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Singaporean (SGX) Healthcare Services Industry Analysis

UpdatedOct 01, 2025
DataAggregated Company Financials
Companies20
  • 7D-1.3%
  • 3M11.5%
  • 1Y12.9%
  • YTD20.4%

Over the last 7 days, the Healthcare Services industry has dropped 1.3%, driven by a pullback from Thomson Medical Group of 3.3%. In contrast, Singapore Institute of Advanced Medicine Holdings has gained 18%. Over the past 12 months, the industry was up 13%. As for the next few years, earnings are expected to grow by 64% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 02 Oct 2025S$4.5bS$2.0bS$5.5m16.2x824.8x2.3x
Sat, 30 Aug 2025S$5.2bS$2.0bS$95.7m15.6x54.6x2.7x
Mon, 28 Jul 2025S$5.0bS$1.9bS$88.8m15.8x56.2x2.6x
Wed, 25 Jun 2025S$4.6bS$2.0bS$95.8m13.5x48x2.3x
Fri, 23 May 2025S$4.6bS$2.0bS$91.3m13.5x50.1x2.3x
Sun, 20 Apr 2025S$4.4bS$2.0bS$92.6m11.7x47.9x2.2x
Tue, 18 Mar 2025S$4.5bS$2.0bS$92.1m12.8x48.8x2.3x
Thu, 13 Feb 2025S$4.3bS$1.9bS$65.2m17x66.1x2.2x
Sat, 11 Jan 2025S$4.4bS$1.9bS$65.1m16.9x68.1x2.3x
Mon, 09 Dec 2024S$4.5bS$1.9bS$65.2m16.6x68.8x2.3x
Wed, 06 Nov 2024S$4.6bS$1.9bS$62.2m17.8x73.4x2.4x
Fri, 04 Oct 2024S$4.6bS$1.9bS$80.2m16.7x57.4x2.4x
Sun, 01 Sep 2024S$4.5bS$1.9bS$80.6m16.3x55.6x2.3x
Tue, 30 Jul 2024S$4.7bS$1.9bS$121.6m18.3x39x2.5x
Thu, 27 Jun 2024S$4.6bS$1.9bS$125.4m17x37x2.4x
Sat, 25 May 2024S$4.8bS$1.9bS$127.6m15.9x37.8x2.5x
Mon, 22 Apr 2024S$4.7bS$1.9bS$127.7m16.5x36.8x2.4x
Wed, 20 Mar 2024S$4.8bS$1.9bS$181.7m15x26.2x2.5x
Fri, 16 Feb 2024S$4.9bS$1.9bS$214.9m13.8x23x2.6x
Sun, 14 Jan 2024S$5.6bS$2.3bS$271.4m15.2x20.5x2.5x
Tue, 12 Dec 2023S$5.6bS$2.3bS$269.9m15.8x20.9x2.5x
Thu, 09 Nov 2023S$5.5bS$2.2bS$272.3m16.2x20.1x2.4x
Sat, 07 Oct 2023S$6.0bS$2.2bS$269.3m18.3x22.3x2.7x
Mon, 04 Sep 2023S$6.2bS$2.2bS$269.2m18.1x23.1x2.8x
Wed, 02 Aug 2023S$6.5bS$2.2bS$305.8m18.2x21.2x3x
Fri, 30 Jun 2023S$6.3bS$2.2bS$306.4m17.3x20.5x2.8x
Sun, 28 May 2023S$6.3bS$2.2bS$309.3m17.1x20.4x2.8x
Tue, 25 Apr 2023S$6.6bS$2.2bS$293.8m16.8x22.4x2.9x
Thu, 23 Mar 2023S$6.6bS$2.2bS$295.2m16.8x22.3x2.9x
Sat, 18 Feb 2023S$6.8bS$2.2bS$267.5m18x25.4x3.2x
Mon, 16 Jan 2023S$6.8bS$2.1bS$258.5m18.8x26.2x3.2x
Wed, 14 Dec 2022S$6.8bS$2.1bS$261.1m18.5x26.1x3.2x
Fri, 11 Nov 2022S$6.9bS$2.1bS$269.4m14.8x25.6x3.2x
Sun, 09 Oct 2022S$6.8bS$2.1bS$267.0m16.5x25.3x3.2x
Price to Earnings Ratio

