Hofseth BioCare ASA (OB:HBC) Might Not Be As Mispriced As It Looks After Plunging 31%
Mar 12
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Norwegian (OSEAX) Healthcare Sector Analysis
UpdatedMar 13, 2025
DataAggregated Company Financials
Companies24
- 7D0.3%
- 3M-0.5%
- 1Y-39.6%
- YTD-4.1%
Over the last 7 days, the Healthcare industry has remained flat, although notably Photocure gained 7.2%. As for the longer term, the industry has declined 40% in the last year. As for the next few years, earnings are expected to grow by 44% per annum.
Sector Valuation and Performance
Has the Norwegian Healthcare Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 14 Mar 2025 | NOK 16.1b | NOK 3.4b | -NOK 1,242,227,156.11 | 17.2x | -13x | 4.7x |
| Sun, 09 Feb 2025 | NOK 16.8b | NOK 3.7b | -NOK 1,153,338,308.29 | 24.9x | -14.6x | 4.5x |
| Tue, 07 Jan 2025 | NOK 16.0b | NOK 3.8b | -NOK 1,103,656,136.86 | 25x | -14.5x | 4.3x |
| Thu, 05 Dec 2024 | NOK 17.0b | NOK 4.0b | -NOK 985,416,618.93 | 22.1x | -17.2x | 4.2x |
| Sat, 02 Nov 2024 | NOK 17.2b | NOK 4.0b | -NOK 990,090,260.19 | 21.4x | -17.4x | 4.3x |
| Mon, 30 Sep 2024 | NOK 18.0b | NOK 4.0b | -NOK 952,971,967.54 | 20x | -18.9x | 4.5x |
| Wed, 28 Aug 2024 | NOK 19.3b | NOK 4.0b | -NOK 892,138,445.58 | 19x | -21.6x | 4.8x |
| Fri, 26 Jul 2024 | NOK 21.7b | NOK 4.0b | -NOK 984,772,998.08 | 16.6x | -22.1x | 5.4x |
| Sun, 23 Jun 2024 | NOK 22.2b | NOK 4.1b | -NOK 944,845,448.45 | 15.6x | -23.5x | 5.4x |
| Tue, 21 May 2024 | NOK 22.1b | NOK 4.2b | -NOK 1,169,738,370.72 | 17.3x | -18.9x | 5.2x |
| Thu, 18 Apr 2024 | NOK 21.3b | NOK 4.2b | -NOK 1,124,001,078.73 | 28x | -19x | 5.1x |
| Sat, 16 Mar 2024 | NOK 21.6b | NOK 4.2b | -NOK 1,083,284,989.41 | 27.7x | -19.9x | 5.1x |
| Mon, 12 Feb 2024 | NOK 28.6b | NOK 4.1b | -NOK 1,297,890,108.42 | 24x | -22x | 6.9x |
| Wed, 10 Jan 2024 | NOK 30.8b | NOK 4.1b | -NOK 1,582,520,914.00 | 23.5x | -19.4x | 7.5x |
| Fri, 08 Dec 2023 | NOK 27.7b | NOK 4.1b | -NOK 1,594,738,436.00 | 21.1x | -17.4x | 6.8x |
| Sun, 05 Nov 2023 | NOK 26.4b | NOK 3.5b | -NOK 1,853,221,288.00 | 32.6x | -14.2x | 7.6x |
| Tue, 03 Oct 2023 | NOK 28.1b | NOK 3.5b | -NOK 1,799,208,286.00 | 33.2x | -15.6x | 7.9x |
| Thu, 31 Aug 2023 | NOK 28.2b | NOK 3.6b | -NOK 1,796,969,931.00 | 32.1x | -15.7x | 7.9x |
| Sat, 29 Jul 2023 | NOK 29.7b | NOK 3.4b | -NOK 1,818,947,771.00 | 29.9x | -16.3x | 8.8x |
| Mon, 26 Jun 2023 | NOK 28.9b | NOK 3.4b | -NOK 1,803,192,839.00 | 42.2x | -16x | 8.5x |
| Wed, 24 May 2023 | NOK 30.6b | NOK 3.4b | -NOK 1,823,924,148.00 | 41.4x | -16.8x | 9x |
| Fri, 21 Apr 2023 | NOK 31.3b | NOK 3.1b | -NOK 1,790,861,945.00 | 32x | -17.5x | 10x |
| Sun, 19 Mar 2023 | NOK 28.0b | NOK 3.1b | -NOK 1,881,262,236.00 | 29.3x | -14.9x | 9x |
