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Medline Inc (MDLN) Fair Value & Analysis

Healthcare · US · Market cap $70.3B

MI Medline Inc logo Medline Inc MDLN · US
Price$34.51
Fair Value$30.15
Upside-12.6%
Quality44/100
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Healthy Growth
Thin margins · 3.3% net margin
generates free cash flow
Trails peers (3/12)
Narrow moat 38/100
Evidence: Medium Range $20.79 – $37.69 Share as image

Fair value as of: Jul 17, 2026

From 26 valuation models · updated 22 days ago

Share price −19.8% over the past month.

Below-average quality, and screening another 13% overvalued on our models.

What matters now

  • A fairly wide model range ($20.79 to $37.69) leaves room in how you read the outcome.
  • Our model range runs from $20.79 (bear) to $37.69 (bull), base $30.15. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 44/100 (below-average quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (8 months)

$49.99 $33.19 Fair Value $30.15 Dec 2025 Aug 2026

White line = price, green steps = our fair value per fiscal year. As of Jul 17, 2026.

How to read this chart

8‑month range $33.19 – $49.99 · fair‑value band $20.79 – $37.69 · the $34.51 price screens above the $30.15 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Jul 17, 2026.

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Analysis

Medline Inc (MDLN) currently trades at $34.51, while our model-based Fair Value estimate is $30.15, implying the stock looks roughly 12.6% overvalued today. We read business quality at 44/100 (below-average quality), in the Healthcare sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Medline Inc generated revenue of $29.1B at a net margin of 3.3%. Revenue grew 10.7% year over year. It earns a return on equity of 6.1%. Net debt stands at $10.6B. Fundamentals as of Jul 17, 2026

Our scenario range runs from $20.79 (bear case) to $37.69 (bull case); at $34.51, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 32% below its 52-week high and 5% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -43% fair-value upside, at -13%, MDLN screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Residual Income $11.42 $12.92 $21.78 76
Growth DCF $27.84 $45.37 $74.18 72
Gordon GGM $5.62 $11.69 $18.55 70
All 26 models by family
DCF Models
FCF DCF $27.83 $46.35 $77.29 38
Owner Earnings $23.03 $38.07 $63.19 31
5Y Revenue Exit $26.30 $43.28 $65.89 39
5Y EBITDA Exit $31.26 $53.21 $80.16 41
5Y P/E Exit $23.27 $37.23 $52.65 38
10Y Revenue Exit $25.81 $41.93 $65.63 36
10Y EBITDA Exit $29.85 $49.08 $77.23 37
10Y P/E Exit $24.62 $37.57 $54.87 35
Earnings-Based
Graham-Dodd $9.32 $38.70 $52.76 54
Lynch FV $9.78 $13.97 $18.16 50
PEG = 1.0 $9.78 $13.97 $18.16 46
EPV $24.71 $28.45 $31.72 59
Dividend Discount
Gordon GGM $5.62 $11.69 $18.55 70
DDM Multi-Stage $5.62 $9.86 $12.27 61
Multiples
P/E Multiple $20.56 $27.41 $34.27 63
P/S Multiple $17.48 $23.30 $29.13 58
P/B Multiple $17.48 $23.30 $29.13 55
EV/EBIT $37.61 $49.38 $61.15 53
EV/EBITDA $35.92 $47.12 $58.33 54
EV/Revenue $26.10 $36.30 $46.50 43
Asset-Based
NCAV (Graham) $6.35 $8.51 $12.70 50
Growth DCF
Growth DCF $27.84 $45.37 $74.18 72
Rev-Margin DCF $26.30 $42.98 $63.79 67
Economic Profit
Residual Income $11.42 $12.92 $21.78 76
ROIC Compounder $27.37 $35.37 $45.43 67
Growth Earnings
Growth-Adj P/E $16.28 $23.26 $30.23 68

Widest divergence: Growth DCF ($42.98) versus Asset-Based ($8.51). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) $29.1B
Revenue growth (YoY) +10.7%
Net margin 3.3%
Return on equity 6.1%
Free cash flow $1.7B FY2025
P/E ratio 30.2
More key figures
Operating margin 5.4%
EPS (TTM) $1.14
EPS growth (YoY) +1,258%
Net debt $10.6B FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 44/100

Of which business quality 55 · Market factors (momentum, volatility) 18

Profitability 38
Margins and returns on capital today
Quality Growth 50
Are margins and returns improving?
Cashflow 50
Earnings quality: real cash, not paper profit
Fin. Strength 52
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 27
Calm price path (market factor)
Momentum 16
Price trend over the last 3–12 months (market factor)
52W Momentum 13
Distance to the 52-week high (market factor)
Net Issuance 61
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Medline Inc. manufactures med-surg products serving the hospital, surgery centers, physician offices, post-acute facilities, and nursing home sites of care in the United States and Internationally. It operates through two segments: Medline Brand and Supply Chain Solutions.

