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New Zealand (NZX) Healthcare Sector Analysis

UpdatedJun 18, 2026
DataAggregated Company Financials
Companies14
  • 7D-0.01%
  • 3M1.9%
  • 1Y-6.9%
  • YTD-6.8%

The Healthcare industry has been flat over the last week, but EBOS Group has lost 4.4%. As for the longer term, the industry has declined 6.4% in the last year. As for the next few years, earnings are expected to grow by 22% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 18 Jun 2026NZ$32.9bNZ$20.2bNZ$829.4m16.2x39.7x1.6x
Sat, 16 May 2026NZ$28.9bNZ$20.1bNZ$451.9m17.9x64.1x1.4x
Mon, 13 Apr 2026NZ$32.9bNZ$19.9bNZ$450.9m17.7x72.9x1.7x
Wed, 11 Mar 2026NZ$33.2bNZ$19.7bNZ$448.0m18.1x74x1.7x
Fri, 06 Feb 2026NZ$35.7bNZ$18.4bNZ$535.6m20.6x66.6x1.9x
Sun, 04 Jan 2026NZ$35.2bNZ$18.3bNZ$534.7m20.3x65.8x1.9x
Tue, 02 Dec 2025NZ$35.2bNZ$18.1bNZ$530.9m21.2x66.4x1.9x
Thu, 30 Oct 2025NZ$34.0bNZ$17.9bNZ$575.8m19.2x59x1.9x
Sat, 27 Sep 2025NZ$33.9bNZ$17.8bNZ$574.1m17.6x59x1.9x
Mon, 25 Aug 2025NZ$36.4bNZ$17.8bNZ$574.5m18.6x63.4x2x
Wed, 23 Jul 2025NZ$36.1bNZ$17.6bNZ$571.6m18.4x63.2x2x
Fri, 20 Jun 2025NZ$34.9bNZ$17.5bNZ$568.6m15.7x61.3x2x
Sun, 18 May 2025NZ$36.0bNZ$17.4bNZ$656.8m16.4x54.8x2.1x
Tue, 15 Apr 2025NZ$33.1bNZ$17.2bNZ$653.4m15.9x50.7x1.9x
Thu, 13 Mar 2025NZ$32.5bNZ$17.5bNZ$659.7m17.7x49.3x1.9x
Sat, 08 Feb 2025NZ$35.5bNZ$18.2bNZ$734.6m14.3x48.3x1.9x
Mon, 06 Jan 2025NZ$37.0bNZ$18.2bNZ$729.3m13.2x50.7x2x
Wed, 04 Dec 2024NZ$37.3bNZ$18.1bNZ$733.0m13.2x50.9x2.1x
Fri, 01 Nov 2024NZ$36.9bNZ$18.2bNZ$967.1m19.7x38.1x2x
Sun, 29 Sep 2024NZ$35.8bNZ$18.0bNZ$963.3m19x37.2x2x
Tue, 27 Aug 2024NZ$36.5bNZ$18.1bNZ$957.3m20.6x38.1x2x
Thu, 25 Jul 2024NZ$34.2bNZ$17.8bNZ$978.0m19.1x35x1.9x
Sat, 22 Jun 2024NZ$30.4bNZ$17.4bNZ$962.5m16.2x31.6x1.7x
Mon, 20 May 2024NZ$30.4bNZ$17.3bNZ$1.3b22.6x23.7x1.8x
Wed, 17 Apr 2024NZ$30.0bNZ$17.3bNZ$1.3b24.1x23.3x1.7x
Fri, 15 Mar 2024NZ$28.7bNZ$17.1bNZ$1.3b25.4x22.4x1.7x
Sun, 11 Feb 2024NZ$29.6bNZ$16.4bNZ$1.1b18.5x26.2x1.8x
Tue, 09 Jan 2024NZ$29.4bNZ$16.6bNZ$1.1b23.1x26x1.8x
Thu, 07 Dec 2023NZ$28.5bNZ$16.6bNZ$1.1b23.4x25.2x1.7x
Sat, 04 Nov 2023NZ$28.1bNZ$16.6bNZ$1.1b25.8x25.3x1.7x
Mon, 02 Oct 2023NZ$27.9bNZ$16.4bNZ$1.1b28.7x25.3x1.7x
Wed, 30 Aug 2023NZ$29.0bNZ$16.5bNZ$1.1b30.4x26.4x1.8x
Fri, 28 Jul 2023NZ$30.7bNZ$15.9bNZ$1.1b29.1x28.6x1.9x
Sun, 25 Jun 2023NZ$29.7bNZ$15.9bNZ$1.1b29.2x27.6x1.9x
Price to Earnings Ratio

