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New Zealand (NZX) Healthcare Sector Analysis

UpdatedFeb 19, 2026
DataAggregated Company Financials
Companies13
  • 7D-6.0%
  • 3M-5.8%
  • 1Y-12.2%
  • YTD-6.0%

Over the last 7 days, the Healthcare industry has dropped 6.0%, driven by Fisher & Paykel Healthcare declining 4.6%. However, the industry is down 12% over the past year. As for the next few years, earnings are expected to grow by 20% per annum.

Sector Valuation and Performance

Has the New Zealand Healthcare Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 20 Feb 2026NZ$32.2bNZ$18.5bNZ$538.6m20x59.9x1.7x
Sun, 18 Jan 2026NZ$35.8bNZ$18.3bNZ$535.0m21.2x66.9x2x
Tue, 16 Dec 2025NZ$35.3bNZ$18.2bNZ$532.1m21.6x66.4x1.9x
Thu, 13 Nov 2025NZ$35.6bNZ$18.0bNZ$579.3m20.1x61.5x2x
Sat, 11 Oct 2025NZ$34.3bNZ$17.8bNZ$575.5m19.5x59.7x1.9x
Mon, 08 Sep 2025NZ$34.9bNZ$17.5bNZ$569.7m18.3x61.2x2x
Wed, 06 Aug 2025NZ$36.4bNZ$17.6bNZ$571.9m18.9x63.6x2.1x
Fri, 04 Jul 2025NZ$35.5bNZ$17.5bNZ$568.7m16.7x62.5x2x
Sun, 01 Jun 2025NZ$34.7bNZ$17.4bNZ$567.9m15x61.1x2x
Tue, 29 Apr 2025NZ$33.7bNZ$17.2bNZ$653.2m15.3x51.6x2x
Thu, 27 Mar 2025NZ$32.9bNZ$17.5bNZ$659.0m17.5x49.9x1.9x
Sat, 22 Feb 2025NZ$35.2bNZ$17.6bNZ$706.8m16.7x49.9x2x
Mon, 20 Jan 2025NZ$37.2bNZ$18.3bNZ$735.3m14.2x50.6x2x
Wed, 18 Dec 2024NZ$36.6bNZ$18.2bNZ$727.4m13.2x50.3x2x
Fri, 15 Nov 2024NZ$37.7bNZ$18.2bNZ$967.8m17.4x39x2.1x
Sun, 13 Oct 2024NZ$37.8bNZ$18.3bNZ$968.0m19.9x39.1x2.1x
Tue, 10 Sep 2024NZ$37.1bNZ$18.0bNZ$962.5m20.8x38.5x2.1x
Thu, 08 Aug 2024NZ$34.3bNZ$17.5bNZ$972.5m19x35.3x2x
Sat, 06 Jul 2024NZ$29.8bNZ$17.6bNZ$974.9m16.4x30.5x1.7x
Mon, 03 Jun 2024NZ$30.0bNZ$17.3bNZ$1.2b12.9x24.9x1.7x
Wed, 01 May 2024NZ$30.6bNZ$17.4bNZ$1.3b24x23.7x1.8x
Fri, 29 Mar 2024NZ$29.2bNZ$17.3bNZ$1.3b23.6x22.7x1.7x
Sun, 25 Feb 2024NZ$28.7bNZ$16.9bNZ$1.1b18.2x25.4x1.7x
Tue, 23 Jan 2024NZ$28.7bNZ$16.7bNZ$1.1b22.8x25.4x1.7x
Thu, 21 Dec 2023NZ$28.9bNZ$16.7bNZ$1.1b23.4x25.6x1.7x
Sat, 18 Nov 2023NZ$28.3bNZ$16.5bNZ$1.1b27x25.5x1.7x
Mon, 16 Oct 2023NZ$27.3bNZ$16.3bNZ$1.1b31x24.7x1.7x
Wed, 13 Sep 2023NZ$28.1bNZ$16.6bNZ$1.1b29x25.3x1.7x
Fri, 11 Aug 2023NZ$29.3bNZ$15.8bNZ$1.1b28.9x27.3x1.9x
Sun, 09 Jul 2023NZ$30.7bNZ$15.7bNZ$1.1b29.7x28.6x2x
Tue, 06 Jun 2023NZ$30.7bNZ$15.9bNZ$1.1b32.8x28.5x1.9x
Thu, 04 May 2023NZ$32.0bNZ$15.5bNZ$1.6b18.8x20.2x2.1x
Sat, 01 Apr 2023NZ$32.1bNZ$15.4bNZ$1.6b19.4x20.3x2.1x
Mon, 27 Feb 2023NZ$31.7bNZ$15.7bNZ$1.6b18.6x19.9x2x
Price to Earnings Ratio

