Sri Lankan (CSE) Healthcare Services Industry Analysis

Industry Valuation and Performance

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

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Sat, 22 Aug 2026	LK₨106.8b	LK₨85.3b	LK₨10.4b	10.6x	10.3x	1.3x
Thu, 09 Jul 2026	LK₨117.1b	LK₨83.8b	LK₨9.9b	12x	11.8x	1.4x
Sat, 06 Jun 2026	LK₨110.0b	LK₨83.8b	LK₨9.9b	11.5x	11.1x	1.3x
Mon, 04 May 2026	LK₨124.3b	LK₨82.5b	LK₨8.2b	15.8x	15.1x	1.5x
Wed, 01 Apr 2026	LK₨98.8b	LK₨79.5b	LK₨7.9b	13.2x	12.5x	1.2x
Fri, 27 Feb 2026	LK₨110.8b	LK₨79.5b	LK₨7.9b	13.6x	14.1x	1.4x
Sun, 25 Jan 2026	LK₨99.7b	LK₨79.5b	LK₨7.9b	13.8x	12.6x	1.3x
Tue, 23 Dec 2025	LK₨93.5b	LK₨79.5b	LK₨7.9b	12.4x	11.9x	1.2x
Thu, 20 Nov 2025	LK₨99.9b	LK₨79.4b	LK₨8.0b	12.7x	12.5x	1.3x
Sat, 18 Oct 2025	LK₨94.1b	LK₨77.6b	LK₨7.1b	13.2x	13.2x	1.2x
Mon, 15 Sep 2025	LK₨93.9b	LK₨77.6b	LK₨7.1b	13.2x	13.2x	1.2x
Wed, 13 Aug 2025	LK₨84.6b	LK₨74.9b	LK₨5.9b	13.7x	14.4x	1.1x
Fri, 11 Jul 2025	LK₨80.2b	LK₨74.9b	LK₨5.9b	13.4x	13.6x	1.1x
Sun, 08 Jun 2025	LK₨71.4b	LK₨74.9b	LK₨5.9b	11.2x	12.1x	1x
Tue, 06 May 2025	LK₨66.7b	LK₨73.2b	LK₨5.0b	11.8x	13.4x	0.9x
Thu, 03 Apr 2025	LK₨66.9b	LK₨73.2b	LK₨5.0b	11.9x	13.4x	0.9x
Sat, 01 Mar 2025	LK₨66.9b	LK₨73.2b	LK₨5.0b	11.6x	13.3x	0.9x
Mon, 27 Jan 2025	LK₨69.2b	LK₨72.5b	LK₨5.5b	11.6x	12.6x	1x
Wed, 25 Dec 2024	LK₨65.1b	LK₨72.5b	LK₨5.5b	10.5x	11.8x	0.9x
Fri, 22 Nov 2024	LK₨61.5b	LK₨72.5b	LK₨5.5b	10.1x	11.2x	0.8x
Sun, 20 Oct 2024	LK₨62.1b	LK₨70.8b	LK₨6.3b	9.9x	9.9x	0.9x
Tue, 17 Sep 2024	LK₨59.7b	LK₨70.8b	LK₨6.3b	9.3x	9.5x	0.8x
Thu, 15 Aug 2024	LK₨64.8b	LK₨70.4b	LK₨6.2b	10.1x	10.5x	0.9x
Sat, 13 Jul 2024	LK₨68.6b	LK₨69.8b	LK₨5.8b	10.1x	11.9x	1x
Mon, 10 Jun 2024	LK₨69.3b	LK₨69.8b	LK₨5.8b	9.8x	12x	1x
Wed, 08 May 2024	LK₨69.7b	LK₨67.3b	LK₨2.5b	12.7x	28.1x	1x
Fri, 05 Apr 2024	LK₨69.6b	LK₨67.3b	LK₨2.5b	12.2x	28x	1x
Sun, 03 Mar 2024	LK₨67.9b	LK₨67.3b	LK₨2.5b	12.3x	27.3x	1x
Tue, 30 Jan 2024	LK₨72.9b	LK₨65.6b	LK₨2.9b	14.4x	25.1x	1.1x
Thu, 28 Dec 2023	LK₨72.6b	LK₨65.6b	LK₨2.9b	14.7x	25x	1.1x
Sat, 25 Nov 2023	LK₨74.0b	LK₨65.6b	LK₨2.9b	15.1x	25.3x	1.1x
Mon, 23 Oct 2023	LK₨74.9b	LK₨63.6b	LK₨2.7b	14.6x	28.1x	1.2x
Wed, 20 Sep 2023	LK₨73.0b	LK₨63.6b	LK₨2.7b	15.6x	27.4x	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 10.9x which is lower than its 3-year average PE of 16.2x.

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 55% per year over the last three years.
Revenues for these companies have grown 9.6% 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 industry?


LK Market	-0.97%
Healthcare	-4.31%
Healthcare Services	-4.30%
Healthcare Distributors	0%	0
Healthcare Facilities	-4.35%

Industry PEThere is insufficient data on the sub-industries of this industry.

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

	Company	Last Price	7D	1Y	Valuation
	MULL.N0000 Muller & Phipps (Ceylon)	LK₨2.20	4.8% +LK₨28.3m	37.5%	PS1.1x

Company

Last Price

Valuation

MULL.N0000 Muller & Phipps (Ceylon)

LK₨2.20

4.8%
+LK₨28.3m

37.5%

PS1.1x

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 Services Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

New major risk - Earnings quality

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

New major risk - Share price stability

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

Investor sentiment improves as stock rises 16%

Muller & Phipps (Ceylon) PLC, Annual General Meeting, Jun 30, 2026

Investor sentiment deteriorates as stock falls 16%