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New Zealand (NZX) Healthcare Services Industry Analysis

UpdatedApr 21, 2026
DataAggregated Company Financials
Companies8
  • 7D-1.3%
  • 3M-23.7%
  • 1Y-30.8%
  • YTD-25.6%

Over the last 7 days, the Healthcare Services industry has dropped 1.3%, driven by Summerset Group Holdings declining 9.2%. However, the industry is down 31% over the past year. Earnings are forecast to grow by 36% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 21 Apr 2026NZ$9.3bNZ$17.6bNZ$37.3m13.3x250.2x0.5x
Thu, 19 Mar 2026NZ$10.0bNZ$17.5bNZ$36.3m13.5x275.6x0.6x
Sat, 14 Feb 2026NZ$11.3bNZ$16.0bNZ$122.5m15.4x92x0.7x
Mon, 12 Jan 2026NZ$12.5bNZ$16.0bNZ$121.1m14.9x103.3x0.8x
Wed, 10 Dec 2025NZ$12.3bNZ$15.7bNZ$117.0m16.5x105.5x0.8x
Fri, 07 Nov 2025NZ$12.4bNZ$15.7bNZ$223.4m17x55.5x0.8x
Sun, 05 Oct 2025NZ$12.1bNZ$15.5bNZ$219.5m15.4x55.3x0.8x
Tue, 02 Sep 2025NZ$12.6bNZ$15.2bNZ$214.7m15.1x58.6x0.8x
Thu, 31 Jul 2025NZ$14.2bNZ$15.3bNZ$217.6m16.3x65.2x0.9x
Sat, 28 Jun 2025NZ$13.3bNZ$15.2bNZ$214.7m14.1x62.1x0.9x
Mon, 26 May 2025NZ$13.7bNZ$15.2bNZ$565.4m13.5x24.2x0.9x
Wed, 23 Apr 2025NZ$12.9bNZ$15.0bNZ$494.6m11.9x26x0.9x
Fri, 21 Mar 2025NZ$12.4bNZ$15.3bNZ$501.9m12.8x24.7x0.8x
Sun, 16 Feb 2025NZ$14.9bNZ$16.1bNZ$587.8m12.1x25.3x0.9x
Tue, 14 Jan 2025NZ$13.9bNZ$16.1bNZ$581.1m13.4x23.8x0.9x
Thu, 12 Dec 2024NZ$13.7bNZ$16.0bNZ$585.4m9.7x23.4x0.9x
Sat, 09 Nov 2024NZ$15.2bNZ$16.3bNZ$865.6m14.1x17.5x0.9x
Mon, 07 Oct 2024NZ$14.9bNZ$16.3bNZ$863.9m13.6x17.3x0.9x
Wed, 04 Sep 2024NZ$15.0bNZ$16.1bNZ$860.1m15.6x17.4x0.9x
Fri, 02 Aug 2024NZ$14.6bNZ$15.6bNZ$874.8m13.6x16.7x0.9x
Sun, 30 Jun 2024NZ$12.1bNZ$15.6bNZ$873.8m12.2x13.8x0.8x
Tue, 28 May 2024NZ$13.1bNZ$15.4bNZ$819.1m13.3x15.9x0.8x
Thu, 25 Apr 2024NZ$13.7bNZ$15.5bNZ$1.1b11.6x12.7x0.9x
Sat, 23 Mar 2024NZ$13.9bNZ$15.4bNZ$1.1b12.4x13x0.9x
Mon, 19 Feb 2024NZ$14.9bNZ$14.6bNZ$896.2m13.7x16.6x1x
Wed, 17 Jan 2024NZ$14.9bNZ$14.7bNZ$898.1m16.3x16.6x1x
Fri, 15 Dec 2023NZ$13.8bNZ$14.8bNZ$899.0m14.5x15.4x0.9x
Sun, 12 Nov 2023NZ$14.8bNZ$14.7bNZ$883.2m23.1x16.8x1x
Tue, 10 Oct 2023NZ$14.5bNZ$14.5bNZ$878.9m24.3x16.5x1x
Thu, 07 Sep 2023NZ$15.4bNZ$14.7bNZ$883.4m21.5x17.4x1x
Sat, 05 Aug 2023NZ$15.8bNZ$14.0bNZ$856.9m23.3x18.4x1.1x
Mon, 03 Jul 2023NZ$15.3bNZ$14.1bNZ$858.4m22.7x17.9x1.1x
Wed, 31 May 2023NZ$15.8bNZ$14.0bNZ$877.4m16.3x18x1.1x
Fri, 28 Apr 2023NZ$15.4bNZ$13.9bNZ$1.4b14.3x11.3x1.1x
Price to Earnings Ratio

