Medical Devices and Diagnostics Stocks Scatter Chart

106 companies Industry group in Healthcare P/E vs Revenue Growth (1y) (TTM)
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P/E vs Revenue Growth (1y) (TTM)

Company Outlier, pinned to the edge Highlighted Trend

Each dot is one of the 106 Medical Devices and Diagnostics stocks, sized by market cap. The median Revenue Growth (1y) (TTM) is 8.7% and the median P/E 30.29. Pinned to the edge: 5 outliers on X and 6 on Y.

Rank correlation 0.15 Trend R² 0.01 X middle half 4.4% to 15.1% Y middle half 20.42 to 46.09
27High Revenue Growth (1y) (TTM), high P/E
26Low Revenue Growth (1y) (TTM), high P/E
27Low Revenue Growth (1y) (TTM), low P/E
26High Revenue Growth (1y) (TTM), low P/E

Quadrants split at the medians. Hover a dot for its true values; click to open the company. Outliers are more than 3× the interquartile range beyond the quartiles.

Companies

106 plotted
# Industry
1 JNJJohnson & Johnson 7.8% 41.20 $662.42B Pharmaceuticals
2 TMOThermo Fisher Scientific 8.3% 37.21 $262.26B Life Sciences Tools
3 ABTAbbott Laboratories 10.0% 38.71 $180.95B Medical Devices
4 DHRDanaher 4.6% 41.75 $166.58B Life Sciences Tools
5 ISRGIntuitive Surgical 20.5% 52.96 $155.54B Medical Devices
6 MDTMedtronic 9.8% 23.76 $124.29B Medical Devices
7 MCKMckesson 8.8% 25.37 $114.41B Drug Distribution
8 TELTE Connectivity 15.2% 20.62 $64.50B Electrical Equipment
9 BSXBoston Scientific 8.9% 17.92 $61.85B Medical Devices
10 CAHCardinal Health 14.2% 34.57 $58.40B Drug Distribution
11 AMEAmetek 12.7% 36.59 $57.72B Industrial Machinery
12 EWEdwards Lifesciences 14.6% 54.15 $54.43B Medical Devices
13 BDXBecton Dickinson 17.4% 57.91 $54.02B Medical Supplies
14 AAgilent Technologies 8.6% 35.48 $51.08B Life Sciences Tools
15 IDXXIdexx Laboratories 12.8% 39.90 $45.43B Animal Health
16 ILMNIllumina 5.8% 48.94 $43.80B Life Sciences Tools
17 MTDMettler Toledo International 6.9% 38.18 $37.26B Industrial Machinery
18 RMDResmed 9.0% 23.09 $36.47B Medical Devices
19 ALCAlcon 8.5% 54.60 $34.70B Medical Devices
20 GEHCGE HealthCare Technologies 6.9% 16.04 $34.55B Diagnostic Equipment
21 IRIngersoll Rand 7.8% 32.49 $31.01B Pumps and Valves
22 DXCMDexcom 13.0% 30.22 $29.81B Medical Devices
23 WSTWest Pharmaceutical Services 12.6% 45.81 $29.02B Medical Supplies
24 PHGKoninklijke Philips 6.1% 13.96 $26.12B Diagnostic Equipment
25 STESteris 8.4% 28.15 $22.64B Medical Devices
26 FTVFortive 7.0% 30.35 $19.63B Industrial Machinery
27 ZBHZimmer Biomet Holdings 8.6% 23.23 $18.59B Medical Devices
28 RVTYRevvity 4.1% 77.87 $18.50B Life Sciences Tools
29 NDSNNordson 7.0% 33.03 $18.33B Industrial Machinery
30 IEXIdex 6.9% 32.94 $17.59B Pumps and Valves
31 HALOHalozyme Therapeutics 41.2% 37.20 $14.96B Biotechnology
32 SOLVSolventum -0.9% 10.06 $14.21B Medical Devices
33 FMSFresenius Medical Care AG -47.8%OUT 12.31 $12.91B Healthcare Services
34 PENPenumbra 17.0% 80.76 $12.69B Medical Devices
35 COOCooper Companies 4.7% 20.42 $11.47B Medical Devices
36 TECHBio-Techne -0.4% 62.36 $11.35B Life Sciences Tools
37 GMEDGlobus Medical 19.7% 20.92 $11.13B Medical Devices
38 ALGNAlign Technology 4.4% 26.57 $10.95B Dental
39 QGENQiagen 3.0% 26.74 $10.93B Life Sciences Tools
40 PODDInsulet 29.4% 28.16 $10.58B Medical Devices
41 MOG-AMoog 15.7% 30.52 $10.33B Defense
42 BIOBio-Rad Laboratories 1.4% 46.19 $10.27B Life Sciences Tools