19.9x


Total Market Cap: NZ$31.7bTotal Earnings: NZ$1.6bTotal Revenue: NZ$15.7bTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Healthcare Sector Price to Earnings3Y Average 39.9x202420252026
Current Industry PE
  • Investors are optimistic on the New Zealander Healthcare industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 59.9x which is higher than its 3-year average PE of 39.8x.
  • The industry is trading close to its 3-year average PS ratio of 1.9x.
Past Earnings Growth
  • The earnings for companies in the Healthcare industry have declined 30% per year over the last three years.
  • Meanwhile revenues for these companies have grown 5.7% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the New Zealand Healthcare sector?

NZ Market-1.99%
Healthcare-5.97%
Pharma-3.10%
Biotech-4.35%
Healthcare Services-5.10%
Medical Equipment-6.48%
Industry PE
  • Investors are most optimistic about the Healthcare Services industry which is trading above its 3-year average PE ratio of 30.9x.
    • Analysts are expecting annual earnings growth of 33.9%, which is higher than its past year's earnings decline of 13.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Biotech industry, expecting annual earnings growth of 45% over the next 5 years.
  • In contrast, the Medical Equipment industry is expected to see its earnings grow by 13% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
EBO EBOS GroupNZ$25.422.2%
+NZ$110.9m		-35.3%PE20.5x
OCA Oceania HealthcareNZ$0.821.2%
+NZ$7.2m		7.9%PE11.3x
PEB Pacific EdgeNZ$0.232.3%
+NZ$5.1m		246.2%PS12.6x
BLT BLIS TechnologiesNZ$0.0185.9%
+NZ$1.3m		12.5%PE22.4x
PHL Promisia HealthcareNZ$0.474.4%
+NZ$1.1m		23.7%PE21.1x

Latest News

RYM
NZ$2.50
Ryman Healthcare
7D
-7.7%
1Y
-42.1%

RYM: Higher Margin Outlook Will Support Updated Sales Guidance

Analysts have lifted their NZ$ fair value estimate for Ryman Healthcare from NZ$3.50 to NZ$3.70, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E multiples. What's in the News Ryman Healthcare reaffirmed its fiscal 2026 sales guidance for occupation right agreements at 1,300 to 1,400, with guidance excluding expected relocations of fewer than 40 residents from Margaret Stoddart and Woodcote care centre closures, which will still appear in reported third quarter 2025 sales volumes (Key Developments).
FPH
NZ$37.60
Fisher & Paykel Healthcare
7D
-4.6%
1Y
7.3%

Fisher & Paykel Healthcare Corporation Limited's (NZSE:FPH) Shareholders Might Be Looking For Exit

Feb 15
Fisher & Paykel Healthcare Corporation Limited's (NZSE:FPH) Shareholders Might Be Looking For Exit
EBO
NZ$25.42
EBOS Group
7D
2.2%
1Y
-35.3%

EBO: Analyst Day Will Support Future Capital Efficiency Reassessment

Analysts have nudged their fair value estimate for EBOS Group higher from A$35.02 to A$35.22, citing updated assumptions around discount rates, revenue growth, profit margins, and future P/E expectations. What's in the News EBOS Group held an Analyst/Investor Day, providing management with a forum to outline its business priorities and respond to questions from the investment community (Key Developments).
OCA
NZ$0.82
Oceania Healthcare
7D
1.2%
1Y
7.9%

OCA: Fair Value Will Rely On Slightly Higher Future Profitability

Analysts have maintained their fair value estimate for Oceania Healthcare at $0.84 per share. Small refinements to the discount rate, revenue growth, profit margin and future P/E assumptions are driving this narrative update, rather than a change in the headline price target.
TAH
NZ$5.37
Third Age Health Services
7D
-0.7%
1Y
70.5%
PEB
NZ$0.23
Pacific Edge
7D
2.3%
1Y
246.2%
SUM
NZ$10.51
Summerset Group Holdings
7D
-3.5%
1Y
-18.1%
RAD
NZ$0.38
Radius Residential Care
7D
-3.8%
1Y
91.9%
TRU
NZ$0.02
TruScreen Group
7D
-9.1%
1Y
-31.0%
BLT
NZ$0.018
BLIS Technologies
7D
5.9%
1Y
12.5%

There's Reason For Concern Over BLIS Technologies Limited's (NZSE:BLT) Price

Dec 03
There's Reason For Concern Over BLIS Technologies Limited's (NZSE:BLT) Price
PHL
NZ$0.47
Promisia Healthcare
7D
4.4%
1Y
23.7%