Based on key financial metrics such as the price-to-sales ratio, shareholder yield and the price-earnings ratio, the following 6 stocks made the list for top value stocks in the Advanced Medical Equipment & Technology industry. Those looking for value stocks to add to their portfolio may want to use this list as a starting point for further investment research.

Latest Advanced Medical Equipment & Technology Stock News

Before choosing which top Advanced Medical Equipment & Technology stock to buy, be sure to conduct proper due diligence: analyze various financial metrics and look at historical data, public statements and news coverage.

We have a positive fundamental outlook for the life sciences tools & services (LSTS) sub-industry for the next year. In 2021, we expect adjusted EPS growth to rise by mid to high teens, reversing the subpar growth seen in 2020, assuming a healthier economic environment globally. We expect R&D spending to continue to improve during 2021 as we are seeing most of the clinical research that was put on hold resuming. We expect the increase in demand for Covid-19 testing and related products and services to remain until the pandemic is fully under control globally and continue to be a considerable tailwind for a number of LSTS companies. Risk factors we see are slower biopharma R&D spending growth and prolonged uncertainty in certain parts of the world due to Covid-19 as new variants of the virus emerged. The National Institutes of Health (NIH) budget has been growing over the last three years, increasing funding for academic and government labs. This in turn helps drive sales growth for many LSTS companies that supply these labs. The NIH budget for fiscal 2021 (Sep.) rose 3.0%, which is lower than 5.9% for fiscal 2020 and 5.4% growth for fiscal 2019. Yet, the NIH budget grew at a CAGR of 5.8% from 2016 through 2021, a sharp increase from the flat budget growth from 2012 through 2015. The Covid-19 pandemic had a considerable impact on the sub-industry in 2020 due to the moderation in biopharma R&D spending, disruptions in clinical sites accessibility, slowdown in patient enrollments for clinical studies, and a decline in the demand for large-scale life sciences equipment with investments delayed. Yet, we saw gradual improvement throughout 2020 and a solid recovery in Q1, as countries re-opened and operations resumed with a faster-thananticipated recovery in Asia (especially China) as a result of pent-up demand, in our view. Yet, despite the increased pace of Covid-19 vaccinations in the U.S., with the emergence of new more dangerous variants and the slower pace of vaccinations in the rest of the world, the speed and sustainability of the recovery remain unclear, in our view.

Why Focus on Undervalued Advanced Medical Equipment & Technology Stocks?

Value investors seek to buy stocks at a discount to their intrinsic value. Long-term returns show that such strategies are advantageous. Value stocks, as a group, tend to outperform growth stocks over extended periods of time. Typically, value investors perform financial analysis of numerous metrics, don’t follow the herd and are long-term investors.

AAII’s A+ Investor Value Grade is derived from a stock’s Value Score. The Value Score is the percentile rank of the average of the percentile ranks of the price-to-sales ratio, price-earnings ratio, enterprise-value-to-EBITDA (EV/EBITDA) ratio, shareholder yield, price-to-book-value ratio and price-to-free-cash-flow ratio. The score is variable, meaning it can consider all six ratios or, should any of the six ratios not be valid, the remaining ratios that are valid. To be assigned a Value Score, stocks must have a valid (non-null) ratio and corresponding ranking for at least two of the six valuation ratios.

What Goes Into AAII’s Value Grade?

Stock evaluation requires access to huge amounts of data as well as the knowledge and time to sift through it all, make sense of financial ratios, read income statements and analyze recent stock movement. AAII created A+ Investor, a robust data suite that condenses data research in an actionable and customizable way suitable for investors of all knowledge levels, to help investors with that task.

AAII’s proprietary stock grades come with A+ Investor. These offer intuitive A–F grades for more than just value. It is possible for a stock to appear cheap based on one valuation metric but appear expensive on another. It is also possible for one valuation ratio to be associated with outperforming stocks during certain periods of time but not others. Some stocks may even have null values for certain metrics like the price-earnings ratio or the price-to-book ratio but not others. An example of this would be a company with losses instead of profits or a negative book value because of heavy borrowing. Negative earnings or book value result in non-meaningful ratios that are left blank or null.

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6 Undervalued Advanced Medical Equipment & Technology Stocks

Of course, there are countless value stocks that are worth mentioning, but this is a concise list of the top 6 undervalued stocks in the Advanced Medical Equipment & Technology industry for Monday, January 02, 2023. Let’s take a closer look at their individual scores to see how they measure up against each other and the Advanced Medical Equipment & Technology industry median.

The Value Grade is assigned based on how each stock’s composite valuation compares to all other stocks.

