Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

New Zealand (NZX) Healthcare Sector Analysis

UpdatedAug 05, 2026
DataAggregated Company Financials
Companies14
  • 7D2.0%
  • 3M13.3%
  • 1Y-4.5%
  • YTD-0.8%

Over the last 7 days, the Healthcare industry has risen 2.0%, driven by gains from Fisher & Paykel Healthcare of 3.8%. In the same time, Ryman Healthcare was down 7.9%. In the past year, the industry is down 4.5%. 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
Wed, 05 Aug 2026NZ$35.0bNZ$20.0bNZ$825.1m16.7x42.5x1.8x
Fri, 03 Jul 2026NZ$33.0bNZ$20.2bNZ$829.3m16.2x39.8x1.6x
Sun, 31 May 2026NZ$31.7bNZ$20.0bNZ$826.1m16.9x38.4x1.6x
Tue, 28 Apr 2026NZ$31.2bNZ$20.0bNZ$452.0m18.1x69.1x1.6x
Thu, 26 Mar 2026NZ$32.2bNZ$19.7bNZ$447.5m18.1x71.9x1.6x
Sat, 21 Feb 2026NZ$33.8bNZ$18.6bNZ$539.6m19.7x62.7x1.8x
Mon, 19 Jan 2026NZ$35.8bNZ$18.3bNZ$535.0m21.2x66.9x2x
Wed, 17 Dec 2025NZ$35.4bNZ$18.2bNZ$532.2m22x66.5x1.9x
Fri, 14 Nov 2025NZ$35.7bNZ$18.1bNZ$575.1m22.9x62.1x2x
Sun, 12 Oct 2025NZ$34.3bNZ$17.8bNZ$574.0m19.5x59.8x1.9x
Tue, 09 Sep 2025NZ$35.0bNZ$17.5bNZ$569.3m17.9x61.5x2x
Thu, 07 Aug 2025NZ$36.4bNZ$17.6bNZ$572.1m18.9x63.6x2.1x
Sat, 05 Jul 2025NZ$35.7bNZ$17.5bNZ$568.5m16.7x62.8x2x
Mon, 02 Jun 2025NZ$34.7bNZ$17.4bNZ$567.9m15x61.1x2x
Wed, 30 Apr 2025NZ$33.6bNZ$17.2bNZ$653.1m15.6x51.4x2x
Fri, 28 Mar 2025NZ$34.0bNZ$17.5bNZ$658.9m17.5x51.7x1.9x
Sun, 23 Feb 2025NZ$35.2bNZ$17.6bNZ$706.4m16.7x49.8x2x
Tue, 21 Jan 2025NZ$37.2bNZ$18.2bNZ$734.5m14.7x50.6x2x
Thu, 19 Dec 2024NZ$36.7bNZ$18.1bNZ$727.0m14.1x50.5x2x
Sat, 16 Nov 2024NZ$37.5bNZ$18.2bNZ$967.9m17x38.8x2.1x
Mon, 14 Oct 2024NZ$37.8bNZ$18.3bNZ$968.0m19.9x39.1x2.1x
Wed, 11 Sep 2024NZ$37.1bNZ$18.0bNZ$961.8m20.2x38.6x2.1x
Fri, 09 Aug 2024NZ$34.3bNZ$17.5bNZ$973.2m19.5x35.2x2x
Sun, 07 Jul 2024NZ$29.8bNZ$17.6bNZ$974.4m16.4x30.5x1.7x
Tue, 04 Jun 2024NZ$30.0bNZ$17.3bNZ$1.2b12.9x24.9x1.7x
Thu, 02 May 2024NZ$30.3bNZ$17.4bNZ$1.3b23.9x23.5x1.7x
Sat, 30 Mar 2024NZ$29.2bNZ$17.3bNZ$1.3b23.6x22.7x1.7x
Mon, 26 Feb 2024NZ$28.7bNZ$16.9bNZ$1.1b18.2x25.4x1.7x
Wed, 24 Jan 2024NZ$29.2bNZ$16.7bNZ$1.1b22.8x25.8x1.7x
Fri, 22 Dec 2023NZ$28.8bNZ$16.6bNZ$1.1b23.4x25.5x1.7x
Sun, 19 Nov 2023NZ$28.3bNZ$16.6bNZ$1.1b26.9x25.5x1.7x
Tue, 17 Oct 2023NZ$27.3bNZ$16.3bNZ$1.1b31x24.7x1.7x
Thu, 14 Sep 2023NZ$28.5bNZ$16.5bNZ$1.1b29.6x25.7x1.7x
Sat, 12 Aug 2023NZ$29.6bNZ$15.9bNZ$1.1b29x27.5x1.9x
Price to Earnings Ratio

