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Singaporean (SGX) Healthcare Services Industry Analysis

UpdatedJul 29, 2026
DataAggregated Company Financials
Companies20
  • 7D-1.8%
  • 3M-5.5%
  • 1Y1.0%
  • YTD-6.8%

The Healthcare Services industry has been flat over the last week, but Raffles Medical Group has lost 4.2%. In line with that, the industry has also been flat over the past 12 months. Earnings are forecast to grow by 49% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 29 Jul 2026S$5.5bS$2.2b-S$4,303,249.1924.7x-1270.5x2.5x
Fri, 26 Jun 2026S$4.6bS$2.0b-S$15,242,992.2119x-301.7x2.3x
Sun, 24 May 2026S$4.7bS$2.0b-S$14,931,344.1615.1x-312.8x2.4x
Tue, 21 Apr 2026S$4.9bS$2.0b-S$13,701,378.2220.6x-355.6x2.5x
Thu, 19 Mar 2026S$4.8bS$2.0b-S$13,712,131.0519.8x-350.7x2.4x
Sat, 14 Feb 2026S$4.7bS$2.0bS$1.2m17x4073.9x2.4x
Mon, 12 Jan 2026S$4.9bS$2.0b-S$1,351,659.1615.4x-3625x2.5x
Wed, 10 Dec 2025S$4.6bS$2.0b-S$1,349,228.3715.1x-3384.9x2.3x
Fri, 07 Nov 2025S$4.6bS$2.0b-S$1,213,928.0515.1x-3789x2.4x
Sun, 05 Oct 2025S$4.6bS$2.0bS$5.5m16x827.6x2.3x
Tue, 02 Sep 2025S$5.2bS$2.0bS$50.4m15.4x102.4x2.5x
Thu, 31 Jul 2025S$5.0bS$2.0bS$94.9m16.2x52.2x2.5x
Sat, 28 Jun 2025S$4.7bS$2.0bS$95.7m13.5x48.6x2.3x
Mon, 26 May 2025S$4.6bS$2.0bS$91.3m13.7x50.8x2.3x
Wed, 23 Apr 2025S$4.5bS$2.0bS$92.6m11.9x48.1x2.2x
Fri, 21 Mar 2025S$4.6bS$2.0bS$92.1m12.8x50x2.3x
Sun, 16 Feb 2025S$4.3bS$2.0bS$49.8m17.1x87.1x2.2x
Tue, 14 Jan 2025S$4.4bS$1.9bS$65.1m16.6x67.1x2.3x
Thu, 12 Dec 2024S$4.4bS$1.9bS$65.2m16.9x68x2.3x
Sat, 09 Nov 2024S$4.5bS$1.9bS$62.2m18.1x73x2.4x
Mon, 07 Oct 2024S$4.6bS$1.9bS$80.2m16.7x57.4x2.4x
Wed, 04 Sep 2024S$4.5bS$1.9bS$80.6m16.9x55.6x2.3x
Fri, 02 Aug 2024S$4.6bS$1.9bS$92.4m18.5x50.1x2.4x
Sun, 30 Jun 2024S$4.7bS$1.9bS$125.4m17x37.3x2.4x
Tue, 28 May 2024S$4.8bS$1.9bS$127.6m16.1x37.6x2.5x
Thu, 25 Apr 2024S$4.8bS$1.9bS$127.7m15.7x37.4x2.5x
Sat, 23 Mar 2024S$4.8bS$1.9bS$181.7m14.5x26.4x2.5x
Mon, 19 Feb 2024S$5.0bS$1.9bS$215.1m14.7x23.3x2.6x
Wed, 17 Jan 2024S$5.5bS$2.3bS$271.4m15x20.3x2.4x
Fri, 15 Dec 2023S$5.6bS$2.3bS$270.0m15.6x20.7x2.5x
Sun, 12 Nov 2023S$5.5bS$2.2bS$272.3m16.2x20.2x2.5x
Tue, 10 Oct 2023S$5.9bS$2.2bS$269.3m17.9x22x2.7x
Thu, 07 Sep 2023S$6.1bS$2.2bS$269.2m18.1x22.7x2.7x
Sat, 05 Aug 2023S$6.4bS$2.2bS$305.7m18.4x20.9x2.9x
Price to Earnings Ratio

20.9x


Total Market Cap: S$6.4bTotal Earnings: S$305.7mTotal Revenue: S$2.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Healthcare Services Industry Price to Earnings3Y Average -547.2x202420252026
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 PS ratio of 2.4x.
Past Earnings Growth
  • Total earnings for the Healthcare industry have declined over the last three years, with the industry now making a loss overall.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, 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 Singaporean Healthcare industry?

SG Market1.07%
Healthcare-1.30%
Healthcare Services-1.83%
Healthcare Distributors11.63%
Managed Healthcare0%0
Healthcare Services-1.06%
Healthcare Facilities-2.36%
Industry PE
  • Investors are most optimistic about the Healthcare Facilities industry which is trading above its 3-year average PE ratio of 87.4x.
    • Analysts are expecting annual earnings growth of 54.0%, which is higher than its past year's earnings growth of 8.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare Facilities industry, expecting annual earnings growth of 54% over the next 5 years.
  • This is better than its past earnings growth rate of 8.2% per year.
  • In contrast, the Healthcare Services industry is expected to see its earnings grow by 33% 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
5WA OUE HealthcareS$0.03715.6%
+S$22.2m		48.0%PS1.1x
P8A Cordlife GroupS$0.147.7%
+S$2.6m		-30.0%PS0.9x
BKZ Suntar Eco-CityS$0.1330.0%
+S$1.9m		1.6%PE68.2x
OTX MedinexS$0.234.5%
+S$1.3m		2.2%PE13.9x
RCU Assurance HealthcareS$0.0511.1%
+S$1.3m		n/aPS17.8x

Latest News

BSL
S$0.89
Raffles Medical Group
7D
-5.8%
1Y
-12.7%
OTX
S$0.23
Medinex
7D
4.5%
1Y
2.2%
MIJ
S$0.16
Alliance Healthcare Group
7D
-1.3%
1Y
19.7%
QC7
S$0.55
Q & M Dental Group (Singapore)
7D
-0.9%
1Y
37.5%
PRH
S$0.027
Livingstone Health Holdings
7D
3.8%
1Y
17.4%
9G2
S$0.027
Singapore Institute of Advanced Medicine Holdings
7D
-3.6%
1Y
-20.6%
FHH
S$0.74
Foundation Healthcare Holdings
7D
-3.3%
1Y
n/a
V3M
S$0.038
Metech International
7D
-20.8%
1Y
-24.0%
1D4
S$0.24
Aoxin Q & M Dental Group
7D
-2.0%
1Y
400.0%
5WA
S$0.037
OUE Healthcare
7D
15.6%
1Y
48.0%
BKZ
S$0.13
Suntar Eco-City
7D
30.0%
1Y
1.6%
505
S$0.022
AsiaMedic
7D
4.8%
1Y
46.7%
P8A
S$0.14
Cordlife Group
7D
7.7%
1Y
-30.0%
RCU
S$0.05
Assurance Healthcare
7D
11.1%
1Y
n/a
1B1
S$0.37
HC Surgical Specialists
7D
-6.3%
1Y
5.7%