Narrative Update • Jun 28
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German (DAX) Healthcare Services Industry Analysis
UpdatedJul 09, 2026
DataAggregated Company Financials
Companies15
- 7D3.7%
- 3M-1.1%
- 1Y-2.4%
- YTD-6.0%
In the last week, the Healthcare Services industry is up 3.7%, with Fresenius SE KGaA up 3.3%. In the same time, FamiCord was down 17%. Overall in the last year, the industry is flat. 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 |
|---|---|---|---|---|---|---|
| Thu, 09 Jul 2026 | €37.4b | €47.9b | €2.6b | 15.5x | 14.5x | 0.8x |
| Sat, 06 Jun 2026 | €33.4b | €47.9b | €2.6b | 13.3x | 13x | 0.7x |
| Mon, 04 May 2026 | €35.8b | €48.1b | €2.6b | 16.7x | 13.8x | 0.7x |
| Wed, 01 Apr 2026 | €37.5b | €48.1b | €2.6b | 15.8x | 14.5x | 0.8x |
| Fri, 27 Feb 2026 | €42.0b | €47.6b | €2.2b | 17.2x | 19.3x | 0.9x |
| Sun, 25 Jan 2026 | €39.9b | €47.6b | €1.9b | 18.1x | 20.9x | 0.8x |
| Tue, 23 Dec 2025 | €41.1b | €47.6b | €1.9b | 17.4x | 21.5x | 0.9x |
| Thu, 20 Nov 2025 | €39.7b | €47.6b | €1.9b | 18.2x | 20.8x | 0.8x |
| Sat, 18 Oct 2025 | €42.3b | €47.2b | €1.8b | 20.1x | 23.2x | 0.9x |
| Mon, 15 Sep 2025 | €40.5b | €47.1b | €1.8b | 19.8x | 22x | 0.9x |
| Wed, 13 Aug 2025 | €38.9b | €47.0b | €1.8b | 21.3x | 21.2x | 0.8x |
| Fri, 11 Jul 2025 | €42.2b | €49.4b | €2.0b | 21.8x | 21.2x | 0.9x |
| Sun, 08 Jun 2025 | €44.5b | €49.4b | €2.0b | 20.9x | 22.3x | 0.9x |
| Tue, 06 May 2025 | €42.4b | €48.9b | €1.8b | 23x | 24x | 0.9x |
| Thu, 03 Apr 2025 | €40.1b | €48.9b | €1.8b | 21.1x | 22.5x | 0.8x |
| Sat, 01 Mar 2025 | €39.3b | €48.8b | €1.6b | 24x | 24.5x | 0.8x |
| Mon, 27 Jan 2025 | €38.8b | €49.7b | €345.3m | 21.6x | 112.4x | 0.8x |
| Wed, 25 Dec 2024 | €36.0b | €50.0b | €354.9m | 20.1x | 101.4x | 0.7x |
| Fri, 22 Nov 2024 | €34.9b | €50.0b | €352.5m | 18.5x | 99.1x | 0.7x |
| Sun, 20 Oct 2024 | €34.3b | €49.9b | €1.4b | 19.7x | 24.1x | 0.7x |
| Tue, 17 Sep 2024 | €34.5b | €49.6b | €1.4b | 19.7x | 24.2x | 0.7x |
| Thu, 15 Aug 2024 | €32.2b | €49.9b | €1.4b | 24.7x | 22.7x | 0.6x |
| Sat, 13 Jul 2024 | €31.8b | €49.7b | €969.1m | 24.5x | 32.8x | 0.6x |
| Mon, 10 Jun 2024 | €33.2b | €49.7b | €964.9m | 25.7x | 34.4x | 0.7x |
| Wed, 08 May 2024 | €31.0b | €49.5b | €999.0m | 22.7x | 31x | 0.6x |
| Fri, 05 Apr 2024 | €28.7b | €49.4b | €987.0m | 20.7x | 29.1x | 0.6x |
| Sun, 03 Mar 2024 | €29.6b | €68.7b | €1.6b | 19.6x | 18.1x | 0.4x |
| Tue, 30 Jan 2024 | €35.4b | €78.1b | €1.5b | 19.7x | 23x | 0.5x |
| Thu, 28 Dec 2023 | €36.4b | €78.1b | €1.5b | 19.8x | 23.6x | 0.5x |
| Sat, 25 Nov 2023 | €35.8b | €78.1b | €1.5b | 20.5x | 23.2x | 0.5x |
| Mon, 23 Oct 2023 | €32.9b | €78.3b | €1.7b | 17.9x | 19.7x | 0.4x |
| Wed, 20 Sep 2023 | €38.4b | €78.3b | €1.7b | 20.4x | 22.9x | 0.5x |
| Fri, 18 Aug 2023 | €38.7b | €78.3b | €1.7b | 21.5x | 23.2x | 0.5x |
| Sun, 16 Jul 2023 | €37.3b | €77.9b | €1.9b | 22.8x | 20x | 0.5x |
Price to Earnings Ratio
20x
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 14.5x which is lower than its 3-year average PE of 31.0x.
- The industry is trading close to its 3-year average PS ratio of 0.70x.
Past Earnings Growth
- The earnings for companies in the Healthcare industry have grown 11% 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 | -0.51% | |
| Healthcare | -0.60% | |
| Healthcare Services | 3.73% | |
| Healthcare Facilities | 4.29% | |
| Healthcare Services | 3.75% | |
| Healthcare Distributors | 0.68% | |
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 42.3%, which is higher than its past year's earnings decline of 10.3% per year.
- Investors are most pessimistic about the Healthcare Services industry, which is trading below its 3-year average of 32.9x.
Forecasted Growth
- Analysts are most optimistic on the Healthcare Distributors industry, expecting annual earnings growth of 42% over the next 5 years.
- This is better than its past earnings decline of 10% per year.
- 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| FRE Fresenius SE KGaA | €42.40 | 3.3% +€771.6m | 0.3% | PE15.8x | |
| FME Fresenius Medical Care | €42.00 | 4.8% +€513.0m | -10.4% | PE11.9x | |
| RHK RHÖN-KLINIKUM | €14.00 | 8.5% +€73.6m | 15.7% | PE23.4x | |
| VME Viromed Medical | €7.10 | 5.2% +€7.4m | 69.0% | PE249.6x | |
| MED MEDICLIN | €4.04 | 1.5% +€2.9m | 35.6% | PE6.6x |