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New Zealand (NZX) Healthcare Services Industry Analysis

UpdatedMar 23, 2026
DataAggregated Company Financials
Companies8
  • 7D-3.3%
  • 3M-22.5%
  • 1Y-28.6%
  • YTD-21.8%

Over the last 7 days, the Healthcare Services industry has dropped 3.3%, driven by a pullback from Summerset Group Holdings of 10%. In contrast, Radius Residential Care has gained 5.6%. However, the industry is down 29% over the past year. Earnings are forecast to grow by 38% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 24 Mar 2026NZ$9.8bNZ$17.4bNZ$34.4m13.2x283.8x0.6x
Thu, 19 Feb 2026NZ$10.6bNZ$16.1bNZ$123.6m15.3x86.1x0.7x
Sat, 17 Jan 2026NZ$12.2bNZ$15.9bNZ$120.3m14.2x101.5x0.8x
Mon, 15 Dec 2025NZ$12.5bNZ$15.7bNZ$116.7m17.6x107x0.8x
Wed, 12 Nov 2025NZ$12.6bNZ$15.8bNZ$225.3m16.9x55.7x0.8x
Fri, 10 Oct 2025NZ$12.5bNZ$15.6bNZ$221.5m16x56.6x0.8x
Sun, 07 Sep 2025NZ$12.1bNZ$15.2bNZ$215.3m15.8x56.4x0.8x
Tue, 05 Aug 2025NZ$14.1bNZ$15.4bNZ$218.6m15.9x64.5x0.9x
Thu, 03 Jul 2025NZ$13.7bNZ$15.2bNZ$215.1m13.7x63.8x0.9x
Sat, 31 May 2025NZ$12.9bNZ$15.1bNZ$213.8m13x60.4x0.9x
Mon, 28 Apr 2025NZ$12.9bNZ$15.0bNZ$496.1m11.8x26.1x0.9x
Wed, 26 Mar 2025NZ$12.2bNZ$15.4bNZ$502.8m12.7x24.3x0.8x
Fri, 21 Feb 2025NZ$14.5bNZ$15.5bNZ$560.2m12.1x26x0.9x
Sun, 19 Jan 2025NZ$14.0bNZ$16.1bNZ$588.0m10.9x23.8x0.9x
Tue, 17 Dec 2024NZ$13.8bNZ$16.1bNZ$586.3m9.9x23.6x0.9x
Thu, 14 Nov 2024NZ$15.5bNZ$16.2bNZ$864.0m12.9x18x1x
Sat, 12 Oct 2024NZ$15.5bNZ$16.3bNZ$864.5m13.1x18x1x
Mon, 09 Sep 2024NZ$14.6bNZ$16.0bNZ$857.8m16.1x17x0.9x
Wed, 07 Aug 2024NZ$14.4bNZ$15.6bNZ$873.7m13.3x16.5x0.9x
Fri, 05 Jul 2024NZ$11.9bNZ$15.6bNZ$875.1m12.2x13.6x0.8x
Sun, 02 Jun 2024NZ$12.3bNZ$15.4bNZ$1.1b10.2x11x0.8x
Tue, 30 Apr 2024NZ$13.6bNZ$15.5bNZ$1.1b11.6x12.6x0.9x
Thu, 28 Mar 2024NZ$13.5bNZ$15.4bNZ$1.1b12.1x12.6x0.9x
Sat, 24 Feb 2024NZ$13.9bNZ$15.0bNZ$898.6m11.7x15.5x0.9x
Mon, 22 Jan 2024NZ$14.6bNZ$14.8bNZ$899.6m15.6x16.2x1x
Wed, 20 Dec 2023NZ$14.3bNZ$14.8bNZ$899.7m15.1x15.9x1x
Fri, 17 Nov 2023NZ$15.0bNZ$14.7bNZ$883.8m23.1x17x1x
Sun, 15 Oct 2023NZ$14.5bNZ$14.6bNZ$880.3m24.5x16.5x1x
Tue, 12 Sep 2023NZ$14.9bNZ$14.8bNZ$883.9m20.7x16.8x1x
Thu, 10 Aug 2023NZ$15.3bNZ$14.0bNZ$856.9m22.4x17.8x1.1x
Sat, 08 Jul 2023NZ$15.8bNZ$14.0bNZ$856.5m23.6x18.5x1.1x
Mon, 05 Jun 2023NZ$15.9bNZ$14.1bNZ$859.6m23.9x18.5x1.1x
Wed, 03 May 2023NZ$15.4bNZ$13.9bNZ$1.4b14.5x11.3x1.1x
Fri, 31 Mar 2023NZ$16.1bNZ$13.9bNZ$1.4b15.3x11.8x1.2x
Price to Earnings Ratio

