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New Zealand (NZX) Healthcare Sector Analysis

UpdatedNov 20, 2025
DataAggregated Company Financials
Companies13
  • 7D-0.7%
  • 3M-4.3%
  • 1Y-11.9%
  • YTD-10.3%

Over the last 7 days, the Healthcare industry has remained flat. As for the longer term, the industry has declined 12% in the last year. As for the next few years, earnings are expected to grow by 18% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 22 Nov 2025NZ$34.6bNZ$18.0bNZ$573.0m22.9x60.4x1.9x
Mon, 20 Oct 2025NZ$33.6bNZ$17.8bNZ$574.0m19.8x58.5x1.9x
Wed, 17 Sep 2025NZ$34.3bNZ$17.6bNZ$570.5m18.1x60.1x2x
Fri, 15 Aug 2025NZ$36.2bNZ$17.7bNZ$572.2m18.6x63.2x2x
Sun, 13 Jul 2025NZ$35.5bNZ$17.6bNZ$571.8m18.1x62.1x2x
Tue, 10 Jun 2025NZ$34.8bNZ$17.4bNZ$567.5m14.8x61.3x2x
Thu, 08 May 2025NZ$34.7bNZ$17.3bNZ$654.7m14.8x52.9x2x
Sat, 05 Apr 2025NZ$34.1bNZ$17.3bNZ$655.1m16.9x52.1x2x
Mon, 03 Mar 2025NZ$33.7bNZ$17.6bNZ$661.6m16.6x51x1.9x
Wed, 29 Jan 2025NZ$36.9bNZ$18.2bNZ$734.0m14.4x50.2x2x
Fri, 27 Dec 2024NZ$36.9bNZ$18.2bNZ$728.7m12.4x50.7x2x
Sun, 24 Nov 2024NZ$37.6bNZ$18.1bNZ$775.4m24.3x48.4x2.1x
Tue, 22 Oct 2024NZ$38.0bNZ$18.3bNZ$967.7m20.6x39.2x2.1x
Thu, 19 Sep 2024NZ$37.3bNZ$18.1bNZ$963.9m19.9x38.7x2.1x
Sat, 17 Aug 2024NZ$35.0bNZ$17.6bNZ$975.2m19.8x35.9x2x
Mon, 15 Jul 2024NZ$31.5bNZ$17.7bNZ$977.2m16.8x32.2x1.8x
Wed, 12 Jun 2024NZ$30.0bNZ$17.3bNZ$960.2m17.3x31.2x1.7x
Fri, 10 May 2024NZ$30.1bNZ$17.4bNZ$1.3b23.5x23.4x1.7x
Sun, 07 Apr 2024NZ$29.4bNZ$17.4bNZ$1.3b23.8x22.9x1.7x
Tue, 05 Mar 2024NZ$28.8bNZ$17.0bNZ$1.3b18.7x22.3x1.7x
Thu, 01 Feb 2024NZ$29.6bNZ$16.6bNZ$1.1b20.8x26.2x1.8x
Sat, 30 Dec 2023NZ$29.0bNZ$16.7bNZ$1.1b23.4x25.7x1.7x
Mon, 27 Nov 2023NZ$27.5bNZ$16.5bNZ$1.1b23.1x24.4x1.7x
Wed, 25 Oct 2023NZ$27.0bNZ$16.6bNZ$1.1b31x24.3x1.6x
Fri, 22 Sep 2023NZ$28.3bNZ$16.5bNZ$1.1b29.1x25.5x1.7x
Sun, 20 Aug 2023NZ$28.7bNZ$15.8bNZ$1.1b28.9x26.7x1.8x
Tue, 18 Jul 2023NZ$31.0bNZ$15.7bNZ$1.1b29.9x28.9x2x
Thu, 15 Jun 2023NZ$29.3bNZ$16.0bNZ$1.1b29.3x27.1x1.8x
Sat, 13 May 2023NZ$31.8bNZ$15.5bNZ$1.6b18.8x20.1x2.1x
Mon, 10 Apr 2023NZ$32.2bNZ$15.4bNZ$1.6b19.4x20.4x2.1x
Wed, 08 Mar 2023NZ$31.8bNZ$15.7bNZ$1.6b18.6x20x2x
Fri, 03 Feb 2023NZ$31.6bNZ$14.7bNZ$1.7b19x18.6x2.1x
Sun, 01 Jan 2023NZ$28.6bNZ$14.5bNZ$1.7b19.5x16.9x2x
Tue, 29 Nov 2022NZ$27.8bNZ$14.8bNZ$1.8b21.6x15.3x1.9x
Price to Earnings Ratio

