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U.S. Healthcare Sector Analysis

UpdatedMay 12, 2026
DataAggregated Company Financials
Companies1409
  • 7D-0.9%
  • 3M-5.7%
  • 1Y8.8%
  • YTD-6.5%

The Healthcare is pretty flat in the last 7 days, but CVS Health has stood out, gaining 12%. The past year has been better, since the industry has gained 13% in that time. Earnings are forecast to grow by 18% annually.

Sector Valuation and Performance

Has the U.S. Healthcare Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 12 May 2026US$6.2tUS$3.3tUS$123.7b22.5x49.8x1.9x
Thu, 09 Apr 2026US$6.2tUS$3.3tUS$127.2b23.1x48.5x1.9x
Sat, 07 Mar 2026US$6.4tUS$3.3tUS$126.1b24.9x50.7x2x
Mon, 02 Feb 2026US$6.5tUS$3.2tUS$126.6b27.8x51.2x2x
Wed, 31 Dec 2025US$6.5tUS$3.2tUS$134.8b26x48.4x2x
Fri, 28 Nov 2025US$6.6tUS$3.2tUS$133.5b26.7x49.1x2.1x
Sun, 26 Oct 2025US$6.1tUS$3.1tUS$140.4b25.8x43.3x2x
Tue, 23 Sep 2025US$5.7tUS$3.1tUS$137.6b23.9x41.4x1.8x
Thu, 21 Aug 2025US$5.7tUS$3.1tUS$137.2b23.8x41.3x1.8x
Sat, 19 Jul 2025US$5.4tUS$3.0tUS$128.8b22.7x42.3x1.8x
Mon, 16 Jun 2025US$5.5tUS$3.0tUS$127.4b23.5x43.5x1.8x
Wed, 14 May 2025US$5.5tUS$3.0tUS$125.7b24.3x43.8x1.8x
Fri, 11 Apr 2025US$5.4tUS$2.6tUS$81.7b24.8x65.9x2x
Sun, 09 Mar 2025US$5.8tUS$2.6tUS$79.0b27.5x73.7x2.2x
Tue, 04 Feb 2025US$6.1tUS$2.9tUS$85.2b27.1x72x2.1x
Thu, 02 Jan 2025US$5.8tUS$2.9tUS$79.4b27.5x72.6x2x
Sat, 30 Nov 2024US$6.2tUS$2.9tUS$77.3b28.8x79.8x2.1x
Mon, 28 Oct 2024US$6.0tUS$2.8tUS$59.1b29.1x102.2x2.1x
Wed, 25 Sep 2024US$6.3tUS$2.8tUS$60.1b30.2x104x2.2x
Fri, 23 Aug 2024US$6.2tUS$2.8tUS$56.4b30.8x110.8x2.2x
Sun, 21 Jul 2024US$6.3tUS$2.8tUS$60.7b31.7x103.5x2.2x
Tue, 18 Jun 2024US$6.2tUS$2.8tUS$62.5b30.2x99x2.2x
Thu, 16 May 2024US$6.1tUS$2.8tUS$64.0b30.9x96.1x2.2x
Sat, 13 Apr 2024US$6.1tUS$2.8tUS$85.3b31.4x71.2x2.2x
Mon, 11 Mar 2024US$6.3tUS$2.8tUS$85.3b32.5x73.8x2.3x
Wed, 07 Feb 2024US$6.3tUS$2.8tUS$84.0b31.5x75.2x2.3x
Fri, 05 Jan 2024US$6.3tUS$2.8tUS$90.0b31.7x70x2.2x
Sun, 03 Dec 2023US$5.9tUS$2.8tUS$91.4b28.8x65x2.1x
Tue, 31 Oct 2023US$5.6tUS$2.8tUS$99.5b24.7x55.9x2x
Thu, 28 Sep 2023US$5.9tUS$2.8tUS$98.5b27.4x59.7x2.1x
Sat, 26 Aug 2023US$6.1tUS$2.8tUS$99.0b27.7x61.6x2.2x
Mon, 24 Jul 2023US$6.2tUS$2.7tUS$110.9b26.9x55.5x2.2x
Wed, 21 Jun 2023US$6.0tUS$2.7tUS$109.9b26.2x54.8x2.2x
Fri, 19 May 2023US$5.9tUS$2.7tUS$110.8b24.2x53.6x2.2x
Price to Earnings Ratio

