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New Zealand (NZX) Healthcare Sector Analysis

UpdatedDec 09, 2025
DataAggregated Company Financials
Companies13
  • 7D0.4%
  • 3M0.9%
  • 1Y-6.3%
  • YTD-9.3%

In the last week, the Healthcare industry is flat overall, with Summerset Group Holdings standing out by going down 4.6%. As for the longer term, the industry has declined 6.4% in the last year. Looking forward, earnings are forecast to grow by 19% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 09 Dec 2025NZ$35.4bNZ$18.2bNZ$532.1m21.2x66.5x1.9x
Thu, 06 Nov 2025NZ$34.7bNZ$17.9bNZ$577.4m21.1x60.2x1.9x
Sat, 04 Oct 2025NZ$34.8bNZ$17.7bNZ$573.9m19.4x60.7x2x
Mon, 01 Sep 2025NZ$34.3bNZ$17.5bNZ$567.8m18.7x60.4x2x
Wed, 30 Jul 2025NZ$36.3bNZ$17.6bNZ$571.2m19.2x63.6x2.1x
Fri, 27 Jun 2025NZ$35.0bNZ$17.4bNZ$567.7m15.7x61.6x2x
Sun, 25 May 2025NZ$35.3bNZ$17.3bNZ$721.4m16.9x48.9x2x
Tue, 22 Apr 2025NZ$33.1bNZ$17.1bNZ$651.8m15.8x50.8x1.9x
Thu, 20 Mar 2025NZ$31.9bNZ$17.4bNZ$657.8m17.8x48.5x1.8x
Sat, 15 Feb 2025NZ$35.9bNZ$18.3bNZ$736.0m16.7x48.7x2x
Mon, 13 Jan 2025NZ$36.5bNZ$18.2bNZ$728.7m14x50.1x2x
Wed, 11 Dec 2024NZ$35.9bNZ$18.1bNZ$731.8m13.2x49x2x
Fri, 08 Nov 2024NZ$37.0bNZ$18.3bNZ$968.7m17.9x38.2x2x
Sun, 06 Oct 2024NZ$36.5bNZ$18.2bNZ$967.5m18.9x37.7x2x
Tue, 03 Sep 2024NZ$36.8bNZ$18.0bNZ$963.5m20.9x38.2x2x
Thu, 01 Aug 2024NZ$33.9bNZ$17.6bNZ$974.6m19.3x34.8x1.9x
Sat, 29 Jun 2024NZ$30.1bNZ$17.5bNZ$973.0m16.8x30.9x1.7x
Mon, 27 May 2024NZ$30.1bNZ$17.3bNZ$1.3b20.2x23.5x1.7x
Wed, 24 Apr 2024NZ$29.5bNZ$17.3bNZ$1.3b23.9x22.9x1.7x
Fri, 22 Mar 2024NZ$28.8bNZ$17.3bNZ$1.3b24.7x22.4x1.7x
Sun, 18 Feb 2024NZ$29.5bNZ$16.5bNZ$1.1b18.6x26.1x1.8x
Tue, 16 Jan 2024NZ$29.4bNZ$16.6bNZ$1.1b23.1x26x1.8x
Thu, 14 Dec 2023NZ$28.1bNZ$16.6bNZ$1.1b23.4x24.9x1.7x
Sat, 11 Nov 2023NZ$28.0bNZ$16.5bNZ$1.1b26.1x25.3x1.7x
Mon, 09 Oct 2023NZ$28.2bNZ$16.3bNZ$1.1b31x25.5x1.7x
Wed, 06 Sep 2023NZ$29.3bNZ$16.5bNZ$1.1b30x26.7x1.8x
Fri, 04 Aug 2023NZ$30.5bNZ$15.7bNZ$1.1b29.6x28.4x1.9x
Sun, 02 Jul 2023NZ$30.1bNZ$15.8bNZ$1.1b29.2x28x1.9x
Tue, 30 May 2023NZ$31.0bNZ$15.7bNZ$1.6b19.6x19.7x2x
Thu, 27 Apr 2023NZ$32.3bNZ$15.6bNZ$1.6b18.8x20.4x2.1x
Sat, 25 Mar 2023NZ$31.4bNZ$15.5bNZ$1.6b18.7x19.9x2x
Mon, 20 Feb 2023NZ$31.4bNZ$14.8bNZ$1.7b18.7x18.4x2.1x
Wed, 18 Jan 2023NZ$30.2bNZ$14.7bNZ$1.7b19.6x17.8x2.1x
Fri, 16 Dec 2022NZ$28.7bNZ$14.4bNZ$1.7b21.7x16.9x2x
Price to Earnings Ratio

