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Danish (OMX) Healthcare Sector Analysis

UpdatedMar 07, 2026
DataAggregated Company Financials
Companies21
  • 7D1.1%
  • 3M-19.5%
  • 1Y-52.1%
  • YTD-22.5%

Over the last 7 days, the Healthcare industry has risen 1.1%, driven by gains from Novo Nordisk of 4.2%. During this same period, the Zealand Pharma underperformed, falling 35%. However, the industry is down 52% over the past year. As for the next few years, earnings are expected to grow by 5.0% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 08 Mar 2026DKK 1.5tDKK 448.2bDKK 131.1b17.1x11.6x3.4x
Tue, 03 Feb 2026DKK 2.1tDKK 453.6bDKK 136.8b17.8x15.7x4.7x
Thu, 01 Jan 2026DKK 1.9tDKK 453.7bDKK 136.9b17.2x14.2x4.3x
Sat, 29 Nov 2025DKK 1.9tDKK 454.1bDKK 137.0b17.5x14x4.2x
Mon, 27 Oct 2025DKK 2.0tDKK 447.8bDKK 141.8b18.7x14.3x4.5x
Wed, 24 Sep 2025DKK 2.2tDKK 447.1bDKK 141.6b18.9x15.2x4.8x
Fri, 22 Aug 2025DKK 2.1tDKK 444.8bDKK 139.9b29.1x14.7x4.6x
Sun, 20 Jul 2025DKK 2.3tDKK 423.3bDKK 124.5b29.9x18.4x5.4x
Tue, 17 Jun 2025DKK 2.7tDKK 423.4bDKK 124.6b31.2x21.6x6.3x
Thu, 15 May 2025DKK 2.4tDKK 423.4bDKK 124.9b23.3x19x5.6x
Sat, 12 Apr 2025DKK 2.3tDKK 409.3bDKK 121.3b21.9x19x5.6x
Mon, 10 Mar 2025DKK 3.2tDKK 409.5bDKK 121.3b27x26.1x7.7x
Wed, 05 Feb 2025DKK 3.2tDKK 388.1bDKK 111.2b28.6x28.9x8.3x
Fri, 03 Jan 2025DKK 3.4tDKK 387.5bDKK 111.3b30.4x30.2x8.7x
Sun, 01 Dec 2024DKK 3.9tDKK 387.3bDKK 111.3b31.2x35.2x10.1x
Tue, 29 Oct 2024DKK 4.0tDKK 372.2bDKK 107.2b34x37.3x10.7x
Thu, 26 Sep 2024DKK 4.3tDKK 371.9bDKK 107.1b37x40.5x11.7x
Sat, 24 Aug 2024DKK 4.7tDKK 371.6bDKK 107.0b36.6x43.6x12.6x
Mon, 22 Jul 2024DKK 4.6tDKK 355.3bDKK 106.2b35.6x43.3x12.9x
Wed, 19 Jun 2024DKK 4.9tDKK 355.3bDKK 106.2b35.7x46.4x13.9x
Fri, 17 May 2024DKK 4.6tDKK 355.7bDKK 106.8b35.1x43.5x13.1x
Sun, 14 Apr 2024DKK 4.5tDKK 341.3bDKK 99.7b33.5x45.1x13.2x
Tue, 12 Mar 2024DKK 4.6tDKK 341.2bDKK 99.6b40x46.3x13.5x
Thu, 08 Feb 2024DKK 4.2tDKK 339.6bDKK 98.7b33.9x42.6x12.4x
Sat, 06 Jan 2024DKK 3.8tDKK 320.5bDKK 90.0b33.3x41.7x11.7x
Mon, 04 Dec 2023DKK 3.6tDKK 320.5bDKK 90.0b32.8x40.3x11.3x
Wed, 01 Nov 2023DKK 3.5tDKK 305.6bDKK 82.3b27.9x42.5x11.4x
Fri, 29 Sep 2023DKK 3.4tDKK 305.5bDKK 82.2b32.9x41.8x11.2x
Sun, 27 Aug 2023DKK 3.4tDKK 305.2bDKK 82.1b35x41.2x11.1x
Tue, 25 Jul 2023DKK 3.0tDKK 287.0bDKK 75.5b36.4x39.7x10.4x
Thu, 22 Jun 2023DKK 3.0tDKK 287.1bDKK 75.5b40.1x39.7x10.4x
Sat, 20 May 2023DKK 3.2tDKK 286.5bDKK 75.3b41.9x42x11x
Mon, 17 Apr 2023DKK 3.2tDKK 272.6bDKK 68.5b43x46x11.6x
Wed, 15 Mar 2023DKK 2.8tDKK 292.6bDKK 69.2b37.6x40x9.4x
Price to Earnings Ratio

