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Danish (OMX) Healthcare Sector Analysis

UpdatedApr 03, 2026
DataAggregated Company Financials
Companies20
  • 7D3.7%
  • 3M-25.0%
  • 1Y-37.8%
  • YTD-25.0%

The Healthcare industry is up 3.7% in the last week, with Novo Nordisk up 3.7%. During this same period, the Stenocare underperformed, falling 8.2%. In contrast, the industry has lost 38% in the last 12 months. Looking forward, earnings are forecast to grow by 5.2% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 03 Apr 2026DKK 1.5tDKK 447.8bDKK 130.0b17.4x11.3x3.3x
Sun, 01 Mar 2026DKK 1.5tDKK 447.7bDKK 131.0b18.7x11.4x3.3x
Tue, 27 Jan 2026DKK 2.3tDKK 453.4bDKK 136.7b18.6x16.5x5x
Thu, 25 Dec 2025DKK 2.0tDKK 453.7bDKK 136.8b17.1x14.4x4.3x
Sat, 22 Nov 2025DKK 1.9tDKK 454.4bDKK 137.1b17.1x13.5x4.1x
Mon, 20 Oct 2025DKK 2.0tDKK 447.5bDKK 141.7b19x14.4x4.5x
Wed, 17 Sep 2025DKK 2.1tDKK 447.0bDKK 141.6b19.1x14.7x4.7x
Fri, 15 Aug 2025DKK 1.9tDKK 444.6bDKK 140.3b27.8x13.5x4.3x
Sun, 13 Jul 2025DKK 2.4tDKK 423.1bDKK 124.5b29.9x19.3x5.7x
Tue, 10 Jun 2025DKK 2.7tDKK 423.8bDKK 124.7b30.7x21.3x6.3x
Thu, 08 May 2025DKK 2.4tDKK 422.7bDKK 124.7b22x19.5x5.7x
Sat, 05 Apr 2025DKK 2.4tDKK 409.5bDKK 121.3b22.8x19.4x5.8x
Mon, 03 Mar 2025DKK 3.4tDKK 410.1bDKK 121.4b28.6x27.9x8.3x
Wed, 29 Jan 2025DKK 3.3tDKK 387.4bDKK 111.3b29x29.9x8.6x
Fri, 27 Dec 2024DKK 3.3tDKK 387.4bDKK 111.3b29.8x29.5x8.5x
Sun, 24 Nov 2024DKK 3.9tDKK 387.4bDKK 111.3b31x35x10.1x
Tue, 22 Oct 2024DKK 4.2tDKK 372.1bDKK 107.2b37.6x38.9x11.2x
Thu, 19 Sep 2024DKK 4.5tDKK 371.9bDKK 107.1b36.1x42.2x12.2x
Sat, 17 Aug 2024DKK 4.7tDKK 370.7bDKK 107.0b37.2x43.9x12.7x
Mon, 15 Jul 2024DKK 4.9tDKK 355.2bDKK 106.2b35.5x46.6x13.9x
Wed, 12 Jun 2024DKK 4.9tDKK 355.3bDKK 106.2b35.7x46.3x13.9x
Fri, 10 May 2024DKK 4.5tDKK 355.3bDKK 106.5b34.6x42.3x12.7x
Sun, 07 Apr 2024DKK 4.5tDKK 341.2bDKK 99.6b37.4x44.7x13x
Tue, 05 Mar 2024DKK 4.5tDKK 340.0bDKK 98.9b38x45.6x13.3x
Thu, 01 Feb 2024DKK 4.0tDKK 320.8bDKK 90.1b31.8x44.2x12.4x
Sat, 30 Dec 2023DKK 3.6tDKK 320.4bDKK 90.0b32.8x40.4x11.3x
Mon, 27 Nov 2023DKK 3.7tDKK 320.5bDKK 90.0b32.8x41.2x11.6x
Wed, 25 Oct 2023DKK 3.5tDKK 305.5bDKK 82.2b27.6x42.9x11.5x
Fri, 22 Sep 2023DKK 3.4tDKK 305.5bDKK 82.2b34.4x41.4x11.1x
Sun, 20 Aug 2023DKK 3.3tDKK 303.2bDKK 81.2b36.8x40.8x10.9x
Tue, 18 Jul 2023DKK 2.9tDKK 286.9bDKK 75.4b39.3x38.9x10.2x
Thu, 15 Jun 2023DKK 3.0tDKK 287.1bDKK 75.5b40x39.9x10.5x
Sat, 13 May 2023DKK 3.2tDKK 284.8bDKK 75.0b41.2x43x11.3x
Mon, 10 Apr 2023DKK 3.0tDKK 272.4bDKK 68.5b39.4x43.5x10.9x
Price to Earnings Ratio

43.5x


Total Market Cap: DKK 3.0tTotal Earnings: DKK 68.5bTotal Revenue: DKK 272.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Danish Healthcare Sector Price to Earnings3Y Average 31.8x202420252026
Current Industry PE
  • Investors are pessimistic on the Danish 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 11.3x which is lower than its 3-year average PE of 31.8x.
  • The 3-year average PS ratio of 9.1x is higher than the industry's current PS ratio of 3.3x.
Past Earnings Growth
  • The earnings for companies in the Healthcare industry have grown 24% per year over the last three years.
  • Revenues for these companies have grown 18% 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 Danish Healthcare sector?

