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New Zealand (NZX) Healthcare Services Industry Analysis

UpdatedMay 23, 2026
DataAggregated Company Financials
Companies8
  • 7D0.6%
  • 3M-17.6%
  • 1Y-35.2%
  • YTD-28.4%

Last week, the Healthcare Services industry hasn't moved much but Summerset Group Holdings is up 7.1% in that time. As for the longer term, the industry has declined 35% in the last 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
Sat, 23 May 2026NZ$9.0bNZ$17.6bNZ$35.3m13.5x254.6x0.5x
Mon, 20 Apr 2026NZ$9.3bNZ$17.6bNZ$37.4m13.6x249.6x0.5x
Wed, 18 Mar 2026NZ$10.0bNZ$17.5bNZ$36.1m13.4x277.5x0.6x
Fri, 13 Feb 2026NZ$11.4bNZ$16.1bNZ$123.5m15.5x92.4x0.7x
Sun, 11 Jan 2026NZ$12.5bNZ$16.0bNZ$121.1m14.9x103.3x0.8x
Tue, 09 Dec 2025NZ$12.4bNZ$15.7bNZ$117.1m16.5x105.7x0.8x
Thu, 06 Nov 2025NZ$12.5bNZ$15.7bNZ$223.1m17.3x55.8x0.8x
Sat, 04 Oct 2025NZ$12.1bNZ$15.5bNZ$219.6m15.4x55.2x0.8x
Mon, 01 Sep 2025NZ$12.3bNZ$15.2bNZ$214.6m14.9x57.4x0.8x
Wed, 30 Jul 2025NZ$14.2bNZ$15.3bNZ$218.0m16.3x65.3x0.9x
Fri, 27 Jun 2025NZ$13.3bNZ$15.2bNZ$214.6m14.1x61.8x0.9x
Sun, 25 May 2025NZ$13.7bNZ$15.2bNZ$565.4m13.5x24.2x0.9x
Tue, 22 Apr 2025NZ$13.0bNZ$15.0bNZ$495.4m11.9x26.3x0.9x
Thu, 20 Mar 2025NZ$12.4bNZ$15.3bNZ$501.4m12.9x24.8x0.8x
Sat, 15 Feb 2025NZ$14.9bNZ$16.2bNZ$588.7m12.1x25.3x0.9x
Mon, 13 Jan 2025NZ$13.9bNZ$16.1bNZ$581.4m12.6x23.8x0.9x
Wed, 11 Dec 2024NZ$13.7bNZ$16.0bNZ$584.5m9.8x23.5x0.9x
Fri, 08 Nov 2024NZ$15.4bNZ$16.3bNZ$865.2m15.7x17.8x0.9x
Sun, 06 Oct 2024NZ$14.9bNZ$16.3bNZ$863.9m13.6x17.3x0.9x
Tue, 03 Sep 2024NZ$15.0bNZ$16.1bNZ$860.0m15.6x17.4x0.9x
Thu, 01 Aug 2024NZ$14.5bNZ$15.6bNZ$874.8m13.6x16.6x0.9x
Sat, 29 Jun 2024NZ$12.1bNZ$15.5bNZ$873.2m12.2x13.8x0.8x
Mon, 27 May 2024NZ$13.1bNZ$15.3bNZ$1.1b13.3x12.3x0.9x
Wed, 24 Apr 2024NZ$13.5bNZ$15.4bNZ$1.1b11.6x12.6x0.9x
Fri, 22 Mar 2024NZ$13.9bNZ$15.4bNZ$1.1b12.5x13x0.9x
Sun, 18 Feb 2024NZ$14.9bNZ$14.6bNZ$896.2m13.7x16.6x1x
Tue, 16 Jan 2024NZ$14.9bNZ$14.7bNZ$898.6m16x16.6x1x
Thu, 14 Dec 2023NZ$13.8bNZ$14.7bNZ$897.3m14.5x15.4x0.9x
Sat, 11 Nov 2023NZ$14.8bNZ$14.7bNZ$882.7m23.1x16.7x1x
Mon, 09 Oct 2023NZ$14.7bNZ$14.5bNZ$879.3m24.9x16.7x1x
Wed, 06 Sep 2023NZ$15.7bNZ$14.7bNZ$883.1m21.6x17.7x1.1x
Fri, 04 Aug 2023NZ$15.6bNZ$13.9bNZ$856.1m23.2x18.2x1.1x
Sun, 02 Jul 2023NZ$15.3bNZ$14.1bNZ$858.4m22.7x17.9x1.1x
Tue, 30 May 2023NZ$15.9bNZ$14.0bNZ$1.4b11.8x11.7x1.1x
Price to Earnings Ratio

11.7x


Total Market Cap: NZ$15.9bTotal Earnings: NZ$1.4bTotal Revenue: NZ$14.0bTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Healthcare Services Industry Price to Earnings3Y Average 51.5x202420252026
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 255x which is higher than its 3-year average PE of 51.5x.
  • The industry is trading close to its 3-year average PS ratio of 0.88x.
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 8.0% 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 industry?

NZ Market0.00022%
Healthcare2.87%
Healthcare Services0.62%
Healthcare Facilities4.32%
Healthcare Services0%0
Healthcare Distributors-3.25%
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 67% over the next 5 years.
  • This is better than its past earnings decline of 22% per year.
  • In contrast, the Healthcare Distributors industry is expected to see its earnings grow by 8.5% 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
SUM Summerset Group HoldingsNZ$7.707.1%
+NZ$124.2m		-31.2%PE7.2x
RYM Ryman HealthcareNZ$2.182.3%
+NZ$50.7m		-12.8%PS2.7x
OCA Oceania HealthcareNZ$0.714.4%
+NZ$21.7m		7.6%PE9.8x
PHL Promisia HealthcareNZ$0.543.9%
+NZ$1.1m		59.7%PE24x

Latest News

EBO
NZ$20.25
EBOS Group
7D
-3.2%
1Y
-47.6%
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.
RYM
NZ$2.18
Ryman Healthcare
7D
2.3%
1Y
-12.8%
Narrative Update • May 16

RYM: Higher Discount Rate And P/E Assumptions Will Support Bullish Long Term Outlook

Analysts have reduced their NZ$ fair value estimate for Ryman Healthcare from NZ$2.95 to NZ$2.68, citing updated assumptions for discount rates, future P/E, revenue growth and profit margins. Valuation Changes Fair Value: NZ$ fair value estimate revised from NZ$2.95 to NZ$2.68, indicating a lower central valuation point for the stock.
RAD
NZ$0.40
Radius Residential Care
7D
-1.2%
1Y
42.9%
OCA
NZ$0.71
Oceania Healthcare
7D
4.4%
1Y
7.6%
Narrative Update • May 12

OCA: Higher Future P/E Assumptions Will Support A Stronger Share Outlook

Analysts have raised their NZ$ fair value estimate for Oceania Healthcare from NZ$0.88 to NZ$0.97, reflecting updated assumptions for the discount rate, revenue growth, profit margins and a higher future P/E multiple. Valuation Changes Fair Value: The NZ$ fair value estimate has risen from NZ$0.88 to NZ$0.97.
SUM
NZ$7.70
Summerset Group Holdings
7D
7.1%
1Y
-31.2%
PHL
NZ$0.54
Promisia Healthcare
7D
3.9%
1Y
59.7%