16.9x


Total Market Cap: NZ$28.7bTotal Earnings: NZ$1.7bTotal Revenue: NZ$14.4bTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Healthcare Sector Price to Earnings3Y Average 36.7x202320242025
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 66.4x which is higher than its 3-year average PE of 36.6x.
  • 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 32% per year over the last three years.
  • Meanwhile revenues for these companies have grown 8.1% 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-0.05%
Healthcare0.43%
Pharma3.76%
Medical Equipment2.03%
Biotech1.97%
Healthcare Services-2.46%
Industry PE
  • Investors are most optimistic about the Healthcare Services industry which is trading above its 3-year average PE ratio of 24.8x.
    • Analysts are expecting annual earnings growth of 30.6%, 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
FPH Fisher & Paykel HealthcareNZ$38.192.0%
+NZ$446.3m		3.2%PE51.3x
OCA Oceania HealthcareNZ$0.894.7%
+NZ$29.0m		25.4%PE12.3x
AFT AFT PharmaceuticalsNZ$3.653.7%
+NZ$13.6m		32.7%PE21.9x
TAH Third Age Health ServicesNZ$7.4313.4%
+NZ$8.8m		218.9%PE27.1x
PEB Pacific EdgeNZ$0.152.0%
+NZ$3.1m		29.2%PS8.7x

Latest News

EBO
NZ$27.69
EBOS Group
7D
-2.3%
1Y
-24.8%

EBOS Group Limited's (NZSE:EBO) Price Is Out Of Tune With Earnings

Dec 08
EBOS Group Limited's (NZSE:EBO) Price Is Out Of Tune With Earnings
MEE
NZ$0.057
Me Today
7D
-1.7%
1Y
-23.0%
FPH
NZ$38.19
Fisher & Paykel Healthcare
7D
2.0%
1Y
3.2%

FPH: Dividend Lift And Profit Outlook Will Support Fair Future Returns

Analysts have raised their price target for Fisher & Paykel Healthcare by roughly NZ$2. This reflects expectations of slightly higher long term profitability, modestly lower growth assumptions, and a marginally higher discount rate.
TAH
NZ$7.43
Third Age Health Services
7D
13.4%
1Y
218.9%
BLT
NZ$0.017
BLIS Technologies
7D
6.3%
1Y
6.3%

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
RYM
NZ$2.87
Ryman Healthcare
7D
-2.4%
1Y
-33.3%
OCA
NZ$0.89
Oceania Healthcare
7D
4.7%
1Y
25.4%

Oceania Healthcare's (NZSE:OCA) Solid Earnings May Rest On Weak Foundations

Nov 28
Oceania Healthcare's (NZSE:OCA) Solid Earnings May Rest On Weak Foundations
PEB
NZ$0.15
Pacific Edge
7D
2.0%
1Y
29.2%

Analysts Just Shaved Their Pacific Edge Limited (NZSE:PEB) Forecasts Dramatically

Nov 27
Analysts Just Shaved Their Pacific Edge Limited (NZSE:PEB) Forecasts Dramatically
AFT
NZ$3.65
AFT Pharmaceuticals
7D
3.7%
1Y
32.7%
RAD
NZ$0.40
Radius Residential Care
7D
-2.4%
1Y
113.9%
SUM
NZ$12.13
Summerset Group Holdings
7D
-4.6%
1Y
-4.6%
PHL
NZ$0.46
Promisia Healthcare
7D
-8.9%
1Y
13.6%