CONMED Corporation (CNMD) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of CONMED Corporation $34.56, price $45.80, upside -24.5%, quality 53 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? Yes
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CONMED Corporation
CNMD · USOvervalued / MonitorQuality is not strong enough to offset the price risk.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range $32.11 – $151.17 · fair‑value band $22.71 – $52.84 · the $45.80 price screens above the $34.56 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 3 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 23, 2026.
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Company profile
CONMED Corporation, a medical technology company, develops, manufactures, and sells devices and equipment for surgical procedures.
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CONMED Corporation, a medical technology company, develops, manufactures, and sells devices and equipment for surgical procedures. The company offers orthopedic surgery products, including BioBrace, TruShot with Y-Knot All-In-One Soft Tissue Fixation System, Y-knot All-Suture Anchors, and Agro Knotless Suture Anchors, which provide clinical solutions to orthopedic surgeons for the augmentation and repair of soft tissue injuries, as well as supporting products include powered resection instruments , fluid management, and visualization systems and the related single-use products that enable surgeons to perform minimally invasive sports medicine surgeries. It also provides battery-powered, autoclavable, large, and small bone power tool systems for use in orthopedic, arthroscopic, oral/maxillofacial, podiatric, spinal, and cardiothoracic surgeries under the Hall surgical brand name. In addition, the company offers general surgery products, such as clinical insufflation systems under the AirSeal brand; smoke removal devices under the Buffalo Filter brand; endomechanical products, including the Anchor1 line of tissue retrieval bags, trocars, suction irrigation devices, graspers, scissors, and dissectors, used in minimally invasive surgeries; and electrosurgical solution comprise monopolar and bipolar generators, argon beam coagulation generators, handpieces, smoke management systems, and other accessories. Further, it provides endoscopic technologies, including therapeutic and diagnostic products for use in gastroenterology procedures, and products to treat diseases of dilation, hemostasis, biliary, stricture management, infection prevention, and patient monitoring include ECG electrodes, EEG electrodes, and cardiac defibrillation pads. It markets its products directly to hospitals, surgery centers, and other healthcare institutions, as well as through medical specialty distributors. The company was incorporated in 1970 and is headquartered in Largo, Florida.
Stock analysis
CONMED Corporation (CNMD) currently trades at $45.80, while our model-based Fair Value estimate is $34.56, implying the stock looks roughly 32.5% overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of $46.28 per share, and 8 of the 26 models we run sit above the $45.80 price.
Bear case: the Economic Profit group reads lowest at $9.00, and 18 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: $22.71 (bear) to $52.84 (bull), the price of $45.80 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 53/100 (solid quality), in the Healthcare sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
CONMED Corporation reported revenue of $1.4B in FY2025 versus $1.0B in FY2021, a compound +8.0%/yr. Reported net income was $47.1M in FY2025, compounding −6.9%/yr from FY2021.
Key figures
Market cap $1.4B · P/E ratio 25.9 · P/S ratio 0.89 · EPS (TTM) $1.77 · Dividend yield 0.9% · Net margin 3.4% · Return on equity 5.5% · Return on assets (EBIT) 5.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 43 out of 100 (low confidence).
What moves the price
The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat.
The share trades about 12% below its 52-week high and 43% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Healthcare peers we cover trades at 5% fair-value upside, at −25%, CNMD screens richer than that median.
Fair Value models
All 26 models by family
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Set up alert →Quality Score breakdown
Of which business quality 52 · Market factors (momentum, volatility) 56
Revenue & earnings trend
Growth Forecast
CNMD screens 33% overvalued. Compare with Abbott Laboratories, →
Compare CONMED Corporation with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Medical Devices · 361 stocks
Valuation Multiplesvs Medical Devices median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Health Care sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Medical Devices stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Abbott Laboratories, ABT | $103.69 | $74.79 | −28% |
| Stryker Corporation SYK | $275.09 | $302.60 | +10% |
| Medtronic plc MDT | $90.77 | $65.57 | −28% |
| Boston Scientific Corporation BSX | $44.92 | $49.41 | +10% |
| Edwards Lifesciences Corporation EW | $88.78 | $82.04 | −8% |
| Siemens Healthineers AG SHL | €37.43 | €35.22 | −6% |
| DexCom, Inc DXCM | $89.53 | $98.48 | +10% |
| GE HealthCare Technologies Inc GEHC | $66.27 | $69.62 | +5% |
| Shenzhen Mindray Bio-Medical Electronics Co 300760 | ¥156.68 | ¥172.35 | +10% |
| Koninklijke Philips N.V PHIA | €21.85 | €15.32 | −30% |
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Key figures of CONMED Corporation
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