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Australian (ASX) Healthcare Sector Analysis

UpdatedSep 19, 2025
DataAggregated Company Financials
Companies128
  • 7D-1.4%
  • 3M-8.4%
  • 1Y-15.8%
  • YTD-14.9%

Over the last 7 days, the Healthcare industry has dropped 2.0%, driven by a pullback from CSL of 3.6%. Meanwhile, Regis Healthcare actually outperformed within the industry, gaining 14% in the last week. Overall the industry is down 16% in 12 months. Earnings are forecast to grow by 17% annually.

Sector Valuation and Performance

Has the Australian Healthcare Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 19 Sep 2025AU$235.2bAU$74.3bAU$4.5b31.5x51.9x3.2x
Sun, 17 Aug 2025AU$274.8bAU$70.3bAU$4.8b31x56.8x3.9x
Tue, 15 Jul 2025AU$258.3bAU$71.5bAU$4.2b28x60.9x3.6x
Thu, 12 Jun 2025AU$255.9bAU$71.8bAU$4.3b26.3x59.8x3.6x
Sat, 10 May 2025AU$252.4bAU$70.7bAU$4.9b27x51.6x3.6x
Mon, 07 Apr 2025AU$246.8bAU$72.3bAU$5.1b27x48x3.4x
Wed, 05 Mar 2025AU$265.3bAU$71.4bAU$5.0b29.1x53.6x3.7x
Fri, 31 Jan 2025AU$252.3bAU$68.9bAU$3.4b26.7x74.7x3.7x
Sun, 29 Dec 2024AU$246.3bAU$68.9bAU$3.4b25.8x73.1x3.6x
Tue, 26 Nov 2024AU$242.4bAU$68.0bAU$3.2b26.3x75.7x3.6x
Thu, 24 Oct 2024AU$241.5bAU$67.4bAU$3.1b25.5x77.4x3.6x
Sat, 21 Sep 2024AU$238.8bAU$66.7bAU$3.0b27.2x78.4x3.6x
Mon, 19 Aug 2024AU$241.7bAU$63.7bAU$2.9b30.7x83.8x3.8x
Wed, 17 Jul 2024AU$243.7bAU$62.5bAU$2.6b32.8x94.6x3.9x
Fri, 14 Jun 2024AU$231.0bAU$63.0bAU$2.6b31.4x87.7x3.7x
Sun, 12 May 2024AU$223.9bAU$61.2bAU$2.6b26.3x85.2x3.7x
Tue, 09 Apr 2024AU$225.2bAU$61.3bAU$2.6b27.4x85.8x3.7x
Thu, 07 Mar 2024AU$223.2bAU$61.7bAU$2.6b25.7x84.3x3.6x
Sat, 03 Feb 2024AU$233.4bAU$60.4bAU$2.8b25.6x82.3x3.9x
Mon, 01 Jan 2024AU$226.0bAU$59.7bAU$2.7b24.9x83x3.8x
Wed, 29 Nov 2023AU$202.2bAU$60.3bAU$2.9b24.9x70.8x3.4x
Fri, 27 Oct 2023AU$186.5bAU$61.5bAU$3.0b23.9x61.7x3x
Sun, 24 Sep 2023AU$200.0bAU$61.0bAU$2.9b24.9x69.1x3.3x
Tue, 22 Aug 2023AU$212.8bAU$60.6bAU$2.9b27.9x74.7x3.5x
Thu, 20 Jul 2023AU$212.2bAU$57.4bAU$2.9b27.1x74.5x3.7x
Sat, 17 Jun 2023AU$217.6bAU$57.1bAU$2.8b25.7x77.5x3.8x
Mon, 15 May 2023AU$232.8bAU$57.3bAU$2.9b27.7x80.6x4.1x
Wed, 12 Apr 2023AU$231.8bAU$57.3bAU$2.9b27.5x80.5x4x
Fri, 10 Mar 2023AU$223.2bAU$57.3bAU$2.9b26.4x77.3x3.9x
Sun, 05 Feb 2023AU$234.6bAU$55.2bAU$3.9b24.9x59.4x4.2x
Tue, 03 Jan 2023AU$216.9bAU$55.6bAU$4.0b25.5x53.7x3.9x
Thu, 01 Dec 2022AU$226.6bAU$55.9bAU$4.1b26.7x55.4x4.1x
Sat, 29 Oct 2022AU$209.7bAU$56.2bAU$4.2b27.4x50.3x3.7x
Mon, 26 Sep 2022AU$209.2bAU$55.9bAU$4.2b25.4x50x3.7x
Price to Earnings Ratio

50x


Total Market Cap: AU$209.2bTotal Earnings: AU$4.2bTotal Revenue: AU$55.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Healthcare Sector Price to Earnings3Y Average 70.2x202320242025
Current Industry PE
  • Investors are pessimistic on the Australian Healthcare industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 52.3x which is lower than its 3-year average PE of 70.2x.
  • The 3-year average PS ratio of 3.7x is higher than the industry's current PS ratio of 3.2x.
Past Earnings Growth
  • The earnings for companies in the Healthcare industry have grown 2.6% per year over the last three years.
  • Revenues for these companies have grown 9.9% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Australian Healthcare sector?

AU Market-0.37%
Healthcare-1.38%
Pharma9.65%
Medical Equipment0.54%
Healthtech0.079%
Healthcare Services-0.80%
Biotech-3.13%
Life Sciences-3.22%
Industry PE
  • Investors are most optimistic about the Healthtech industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 22.3%, which is lower than the prior year's growth of 62.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Life Sciences industry, expecting annual earnings growth of 57% over the next 5 years.
  • This is better than its past earnings decline of 0.5% per year.
  • In contrast, the Biotech industry is expected to see its earnings grow by 15% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
REG Regis HealthcareAU$9.1013.9%
+AU$334.4m
56.1%PE56x
NEU Neuren PharmaceuticalsAU$20.148.3%
+AU$194.5m
48.7%PE17.1x
RAC Race OncologyAU$2.5762.1%
+AU$171.1m
55.3%PS73.9x
CU6 Clarity PharmaceuticalsAU$3.5312.8%
+AU$148.8m
-54.2%PS138.7x
PNV PolyNovoAU$1.6311.3%
+AU$114.0m
-33.9%PE85x

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