Varex Imaging Corp

Research Varex Imaging Corp (VREX) on Bullrun: valuation model: 35.5% overvalued, market cap USD 779.74M, P/E 35.4. Explore financials, valuation history, model signals, and stock context.

Key Metrics

TickerVREX
ExchangeNASDAQ
CountryUnited States
SectorHealthcare
IndustryMedical Devices
CurrencyUSD
Valuation signal35.5% overvalued
Market capUSD 779.74M
P/E35.4
Financial periodQ2 2026
RevenueUSD 216.00M
Net income-USD 8.10M
Free cash flow-USD 7.70M
Gross margin33.6%

Valuation Snapshot

Bullrun's latest valuation model marks Varex Imaging Corp as 35.5% overvalued; latest market cap is USD 779.74M; P/E is 35.4.

Peer valuation comparison

Latest P/E is 35.45x versus a Healthcare sector median of 24.46x (44.9% above).

Latest P/E is 35.45x versus a United States median of 24.87x (42.6% above).

Five-year financial history

Year	Revenue	Net income	Free cash flow	Gross margin	Diluted EPS	Cash	Total debt	Equity
FY2025	USD 844.60M	-USD 70.30M	USD 18.80M	34.4%	-1.7	USD 145.00M	USD 367.50M	USD 472.60M
FY2024	USD 811.00M	-USD 48.80M	USD 20.40M	31.7%	-1.2	USD 168.70M	USD 443.40M	USD 529.10M
FY2023	USD 893.40M	USD 47.40M	USD 87.70M	32.5%	1.07	USD 152.60M	USD 442.60M	USD 567.70M
FY2022	USD 859.40M	USD 30.30M	-USD 4.40M	33.0%	0.73	USD 89.40M	USD 414.40M	USD 533.40M

Valuation history

Year	Snapshot date	Market cap	P/E	Dividend yield	Annual dividend/share
2026	2026-08-25	USD 779.74M	35.4	n/a	n/a
2025	2025-12-31	USD 488.36M	n/a	n/a	n/a
2024	2024-12-31	USD 601.56M	n/a	n/a	n/a
2023	2023-12-29	USD 832.68M	20.7	n/a	n/a
2022	2022-12-30	USD 813.77M	27.8	n/a	n/a
2021	2021-12-31	USD 1.25B	52.6	n/a	n/a

About Varex Imaging Corp

Varex Imaging Corporation designs, manufactures, and sells X-ray imaging components. It operates through two segments, Medical and Industrial.

Related stock research

United States stocks United States Healthcare stocks A-Z stock index

Other Healthcare stocks

ESTABLISHMENT LABS HLDGS (3E0) Senseonics Holdings Inc. (6L60) Abbott Laboratories (ABT) Adagio Medical Holdings Inc (ADGM) Aethlon Medical Inc (AEMD) AdaptHealth Corp (AHCO) Alamar Biosciences, Inc. (ALMR) Allurion Technologies Inc (ALUR) Autonomix Medical Inc (AMIX) Artivion Inc (AORT) AOTI Inc (AOTI) Apyx Medical Corp (APYX)

Frequently asked questions

Is Varex Imaging Corp overvalued or undervalued?

Bullrun's valuation model currently marks Varex Imaging Corp as 35.5% overvalued.

What is Varex Imaging Corp's market cap?

Varex Imaging Corp's market capitalization is USD 779.74M.

What is Varex Imaging Corp's P/E ratio?

Varex Imaging Corp's price-to-earnings (P/E) ratio is 35.4.

What does Varex Imaging Corp do?

Varex Imaging Corporation designs, manufactures, and sells X-ray imaging components. It operates through two segments, Medical and Industrial. The Medical segment designs, manufactures, sells, and services X-ray imaging components, comprising X-ray tubes, digital detectors and accessories, ionization chambers, high voltage connectors, image-processing software and workstations, 3D reconstruction software, computer-aided diagnostic software, collimators, automatic exposure control devices, generators, and heat exchangers.