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Belgian (BEL20) Healthcare Sector Analysis

UpdatedFeb 01, 2026
DataAggregated Company Financials
Companies11
  • 7D-0.5%
  • 3M7.0%
  • 1Y22.6%
  • YTD3.0%

The Healthcare industry has stayed flat over the last week. The past year has been better, since the industry has gained 23% in that time. Earnings are forecast to grow by 21% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 01 Feb 2026€103.9b€12.6b€2.6b29.7x39.7x8.2x
Tue, 30 Dec 2025€100.6b€12.7b€2.6b27.8x38.3x8x
Thu, 27 Nov 2025€105.8b€12.7b€2.6b26.4x40x8.3x
Sat, 25 Oct 2025€101.9b€12.2b€2.4b27.2x41.8x8.3x
Mon, 22 Sep 2025€86.9b€12.2b€2.4b32.1x35.8x7.1x
Wed, 20 Aug 2025€80.5b€12.1b€2.4b33.7x33.6x6.6x
Fri, 18 Jul 2025€72.0b€11.0b€1.9b33.1x37x6.6x
Sun, 15 Jun 2025€70.3b€11.0b€2.0b34.9x36x6.4x
Tue, 13 May 2025€68.7b€11.1b€2.0b34.3x34.2x6.2x
Thu, 10 Apr 2025€60.5b€10.7b€1.8b36x33.5x5.6x
Sat, 08 Mar 2025€78.5b€10.7b€1.9b44x41.2x7.3x
Mon, 03 Feb 2025€84.1b€9.8b€269.9m62.7x311.6x8.6x
Wed, 01 Jan 2025€81.3b€9.8b€270.0m60.1x301.1x8.3x
Fri, 29 Nov 2024€78.7b€9.7b€270.6m59.7x291x8.1x
Sun, 27 Oct 2024€73.9b€9.5b€129.9m61.5x569.3x7.8x
Tue, 24 Sep 2024€68.0b€9.4b€134.4m57.9x505.9x7.2x
Thu, 22 Aug 2024€66.4b€9.4b€63.4m57.9x1047.4x7.1x
Sat, 20 Jul 2024€59.9b€8.9b€39.0m55.4x1536.8x6.7x
Mon, 17 Jun 2024€55.0b€8.9b€34.0m53.9x1616.2x6.2x
Wed, 15 May 2024€49.4b€8.9b€32.2m47.8x1536x5.5x
Fri, 12 Apr 2024€50.1b€8.8b€60.2m46.5x831.1x5.7x
Sun, 10 Mar 2024€48.6b€9.4b-€122,798,575.2046.2x-396.1x5.2x
Tue, 06 Feb 2024€44.1b€9.1b-€87,762,369.3039x-502.6x4.9x
Thu, 04 Jan 2024€41.6b€9.1b-€125,467,873.0038.6x-331.9x4.6x
Sat, 02 Dec 2023€43.7b€9.1b-€122,307,355.0034x-357.6x4.8x
Mon, 30 Oct 2023€44.3b€9.0b-€303,609,514.0031.8x-146x4.9x
Wed, 27 Sep 2023€47.3b€9.0b-€363,095,963.0034.4x-130.1x5.2x
Fri, 25 Aug 2023€48.6b€9.0b-€337,570,592.0040.7x-144x5.4x
Sun, 23 Jul 2023€50.4b€9.1b-€340,542,274.0037.6x-147.9x5.5x
Tue, 20 Jun 2023€42.2b€9.1b-€349,873,599.0038x-120.6x4.6x
Thu, 18 May 2023€43.8b€9.1b-€348,910,191.0039.1x-125.5x4.8x
Sat, 15 Apr 2023€42.7b€8.9b-€266,138,670.0029.1x-160.6x4.8x
Mon, 13 Mar 2023€39.6b€8.7b-€461,676,032.0026x-85.7x4.5x
Wed, 08 Feb 2023€40.1b€9.0b€116.3m15x344.9x4.5x
Price to Earnings Ratio

344.9x


Total Market Cap: €40.1bTotal Earnings: €116.3mTotal Revenue: €9.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Belgian Healthcare Sector Price to Earnings3Y Average 202.8x202420252026
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 39.8x which is lower than its 3-year average PE of 203x.
  • The 3-year average PS ratio of 6.3x is lower than the industry's current PS ratio of 8.2x.
Past Earnings Growth
  • The earnings for companies in the Healthcare industry have grown 182% per year over the last three years.
  • Revenues for these companies have grown 12% 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 Market1.42%
Healthcare-0.54%
Biotech0.40%
Life Sciences0%0
Healthtech-0.10%
Pharma-1.14%
Medical Equipment-2.38%
Healthcare Services-2.85%
Industry PE
  • Investors are most optimistic about the Pharma industry even though it's trading below its 3-year average PE ratio of 59.8x.
    • Analysts are expecting annual earnings growth of 18.3%, which is lower than the prior year's growth of 229.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthtech industry, expecting annual earnings growth of 97% over the next 5 years.
  • In contrast, the Healthcare Services industry is expected to see its earnings grow by 15% 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
ARGX argenx€703.800.4%
+€171.4m
9.5%PE33.3x
SEQUA Sequana Medical€0.638.2%
+€3.4m
-73.7%PE-0.9x
CYAD Celyad Oncology€0.171.2%
+€89.5k
-59.3%PS42.1x

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