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
Sun, 10 May 2026	LK₨132.8b	LK₨83.6b	LK₨9.7b	15.7x	13.7x	1.6x
Tue, 07 Apr 2026	LK₨102.0b	LK₨82.8b	LK₨8.2b	15.2x	12.5x	1.2x
Thu, 05 Mar 2026	LK₨106.0b	LK₨79.8b	LK₨7.9b	14.1x	13.4x	1.3x
Sat, 31 Jan 2026	LK₨107.0b	LK₨79.8b	LK₨7.9b	13.9x	13.5x	1.3x
Mon, 29 Dec 2025	LK₨97.4b	LK₨79.8b	LK₨7.9b	14.3x	12.3x	1.2x
Wed, 26 Nov 2025	LK₨100.2b	LK₨79.8b	LK₨7.9b	14.4x	12.6x	1.3x
Fri, 24 Oct 2025	LK₨95.0b	LK₨77.9b	LK₨7.1b	13.8x	13.3x	1.2x
Sun, 21 Sep 2025	LK₨94.7b	LK₨77.9b	LK₨7.1b	13.2x	13.3x	1.2x
Tue, 19 Aug 2025	LK₨93.1b	LK₨77.9b	LK₨7.1b	12.8x	13x	1.2x
Thu, 17 Jul 2025	LK₨82.6b	LK₨75.2b	LK₨5.9b	14.5x	13.9x	1.1x
Sat, 14 Jun 2025	LK₨74.0b	LK₨75.2b	LK₨5.9b	11.9x	12.5x	1x
Mon, 12 May 2025	LK₨69.5b	LK₨73.4b	LK₨5.0b	12.3x	13.9x	0.9x
Wed, 09 Apr 2025	LK₨67.6b	LK₨73.4b	LK₨5.0b	11.8x	13.5x	0.9x
Fri, 07 Mar 2025	LK₨67.6b	LK₨73.4b	LK₨5.0b	11.8x	13.5x	0.9x
Sun, 02 Feb 2025	LK₨70.7b	LK₨72.8b	LK₨5.5b	11.4x	12.8x	1x
Tue, 31 Dec 2024	LK₨66.8b	LK₨72.8b	LK₨5.5b	11.3x	12.1x	0.9x
Thu, 28 Nov 2024	LK₨63.2b	LK₨72.8b	LK₨5.5b	10.9x	11.4x	0.9x
Sat, 26 Oct 2024	LK₨63.3b	LK₨71.1b	LK₨6.3b	10.1x	10x	0.9x
Mon, 23 Sep 2024	LK₨62.1b	LK₨71.1b	LK₨6.3b	9.8x	9.8x	0.9x
Wed, 21 Aug 2024	LK₨67.0b	LK₨71.1b	LK₨6.3b	11.2x	10.6x	0.9x
Fri, 19 Jul 2024	LK₨70.5b	LK₨70.1b	LK₨5.8b	10.8x	12.1x	1x
Sun, 16 Jun 2024	LK₨72.6b	LK₨70.1b	LK₨5.8b	11.2x	12.5x	1x
Tue, 14 May 2024	LK₨72.1b	LK₨67.6b	LK₨2.5b	14x	28.5x	1.1x
Thu, 11 Apr 2024	LK₨71.9b	LK₨67.6b	LK₨2.5b	12.7x	28.4x	1.1x
Sat, 09 Mar 2024	LK₨71.1b	LK₨67.6b	LK₨2.5b	12.6x	28.1x	1.1x
Mon, 05 Feb 2024	LK₨74.4b	LK₨65.9b	LK₨3.0b	15.5x	25.2x	1.1x
Wed, 03 Jan 2024	LK₨74.6b	LK₨65.9b	LK₨3.0b	14.9x	25.2x	1.1x
Fri, 01 Dec 2023	LK₨76.0b	LK₨65.9b	LK₨3.0b	14.7x	25.6x	1.2x
Sun, 29 Oct 2023	LK₨77.4b	LK₨63.9b	LK₨2.7b	17.6x	28.5x	1.2x
Tue, 26 Sep 2023	LK₨74.3b	LK₨63.9b	LK₨2.7b	18.8x	27.4x	1.2x
Thu, 24 Aug 2023	LK₨72.6b	LK₨63.9b	LK₨2.7b	18.1x	26.7x	1.1x
Sat, 22 Jul 2023	LK₨72.6b	LK₨60.2b	LK₨3.4b	17.1x	21.6x	1.2x
Mon, 19 Jun 2023	LK₨68.6b	LK₨60.2b	LK₨3.4b	16.2x	20.4x	1.1x
Wed, 17 May 2023	LK₨68.9b	LK₨60.1b	LK₨5.3b	10.4x	12.9x	1.1x

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 13.7x which is lower than its 3-year average PE of 17.2x.

The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.6x.

Past Earnings Growth

The earnings for companies in the Healthcare industry have grown 22% per year over the last three years.
Revenues for these companies have grown 12% 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	1.98%
Healthcare	5.17%
Healthcare Services	5.29%
Healthtech	-1.85%

Industry PE

Investors are most optimistic about the Healthtech industry which is trading above its 3-year average PE ratio of 44.0x.

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 17.0x.

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
ASIR.N0000 Asiri Hospital Holdings	LK₨46.00	12.2% +LK₨5.7b	77.6%	PE10.8x
NHL.N0000 Nawaloka Hospitals	LK₨15.20	10.1% +LK₨2.0b	176.4%	PE21x
LHCL.N0000 Lanka Hospitals	LK₨107.00	1.7% +LK₨391.5m	34.1%	PE12.3x
MULL.N0000 Muller & Phipps (Ceylon)	LK₨2.30	4.5% +LK₨28.3m	91.7%	PS1.1x

Company

Last Price

Valuation

ASIR.N0000 Asiri Hospital Holdings

LK₨46.00

12.2%
+LK₨5.7b

77.6%

PE10.8x

NHL.N0000 Nawaloka Hospitals

LK₨15.20

10.1%
+LK₨2.0b

176.4%

PE21x

LHCL.N0000 Lanka Hospitals

LK₨107.00

1.7%
+LK₨391.5m

34.1%

PE12.3x

MULL.N0000 Muller & Phipps (Ceylon)

LK₨2.30

4.5%
+LK₨28.3m

91.7%

PS1.1x

New major risk - Share price stability

The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Sri Lankan stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 3.6% per year over the past 5 years. High level of non-cash earnings (73% accrual ratio). Revenue is less than US$1m (LK₨277m revenue, or US$901k). Market cap is less than US$10m (LK₨1.97b market cap, or US$6.39m).

Sri Lankan (CSE) Healthcare Sector Analysis

Sector Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

Full year 2026 earnings released: EPS: LK₨4.28 (vs LK₨1.45 in FY 2025)

Full year 2026 earnings released: EPS: LK₨1.56 (vs LK₨0.50 in FY 2025)

The Lanka Hospitals Corporation PLC, Annual General Meeting, May 21, 2026

New major risk - Share price stability

Third quarter 2026 earnings released: LK₨0.13 loss per share (vs LK₨0.12 loss in 3Q 2025)

Investor sentiment deteriorates as stock falls 20%

Investor sentiment improves as stock rises 18%

New major risk - Share price stability