The process for assigning grades starts with each variable for a given stock. The percentile rankings for all valid ratios that a stock has are calculated. So, for instance, a stock could have a price-to-book ranking in the 43rd percentile, a price-earnings ranking in the 67th percentile, a price-to-sales ranking in the 23rd percentile, etc. Then, those rankings are averaged for each stock. (A minimum of two valid variables are required, though all six will be used if available.)

Once the average of the individual variables is calculated, that average is ranked against all stocks. Put another way, each stock’s composite valuation is compared to all other stocks. These ranks are then sorted into quintiles from the cheapest 20% (a grade of A) to the most expensive 20% (a grade of F).

As always, we recommend that you conduct proper due diligence and research before investing in any security. We also suggest that investors utilize numerous grades, not just value, when it comes to deciding whether a company is a good fit for their allocation needs.

Allied Healthcare Products Inc’s Value Grade

Value Grade:

Allied Healthcare Products, Inc. manufactures a range of respiratory products used in the health care industry in a range of hospital and alternate site settings, including sub-acute care facilities, home health care and emergency medical care. Its product lines include respiratory care products, medical gas equipment and emergency medical products. Its respiratory care products are used in the treatment of acute and chronic respiratory disorders such as asthma, emphysema, bronchitis and pneumonia. Its respiratory care products include respiratory care/anesthesia products and home respiratory care products. Its medical gas equipment consists of hospitals, alternate care settings and surgery centers. Its medical gas equipment products include medical gas system construction products, medical gas system regulation devices, disposable oxygen and specialty gas cylinders and portable suction equipment. Its emergency medical products are used in the treatment of trauma-induced injuries.

Stocks with a Value Score from 81 to 100 are considered deep value, those with a score between 61 and 80 are value and so on.

Allied Healthcare Products Inc has a Value Score of 92, which is considered to be undervalued.

When you look at Allied Healthcare Products Inc’s price-to-sales ratio at 0.14 compared to the industry median at 3.76, this company has a lower price relative to revenue compared to its peers. This could make Allied Healthcare Products Inc’s stock more attractive for value investors.

Shareholder yield is the sum of a stock’s dividend yield (paid over previous 12 months minus special dividends) and the percentage of net share buybacks over the previous 12 months. Allied Healthcare Products Inc’s shareholder yield is lower than its industry median ratio of (3.6%). Value investors may look for an attractive shareholder yield because it can be a powerful tool for identifying if the company has a good management team.

As one of the most common value metrics, the price-to-book ratio evaluates a company’s current market price relative to its book value. Allied Healthcare Products Inc’s price-to-book ratio is lower than its industry median ratio of 1.69. This could make Allied Healthcare Products Inc more attractive to investors looking for a new addition to their portfolio.

Lastly, let’s take a look at Allied Healthcare Products Inc’s price-to-free-cash-flow ratio (P/FCF), which can indicate a company’s market value relative to its operating cash flow. Allied Healthcare Products Inc’s price-to-free-cash-flow ratio is lower than its industry median ratio of 23.7. This could make Allied Healthcare Products Inc more attractive because the lower P/FCF ratio indicates that Allied Healthcare Products Inc is undervalued. The P/FCF ratio metric can also be viewed over a long-term time frame to see if the company's cash flow to share price value is generally improving or worsening.

Dynatronics Corp’s Value Grade

Value Grade:

Dynatronics Corporation is a medical device company that is focused on providing restorative products. The Company designs, manufactures, and sells a range of products for clinical use in physical therapy, rehabilitation, pain management, and athletic training. The Company’s products include BODYICE cold pack wraps, DELUXE BODYICE, DYNAFLEX foam, DYNAFLEX spun lace, DYNAFLEX brown electrodes, DYNAGEL ultrasound gel, DYNAHEAT custom terry covers (foam filled), DYNAHEAT moist hot packs, DYNATRON 125 ultrasound, DYNATRON SOLARIS plus lead wires, and DYNATRON SOLARIS PLUS THERMOSTIM probe. Through its distribution channels, the Company markets and sells to orthopedists, physical therapists, chiropractors, athletic trainers, sports medicine practitioners, clinics, hospitals, and consumers. The Company products are marketed under a portfolio of brands, including Bird & Cronin, Solaris, Hausmann, Physician's Choice, and PROTEAM among others.

Stocks with a Value Score from 81 to 100 are considered deep value, those with a score between 61 and 80 are value and so on.

Dynatronics Corp has a Value Score of 83, which is considered to be undervalued.

Dynatronics Corp’s price-earnings ratio is 0.0 compared to the industry median at 22.7. This means that it has a lower price relative to its earnings compared to its peers. This makes Dynatronics Corp more attractive for value investors.

