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Australian (ASX) Healthtech Industry Analysis
UpdatedFeb 26, 2026
DataAggregated Company Financials
Companies16
- 7D-5.1%
- 3M-47.9%
- 1Y-47.0%
- YTD-43.2%
Over the last 7 days, the Healthtech industry has dropped 12%, driven by Pro Medicus declining 5.5%. In contrast, Cogstate has gained 8.7%. However, the industry is down 52% over the past year. Looking forward, earnings are forecast to grow by 12% annually.
Industry Valuation and Performance
Has the Australian Healthtech Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 26 Feb 2026 | AU$15.9b | AU$492.2m | AU$124.8m | 46.1x | 127.3x | 32.3x |
| Sat, 24 Jan 2026 | AU$23.1b | AU$462.8m | AU$2.6m | 73.2x | 8820.4x | 49.9x |
| Mon, 22 Dec 2025 | AU$26.4b | AU$466.5m | AU$1.6m | 63.1x | 16860.1x | 56.7x |
| Wed, 19 Nov 2025 | AU$28.8b | AU$468.0m | AU$1.3m | 67.1x | 21920.2x | 61.5x |
| Fri, 17 Oct 2025 | AU$33.3b | AU$468.0m | AU$1.2m | 65.3x | 27869.1x | 71.1x |
| Sun, 14 Sep 2025 | AU$33.4b | AU$466.0m | AU$1.7m | 66.2x | 19496.6x | 71.6x |
| Tue, 12 Aug 2025 | AU$33.3b | AU$526.1m | -AU$41,766,406.08 | 174.8x | -798.3x | 63.4x |
| Thu, 10 Jul 2025 | AU$34.2b | AU$526.2m | -AU$41,855,149.17 | 179.9x | -817.1x | 65x |
| Sat, 07 Jun 2025 | AU$30.1b | AU$526.2m | -AU$41,528,777.34 | 156.3x | -724.9x | 57.2x |
| Mon, 05 May 2025 | AU$26.1b | AU$526.6m | -AU$41,550,181.22 | 136.8x | -629.2x | 49.6x |
| Wed, 02 Apr 2025 | AU$22.0b | AU$528.8m | -AU$41,672,712.27 | 116.2x | -528.5x | 41.6x |
| Fri, 28 Feb 2025 | AU$28.9b | AU$618.0m | -AU$47,465,826.67 | 121.9x | -609.5x | 46.8x |
| Sun, 26 Jan 2025 | AU$29.8b | AU$585.7m | -AU$63,885,605.90 | 139.3x | -466.2x | 50.8x |
| Tue, 24 Dec 2024 | AU$27.9b | AU$587.7m | -AU$64,258,307.02 | 146.2x | -434.6x | 47.5x |
| Thu, 21 Nov 2024 | AU$23.6b | AU$582.1m | -AU$62,909,723.04 | 201.8x | -375.6x | 40.6x |
| Sat, 19 Oct 2024 | AU$21.4b | AU$579.7m | -AU$62,390,384.47 | 243.4x | -343.7x | 37x |
| Mon, 16 Sep 2024 | AU$18.8b | AU$581.4m | -AU$62,713,913.86 | 211.6x | -299.6x | 32.3x |
| Wed, 14 Aug 2024 | AU$15.1b | AU$535.2m | -AU$82,406,429.22 | 110.2x | -183.4x | 28.2x |
| Fri, 12 Jul 2024 | AU$15.4b | AU$531.9m | -AU$81,301,672.69 | 112.7x | -189.8x | 29x |
| Sun, 09 Jun 2024 | AU$14.6b | AU$535.0m | -AU$82,259,894.92 | 106x | -177.1x | 27.2x |
| Tue, 07 May 2024 | AU$13.3b | AU$567.5m | -AU$89,821,665.86 | 98.2x | -148.5x | 23.5x |
| Thu, 04 Apr 2024 | AU$12.3b | AU$571.2m | -AU$103,037,081.64 | 89.4x | -119.8x | 21.6x |
| Sat, 02 Mar 2024 | AU$12.5b | AU$576.7m | -AU$98,504,115.56 | 90.3x | -127x | 21.7x |
| Mon, 29 Jan 2024 | AU$12.2b | AU$529.9m | -AU$141,017,502.00 | 105.5x | -86.6x | 23.1x |
| Wed, 27 Dec 2023 | AU$11.8b | AU$525.6m | -AU$138,905,120.00 | 105.2x | -84.6x | 22.4x |
| Fri, 24 Nov 2023 | AU$10.9b | AU$528.2m | -AU$106,927,317.00 | 100.4x | -101.7x | 20.6x |
| Sun, 22 Oct 2023 | AU$9.7b | AU$528.7m | -AU$107,906,889.00 | 88.6x | -90.1x | 18.4x |
| Tue, 19 Sep 2023 | AU$9.1b | AU$528.2m | -AU$112,948,489.00 | 85.5x | -80.2x | 17.1x |
| Thu, 17 Aug 2023 | AU$9.1b | AU$522.9m | -AU$144,904,305.00 | 84.6x | -62.6x | 17.4x |
| Sat, 15 Jul 2023 | AU$8.6b | AU$498.3m | -AU$152,950,742.00 | 95x | -56.4x | 17.3x |
| Mon, 12 Jun 2023 | AU$8.3b | AU$497.3m | -AU$151,340,682.00 | 93.3x | -54.5x | 16.6x |
| Wed, 10 May 2023 | AU$7.9b | AU$493.7m | -AU$145,626,921.00 | 89.1x | -54.4x | 16.1x |
| Fri, 07 Apr 2023 | AU$8.1b | AU$494.4m | -AU$145,556,806.00 | 90x | -55.8x | 16.4x |
| Sun, 05 Mar 2023 | AU$7.8b | AU$488.2m | -AU$137,672,812.00 | 87.6x | -56.4x | 15.9x |
Price to Earnings Ratio
-56.4x
Current Industry PE
- Investors are pessimistic on the Australian Healthcare Services 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 120x which is lower than its 3-year average PE of 2kx.
- The industry's 3-year average PS ratio of 36.7x is higher than the industry's current PS ratio of 30.3x.
Past Earnings Growth
- Total earnings for the Healthcare Services industry have gone up over the last three years, and the industry is now profitable.
- Revenues have remained mostly flat. This means that the industry has become more efficient since profits are increasing while sales have been flat.
Industry Trends
Which industries have driven the changes within the Australian Healthcare industry?
| AU Market | 1.42% | |
| Healthcare | -1.92% | |
| Healthtech | -5.09% | |
| Healthtech | -5.09% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| CGS Cogstate | AU$2.37 | 8.7% +AU$31.7m | 78.9% | PE26.6x | |
| ALC Alcidion Group | AU$0.11 | 10.0% +AU$13.4m | 22.2% | PE89.3x | |
| AYA Artrya | AU$3.29 | 1.9% +AU$9.5m | 296.4% | PS18574.9x | |
| SHG Singular Health Group | AU$0.24 | 9.1% +AU$6.3m | -4.0% | PS57.7x | |
| ENL Enlitic | AU$0.009 | 12.5% +AU$833.2k | -90.6% | PS1.8x |