PME
PME: Medical Imaging Pioneer - Streaming Ahead, But Clouds Gathering
Updated 17 Nov 2025
Fair value $26.93 vs current $248.83 (823% premium). Exceptional 80% EBITDA margins and 63% ROIC face inevitable compression as GE Healthcare/Philips achieve cloud parity within 2-4 years. $948m backlog provides near-term visibility but doesn't prevent systematic margin normalisation.
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