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New Zealand (NZX) Healthcare Sector Analysis

UpdatedMay 27, 2026
DataAggregated Company Financials
Companies14
  • 7D6.9%
  • 3M-10.3%
  • 1Y-12.3%
  • YTD-11.2%

Over the last 7 days, the Healthcare industry has risen 3.9%, driven by gains from Fisher & Paykel Healthcare of 9.1%. In contrast, the industry has lost 17% in the last 12 months. 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
Wed, 27 May 2026NZ$31.3bNZ$20.3bNZ$427.2m23.8x73.3x1.5x
Fri, 24 Apr 2026NZ$31.2bNZ$20.0bNZ$451.7m18.4x69.2x1.6x
Sun, 22 Mar 2026NZ$31.7bNZ$19.8bNZ$449.4m18.1x70.6x1.6x
Tue, 17 Feb 2026NZ$33.0bNZ$18.5bNZ$537.3m19.8x61.4x1.8x
Thu, 15 Jan 2026NZ$35.8bNZ$18.4bNZ$535.9m21.6x66.9x1.9x
Sat, 13 Dec 2025NZ$35.3bNZ$18.2bNZ$531.8m21.6x66.3x1.9x
Mon, 10 Nov 2025NZ$35.7bNZ$18.0bNZ$578.9m19.6x61.7x2x
Wed, 08 Oct 2025NZ$35.3bNZ$17.8bNZ$574.4m19.4x61.5x2x
Fri, 05 Sep 2025NZ$34.6bNZ$17.5bNZ$569.7m18.3x60.8x2x
Sun, 03 Aug 2025NZ$35.6bNZ$17.6bNZ$571.0m19.2x62.4x2x
Tue, 01 Jul 2025NZ$35.0bNZ$17.4bNZ$567.4m16x61.6x2x
Thu, 29 May 2025NZ$34.6bNZ$17.4bNZ$918.2m17.1x37.6x2x
Sat, 26 Apr 2025NZ$33.0bNZ$17.1bNZ$652.3m15.8x50.6x1.9x
Mon, 24 Mar 2025NZ$31.9bNZ$17.4bNZ$657.9m17.6x48.4x1.8x
Wed, 19 Feb 2025NZ$36.2bNZ$18.3bNZ$736.6m16.4x49.1x2x
Fri, 17 Jan 2025NZ$36.4bNZ$18.2bNZ$734.7m14.2x49.5x2x
Sun, 15 Dec 2024NZ$35.8bNZ$18.2bNZ$734.0m12.4x48.8x2x
Tue, 12 Nov 2024NZ$38.0bNZ$18.2bNZ$968.0m18x39.3x2.1x
Thu, 10 Oct 2024NZ$36.9bNZ$18.3bNZ$968.7m19.8x38.1x2x
Sat, 07 Sep 2024NZ$37.0bNZ$18.0bNZ$961.6m20.5x38.5x2.1x
Mon, 05 Aug 2024NZ$34.3bNZ$17.5bNZ$973.2m19.6x35.3x2x
Wed, 03 Jul 2024NZ$29.6bNZ$17.6bNZ$974.5m16.2x30.4x1.7x
Fri, 31 May 2024NZ$29.8bNZ$17.4bNZ$1.2b12.9x24.7x1.7x
Sun, 28 Apr 2024NZ$29.8bNZ$17.4bNZ$1.3b23.4x23.2x1.7x
Tue, 26 Mar 2024NZ$29.6bNZ$17.3bNZ$1.3b23.9x23x1.7x
Thu, 22 Feb 2024NZ$28.2bNZ$16.4bNZ$1.1b18x25x1.7x
Sat, 20 Jan 2024NZ$29.0bNZ$16.7bNZ$1.1b22.8x25.6x1.7x
Mon, 18 Dec 2023NZ$28.5bNZ$16.7bNZ$1.1b23.4x25.2x1.7x
Wed, 15 Nov 2023NZ$28.1bNZ$16.5bNZ$1.1b26.3x25.3x1.7x
Fri, 13 Oct 2023NZ$27.5bNZ$16.3bNZ$1.1b31x24.9x1.7x
Sun, 10 Sep 2023NZ$28.3bNZ$16.5bNZ$1.1b29.6x25.8x1.7x
Tue, 08 Aug 2023NZ$30.3bNZ$15.7bNZ$1.1b30x28.2x1.9x
Thu, 06 Jul 2023NZ$30.7bNZ$15.7bNZ$1.1b29.7x28.6x1.9x
Sat, 03 Jun 2023NZ$30.7bNZ$15.9bNZ$1.1b32.8x28.6x1.9x
Price to Earnings Ratio

