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New Zealand (NZX) Healthcare Services Industry Analysis

UpdatedApr 27, 2026
DataAggregated Company Financials
Companies8
  • 7D1.9%
  • 3M-22.2%
  • 1Y-27.7%
  • YTD-24.1%

The Healthcare Services industry is up 1.9% in the last week, with Ryman Healthcare up 13%. However, the industry is down 28% over the past year. Earnings are forecast to grow by 40% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 27 Apr 2026NZ$9.5bNZ$17.5bNZ$37.0m13x257.5x0.5x
Wed, 25 Mar 2026NZ$9.5bNZ$17.3bNZ$32.2m12.9x295.1x0.6x
Fri, 20 Feb 2026NZ$10.8bNZ$16.1bNZ$124.1m15.5x87.4x0.7x
Sun, 18 Jan 2026NZ$12.2bNZ$15.9bNZ$120.0m14.2x101.5x0.8x
Tue, 16 Dec 2025NZ$12.5bNZ$15.7bNZ$117.1m17.6x107.1x0.8x
Thu, 13 Nov 2025NZ$12.6bNZ$15.8bNZ$224.9m17.3x55.9x0.8x
Sat, 11 Oct 2025NZ$12.5bNZ$15.6bNZ$221.1m15.8x56.6x0.8x
Mon, 08 Sep 2025NZ$12.1bNZ$15.2bNZ$215.3m15.8x56.4x0.8x
Wed, 06 Aug 2025NZ$14.3bNZ$15.4bNZ$218.8m16x65.5x0.9x
Fri, 04 Jul 2025NZ$13.8bNZ$15.2bNZ$215.5m14x63.9x0.9x
Sun, 01 Jun 2025NZ$12.9bNZ$15.2bNZ$214.7m12.2x60.1x0.9x
Tue, 29 Apr 2025NZ$13.0bNZ$15.1bNZ$496.8m11.7x26.2x0.9x
Thu, 27 Mar 2025NZ$13.1bNZ$15.4bNZ$502.7m12.7x26x0.9x
Sat, 22 Feb 2025NZ$14.3bNZ$15.5bNZ$559.5m12.1x25.6x0.9x
Mon, 20 Jan 2025NZ$14.0bNZ$16.1bNZ$588.0m10.9x23.8x0.9x
Wed, 18 Dec 2024NZ$13.8bNZ$16.0bNZ$580.1m12x23.7x0.9x
Fri, 15 Nov 2024NZ$15.5bNZ$16.3bNZ$864.3m12.9x17.9x1x
Sun, 13 Oct 2024NZ$15.5bNZ$16.3bNZ$864.4m13.1x18x1x
Tue, 10 Sep 2024NZ$14.6bNZ$16.0bNZ$859.0m16.1x17x0.9x
Thu, 08 Aug 2024NZ$14.6bNZ$15.5bNZ$872.8m15.6x16.7x0.9x
Sat, 06 Jul 2024NZ$11.9bNZ$15.6bNZ$875.1m12.4x13.6x0.8x
Mon, 03 Jun 2024NZ$12.3bNZ$15.4bNZ$1.1b10.2x11x0.8x
Wed, 01 May 2024NZ$13.5bNZ$15.5bNZ$1.1b11.1x12.5x0.9x
Fri, 29 Mar 2024NZ$13.8bNZ$15.4bNZ$1.1b12.4x12.8x0.9x
Sun, 25 Feb 2024NZ$13.8bNZ$15.0bNZ$898.7m11.7x15.4x0.9x
Tue, 23 Jan 2024NZ$14.6bNZ$14.8bNZ$899.2m15.6x16.3x1x
Thu, 21 Dec 2023NZ$14.3bNZ$14.8bNZ$899.6m15.1x15.9x1x
Sat, 18 Nov 2023NZ$15.0bNZ$14.7bNZ$884.1m23.1x16.9x1x
Mon, 16 Oct 2023NZ$14.5bNZ$14.6bNZ$880.3m24.5x16.5x1x
Wed, 13 Sep 2023NZ$14.9bNZ$14.8bNZ$884.4m20.8x16.9x1x
Fri, 11 Aug 2023NZ$15.1bNZ$14.0bNZ$857.3m22.2x17.7x1.1x
Sun, 09 Jul 2023NZ$15.8bNZ$14.0bNZ$856.5m23.6x18.5x1.1x
Tue, 06 Jun 2023NZ$15.9bNZ$14.1bNZ$859.5m24x18.5x1.1x
Thu, 04 May 2023NZ$15.2bNZ$13.8bNZ$1.4b14x11.2x1.1x
Price to Earnings Ratio

11.2x


Total Market Cap: NZ$15.2bTotal Earnings: NZ$1.4bTotal Revenue: NZ$13.8bTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Healthcare Services Industry Price to Earnings3Y Average 45.9x202420252026
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 258x which is higher than its 3-year average PE of 45.9x.
  • The industry is trading close to its 3-year average PS ratio of 0.89x.
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 8.3% 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-0.023%
Healthcare-3.19%
Healthcare Services1.93%
Healthcare Facilities6.86%
Healthcare Services4.21%
Healthcare Distributors-3.16%
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 67% 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
RYM Ryman HealthcareNZ$2.2813.4%
+NZ$274.0m		-3.0%PS2.9x
SUM Summerset Group HoldingsNZ$8.422.1%
+NZ$41.4m		-23.5%PE7.9x
OCA Oceania HealthcareNZ$0.731.4%
+NZ$7.2m		19.7%PE10.1x
TAH Third Age Health ServicesNZ$4.954.2%
+NZ$2.0m		66.1%PE18.1x
PHL Promisia HealthcareNZ$0.451.1%
+NZ$263.6k		18.4%PE20.2x

Latest News

EBO
NZ$21.45
EBOS Group
7D
-3.2%
1Y
-41.2%

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

Analysts have trimmed their EBOS Group price target slightly from about NZ$33.94 to around NZ$33.63, reflecting updated assumptions for revenue growth, profit margins, and a modestly higher future P/E multiple. What's in the News EBOS Group Limited was removed from the S&P/ASX 200 Index, which may influence how some index and rules based funds treat the shares (Key Developments).
OCA
NZ$0.73
Oceania Healthcare
7D
1.4%
1Y
19.7%

OCA: Firmer Margins And Revenue Outlook Will Support Higher Future Earnings

Analysts have maintained Oceania Healthcare's fair value estimate at NZ$0.84, with only minor adjustments to the discount rate, revenue growth, profit margin, and future P/E assumptions. These changes have not affected the overall price target level.
RYM
NZ$2.28
Ryman Healthcare
7D
13.4%
1Y
-3.0%

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.
SUM
NZ$8.42
Summerset Group Holdings
7D
2.1%
1Y
-23.5%
RAD
NZ$0.40
Radius Residential Care
7D
-8.0%
1Y
42.9%
MEE
NZ$0.047
Me Today
7D
-6.0%
1Y
-17.5%
TAH
NZ$4.95
Third Age Health Services
7D
4.2%
1Y
66.1%
PHL
NZ$0.45
Promisia Healthcare
7D
1.1%
1Y
18.4%