Sri Lankan (CSE) Healthcare Sector Analysis

Sector Valuation and Performance

Has the Sri Lankan Healthcare Sector valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Thu, 10 Sep 2026	LK₨107.8b	LK₨86.8b	LK₨9.8b	10.7x	11x	1.2x
Fri, 17 Jul 2026	LK₨113.9b	LK₨84.1b	LK₨10.0b	12.4x	11.4x	1.4x
Sun, 14 Jun 2026	LK₨113.0b	LK₨84.1b	LK₨10.0b	11.2x	11.3x	1.3x
Tue, 12 May 2026	LK₨130.2b	LK₨83.6b	LK₨9.7b	15.6x	13.4x	1.6x
Thu, 09 Apr 2026	LK₨106.0b	LK₨82.8b	LK₨8.3b	15.9x	12.8x	1.3x
Sat, 07 Mar 2026	LK₨106.6b	LK₨79.8b	LK₨7.9b	14.2x	13.5x	1.3x
Mon, 02 Feb 2026	LK₨107.0b	LK₨79.8b	LK₨7.9b	13.9x	13.5x	1.3x
Wed, 31 Dec 2025	LK₨96.7b	LK₨79.8b	LK₨7.9b	14.2x	12.2x	1.2x
Fri, 28 Nov 2025	LK₨99.0b	LK₨79.8b	LK₨7.9b	14x	12.5x	1.2x
Sun, 26 Oct 2025	LK₨96.5b	LK₨77.9b	LK₨7.1b	14x	13.5x	1.2x
Tue, 23 Sep 2025	LK₨95.0b	LK₨77.9b	LK₨7.1b	13.4x	13.3x	1.2x
Thu, 21 Aug 2025	LK₨90.3b	LK₨77.9b	LK₨7.1b	12.4x	12.6x	1.2x
Sat, 19 Jul 2025	LK₨84.0b	LK₨75.2b	LK₨5.9b	14.6x	14.2x	1.1x
Mon, 16 Jun 2025	LK₨74.0b	LK₨75.2b	LK₨5.9b	11.9x	12.5x	1x
Wed, 14 May 2025	LK₨69.5b	LK₨73.4b	LK₨5.0b	12.3x	13.9x	0.9x
Fri, 11 Apr 2025	LK₨68.1b	LK₨73.4b	LK₨5.0b	12x	13.6x	0.9x
Sun, 09 Mar 2025	LK₨67.9b	LK₨73.4b	LK₨5.0b	12x	13.6x	0.9x
Tue, 04 Feb 2025	LK₨70.2b	LK₨72.8b	LK₨5.5b	11.4x	12.7x	1x
Thu, 02 Jan 2025	LK₨67.3b	LK₨72.8b	LK₨5.5b	11.4x	12.2x	0.9x
Sat, 30 Nov 2024	LK₨63.4b	LK₨72.8b	LK₨5.5b	10.8x	11.5x	0.9x
Mon, 28 Oct 2024	LK₨63.3b	LK₨71.1b	LK₨6.3b	10.1x	10x	0.9x
Wed, 25 Sep 2024	LK₨60.9b	LK₨71.1b	LK₨6.3b	9.9x	9.6x	0.9x
Fri, 23 Aug 2024	LK₨66.0b	LK₨71.1b	LK₨6.3b	11x	10.4x	0.9x
Sun, 21 Jul 2024	LK₨71.5b	LK₨70.1b	LK₨5.8b	10.9x	12.3x	1x
Tue, 18 Jun 2024	LK₨72.6b	LK₨70.1b	LK₨5.8b	11.2x	12.5x	1x
Thu, 16 May 2024	LK₨70.6b	LK₨67.6b	LK₨2.5b	13.8x	28x	1x
Sat, 13 Apr 2024	LK₨71.9b	LK₨67.6b	LK₨2.5b	12.7x	28.4x	1.1x
Mon, 11 Mar 2024	LK₨71.1b	LK₨67.6b	LK₨2.5b	12.6x	28.1x	1.1x
Wed, 07 Feb 2024	LK₨68.5b	LK₨55.8b	LK₨3.5b	15.5x	19.4x	1.2x
Fri, 05 Jan 2024	LK₨75.2b	LK₨65.9b	LK₨3.0b	15.2x	25.4x	1.1x
Sun, 03 Dec 2023	LK₨75.9b	LK₨65.9b	LK₨3.0b	14.7x	25.5x	1.2x
Tue, 31 Oct 2023	LK₨78.1b	LK₨63.9b	LK₨2.7b	17.2x	28.7x	1.2x
Thu, 28 Sep 2023	LK₨75.4b	LK₨63.9b	LK₨2.7b	19.6x	27.8x	1.2x

Current Industry PE

Investors are pessimistic on the Sri Lankan 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 11.1x which is lower than its 3-year average PE of 16.1x.

The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.3x.

Past Earnings Growth

The earnings for companies in the Healthcare industry have grown 53% per year over the last three years.
Revenues for these companies have grown 11% 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 Sri Lankan Healthcare sector?


LK Market	1.09%
Healthcare	-0.45%
Healthtech	3.33%
Healthcare Services	-0.52%

Industry PE

Investors are most optimistic about the Healthtech industry even though it's trading below its 3-year average PE ratio of 44.6x.

It looks like they are confident that earnings will grow faster in the future than they have historically.

Investors are most pessimistic about the Healthcare Services industry, which is trading below its 3-year average of 15.9x.

Forecasted GrowthThere is insufficient data on the sub-industries of this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

Company	Last Price	7D	1Y	Valuation
SINH.N0000 Singhe Hospitals	LK₨23.00	9.5% +LK₨862.6m	173.8%	PE45.7x
LHCL.N0000 Lanka Hospitals	LK₨114.00	0.9% +LK₨223.7m	31.2%	PE10.7x
CHL.N0000 Ceylon Hospitals	LK₨60.50	0.7% +LK₨67.0m	35.8%	PE10.5x
ECL.N0000 eChannelling	LK₨15.50	3.3% +LK₨61.1m	-0.6%	PE35.3x

New major risk - Earnings quality

The company has a high level of non-cash earnings. Accrual ratio: 27% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 8.0% per year over the past 5 years. High level of non-cash earnings (27% accrual ratio). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (LK₨24.8b market cap, or US$75.2m).

Sri Lankan (CSE) Healthcare Sector Analysis

Sector Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

New minor risk - Profit margin trend

Asiri Hospital Holdings PLC, Annual General Meeting, Sep 25, 2026

Asiri Surgical Hospital PLC, Annual General Meeting, Sep 25, 2026

New major risk - Earnings quality

Singhe Hospitals plc Announces Resignation of H.M.A.B. Weerasekara from Director Role, Effective July 20, 2026

Ceylon Hospitals PLC, Annual General Meeting, Jul 09, 2026

eChannelling PLC, Annual General Meeting, Jun 19, 2026