Market cap
$780 Mln
Revenue (TTM)
$865 Mln
P/E Ratio
34.9
P/B Ratio
1.6
Div. Yield
0 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | -2.55 | 3.69 | 5.31 | -1.22 | 2.57 |
| EBIT | -- | -- | 224.93 | -15.30 | 10.15 |
| Net Profit | 289.02 | 117.40 | 116.32 | -9.73 | 17.44 |
| EPS | 290.64 | 117.17 | 116.07 | -8.40 | 25.45 |
| Book Value | -- | -- | -13.79 | -4.65 | -0.43 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Sep-25 | Sep-24 |
| EBIT-Margin
| 2.67 | 5.13 | 5.16 | -2.81 | 3.92 |
| Net Margin
| -- | 2.84 | 2.55 | -- | -- |
| Return on equity
| -4.66 | -0.86 | 4.46 | -13.95 | -8.65 |
| Return on Capital
| -2.48 | -0.48 | -- | -7.48 | -4.67 |
| Return on Assets
| -2.01 | -0.38 | 1.74 | -6.05 | -3.87 |
| Debt to Equity (x)
| -- | -- | 0.66 | 0.85 | 0.88 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Varex Imaging (VREX)
|
--
|
-7.48
|
-4.67
|
4.72
|
3.17
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
ROE
4.46
Lower than Peers by 0.52
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Varex Imaging (VREX)
|
4.46
|
-13.95
|
-8.65
|
8.61
|
5.96
|
|
Peer Median
|
4.98
|
--
|
--
|
--
|
--
|
ROA
1.74
Lower than Peers by 0.72
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Varex Imaging (VREX)
|
1.74
|
-6.05
|
-3.87
|
3.89
|
2.60
|
|
Peer Median
|
2.46
|
--
|
--
|
--
|
--
|
EBIT Margin
5.16
Lower than Peers by 3.37
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Varex Imaging (VREX)
|
5.16
|
-2.81
|
3.92
|
6.88
|
9.41
|
|
Peer Median
|
8.53
|
--
|
--
|
--
|
--
|
Net Margin
2.55
Lower than Peers by 2.19
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Varex Imaging (VREX)
|
2.55
|
-8.32
|
-5.88
|
5.31
|
3.54
|
|
Peer Median
|
4.75
|
--
|
--
|
--
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Varex Imaging (VREX)
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
5.31
Lower than Peers by 3.47
Year on year growth in net sales
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Varex Imaging (VREX)
|
5.31
|
0.04
|
-0.09
|
0.04
|
0.05
|
|
Peer Median
|
8.78
|
--
|
--
|
--
|
--
|
EBIT Growth
224.93
Higher than Peers by 213.90
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Varex Imaging (VREX)
|
224.93
|
-174.53
|
-48.29
|
-23.98
|
20.39
|
|
Peer Median
|
11.03
|
--
|
--
|
--
|
--
|
Net Profit Growth
116.32
Higher than Peers by 102.57
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Varex Imaging (VREX)
|
116.32
|
-47.38
|
-200.63
|
56.44
|
74.14
|
|
Peer Median
|
13.75
|
--
|
--
|
--
|
--
|
EPS Growth
116.07
Higher than Peers by 94.63
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Varex Imaging (VREX)
|
116.07
|
-0.44
|
-2.25
|
0.27
|
0.85
|
|
Peer Median
|
21.44
|
--
|
--
|
--
|
--
|
Book Value Growth
6.25
Lower than Peers by 0.56
Year on year growth in book value per share
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Varex Imaging (VREX)
|
6.25
|
--
|
--
|
--
|
--
|
|
Peer Median
|
6.82
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
0.66
Higher than Peers by 0.27
Total debt / Net worth
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Varex Imaging (VREX)
|
0.66
|
0.85
|
0.88
|
0.83
|
0.82
|
|
Peer Median
|
0.40
|
--
|
--
|
--
|
--
|
Short term debt to equity ratio
0.05
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Varex Imaging (VREX)
|
0.05
|
0.01
|
0.09
|
0.01
|
0.01
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
3.38
Higher than Peers by 0.68
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Varex Imaging (VREX)
|
3.38
|
3.43
|
3.32
|
4.04
|
3.52
|
|
Peer Median
|
2.70
|
--
|
--
|
--
|
--
|
Quick Ratio
1.53
Lower than Peers by 0.51
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Varex Imaging (VREX)
|
1.53
|
1.83
|
1.97
|
2.34
|
1.77
|
|
Peer Median
|
2.03
|
--
|
--
|
--
|
--
|
Interest Coverage
1.71
Lower than Peers by 3.31
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Varex Imaging (VREX)
|
1.71
|
-0.67
|
1.02
|
2.10
|
1.97
|
|
Peer Median
|
5.02
|
--
|
--
|
--
|
--
|
Operating Efficiency
Debtors to sales
16.73
Higher than Peers by 0.34
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Varex Imaging (VREX)
|
16.73
|
18.64
|
19.45
|
18.39
|
20.17
|
|
Peer Median
|
16.39
|
--
|
--
|
--
|
--
|
Asset Turnover
0.68
Higher than Peers by 0.18
Sales / Average Total Assets
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Varex Imaging (VREX)
|
0.68
|
0.73
|
0.66
|
0.73
|
0.74
|
|
Peer Median
|
0.50
|
--
|
--
|
--
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Varex Imaging (VREX)
|
--
|
68.13
|
72.51
|
69.01
|
69.83
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Varex Imaging (VREX)
|
--
|
185.95
|
178.74
|
175.84
|
167.44
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Varex Imaging (VREX)
|
--
|
42.52
|
40.80
|
43.27
|
43.44
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Varex Imaging (VREX)
|
--
|
211.57
|
210.44
|
201.58
|
193.82
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
34.92
Lower than Peers by 11.17
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Varex Imaging (VREX)
|
34.92
|
-7.37
|
-10.20
|
20.02
|
28.54
|
|
Peer Median
|
46.09
|
--
|
--
|
--
|
--
|
Price / Book Value
1.57
Lower than Peers by 2.21
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Varex Imaging (VREX)
|
1.57
|
1.10
|
0.91
|
1.67
|
1.62
|
|
Peer Median
|
3.78
|
--
|
--
|
--
|
--
|
Dividend Yield
--
--
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Varex Imaging (VREX)
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
EV/EBITDA
12.71
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Varex Imaging (VREX)
|
12.71
|
218.61
|
12.02
|
12.93
|
10.46
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Market Cap
780
Higher than Peers by 245
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Varex Imaging (VREX)
|
780
|
--
|
--
|
--
|
--
|
|
Peer Median
|
535
|
--
|
--
|
--
|
--
|