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New Zealand (NZX) Healthcare Services Industry Analysis

UpdatedAug 08, 2026
DataAggregated Company Financials
Companies8
  • 7D-0.9%
  • 3M1.1%
  • 1Y-34.1%
  • YTD-24.9%

The Healthcare Services is pretty flat in the last 7 days, but Oceania Healthcare has stood out, gaining 6.6%. As for the longer term, the industry has declined 34% in the last year. 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
Sat, 08 Aug 2026NZ$9.4bNZ$17.4bNZ$383.5m14.4x24.6x0.5x
Mon, 06 Jul 2026NZ$9.5bNZ$17.6bNZ$387.2m13.4x24.4x0.5x
Wed, 03 Jun 2026NZ$9.1bNZ$17.5bNZ$385.2m13.4x23.6x0.5x
Fri, 01 May 2026NZ$9.3bNZ$17.6bNZ$38.0m13x243.7x0.5x
Sun, 29 Mar 2026NZ$9.8bNZ$17.3bNZ$32.5m13.4x301.9x0.6x
Tue, 24 Feb 2026NZ$10.7bNZ$16.2bNZ$125.0m15.3x85.9x0.7x
Thu, 22 Jan 2026NZ$12.2bNZ$15.8bNZ$118.4m14.7x102.8x0.8x
Sat, 20 Dec 2025NZ$12.3bNZ$15.7bNZ$116.8m17.1x105.3x0.8x
Mon, 17 Nov 2025NZ$12.5bNZ$15.7bNZ$218.6m19.7x57.3x0.8x
Wed, 15 Oct 2025NZ$12.4bNZ$15.5bNZ$219.8m16.2x56.4x0.8x
Fri, 12 Sep 2025NZ$11.7bNZ$15.3bNZ$215.7m15.5x54.4x0.8x
Sun, 10 Aug 2025NZ$14.1bNZ$15.4bNZ$218.9m15.9x64.5x0.9x
Tue, 08 Jul 2025NZ$14.0bNZ$15.2bNZ$215.7m14.1x64.7x0.9x
Thu, 05 Jun 2025NZ$12.8bNZ$15.1bNZ$214.3m12.4x59.6x0.8x
Sat, 03 May 2025NZ$13.2bNZ$15.2bNZ$498.6m11.9x26.4x0.9x
Mon, 31 Mar 2025NZ$13.5bNZ$15.4bNZ$503.1m12.7x26.8x0.9x
Wed, 26 Feb 2025NZ$13.7bNZ$15.5bNZ$559.1m11.6x24.6x0.9x
Fri, 24 Jan 2025NZ$14.0bNZ$16.1bNZ$587.3m11x23.8x0.9x
Sun, 22 Dec 2024NZ$13.8bNZ$16.1bNZ$581.1m11.8x23.8x0.9x
Tue, 19 Nov 2024NZ$15.3bNZ$16.2bNZ$864.1m12.5x17.7x0.9x
Thu, 17 Oct 2024NZ$15.1bNZ$16.2bNZ$863.2m13.1x17.5x0.9x
Sat, 14 Sep 2024NZ$15.0bNZ$16.0bNZ$859.0m16.1x17.4x0.9x
Mon, 12 Aug 2024NZ$14.6bNZ$15.6bNZ$874.1m15.6x16.7x0.9x
Wed, 10 Jul 2024NZ$12.1bNZ$15.7bNZ$875.6m12.2x13.9x0.8x
Fri, 07 Jun 2024NZ$12.5bNZ$15.3bNZ$868.6m12x14.3x0.8x
Sun, 05 May 2024NZ$13.4bNZ$15.5bNZ$1.1b10.8x12.5x0.9x
Tue, 02 Apr 2024NZ$13.8bNZ$15.4bNZ$1.1b12.4x12.8x0.9x
Thu, 29 Feb 2024NZ$13.8bNZ$15.1bNZ$1.1b11.6x12.9x0.9x
Sat, 27 Jan 2024NZ$15.0bNZ$14.8bNZ$899.6m15.9x16.7x1x
Mon, 25 Dec 2023NZ$14.4bNZ$14.8bNZ$899.9m15.4x16x1x
Wed, 22 Nov 2023NZ$14.9bNZ$14.7bNZ$883.9m23.1x16.9x1x
Fri, 20 Oct 2023NZ$14.4bNZ$14.7bNZ$883.9m24x16.3x1x
Sun, 17 Sep 2023NZ$15.0bNZ$14.8bNZ$884.9m21x17x1x
Tue, 15 Aug 2023NZ$15.3bNZ$14.1bNZ$858.5m22.5x17.8x1.1x
Price to Earnings Ratio

17.8x


Total Market Cap: NZ$15.3bTotal Earnings: NZ$858.5mTotal Revenue: NZ$14.1bTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Healthcare Services Industry Price to Earnings3Y Average 50.1x202420252026
Current Industry PE
  • Investors are pessimistic on the New Zealander Healthcare industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 24.6x which is lower than its 3-year average PE of 50.1x.
  • The industry is trading close to its 3-year average PS ratio of 0.84x.
Past Earnings Growth
  • The earnings for companies in the Healthcare industry have declined 24% per year over the last three years.
  • Meanwhile revenues for these companies have grown 7.3% 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 Market0.70%
Healthcare1.40%
Healthcare Services-0.92%
Healthcare Services6.94%
Healthcare Facilities-0.57%
Healthcare Distributors-1.36%
Industry PE
  • Investors are most optimistic about the Healthcare Facilities industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 64.3%, which is higher than its past year's earnings growth of 6.3% per year.
  • Investors are most pessimistic about the Healthcare Distributors industry, which is trading below its 3-year average of 24.5x.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare Facilities industry, expecting annual earnings growth of 64% over the next 5 years.
  • This is better than its past earnings growth rate of 6.3% per year.
  • In contrast, the Healthcare Distributors industry is expected to see its earnings grow by 8.3% 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
OCA Oceania HealthcareNZ$0.816.6%
+NZ$36.2m		22.0%PE4899.2x
SUM Summerset Group HoldingsNZ$8.421.1%
+NZ$21.9m		-24.0%PE7.9x
PHL Promisia HealthcareNZ$0.7813.9%
+NZ$5.0m		92.6%PE3.2x
TAH Third Age Health ServicesNZ$4.786.9%
+NZ$3.1m		8.9%PE16.8x

Latest News

PHL
NZ$0.78
Promisia Healthcare
7D
13.9%
1Y
92.6%
EBO
NZ$21.74
EBOS Group
7D
-1.4%
1Y
-46.9%
TAH
NZ$4.78
Third Age Health Services
7D
6.9%
1Y
8.9%
SUM
NZ$8.42
Summerset Group Holdings
7D
1.1%
1Y
-24.0%
RYM
NZ$2.05
Ryman Healthcare
7D
-4.2%
1Y
-15.6%
OCA
NZ$0.81
Oceania Healthcare
7D
6.6%
1Y
22.0%
Narrative Update • Jun 26

OCA: Revised Assumptions Will Temper Expectations While Supporting Steady Future Earnings

Analysts have revised their fair value estimate for Oceania Healthcare from about NZ$0.84 to around NZ$0.72. This reflects updates to the discount rate, revenue growth, profit margin and future P/E assumptions used in their valuation work.