Header cover image

Belgian (BEL20) Healthcare Sector Analysis

UpdatedJun 17, 2025
DataAggregated Company Financials
Companies13
  • 7D-2.2%
  • 3M-12.0%
  • 1Y24.5%
  • YTD-16.8%

Over the last 7 days, the Healthcare industry has dropped 1.0%, driven by a pullback from argenx of 2.1%. In the past year, the industry has gained 27%. As for the next few years, earnings are expected to grow by 23% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 17 Jun 2025€68.8b€11.0b€2.0b34.2x35.2x6.3x
Thu, 15 May 2025€66.5b€11.1b€2.0b33.7x33.2x6x
Sat, 12 Apr 2025€63.8b€10.7b€1.8b35.9x35.8x6x
Mon, 10 Mar 2025€78.5b€10.7b€1.9b43.9x41.2x7.3x
Wed, 05 Feb 2025€83.0b€9.8b€269.9m61.1x307.5x8.5x
Fri, 03 Jan 2025€82.0b€9.8b€269.5m61.5x304.3x8.4x
Sun, 01 Dec 2024€79.1b€9.7b€270.7m60x292.2x8.1x
Tue, 29 Oct 2024€73.5b€9.5b€130.3m61.6x563.9x7.8x
Thu, 26 Sep 2024€69.4b€9.4b€133.8m58x518.6x7.4x
Sat, 24 Aug 2024€66.1b€9.4b€64.0m58.1x1032.4x7.1x
Mon, 22 Jul 2024€59.9b€8.9b€39.0m55.4x1536.8x6.7x
Wed, 19 Jun 2024€54.9b€8.9b€35.0m54.2x1568.3x6.2x
Fri, 17 May 2024€50.6b€8.9b€38.5m48.4x1314.2x5.7x
Sun, 14 Apr 2024€50.7b€8.8b€57.9m47.2x875.3x5.8x
Tue, 12 Mar 2024€48.5b€9.4b-€123,093,628.2044.9x-394.4x5.2x
Thu, 08 Feb 2024€44.3b€9.1b-€87,152,677.1039.8x-508.6x4.9x
Sat, 06 Jan 2024€42.2b€9.1b-€124,436,086.0038.7x-338.8x4.6x
Mon, 04 Dec 2023€43.7b€9.1b-€122,502,876.0034x-357x4.8x
Wed, 01 Nov 2023€44.7b€9.2b-€149,489,996.0032.4x-298.7x4.9x
Fri, 29 Sep 2023€46.8b€9.0b-€303,164,342.0033.8x-154.2x5.2x
Sun, 27 Aug 2023€48.8b€9.0b-€338,505,454.0040.7x-144.3x5.4x
Tue, 25 Jul 2023€49.5b€9.1b-€342,553,818.0037.3x-144.4x5.4x
Thu, 22 Jun 2023€42.1b€9.1b-€350,041,228.0038x-120.1x4.6x
Sat, 20 May 2023€44.8b€9.1b-€354,846,582.0040.3x-126.2x4.9x
Mon, 17 Apr 2023€42.7b€8.9b-€266,138,670.0029.1x-160.6x4.8x
Wed, 15 Mar 2023€40.0b€8.7b-€453,481,608.0025.9x-88.2x4.6x
Fri, 10 Feb 2023€40.8b€9.0b€116.9m16.3x349x4.5x
Sun, 08 Jan 2023€40.7b€9.0b€113.9m15.6x357x4.5x
Tue, 06 Dec 2022€40.6b€9.0b€102.5m14.2x395.8x4.5x
Thu, 03 Nov 2022€41.9b€9.0b€54.3m14.6x771.7x4.7x
Sat, 01 Oct 2022€39.9b€8.8b€51.1m14.2x781.2x4.5x
Mon, 29 Aug 2022€41.7b€8.8b€75.2m14.6x553.9x4.7x
Wed, 27 Jul 2022€41.7b€8.9b€648.9m16.3x64.2x4.7x
Fri, 24 Jun 2022€41.2b€8.9b€608.8m17.5x67.7x4.6x
Price to Earnings Ratio

67.7x


Total Market Cap: €41.2bTotal Earnings: €608.8mTotal Revenue: €8.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Belgian Healthcare Sector Price to Earnings3Y Average 288.3x202320242025
Current Industry PE
  • Investors are pessimistic on the Belgian 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 36.0x which is lower than its 3-year average PE of 288x.
  • The 3-year average PS ratio of 5.7x is lower than the industry's current PS ratio of 6.4x.
Past Earnings Growth
  • The earnings for companies in the Healthcare industry have grown 47% per year over the last three years.
  • Revenues for these companies have grown 7.5% 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 Belgian Healthcare sector?

BE Market-0.083%
Healthcare-2.23%
Pharma0.87%
Life Sciences0%0
Healthcare Services-0.23%
Healthtech-2.65%
Medical Equipment-3.16%
Biotech-5.89%
Industry PE
  • Investors are most optimistic about the Biotech industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 26.9% and investors are willing to pay a premium for that growth.
Forecasted Growth
  • Analysts are most optimistic on the Healthtech industry, expecting annual earnings growth of 93% over the next 5 years.
  • In contrast, the Healthcare Services industry is expected to see its earnings grow by 12% 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
FAGR Fagron€22.000.9%
+€14.6m
23.0%PE19.9x
ALEMS European Medical Solutions€4.708.0%
+€1.5m
-35.8%PE36.4x
SEQUA Sequana Medical€1.012.1%
+€1.2m
-31.5%PS547.7x
CYAD Celyad Oncology€0.416.2%
+€994.3k
33.8%PS92.2x
BIOS BioSenic€0.002210.0%
+€130.6k
-88.2%PS0.5x
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Latest News

UCB

€158.15

UCB

7D

-4.0%

1Y

14.1%

ARGX

€472.80

argenx

7D

-6.9%

1Y

32.8%

AGFB

€1.04

Agfa-Gevaert

7D

-2.1%

1Y

-11.1%

ONWD

€4.39

Onward Medical

7D

-0.1%

1Y

-9.8%

SEQUA

€1.01

Sequana Medical

7D

2.1%

1Y

-31.5%

ALEMS

€4.70

European Medical Solutions

7D

8.0%

1Y

-35.8%

NYXH

€6.79

Nyxoah

7D

-1.6%

1Y

-14.7%

IBAB

€11.98

Ion Beam Applications

7D

-4.5%

1Y

-13.1%

FAGR

€22.00

Fagron

7D

0.9%

1Y

23.0%

HYL

€5.90

Hyloris Pharmaceuticals

7D

-1.7%

1Y

-49.6%

TUB

€126.80

Financière de Tubize

7D

-2.5%

1Y

18.1%

BIOS

€0.0022

BioSenic

7D

10.0%

1Y

-88.2%

CYAD

€0.41

Celyad Oncology

7D

6.2%

1Y

33.8%