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Nigerian (NSE) Healthcare Sector Analysis
UpdatedMar 02, 2026
DataAggregated Company Financials
Companies5
- 7D-7.7%
- 3M137.9%
- 1Y409.6%
- YTD41.1%
Over the last 7 days, the Healthcare industry has dropped 7.7%, driven by pullbacks from every company within the industry. Over the past 12 months, the industry was up 410%. Looking forward, earnings are forecast to grow by 24% annually.
Sector Valuation and Performance
Has the Nigerian Healthcare Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 03 Mar 2026 | ₦640.2b | ₦240.5b | ₦20.0b | 36.7x | 32x | 2.7x |
| Thu, 29 Jan 2026 | ₦688.7b | ₦236.4b | ₦17.8b | 19.8x | 38.8x | 2.9x |
| Sat, 27 Dec 2025 | ₦420.8b | ₦160.6b | ₦12.5b | 9.9x | 33.6x | 2.6x |
| Mon, 24 Nov 2025 | ₦258.0b | ₦160.6b | ₦12.5b | 9.2x | 20.6x | 1.6x |
| Wed, 22 Oct 2025 | ₦270.1b | ₦149.5b | ₦11.8b | 11.2x | 22.9x | 1.8x |
| Fri, 19 Sep 2025 | ₦244.2b | ₦149.5b | ₦11.8b | 11.2x | 20.7x | 1.6x |
| Sun, 17 Aug 2025 | ₦241.7b | ₦148.8b | ₦11.8b | 11.5x | 20.5x | 1.6x |
| Tue, 15 Jul 2025 | ₦225.2b | ₦137.4b | ₦9.3b | 13.6x | 24.3x | 1.6x |
| Thu, 12 Jun 2025 | ₦165.8b | ₦137.4b | ₦9.3b | 10.7x | 17.9x | 1.2x |
| Sat, 10 May 2025 | ₦135.1b | ₦136.8b | ₦9.2b | 7.7x | 14.7x | 1x |
| Mon, 07 Apr 2025 | ₦106.1b | ₦113.1b | ₦6.7b | 8.6x | 15.9x | 0.9x |
| Wed, 05 Mar 2025 | ₦109.3b | ₦113.1b | ₦6.7b | 8.1x | 16.2x | 1x |
| Fri, 31 Jan 2025 | ₦126.8b | ₦103.4b | ₦3.8b | 9x | 33.8x | 1.2x |
| Sun, 29 Dec 2024 | ₦107.7b | ₦103.4b | ₦3.8b | 8.5x | 28.7x | 1x |
| Tue, 26 Nov 2024 | ₦106.3b | ₦103.4b | ₦3.8b | 8.1x | 28.3x | 1x |
| Thu, 24 Oct 2024 | ₦107.9b | ₦92.5b | ₦2.0b | 10.8x | 54.1x | 1.2x |
| Sat, 21 Sep 2024 | ₦91.2b | ₦92.5b | ₦2.0b | 11.1x | 45.7x | 1x |
| Mon, 19 Aug 2024 | ₦93.1b | ₦92.5b | ₦2.0b | 10.1x | 46.7x | 1x |
| Wed, 17 Jul 2024 | ₦94.2b | ₦84.8b | ₦2.1b | 8.7x | 44x | 1.1x |
| Fri, 14 Jun 2024 | ₦91.1b | ₦84.8b | ₦2.1b | 8.4x | 42.6x | 1.1x |
| Sun, 12 May 2024 | ₦97.7b | ₦84.6b | ₦1.9b | 9.6x | 52.2x | 1.2x |
| Tue, 09 Apr 2024 | ₦97.5b | ₦75.0b | ₦1.7b | 11.4x | 57.9x | 1.3x |
| Thu, 07 Mar 2024 | ₦94.8b | ₦75.0b | ₦1.7b | 10.1x | 56.2x | 1.3x |
| Sat, 03 Feb 2024 | ₦127.4b | ₦90.5b | ₦3.9b | 12.3x | 32.6x | 1.4x |
| Mon, 01 Jan 2024 | ₦129.6b | ₦85.6b | ₦4.7b | 11.7x | 27.4x | 1.5x |
| Wed, 29 Nov 2023 | ₦120.7b | ₦85.6b | ₦4.7b | 11.8x | 25.5x | 1.4x |
| Fri, 27 Oct 2023 | ₦68.9b | ₦82.7b | ₦5.7b | 8.1x | 12x | 0.8x |
| Sun, 24 Sep 2023 | ₦68.0b | ₦82.7b | ₦5.7b | 8.2x | 11.8x | 0.8x |
| Tue, 22 Aug 2023 | ₦66.4b | ₦83.1b | ₦6.1b | 8.3x | 10.9x | 0.8x |
| Thu, 20 Jul 2023 | ₦64.7b | ₦81.7b | ₦6.1b | 7.8x | 10.6x | 0.8x |
| Sat, 17 Jun 2023 | ₦54.9b | ₦81.7b | ₦6.1b | 6x | 9x | 0.7x |
| Mon, 15 May 2023 | ₦47.8b | ₦81.7b | ₦6.1b | 5x | 7.8x | 0.6x |
| Wed, 12 Apr 2023 | ₦45.8b | ₦83.3b | ₦6.0b | 5.2x | 7.6x | 0.5x |
| Fri, 10 Mar 2023 | ₦48.9b | ₦84.2b | ₦5.9b | 5.5x | 8.3x | 0.6x |
Price to Earnings Ratio
8.3x
Current Industry PE
- Investors are optimistic on the Nigerian Healthcare industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 32.0x which is higher than its 3-year average PE of 27.1x.
- The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 2.7x.
Past Earnings Growth
- The earnings for companies in the Healthcare industry have grown 50% per year over the last three years.
- Revenues for these companies have grown 42% 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 Nigerian Healthcare sector?
| NG Market | -1.91% | |
| Healthcare | -7.74% | |
| Healthcare Services | 0% | 0 |
| Pharma | -7.77% | |
Industry PE
- Investors are most optimistic about the Pharma industry which is trading above its 3-year average PE ratio of 26.4x.
- Analysts are expecting annual earnings growth of 23.5%, which is lower than the prior year's growth of 110.5% per year.
- Investors are most pessimistic about the Pharma industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 26.4x.
Forecasted Growth
- Analysts are most optimistic on the Pharma industry, expecting annual earnings growth of 24% over the next 5 years.
- However this is lower than its past earnings growth rate of 110% per year.
- In contrast, the Pharma industry is expected to see its earnings grow by 24% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| No data available | |||||