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Australian (ASX) Healthcare Services Industry Analysis

UpdatedFeb 15, 2026
DataAggregated Company Financials
Companies13
  • 7D-2.5%
  • 3M2.9%
  • 1Y-9.6%
  • YTD0.9%

Over the last 7 days, the Healthcare Services industry has dropped 2.5%, driven by a pullback from Sigma Healthcare of 3.2%. However, the industry is down 9.6% over the past year. As for the next few years, earnings are expected to grow by 19% per annum.

Industry Valuation and Performance

Has the Australian Healthcare Services Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 15 Feb 2026AU$58.5bAU$41.4bAU$594.1m38.4x98.5x1.4x
Tue, 13 Jan 2026AU$58.4bAU$41.4bAU$594.1m42.7x98.4x1.4x
Thu, 11 Dec 2025AU$57.7bAU$41.4bAU$594.1m47.1x97.1x1.4x
Sat, 08 Nov 2025AU$59.0bAU$41.6bAU$596.0m57.5x99x1.4x
Mon, 06 Oct 2025AU$57.8bAU$41.6bAU$596.0m52.6x97x1.4x
Wed, 03 Sep 2025AU$61.0bAU$41.6bAU$596.0m57.4x102.3x1.5x
Fri, 01 Aug 2025AU$62.0bAU$37.9bAU$1.1b164.5x56.1x1.6x
Sun, 29 Jun 2025AU$60.9bAU$39.5bAU$549.6m156.9x110.7x1.5x
Tue, 27 May 2025AU$63.2bAU$39.5bAU$549.6m155.1x115x1.6x
Thu, 24 Apr 2025AU$61.3bAU$37.9bAU$1.1b134.8x55.5x1.6x
Sat, 22 Mar 2025AU$59.5bAU$37.9bAU$1.1b134.2x53.9x1.6x
Mon, 17 Feb 2025AU$33.8bAU$33.2bAU$52.3m31.2x646.7x1x
Wed, 15 Jan 2025AU$32.5bAU$36.7bAU$50.2m28.8x646.7x0.9x
Fri, 13 Dec 2024AU$32.5bAU$36.7bAU$50.2m28.8x647.2x0.9x
Sun, 10 Nov 2024AU$32.7bAU$36.9bAU$35.3m30.1x924.5x0.9x
Tue, 08 Oct 2024AU$32.8bAU$36.9bAU$35.3m31x928.4x0.9x
Thu, 05 Sep 2024AU$30.1bAU$36.0bAU$47.5m31.7x633.3x0.8x
Sat, 03 Aug 2024AU$29.9bAU$33.5b-AU$278,022,128.0047x-107.6x0.9x
Mon, 01 Jul 2024AU$29.8bAU$33.5b-AU$278,022,128.0045.9x-107.2x0.9x
Wed, 29 May 2024AU$28.6bAU$31.7b-AU$280,512,128.0028.1x-101.9x0.9x
Fri, 26 Apr 2024AU$30.4bAU$31.7b-AU$280,512,128.0032.4x-108.5x1x
Sun, 24 Mar 2024AU$31.6bAU$31.8b-AU$270,491,128.0034.6x-116.7x1x
Tue, 20 Feb 2024AU$32.8bAU$31.4bAU$615.3m24.5x53.3x1x
Thu, 18 Jan 2024AU$33.7bAU$32.8bAU$608.0m24.3x55.4x1x
Sat, 16 Dec 2023AU$33.8bAU$32.8bAU$608.0m24.5x55.6x1x
Mon, 13 Nov 2023AU$33.5bAU$32.8bAU$608.0m23.6x55.1x1x
Wed, 11 Oct 2023AU$33.1bAU$32.8bAU$608.0m25.5x54.5x1x
Fri, 08 Sep 2023AU$33.4bAU$33.0bAU$596.0m26.5x56.1x1x
Sun, 06 Aug 2023AU$36.9bAU$33.0bAU$1.3b26x28.1x1.1x
Tue, 04 Jul 2023AU$37.7bAU$33.0bAU$1.3b25.7x28.8x1.1x
Thu, 01 Jun 2023AU$37.3bAU$33.0bAU$1.3b25.5x28.5x1.1x
Sat, 29 Apr 2023AU$39.1bAU$32.5bAU$1.3b27.2x29.8x1.2x
Mon, 27 Mar 2023AU$38.0bAU$32.5bAU$1.3b24.3x29x1.2x
Wed, 22 Feb 2023AU$38.2bAU$32.2bAU$1.6b24.9x24.1x1.2x
Price to Earnings Ratio

24.1x


Total Market Cap: AU$38.2bTotal Earnings: AU$1.6bTotal Revenue: AU$32.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Healthcare Services Industry Price to Earnings3Y Average 165.5x202420252026
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 98.5x 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 Market2.05%
Healthcare-11.27%
Healthcare Services-2.52%
Healthcare Facilities1.79%
Healthcare Distributors-3.17%
Healthcare Services-4.14%
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?

CompanyLast Price7D1YValuation
RHC Ramsay Health CareAU$36.932.9%
+AU$241.4m		6.9%PE1248.7x
MVF Monash IVF GroupAU$0.702.2%
+AU$5.8m		-40.4%PE10.9x

Latest News

SHL
AU$21.20
Sonic Healthcare
7D
-3.7%
1Y
-26.6%

SHL: Modest Margin Support Will Sustain An Attractive Future Earnings Multiple

Analysts have trimmed their price target for Sonic Healthcare slightly, with fair value moving from A$26.84 to A$26.19, as updated assumptions around discount rate, revenue growth, profit margins and future P/E feed into a more cautious valuation framework. Valuation Changes Fair Value: revised from A$26.84 to A$26.19, a modest reduction in the assessed share valuation.
ACL
AU$2.42
Australian Clinical Labs
7D
-6.2%
1Y
-35.5%

ACL: Updated Assumptions Will Support Confidence In Undervalued Share Price

Analysts have revised their price target on Australian Clinical Labs to A$3.85. The update reflects slightly adjusted assumptions around discount rate, revenue growth, profit margin and future P/E, while keeping fair value unchanged at A$3.85.
SIG
AU$3.03
Sigma Healthcare
7D
-3.2%
1Y
-2.9%

Calculating The Fair Value Of Sigma Healthcare Limited (ASX:SIG)

Feb 05
Calculating The Fair Value Of Sigma Healthcare Limited (ASX:SIG)
HLS
AU$0.78
Healius
7D
-13.9%
1Y
-47.6%
RHC
AU$36.93
Ramsay Health Care
7D
2.9%
1Y
6.9%

RHC: CFO Appointment Will Support Risk Management While Outlook Remains Measured

Analysts have trimmed their price targets on Ramsay Health Care, reflecting a modest reset based on small tweaks to discount rate, revenue growth, profit margin and forward P/E assumptions following the latest sector views. Analyst Commentary Bearish analysts are treating the latest sector views as a reason to be more cautious on Ramsay Health Care, with price target resets framed around more conservative assumptions rather than any single headline event.
RHY
AU$0.21
Rhythm Biosciences
7D
-14.3%
1Y
136.0%
REG
AU$6.21
Regis Healthcare
7D
-3.1%
1Y
-6.9%
MVF
AU$0.70
Monash IVF Group
7D
2.2%
1Y
-40.4%
IDX
AU$2.40
Integral Diagnostics
7D
-1.2%
1Y
-21.8%
IIQ
AU$0.33
INOVIQ
7D
-1.5%
1Y
-23.3%