11.3x


Total Market Cap: NZ$15.4bTotal Earnings: NZ$1.4bTotal Revenue: NZ$13.9bTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Healthcare Services Industry Price to Earnings3Y Average 44.6x202420252026
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 250x which is higher than its 3-year average PE of 44.6x.
  • The industry is trading close to its 3-year average PS ratio of 0.90x.
Past Earnings Growth
  • The earnings for companies in the Healthcare industry have declined 70% 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 industry?

NZ Market-0.30%
Healthcare-0.52%
Healthcare Services-1.30%
Healthcare Distributors0.68%
Healthcare Services-0.62%
Healthcare Facilities-3.19%
Industry PE
  • Investors are most optimistic about the Healthcare Services industry even though it's trading below its 3-year average PE ratio of 20.0x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare Facilities industry, expecting annual earnings growth of 63% over the next 5 years.
  • This is better than its past earnings decline of 52% per year.
  • In contrast, the Healthcare Distributors industry is expected to see its earnings grow by 8.7% 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
EBO EBOS GroupNZ$22.250.9%
+NZ$41.4m		-38.9%PE16.5x
RYM Ryman HealthcareNZ$2.091.0%
+NZ$20.3m		-14.3%PS2.6x
RAD Radius Residential CareNZ$0.411.3%
+NZ$1.4m		50.0%PE10.1x

Latest News

RYM
NZ$2.09
Ryman Healthcare
7D
1.0%
1Y
-14.3%

RYM: Higher Discount Rate And Solid Margins Will Support Future Returns

Analysts have reduced their price target for Ryman Healthcare to NZ$3.16 from NZ$3.23. This change reflects updated assumptions for slightly higher discount rates, modestly different revenue growth expectations, and a small adjustment to projected profit margins and future P/E.
EBO
NZ$22.25
EBOS Group
7D
0.9%
1Y
-38.9%

EBO: Index Removal And P/E Outlook Will Support Future Capital Efficiency Reassessment

Analysts have nudged their fair value estimate for EBOS Group to NZ$33.94 from NZ$33.59, reflecting slightly updated assumptions for long term profit margins and future P/E multiples, while keeping revenue growth and discount rate broadly unchanged. What's in the News EBOS Group Limited was removed from the S&P/ASX 200 Index, which can affect how some index funds and benchmark aware investors are exposed to the stock (Key Developments).
OCA
NZ$0.72
Oceania Healthcare
7D
-2.7%
1Y
18.0%

OCA: Fair Value Will Depend On Firmer Margins And Revenue Outlook

Analysts have nudged their price target for Oceania Healthcare slightly lower to NZ$0.84, reflecting updated views on revenue growth assumptions, profit margins and the appropriate discount rate. Valuation Changes Fair Value: NZ$0.84 is unchanged, with the updated assumptions still pointing to the same indicative value.
SUM
NZ$7.99
Summerset Group Holdings
7D
-9.2%
1Y
-28.3%
RAD
NZ$0.41
Radius Residential Care
7D
1.3%
1Y
50.0%
TAH
NZ$4.81
Third Age Health Services
7D
-0.6%
1Y
61.4%
PHL
NZ$0.45
Promisia Healthcare
7D
-5.3%
1Y
15.6%