27.5x


Total Market Cap: NZ$29.6bTotal Earnings: NZ$1.1bTotal Revenue: NZ$15.9bTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Healthcare Sector Price to Earnings3Y Average 45.1x202420252026
Current Industry PE
  • Investors are relatively neutral on the New Zealander Healthcare industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 45.1x.
  • The industry is trading close to its 3-year average PS ratio of 1.8x.
Past Earnings Growth
  • The earnings for companies in the Healthcare industry have declined 8.5% per year over the last three years.
  • Meanwhile revenues for these companies have grown 8.0% 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 Market0.24%
Healthcare1.95%
Biotech8.00%
Pharma6.55%
Medical Equipment3.74%
Healthcare Services-2.95%
Industry PE
  • Investors are most optimistic about the Medical Equipment industry even though it's trading below its 3-year average PE ratio of 81.3x.
    • 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
FPH Fisher & Paykel HealthcareNZ$42.993.0%
+NZ$728.3m		16.0%PE53.9x
OCA Oceania HealthcareNZ$0.808.1%
+NZ$43.5m		19.4%PE4868.8x
PEB Pacific EdgeNZ$0.273.8%
+NZ$12.4m		170.0%PS25.8x
RAD Radius Residential CareNZ$0.415.1%
+NZ$5.7m		7.8%PE12.4x
TAH Third Age Health ServicesNZ$4.908.9%
+NZ$4.0m		10.1%PE17.3x

Latest News

TAH
NZ$4.90
Third Age Health Services
7D
8.9%
1Y
10.1%
AFT
NZ$4.78
AFT Pharmaceuticals
7D
-0.8%
1Y
79.7%
FPH
NZ$42.99
Fisher & Paykel Healthcare
7D
3.0%
1Y
16.0%
Narrative Update • Jul 22

FPH: Removal From Conviction List Will Pressure Overvalued Shares

Analysts have revised their fair value estimate for Fisher & Paykel Healthcare to NZ$30.59 from NZ$29.31, citing updated assumptions around discount rates, revenue growth, profit margins and a lower future P/E multiple, and also reflecting the recent removal of the stock from a regional conviction list. What's in the News Fisher & Paykel Healthcare declared a dividend of NZ$0.38823529 per share for the six months ended March 31, 2026, according to company disclosures.
SUM
NZ$8.30
Summerset Group Holdings
7D
-3.3%
1Y
-27.7%
RYM
NZ$2.05
Ryman Healthcare
7D
-10.5%
1Y
-16.7%
MEE
NZ$0.05
Me Today
7D
8.7%
1Y
-32.4%
EBO
NZ$22.15
EBOS Group
7D
-2.0%
1Y
-46.1%
Narrative Update • Jul 08

EBO: Distribution Contracts And Animal Care Expansion Will Support Future Upside Potential

Analysts have adjusted their price target on EBOS Group to reflect a revised fair value of NZ$36.57, down from NZ$41.16. They cite updated assumptions for discount rates, revenue growth, profit margins, and future P/E multiples.
BLT
NZ$0.018
BLIS Technologies
7D
5.9%
1Y
5.9%
PEB
NZ$0.27
Pacific Edge
7D
3.8%
1Y
170.0%
OCA
NZ$0.80
Oceania Healthcare
7D
8.1%
1Y
19.4%
Narrative Update • Jun 26

OCA: Revised Assumptions Will Temper Expectations While Supporting Steady Future Earnings

Analysts have revised their fair value estimate for Oceania Healthcare from about NZ$0.84 to around NZ$0.72. This reflects updates to the discount rate, revenue growth, profit margin and future P/E assumptions used in their valuation work.
RAD
NZ$0.41
Radius Residential Care
7D
5.1%
1Y
7.8%
PHL
NZ$0.71
Promisia Healthcare
7D
7.6%
1Y
73.2%
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...