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U.S. Healthcare Services Industry Analysis

UpdatedFeb 26, 2024
DataAggregated Company Financials
Companies166
  • 7D0.7%
  • 3M2.3%
  • 1Y4.6%
  • YTD-0.2%

The Healthcare Services industry has stayed flat over the last week. The past year has been better, since the industry has gained 4.6% in that time. Looking forward, earnings are forecast to grow by 12% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 26 Feb 2024US$1.2tUS$1.8tUS$50.1b24x23.1x0.6x
Wed, 24 Jan 2024US$1.1tUS$1.8tUS$50.8b23.9x22.3x0.6x
Fri, 22 Dec 2023US$1.1tUS$1.8tUS$51.2b22.7x22.1x0.6x
Sun, 19 Nov 2023US$1.1tUS$1.8tUS$51.2b22.1x22.3x0.6x
Tue, 17 Oct 2023US$1.2tUS$1.8tUS$47.4b22.8x24.3x0.7x
Thu, 14 Sep 2023US$1.1tUS$1.8tUS$46.8b21.7x23.2x0.6x
Sat, 12 Aug 2023US$1.1tUS$1.8tUS$46.7b22.4x24.4x0.6x
Mon, 10 Jul 2023US$1.1tUS$1.7tUS$46.1b23.1x23.2x0.6x
Wed, 07 Jun 2023US$1.1tUS$1.7tUS$45.8b22.3x24.2x0.6x
Fri, 05 May 2023US$1.1tUS$1.7tUS$46.0b22.6x23.7x0.6x
Sun, 02 Apr 2023US$1.0tUS$1.4tUS$44.3b21.9x23.6x0.7x
Tue, 28 Feb 2023US$1.1tUS$1.4tUS$44.0b22.3x25x0.8x
Thu, 26 Jan 2023US$1.1tUS$1.4tUS$45.0b20.8x25.1x0.8x
Sat, 24 Dec 2022US$1.2tUS$1.4tUS$44.4b21.4x26.7x0.8x
Mon, 21 Nov 2022US$1.2tUS$1.4tUS$44.4b20.8x26.6x0.8x
Wed, 19 Oct 2022US$1.2tUS$1.4tUS$47.2b19.2x24.6x0.8x
Fri, 16 Sep 2022US$1.2tUS$1.4tUS$46.1b19.1x25.9x0.9x
Sun, 14 Aug 2022US$1.2tUS$1.4tUS$46.2b19.8x26.8x0.9x
Tue, 12 Jul 2022US$1.2tUS$1.6tUS$50.5b18.6x23.6x0.8x
Thu, 09 Jun 2022US$1.2tUS$1.6tUS$50.7b19.4x23.1x0.7x
Sat, 07 May 2022US$1.2tUS$1.6tUS$50.1b19.4x23.3x0.7x
Mon, 04 Apr 2022US$1.2tUS$1.5tUS$49.0b19.7x24.7x0.8x
Wed, 02 Mar 2022US$1.1tUS$1.5tUS$49.7b18.6x23x0.8x
Fri, 28 Jan 2022US$1.1tUS$1.5tUS$52.5b19.7x21.1x0.8x
Sun, 26 Dec 2021US$1.2tUS$1.4tUS$50.1b23.3x24.1x0.8x
Tue, 23 Nov 2021US$1.1tUS$1.4tUS$50.1b22.1x22.2x0.8x
Thu, 21 Oct 2021US$1.1tUS$1.4tUS$47.0b21.3x23.5x0.8x
Sat, 18 Sep 2021US$1.1tUS$1.4tUS$46.2b22.6x23.7x0.8x
Mon, 16 Aug 2021US$1.1tUS$1.4tUS$46.5b20.5x23.3x0.8x
Mon, 31 May 2021US$1.1tUS$1.6tUS$48.8b20.6x23.2x0.7x
Thu, 04 Mar 2021US$934.0bUS$1.6tUS$45.3b20.5x20.6x0.6x
Price to Earnings Ratio

20.6x


Total Market Cap: US$934.0bTotal Earnings: US$45.3bTotal Revenue: US$1.6tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Healthcare Services Industry Price to Earnings3Y Average 23.7x202220232024
Current Industry PE
  • Investors are relatively neutral on the American Healthcare industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 23.7x.
  • The industry is trading close to its 3-year average PS ratio of 0.74x.
Past Earnings Growth
  • The earnings for companies in the Healthcare industry have grown 3.4% per year over the last three years.
  • Revenues for these companies have grown 5.7% 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 industry?

US Market1.28%
Healthcare1.24%
Healthcare Services0.72%
Healthcare Distributors3.01%
Healthcare Facilities1.30%
Managed Healthcare0.82%
Healthcare Services-0.09%
Industry PE
  • Investors are most optimistic about the Healthcare Distributors industry which is trading above its 3-year average PE ratio of 20.3x.
    • Analysts are expecting annual earnings growth of 12.6%, which is higher than its past year's earnings growth of 0.3% per year.
  • Investors are most pessimistic about the Managed Healthcare industry, which is trading close to its 3-year average of 23.9x.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare Facilities industry, expecting annual earnings growth of 18% over the next 5 years.
  • However this is lower than its past earnings growth rate of 46% per year.
  • In contrast, the Managed Healthcare industry is expected to see its earnings grow by 11% 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$527.241.1%
+US$5.3b
9.1%PE21.8x
HCA HCA HealthcareUS$315.362.2%
+US$1.8b
27.1%PE15.9x
COR CencoraUS$237.272.4%
+US$1.1b
51.5%PE25.3x
CI Cigna GroupUS$344.240.9%
+US$921.4m
16.2%PE19.5x
CAH Cardinal HealthUS$108.093.5%
+US$885.4m
39.3%PE41.1x
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Latest News

UNH

US$527.24

UnitedHealth Group

7D

1.1%

1Y

9.1%

OPCH

US$32.24

Option Care Health

7D

-5.0%

1Y

4.6%

GH

US$19.42

Guardant Health

7D

-13.4%

1Y

-36.0%

MODV

US$26.62

ModivCare

7D

-46.5%

1Y

-73.1%

ELV

US$514.09

Elevance Health

7D

0.3%

1Y

7.9%

MCK

US$516.24

McKesson

7D

1.0%

1Y

45.3%

HSIC

US$79.86

Henry Schein

7D

5.6%

1Y

1.9%

HUM

US$362.91

Humana

7D

-1.1%

1Y

-28.5%

NNOX

US$8.62

Nano-X Imaging

7D

-33.4%

1Y

21.4%

AGL

US$6.27

agilon health

7D

-11.8%

1Y

-70.4%