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Danish (OMX) Healthcare Sector Analysis

UpdatedJun 03, 2026
DataAggregated Company Financials
Companies20
  • 7D-3.5%
  • 3M8.1%
  • 1Y-35.1%
  • YTD-15.8%

Over the last 7 days, the Healthcare industry has dropped 3.5%, driven by Novo Nordisk declining 3.4%. Meanwhile, H. Lundbeck actually outperformed within the industry, gaining 5.0% in the last week. However, the industry is down 35% over the past year. As for the next few years, earnings are expected to grow by 2.9% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 03 Jun 2026DKK 1.6tDKK 468.6bDKK 147.0b19.5x11.2x3.5x
Fri, 01 May 2026DKK 1.6tDKK 447.4bDKK 129.9b18x12.4x3.6x
Sun, 29 Mar 2026DKK 1.4tDKK 447.8bDKK 130.1b16.6x10.9x3.2x
Tue, 24 Feb 2026DKK 1.6tDKK 447.7bDKK 131.0b18.5x11.8x3.5x
Thu, 22 Jan 2026DKK 2.2tDKK 453.9bDKK 136.9b18.3x15.7x4.7x
Sat, 20 Dec 2025DKK 1.9tDKK 453.8bDKK 136.9b16.9x13.7x4.1x
Mon, 17 Nov 2025DKK 1.9tDKK 454.1bDKK 137.0b17.4x13.8x4.2x
Wed, 15 Oct 2025DKK 2.1tDKK 447.7bDKK 141.8b17.9x14.9x4.7x
Fri, 12 Sep 2025DKK 2.0tDKK 447.3bDKK 141.6b19.8x14.3x4.5x
Sun, 10 Aug 2025DKK 1.9tDKK 434.8bDKK 132.5b28.7x14.2x4.3x
Tue, 08 Jul 2025DKK 2.4tDKK 423.0bDKK 124.5b30.4x19.3x5.7x
Thu, 05 Jun 2025DKK 2.6tDKK 423.7bDKK 124.7b30.8x20.7x6.1x
Sat, 03 May 2025DKK 2.5tDKK 409.3bDKK 121.3b23x20.6x6.1x
Mon, 31 Mar 2025DKK 2.6tDKK 409.5bDKK 121.3b22.8x21.3x6.3x
Wed, 26 Feb 2025DKK 3.5tDKK 410.0bDKK 121.4b29.2x28.6x8.5x
Fri, 24 Jan 2025DKK 3.1tDKK 387.4bDKK 111.3b28.6x28.2x8.1x
Sun, 22 Dec 2024DKK 3.1tDKK 387.4bDKK 111.3b28.7x28.2x8.1x
Tue, 19 Nov 2024DKK 3.7tDKK 387.3bDKK 111.3b31.3x33.1x9.5x
Thu, 17 Oct 2024DKK 4.1tDKK 372.1bDKK 107.2b37.1x38.6x11.1x
Sat, 14 Sep 2024DKK 4.7tDKK 372.0bDKK 107.1b36x43.8x12.6x
Mon, 12 Aug 2024DKK 4.7tDKK 370.3bDKK 107.0b35.9x43.6x12.6x
Wed, 10 Jul 2024DKK 4.9tDKK 355.3bDKK 106.2b35.4x45.9x13.7x
Fri, 07 Jun 2024DKK 4.9tDKK 355.2bDKK 106.2b36.3x46x13.8x
Sun, 05 May 2024DKK 4.3tDKK 354.8bDKK 106.4b33.9x40.9x12.3x
Tue, 02 Apr 2024DKK 4.5tDKK 341.2bDKK 99.6b39.2x45.4x13.3x
Thu, 29 Feb 2024DKK 4.3tDKK 340.0bDKK 98.9b37.4x43.5x12.6x
Sat, 27 Jan 2024DKK 3.8tDKK 320.5bDKK 90.0b34.7x42x11.8x
Mon, 25 Dec 2023DKK 3.6tDKK 320.4bDKK 90.0b32.8x40.2x11.3x
Wed, 22 Nov 2023DKK 3.6tDKK 320.4bDKK 90.0b32.6x40.3x11.3x
Fri, 20 Oct 2023DKK 3.5tDKK 305.5bDKK 82.2b27.7x42.9x11.5x
Sun, 17 Sep 2023DKK 3.5tDKK 305.5bDKK 82.2b36.6x42.9x11.5x
Tue, 15 Aug 2023DKK 3.3tDKK 301.3bDKK 81.0b40.7x40.7x11x
Thu, 13 Jul 2023DKK 2.8tDKK 287.0bDKK 75.4b37.9x37.7x9.9x
Sat, 10 Jun 2023DKK 3.0tDKK 287.1bDKK 75.5b40x39.9x10.5x
Price to Earnings Ratio

