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U.S. Healthcare Sector Analysis

UpdatedApr 28, 2026
DataAggregated Company Financials
Companies1398
  • 7D-2.6%
  • 3M-6.6%
  • 1Y7.4%
  • YTD-6.3%

Over the last 7 days, the Healthcare industry has dropped 2.4%, driven by a pullback from Eli Lilly of 5.6%. Meanwhile, UnitedHealth Group actually outperformed within the industry, gaining 9.6% in the last week. This takes the industry's 12 month performance to a gain of 8.0%. As for the next few years, earnings are expected to grow by 17% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 28 Apr 2026US$6.1tUS$3.3tUS$121.4b23.6x50.6x1.9x
Thu, 26 Mar 2026US$6.1tUS$3.3tUS$124.9b22.7x48.6x1.9x
Sat, 21 Feb 2026US$6.6tUS$3.3tUS$128.1b26.6x51.4x2x
Mon, 19 Jan 2026US$6.5tUS$3.2tUS$136.3b27.3x48x2x
Wed, 17 Dec 2025US$6.5tUS$3.2tUS$135.3b26.3x48.1x2x
Fri, 14 Nov 2025US$6.3tUS$3.2tUS$133.4b26x47.2x2x
Sun, 12 Oct 2025US$5.9tUS$3.1tUS$137.9b24.5x42.9x1.9x
Tue, 09 Sep 2025US$5.7tUS$3.1tUS$137.6b23.1x41.7x1.9x
Thu, 07 Aug 2025US$5.5tUS$3.1tUS$134.9b22.8x40.5x1.8x
Sat, 05 Jul 2025US$5.6tUS$3.0tUS$127.9b24.3x43.4x1.8x
Mon, 02 Jun 2025US$5.4tUS$3.0tUS$127.6b23.1x42.2x1.8x
Wed, 30 Apr 2025US$5.4tUS$2.7tUS$116.9b24.9x46.3x2x
Fri, 28 Mar 2025US$5.7tUS$2.6tUS$81.6b26.3x69.4x2.1x
Sun, 23 Feb 2025US$5.8tUS$2.6tUS$80.5b26.6x72.4x2.2x
Tue, 21 Jan 2025US$5.9tUS$2.9tUS$78.9b27.7x74.2x2x
Thu, 19 Dec 2024US$5.8tUS$2.9tUS$78.1b27.5x74.7x2x
Sat, 16 Nov 2024US$6.1tUS$2.9tUS$76.6b27.8x79.3x2.1x
Mon, 14 Oct 2024US$6.2tUS$2.8tUS$60.0b29.8x104x2.2x
Wed, 11 Sep 2024US$6.2tUS$2.8tUS$60.4b30.1x103.2x2.2x
Fri, 09 Aug 2024US$6.2tUS$2.9tUS$59.6b30.3x103.4x2.1x
Sun, 07 Jul 2024US$6.1tUS$2.8tUS$62.2b30.2x98.5x2.2x
Tue, 04 Jun 2024US$6.1tUS$2.8tUS$64.0b30.5x95.2x2.2x
Thu, 02 May 2024US$6.0tUS$2.8tUS$71.2b31.2x84.3x2.1x
Sat, 30 Mar 2024US$6.4tUS$2.8tUS$82.8b32.4x76.8x2.3x
Mon, 26 Feb 2024US$6.3tUS$2.8tUS$85.5b31.1x74x2.3x
Wed, 24 Jan 2024US$6.4tUS$2.8tUS$90.1b32.7x70.5x2.3x
Fri, 22 Dec 2023US$6.0tUS$2.8tUS$91.5b32.3x66.1x2.1x
Sun, 19 Nov 2023US$5.8tUS$2.8tUS$90.7b27.8x63.6x2x
Tue, 17 Oct 2023US$5.9tUS$2.8tUS$98.9b26.4x59.7x2.1x
Thu, 14 Sep 2023US$6.0tUS$2.8tUS$98.7b27.8x61.3x2.2x
Sat, 12 Aug 2023US$6.2tUS$2.8tUS$99.1b28.6x62.6x2.2x
Mon, 10 Jul 2023US$5.9tUS$2.7tUS$110.3b26x53.1x2.1x
Wed, 07 Jun 2023US$5.9tUS$2.7tUS$110.4b25.4x53.8x2.2x
Fri, 05 May 2023US$6.0tUS$2.7tUS$111.9b24.4x53.4x2.2x
Price to Earnings Ratio

53.4x


Total Market Cap: US$6.0tTotal Earnings: US$111.9bTotal 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 50.7x which is lower than its 3-year average PE of 65.5x.
  • The industry is trading close to its 3-year average PS ratio of 2.1x.
Past Earnings Growth
  • The earnings for companies in the Healthcare industry have grown 2.7% per year over the last three years.
  • Revenues for these companies have grown 6.3% 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 Market0.72%
Healthcare-2.64%
Healthcare Services4.73%
Medical Equipment-2.18%
Biotech-3.11%
Healthtech-3.40%
Pharma-3.97%
Life Sciences-8.11%
Industry PE
  • Investors are most optimistic about the Medical Equipment industry even though it's trading below its 3-year average PE ratio of 55.3x.
    • Analysts are expecting annual earnings growth of 15.7%, which is higher than its past year's earnings growth of 7.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Biotech industry, expecting annual earnings growth of 23% over the next 5 years.
  • However this is lower than its past earnings growth rate of 50% per year.
  • In contrast, the Pharma 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
UNH UnitedHealth GroupUS$354.699.6%
+US$28.5b
-15.6%PE26.7x
ELV Elevance HealthUS$356.1311.5%
+US$7.2b
-13.9%PE14.8x
CNC CenteneUS$43.5013.5%
+US$2.6b
-26.9%PS0.1x
CVS CVS HealthUS$78.362.3%
+US$2.3b
20.7%PE56.8x
HUM HumanaUS$223.626.3%
+US$1.6b
-15.0%PE22.6x

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