Resmed Inc (RMD) fair value: what the stock is really worth
We calculate from audited financials what Resmed Inc is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
- Fair value above price? Yes
- Good quality? Yes
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Resmed Inc
RMD · AUQuality WatchlistQuality growthA strong company, but the current price is close to Fair Value.
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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 17, 2026.
How to read this chart
60‑month range A$20.92 – A$44.81 · fair‑value band A$24.56 – A$74.73 · the A$31.87 price screens below the A$35.09 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 17, 2026.
Company profile
ResMed Inc. develops, manufactures, distributes, and markets medical devices and cloud-based software applications to diagnose, treat, and manage respiratory disorders in the United States and internationally. The company operates in two segments, Sleep and Breathing Health, and Residential Care Software.
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ResMed Inc. develops, manufactures, distributes, and markets medical devices and cloud-based software applications to diagnose, treat, and manage respiratory disorders in the United States and internationally. The company operates in two segments, Sleep and Breathing Health, and Residential Care Software. It offers sleep recorders for the diagnosis and titration of sleep apnea in sleep clinics, hospitals, and at home, including ApneaLink Air, a portable diagnostic device that measures oximetry, respiratory effort, pulse, nasal flow, and snoring; NightOwl, a portable, cloud-connected, and disposable diagnostic device that measures AHI based on derived peripheral arterial tone, actigraphy, and oximetry; and EasyCare Tx, a sleep lab solution. The company also provides AirView, a cloud-based system that enables remote monitoring and changing of patients' device settings; myAir, a personalized therapy management application for patients with sleep apnea that provides support, education, and troubleshooting tools for increased patient engagement and improved compliance; and connectivity module which provides a cellular connection between compatible ventilation devices and AirView system. In addition, the company offers Brightree solutions which are solutions and services for organizations in home medical equipment and pharmacy, orthotic and prosthetic, and home infusion; HEALTHCAREfirst solutions that offers electronic health record, software, billing and coding services, and advanced analytics that enables home health and hospice agencies to optimize clinical, financial and administrative processes; MatrixCare EHR software as a service solutions used by skilled nursing and senior living providers, life plan communities, and home health and hospice sectors; and MEDIFOX DAN software solutions that is used by residential care providers, such as home health and nursing home providers. ResMed Inc. was founded in 1989 and is headquartered in San Diego, California.
Stock analysis
Resmed Inc (RMD) currently trades at A$31.87, while our model-based Fair Value estimate is A$35.09, implying the stock looks roughly 9.2% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of A$25.65 per share, and 1 of the 24 models we run sit above the A$31.87 price.
Bear case: the Economic Profit group reads lowest at A$8.61, and 23 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: A$24.56 (bear) to A$74.73 (bull), the price of A$31.87 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 77/100 (high quality), in the Healthcare sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Resmed Inc reported revenue of $5.1B in FY2025 versus $3.2B in FY2021, a compound +12.6%/yr. Reported net income was $1.4B in FY2025, compounding +31.1%/yr from FY2021.
Key figures
Market cap A$47.0B (≈ $33.5B) · P/E ratio 22.0 · P/S ratio 5.98 · EPS (TTM) A$1.45 · Dividend yield 1.1% · Net margin 27.2% · Return on equity 25.3% · Return on assets (EBIT) 19.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 58 out of 100 (medium confidence).
What moves the price
The share trades about 29% below its 52-week high and 25% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Healthcare peers we cover trades at −46% fair-value upside, at 10%, RMD screens cheaper than that median.
Fair Value models
All 24 models by family
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Set up alert →Quality Score breakdown
Of which business quality 76 · Market factors (momentum, volatility) 45
Revenue & earnings trend
Growth Forecast
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Compare Resmed Inc 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 Instruments & Supplies · 200 stocks
Valuation Multiplesvs Medical Instruments & Supplies 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)
- Valuation of the Australia 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 Instruments & Supplies stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Intuitive Surgical, Inc ISRG | $377.16 | $350.02 | −7% |
| EssilorLuxottica Société anonyme EL | €145.10 | €159.61 | +10% |
| Medline Inc MDLN | $32.11 | $11.65 | −64% |
| Becton, Dickinson and Company BDX | $185.92 | $100.46 | −46% |
| Alcon Inc ALC | $67.76 | $39.78 | −41% |
| West Pharmaceutical Services, Inc WST | $362.01 | $137.28 | −62% |
| Sartorius Stedim Biotech S.A DIM | €196.10 | €48.88 | −75% |
| Straumann Holding STMN | CHF 94.66 | CHF 45.50 | −52% |
| Sartorius Aktiengesellschaft SRT3 | €248.70 | €42.05 | −83% |
| Coloplast A/S COLOB | kr 420.10 | kr 382.22 | −9% |
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