Analysis Article • Apr 20
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Singaporean (SGX) Healthcare Services Industry Analysis
UpdatedMay 22, 2026
DataAggregated Company Financials
Companies18
- 7D-1.5%
- 3M-2.2%
- 1Y20.8%
- YTD-3.3%
Over the last 7 days, the Healthcare Services industry has dropped 1.5%, driven by a pullback from Thomson Medical Group of 3.4%. In contrast, Q & M Dental Group (Singapore) has gained 5.2%. In the past year, the industry has gained 21%. Looking forward, earnings are forecast to grow by 50% annually.
Industry Valuation and Performance
Has the Singaporean Healthcare Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 22 May 2026 | S$4.7b | S$2.0b | -S$14,932,754.73 | 15.1x | -314.8x | 2.4x |
| Sun, 19 Apr 2026 | S$4.9b | S$2.0b | -S$13,703,215.81 | 20.5x | -357.3x | 2.5x |
| Tue, 17 Mar 2026 | S$4.8b | S$2.0b | -S$13,715,298.87 | 19.7x | -352.6x | 2.4x |
| Thu, 12 Feb 2026 | S$4.9b | S$1.9b | -S$2,719,832.82 | 17.1x | -1790.7x | 2.5x |
| Sat, 10 Jan 2026 | S$4.9b | S$2.0b | -S$1,354,251.46 | 15.4x | -3618.1x | 2.5x |
| Mon, 08 Dec 2025 | S$4.6b | S$2.0b | -S$1,351,179.26 | 15.1x | -3373.8x | 2.3x |
| Wed, 05 Nov 2025 | S$4.6b | S$2.0b | -S$1,213,475.56 | 15.4x | -3751.5x | 2.3x |
| Fri, 03 Oct 2025 | S$4.6b | S$2.0b | S$5.5m | 16x | 827.4x | 2.3x |
| Sun, 31 Aug 2025 | S$5.2b | S$2.0b | S$98.4m | 15.6x | 53.1x | 2.7x |
| Tue, 29 Jul 2025 | S$5.1b | S$1.9b | S$90.3m | 16.2x | 56.2x | 2.6x |
| Thu, 26 Jun 2025 | S$4.6b | S$2.0b | S$95.8m | 13.5x | 48.4x | 2.3x |
| Sat, 24 May 2025 | S$4.6b | S$2.0b | S$91.3m | 13.7x | 50.7x | 2.3x |
| Mon, 21 Apr 2025 | S$4.4b | S$2.0b | S$92.6m | 11.7x | 47.9x | 2.2x |
| Wed, 19 Mar 2025 | S$4.5b | S$2.0b | S$92.1m | 12.8x | 48.9x | 2.3x |
| Fri, 14 Feb 2025 | S$4.3b | S$2.0b | S$50.3m | 17.1x | 86.1x | 2.2x |
| Sun, 12 Jan 2025 | S$4.4b | S$1.9b | S$65.1m | 16.9x | 68.2x | 2.3x |
| Tue, 10 Dec 2024 | S$4.5b | S$1.9b | S$65.2m | 16.9x | 69.6x | 2.4x |
| Thu, 07 Nov 2024 | S$4.6b | S$1.9b | S$62.2m | 17.5x | 73.3x | 2.4x |
| Sat, 05 Oct 2024 | S$4.6b | S$1.9b | S$80.2m | 16.7x | 57.4x | 2.4x |
| Mon, 02 Sep 2024 | S$4.5b | S$1.9b | S$80.6m | 16.3x | 55.6x | 2.3x |
| Wed, 31 Jul 2024 | S$4.7b | S$1.9b | S$92.4m | 18.3x | 51x | 2.5x |
| Fri, 28 Jun 2024 | S$4.6b | S$1.9b | S$125.4m | 16.7x | 37.1x | 2.4x |
| Sun, 26 May 2024 | S$4.8b | S$1.9b | S$127.6m | 15.9x | 37.8x | 2.5x |
| Tue, 23 Apr 2024 | S$4.7b | S$1.9b | S$127.7m | 16.5x | 36.8x | 2.4x |
| Thu, 21 Mar 2024 | S$4.8b | S$1.9b | S$181.7m | 15x | 26.4x | 2.5x |
| Sat, 17 Feb 2024 | S$5.1b | S$1.9b | S$215.0m | 14.7x | 23.5x | 2.6x |
| Mon, 15 Jan 2024 | S$5.6b | S$2.3b | S$271.4m | 15.2x | 20.5x | 2.5x |
| Wed, 13 Dec 2023 | S$5.6b | S$2.3b | S$269.9m | 15.3x | 20.7x | 2.5x |
| Fri, 10 Nov 2023 | S$5.5b | S$2.2b | S$272.3m | 16.2x | 20.4x | 2.5x |
| Sun, 08 Oct 2023 | S$6.0b | S$2.2b | S$269.3m | 18.3x | 22.3x | 2.7x |
| Tue, 05 Sep 2023 | S$6.2b | S$2.2b | S$269.3m | 18.1x | 22.9x | 2.8x |
| Thu, 03 Aug 2023 | S$6.4b | S$2.2b | S$305.7m | 18.2x | 20.8x | 2.9x |
| Sat, 01 Jul 2023 | S$6.3b | S$2.2b | S$306.4m | 17.3x | 20.6x | 2.8x |
| Mon, 29 May 2023 | S$6.3b | S$2.2b | S$309.3m | 17.1x | 20.4x | 2.8x |
Price to Earnings Ratio
20.4x
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 2.5x.
Past Earnings Growth
- Total earnings for the Healthcare industry have declined over the last three years, with the industry now making a loss overall.
- Revenues have also declined 4.0% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the Singaporean Healthcare industry?
| SG Market | -0.22% | |
| Healthcare | -1.58% | |
| Healthcare Services | -1.45% | |
| Healthcare Services | 0.21% | |
| Healthcare Distributors | 0% | 0 |
| Managed Healthcare | 0% | 0 |
| Healthcare Facilities | -1.98% | |
Industry PE
- Investors are most optimistic about the Healthcare Facilities industry which is trading above its 3-year average PE ratio of 74.5x.
- Analysts are expecting annual earnings growth of 54.5%, 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 55% 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 31% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| QC7 Q & M Dental Group (Singapore) | S$0.59 | 3.5% +S$18.9m | 77.6% | PE60.5x | |
| OTX Medinex | S$0.25 | 11.1% +S$3.4m | 26.9% | PE15.1x | |
| 40T ISEC Healthcare | S$0.32 | 1.6% +S$2.9m | -8.6% | PE14x | |
| 5DX Meta Health | S$0.005 | 25.0% +S$1.3m | -16.7% | PS4.7x | |
| FRQ Singapore Paincare Holdings | S$0.076 | 1.3% +S$171.0k | -37.7% | PS0.5x |