Narrative Update • Aug 21
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German (DAX) Healthcare Services Industry Analysis
UpdatedAug 23, 2026
DataAggregated Company Financials
Companies15
- 7D-1.4%
- 3M16.0%
- 1Y-2.9%
- YTD-1.1%
Over the last 7 days, the Healthcare Services industry has dropped 1.4%, driven by declines in Fresenius SE KGaA and Fresenius Medical Care of 1.0% and 2.2%, respectively. On the other hand MEDICLIN is actually up 5.6%. Over the last year, the industry has been flat overall. Looking forward, earnings are forecast to grow by 13% annually.
Industry Valuation and Performance
Has the German Healthcare Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 24 Aug 2026 | €39.2b | €48.4b | €2.6b | 15.3x | 15x | 0.8x |
| Wed, 22 Jul 2026 | €38.4b | €47.9b | €2.6b | 14.7x | 14.9x | 0.8x |
| Fri, 19 Jun 2026 | €35.4b | €47.9b | €2.6b | 14.6x | 13.8x | 0.7x |
| Sun, 17 May 2026 | €34.0b | €48.0b | €2.6b | 12.7x | 13.3x | 0.7x |
| Tue, 14 Apr 2026 | €38.0b | €48.1b | €2.6b | 16.1x | 14.7x | 0.8x |
| Thu, 12 Mar 2026 | €39.6b | €47.6b | €2.2b | 16.7x | 18.2x | 0.8x |
| Sat, 07 Feb 2026 | €41.6b | €47.6b | €1.9b | 17.9x | 21.8x | 0.9x |
| Mon, 05 Jan 2026 | €40.4b | €47.6b | €1.9b | 18x | 21.2x | 0.8x |
| Wed, 03 Dec 2025 | €40.3b | €47.6b | €1.9b | 18.1x | 21.1x | 0.8x |
| Fri, 31 Oct 2025 | €43.8b | €47.2b | €1.8b | 20.2x | 24x | 0.9x |
| Sun, 28 Sep 2025 | €40.7b | €47.1b | €1.8b | 19.5x | 22.1x | 0.9x |
| Tue, 26 Aug 2025 | €41.4b | €47.1b | €1.8b | 20.6x | 22.5x | 0.9x |
| Thu, 24 Jul 2025 | €39.0b | €46.8b | €1.9b | 20.6x | 20.5x | 0.8x |
| Sat, 21 Jun 2025 | €42.0b | €49.4b | €2.0b | 20.6x | 21.1x | 0.8x |
| Mon, 19 May 2025 | €44.1b | €49.4b | €2.0b | 20.3x | 22.1x | 0.9x |
| Wed, 16 Apr 2025 | €39.9b | €48.9b | €1.8b | 22.2x | 22.4x | 0.8x |
| Fri, 14 Mar 2025 | €38.8b | €48.8b | €1.6b | 23.3x | 24.2x | 0.8x |
| Sun, 09 Feb 2025 | €39.1b | €49.7b | €345.3m | 21.2x | 113.3x | 0.8x |
| Tue, 07 Jan 2025 | €36.8b | €49.7b | €345.3m | 21.5x | 106.5x | 0.7x |
| Thu, 05 Dec 2024 | €36.7b | €50.0b | €354.9m | 19.7x | 103.4x | 0.7x |
| Sat, 02 Nov 2024 | €34.3b | €49.9b | €1.4b | 19.3x | 24x | 0.7x |
| Mon, 30 Sep 2024 | €34.6b | €49.9b | €1.4b | 20.2x | 24.3x | 0.7x |
| Wed, 28 Aug 2024 | €33.3b | €49.9b | €1.4b | 26x | 23.5x | 0.7x |
| Fri, 26 Jul 2024 | €33.4b | €49.7b | €969.1m | 24.4x | 34.5x | 0.7x |
| Sun, 23 Jun 2024 | €30.7b | €49.7b | €969.1m | 23.7x | 31.7x | 0.6x |
| Tue, 21 May 2024 | €31.7b | €49.7b | €959.4m | 24.6x | 33.1x | 0.6x |
| Thu, 18 Apr 2024 | €29.5b | €49.4b | €987.0m | 20.9x | 29.8x | 0.6x |
| Sat, 16 Mar 2024 | €28.6b | €49.4b | €1.0b | 20.2x | 27.3x | 0.6x |
| Mon, 12 Feb 2024 | €29.0b | €68.7b | €1.6b | 20.2x | 18.3x | 0.4x |
| Wed, 10 Jan 2024 | €36.2b | €78.1b | €1.5b | 19.8x | 23.5x | 0.5x |
| Fri, 08 Dec 2023 | €36.3b | €78.1b | €1.5b | 20.4x | 23.6x | 0.5x |
| Sun, 05 Nov 2023 | €32.7b | €78.0b | €1.5b | 21.1x | 22.3x | 0.4x |
| Tue, 03 Oct 2023 | €37.6b | €78.3b | €1.7b | 20.2x | 22.5x | 0.5x |
| Thu, 31 Aug 2023 | €38.4b | €78.3b | €1.7b | 21x | 23.1x | 0.5x |
Price to Earnings Ratio
23.1x
Current Industry PE
- Investors are pessimistic on the German 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 15.0x which is lower than its 3-year average PE of 30.8x.
- The industry is trading close to its 3-year average PS ratio of 0.71x.
Past Earnings Growth
- The earnings for companies in the Healthcare industry have grown 16% per year over the last three years.
- Meanwhile revenues for these companies have declined 15% per year.
- This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.
Industry Trends
Which industries have driven the changes within the German Healthcare industry?
| DE Market | -0.58% | |
| Healthcare | 0.93% | |
| Healthcare Services | -1.35% | |
| Healthcare Facilities | -0.99% | |
| Healthcare Services | -2.17% | |
| Healthcare Distributors | -3.85% | |
Industry PE
- Investors are most optimistic about the Healthcare Distributors industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 47.4%, which is higher than its past year's earnings decline of 11.7% per year.
- Investors are most pessimistic about the Healthcare Services industry, which is trading below its 3-year average of 32.7x.
Forecasted Growth
- Analysts are most optimistic on the Healthcare Distributors industry, expecting annual earnings growth of 47% over the next 5 years.
- This is better than its past earnings decline of 12% per year.
- In contrast, the Healthcare Facilities 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| MED MEDICLIN | €5.05 | 5.6% +€12.8m | 65.0% | PE8.2x | |
| V3V FamiCord | €2.85 | 3.6% +€1.7m | -53.7% | PS0.6x | |
| BMP BMP Pharma Trading | €6.20 | 1.6% +€525.0k | n/a | PE9x | |
| EIF MedNation | €3.90 | 2.6% +€280.8k | 120.3% | PE4.4x |
