Returns On Capital At Sonic Healthcare (ASX:SHL) Have Stalled
Feb 11
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Australian (ASX) Healthcare Services Industry Analysis
UpdatedFeb 13, 2026
DataAggregated Company Financials
Companies13
- 7D-2.7%
- 3M4.1%
- 1Y-4.6%
- YTD2.1%
Over the last 7 days, the Healthcare Services industry has dropped 2.7%, driven by a pullback from Sigma Healthcare of 3.5%. Overall the industry is down 4.6% in 12 months. Earnings are forecast to grow by 19% annually.
Industry Valuation and Performance
Has the Australian Healthcare Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 13 Feb 2026 | AU$59.2b | AU$41.4b | AU$594.1m | 39.3x | 99.7x | 1.4x |
| Sun, 11 Jan 2026 | AU$57.7b | AU$41.4b | AU$594.1m | 42.6x | 97.1x | 1.4x |
| Tue, 09 Dec 2025 | AU$57.2b | AU$41.4b | AU$594.1m | 47.3x | 96.3x | 1.4x |
| Thu, 06 Nov 2025 | AU$58.9b | AU$41.6b | AU$596.0m | 56.7x | 98.8x | 1.4x |
| Sat, 04 Oct 2025 | AU$57.8b | AU$41.6b | AU$596.0m | 52.6x | 97x | 1.4x |
| Mon, 01 Sep 2025 | AU$61.6b | AU$41.7b | AU$596.0m | 58x | 103.3x | 1.5x |
| Wed, 30 Jul 2025 | AU$62.1b | AU$39.5b | AU$549.6m | 161.9x | 112.9x | 1.6x |
| Fri, 27 Jun 2025 | AU$61.3b | AU$39.5b | AU$549.6m | 157.7x | 111.6x | 1.6x |
| Sun, 25 May 2025 | AU$63.0b | AU$39.5b | AU$549.6m | 155.6x | 114.5x | 1.6x |
| Tue, 22 Apr 2025 | AU$60.2b | AU$37.9b | AU$1.1b | 133.6x | 54.5x | 1.6x |
| Thu, 20 Mar 2025 | AU$59.8b | AU$37.9b | AU$1.1b | 62.1x | 53.7x | 1.6x |
| Sat, 15 Feb 2025 | AU$33.8b | AU$33.2b | AU$52.3m | 31.2x | 646.7x | 1x |
| Mon, 13 Jan 2025 | AU$32.5b | AU$36.7b | AU$50.2m | 29.4x | 648.5x | 0.9x |
| Wed, 11 Dec 2024 | AU$33.7b | AU$36.9b | AU$35.3m | 29.5x | 952.7x | 0.9x |
| Fri, 08 Nov 2024 | AU$32.4b | AU$36.9b | AU$35.3m | 30.6x | 916.5x | 0.9x |
| Sun, 06 Oct 2024 | AU$32.8b | AU$36.9b | AU$35.3m | 30.4x | 929.1x | 0.9x |
| Tue, 03 Sep 2024 | AU$30.8b | AU$36.0b | AU$46.4m | 35.9x | 663.9x | 0.9x |
| Thu, 01 Aug 2024 | AU$30.3b | AU$33.5b | -AU$278,022,128.00 | 45.7x | -109x | 0.9x |
| Sat, 29 Jun 2024 | AU$29.8b | AU$33.5b | -AU$278,022,128.00 | 45.9x | -107.2x | 0.9x |
| Mon, 27 May 2024 | AU$28.5b | AU$31.7b | -AU$280,512,128.00 | 28.7x | -101.5x | 0.9x |
| Wed, 24 Apr 2024 | AU$30.6b | AU$31.7b | -AU$280,512,128.00 | 31.7x | -109x | 1x |
| Fri, 22 Mar 2024 | AU$31.3b | AU$31.8b | -AU$270,491,128.00 | 34.6x | -115.7x | 1x |
| Sun, 18 Feb 2024 | AU$33.2b | AU$31.4b | AU$615.3m | 24.1x | 54x | 1.1x |
| Tue, 16 Jan 2024 | AU$34.2b | AU$32.8b | AU$608.0m | 24.3x | 56.2x | 1x |
| Thu, 14 Dec 2023 | AU$33.5b | AU$32.8b | AU$608.0m | 24.3x | 55.1x | 1x |
| Sat, 11 Nov 2023 | AU$33.5b | AU$32.8b | AU$608.0m | 23.6x | 55.1x | 1x |
| Mon, 09 Oct 2023 | AU$32.7b | AU$32.8b | AU$608.0m | 25.3x | 53.9x | 1x |
| Wed, 06 Sep 2023 | AU$34.5b | AU$33.0b | AU$596.0m | 26.5x | 57.9x | 1x |
| Fri, 04 Aug 2023 | AU$37.1b | AU$33.0b | AU$1.3b | 26.1x | 28.3x | 1.1x |
| Sun, 02 Jul 2023 | AU$37.6b | AU$33.0b | AU$1.3b | 25.6x | 28.7x | 1.1x |
| Tue, 30 May 2023 | AU$37.5b | AU$33.0b | AU$1.3b | 25.8x | 28.6x | 1.1x |
| Thu, 27 Apr 2023 | AU$39.5b | AU$32.5b | AU$1.3b | 26.4x | 30.1x | 1.2x |
| Sat, 25 Mar 2023 | AU$38.0b | AU$32.4b | AU$1.3b | 23.7x | 29.2x | 1.2x |
| Mon, 20 Feb 2023 | AU$38.5b | AU$32.4b | AU$1.7b | 23.7x | 22.8x | 1.2x |
Price to Earnings Ratio
22.8x
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 100x which is lower than its 3-year average PE of 165x.
- The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 1.4x.
Past Earnings Growth
- The earnings for companies in the Healthcare industry have declined 29% per year over the last three years.
- Meanwhile revenues for these companies have grown 8.5% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Australian Healthcare industry?
| AU Market | 1.34% | |
| Healthcare | -9.57% | |
| Healthcare Services | -2.67% | |
| Healthcare Facilities | 2.51% | |
| Healthcare Distributors | -3.47% | |
| Healthcare Services | -4.52% | |
Industry PE
- Investors are most optimistic about the Healthcare Facilities industry, which is trading close to its 3-year average PE ratio of 137x.
- Analysts are expecting annual earnings growth of 27.9%, which is higher than its past year's earnings decline of 97.3% per year.
Forecasted Growth
- Analysts are most optimistic on the Healthcare Facilities industry, expecting annual earnings growth of 28% over the next 5 years.
- This is better than its past earnings decline of 97% per year.
- In contrast, the Healthcare Distributors industry is expected to see its earnings grow by 16% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| RHC Ramsay Health Care | AU$36.93 | 2.9% +AU$241.4m | 6.9% | PE1248.7x | |
| MVF Monash IVF Group | AU$0.70 | 2.2% +AU$5.8m | -40.4% | PE10.9x |
