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Belgian (BEL20) Healthcare Sector Analysis

UpdatedNov 02, 2025
DataAggregated Company Financials
Companies13
  • 7D-4.4%
  • 3M21.1%
  • 1Y26.3%
  • YTD17.6%

Over the last 7 days, the Healthcare industry has dropped 4.4%, driven by UCB declining 8.5%. Over the past 12 months, the industry was up 26%. Looking forward, earnings are forecast to grow by 23% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 02 Nov 2025€97.4b€12.7b€2.7b25.8x36.5x7.6x
Tue, 30 Sep 2025€91.6b€12.2b€2.4b33.4x37.7x7.5x
Thu, 28 Aug 2025€85.3b€12.1b€2.4b34.1x35.6x7x
Sat, 26 Jul 2025€73.9b€11.0b€1.9b36.4x38.1x6.7x
Mon, 23 Jun 2025€67.1b€11.0b€2.0b33.8x34.3x6.1x
Wed, 21 May 2025€70.3b€11.1b€2.0b34.7x35.6x6.4x
Fri, 18 Apr 2025€65.2b€10.7b€1.8b40.1x36.7x6.1x
Sun, 16 Mar 2025€76.3b€10.7b€1.9b43.7x40.3x7.1x
Tue, 11 Feb 2025€84.2b€9.8b€269.7m63.2x312.2x8.6x
Thu, 09 Jan 2025€84.6b€9.8b€269.7m61.6x313.7x8.7x
Sat, 07 Dec 2024€79.3b€9.7b€270.6m60x293.1x8.2x
Mon, 04 Nov 2024€76.0b€9.7b€282.0m60.4x269.6x7.8x
Wed, 02 Oct 2024€69.3b€9.4b€132.8m58x521.6x7.4x
Fri, 30 Aug 2024€67.3b€9.4b€62.1m58.7x1084.5x7.2x
Sun, 28 Jul 2024€63.8b€9.4b€50.9m57.7x1251.5x6.8x
Tue, 25 Jun 2024€57.8b€8.9b€34.7m52.9x1664.3x6.5x
Thu, 23 May 2024€51.6b€8.9b€37.2m49.4x1387.6x5.8x
Sat, 20 Apr 2024€49.8b€8.8b€58.0m46.4x858.7x5.7x
Mon, 18 Mar 2024€46.5b€8.7b€28.7m43.6x1622x5.4x
Wed, 14 Feb 2024€45.2b€9.1b-€88,442,410.6040.5x-511.5x5x
Fri, 12 Jan 2024€42.1b€9.1b-€124,225,039.0038.8x-338.8x4.6x
Sun, 10 Dec 2023€45.2b€9.1b-€128,952,747.0037x-350.8x5x
Tue, 07 Nov 2023€45.8b€9.1b-€145,474,634.0031.6x-314.5x5x
Thu, 05 Oct 2023€47.6b€9.0b-€305,701,823.0033.8x-155.8x5.3x
Sat, 02 Sep 2023€49.8b€9.0b-€364,541,143.0035.5x-136.5x5.5x
Mon, 31 Jul 2023€47.7b€8.9b-€325,571,831.0040.6x-146.6x5.3x
Wed, 28 Jun 2023€41.3b€9.1b-€348,588,447.0036.2x-118.5x4.5x
Fri, 26 May 2023€43.4b€9.1b-€357,752,143.0038.6x-121.4x4.8x
Sun, 23 Apr 2023€43.0b€8.9b-€266,967,671.0028.8x-161.1x4.8x
Tue, 21 Mar 2023€39.6b€8.9b-€268,909,073.0025.5x-147.3x4.5x
Thu, 16 Feb 2023€40.4b€9.1b€139.2m16.1x290.4x4.5x
Sat, 14 Jan 2023€42.3b€9.0b€127.4m15.9x331.8x4.7x
Mon, 12 Dec 2022€40.3b€9.0b€105.0m14.4x383.4x4.5x
Wed, 09 Nov 2022€40.8b€9.0b€67.1m14.5x607.6x4.5x
Price to Earnings Ratio

607.6x


Total Market Cap: €40.8bTotal Earnings: €67.1mTotal Revenue: €9.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Belgian Healthcare Sector Price to Earnings3Y Average 233.3x202320242025
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 39.8x which is lower than its 3-year average PE of 234x.
  • The 3-year average PS ratio of 6.0x is lower than the industry's current PS ratio of 8.0x.
Past Earnings Growth
  • The earnings for companies in the Healthcare industry have grown 232% per year over the last three years.
  • Revenues for these companies have grown 11% 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-1.35%
Healthcare-4.43%
Biotech0.51%
Life Sciences0%0
Healthcare Services-0.96%
Healthtech-1.89%
Medical Equipment-2.98%
Pharma-8.31%
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 27.0% 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 103% over the next 5 years.
  • In contrast, the Healthcare Services industry is expected to see its earnings grow by 14% 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€705.600.5%
+€220.3m
27.9%PE32.5x
HYL Hyloris Pharmaceuticals€5.929.6%
+€14.6m
2.1%PS19.6x

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