27.6x


Total Market Cap: NZ$29.7bTotal Earnings: NZ$1.1bTotal Revenue: NZ$15.9bTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Healthcare Sector Price to Earnings3Y Average 44.6x202420252026
Current Industry PE
  • Investors are pessimistic on the New Zealander 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 39.6x which is lower than its 3-year average PE of 44.6x.
  • The 3-year average PS ratio of 1.9x is higher than the industry's current PS ratio of 1.6x.
Past Earnings Growth
  • The earnings for companies in the Healthcare industry have declined 8.3% per year over the last three years.
  • Meanwhile revenues for these companies have grown 8.3% 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 Market0.87%
Healthcare-0.011%
Medical Equipment0.39%
Biotech0%0
Healthcare Services-0.86%
Pharma-2.61%
Industry PE
  • Investors are most optimistic about the Medical Equipment industry even though it's trading below its 3-year average PE ratio of 81.7x.
    • Analysts are expecting annual earnings growth of 13.3%, which is lower than the prior year's growth of 24.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Biotech industry, expecting annual earnings growth of 65% 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
SUM Summerset Group HoldingsNZ$8.655.7%
+NZ$114.4m		-20.6%PE8.1x
OCA Oceania HealthcareNZ$0.723.6%
+NZ$18.1m		9.8%PE4412.3x
RYM Ryman HealthcareNZ$2.280.4%
+NZ$10.1m		1.8%PS2.7x
RAD Radius Residential CareNZ$0.401.3%
+NZ$1.4m		29.5%PE11.8x
RUA Rua BioscienceNZ$0.033.4%
+NZ$338.0k		7.1%PS4.2x

Latest News

OCA
NZ$0.72
Oceania Healthcare
7D
3.6%
1Y
9.8%
RYM
NZ$2.28
Ryman Healthcare
7D
0.4%
1Y
1.8%
Narrative Update • Jun 14

RYM: Capital Management And Governance Turnaround Will Support Future Upside

Analysts have kept their NZ$ fair value estimate for Ryman Healthcare unchanged, pointing to only very small adjustments in the discount rate, revenue growth outlook, profit margin assumptions and future P/E that did not materially shift their overall price target narrative. What's in the News Ryman Healthcare completed a six year fixed rate secured unsubordinated bond offer, allocating NZ$150 million after taking up oversubscriptions beyond the initial NZ$100 million target.
AFT
NZ$3.76
AFT Pharmaceuticals
7D
-4.3%
1Y
45.7%
RAD
NZ$0.40
Radius Residential Care
7D
1.3%
1Y
29.5%
EBO
NZ$20.15
EBOS Group
7D
-2.5%
1Y
-45.8%
Narrative Update • Jun 07

EBO: Discount Rate Shift Will Support Future Capital Efficiency Reassessment

Analysts have trimmed their NZ$ fair value estimate for EBOS Group from NZ$33.31 to NZ$31.32, citing updated assumptions for discount rates, revenue growth, profit margins and future P/E multiples. What's in the News No recent company specific news, periodical coverage or key development items were provided for EBOS Group, so there are currently no additional news highlights to summarize.
TAH
NZ$4.57
Third Age Health Services
7D
-0.7%
1Y
30.6%
Analysis Article • Jun 05

Third Age Health Services' (NZSE:TAH) Earnings Offer More Than Meets The Eye

Shareholders appeared to be happy with Third Age Health Services Limited's ( NZSE:TAH ) solid earnings report last...
PHL
NZ$0.65
Promisia Healthcare
7D
-1.5%
1Y
62.5%
Analysis Article • Jun 04

We Think That There Are Issues Underlying Promisia Healthcare's (NZSE:PHL) Earnings

Promisia Healthcare Limited's ( NZSE:PHL ) stock was strong after they recently reported robust earnings. However, we...
BLT
NZ$0.016
BLIS Technologies
7D
-11.1%
1Y
6.7%
SUM
NZ$8.65
Summerset Group Holdings
7D
5.7%
1Y
-20.6%
MEE
NZ$0.047
Me Today
7D
-4.1%
1Y
-28.8%
RUA
NZ$0.03
Rua Bioscience
7D
3.4%
1Y
7.1%