40x


Total Market Cap: DKK 2.8tTotal Earnings: DKK 69.2bTotal Revenue: DKK 292.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Danish Healthcare Sector Price to Earnings3Y Average 32.5x202420252026
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 11.6x which is lower than its 3-year average PE of 32.5x.
  • The 3-year average PS ratio of 9.2x is higher than the industry's current PS ratio of 3.4x.
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 15% 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 Market-0.75%
Healthcare1.13%
Healthcare Services6.40%
Pharma3.85%
Healthtech-0.55%
Life Sciences-2.72%
Medical Equipment-4.85%
Biotech-11.36%
Industry PE
  • Investors are most optimistic about the Healthcare Services industry which is trading above its 3-year average PE ratio of 425x.
    • 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 2.5% 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 247.904.2%
+DKK 44.1b		-58.5%PE10.8x
ALK B ALK-AbellóDKK 222.601.0%
+DKK 487.4m		55.4%PE41.2x
SMSMED Scandinavian Medical SolutionsDKK 3.496.4%
+DKK 5.8m		-39.2%PE3732.4x
BIOPOR BioPortoDKK 0.910.6%
+DKK 2.5m		-41.4%PS12.3x
MONSO MonsensoDKK 0.134.8%
+DKK 447.6k		-48.4%PS1.1x

Latest News

COLO B
DKK 461.50
Coloplast
7D
-5.4%
1Y
-37.7%
MONSO
DKK 0.13
Monsenso
7D
4.8%
1Y
-48.4%
ZEAL
DKK 234.90
Zealand Pharma
7D
-35.4%
1Y
-56.0%
DEMANT
DKK 187.50
Demant
7D
-4.7%
1Y
-26.0%
NOVO B
DKK 247.90
Novo Nordisk
7D
4.2%
1Y
-58.5%

NOVO B: Future Returns Will Rely On Oral Obesity And GLP-1 Tablet Expansion

The updated analyst price target for Novo Nordisk has shifted from DKK 376.59 to DKK 330.95, with analysts citing more measured assumptions on revenue growth, profit margins and future P/E as key drivers of the change. Analyst Commentary Analysts revisiting their assumptions on Novo Nordisk are effectively marking the shares to more conservative expectations, with the updated price target of DKK 330.95 reflecting a reset in what they are willing to pay for the company’s earnings profile.
GUBRA
DKK 375.00
Gubra
7D
-4.1%
1Y
-26.8%
BAVA
DKK 182.65
Bavarian Nordic
7D
-7.5%
1Y
8.8%

BAVA: Buybacks And Latin America Vaccine Deal Will Drive Future Upside

Analysts have maintained their DKK 250 price target on Bavarian Nordic, citing only minor adjustments in assumptions for discount rate, revenue growth, profit margin and future P/E as the reasons for this stable assessment. What's in the News CEO Paul Chaplin plans to step down for personal reasons, and the Board has agreed that he will stay in the role through the end of 2026 or until a successor is appointed.
AMBU B
DKK 75.65
Ambu
7D
-4.8%
1Y
-39.7%
GMAB
DKK 1,728.50
Genmab
7D
-6.5%
1Y
4.2%

GMAB: 2026 Catalyst Events And AI Adoption Will Shape Outlook

Genmab's analyst fair value estimate has moved up from DKK 2,182 to DKK 2,238, as analysts factor in higher long term revenue growth assumptions, a higher future P/E and recent price target revisions around DKK 2,400 to DKK 2,500, even as they temper near term expectations for Epkinly and margins. Analyst Commentary Recent research points to a more nuanced view of Genmab, with several firms adjusting their price targets and models following the latest earnings, product updates and acquisition activity.
ALK B
DKK 222.60
ALK-Abelló
7D
1.0%
1Y
55.4%

ALK B: Future Returns Will Rely On Expanded Anaphylaxis Indications And Stronger Margins

Analysts have nudged their price target on ALK-Abelló up from DKK 249 to DKK 255, reflecting updated assumptions that combine slightly lower expected revenue growth with a higher projected profit margin and a modestly lower future P/E multiple. What's in the News ALK Abelló issued earnings guidance for 2026, indicating an expectation of continued double digit revenue growth and higher earnings, with revenue projected to grow 11 to 15% in local currencies (company guidance).
HLUN B
DKK 37.78
H. Lundbeck
7D
-2.5%
1Y
-4.0%

HLUN B: Positive Neuroscience Pipeline Data Will Support Constructive Medium Term Outlook

Analysts have trimmed their DKK price target on H. Lundbeck from about DKK 47.05 to DKK 44.95, citing updated assumptions for revenue growth, profit margins, as well as a slightly higher future P/E multiple and discount rate.
BIOPOR
DKK 0.91
BioPorto
7D
0.6%
1Y
-41.4%
SMSMED
DKK 3.49
Scandinavian Medical Solutions
7D
6.4%
1Y
-39.2%

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

Jan 27
Sentiment Still Eluding Scandinavian Medical Solutions A/S (CPH:SMSMED)
BRAINP
DKK 0.0028
Brain+
7D
7.7%
1Y
-93.7%