Full company description

Medline Inc. manufactures med-surg products serving the hospital, surgery centers, physician offices, post-acute facilities, and nursing home sites of care in the United States and Internationally. It operates through two segments: Medline Brand and Supply Chain Solutions. The Medline Brand segment procures and manufactures products from three product categories include surgical solutions, front line care, and laboratory and diagnostics. Its front line care offers med-surg products for patient-facing needs, including wound care products, exam gloves, skin care and incontinence products, environment cleaning supplies, textiles, hand sanitizer, durable medical equipment, patient plastics, and decolonization and infection control products. Its surgical solutions provide operating room and perioperative environment product solutions, including surgical procedure trays, drapes and gowns, personal protective equipment, sterile wraps, surgical instruments, surgeon's gloves, procedure kits, and orthopedic implants. Its laboratory and diagnostics offer laboratory and diagnostic product solutions, including point of care testing, analyzers and instrumentation, lab and diagnostic consumables, diagnostic instruments, vital signs monitors, and anatomic pathology and phlebotomy products. It provides its products to domestic and international consumers. The Supply Chain Solutions segment procures and distributes a variety of third-party products from national brands. It provides logistics and supply chain optimization services to domestic and international consumers. It also provides supply chain optimization services, such as consulting engagements, outsourced warehouse and technology management, put-away-ready packaging, third-party logistics, inventory rationalization, and route planning. The company was founded in 1966 and is based in Northfield, Illinois.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2025 · reported fiscal years

Medline Inc reported revenue of $28.4B in FY2025 versus $21.4B in FY2022, a compound +9.9%/yr. Reported net income was $1.2B in FY2025.

Growth Quality 76/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
$28.4B
Latest YoY
+11.5%
Avg. growth/yr (3Y)
+9.9%
Revenue +9.9%/yr
FY22 $21.4B
FY23 $23.2B
FY24 $25.5B
FY25 $28.4B
Net income
FY22 −$25.0M
FY23 $234M
FY24 $1.2B
FY25 $1.2B

MDLN screens 13% overvalued. Compare with Intuitive Surgical, Inc →

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Cite: Fair Value Calculator (2026). "Medline Inc Fair Value". https://www.fairvalue-calculator.com/stock/MDLN

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Medical Instruments & Supplies · 204 stocks

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.

Quality Score 44 · Below median
Fair Value upside −13% · Above median
Return on equity (TTM) 6% · Below median
Return on assets 4% · Above median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 5% · Below median
Revenue growth 11% · Above median

Valuation Multiples vs Medical Instruments & Supplies median · lower = cheaper

P/E (TTM) 34.6× · Pricier than median
P/B 6.54× · Pricier than 75% of peers
P/S (TTM) 2.41× · Pricier than median
P/FCF 40.3× · Pricier than 75% of peers
EV/EBITDA 22.5× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 17 · sector 0
FUTURE 54 · sector 26
PAST 24 · sector 25
HEALTH 0 · sector 96
DIVIDEND 0 · sector 32

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Medical Instruments & Supplies stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
Intuitive Surgical, Inc ISRG $402.33 $150.04 -63%
EssilorLuxottica Société anonyme 1EL €175.00 €70.52 -60%
Becton, Dickinson and Company BDX $150.65 $103.53 -31%
Alcon Inc ALC $70.26 $39.78 -43%
ResMed Inc RMD $203.87 $187.89 -8%
West Pharmaceutical Services, Inc WST $353.71 $143.97 -59%
Straumann Holding STMN CHF 106.00 CHF 47.31 -55%
Sartorius Stedim Biotech S.A DIM €188.50 €51.16 -73%
Coloplast A/S COLOB kr 414.00 kr 382.22 -8%
Solventum Corporation SOLV $81.31 $117.08 +44%

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Frequently asked questions

Is Medline Inc (MDLN) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of $30.15 versus a price of $34.51, about −13% (overvalued).
What is the fair value of MDLN?
Our model-based fair value for Medline Inc is $30.15 (as of Jul 17, 2026), built from audited fundamentals. The current price is $34.51.
What is the quality score of MDLN?
Medline Inc has a Quality Score of 44/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of Medline Inc (MDLN)?
Medline Inc reported trailing-twelve-month revenue of about $29.1B (latest available figure, as of Jul 17, 2026).
What is the net profit margin of MDLN?
The net profit margin of Medline Inc is about 3.3%, meaning it keeps roughly 3.3% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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