53.6x


Total Market Cap: US$5.9tTotal Earnings: US$110.8bTotal Revenue: US$2.7tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Healthcare Sector Price to Earnings3Y Average 65.5x202420252026
Current Industry PE
  • Investors are pessimistic on the American Healthcare industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 49.8x which is lower than its 3-year average PE of 65.5x.
  • The 3-year average PS ratio of 2.1x is higher than the industry's current PS ratio of 1.9x.
Past Earnings Growth
  • The earnings for companies in the Healthcare industry have grown 3.7% per year over the last three years.
  • Revenues for these companies have grown 6.9% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the U.S. Healthcare sector?

US Market2.58%
Healthcare-0.94%
Healthcare Services3.27%
Biotech0.13%
Life Sciences-0.15%
Pharma-1.46%
Healthtech-3.87%
Medical Equipment-4.82%
Industry PE
  • Investors are most optimistic about the Medical Equipment industry even though it's trading below its 3-year average PE ratio of 54.9x.
    • Analysts are expecting annual earnings growth of 16.0%, which is higher than its past year's earnings growth of 9.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Biotech industry, expecting annual earnings growth of 26% over the next 5 years.
  • However this is lower than its past earnings growth rate of 43% per year.
  • In contrast, the Pharma industry is expected to see its earnings grow by 14% 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
CVS CVS HealthUS$92.2212.4%
+US$12.6b		42.3%PE40.1x
UNH UnitedHealth GroupUS$384.443.7%
+US$12.4b		1.5%PE29x
WAT WatersUS$348.0715.3%
+US$4.5b		-5.1%PE76x
HUM HumanaUS$274.2615.3%
+US$4.4b		8.5%PE29.1x
AMGN AmgenUS$329.591.8%
+US$3.1b		20.0%PE22.8x

Latest News

MRNA
US$52.88
Moderna
7D
11.8%
1Y
105.8%
ABBV
US$202.78
AbbVie
7D
-2.6%
1Y
6.7%
ABT
US$82.56
Abbott Laboratories
7D
-5.7%
1Y
-37.4%
INSM
US$103.89
Insmed
7D
-25.8%
1Y
53.3%
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ZTS
US$76.67
Zoetis
7D
-32.0%
1Y
-52.6%
MCK
US$725.17
McKesson
7D
-10.2%
1Y
5.5%
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McKesson Corporation ( NYSE:MCK ) shareholders are probably feeling a little disappointed, since its shares fell 8.9...
COR
US$259.70
Cencora
7D
-14.5%
1Y
-6.7%
HUM
US$274.26
Humana
7D
15.3%
1Y
8.5%
CVS
US$92.22
CVS Health
7D
12.4%
1Y
42.3%
WAT
US$348.07
Waters
7D
15.3%
1Y
-5.1%
AMGN
US$329.59
Amgen
7D
1.8%
1Y
20.0%
DVA
US$198.93
DaVita
7D
29.1%
1Y
37.7%
CI
US$289.07
Cigna Group
7D
3.5%
1Y
-8.4%
JNJ
US$221.43
Johnson & Johnson
7D
-1.2%
1Y
43.7%
UNH
US$384.44
UnitedHealth Group
7D
3.7%
1Y
1.5%
ISRG
US$420.06
Intuitive Surgical
7D
-7.1%
1Y
-25.2%
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ISRG: Policy Shifts And Platform Adoption Will Shape Balanced Risk Reward Profile

Analysts have trimmed the fair value estimate for Intuitive Surgical by about $8 to $433. This reflects a mix of reduced revenue growth assumptions, slightly different discounting and modestly lower future P/E expectations after a series of both price target cuts and upgrades across the Street.