15.3x


Total Market Cap: NZ$27.8bTotal Earnings: NZ$1.8bTotal Revenue: NZ$14.8bTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Healthcare Sector Price to Earnings3Y Average 35.9x202320242025
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 60.4x which is higher than its 3-year average PE of 35.9x.
  • 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 6.7% 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-0.32%
Healthcare-0.65%
Pharma15.81%
Biotech3.55%
Healthcare Services1.48%
Medical Equipment-2.15%
Industry PE
  • Investors are most optimistic about the Medical Equipment industry even though it's trading below its 3-year average PE ratio of 83.2x.
    • Analysts are expecting annual earnings growth of 13.7%, which is lower than the prior year's growth of 184.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Biotech industry, expecting annual earnings growth of 41% over the next 5 years.
  • In contrast, the Medical Equipment industry is expected to see its earnings grow by 14% 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$12.552.4%
+NZ$72.7m		-4.2%PE8.3x
EBO EBOS GroupNZ$29.131.1%
+NZ$63.6m		-22.3%PE24.1x
AFT AFT PharmaceuticalsNZ$3.7517.2%
+NZ$57.7m		38.4%PE22.5x
RYM Ryman HealthcareNZ$2.871.1%
+NZ$30.4m		-43.2%PS3.8x
RAD Radius Residential CareNZ$0.418.0%
+NZ$8.5m		80.0%PE10.1x

Latest News

AFT
NZ$3.75
AFT Pharmaceuticals
7D
17.2%
1Y
38.4%

Is AFT Pharmaceuticals (NZSE:AFT) Using Too Much Debt?

Nov 21
Is AFT Pharmaceuticals (NZSE:AFT) Using Too Much Debt?
FPH
NZ$36.88
Fisher & Paykel Healthcare
7D
-2.1%
1Y
-4.3%

FPH: Fair Value Will Stay Stable Amid Slightly Higher Discount Rate

Analysts have raised their price target for Fisher & Paykel Healthcare from $36.61 to $37.26. They cite slightly higher projected revenue growth along with modest improvements in the profit margin outlook.
SUM
NZ$12.55
Summerset Group Holdings
7D
2.4%
1Y
-4.2%
PHL
NZ$0.56
Promisia Healthcare
7D
4.7%
1Y
52.1%
PEB
NZ$0.17
Pacific Edge
7D
3.6%
1Y
25.0%
RYM
NZ$2.87
Ryman Healthcare
7D
1.1%
1Y
-43.2%

RYM: Stable Forecasts Will Support Current Share Price Levels

Narrative Update on Ryman Healthcare Analyst Price Target Analysts have maintained their price target for Ryman Healthcare at $3.07, with only minor adjustments to underlying assumptions. They cite stable forecasts for revenue growth and profit margins as reasons for the consistent valuation.
RAD
NZ$0.41
Radius Residential Care
7D
8.0%
1Y
80.0%
OCA
NZ$0.82
Oceania Healthcare
7D
1.2%
1Y
7.9%
EBO
NZ$29.13
EBOS Group
7D
1.1%
1Y
-22.3%
RUA
NZ$0.028
Rua Bioscience
7D
-6.7%
1Y
-9.7%
TRU
NZ$0.019
TruScreen Group
7D
-5.0%
1Y
-13.6%