| Tue, 14 Feb 2023 | NOK 33.4b | NOK 3.6b | -NOK 1,855,499,381.00 | 35.4x | -18x | 9.3x |
| Thu, 12 Jan 2023 | NOK 33.2b | NOK 3.6b | -NOK 1,837,929,544.00 | 34.6x | -18x | 9.2x |
| Sat, 10 Dec 2022 | NOK 35.1b | NOK 3.6b | -NOK 1,834,084,335.00 | 37.4x | -19.1x | 9.8x |
| Mon, 07 Nov 2022 | NOK 32.5b | NOK 3.5b | -NOK 1,754,923,360.00 | 39.3x | -18.5x | 9.3x |
| Wed, 05 Oct 2022 | NOK 31.5b | NOK 3.4b | -NOK 1,773,858,460.00 | 57.5x | -17.8x | 9.1x |
| Fri, 02 Sep 2022 | NOK 35.4b | NOK 3.4b | -NOK 1,763,568,221.00 | 58.2x | -20.1x | 10.4x |
| Sun, 31 Jul 2022 | NOK 38.2b | NOK 3.3b | -NOK 1,739,139,871.00 | 87.3x | -21.9x | 11.7x |
| Tue, 28 Jun 2022 | NOK 37.0b | NOK 3.3b | -NOK 1,701,722,626.00 | 53.1x | -21.7x | 11.2x |
| Thu, 26 May 2022 | NOK 36.8b | NOK 3.6b | -NOK 1,322,668,227.00 | 49.6x | -27.8x | 10.2x |
| Sat, 23 Apr 2022 | NOK 42.8b | NOK 3.5b | -NOK 1,203,579,388.00 | 43.3x | -35.6x | 12.4x |
| Mon, 21 Mar 2022 | NOK 43.3b | NOK 5.1b | NOK 176.3m | 38.6x | 245.4x | 8.5x |
Price to Earnings Ratio
245.4x
Current Industry PE
- Investors are pessimistic on the Norwegian Healthcare industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 7.6x is higher than the industry's current PS ratio of 4.7x.
Past Earnings Growth
- Total earnings for the Healthcare industry have declined over the last three years, with the industry now making a loss overall.
- Revenues have also declined 12% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the Norwegian Healthcare sector?
| NO Market | 0.34% | |
| Healthcare | 0.29% | |
| Medical Equipment | 5.34% | |
| Pharma | 3.31% | |
| Healthtech | -0.82% | |
| Healthcare Services | -3.52% | |
| Biotech | -4.62% | |
Industry PE
- Investors are most optimistic about the Medical Equipment industry which is trading above its 3-year average PE ratio of 20.4x.
- Analysts are expecting annual earnings growth of 5.8%, which is higher than its past year's earnings growth of 0.009% per year.
Forecasted Growth
- Analysts are most optimistic on the Healthtech industry, expecting annual earnings growth of 98% over the next 5 years.
- This is better than its past earnings decline of 25% per year.
- In contrast, the Biotech industry is expected to see its earnings grow by 3.8% 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 | |
|---|---|---|---|---|---|
| PHO Photocure | NOK 53.40 | 7.2% +NOK 96.5m | -9.5% | PS2.7x | |
| MEDI Medistim | NOK 186.50 | 2.8% +NOK 91.6m | -3.6% | PE32.9x | |
| ONCIN Oncoinvent | NOK 2.13 | 25.3% +NOK 42.0m | n/a | PS76.3x | |
| OMDA Omda | NOK 39.90 | 5.0% +NOK 38.3m | 32.1% | PS1.9x | |
| LYTIX Lytix Biopharma | NOK 5.38 | 8.7% +NOK 29.4m | -8.0% | PS33x |