28.6x


Total Market Cap: NZ$30.7bTotal Earnings: NZ$1.1bTotal Revenue: NZ$15.9bTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Healthcare Sector Price to Earnings3Y Average 44.3x202420252026
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 74.6x which is higher than its 3-year average PE of 44.2x.
  • The 3-year average PS ratio of 1.9x is higher than the industry's current PS ratio of 1.5x.
Past Earnings Growth
  • The earnings for companies in the Healthcare industry have declined 29% per year over the last three years.
  • Meanwhile revenues for these companies have grown 8.2% 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 Market0.48%
Healthcare6.86%
Pharma12.11%
Medical Equipment9.06%
Healthcare Services2.35%
Biotech-10.00%
Industry PE
  • Investors are most optimistic about the Medical Equipment industry even though it's trading below its 3-year average PE ratio of 81.8x.
    • Analysts are expecting annual earnings growth of 13.4%, which is lower than the prior year's growth of 144.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare Services industry, expecting annual earnings growth of 42% over the next 5 years.
  • This is better than its past earnings decline of 14% per year.
  • 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$37.6012.2%
+NZ$2.4b		7.4%PE47.1x
RYM Ryman HealthcareNZ$2.3015.6%
+NZ$314.6m		-4.6%PS2.7x
SUM Summerset Group HoldingsNZ$7.8110.2%
+NZ$175.3m		-30.3%PE7.3x
OCA Oceania HealthcareNZ$0.7416.4%
+NZ$76.0m		22.1%PE4534.1x
AFT AFT PharmaceuticalsNZ$3.9010.5%
+NZ$38.8m		36.8%PE27.8x

Latest News

FPH
NZ$37.60
Fisher & Paykel Healthcare
7D
12.2%
1Y
7.4%
RYM
NZ$2.30
Ryman Healthcare
7D
15.6%
1Y
-4.6%
AFT
NZ$3.90
AFT Pharmaceuticals
7D
10.5%
1Y
36.8%
PEB
NZ$0.27
Pacific Edge
7D
-1.8%
1Y
203.4%
TRU
NZ$0.019
TruScreen Group
7D
11.8%
1Y
-36.7%
OCA
NZ$0.74
Oceania Healthcare
7D
16.4%
1Y
22.1%
BLT
NZ$0.017
BLIS Technologies
7D
13.3%
1Y
0%
EBO
NZ$19.83
EBOS Group
7D
-1.9%
1Y
-49.1%
Narrative Update • May 19

EBO: Index Removal And Discount Rate Shift Will Support Capital Efficiency Reassessment

Analysts now cite a slightly lower fair value estimate for EBOS Group, trimming the indicative price target from around NZ$33.63 to NZ$33.31 as modest adjustments to the discount rate, profit margin and assumed future P/E feed through their models. What's in the News EBOS Group Limited (ASX:EBO) was removed from the S&P/ASX 200 Index.
SUM
NZ$7.81
Summerset Group Holdings
7D
10.2%
1Y
-30.3%
PHL
NZ$0.54
Promisia Healthcare
7D
4.9%
1Y
63.6%