Alcidion Group Limited (ASX:ALC) Surges 33% Yet Its Low P/S Is No Reason For Excitement
Jan 14
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Australian (ASX) Healthtech Industry Analysis
UpdatedJan 15, 2026
DataAggregated Company Financials
Companies16
- 7D-1.8%
- 3M-20.5%
- 1Y-4.6%
- YTD-4.8%
Over the last 7 days, the Healthtech industry has dropped 1.8%, driven by a pullback from Pro Medicus of 4.4%. Meanwhile, Alcidion Group actually outperformed within the industry, gaining 17% in the last week. The industry has fallen 4.6% in the last year. Earnings are forecast to grow by 25% 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 |
|---|---|---|---|---|---|---|
| Fri, 16 Jan 2026 | AU$26.5b | AU$465.2m | AU$2.0m | 81.6x | 13096.4x | 57x |
| Sun, 14 Dec 2025 | AU$27.6b | AU$465.9m | AU$1.7m | 65.1x | 16213.4x | 59.2x |
| Tue, 11 Nov 2025 | AU$29.6b | AU$467.4m | AU$1.5m | 58.6x | 19633.6x | 63.3x |
| Thu, 09 Oct 2025 | AU$34.1b | AU$466.9m | AU$1.6m | 65.1x | 21874.3x | 73x |
| Sat, 06 Sep 2025 | AU$33.2b | AU$467.6m | AU$1.3m | 63.9x | 25788x | 71x |
| Mon, 04 Aug 2025 | AU$34.2b | AU$526.9m | -AU$41,965,020.33 | 179.8x | -814.6x | 64.9x |
| Wed, 02 Jul 2025 | AU$31.1b | AU$526.1m | -AU$41,845,871.42 | 164.6x | -743.3x | 59.1x |
| Fri, 30 May 2025 | AU$30.4b | AU$526.7m | -AU$41,548,458.74 | 157.5x | -730.5x | 57.6x |
| Sun, 27 Apr 2025 | AU$23.2b | AU$527.4m | -AU$41,896,688.28 | 121.9x | -553.7x | 44x |
| Tue, 25 Mar 2025 | AU$25.3b | AU$528.2m | -AU$41,528,960.59 | 132.6x | -609.3x | 47.9x |
| Thu, 20 Feb 2025 | AU$31.0b | AU$608.3m | -AU$48,148,108.40 | 118.5x | -642.9x | 50.9x |
| Sat, 18 Jan 2025 | AU$27.3b | AU$586.6m | -AU$64,081,213.97 | 149.8x | -426.5x | 46.6x |
| Mon, 16 Dec 2024 | AU$27.4b | AU$585.4m | -AU$63,729,266.62 | 208.8x | -429.7x | 46.8x |
| Wed, 13 Nov 2024 | AU$22.6b | AU$582.1m | -AU$62,907,540.04 | 177.5x | -358.9x | 38.8x |
| Fri, 11 Oct 2024 | AU$20.9b | AU$579.8m | -AU$62,493,509.77 | 236.2x | -334.3x | 36x |
| Sun, 08 Sep 2024 | AU$17.4b | AU$582.9m | -AU$63,743,970.25 | 195.8x | -273.7x | 29.9x |
| Tue, 06 Aug 2024 | AU$15.0b | AU$538.4m | -AU$83,150,497.93 | 109.6x | -180.6x | 27.9x |
| Thu, 04 Jul 2024 | AU$15.6b | AU$532.6m | -AU$81,537,105.87 | 113.3x | -191.9x | 29.4x |
| Sat, 01 Jun 2024 | AU$14.0b | AU$533.4m | -AU$81,823,109.70 | 102.8x | -170.5x | 26.2x |
| Mon, 29 Apr 2024 | AU$13.1b | AU$569.2m | -AU$90,277,604.31 | 95.8x | -145x | 23x |
| Wed, 27 Mar 2024 | AU$12.2b | AU$570.9m | -AU$103,049,461.93 | 88.7x | -118.1x | 21.3x |
| Fri, 23 Feb 2024 | AU$11.5b | AU$545.9m | -AU$125,650,127.75 | 89.5x | -91.6x | 21.1x |
| Sun, 21 Jan 2024 | AU$12.2b | AU$529.4m | -AU$140,830,769.00 | 106x | -86.9x | 23.1x |
| Tue, 19 Dec 2023 | AU$11.4b | AU$526.1m | -AU$106,374,355.00 | 101.4x | -106.7x | 21.6x |
| Thu, 16 Nov 2023 | AU$10.7b | AU$526.0m | -AU$107,737,086.00 | 98.5x | -99.5x | 20.4x |
| Sat, 14 Oct 2023 | AU$10.3b | AU$529.1m | -AU$107,947,847.00 | 93.5x | -95.7x | 19.5x |
| Mon, 11 Sep 2023 | AU$9.3b | AU$530.2m | -AU$113,583,855.00 | 85.6x | -82x | 17.6x |
| Wed, 09 Aug 2023 | AU$9.2b | AU$503.7m | -AU$154,300,931.00 | 96.6x | -59.5x | 18.2x |
| Fri, 07 Jul 2023 | AU$8.5b | AU$501.2m | -AU$153,190,817.00 | 91.4x | -55.2x | 16.9x |
| Sun, 04 Jun 2023 | AU$8.1b | AU$499.5m | -AU$151,979,678.00 | 92.5x | -53.6x | 16.3x |
| Tue, 02 May 2023 | AU$8.0b | AU$495.5m | -AU$146,133,271.00 | 88.1x | -54.5x | 16.1x |
| Thu, 30 Mar 2023 | AU$8.2b | AU$494.0m | -AU$145,169,241.00 | 90.5x | -56.5x | 16.6x |
| Sat, 25 Feb 2023 | AU$7.9b | AU$459.3m | -AU$147,556,383.00 | 72.3x | -53.6x | 17.2x |
| Mon, 23 Jan 2023 | AU$8.2b | AU$441.2m | -AU$155,560,267.00 | 88x | -52.6x | 18.5x |
Price to Earnings Ratio
-52.6x
Current Industry PE
- Investors are optimistic on the Australian Healthcare Services industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 13kx which is higher than its 3-year average PE of 2kx.
- The industry's 3-year average PS ratio of 35.7x is exceeded by the industry's current PS ratio of 57.0x.
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 | 1.58% | |
| Healthcare | 1.12% | |
| Healthtech | -1.84% | |
| Healthtech | -1.84% | |
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 | |
|---|---|---|---|---|---|
| ALC Alcidion Group | AU$0.14 | 17.4% +AU$26.9m | 125.0% | PE109.6x | |
| BB1 BlinkLab | AU$0.92 | 7.0% +AU$7.6m | 253.8% | PS308.4x | |
| M7T Mach7 Technologies | AU$0.61 | 2.5% +AU$3.5m | 80.9% | PS4.3x | |
| AHE Adheris Health | AU$0.022 | 22.2% +AU$2.5m | -90.0% | PS0.2x | |
| SHG Singular Health Group | AU$0.28 | 1.9% +AU$1.6m | -1.8% | PS154.8x |
