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Singaporean (SGX) Healthcare Sector Analysis

UpdatedJun 13, 2025
DataAggregated Company Financials
Companies31
  • 7D0.9%
  • 3M-3.9%
  • 1Y0.2%
  • YTD-1.4%

The Healthcare is pretty flat in the last 7 days, but Riverstone Holdings has stood out, gaining 3.6%. In line with that, the industry has also been flat over the past 12 months. Earnings are forecast to grow by 29% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 13 Jun 2025S$8.7bS$3.1bS$372.9m12.1x23.4x2.8x
Sun, 11 May 2025S$8.6bS$3.1bS$367.9m12.6x23.4x2.8x
Tue, 08 Apr 2025S$8.5bS$3.1bS$372.5m12.6x22.8x2.7x
Thu, 06 Mar 2025S$9.1bS$3.1bS$347.5m12.6x26.1x2.9x
Sat, 01 Feb 2025S$8.7bS$3.0bS$350.3m16.8x24.9x2.9x
Mon, 30 Dec 2024S$8.7bS$3.0bS$350.2m16.6x25x2.9x
Wed, 27 Nov 2024S$8.8bS$3.0bS$349.9m16.5x25.1x3x
Fri, 25 Oct 2024S$8.6bS$2.9bS$359.9m16.1x24x2.9x
Sun, 22 Sep 2024S$8.6bS$3.0bS$364.3m16.1x23.7x2.9x
Tue, 20 Aug 2024S$8.4bS$2.9bS$345.3m16.9x24.3x2.9x
Thu, 18 Jul 2024S$8.9bS$2.9bS$361.0m18.5x24.6x3.1x
Sat, 15 Jun 2024S$8.6bS$2.9bS$364.4m17.3x23.6x3x
Mon, 13 May 2024S$8.6bS$2.9bS$365.1m15.8x23.5x3x
Wed, 10 Apr 2024S$8.5bS$2.9bS$357.8m16.3x23.7x2.9x
Fri, 08 Mar 2024S$8.2bS$2.9bS$408.9m14x20.1x2.8x
Sun, 04 Feb 2024S$8.9bS$3.2bS$438.5m15x20.3x2.8x
Tue, 02 Jan 2024S$9.4bS$3.2bS$441.6m15.8x21.3x3x
Thu, 30 Nov 2023S$12.3bS$4.4bS$580.1m15.8x21.2x2.8x
Sat, 28 Oct 2023S$11.9bS$4.4bS$597.9m15.7x19.9x2.7x
Mon, 25 Sep 2023S$12.4bS$4.4bS$598.5m16x20.8x2.8x
Wed, 23 Aug 2023S$12.5bS$4.4bS$648.9m16.1x19.3x2.8x
Fri, 21 Jul 2023S$13.4bS$4.5bS$649.3m16x20.6x3x
Sun, 18 Jun 2023S$13.9bS$4.5bS$651.8m14.4x21.3x3.1x
Tue, 16 May 2023S$13.9bS$4.5bS$653.2m14.2x21.3x3.1x
Thu, 13 Apr 2023S$13.9bS$4.6bS$634.3m15.7x21.9x3x
Sat, 11 Mar 2023S$13.3bS$4.4bS$630.5m16.1x21.1x3x
Mon, 06 Feb 2023S$13.5bS$4.4bS$680.4m15.9x19.8x3x
Wed, 04 Jan 2023S$13.0bS$4.4bS$678.6m15.6x19.2x2.9x
Fri, 02 Dec 2022S$13.2bS$4.4bS$676.4m16x19.5x3x
Sun, 30 Oct 2022S$12.2bS$4.5bS$736.1m14.1x16.6x2.7x
Tue, 27 Sep 2022S$12.4bS$4.5bS$734.5m15x16.9x2.8x
Thu, 25 Aug 2022S$13.1bS$4.5bS$752.3m16x17.4x2.9x
Sat, 23 Jul 2022S$12.9bS$4.7bS$974.2m15x13.2x2.8x
Mon, 20 Jun 2022S$12.8bS$4.7bS$979.5m14.4x13x2.7x
Price to Earnings Ratio

13x


Total Market Cap: S$12.8bTotal Earnings: S$979.5mTotal Revenue: S$4.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Healthcare Sector Price to Earnings3Y Average 21.4x202320242025
Current Industry PE
  • Investors are relatively neutral on the Singaporean Healthcare industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 21.4x.
  • 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 28% per year over the last three years,
  • Revenues have also declined 13% 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 Market0.53%
Healthcare0.91%
Medical Equipment2.94%
Healthcare Services0.99%
Pharma-0.12%
Industry PE
  • Investors are most optimistic about the Healthcare Services industry which is trading above its 3-year average PE ratio of 35.1x.
    • Analysts are expecting annual earnings growth of 36.9%, which is higher than its past year's earnings growth of 23.3% per year.
  • Investors are most pessimistic about the Pharma industry, which is trading below its 3-year average of 15.6x.
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 23% per year.
  • In contrast, the Medical Equipment industry is expected to see its earnings grow by 4.5% 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
H02 Haw ParS$11.800.8%
+S$19.9m		21.3%PE11.4x
QC7 Q & M Dental Group (Singapore)S$0.392.7%
+S$9.2m		60.4%PE24.9x
AP4 Riverstone HoldingsS$0.690.7%
+S$7.4m		-27.1%PE12.4x
5G3 TalkMed GroupS$0.451.1%
+S$6.7m		12.5%PE13.7x
PRH Livingstone Health HoldingsS$0.0239.5%
+S$1.2m		15.0%PE25.4x
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0.8%

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546

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