Globus Medical, Inc.

NYSE:GMED Stock Report

Market Cap: US$8.2b

Globus Medical Valuation

Is GMED undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of GMED when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

US$10.08
Fair Value
499.8% overvalued intrinsic discount
10
Number of Analysts

Below Fair Value: GMED ($60.48) is trading above our estimate of fair value ($10.08)

Significantly Below Fair Value: GMED is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for GMED?

Key metric: As GMED is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for GMED. This is calculated by dividing GMED's market cap by their current earnings.
What is GMED's PE Ratio?
PE Ratio22.9x
EarningsUS$356.65m
Market CapUS$8.17b

Price to Earnings Ratio vs Peers

How does GMED's PE Ratio compare to its peers?

The above table shows the PE ratio for GMED vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average61.2x
PEN Penumbra
67.6x19.34%US$10.0b
TFX Teleflex
30.1x28.17%US$5.8b
TMDX TransMedics Group
55x21.51%US$3.9b
PODD Insulet
92.2x23.87%US$21.8b
GMED Globus Medical
22.9x11.62%US$8.2b

Price-To-Earnings vs Peers: GMED is good value based on its Price-To-Earnings Ratio (22.9x) compared to the peer average (61.2x).

Price to Earnings Ratio vs Industry

How does GMED's PE Ratio compare vs other companies in the US Medical Equipment Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
BDMD Baird Medical Investment Holdings
4.4xn/aUS$54.76m
MHUA Meihua International Medical Technologies
1.3xn/aUS$12.35m
PAVM PAVmed
0.1x-173.85%US$9.25m
No more companies available in this PE range
GMED 22.9xIndustry Avg. 31.1xNo. of Companies8PE020406080100+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: GMED is good value based on its Price-To-Earnings Ratio (22.9x) compared to the US Medical Equipment industry average (31.1x).

Price to Earnings Ratio vs Fair Ratio

What is GMED's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

GMED PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio22.9x
Fair PE Ratio24.4x

Price-To-Earnings vs Fair Ratio: GMED is good value based on its Price-To-Earnings Ratio (22.9x) compared to the estimated Fair Price-To-Earnings Ratio (24.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst GMED forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$60.48
US$80.30
+32.77%
16.77%US$106.00US$65.00n/a10
Sep ’26US$61.27
US$82.55
+34.72%
17.78%US$106.00US$65.00n/a11
Aug ’26US$52.64
US$83.00
+57.67%
16.48%US$105.00US$65.00n/a11
Jul ’26US$60.20
US$85.17
+41.47%
13.77%US$105.00US$68.00n/a12
Jun ’26US$59.18
US$85.17
+43.91%
13.77%US$105.00US$68.00n/a12
May ’26US$71.11
US$97.46
+37.06%
8.61%US$115.00US$80.00n/a13
Apr ’26US$73.39
US$98.08
+33.64%
7.83%US$115.00US$82.00n/a13
Mar ’26US$80.32
US$98.69
+22.87%
6.70%US$115.00US$90.00n/a13
Feb ’26US$92.72
US$97.85
+5.53%
7.48%US$115.00US$85.00n/a13
Jan ’26US$82.71
US$94.23
+13.93%
9.00%US$115.00US$80.00n/a13
Dec ’25US$85.61
US$90.54
+5.76%
7.76%US$100.00US$80.00n/a13
Nov ’25US$74.88
US$79.54
+6.22%
12.63%US$100.00US$55.00n/a13
Oct ’25US$70.40
US$79.31
+12.65%
12.69%US$100.00US$55.00US$58.6613
Sep ’25US$72.70
US$79.31
+9.09%
12.69%US$100.00US$55.00US$61.2713
Aug ’25US$70.10
US$72.69
+3.70%
11.45%US$85.00US$55.00US$52.6413
Jul ’25US$67.92
US$71.00
+4.53%
12.07%US$85.00US$55.00US$60.2013
Jun ’25US$67.11
US$70.54
+5.11%
11.97%US$85.00US$55.00US$59.1813
May ’25US$50.43
US$64.89
+28.66%
14.20%US$83.00US$55.00US$71.1114
Apr ’25US$53.13
US$65.31
+22.92%
14.44%US$83.00US$55.00US$73.3913
Mar ’25US$54.45
US$65.75
+20.75%
14.73%US$83.00US$55.00US$80.3212
Feb ’25US$52.48
US$64.75
+23.38%
16.09%US$83.00US$53.00US$92.7212
Jan ’25US$53.29
US$64.83
+21.66%
16.47%US$86.00US$53.00US$82.7112
Dec ’24US$46.01
US$63.58
+38.19%
16.36%US$86.00US$53.00US$85.6112
Nov ’24US$45.99
US$66.58
+44.78%
13.76%US$86.00US$55.00US$74.8812
Oct ’24US$49.65
US$66.36
+33.66%
9.90%US$77.00US$58.00US$70.4011
US$80.3
Fair Value
24.7% undervalued intrinsic discount
10
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/05 04:46
End of Day Share Price 2025/10/03 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Globus Medical, Inc. is covered by 28 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ishan MajumdarBaptista Research
Matthew MiksicBarclays
Travis SteedBofA Global Research