Dynatronics Corp’s price-to-book ratio is higher than its peers. This could make Dynatronics Corp less attractive for value investors when compared to the industry median at 1.69.

You can read more about Dynatronics Corp’s key financial metrics like shareholder yield, price-to-free-cash-flow and EV/EBITDA ratio, or learn more about its Momentum and Growth Grades, by subscribing to A+ Investor.

Hyperfine Inc’s Value Grade

Value Grade:

Hyperfine, Inc. is a medical device company. The Company provides a portable Swoop system, which is a bedside Magnetic resonance imaging (MRI) system. The Company designed Swoop to enable rapid diagnoses and treatment for every patient regardless of resources, or location. The Swoop portable magnetic resonance imaging system produces images at a low magnetic field strength, allowing clinicians to quickly scan, diagnose, and treat patients in various clinical settings. Swoop can be wheeled directly to the patient’s bedside, plugged into a standard electrical wall outlet, and controlled by an iPad. Swoop captures images in minutes, providing critical decision-making capabilities in emergency departments, operating rooms outside the sterile field and intensive care units, among others. The Company's Liminal platform is being developed to aid in the diagnosis and management of brain disorders.

Stocks with a Value Score from 81 to 100 are considered deep value, those with a score between 61 and 80 are value and so on.

Hyperfine Inc has a Value Score of 71, which is considered to be undervalued.

Hyperfine Inc’s price-earnings ratio is 0.0 compared to the industry median at 22.7. This means that it has a lower price relative to its earnings compared to its peers. This makes Hyperfine Inc more attractive for value investors.

Hyperfine Inc’s price-to-book ratio is higher than its peers. This could make Hyperfine Inc less attractive for value investors when compared to the industry median at 1.69.

You can read more about Hyperfine Inc’s key financial metrics like shareholder yield, price-to-free-cash-flow and EV/EBITDA ratio, or learn more about its Momentum and Growth Grades, by subscribing to A+ Investor.

Medigus Ltd - ADR’s Value Grade

Value Grade:

Medigus is a Israel-based medical device company specializing in developing minimally invasive endosurgical tools and imaging solutions across medical and industrial applications. The Company developed a range of micro video cameras underr micro ScoutCam portfolio of products and the Medigus Ultrasonic Surgical Endostapler, or MUSE system endoscopic device for the treatment of gastroesophageal reflux disease (GERD)

Stocks with a Value Score from 81 to 100 are considered deep value, those with a score between 61 and 80 are value and so on.

Medigus Ltd - ADR has a Value Score of 76, which is considered to be undervalued.

Medigus Ltd - ADR’s price-earnings ratio is 0.0 compared to the industry median at 22.7. This means that it has a lower price relative to its earnings compared to its peers. This makes Medigus Ltd - ADR more attractive for value investors.

Medigus Ltd - ADR’s price-to-book ratio is higher than its peers. This could make Medigus Ltd - ADR less attractive for value investors when compared to the industry median at 1.69.

You can read more about Medigus Ltd - ADR’s key financial metrics like shareholder yield, price-to-free-cash-flow and EV/EBITDA ratio, or learn more about its Momentum and Growth Grades, by subscribing to A+ Investor.

Invivo Therapeutics Holdings Corp’s Value Grade

Value Grade:

InVivo Therapeutics Holdings Corp. is a research and clinical-stage biomaterials and biotechnology company with a focus on the treatment of spinal cord injuries (SCIs). The Company's Neuro-Spinal Scaffold implant is an investigational bioresorbable polymer scaffold that is designed for implantation at the site of injury within a spinal cord. It is intended to promote appositional, or side-by-side, healing by supporting the surrounding tissue after injury, minimizing the expansion of areas of necrosis, and providing a biomaterial substrate for the body's own healing/repair processes following injury. It is composed of two biocompatible and bioresorbable polymers that are cast to form a porous investigational product: Poly lactic-co-glycolic acid and Poly-L-Lysine. Poly lactic-co-glycolic acid is a polymer that is used in resorbable sutures and provides biocompatible support for Neuro-Spinal Scaffold implants and Poly-L-Lysine is a positively charged polymer used to coat surfaces.

Stocks with a Value Score from 81 to 100 are considered deep value, those with a score between 61 and 80 are value and so on.

Invivo Therapeutics Holdings Corp has a Value Score of 92, which is considered to be undervalued.

Invivo Therapeutics Holdings Corp’s price-to-book ratio is higher than its peers. This could make Invivo Therapeutics Holdings Corp less attractive for value investors when compared to the industry median at 1.69.

