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New Zealand (NZX) Healthcare Services Industry Analysis

UpdatedMar 27, 2026
DataAggregated Company Financials
Companies8
  • 7D-0.6%
  • 3M-23.2%
  • 1Y-30.2%
  • YTD-22.6%

Over the last 7 days, the Healthcare Services industry has dropped 2.4%, driven by a pullback from Ryman Healthcare of 2.7%. The industry has fallen 29% in the last year. Looking forward, earnings are forecast to grow by 37% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 27 Mar 2026NZ$9.7bNZ$17.3bNZ$32.6m13.2x296.4x0.6x
Sun, 22 Feb 2026NZ$10.8bNZ$16.2bNZ$125.1m15.4x86.7x0.7x
Tue, 20 Jan 2026NZ$12.1bNZ$15.9bNZ$119.5m14.2x101.2x0.8x
Thu, 18 Dec 2025NZ$12.5bNZ$15.7bNZ$116.6m17x106.8x0.8x
Sat, 15 Nov 2025NZ$12.6bNZ$15.7bNZ$218.3m19.7x57.6x0.8x
Mon, 13 Oct 2025NZ$12.5bNZ$15.5bNZ$219.6m15.8x56.9x0.8x
Wed, 10 Sep 2025NZ$12.0bNZ$15.2bNZ$214.9m15.6x56.1x0.8x
Fri, 08 Aug 2025NZ$14.3bNZ$15.4bNZ$218.9m16.2x65.2x0.9x
Sun, 06 Jul 2025NZ$13.8bNZ$15.2bNZ$215.4m14.3x64.2x0.9x
Tue, 03 Jun 2025NZ$12.9bNZ$15.1bNZ$214.2m12.2x60.3x0.9x
Thu, 01 May 2025NZ$12.8bNZ$15.1bNZ$498.0m11.6x25.7x0.8x
Sat, 29 Mar 2025NZ$13.5bNZ$15.4bNZ$503.1m12.7x26.8x0.9x
Mon, 24 Feb 2025NZ$14.2bNZ$15.5bNZ$559.1m12.1x25.4x0.9x
Wed, 22 Jan 2025NZ$14.0bNZ$16.1bNZ$586.6m11.2x23.8x0.9x
Fri, 20 Dec 2024NZ$13.7bNZ$16.1bNZ$581.2m11.7x23.6x0.9x
Sun, 17 Nov 2024NZ$15.4bNZ$16.2bNZ$864.1m12.5x17.8x0.9x
Tue, 15 Oct 2024NZ$15.5bNZ$16.3bNZ$864.4m13.1x18x1x
Thu, 12 Sep 2024NZ$14.8bNZ$16.0bNZ$859.1m16.1x17.2x0.9x
Sat, 10 Aug 2024NZ$14.6bNZ$15.5bNZ$873.4m15.6x16.7x0.9x
Mon, 08 Jul 2024NZ$11.9bNZ$15.6bNZ$874.7m12.4x13.6x0.8x
Wed, 05 Jun 2024NZ$12.6bNZ$15.3bNZ$1.1b10.4x11.3x0.8x
Fri, 03 May 2024NZ$13.4bNZ$15.6bNZ$1.1b11x12.4x0.9x
Sun, 31 Mar 2024NZ$13.8bNZ$15.4bNZ$1.1b12.4x12.8x0.9x
Tue, 27 Feb 2024NZ$13.8bNZ$15.0bNZ$1.1b11.4x13x0.9x
Thu, 25 Jan 2024NZ$14.9bNZ$14.8bNZ$898.9m15.7x16.6x1x
Sat, 23 Dec 2023NZ$14.4bNZ$14.8bNZ$900.0m15.4x16x1x
Mon, 20 Nov 2023NZ$15.0bNZ$14.8bNZ$885.1m23.1x16.9x1x
Wed, 18 Oct 2023NZ$14.5bNZ$14.6bNZ$880.3m24.5x16.5x1x
Fri, 15 Sep 2023NZ$15.1bNZ$14.8bNZ$884.1m21x17.1x1x
Sun, 13 Aug 2023NZ$15.3bNZ$14.1bNZ$858.5m22.4x17.8x1.1x
Tue, 11 Jul 2023NZ$15.8bNZ$13.9bNZ$855.8m23.5x18.5x1.1x
Thu, 08 Jun 2023NZ$14.7bNZ$14.3bNZ$862.4m21.4x17x1x
Sat, 06 May 2023NZ$15.3bNZ$13.8bNZ$1.4b14x11.3x1.1x
Mon, 03 Apr 2023NZ$15.9bNZ$13.8bNZ$1.4b14.9x11.7x1.1x
Price to Earnings Ratio

11.7x


Total Market Cap: NZ$15.9bTotal 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 38.6x202420252026
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 300x which is higher than its 3-year average PE of 38.6x.
  • 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 7.8% 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-0.28%
Healthcare-0.094%
Healthcare Services-0.61%
Healthcare Distributors1.61%
Healthcare Facilities-2.46%
Healthcare Services-3.56%
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 62% 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
EBO EBOS GroupNZ$22.603.4%
+NZ$151.7m		-40.4%PE16.9x

Latest News

EBO
NZ$22.60
EBOS Group
7D
3.4%
1Y
-40.4%

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

Analysts have made a small upward adjustment to EBOS Group's fair value estimate, with the price target moving from around NZ$33.56 to NZ$33.59 as they fine tune assumptions on long term profitability and the future P/E multiple. What's in the News EBOS Group Limited was dropped from the S&P/ASX 200 Index, which may affect index fund ownership and trading volumes for the stock (Key Developments).
OCA
NZ$0.71
Oceania Healthcare
7D
-4.1%
1Y
20.3%

OCA: Fair Value Will Depend On Slightly Firmer Future Profitability

Analysts have kept their NZ$0.84 fair value estimate for Oceania Healthcare steady. They cited only small tweaks to assumptions around revenue growth, profit margins, discount rate and future P/E that do not materially shift their overall price view.
SUM
NZ$9.32
Summerset Group Holdings
7D
-0.6%
1Y
-18.6%
RYM
NZ$2.13
Ryman Healthcare
7D
-5.3%
1Y
-22.8%

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).
RAD
NZ$0.36
Radius Residential Care
7D
-2.7%
1Y
62.2%
MEE
NZ$0.05
Me Today
7D
-7.4%
1Y
-3.8%
TAH
NZ$4.87
Third Age Health Services
7D
-3.6%
1Y
48.5%
PHL
NZ$0.47
Promisia Healthcare
7D
-2.1%
1Y
38.2%