Obermatt

ResMed

NYQ:RMD · US7611521078
Health Care Equipment & SuppliesX-Large

360

94
EV / EBIT78
Price / Owner Earnings61
Owner Earnings Yield95
Dividend Yield99
Price/Sales32
EV / Gross Profit31
Price/Book39
Return on Capital97
Cash Return on Capital97
Return on Equity93
EBIT Margin100
Gross Profitability60
Cash Conversion16
Accruals56
Owner Earnings Margin99
Sales growth53
Profit Growth91
Long-Term EPS Growth69
Owner Earnings Growth59
Reinvestment85
Price momentum37
Debt load77
Refinancing54
Debt Payback100
Liquidity100
Analyst ratings19
Opinion Changes54
Price Target Upside86
Market mood83
Value Creation12/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

ResMed clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryUSA
IndustryHealth Care Equipment & Supplies
SizeX-Large
TypePublic Company
ExchangeNYSE
Founded1994
Employees5,391
Websiteresmed.com
ISINUS7611521078
Last UpdateApr 2, 2026
Themes
MHealthSensorsHealth DiagnosticsChronic DiseasesSleep TechnologyDigital WellnessRespiratoryBiomedical EngineeringSoftware DevelopmentHealth CareManufacturing

Description

ResMed Inc. operates as a global leader in digital health and cloud-connected medical devices. The company designs innovative solutions to treat and keep people out of the hospital, empowering them to live healthier, higher-quality lives. The compan…

Analysis

Quality compounder

ResMed Inc. earns the quality_compounder label: good underlying economics priced fairly, with no obvious bargain or excess. Worth noting: the cash the business generates has lagged behind what the income statement shows.

On valuation, the picture is fair. The owner-earnings multiple stands at 17.6×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 5% a year, against analyst forecasts of 14%. The price, in other words, assumes less than the experts do.

Growth is moderate; the safety picture is sturdy. The company scores 12/20 on our value-creation score: creating some value.

Flags to be aware of: Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
100
2023202420252026

All-time high

100

Mar 2026

All-time low

39

Jan 2023

Average rank

90

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
32
24
34
27
Price/Earnings
32
54
48
42
Price/Book
39
32
38
37
Dividend Yield
99
92
88
89
Value (overall)
65
62
59
67

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →