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Singaporean (SGX) Healthcare Services Industry Analysis

UpdatedAug 17, 2025
DataAggregated Company Financials
Companies20
  • 7D-2.7%
  • 3M9.1%
  • 1Y9.2%
  • YTD11.5%

Over the last 7 days, the Healthcare Services industry has dropped 2.7%, driven by a pullback from Thomson Medical Group of 11%. Over the past 12 months, the industry was up 9.2%. Looking forward, earnings are forecast to grow by 39% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 17 Aug 2025S$4.8bS$2.0bS$95.0m14.7x50.9x2.5x
Tue, 15 Jul 2025S$4.8bS$2.0bS$96.9m13.6x49.3x2.4x
Thu, 12 Jun 2025S$4.7bS$2.0bS$95.8m12.8x48.6x2.3x
Sat, 10 May 2025S$4.6bS$2.0bS$91.4m12.7x50.5x2.3x
Mon, 07 Apr 2025S$4.5bS$2.0bS$92.1m12.8x48.7x2.3x
Wed, 05 Mar 2025S$4.5bS$2.0bS$71.9m13.5x62.8x2.3x
Fri, 31 Jan 2025S$4.3bS$1.9bS$65.1m16.6x66.3x2.2x
Sun, 29 Dec 2024S$4.4bS$1.9bS$65.1m16.6x67.3x2.3x
Tue, 26 Nov 2024S$4.4bS$1.9bS$65.1m16.9x68.1x2.3x
Thu, 24 Oct 2024S$4.6bS$1.9bS$80.2m18.7x57.9x2.4x
Sat, 21 Sep 2024S$4.6bS$1.9bS$80.2m16.6x56.8x2.3x
Mon, 19 Aug 2024S$4.5bS$1.9bS$78.0m17.8x57.2x2.4x
Wed, 17 Jul 2024S$4.8bS$1.9bS$121.6m18.7x39.9x2.5x
Fri, 14 Jun 2024S$4.7bS$1.9bS$125.4m17.1x37.7x2.5x
Sun, 12 May 2024S$4.8bS$1.9bS$127.8m15.8x37.6x2.5x
Tue, 09 Apr 2024S$4.8bS$1.9bS$128.0m16.3x37.7x2.5x
Thu, 07 Mar 2024S$4.8bS$1.9bS$183.2m14x25.9x2.4x
Sat, 03 Feb 2024S$5.4bS$2.3bS$271.3m15x19.9x2.4x
Mon, 01 Jan 2024S$5.8bS$2.3bS$270.0m15.8x21.5x2.6x
Wed, 29 Nov 2023S$5.6bS$2.3bS$270.0m16x20.9x2.5x
Fri, 27 Oct 2023S$5.7bS$2.2bS$272.3m16.8x21x2.6x
Sun, 24 Sep 2023S$6.0bS$2.2bS$269.3m17.7x22.4x2.7x
Tue, 22 Aug 2023S$6.2bS$2.2bS$301.0m17.1x20.5x2.8x
Thu, 20 Jul 2023S$6.4bS$2.2bS$306.6m17.2x21x2.9x
Sat, 17 Jun 2023S$6.4bS$2.2bS$308.6m17.9x20.7x2.9x
Mon, 15 May 2023S$6.4bS$2.2bS$304.8m17.6x21x2.9x
Wed, 12 Apr 2023S$6.7bS$2.2bS$295.3m17.8x22.7x3x
Fri, 10 Mar 2023S$6.7bS$2.2bS$295.2m17.3x22.8x3x
Sun, 05 Feb 2023S$6.9bS$2.1bS$258.5m19.2x26.6x3.3x
Tue, 03 Jan 2023S$6.8bS$2.1bS$261.1m18.2x26.2x3.2x
Thu, 01 Dec 2022S$6.8bS$2.1bS$261.1m18.8x26.1x3.2x
Sat, 29 Oct 2022S$6.6bS$2.1bS$269.4m14.7x24.4x3.1x
Mon, 26 Sep 2022S$6.9bS$2.1bS$267.0m15.9x25.9x3.3x
Wed, 24 Aug 2022S$6.9bS$2.0bS$230.9m17x30x3.4x
Price to Earnings Ratio

30x


Total Market Cap: S$6.9bTotal Earnings: S$230.9mTotal Revenue: S$2.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Healthcare Services Industry Price to Earnings3Y Average 36.8x202320242025
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 50.9x which is higher than its 3-year average PE of 36.8x.
  • The industry is trading close to its 3-year average PS ratio of 2.6x.
Past Earnings Growth
  • The earnings for companies in the Healthcare industry have declined 26% per year over the last three years.
  • 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 Market-0.0033%
Healthcare-1.44%
Healthcare Services-2.71%
Healthcare Services1.31%
Managed Healthcare0%0
Healthcare Facilities-3.98%
Healthcare Distributors-24.87%
Industry PE
  • Investors are most optimistic about the Healthcare Facilities industry which is trading above its 3-year average PE ratio of 29.0x.
    • Analysts are expecting annual earnings growth of 40.5%, which is higher than its past year's earnings decline of 2.5% per year.
  • Investors are most pessimistic about the Healthcare Distributors industry, which is trading below its 3-year average of 54.2x.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare Facilities industry, expecting annual earnings growth of 41% over the next 5 years.
  • This is better than its past earnings decline of 2.5% per year.
  • In contrast, the Healthcare Services industry is expected to see its earnings grow by 25% 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
QC7 Q & M Dental Group (Singapore)S$0.433.6%
+S$14.2m		59.3%PE46x
1H3 Clearbridge HealthS$0.004100.0%
+S$6.6m		-50.0%PS1.3x
40T ISEC HealthcareS$0.372.8%
+S$5.9m		-1.3%PE16.3x
5WA OUE HealthcareS$0.0264.0%
+S$4.4m		-3.7%PS0.8x
5RE Asia Vets HoldingsS$0.04988.5%
+S$3.4m		44.1%PS3.1x

Latest News

1D4
S$0.05
Aoxin Q & M Dental Group
7D
-3.8%
1Y
-19.4%
QC7
S$0.43
Q & M Dental Group (Singapore)
7D
3.6%
1Y
59.3%
1H3
S$0.004
Clearbridge Health
7D
100.0%
1Y
-50.0%
40T
S$0.37
ISEC Healthcare
7D
2.8%
1Y
-1.3%
505
S$0.014
AsiaMedic
7D
-17.6%
1Y
16.7%
UUK
S$0.077
Pasture Holdings
7D
-38.4%
1Y
n/a
A50
S$0.047
Thomson Medical Group
7D
-11.3%
1Y
-4.1%
5RE
S$0.049
Asia Vets Holdings
7D
88.5%
1Y
44.1%
1B1
S$0.33
HC Surgical Specialists
7D
-2.9%
1Y
32.0%
OTX
S$0.23
Medinex
7D
2.2%
1Y
15.0%
P8A
S$0.20
Cordlife Group
7D
2.6%
1Y
39.9%
FRQ
S$0.16
Singapore Paincare Holdings
7D
0.6%
1Y
33.9%
5WA
S$0.026
OUE Healthcare
7D
4.0%
1Y
-3.7%