Is Shockwave Medical, Inc. overvalued or undervalued?

Jun 25 2025 09:08 AM IST
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As of October 5, 2023, Shockwave Medical, Inc. is considered attractive and undervalued with a price-to-earnings ratio of 25.4, compared to higher ratios of 32.8 for Medtronic and 28.6 for Boston Scientific, along with a return on equity of 15.2%.
As of 5 October 2023, Shockwave Medical, Inc. has moved from fair to attractive. The company is currently undervalued based on its financial metrics. Key ratios include a price-to-earnings ratio of 25.4, a price-to-sales ratio of 12.1, and a return on equity of 15.2%.

In comparison to its peers, Medtronic has a price-to-earnings ratio of 32.8, and Boston Scientific stands at 28.6. This suggests that Shockwave Medical offers a more favorable valuation relative to its competitors. Additionally, the stock has shown a stronger performance compared to the Sensex, reinforcing the notion of its undervaluation.
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