43 DCIDonaldson 5.3% 21.77 $9.89B Industrial Machinery
44 HSICHenry Schein 6.5% 24.33 $9.67B Drug Distribution
45 HNGEHinge Health 49.8%OUT 85.98 $9.38B Telehealth
46 ATRAptargroup 9.0% 21.64 $8.32B Industrial Machinery
47 LNTHLantheus Holdings 2.3% 23.74 $6.55B Diagnostic Equipment
48 STVNStevanato Group S.p.A 14.8% 35.27 $6.14B Medical Supplies
49 NOVTNovanta 7.6% 100.38 $5.72B Industrial Machinery
50 MMSIMerit Medical Systems 9.1% 34.88 $5.59B Medical Devices
51 HAEHaemonetics 0.4% 56.45 $5.45B Medical Devices
52 MIRMirion Technologies 19.6% 155.97OUT $4.52B Nuclear Equipment
53 LIVNLivaNova 12.4% 23.69 $4.47B Medical Devices
54 ITGRInteger Holdings -0.3% 41.50 $4.30B Medical Devices
55 ICUIIcu Medical -9.0% 129.44OUT $4.22B Medical Devices
56 VCYTVeracyte 17.3% 36.44 $4.19B Diagnostic Labs
57 NVSTEnvista Holdings 11.9% 41.94 $3.95B Dental
58 CDNACareDx 38.9% 28.98 $3.75B Diagnostic Labs
59 OSISOsi Systems 2.9% 20.85 $3.27B Defense
60 IPGPIpg Photonics 13.0% 116.66 $3.22B Industrial Machinery
61 ATRCAtriCure 13.9% 288.16OUT $3.18B Medical Devices
62 SXIStandex International 12.8% 28.55 $2.99B Industrial Machinery
63 TMDXTransMedics 25.8% 15.30 $2.32B Medical Devices
64 UFPTUfp Technologies 7.3% 31.40 $2.27B Medical Devices
65 VCELVericel 23.0% 90.48 $2.20B Gene and Cell Therapy
66 INSPInspire Medical Systems 4.3% 15.19 $2.06B Medical Devices
67 EPACEnerpac Tool 5.7% 22.78 $2.02B Power Tools
68 LMATLemaitre Vascular 11.8% 29.68 $1.95B Medical Devices
69 OMCLOmnicell 5.6% 37.66 $1.68B Medical Devices
70 PCRXPacira BioSciences 5.7% 98.10 $1.45B Pharmaceuticals
71 CNMDConmed 1.6% 18.63 $1.36B Medical Devices
72 STAAStaar Surgical 51.3%OUT 330.84OUT $1.27B Medical Devices
73 BVSBioventus 3.1% 18.53 $1.25B Medical Devices
74 IRMDIradimed 11.2% 47.54 $1.10B Medical Devices
75 IARTIntegra Lifesciences Holdings 0.8% 76.30 $998.19M Medical Devices
76 THRMGentherm 8.8% 109.31 $987.64M Industrial Machinery
77 INMDInMode -6.7% 10.20 $855.98M Medical Devices
78 VREXVarex Imaging 5.3% 35.13 $777.21M Diagnostic Equipment
79 MLABMesa Laboratories 3.0% 156.78OUT $744.41M Life Sciences Tools
80 TCMDTactile Systems Technology 17.2% 22.17 $551.87M Medical Devices
81 DCTHDelcath Systems 35.8% 987.70OUT $507.07M Medical Devices
82 BWAYBrainsway 31.7% 47.73 $467.25M Medical Devices
83 MTLSMaterialise 9.5% 28.88 $427.65M Business Process Automation
84 VMDViemed Healthcare 25.2% 26.25 $378.98M Home Health and Senior Care
85 EMBCEmbecta -7.6% 4.38 $371.69M Medical Devices
86 INFUInfuSystem Holdings 2.5% 33.93 $287.56M Healthcare Services
87 RELLRichardson Electronics 13.9% 36.06 $268.76M Electrical Equipment
88 LABStandard Biotools -4.8% 2.85 $243.12M Life Sciences Tools
89 ELMDElectromed 15.3% 20.15 $230.49M Medical Devices
90 PROFProfound Medical 61.2%OUT 3.20 $214.08M Medical Devices
91 UTMDUtah Medical Products -7.0% 20.28 $212.62M Medical Devices
92 PDEXPro Dex 13.3% 16.42 $197.33M Medical Devices
93 JRSHJerash Holdings (US) 22.4% 15.79 $77.34M Apparel
94 LNSRLensar 3.3% 4.25 $73.32M Medical Devices
95 MDNCMedinotec -10.9% 98.45 $58.78M Medical Devices
96 JANLJanel 16.0% 10.42 $56.94M Logistics
97 APTAlpha Pro Tech 5.7% 13.34 $56.07M Building Products
98 VASOVaso 3.4% 20.43 $51.05M Medical Devices
99 SNWVSANUWAVE Health 12.7% 2.97 $45.33M Medical Devices
100 ELUTElutia -0.3% 0.78 $35.87M Medical Devices

