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Singaporean (SGX) Healthcare Sector Analysis

UpdatedJan 17, 2026
DataAggregated Company Financials
Companies28
  • 7D0.5%
  • 3M9.5%
  • 1Y28.1%
  • YTD1.5%

In the last week, Healthcare has been flat. The past year has been better, since the industry has gained 28% in that time. As for the next few years, earnings are expected to grow by 50% per annum.

Sector Valuation and Performance

Has the Singaporean Healthcare Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 17 Jan 2026S$10.3bS$3.1bS$296.3m15x34.7x3.3x
Mon, 15 Dec 2025S$9.7bS$3.1bS$295.2m15.1x32.8x3.1x
Wed, 12 Nov 2025S$9.5bS$3.1bS$294.9m15.1x32.2x3.1x
Fri, 10 Oct 2025S$9.4bS$3.1bS$306.6m16.2x30.8x3.1x
Sun, 07 Sep 2025S$9.9bS$3.2bS$350.9m15.5x28.1x3.1x
Tue, 05 Aug 2025S$9.4bS$3.1bS$372.2m13.7x25.3x3.1x
Thu, 03 Jul 2025S$9.0bS$3.1bS$373.7m12.7x24.1x2.9x
Sat, 31 May 2025S$8.6bS$3.1bS$371.7m12.9x23.1x2.8x
Mon, 28 Apr 2025S$9.0bS$3.1bS$371.8m12.3x24.1x2.9x
Wed, 26 Mar 2025S$9.2bS$3.1bS$372.8m12.6x24.7x3x
Fri, 21 Feb 2025S$8.7bS$3.0bS$348.4m16.3x24.9x2.9x
Sun, 19 Jan 2025S$8.7bS$3.0bS$349.9m16.5x24.9x2.9x
Tue, 17 Dec 2024S$8.8bS$3.0bS$350.2m16.4x25x2.9x
Thu, 14 Nov 2024S$8.6bS$3.0bS$344.2m16.3x25.1x2.9x
Sat, 12 Oct 2024S$8.6bS$2.9bS$360.0m16.2x23.8x2.9x
Mon, 09 Sep 2024S$8.4bS$3.0bS$362.4m16.5x23.3x2.8x
Wed, 07 Aug 2024S$8.3bS$2.9bS$334.3m17.5x24.7x2.8x
Fri, 05 Jul 2024S$8.7bS$2.9bS$364.5m17x23.9x3x
Sun, 02 Jun 2024S$8.6bS$2.9bS$368.2m16.4x23.4x3x
Tue, 30 Apr 2024S$8.5bS$2.9bS$357.6m16.1x23.6x2.9x
Thu, 28 Mar 2024S$8.5bS$2.9bS$411.8m14.2x20.7x2.9x
Sat, 24 Feb 2024S$8.5bS$2.9bS$359.6m13.8x23.7x3x
Mon, 22 Jan 2024S$9.0bS$3.2bS$441.7m14.8x20.3x2.8x
Wed, 20 Dec 2023S$9.4bS$3.2bS$440.6m15.4x21.3x2.9x
Fri, 17 Nov 2023S$11.8bS$4.3bS$578.8m15.8x20.3x2.7x
Sun, 15 Oct 2023S$12.3bS$4.4bS$595.8m15.9x20.6x2.8x
Tue, 12 Sep 2023S$12.6bS$4.4bS$598.6m16.1x21.1x2.9x
Thu, 10 Aug 2023S$13.2bS$4.4bS$627.7m16x21.1x3x
Sat, 08 Jul 2023S$13.4bS$4.5bS$646.6m15.5x20.7x3x
Mon, 05 Jun 2023S$14.2bS$4.5bS$653.1m14.4x21.7x3.2x
Wed, 03 May 2023S$14.0bS$4.6bS$665.4m14.7x21x3x
Fri, 31 Mar 2023S$13.7bS$4.4bS$630.3m14.6x21.7x3.1x
Sun, 26 Feb 2023S$13.6bS$4.4bS$665.2m16.1x20.4x3.1x
Tue, 24 Jan 2023S$13.2bS$4.4bS$679.3m15.6x19.4x3x
Price to Earnings Ratio

