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Finnish (OMX) Healthcare Sector Analysis

UpdatedMar 24, 2026
DataAggregated Company Financials
Companies13
  • 7D-4.2%
  • 3M0.6%
  • 1Y4.2%
  • YTD0.7%

Over the last 7 days, the Healthcare industry has dropped 4.2%, driven by a pullback from Orion Oyj of 4.8%. In the past year, the industry has gained 4.2%. Looking forward, earnings are forecast to grow by 11% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 24 Mar 2026€12.0b€5.9b€561.2m15.9x21.3x2x
Thu, 19 Feb 2026€12.4b€5.8b€551.8m15.7x22.5x2.1x
Sat, 17 Jan 2026€12.9b€5.6b€367.7m22.8x35.2x2.3x
Mon, 15 Dec 2025€11.4b€5.6b€367.7m24.7x30.9x2x
Wed, 12 Nov 2025€11.4b€5.6b€366.9m20.8x31.1x2x
Fri, 10 Oct 2025€13.0b€5.7b€419.6m20.4x31x2.3x
Sun, 07 Sep 2025€12.4b€5.7b€420.9m18.7x29.6x2.2x
Tue, 05 Aug 2025€13.3b€5.7b€427.5m18.7x31x2.3x
Thu, 03 Jul 2025€12.2b€5.5b€392.7m17.9x31x2.2x
Sat, 31 May 2025€11.8b€5.5b€392.7m18.8x30x2.1x
Mon, 28 Apr 2025€10.9b€5.5b€390.3m18.6x28x2x
Wed, 26 Mar 2025€11.3b€5.4b€364.7m21.5x31x2.1x
Fri, 21 Feb 2025€10.6b€5.3b€372.7m19.5x28.5x2x
Sun, 19 Jan 2025€10.2b€5.2b€274.3m26.4x37.1x1.9x
Tue, 17 Dec 2024€9.0b€5.2b€274.3m19.5x32.8x1.7x
Thu, 14 Nov 2024€9.3b€5.2b€275.8m20.7x33.8x1.8x
Sat, 12 Oct 2024€10.0b€5.0b€144.2m25.3x69.2x2x
Mon, 09 Sep 2024€10.1b€5.0b€143.6m25.2x70.4x2x
Wed, 07 Aug 2024€9.1b€5.0b€123.3m29x73.6x1.8x
Fri, 05 Jul 2024€8.7b€4.9b€115.7m27.5x75.6x1.8x
Sun, 02 Jun 2024€8.3b€4.9b€118.1m28.2x70x1.7x
Tue, 30 Apr 2024€7.9b€4.9b€116.4m31.3x67.9x1.6x
Thu, 28 Mar 2024€7.4b€4.8b€108.0m29.6x68.9x1.5x
Sat, 24 Feb 2024€8.0b€4.8b€110.2m26.9x72.8x1.7x
Mon, 22 Jan 2024€8.6b€4.8b€135.4m33.2x63.2x1.8x
Wed, 20 Dec 2023€7.8b€4.8b€135.4m30.8x57.8x1.6x
Fri, 17 Nov 2023€7.6b€4.8b€134.3m30x56.9x1.6x
Sun, 15 Oct 2023€7.9b€5.0b€270.4m27.2x29.2x1.6x
Tue, 12 Sep 2023€7.8b€5.0b€269.6m26.1x28.9x1.6x
Thu, 10 Aug 2023€7.4b€5.0b€277.7m24.8x26.8x1.5x
Sat, 08 Jul 2023€8.0b€5.0b€315.2m38.5x25.3x1.6x
Mon, 05 Jun 2023€8.6b€5.0b€315.2m39.5x27.2x1.7x
Wed, 03 May 2023€9.0b€5.0b€314.2m42.8x28.7x1.8x
Fri, 31 Mar 2023€8.6b€5.0b€343.2m35.5x25.2x1.7x
Price to Earnings Ratio

25.2x


Total Market Cap: €8.6bTotal Earnings: €343.2mTotal Revenue: €5.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Finnish Healthcare Sector Price to Earnings3Y Average 42.3x202420252026
Current Industry PE
  • Investors are pessimistic on the Finnish 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 21.3x which is lower than its 3-year average PE of 42.3x.
  • The industry is trading close to its 3-year average PS ratio of 1.9x.
Past Earnings Growth
  • The earnings for companies in the Healthcare industry have grown 18% per year over the last three years.
  • Revenues for these companies have grown 6.0% 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 Finnish Healthcare sector?

FI Market-3.56%
Healthcare-4.22%
Medical Equipment2.15%
Biotech0%0
Healthtech-1.12%
Healthcare Services-3.41%
Life Sciences-3.74%
Pharma-4.82%
Industry PE
  • Investors are most optimistic about the Medical Equipment industry even though it's trading below its 3-year average PE ratio of 209x.
    • Analysts are expecting annual earnings growth of 26.9%, which is higher than its past year's earnings decline of 0.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Life Sciences industry, expecting annual earnings growth of 50% over the next 5 years.
  • In contrast, the Pharma industry is expected to see its earnings grow by 8.3% 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
REG1V Revenio Group Oyj€18.323.5%
+€16.5m		-28.5%PE28x
NXTMH Nexstim€9.001.1%
+€721.3k		10.6%PE113.3x
NANOFH Nanoform Finland Oyj€0.610.8%
+€428.3k		-47.3%PS10.5x

Latest News

REG1V
€18.32
Revenio Group Oyj
7D
3.5%
1Y
-28.5%

REG1V: Upgrades And Dividend Flexibility Will Drive Future Upside Repricing

Analysts have nudged their price target for Revenio Group Oyj slightly lower to €23.50 from €26, reflecting updated views on valuation, while core assumptions around revenue growth, margins and P/E multiples remain broadly unchanged. Analyst Commentary Recent research points to a mixed but generally constructive view on Revenio Group Oyj, with some analysts trimming valuation assumptions while others take a more optimistic stance on the shares.
TTALO
€8.92
Terveystalo Oyj
7D
-6.7%
1Y
-26.6%
ORNBV
€67.00
Orion Oyj
7D
-4.7%
1Y
19.5%
HEALTH
€1.33
Nightingale Health Oyj
7D
-6.6%
1Y
-57.8%

HEALTH: Future Outlook Will Rely On U.S. Lab Permit And Cardiometabolic Screening Potential

Analysts have trimmed their price target for Nightingale Health Oyj from €1.75 to €1.35, citing updated assumptions around revenue growth, profit margins and a lower future P/E multiple. What's in the News Nightingale Health issued earnings guidance for the 2025–2026 financial year, indicating an expectation that revenue will be at least 50% higher than in the previous year (Corporate guidance).
MODU
€1.00
Modulight Oyj
7D
-7.6%
1Y
-27.8%
PIHLIS
€12.60
Pihlajalinna Oyj
7D
-2.3%
1Y
-4.5%
HRTIS
€1.79
Herantis Pharma Oyj
7D
-4.8%
1Y
32.6%
AIFORIA
€1.73
Aiforia Technologies Oyj
7D
-3.4%
1Y
-55.9%
NXTMH
€9.00
Nexstim
7D
1.1%
1Y
10.6%
BIOBV
€2.30
Biohit Oyj
7D
-6.1%
1Y
-20.1%

We Think You Should Be Aware Of Some Concerning Factors In Biohit Oyj's (HEL:BIOBV) Earnings

Feb 18
We Think You Should Be Aware Of Some Concerning Factors In Biohit Oyj's (HEL:BIOBV) Earnings
NANOFH
€0.61
Nanoform Finland Oyj
7D
0.8%
1Y
-47.3%