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U.S. Healthcare Sector Analysis

UpdatedMay 13, 2026
DataAggregated Company Financials
Companies1409
  • 7D0.3%
  • 3M-4.3%
  • 1Y14.6%
  • YTD-4.7%

The Healthcare is pretty flat in the last 7 days, but UnitedHealth Group has stood out, gaining 8.9%. As for the the longer term, the industry is up 15% over the past 12 months. 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
Wed, 13 May 2026US$6.1tUS$3.3tUS$123.6b23.2x49.8x1.8x
Fri, 10 Apr 2026US$6.3tUS$3.3tUS$127.2b23x49.5x1.9x
Sun, 08 Mar 2026US$6.4tUS$3.3tUS$125.5b24.9x50.6x1.9x
Tue, 03 Feb 2026US$6.5tUS$3.2tUS$126.6b27.8x51.2x2x
Thu, 01 Jan 2026US$6.5tUS$3.2tUS$135.6b25.8x48.1x2x
Sat, 29 Nov 2025US$6.6tUS$3.2tUS$133.5b26.5x49.1x2.1x
Mon, 27 Oct 2025US$6.1tUS$3.1tUS$140.4b25.8x43.3x2x
Wed, 24 Sep 2025US$5.7tUS$3.1tUS$137.6b23.8x41.5x1.8x
Fri, 22 Aug 2025US$5.7tUS$3.1tUS$137.2b23.3x41.4x1.8x
Sun, 20 Jul 2025US$5.4tUS$3.0tUS$128.8b22.7x42x1.8x
Tue, 17 Jun 2025US$5.5tUS$3.0tUS$127.4b23.6x43.5x1.8x
Thu, 15 May 2025US$5.4tUS$3.0tUS$125.9b23.5x42.5x1.8x
Sat, 12 Apr 2025US$5.2tUS$2.6tUS$81.8b24.9x63.8x2x
Mon, 10 Mar 2025US$5.8tUS$2.6tUS$79.0b27.5x73.7x2.2x
Wed, 05 Feb 2025US$6.1tUS$3.0tUS$93.6b27.6x65.4x2.1x
Fri, 03 Jan 2025US$5.8tUS$2.9tUS$79.4b27.2x72.6x2x
Sun, 01 Dec 2024US$6.2tUS$2.9tUS$77.3b28.8x79.8x2.1x
Tue, 29 Oct 2024US$6.0tUS$2.8tUS$59.1b29.2x102.2x2.1x
Thu, 26 Sep 2024US$6.3tUS$2.8tUS$60.1b29.2x104x2.2x
Sat, 24 Aug 2024US$6.2tUS$2.8tUS$56.4b31.6x110.4x2.2x
Mon, 22 Jul 2024US$6.3tUS$2.8tUS$60.7b31.7x103.5x2.2x
Wed, 19 Jun 2024US$6.2tUS$2.8tUS$62.5b29.9x98.6x2.2x
Fri, 17 May 2024US$6.2tUS$2.8tUS$64.2b30.4x97.1x2.2x
Sun, 14 Apr 2024US$6.1tUS$2.8tUS$85.3b31.4x71.2x2.2x
Tue, 12 Mar 2024US$6.3tUS$2.8tUS$85.3b32.2x73.6x2.3x
Thu, 08 Feb 2024US$6.2tUS$2.8tUS$76.8b30.8x80.1x2.2x
Sat, 06 Jan 2024US$6.3tUS$2.8tUS$90.0b30.9x70.1x2.2x
Mon, 04 Dec 2023US$5.9tUS$2.8tUS$91.4b28.8x65x2.1x
Wed, 01 Nov 2023US$5.6tUS$2.8tUS$99.1b24.2x56.5x2x
Fri, 29 Sep 2023US$5.9tUS$2.8tUS$98.6b27.5x59.8x2.1x
Sun, 27 Aug 2023US$6.1tUS$2.8tUS$99.0b27.7x61.6x2.2x
Tue, 25 Jul 2023US$6.1tUS$2.7tUS$110.8b27x55.3x2.2x
Thu, 22 Jun 2023US$6.0tUS$2.7tUS$110.0b26.3x54.7x2.2x
Sat, 20 May 2023US$6.0tUS$2.7tUS$110.8b24.2x53.9x2.2x
Price to Earnings Ratio

53.9x


Total Market Cap: US$6.0tTotal 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 1.8x.
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 7.0% 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 Market1.52%
Healthcare0.31%
Healthcare Services7.33%
Biotech1.47%
Pharma-1.05%
Life Sciences-2.09%
Medical Equipment-2.67%
Healthtech-4.97%
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 14.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the Biotech industry, expecting annual earnings growth of 25% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • 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
UNH UnitedHealth GroupUS$396.398.9%
+US$29.5b		27.3%PE29.9x
CVS CVS HealthUS$95.1517.9%
+US$18.0b		57.3%PE41.4x
HUM HumanaUS$295.3523.3%
+US$6.7b		29.0%PE31.4x
VRTX Vertex PharmaceuticalsUS$448.295.6%
+US$6.1b		3.8%PE26.2x
CI Cigna GroupUS$298.498.3%
+US$6.0b		-1.1%PE12.6x

Latest News

CVS
US$95.15
CVS Health
7D
17.9%
1Y
57.3%
ISRG
US$431.87
Intuitive Surgical
7D
-4.3%
1Y
-23.4%
ABT
US$84.35
Abbott Laboratories
7D
-3.2%
1Y
-34.6%
Narrative Update • May 12

ABT: Medtech Pipeline And Dividend Record Will Support Future Repricing

Analysts have trimmed Abbott Laboratories' consolidated price target by $1, reflecting a slightly higher discount rate, a marginally lower revenue growth outlook, a very small adjustment to profit margin assumptions, and a modestly lower future P/E multiple in light of several recent target cuts and a removal from a conviction list. Analyst Commentary Recent Street research on Abbott Laboratories has tilted more cautious, with a series of price target reductions and a removal from a major conviction list.
INSM
US$116.00
Insmed
7D
-16.8%
1Y
76.5%
Analysis Article • May 11

Insmed Incorporated (NASDAQ:INSM) Just Released Its First-Quarter Results And Analysts Are Updating Their Estimates

Shareholders in Insmed Incorporated ( NASDAQ:INSM ) had a terrible week, as shares crashed 28% to US$101 in the week...
ZTS
US$76.94
Zoetis
7D
-31.6%
1Y
-52.0%
MCK
US$734.69
McKesson
7D
-8.3%
1Y
6.8%
Analysis Article • May 11

McKesson Corporation Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

McKesson Corporation ( NYSE:MCK ) shareholders are probably feeling a little disappointed, since its shares fell 8.9...
VRTX
US$448.29
Vertex Pharmaceuticals
7D
5.6%
1Y
3.8%
COR
US$260.93
Cencora
7D
-14.7%
1Y
-6.5%
DHR
US$166.26
Danaher
7D
-4.8%
1Y
-15.4%
HUM
US$295.35
Humana
7D
23.3%
1Y
29.0%
AMGN
US$336.29
Amgen
7D
2.0%
1Y
24.3%
MDLN
US$38.55
Medline
7D
-14.9%
1Y
n/a
CI
US$298.49
Cigna Group
7D
8.3%
1Y
-1.1%
UNH
US$396.39
UnitedHealth Group
7D
8.9%
1Y
27.3%
CNC
US$59.31
Centene
7D
11.9%
1Y
0.6%
ELV
US$393.30
Elevance Health
7D
6.6%
1Y
4.8%