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Singaporean (SGX) Healthcare Services Industry Analysis

UpdatedJul 09, 2025
DataAggregated Company Financials
Companies21
  • 7D-0.6%
  • 3M10.5%
  • 1Y-0.6%
  • YTD7.5%

The Healthcare Services industry has been flat over the last week, but Q & M Dental Group (Singapore) has lost 6.7%. In line with that, the industry has also been flat over the past 12 months. Looking forward, earnings are forecast to grow by 36% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 09 Jul 2025S$4.7bS$2.0bS$96.9m13.6x48.9x2.4x
Fri, 06 Jun 2025S$4.7bS$2.0bS$95.8m13.6x48.6x2.3x
Sun, 04 May 2025S$4.5bS$2.0bS$91.4m12.6x49.6x2.3x
Tue, 01 Apr 2025S$4.6bS$2.0bS$92.1m12.8x50.3x2.3x
Thu, 27 Feb 2025S$4.5bS$2.0bS$75.1m14.5x59.3x2.2x
Sat, 25 Jan 2025S$4.4bS$1.9bS$65.1m16.6x67.9x2.3x
Mon, 23 Dec 2024S$4.3bS$1.9bS$65.2m16.6x66.6x2.3x
Wed, 20 Nov 2024S$4.5bS$1.9bS$65.2m17.2x68.5x2.3x
Fri, 18 Oct 2024S$4.6bS$1.9bS$80.2m16.7x56.7x2.4x
Sun, 15 Sep 2024S$4.5bS$1.9bS$80.3m16.5x56.5x2.3x
Tue, 13 Aug 2024S$4.4bS$1.9bS$92.7m17.9x47.5x2.3x
Thu, 11 Jul 2024S$4.8bS$1.9bS$125.4m16.9x38.1x2.5x
Sat, 08 Jun 2024S$4.7bS$1.9bS$125.4m17.1x37.6x2.4x
Mon, 06 May 2024S$4.7bS$1.9bS$127.8m15.9x37x2.5x
Wed, 03 Apr 2024S$4.9bS$1.9bS$181.6m14.5x27x2.5x
Fri, 01 Mar 2024S$4.8bS$1.9bS$201.8m14.8x24x2.5x
Sun, 28 Jan 2024S$5.5bS$2.3bS$271.3m15x20.3x2.5x
Tue, 26 Dec 2023S$5.7bS$2.3bS$270.0m15.3x20.9x2.5x
Thu, 23 Nov 2023S$5.6bS$2.3bS$269.9m16x20.8x2.5x
Sat, 21 Oct 2023S$5.8bS$2.2bS$269.3m17.4x21.6x2.6x
Mon, 18 Sep 2023S$6.1bS$2.2bS$269.3m18.5x22.5x2.7x
Wed, 16 Aug 2023S$6.3bS$2.2bS$300.8m18.3x20.9x2.8x
Fri, 14 Jul 2023S$6.5bS$2.2bS$306.5m17.6x21.3x2.9x
Sun, 11 Jun 2023S$6.3bS$2.2bS$308.6m17x20.3x2.8x
Tue, 09 May 2023S$6.5bS$2.2bS$304.8m17x21.2x2.9x
Thu, 06 Apr 2023S$6.7bS$2.2bS$295.3m16x22.6x3x
Sat, 04 Mar 2023S$6.4bS$2.2bS$295.2m16.2x21.8x2.9x
Mon, 30 Jan 2023S$6.9bS$2.1bS$258.5m19.8x26.8x3.3x
Wed, 28 Dec 2022S$6.9bS$2.1bS$261.1m19.1x26.3x3.3x
Fri, 25 Nov 2022S$6.8bS$2.1bS$261.1m19.4x26x3.2x
Sun, 23 Oct 2022S$6.5bS$2.1bS$269.4m15.4x24.1x3x
Tue, 20 Sep 2022S$7.1bS$2.1bS$267.0m15.9x26.6x3.4x
Thu, 18 Aug 2022S$6.9bS$2.0bS$230.9m17.6x29.9x3.4x
Sat, 16 Jul 2022S$6.4bS$2.0bS$319.7m16x20.2x3.3x
Price to Earnings Ratio

20.2x


Total Market Cap: S$6.4bTotal Earnings: S$319.7mTotal Revenue: S$2.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Healthcare Services Industry Price to Earnings3Y Average 35.8x202320242025
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 48.7x which is higher than its 3-year average PE of 35.8x.
  • The 3-year average PS ratio of 2.7x is higher than the industry's current PS ratio of 2.4x.
Past Earnings Growth
  • The earnings for companies in the Healthcare industry have declined 33% 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 Market1.45%
Healthcare0.34%
Healthcare Services-0.64%
Healthcare Facilities0.15%
Managed Healthcare0%0
Healthcare Distributors-0.80%
Healthcare Services-2.65%
Industry PE
  • Investors are most optimistic about the Healthcare Services industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 12.8%, which is lower than the prior year's growth of 25.2% per year.
  • Investors are most pessimistic about the Healthcare Distributors industry, which is trading below its 3-year average of 68.7x.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare Facilities industry, expecting annual earnings growth of 39% over the next 5 years.
  • This is better than its past earnings decline of 16% per year.
  • In contrast, the Healthcare Services industry is expected to see its earnings grow by 13% 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$1.011.0%
+S$18.5m		0%PE30x
PRH Livingstone Health HoldingsS$0.0234.5%
+S$614.3k		43.8%PE25.4x

Latest News

BSL
S$1.01
Raffles Medical Group
7D
1.0%
1Y
0%

Slowing Rates Of Return At Raffles Medical Group (SGX:BSL) Leave Little Room For Excitement

Jun 30
Slowing Rates Of Return At Raffles Medical Group (SGX:BSL) Leave Little Room For Excitement
QC7
S$0.42
Q & M Dental Group (Singapore)
7D
-6.7%
1Y
55.6%

Q & M Dental Group (Singapore) Limited's (SGX:QC7) 26% Share Price Surge Not Quite Adding Up

Jun 26
Q & M Dental Group (Singapore) Limited's (SGX:QC7) 26% Share Price Surge Not Quite Adding Up
P8A
S$0.27
Cordlife Group
7D
-5.3%
1Y
83.7%
1D4
S$0.04
Aoxin Q & M Dental Group
7D
-9.1%
1Y
-20.0%
OTX
S$0.20
Medinex
7D
-4.7%
1Y
6.8%
PRH
S$0.023
Livingstone Health Holdings
7D
4.5%
1Y
43.8%
FRQ
S$0.16
Singapore Paincare Holdings
7D
-1.9%
1Y
21.7%
BKZ
S$0.12
Suntar Eco-City
7D
-2.4%
1Y
55.0%
5WA
S$0.022
OUE Healthcare
7D
-12.0%
1Y
-24.1%
NPL
S$0.19
Niks Professional
7D
-0.5%
1Y
23.8%