Frequently Asked Questions

Which Medical Devices and Diagnostics stocks look cheap relative to their growth?

Among Medical Devices and Diagnostics stocks, the largest companies growing revenue faster than the median (8.7%) while trading below the median P/E (30.29) are Medtronic (MDT), Mckesson (MCK), TE Connectivity (TEL), Boston Scientific (BSX) and Resmed (RMD). A low multiple next to fast growth can be an opportunity or a sign the market doubts the growth will last.

Which Medical Devices and Diagnostics stocks are expensive for their growth?

The largest companies with a P/E above the median and revenue growth below it are Johnson & Johnson (JNJ), Thermo Fisher Scientific (TMO), Danaher (DHR), Agilent Technologies (A) and Illumina (ILMN).

What is the median P/E of Medical Devices and Diagnostics stocks?

The median P/E across the 106 Medical Devices and Diagnostics stocks plotted is 30.29, with the middle half between 20.42 and 46.09.

What is the median Revenue Growth (1y) (TTM) of Medical Devices and Diagnostics stocks?

The median is 8.7%, with the middle half between 4.4% and 15.1%.

Is there a relationship between Revenue Growth (1y) (TTM) and P/E for Medical Devices and Diagnostics stocks?

The rank correlation (Spearman) is 0.15, a weak positive relationship: companies with a higher Revenue Growth (1y) (TTM) tend to have a higher P/E.

How does this chart handle outliers?

A company whose value lies more than three interquartile ranges beyond the first or third quartile is treated as an outlier. By default it stays on the chart, pinned to the edge as an open marker, and its true value is shown in the tooltip and the table. In this view 5 companies are outliers on Revenue Growth (1y) (TTM) and 6 on P/E. You can switch to percentile clamping, exclude outliers, or plot raw values on a log scale.

Metrics from Business Quant's screener: trailing-twelve-month figures from SEC filings and multiples on the latest close. A company appears once even when it lists more than one share class. A company with a secondary business line in this industry group is included unless you choose primary industry only. Nothing on this page is investment advice.