DK Market4.17%
Healthcare3.69%
Healthtech7.72%
Life Sciences4.37%
Biotech4.14%
Pharma3.66%
Medical Equipment3.45%
Healthcare Services-1.22%
Industry PE
  • Investors are most optimistic about the Healthcare Services industry which is trading above its 3-year average PE ratio of 511x.
    • Analysts are expecting annual earnings growth of 85.3%, which is higher than its past year's earnings decline of 99.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare Services industry, expecting annual earnings growth of 85% over the next 5 years.
  • This is better than its past earnings decline of 100% per year.
  • In contrast, the Life Sciences industry is expected to see its earnings decline by 8.9% 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
NOVO B Novo NordiskDKK 236.903.7%
+DKK 37.0b		-45.2%PE10.3x
GMAB GenmabDKK 1.76k4.5%
+DKK 4.7b		40.5%PE17.3x
COLO B ColoplastDKK 442.803.0%
+DKK 2.9b		-36.1%PE25x
HLUN B H. LundbeckDKK 40.785.5%
+DKK 2.1b		34.5%PE12.7x
DEMANT DemantDKK 195.605.1%
+DKK 2.0b		-9.8%PE17.4x

Latest News

STENO
DKK 1.06
Stenocare
7D
-8.2%
1Y
199.4%
ALK B
DKK 205.80
ALK-Abelló
7D
1.9%
1Y
45.9%
GMAB
DKK 1,758.50
Genmab
7D
4.5%
1Y
40.5%

GMAB: 2026 Late Stage Oncology Catalysts Will Support Stronger Margin Profile

Genmab's updated analyst price target now sits at DKK 3,017, a modest reset from DKK 3,060 as analysts factor in higher discount rates, revised long term margin expectations, and recent research that reflects both increased revenue growth assumptions and a lower future P/E multiple. Analyst Commentary Recent Street research around Genmab has centered on how new clinical and portfolio developments filter into valuation, with several bullish analysts updating price targets and investment cases to reflect revised expectations on execution and long term growth potential.
VIRO
DKK 11.20
ViroGates
7D
-2.2%
1Y
62.8%
NOVO B
DKK 236.90
Novo Nordisk
7D
3.7%
1Y
-45.2%
ZEAL
DKK 298.00
Zealand Pharma
7D
3.5%
1Y
-30.1%
COLO B
DKK 442.80
Coloplast
7D
3.0%
1Y
-36.1%

COLO B: New CEO Appointment And Reset P/E Will Support Future Re Rating

Coloplast's analyst fair value target has been trimmed from DKK 579.78 to DKK 567.16, as analysts factor in slightly lower long term growth, modestly softer margin assumptions and small adjustments to future P/E expectations following a mix of recent target cuts and one upgrade. Analyst Commentary Recent research on Coloplast has been mixed, with several target cuts alongside one upgrade.
PEG
DKK 0.087
Pharma Equity Group
7D
-2.7%
1Y
-37.2%
MONSO
DKK 0.13
Monsenso
7D
-3.7%
1Y
-39.8%
DEMANT
DKK 195.60
Demant
7D
5.1%
1Y
-9.8%

DEMANT: Recent Upgrades And 2026 Guidance May Support Further Upside

Analysts have trimmed the fair value estimate for Demant slightly to DKK 231.61 from DKK 232.17, reflecting a modest recalibration of price targets after a mix of recent upgrades and target reductions across the Street. Analyst Commentary Recent research on Demant has been mixed, with both upgrades and target cuts contributing to the slightly lower blended fair value estimate.
EMBLA
DKK 27.00
Embla Medical hf
7D
4.2%
1Y
-7.2%

EMBLA: Capital Reduction And Buybacks Will Support Attractive Long Term Upside

Analysts have kept the fair value estimate for Embla Medical hf. steady at DKK 34.00.
HLUN B
DKK 40.78
H. Lundbeck
7D
5.5%
1Y
34.5%

HLUN B: Neurology Pipeline Progress Will Support Future Margin Expansion

Analysts have reduced their price target on H. Lundbeck to DKK 61.99 from DKK 66.52, reflecting updated assumptions for slightly softer revenue growth, profit margins, and a lower future P/E multiple.
SMSMED
DKK 3.23
Scandinavian Medical Solutions
7D
-1.2%
1Y
-21.8%

Sentiment Still Eluding Scandinavian Medical Solutions A/S (CPH:SMSMED)

Jan 27
Sentiment Still Eluding Scandinavian Medical Solutions A/S (CPH:SMSMED)