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ConmedFRA:EC8 81 Debt-to-Equity is 0.80 as of Jun. 2026, which is 17% below its 10-year median of 0.96. GuruFocus rates FRA:EC8 with a GF Score™ of 81/100 and a GF Value™ of €57.51 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 700 Medical Devices & Instruments companies, Conmed ranks worse than 81.29% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Conmed's Debt-to-Equity or its related term are showing as below:
FRA:EC8'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.69 Med: 0.96 Max: 1.46
Current: 0.8
During the past 13 years, the highest Debt-to-Equity Ratio of Conmed was 1.46. The lowest was 0.69. And the median was 0.96.
FRA:EC8's Debt-to-Equity is ranked worse than 81.29% of 700
companies
in the Medical Devices & Instruments industry
Industry Median: 0.23
vs FRA:EC8: 0.80
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Conmed Debt-to-Equity Related Terms
Conmed Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Conmed's Debt-to-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
FRA:EC8 vs ATEC, AORT, IRMD: Debt-to-Equity Comparison
For the Medical Devices subindustry, Conmed's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Conmed Debt-to-Equity vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Conmed's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Conmed's Debt-to-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Conmed (FRA:EC8) has a Debt-to-Equity of 0.80 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Conmed and its competitors. This is 17% below median its historical median of 0.96. Over the past decade, Conmed's Debt-to-Equity has ranged from 0.69 to 1.46. According to the industry distribution chart, Conmed ranks #569 out of 700 companies in the Medical Devices & Instruments industry, placing it in the top 81.3%.
Is Conmed's Debt-to-Equity too high?
Conmed's current Debt-to-Equity of 0.80 is 17% below median its 10-year median of 0.96. Over the past 10 years, this metric has ranged from a low of 0.69 to a high of 1.46. The Medical Devices & Instruments industry median Debt-to-Equity is 0.23. Conmed's value of 0.80 is 247.8% above this industry median. Based on the distribution chart, Conmed ranks #569 out of 700 companies in the Medical Devices & Instruments industry, which is in the bottom quartile relative to peers. Overall, Conmed has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Conmed's Debt-to-Equity compare to ATEC and AORT?
According to the Medical Devices & Instruments industry distribution chart, Conmed ranks #569 out of 700 companies for Debt-to-Equity. This places Conmed in the lower half of its industry. The industry median Debt-to-Equity is 0.23. Conmed's value of 0.80 is 247.8% above this benchmark. Historically, Conmed's own Debt-to-Equity has ranged from 0.69 to 1.46 over the past decade. While the company's 10-year median is 0.96 vs. the industry median of 0.23, Conmed has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Medical Devices & Instruments company?
The median Debt-to-Equity among Medical Devices & Instruments companies is 0.23, based on 700 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Conmed's current Debt-to-Equity of 0.80 is 247.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Conmed and its competitors. For the Medical Devices & Instruments industry, the median Debt-to-Equity is 0.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Conmed's current Debt-to-Equity is 0.80, which is 17% below median its own 10-year median of 0.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Conmed stock overvalued right now?
Based on GuruFocus' analysis, Conmed (FRA:EC8) is currently considered Modestly Undervalued. The stock's GF Value™ is €57.51, compared to a current price of €43.80 — trading 23.8% below its estimated fair value. The current Debt-to-Equity is 0.80, which is 17% below median its 10-year median of 0.96 and 247.8% above the Medical Devices & Instruments industry median of 0.23. Conmed's overall GF Score™ is 81/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Conmed (FRA:EC8), the current Debt-to-Equity is 0.80 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Conmed (FRA:EC8) Overvalued in 2026?
Based on GuruFocus' analysis, Conmed stock appears to be undervalued.
The current stock price of €43.80 is trading 23.8% below its estimated GF Value™ of €57.51.
GuruFocus considers Conmed to be Modestly Undervalued.
Key valuation signals for FRA:EC8:
Debt-to-Equity: 0.80 (17% below median its 10-year median of 0.96)
GF Value™: €57.51 vs. price of €43.80 (23.8% below fair value)
Industry Position: 247.8% above the Medical Devices & Instruments median (#569 of 700)
No single metric tells the full story. See the FRA:EC8 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Conmed Corp is a medical technology company that provides devices and equipment for surgical procedures. The company's products are used by surgeons and other healthcare professionals across specialties, including orthopedics, general surgery, gynecology, thoracic surgery, and gastroenterology. Geographically, the company operates in the United States, Europe, the Middle East & Africa, Asia Pacific, and the Americas, excluding the United States. The majority of revenue is generated from the United States.
81GF Score
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