11.8x


Total Market Cap: NZ$16.1bTotal 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 37.8x202420252026
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 284x which is higher than its 3-year average PE of 37.5x.
  • The industry is trading close to its 3-year average PS ratio of 0.91x.
Past Earnings Growth
  • The earnings for companies in the Healthcare industry have declined 71% per year over the last three years.
  • Meanwhile revenues for these companies have grown 7.9% 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-1.42%
Healthcare-5.50%
Healthcare Services-3.32%
Healthcare Services0.61%
Healthcare Distributors-1.85%
Healthcare Facilities-4.60%
Industry PE
  • Investors are most optimistic about the Healthcare Services industry, which is trading close to 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 8.8% 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
RAD Radius Residential CareNZ$0.385.6%
+NZ$5.7m		70.5%PE9.4x
TAH Third Age Health ServicesNZ$4.950.4%
+NZ$199.1k		49.5%PE18.1x

Latest News

SUM
NZ$9.09
Summerset Group Holdings
7D
-10.4%
1Y
-19.3%
RYM
NZ$2.14
Ryman Healthcare
7D
-7.4%
1Y
-18.0%

RYM: Higher Margins And Steady Sales Guidance Will Support Bullish Outlook

Analysts have nudged their NZ$ fair value estimate for Ryman Healthcare from NZ$2.94 to NZ$2.95, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E multiples. What's in the News Ryman Healthcare reaffirmed its sales guidance for occupation right agreements for fiscal 2026 at 1,300 to 1,400 agreements, indicating no change to its previously communicated range (Key Developments).
EBO
NZ$21.90
EBOS Group
7D
-3.3%
1Y
-41.6%

EBO: Updated Profit Outlook Will Support Future Capital Efficiency Reassessment

Analysts have trimmed their NZ$ fair value estimate for EBOS Group from NZ$35.22 to NZ$33.56, reflecting updated assumptions for slightly lower revenue growth, a more modest profit margin profile, and a similar forward P/E multiple. What's in the News EBOS Group held an Analyst/Investor Day, which provided an opportunity for management to update the market on the business and the outlook assumptions that feed into valuation work (Key Developments).
OCA
NZ$0.73
Oceania Healthcare
7D
-2.7%
1Y
19.7%

OCA: Fair Value Will Rely On Slightly Higher Future Profitability

Analysts have maintained their NZ$0.84 price target for Oceania Healthcare, citing only small adjustments in their underlying assumptions for discount rate, revenue growth, profit margin and future P/E that did not materially affect their valuation view. Valuation Changes Fair Value: NZ$0.84 remains unchanged, indicating no shift in the overall valuation outcome.
RAD
NZ$0.38
Radius Residential Care
7D
5.6%
1Y
70.5%
MEE
NZ$0.054
Me Today
7D
-5.3%
1Y
-5.3%
TAH
NZ$4.95
Third Age Health Services
7D
0.4%
1Y
49.5%
PHL
NZ$0.47
Promisia Healthcare
7D
-3.1%
1Y
27.4%