Medline Inc. (MDLN) Valuation — DCF, Graham & Comparables

Medline Inc. (MDLN) — Price $40.35 (closing price, November 4, 2026) — Healthcare — Medical - Instruments & Supplies — NASDAQ

Latest reported results:

Valuation dashboard for Medline Inc. (MDLN) with P/E 60.22, P/B 4.50, EV/EBITDA 18.3 and dividend yield 0.00%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Healthcare companies.

Medline Inc. is a global manufacturer of medical and surgical products, catering to a broad spectrum of healthcare providers. Their clientele includes hospitals, surgical centers, physician practices, post-acute care facilities, and nursing homes, both domestically and worldwide. The company's operations are divided into two primary divisions: the Medline Brand and Supply Chain Solutions.

Where would it trade at its usual multiples?

Versus its usual multiples: expensive · Current P/E 60.2× · Multiples range: $20.56 · $20.56.

At its sector median (30.7×) $21 (-49%). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.

Analysis Summary

Trailing-twelve-month margins: gross margin 25.2%, operating margin 5.7%, net margin 2.2%.

At $40.35 (closing price, November 4, 2026), MDLN trades at a P/E of 60.22 and an ROE of 6.06%. Market capitalisation stands at $35.4B, placing it among large-cap names.

Balance sheet quality for MDLN: debt-to-equity ratio of 0.00, current ratio of 4.04 over the last 12 months. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.

Valuation Ratios

P/E Ratio60.22
Price / Book4.50
EV / EBITDA18.3
Dividend Yield0.00%

Peer Comparison

SymbolCompanyMarket CapP/EP/BROE
MDLNMedline Inc.$35.4B60.224.506.1%
COOThe Cooper Companies, Inc.$12.2B21.991.506.9%
MMSIMerit Medical Systems, Inc.$5.4B34.073.119.7%
ICUIICU Medical, Inc.$4.3B146.292.011.4%
BDXBecton, Dickinson and Company$57.0B63.012.353.8%
SOLVSolventum Corporation$15.2B10.913.2329.0%
TFXTeleflex Incorporated$6.4B2.25-31.8%

Price

Price$40.35 (closing price, November 4, 2026)
Market Cap$35.4B
ExchangeNASDAQ
CountryUS

Profitability

Return on Equity6.06%
Return on Invested Capital3.68%
Return on Assets1.71%
Gross Margin25.16%
Operating Margin5.68%
Net Margin2.24%

Related companies: COO · MMSI · ICUI · BDX · SOLV · TFX

Explore sector: Healthcare · Medical - Instruments & Supplies

More sections of MDLN: Overview · Financials · Estimates · Technical · Ownership

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