Medical Devices Stocks Scatter Chart

72 companies Industry 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 72 Medical Devices stocks, sized by market cap. The median Revenue Growth (1y) (TTM) is 9.4% and the median P/E 31.34. Pinned to the edge: 4 outliers on X and 3 on Y.

Rank correlation 0.19 Trend R² 0.01 X middle half 5.4% to 15.9% Y middle half 20.59 to 52.28
19High Revenue Growth (1y) (TTM), high P/E
17Low Revenue Growth (1y) (TTM), high P/E
19Low Revenue Growth (1y) (TTM), low P/E
17High 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

72 plotted
# Industry
1 JNJJohnson & Johnson 7.8% 39.87 $641.74B Pharmaceuticals
2 ABTAbbott Laboratories 8.1% 33.60 $182.26B Medical Devices
3 ISRGIntuitive Surgical 20.5% 53.34 $157.75B Medical Devices
4 MDTMedtronic 9.8% 23.17 $121.22B Medical Devices
5 SYKStryker 8.5% 31.52 $117.53B Medical Devices
6 BSXBoston Scientific 13.5% 18.24 $67.04B Medical Devices
7 TELTE Connectivity 16.5% 20.65 $62.28B Electrical Equipment
8 AMEAmetek 12.7% 35.29 $55.62B Industrial Machinery
9 BDXBecton Dickinson 17.4% 57.24 $53.87B Medical Supplies
10 EWEdwards Lifesciences 14.6% 51.93 $52.18B Medical Devices
11 RMDResmed 9.9% 24.21 $36.88B Medical Devices
12 ALCAlcon 8.5% 53.70 $34.53B Medical Devices
13 GEHCGE HealthCare Technologies 6.5% 16.42 $32.60B Diagnostic Equipment
14 DXCMDexcom 15.5% 30.04 $30.03B Medical Devices
15 WSTWest Pharmaceutical Services 12.4% 49.47 $27.94B Medical Supplies
16 PHGKoninklijke Philips 6.1% 13.66 $25.18B Diagnostic Equipment
17 STESteris 8.4% 27.84 $22.41B Medical Devices
18 ZBHZimmer Biomet Holdings 8.6% 23.21 $18.72B Medical Devices
19 FTVFortive 5.6% 34.57 $18.47B Industrial Machinery
20 NDSNNordson 7.0% 32.31 $17.94B Industrial Machinery
21 IEXIdex 7.3% 32.91 $17.10B Pumps and Valves
22 HALOHalozyme Therapeutics 41.2% 36.29 $15.01B Biotechnology
23 SOLVSolventum -0.9% 10.35 $14.84B Medical Devices
24 FMSFresenius Medical Care AG -47.8%OUT 12.11 $13.25B Healthcare Services
25 PENPenumbra 17.6% 79.65 $12.79B Medical Devices
26 COOCooper Companies 4.7% 20.68 $11.79B Medical Devices
27 MOG-AMoog 15.7% 30.09 $11.35B Defense
28 GMEDGlobus Medical 19.7% 20.65 $11.05B Medical Devices
29 PODDInsulet 29.4% 27.55 $10.34B Medical Devices
30 HNGEHinge Health 49.8%OUT 82.08 $8.81B Telehealth
31 ATRAptargroup 8.9% 22.32 $8.09B Industrial Machinery
32 NOVTNovanta 7.6% 95.72 $5.91B Industrial Machinery
33 MMSIMerit Medical Systems 10.2% 38.63 $5.62B Medical Devices
34 HAEHaemonetics 0.4% 56.23 $5.41B Medical Devices
35 STVNStevanato Group S.p.A 14.8% 34.48 $5.41B Medical Supplies
36 LIVNLivaNova 12.4% 23.49 $4.43B Medical Devices
37 ITGRInteger Holdings 2.7% 33.52 $4.30B Medical Devices
38 ICUIIcu Medical -9.0% 127.38 $4.15B Medical Devices
39 IPGPIpg Photonics 13.0% 112.35 $3.10B Industrial Machinery
40 ATRCAtriCure 13.9% 281.45OUT $2.97B Medical Devices
41 TMDXTransMedics 25.8% 16.06 $2.44B Medical Devices
42 UFPTUfp Technologies 7.3% 31.16 $2.25B Medical Devices
43 VCELVericel 23.0% 90.76 $2.20B Gene and Cell Therapy
44 INSPInspire Medical Systems 4.3% 15.19 $2.05B Medical Devices
45 LMATLemaitre Vascular 11.8% 29.31 $1.92B Medical Devices
46 BLFSBiolife Solutions 25.4% 32.54 $1.89B Life Sciences Tools
47 OMCLOmnicell 8.5% 43.19 $1.69B Medical Devices
48 PCRXPacira BioSciences 5.7% 98.10 $1.44B Pharmaceuticals
49 CNMDConmed 3.4% 25.40 $1.44B Medical Devices
50 STAAStaar Surgical 51.3%OUT 303.84OUT $1.17B Medical Devices
51 IRMDIradimed 11.2% 46.90 $1.08B Medical Devices
52 BVSBioventus 3.1% 18.37 $1.00B Medical Devices
53 IARTIntegra Lifesciences Holdings 0.8% 72.05 $937.54M Medical Devices
54 INMDInMode -6.7% 10.37 $887.73M Medical Devices
55 THRMGentherm 8.8% 97.23 $878.45M Industrial Machinery
56 MDXGMimedx -2.4% 91.32 $569.75M Medical Devices
57 TCMDTactile Systems Technology 17.2% 21.32 $530.18M Medical Devices
58 DCTHDelcath Systems 35.8% 978.26OUT $520.43M Medical Devices
59 MTLSMaterialise 10.2% 33.28 $512.11M Business Process Automation
60 BWAYBrainsway 31.7% 44.59 $423.57M Medical Devices
61 EMBCEmbecta -7.6% 4.54 $397.66M Medical Devices
62 UTMDUtah Medical Products -7.0% 22.30 $233.86M Medical Devices
63 ELMDElectromed 15.3% 19.44 $219.71M Medical Devices
64 PROFProfound Medical 61.2%OUT 3.04 $202.47M Medical Devices
65 PDEXPro Dex 16.4% 14.53 $198.49M Medical Devices
66 LNSRLensar 3.3% 4.26 $73.54M Medical Devices
67 MDNCMedinotec -10.9% 98.45 $58.78M Medical Devices
68 VASOVaso 3.4% 20.43 $51.04M Medical Devices
69 SNWVSANUWAVE Health 12.7% 2.86 $43.69M Medical Devices
70 NEPHNephros 24.2% 22.51 $39.08M Medical Devices
71 ELUTElutia -0.3% 0.78 $35.82M Medical Devices
72 ESMCEscalon Medical 5.7% 0.67 $1.26M Medical Devices

Frequently Asked Questions

Which Medical Devices stocks look cheap relative to their growth?

Among Medical Devices stocks, the largest companies growing revenue faster than the median (9.4%) while trading below the median P/E (31.34) are Medtronic (MDT), Boston Scientific (BSX), TE Connectivity (TEL), Resmed (RMD) and Dexcom (DXCM). A low multiple next to fast growth can be an opportunity or a sign the market doubts the growth will last.

Which Medical Devices 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), Abbott Laboratories (ABT), Stryker (SYK), Alcon (ALC) and Fortive (FTV).

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

The median P/E across the 72 Medical Devices stocks plotted is 31.34, with the middle half between 20.59 and 52.28.

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

The median is 9.4%, with the middle half between 5.4% and 15.9%.

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

The rank correlation (Spearman) is 0.19, 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 4 companies are outliers on Revenue Growth (1y) (TTM) and 3 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 is included unless you choose primary industry only. Nothing on this page is investment advice.