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Singaporean (SGX) Healthcare Sector Analysis

UpdatedAug 15, 2025
DataAggregated Company Financials
Companies29
  • 7D-2.7%
  • 3M10.8%
  • 1Y11.3%
  • YTD6.3%

Over the last 7 days, the Healthcare industry has dropped 2.3%, driven by a pullback from Thomson Medical Group of 16%. Over the past 12 months, the industry was up 12%. Looking forward, earnings are forecast to grow by 30% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 15 Aug 2025S$9.3bS$3.1bS$386.7m13.7x24.1x3x
Sun, 13 Jul 2025S$8.8bS$3.1bS$373.5m12.3x23.5x2.8x
Tue, 10 Jun 2025S$8.6bS$3.1bS$372.9m12x23x2.8x
Thu, 08 May 2025S$8.8bS$3.1bS$373.5m12.4x23.7x2.9x
Sat, 05 Apr 2025S$9.0bS$3.1bS$372.9m12.6x24.1x2.9x
Mon, 03 Mar 2025S$9.1bS$3.1bS$356.2m12.8x25.5x2.9x
Wed, 29 Jan 2025S$8.7bS$3.0bS$351.4m16.5x24.6x2.9x
Fri, 27 Dec 2024S$8.7bS$3.0bS$350.2m16.6x24.9x2.9x
Sun, 24 Nov 2024S$8.8bS$3.0bS$349.8m16.6x25x2.9x
Tue, 22 Oct 2024S$8.8bS$2.9bS$360.0m16.7x24.4x3x
Thu, 19 Sep 2024S$8.7bS$3.0bS$363.7m16.6x23.9x2.9x
Sat, 17 Aug 2024S$8.4bS$2.9bS$344.7m16.8x24.4x2.9x
Mon, 15 Jul 2024S$8.9bS$2.9bS$364.8m17.3x24.4x3.1x
Wed, 12 Jun 2024S$8.6bS$2.9bS$364.3m16.9x23.7x3x
Fri, 10 May 2024S$8.4bS$2.9bS$357.9m15.5x23.4x2.9x
Sun, 07 Apr 2024S$8.4bS$2.9bS$357.9m15.6x23.6x2.9x
Tue, 05 Mar 2024S$8.3bS$2.9bS$412.2m14.1x20.1x2.8x
Thu, 01 Feb 2024S$8.9bS$3.2bS$441.6m15x20.2x2.8x
Sat, 30 Dec 2023S$9.4bS$3.2bS$441.7m15.8x21.3x3x
Mon, 27 Nov 2023S$12.2bS$4.4bS$579.3m15.7x21x2.8x
Wed, 25 Oct 2023S$11.8bS$4.4bS$595.2m15.8x19.8x2.7x
Fri, 22 Sep 2023S$12.4bS$4.4bS$598.4m15.9x20.7x2.8x
Sun, 20 Aug 2023S$12.7bS$4.4bS$649.2m16.1x19.6x2.9x
Tue, 18 Jul 2023S$13.7bS$4.5bS$649.3m16x21.1x3.1x
Thu, 15 Jun 2023S$13.7bS$4.5bS$650.9m14.4x21.1x3.1x
Sat, 13 May 2023S$14.0bS$4.5bS$653.6m15.2x21.5x3.1x
Mon, 10 Apr 2023S$13.9bS$4.6bS$634.7m14.9x22x3x
Wed, 08 Mar 2023S$13.5bS$4.4bS$631.3m16x21.4x3.1x
Fri, 03 Feb 2023S$13.6bS$4.5bS$680.5m15.9x20x3.1x
Sun, 01 Jan 2023S$13.1bS$4.4bS$678.7m15.6x19.2x3x
Tue, 29 Nov 2022S$13.0bS$4.4bS$674.7m15.7x19.3x3x
Thu, 27 Oct 2022S$12.0bS$4.5bS$727.6m13.8x16.5x2.7x
Sat, 24 Sep 2022S$12.6bS$4.5bS$736.4m15.2x17.1x2.8x
Mon, 22 Aug 2022S$13.0bS$4.5bS$755.9m16x17.3x2.9x
Price to Earnings Ratio

17.3x


Total Market Cap: S$13.0bTotal Earnings: S$755.9mTotal Revenue: S$4.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Healthcare Sector Price to Earnings3Y Average 22x202320242025
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 24.4x which is higher than its 3-year average PE of 22.0x.
  • The industry is trading close to its 3-year average PS ratio of 2.9x.
Past Earnings Growth
  • The earnings for companies in the Healthcare industry have declined 20% per year over the last three years,
  • Revenues have also declined 12% 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 Market-0.14%
Healthcare-2.75%
Pharma0.028%
Healthcare Services-3.90%
Medical Equipment-5.30%
Industry PE
  • Investors are most optimistic about the Healthcare Services industry which is trading above its 3-year average PE ratio of 36.8x.
    • Analysts are expecting annual earnings growth of 37.0%, which is higher than its past year's earnings growth of 25.2% per year.
  • Investors are most pessimistic about the Pharma industry, which is trading below its 3-year average of 15.1x.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare Services industry, expecting annual earnings growth of 37% over the next 5 years.
  • This is better than its past earnings growth rate of 25% per year.
  • In contrast, the Pharma industry is expected to see its earnings grow by 5.8% 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
BSL Raffles Medical GroupS$1.051.9%
+S$36.7m		16.0%PE30.4x
QC7 Q & M Dental Group (Singapore)S$0.433.6%
+S$14.2m		56.4%PE27.8x
H02 Haw ParS$14.160.4%
+S$11.1m		38.0%PE12.5x
40T ISEC HealthcareS$0.372.8%
+S$5.8m		-1.3%PE16.3x
5RE Asia Vets HoldingsS$0.04988.5%
+S$3.4m		44.1%PS3.1x

Latest News

AP4
S$0.68
Riverstone Holdings
7D
-6.2%
1Y
-24.0%
H02
S$14.16
Haw Par
7D
0.4%
1Y
38.0%
40T
S$0.37
ISEC Healthcare
7D
2.8%
1Y
-1.3%
1J5
S$0.31
Hyphens Pharma International
7D
-8.8%
1Y
10.7%
505
S$0.014
AsiaMedic
7D
-17.6%
1Y
27.3%
UUK
S$0.086
Pasture Holdings
7D
-31.2%
1Y
n/a
A50
S$0.046
Thomson Medical Group
7D
-16.4%
1Y
-8.0%
5DX
S$0.006
Meta Health
7D
20.0%
1Y
-25.0%
5RE
S$0.049
Asia Vets Holdings
7D
88.5%
1Y
44.1%
1H3
S$0.004
Clearbridge Health
7D
33.3%
1Y
-55.6%
BSL
S$1.05
Raffles Medical Group
7D
1.9%
1Y
16.0%
QC7
S$0.43
Q & M Dental Group (Singapore)
7D
3.6%
1Y
56.4%
V8Y
S$0.001
Quantum Healthcare
7D
-50.0%
1Y
-50.0%
546
S$0.13
Medtecs International
7D
0.8%
1Y
-1.6%
5G3
S$0.45
TalkMed Group
7D
-1.1%
1Y
18.4%
9G2
S$0.029
Singapore Institute of Advanced Medicine Holdings
7D
-6.5%
1Y
-65.9%