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U.S. Healthcare Services Industry Analysis

UpdatedMar 28, 2024
DataAggregated Company Financials
Companies166
  • 7D0.6%
  • 3M0.8%
  • 1Y9.5%
  • YTD-1.5%

In the last week, Healthcare Services has been flat. As for the the longer term, the industry is up 9.5% over the past 12 months. 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
Thu, 28 Mar 2024US$1.1tUS$1.8tUS$49.6b24.7x22.9x0.6x
Sat, 24 Feb 2024US$1.2tUS$1.8tUS$50.1b24x23.1x0.6x
Mon, 22 Jan 2024US$1.1tUS$1.8tUS$50.8b23.9x22x0.6x
Wed, 20 Dec 2023US$1.1tUS$1.8tUS$51.2b22.5x22.4x0.6x
Fri, 17 Nov 2023US$1.2tUS$1.8tUS$51.2b22.5x22.7x0.6x
Sun, 15 Oct 2023US$1.1tUS$1.8tUS$47.4b22.8x24.2x0.7x
Tue, 12 Sep 2023US$1.1tUS$1.8tUS$46.8b21.5x23.2x0.6x
Thu, 10 Aug 2023US$1.1tUS$1.8tUS$46.8b22.2x24.2x0.6x
Sat, 08 Jul 2023US$1.1tUS$1.7tUS$46.1b23.1x23.2x0.6x
Mon, 05 Jun 2023US$1.1tUS$1.7tUS$45.7b22.5x24.4x0.7x
Wed, 03 May 2023US$1.1tUS$1.7tUS$46.2b22.5x24x0.7x
Fri, 31 Mar 2023US$1.0tUS$1.4tUS$44.4b21.8x23.4x0.7x
Sun, 26 Feb 2023US$1.1tUS$1.4tUS$44.0b22.1x25x0.8x
Tue, 24 Jan 2023US$1.1tUS$1.4tUS$45.0b21.2x24.9x0.8x
Thu, 22 Dec 2022US$1.2tUS$1.4tUS$44.4b21.7x26.7x0.8x
Sat, 19 Nov 2022US$1.2tUS$1.4tUS$44.4b20.8x26.6x0.8x
Mon, 17 Oct 2022US$1.1tUS$1.4tUS$46.1b18.9x24.6x0.8x
Wed, 14 Sep 2022US$1.2tUS$1.4tUS$46.1b19.5x26.4x0.9x
Fri, 12 Aug 2022US$1.2tUS$1.4tUS$46.1b19.5x26.3x0.9x
Sun, 10 Jul 2022US$1.2tUS$1.6tUS$50.5b18.7x23.8x0.8x
Tue, 07 Jun 2022US$1.2tUS$1.6tUS$50.7b19.4x22.8x0.7x
Thu, 05 May 2022US$1.2tUS$1.5tUS$49.0b19.9x23.5x0.8x
Sat, 02 Apr 2022US$1.2tUS$1.5tUS$49.2b19.7x24.6x0.8x
Mon, 28 Feb 2022US$1.2tUS$1.5tUS$49.3b18.8x23.3x0.8x
Wed, 26 Jan 2022US$1.1tUS$1.4tUS$51.9b20.2x21.3x0.8x
Fri, 24 Dec 2021US$1.2tUS$1.4tUS$50.1b23.3x24.1x0.8x
Sun, 21 Nov 2021US$1.1tUS$1.4tUS$50.1b21.9x22.3x0.8x
Tue, 19 Oct 2021US$1.1tUS$1.4tUS$47.0b21.4x22.7x0.8x
Thu, 16 Sep 2021US$1.1tUS$1.4tUS$46.3b18.5x23.4x0.8x
Sat, 14 Aug 2021US$1.1tUS$1.4tUS$46.5b20.5x23x0.8x
Wed, 09 Jun 2021US$1.1tUS$1.6tUS$48.8b20.6x23.2x0.7x
Price to Earnings Ratio

21.5x


Total Market Cap: US$1.0tTotal Earnings: US$48.2bTotal Revenue: US$1.6tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Healthcare Services Industry Price to Earnings3Y Average 23.8x202220232024
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 23.8x.
  • 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 remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 5.1% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.

Industry Trends

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

US Market0.38%
Healthcare1.06%
Healthcare Services0.60%
Healthcare Facilities1.93%
Healthcare Services1.32%
Healthcare Distributors1.26%
Managed Healthcare0.11%
Industry PE
  • Investors are most optimistic about the Healthcare Distributors industry which is trading above its 3-year average PE ratio of 22.0x.
    • Analysts are expecting annual earnings growth of 14.8%, which is higher than its past year's earnings decline of 1.3% per year.
  • Investors are most pessimistic about the Managed Healthcare industry, which is trading below its 3-year average of 23.9x.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare Facilities industry, expecting annual earnings growth of 16% over the next 5 years.
  • However this is lower than its past earnings growth rate of 41% 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
CI Cigna GroupUS$363.342.7%
+US$2.7b
43.0%PE20x
ELV Elevance HealthUS$519.961.1%
+US$1.3b
14.0%PE20.2x
MCK McKessonUS$539.261.6%
+US$1.1b
51.0%PE23.6x
HCA HCA HealthcareUS$331.690.9%
+US$748.5m
28.9%PE16.7x
LH Laboratory Corporation of America HoldingsUS$216.573.4%
+US$606.4m
-2.4%PE48x
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Latest News

HQY

US$79.72

HealthEquity

7D

-2.0%

1Y

36.7%

CI

US$363.34

Cigna Group

7D

2.7%

1Y

43.0%

AMN

US$61.48

AMN Healthcare Services

7D

-7.0%

1Y

-26.4%

DGX

US$131.06

Quest Diagnostics

7D

2.6%

1Y

-5.4%

LH

US$216.57

Laboratory Corporation of America Holdings

7D

3.4%

1Y

-2.4%

UNH

US$493.10

UnitedHealth Group

7D

-0.2%

1Y

5.7%

MCK

US$539.26

McKesson

7D

1.6%

1Y

51.0%

PRVA

US$19.55

Privia Health Group

7D

-6.5%

1Y

-29.6%