25.3x


Total Market Cap: S$6.8bTotal Earnings: S$267.0mTotal Revenue: S$2.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Healthcare Services Industry Price to Earnings3Y Average 50.1x202320242025
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 825x which is higher than its 3-year average PE of 50.1x.
  • The 3-year average PS ratio of 2.6x is higher than the industry's current PS ratio of 2.3x.
Past Earnings Growth
  • The earnings for companies in the Healthcare industry have declined 73% per year over the last three years,
  • Revenues have also declined 2.6% 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 industry?

SG Market0.30%
Healthcare-0.89%
Healthcare Services-1.31%
Healthcare Services2.00%
Healthcare Distributors0%0
Managed Healthcare0%0
Healthcare Facilities-2.01%
Industry PE
  • Investors are most optimistic about the Healthcare Facilities industry which is trading above its 3-year average PE ratio of 34.3x.
    • Analysts are expecting annual earnings growth of 69.1%, which is higher than its past year's earnings growth of 1.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare Facilities industry, expecting annual earnings growth of 69% over the next 5 years.
  • This is better than its past earnings growth rate of 1.0% per year.
  • In contrast, the Healthcare Services industry is expected to see its earnings grow by 27% 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
9G2 Singapore Institute of Advanced Medicine HoldingsS$0.03918.2%
+S$6.4m		-56.7%PS2.6x
QC7 Q & M Dental Group (Singapore)S$0.471.1%
+S$4.7m		70.9%PE50.1x
5WA OUE HealthcareS$0.0283.7%
+S$4.4m		-6.7%PS0.8x
PRH Livingstone Health HoldingsS$0.02931.8%
+S$4.4m		-3.3%PE32.8x
OTX MedinexS$0.236.8%
+S$2.0m		n/aPE10.9x

Latest News

9G2
S$0.039
Singapore Institute of Advanced Medicine Holdings
7D
18.2%
1Y
-56.7%
RCU
S$0.043
Assurance Healthcare
7D
4.9%
1Y
n/a
1B1
S$0.38
HC Surgical Specialists
7D
2.7%
1Y
33.9%
BSL
S$0.98
Raffles Medical Group
7D
-1.5%
1Y
8.2%
A50
S$0.059
Thomson Medical Group
7D
-3.3%
1Y
18.0%

Revenues Not Telling The Story For Thomson Medical Group Limited (SGX:A50) After Shares Rise 28%

Sep 12
Revenues Not Telling The Story For Thomson Medical Group Limited (SGX:A50) After Shares Rise 28%
QC7
S$0.47
Q & M Dental Group (Singapore)
7D
1.1%
1Y
70.9%

Earnings Tell The Story For Q & M Dental Group (Singapore) Limited (SGX:QC7) As Its Stock Soars 25%

Aug 31
Earnings Tell The Story For Q & M Dental Group (Singapore) Limited (SGX:QC7) As Its Stock Soars 25%
1D4
S$0.059
Aoxin Q & M Dental Group
7D
-1.7%
1Y
34.1%
5WA
S$0.028
OUE Healthcare
7D
3.7%
1Y
-6.7%
505
S$0.021
AsiaMedic
7D
5.0%
1Y
90.9%
1H3
S$0.003
Clearbridge Health
7D
-25.0%
1Y
-70.0%
PRH
S$0.029
Livingstone Health Holdings
7D
31.8%
1Y
-3.3%
OTX
S$0.23
Medinex
7D
6.8%
1Y
n/a