19.4x


Total Market Cap: S$13.2bTotal Earnings: S$679.3mTotal Revenue: S$4.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Healthcare Sector Price to Earnings3Y Average 23.8x202420252026
Current Industry PE
  • Investors are optimistic on the Singaporean Healthcare industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 34.7x which is higher than its 3-year average PE of 23.8x.
  • The 3-year average PS ratio of 3.0x is lower than the industry's current PS ratio of 3.3x.
Past Earnings Growth
  • The earnings for companies in the Healthcare industry have declined 24% per year over the last three years,
  • Revenues have also declined 11% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the Singaporean Healthcare sector?

SG Market1.97%
Healthcare0.55%
Medical Equipment3.56%
Pharma1.07%
Healthcare Services-0.83%
Industry PE
  • Investors are most optimistic about the Medical Equipment industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 7.4%, which is higher than its past year's earnings decline of 21.3% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare Services industry, expecting annual earnings growth of 65% over the next 5 years.
  • This is better than its past earnings growth rate of 16% per year.
  • In contrast, the Medical Equipment industry is expected to see its earnings grow by 7.4% 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
ULG UltraGreen.aiUS$1.642.5%
+US$44.1m		n/aPE33.6x
H02 Haw ParS$16.491.2%
+S$44.3m		46.4%PE14.6x
AP4 Riverstone HoldingsS$0.902.9%
+S$37.1m		-11.8%PE18.8x
8YY Embracing Future HoldingsS$0.08115.7%
+S$19.1m		211.5%PS56.3x
42C iX BiopharmaS$0.2010.2%
+S$17.2m		712.5%PS24.1x

Latest News

P8A
S$0.16
Cordlife Group
7D
23.1%
1Y
-2.4%

Little Excitement Around Cordlife Group Limited's (SGX:P8A) Revenues

Jan 14
Little Excitement Around Cordlife Group Limited's (SGX:P8A) Revenues
BFK
S$0.29
Pharmesis International
7D
-12.1%
1Y
-46.8%

Lacklustre Performance Is Driving Pharmesis International Ltd.'s (SGX:BFK) 43% Price Drop

Jan 13
Lacklustre Performance Is Driving Pharmesis International Ltd.'s (SGX:BFK) 43% Price Drop
A50
S$0.062
Thomson Medical Group
7D
-1.6%
1Y
29.2%
RCU
S$0.054
Assurance Healthcare
7D
20.0%
1Y
n/a
ULG
US$1.64
UltraGreen.ai
7D
2.5%
1Y
n/a
1D4
S$0.18
Aoxin Q & M Dental Group
7D
1.7%
1Y
283.0%
8YY
S$0.081
Embracing Future Holdings
7D
15.7%
1Y
211.5%
1J5
S$0.34
Hyphens Pharma International
7D
-2.8%
1Y
21.1%
H02
S$16.49
Haw Par
7D
1.2%
1Y
46.4%

Haw Par (SGX:H02) Ticks All The Boxes When It Comes To Earnings Growth

Dec 08
Haw Par (SGX:H02) Ticks All The Boxes When It Comes To Earnings Growth
42C
S$0.20
iX Biopharma
7D
10.2%
1Y
712.5%
40T
S$0.32
ISEC Healthcare
7D
-5.9%
1Y
n/a
584
S$0.009
AJJ Medtech Holdings
7D
-10.0%
1Y
125.0%
AP4
S$0.90
Riverstone Holdings
7D
2.9%
1Y
-11.8%
5DX
S$0.004
Meta Health
7D
-20.0%
1Y
-33.3%
9G2
S$0.057
Singapore Institute of Advanced Medicine Holdings
7D
-14.9%
1Y
72.7%
QC7
S$0.53
Q & M Dental Group (Singapore)
7D
-0.9%
1Y
90.9%

Earnings Tell The Story For Q & M Dental Group (Singapore) Limited (SGX:QC7) As Its Stock Soars 25%

Aug 31
Earnings Tell The Story For Q & M Dental Group (Singapore) Limited (SGX:QC7) As Its Stock Soars 25%