TransMedics Group, Inc.

TMDX Healthcare Medical Devices

TransMedics Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $605.5 million, up 37.1% from fiscal 2024.

Revenue
+41.2%
EPS
−31.0%
Free cash flow
−55.4%
Total debt
−89.3%

Quarter to September 2026, against a year earlier

85.47 16.49 +23.91%
Market cap
$2.4B
P/E
16.4×
Fwd P/E
49.4×
Dividend yield
—
F-score
7/9
Altman Z
5.32
Beneish M
−1.32
Dividend safety
n/a

TransMedics Group, Inc. (TMDX) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, TransMedics Group, Inc. (TMDX) trades at a P/B ratio of 4.3×. Over the past ten years it has ranged from 0.0× (June 2019) to 30.9× (June 2024); the current reading is higher than 11% of that period. That is above the Medical Devices industry median of 2.5× and above the Healthcare sector median of 2.3×.

P/B ratio, daily

Embed this chart

Annual newest first

Period P/B ratio Change
FY2025 8.7× (3.56%)
FY2024 9.1× (50.21%)
FY2023 18.2× 102.05%
FY2022 9.0× 15.52%
FY2021 7.8× 64.81%
FY2020 4.7× (4.24%)
FY2019 4.9× —
FY2018 0.0× —
FY2017 0.0× —
FY2016 0.0× —

Quarterly newest first

Period P/B ratio Change
Sep 2026 5.3× 18.57%
Jun 2026 4.4× (35.92%)
Mar 2026 6.9× (20.84%)
Dec 2025 8.7× (18.88%)
31 more quarters

Against its own ten years

Low 0.0× High 30.9×
Ten-year median 9.7×
Current reading's percentile 9

P/B ratio against peers

Company P/B ratio
NEOG Neogen Corporation compare 1.2×
INSP Inspire Medical Systems, Inc. compare 2.3×
TMDX TransMedics Group, Inc. 4.3×
NVCR NovoCure Limited compare 4.5×
UFPT UFP Technologies, Inc. compare 5.0×
AXGN AxoGen, Inc. compare 5.4×
ALMR Alamar Biosciences, Inc. compare 6.2×
BFLY Butterfly Network, Inc. compare 8.8×
ESTA Establishment Labs Holdings Inc. compare 89.6×
Medical Devices industry median 2.5×
Healthcare sector median 2.3×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

More on TMDX