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Stock Comparison · Structural lead, mixed market

Convatec Group vs STERIS: Which Stock Looks Stronger in 2026?

STERIS holds the cleaner structural position, with the lead spread across valuation and growth. Both sides have seen trend damage — neither carries a clear market edge right now. With both trends damaged, the structural comparison carries most of the weight here.

The comparison is based on similar long-term financial trajectories, not sector labels. Peer scores are normalised within each company's primary universe (CTEC.L: STOXX 600, STE: S&P 500).

Updated 2026-07-05

The clearest separation starts in valuation, but growth adds another real layer to the result. STERIS plc leads by 10 points on the overall comparison score.

Trajectory Similarity
0.72
Similar
Peer-set rank: #19
within Convatec Group PLC's functional peer set

This comparison is anchored in long-term financial trajectory similarity within the selected peer universe.

The pair sits on a clearly comparable long-term path, though it is not a near-twin match.

The clearest structural overlap shows up in revenue stability and capital structure.

Similarity drivers
revenue stabilitycapital structure
How to read the score
0.85–1.00 · Very similar0.70–0.84 · Similar0.55–0.69 · Moderately similarbelow 0.55 · Loose match
Peer-Relative Score
CTEC.L
Convatec Group PLC
40
Peer-Score
Signal qualityMedium
Peer basis: STOXX 600
vs
STE
STERIS plc
50
Peer-Score
Signal qualitylow
Peer basis: S&P 500

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

The largest gaps do not all point in the same direction.

Dimension spread: CTEC.L vs STE Profitability 36 28 Stability 52 60 Valuation 40 63 Growth 33 53 CTEC.L STE
Gap Ranking
#1 Valuation +23
#2 Growth +20
#3 Profitability +8
#4 Stability +8
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for CTEC.L and STE Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer CTEC.LSTE Relative valuation Structural strength

Structure stays fairly close here, while current pricing still looks more supportive for STERIS plc.

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Relative Position vs Comparable Companies
Valuation
Both look solid on valuation, though STERIS plc still holds the stronger peer position.
Growth
STERIS plc sits in the stronger part of the group on growth, while Convatec Group PLC is closer to mid-pack.
Valuation — Dominant Gap
CTEC.L
40
STE
63
Gap+23in favour of STE

The multiple-based pricing edge comes from a trailing P/E that is 4.3 turns lower.

What keeps the gap from being one-sided

Convatec Group PLC still looks less cycle-sensitive — that keeps the result from looking completely one-sided.

What this means for the comparison

The lead is built on both valuation and growth, making it broader than a single-dimension result.

Explore full peer positioning in AssetNext

Break down the CTEC.L vs STE comparison across all dimensions with the full interactive tool.

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Similar valuation-and-growth comparisons

Explore how CTEC.L and STE each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.