39.9x


Total Market Cap: DKK 3.0tTotal Earnings: DKK 75.5bTotal Revenue: DKK 287.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Danish Healthcare Sector Price to Earnings3Y Average 30x202420252026
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 11.2x which is lower than its 3-year average PE of 30.0x.
  • The 3-year average PS ratio of 8.6x is higher than the industry's current PS ratio of 3.5x.
Past Earnings Growth
  • The earnings for companies in the Healthcare industry have grown 25% 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 Market-1.88%
Healthcare-3.55%
Healthcare Services4.20%
Healthtech0.91%
Life Sciences-0.49%
Pharma-3.02%
Medical Equipment-3.05%
Biotech-9.45%
Industry PE
  • Investors are most optimistic about the Medical Equipment industry, which is trading close to its 3-year average PE ratio of 33.2x.
    • Analysts are expecting annual earnings growth of 20.1%, which is higher than its past year's earnings growth of 0.3% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare Services industry, expecting annual earnings growth of 113% over the next 5 years.
  • In contrast, the Life Sciences industry is expected to see its earnings decline by 10.0% 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
HLUN B H. LundbeckDKK 43.662.4%
+DKK 1.0b		18.1%PE11.6x
CHEMM ChemoMetecDKK 360.502.5%
+DKK 154.9m		-31.5%PE35.4x
DEMANT DemantDKK 246.600.2%
+DKK 126.5m		-3.2%PE22x
EMBLA Embla Medical hfDKK 27.050.9%
+DKK 106.7m		-19.5%PE21x
SMSMED Scandinavian Medical SolutionsDKK 2.965.3%
+DKK 4.2m		-39.0%PS0.4x

Latest News

ZEAL
DKK 302.70
Zealand Pharma
7D
-6.2%
1Y
-35.0%
NOVO B
DKK 274.35
Novo Nordisk
7D
-5.4%
1Y
-42.4%
COLO B
DKK 378.40
Coloplast
7D
-6.5%
1Y
-39.8%
Narrative Update • Jun 02

COLO B: New CEO And Lower P/E Will Support Future Multiple Re Rating

The updated analyst price target for Coloplast moves from DKK 500.15 to DKK 461.90, as analysts factor in slightly firmer revenue growth assumptions, a small change in the discount rate, and a lower future P/E multiple, while recent research highlights both reduced targets and one new Buy initiation after the share selloff. Analyst Commentary Recent Street research on Coloplast reflects a mix of optimism and caution, with several firms adjusting price targets and ratings following the share selloff.
BAVA
DKK 180.60
Bavarian Nordic
7D
-5.7%
1Y
0.1%
Narrative Update • Jun 01

BAVA: Public Preparedness Contracts And Vaccine Manufacturing Expansion Will Support 2026 Upside

Analysts have nudged their fair value estimate for Bavarian Nordic higher from DKK 268.33 to DKK 273.33. They point to adjusted assumptions around revenue growth, profit margins and future P/E as the main drivers of the updated price target.
MONSO
DKK 0.24
Monsenso
7D
1.7%
1Y
-16.2%
GMAB
DKK 1,523.00
Genmab
7D
-11.7%
1Y
5.9%
ALK B
DKK 260.00
ALK-Abelló
7D
-2.3%
1Y
42.2%
Narrative Update • May 29

ALK B: Future Upside Will Come From Allergy Immunotherapy Leadership

Analysts have lifted their price target on ALK-Abelló from DKK 263.33 to DKK 297.50, citing the company’s position as a global leader in allergy immunotherapy and recent supportive research coverage. Analyst Commentary Analysts setting a DKK 305 price target frame ALK-Abelló as a global leader in allergy immunotherapy, and they use that positioning to support a constructive view on the stock’s long term potential.
HLUN B
DKK 43.66
H. Lundbeck
7D
2.4%
1Y
18.1%
GUBRA
DKK 332.00
Gubra
7D
-5.7%
1Y
-28.0%
Narrative Update • May 26

GUBRA: Obesity Pipeline Progress And Phase 2 Milestones Will Drive Long Term Upside

Analysts have trimmed their price target for Gubra from DKK 469.50 to DKK 451.50, citing slightly softer revenue growth expectations and a modestly lower projected profit margin. This is partly offset by a small reduction in the discount rate and a marginally lower future P/E assumption.
DEMANT
DKK 246.60
Demant
7D
0.2%
1Y
-3.2%
SMSMED
DKK 2.96
Scandinavian Medical Solutions
7D
5.3%
1Y
-39.0%
EMBLA
DKK 27.05
Embla Medical hf
7D
0.9%
1Y
-19.5%
Narrative Update • May 19

EMBLA: Share Cancellations And Renewed Capital Authorisations Will Support Future Upside

Analysts have kept their DKK price target for Embla Medical hf. broadly steady at DKK 33.3, reflecting only minor tweaks to the discount rate, revenue growth, profit margin and future P/E assumptions in their updated models.
AMBU B
DKK 64.45
Ambu
7D
-3.5%
1Y
-35.2%
Narrative Update • May 19

AMBU B: Lower P/E Expectations Will Support Future Upside Repricing

Analysts have trimmed their price target on Ambu from DKK 110.34 to DKK 88.80, reflecting a more cautious stance following a downgrade in recent research. The revised target still assumes steady revenue growth and a lower future P/E multiple.
CHEMM
DKK 360.50
ChemoMetec
7D
2.5%
1Y
-31.5%
VIRO
DKK 10.80
ViroGates
7D
1.9%
1Y
18.7%