You can read more about Invivo Therapeutics Holdings Corp’s key financial metrics like shareholder yield, price-to-free-cash-flow and EV/EBITDA ratio, or learn more about its Momentum and Growth Grades, by subscribing to A+ Investor.

Precipio Inc’s Value Grade

Value Grade:

Precipio, Inc. is a healthcare solutions company that is focused on cancer diagnostics. The Company is focused on developing various technologies including IV-Cell, HemeScreen and ICE-COLD-PCR (ICP). The IV-Cell is a cell culture media that addresses the problem of selective and serial culturing. IV-Cell is a media that enables culturing of all four hematopoietic cell lineages, which include myeloid cells, B-cells, T-cells and plasma cells. The diagnostic process of hematopoietic diseases involves chromosomal analysis by conducting cell-culture-based tests in a cytogenetics laboratory to imitate in-vivo conditions. HemeScreen technology was developed by the Company targeting Myeloproliferative Neoplasms (MPN), which has evolved into a suite of robust genetic diagnostic panels. ICP technology was developed at Harvard and is licensed exclusively by Dana-Farber. Its laboratory and research and development (R&D;) facilities are located in New Haven, Connecticut and Omaha.

Stocks with a Value Score from 81 to 100 are considered deep value, those with a score between 61 and 80 are value and so on.

Precipio Inc has a Value Score of 75, which is considered to be undervalued.

Precipio Inc’s price-earnings ratio is 0.0 compared to the industry median at 22.7. This means that it has a lower price relative to its earnings compared to its peers. This makes Precipio Inc more attractive for value investors.

Precipio Inc’s price-to-book ratio is higher than its peers. This could make Precipio Inc less attractive for value investors when compared to the industry median at 1.69.

You can read more about Precipio Inc’s key financial metrics like shareholder yield, price-to-free-cash-flow and EV/EBITDA ratio, or learn more about its Momentum and Growth Grades, by subscribing to A+ Investor.

Other Advanced Medical Equipment & Technology Stock Grades

Value is just one of the five Stock Grades included in our A+ Investor service. AAII members can see the top-graded stocks—those with grades of A or B for value, growth, momentum, earnings estimate revisions and quality—on the A+ Stock Grades Screener.

Also, if you want full access to all of AAII’s premium services, you can subscribe to one convenient bundled plan called AAII Platinum where you can try out A+ Investor, AAII Dividend Investing, the Stock Superstars Report, Growth Investing and VMQ Stocks. With the other premium services, you can dive deep into additional metrics, portfolios, commentary and information about Advanced Medical Equipment & Technology stocks as well as other industrys.

Choosing Which of the 6 Best Advanced Medical Equipment & Technology Stocks Is Right for You

Choosing which value stocks to invest in will ultimately depend on your individual goals and allocation; however, comparing similar value stocks in the same industry can help you analyze which might be better investments for you in the long run. So, let’s take a look at the Value Grade for all of our stocks.

• Allied Healthcare Products Inc stock has a Value Grade of A.
• Dynatronics Corp stock has a Value Grade of A.
• Hyperfine Inc stock has a Value Grade of B.
• Medigus Ltd - ADR stock has a Value Grade of B.
• Invivo Therapeutics Holdings Corp stock has a Value Grade of A.
• Precipio Inc stock has a Value Grade of B.

Now that you have a bit more background about each of the 6 undervalued stocks in the Advanced Medical Equipment & Technology industry as well as their overall grades, it’s time for you to conduct additional research to see if these could fit your portfolio needs based on your goals and risk tolerance. AAII can help you figure out both and identify which investments align with what works best for you.

We do so through a program of education that teaches you to invest for yourself and become an effective manager of your own wealth—no more relying on others for your financial independence. You can rely on AAII for timeless articles on financial planning and stock-picking, unbiased research and actionable analysis that makes you a better investor.

A+ Investor adds to that qualitative teaching by giving you a powerful data suite that helps you whittle down investment decisions to find stocks, exchange-traded funds (ETFs) or mutual funds that meet your needs.

Additional Resources About Advanced Medical Equipment & Technology Stocks

Want to learn more about Advanced Medical Equipment & Technology stocks to see if they could be the right investment for you? Check out some additional resources and articles to help you on your financial journey.

• 6 Undervalued Advanced Medical Equipment & Technology Stocks for Monday, January, 02
• Which Is a Better Investment, Bruker Corporation or Intuitive Surgical, Inc. Stock?
• 3 Undervalued Advanced Medical Equipment & Technology Stocks for Friday, December, 30
• 7 Undervalued Advanced Medical Equipment & Technology Stocks for Thursday, December, 29

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