X-ray imaging components, including X-ray tubes, detectors, ionization chambers, high-voltage connectors, software, collimators, generators, exposure control devices, and heat exchangers.. The company operates through two segments: Medical, the key revenue driver, providing X-ray imaging components and accessories for healthcare applications, and Industrial, which provides Linatron X-ray accelerators, X-ray tubes, flat panel detectors, high-voltage connectors, and coolers for non-medical use. Geographically, it generates the majority of its revenue from Europe, the Middle East, and Africa (EMEA), with the rest coming from the Americas and Asia Pacific.

Founded

2016

HQ

Employees

2.4K

Website

vareximaging.com

Sectors

Medical Imaging & DiagnosticsElectronic ComponentsHealthTechLongevity

Financials (LTM)

Revenue: $860M

EBITDA: $117M

EV

$773M

Valuation Multiples

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Varex Imaging Financials

Varex Imaging reported last 12-month revenue of $860M and EBITDA of $117M.

In the same LTM period, Varex Imaging generated $291M in gross profit, $117M in EBITDA, and had net loss of ($17M).

Varex Imaging P&L

In the most recent fiscal year, Varex Imaging reported revenue of $845M and EBITDA of $118M.

Varex Imaging expects next 12-month revenue of XXX and NTM EBITDA of XXX

Varex Imaging Stock Performance

Varex Imaging has current market cap of $503M, and enterprise value of $773M.

Varex Imaging's stock price is $12.01.

Varex Imaging Valuation Multiples

Varex Imaging trades at 0.9x EV/Revenue multiple, and 6.6x EV/EBITDA.

Varex Imaging Financial Valuation Multiples

As of April 20, 2026, Varex Imaging has market cap of $503M and EV of $773M.

Equity research analysts estimate Varex Imaging's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Varex Imaging has a P/E ratio of (30.1x).

Varex Imaging Margins & Growth Rates

Varex Imaging's revenue in the last 12 month grew by 4%.

Varex Imaging's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.1M for the same period.

Varex Imaging's rule of 40 is 17% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Varex Imaging's rule of X is 22% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Varex Imaging Public Comps

See public comps and valuation multiples for other Medical Imaging & Diagnostics and Electronic Components comps.

Varex Imaging M&A Activity

Varex Imaging acquired XXX companies to date.

Last acquisition by Varex Imaging was on XXXXXXXX, XXXXX. Varex Imaging acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Varex Imaging Investment Activity

Varex Imaging invested in XXX companies to date.

Varex Imaging made its latest investment on XXXXXXXX, XXXXX. Varex Imaging invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).