Conmed Corporation
—- Market cap
- $1.48B
- Debt
- +$834.23M
- Cash
- —
Complete market value, debt and cash evidence is required for enterprise value.
Capital structure 64% equity / 36% debt
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2025 ·
Decision snapshot: CNMD stock price at premium vs NSC $49.32 current versus $39.02 implied using P/E multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at NSC's multiple
Implied fair value · at CNMD's multiple
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth edge
Pricing power
Operating leverage
Multiple discount
Premium justified
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: CNMD FY 2025 (ended Dec 31, 2025) · NSC FY 2025 (ended Dec 31, 2025).
Trendline
Five fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Complete market value, debt and cash evidence is required for enterprise value.
Capital structure 64% equity / 36% debt
Capital structure 81% equity / 19% debt · EV / Revenue 7.35x · EV / EBITDA 15.38x
NSC carries the larger enterprise value at $89.56B against $2.31B; CNMD trades on the lower EV / Revenue multiple (1.68x vs 7.35x); CNMD on the lower EV / EBITDA (12.37x vs 15.38x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
CONMED CORPORATION · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
NORFOLK SOUTHERN CORP · implied price per share
Bear
$31.81
Base
$46.51
Bull
$72.14
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Debt / equity
Total debt against shareholders' equity
0.81x
1.10x
Net debt / EBITDA
Leverage against operating earnings
—
2.67x
Cash and equivalents
Liquid reserves on the balance sheet
—
$1.53B
Total debt
Interest-bearing obligations outstanding
$834.23M
$17.09B
Comparable set
Where the pair sits against the wider comparable set.
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