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U.S. Healthcare Services Industry Analysis

UpdatedMay 29, 2026
DataAggregated Company Financials
Companies165
  • 7D0.5%
  • 3M12.8%
  • 1Y14.5%
  • YTD8.0%

Over the last 7 days, the Healthcare Services industry has remained flat, although notably Guardant Health gained 13%. As for the the longer term, the industry is up 15% over the past 12 months. Looking forward, earnings are forecast to grow by 19% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 29 May 2026US$981.7bUS$2.2tUS$29.9b23.2x32.8x0.4x
Sun, 26 Apr 2026US$906.8bUS$2.2tUS$27.3b24.3x33.2x0.4x
Tue, 24 Mar 2026US$796.9bUS$2.2tUS$27.9b21.5x28.5x0.4x
Thu, 19 Feb 2026US$864.7bUS$2.2tUS$28.8b23.5x30x0.4x
Sat, 17 Jan 2026US$932.4bUS$2.1tUS$34.8b23.5x26.8x0.4x
Mon, 15 Dec 2025US$919.5bUS$2.1tUS$34.8b23.7x26.4x0.4x
Wed, 12 Nov 2025US$873.3bUS$2.1tUS$34.8b21.9x25.1x0.4x
Fri, 10 Oct 2025US$1.0tUS$2.1tUS$49.3b21.5x20.8x0.5x
Sun, 07 Sep 2025US$861.2bUS$2.1tUS$49.3b21.6x17.5x0.4x
Tue, 05 Aug 2025US$737.1bUS$2.1tUS$49.2b20x15x0.4x
Thu, 03 Jul 2025US$912.5bUS$2.1tUS$52.7b22.2x17.3x0.4x
Sat, 31 May 2025US$861.1bUS$2.1tUS$52.5b21.2x16.4x0.4x
Mon, 28 Apr 2025US$922.3bUS$1.7tUS$49.6b23.8x18.6x0.5x
Wed, 26 Mar 2025US$1.0tUS$1.7tUS$41.5b24x24.8x0.6x
Fri, 21 Feb 2025US$1.0tUS$1.7tUS$41.3b24.3x24.9x0.6x
Sun, 19 Jan 2025US$1.0tUS$2.0tUS$42.3b23x24.6x0.5x
Tue, 17 Dec 2024US$1.0tUS$2.0tUS$41.4b22.8x25.2x0.5x
Thu, 14 Nov 2024US$1.2tUS$2.0tUS$41.4b24.8x28.5x0.6x
Sat, 12 Oct 2024US$1.2tUS$1.9tUS$43.4b24.7x27.6x0.6x
Mon, 09 Sep 2024US$1.2tUS$1.9tUS$43.3b26.6x28x0.6x
Wed, 07 Aug 2024US$1.2tUS$1.9tUS$43.3b27.2x27.1x0.6x
Fri, 05 Jul 2024US$1.1tUS$1.9tUS$43.4b24.8x24.8x0.6x
Sun, 02 Jun 2024US$1.1tUS$1.9tUS$43.3b27x25.3x0.6x
Tue, 30 Apr 2024US$1.1tUS$1.9tUS$42.7b26x25.9x0.6x
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
Price to Earnings Ratio

24.4x


Total Market Cap: US$1.1tTotal Earnings: US$45.7bTotal Revenue: US$1.7tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Healthcare Services Industry Price to Earnings3Y Average 24.1x202420252026
Current Industry PE
  • Investors are optimistic on the American Healthcare industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 32.8x which is higher than its 3-year average PE of 24.1x.
  • The industry is trading close to its 3-year average PS ratio of 0.54x.
Past Earnings Growth
  • The earnings for companies in the Healthcare industry have declined 13% per year over the last three years.
  • Meanwhile revenues for these companies have grown 9.3% 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, which has decreased profits.

Industry Trends

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

US Market1.83%
Healthcare1.81%
Healthcare Services0.55%
Healthcare Distributors1.20%
Healthcare Services1.10%
Managed Healthcare0.43%
Healthcare Facilities-1.69%
Industry PE
  • Investors are most optimistic about the Managed Healthcare industry which is trading above its 3-year average PE ratio of 23.1x.
    • Analysts are expecting annual earnings growth of 19.4%, which is higher than its past year's earnings decline of 11.4% per year.
  • Investors are most pessimistic about the Healthcare Facilities industry, which is trading close to its 3-year average of 19.6x.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare Services industry, expecting annual earnings growth of 20% over the next 5 years.
  • This is better than its past earnings growth rate of 16% per year.
  • In contrast, the Healthcare Distributors industry is expected to see its earnings grow by 8.2% 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
GH Guardant HealthUS$133.2212.9%
+US$2.0b		245.6%PS16.4x
ELV Elevance HealthUS$392.750.8%
+US$636.3m		3.2%PE16.3x
CI Cigna GroupUS$284.330.8%
+US$611.1m		-8.9%PE12x
HUM HumanaUS$308.701.7%
+US$602.7m		34.2%PE32.8x
BTSG BrightSpring Health ServicesUS$60.834.9%
+US$584.1m		160.0%PE73.1x

Latest News

GH
US$133.22
Guardant Health
7D
12.9%
1Y
245.6%
CVS
US$92.97
CVS Health
7D
-0.4%
1Y
48.1%
UHS
US$150.12
Universal Health Services
7D
-7.6%
1Y
-21.4%
LH
US$262.75
Labcorp Holdings
7D
2.7%
1Y
6.5%
MCK
US$756.98
McKesson
7D
-1.2%
1Y
6.2%
HCA
US$384.39
HCA Healthcare
7D
-2.1%
1Y
1.5%
CI
US$284.33
Cigna Group
7D
0.8%
1Y
-8.9%
HUM
US$308.70
Humana
7D
1.7%
1Y
34.2%
CNC
US$58.91
Centene
7D
2.0%
1Y
4.2%
THC
US$173.20
Tenet Healthcare
7D
-2.7%
1Y
4.2%
Seeking Alpha • May 26

Tenet Healthcare Corporation's Regulatory Woes Don't Put It In The ER

Summary Tenet Healthcare Corporation remains a compelling Buy, supported by strong financial performance and deeply discounted valuation versus peers. Despite a recent 22.7% stock decline and regulatory headwinds, THC’s Ambulatory Care segment shows resilience, with revenue up from $1.19B to $1.32B and profit growth. Management guides for 2026 revenue of $21.5B–$22.3B, EBITDA of $4.485B–$4.785B, and adjusted net profits of $1.425B–$1.625B. Regulatory risk from proposed Medicaid payment reforms could pressure Hospital Operations, but THC’s valuation provides a margin of safety for continued bullishness. Read the full article on Seeking Alpha
BTSG
US$60.83
BrightSpring Health Services
7D
4.9%
1Y
160.0%
ELV
US$392.75
Elevance Health
7D
0.8%
1Y
3.2%
NHC
US$184.84
National HealthCare
7D
-5.7%
1Y
76.5%
CAH
US$199.85
Cardinal Health
7D
-0.4%
1Y
29.8%
BLLN
US$97.80
BillionToOne
7D
13.5%
1Y
n/a
Seeking Alpha • May 20

BillionToOne - Starting 2026 Strong

Summary BillionToOne delivered 84% YoY Q1 sales growth, driven by prenatal and oncology clinical testing segments. BillionToOne raised full-year revenue guidance to $450–$465 million, reflecting strong demand, pricing, and volume momentum. GAAP operating profit reached $17.8 million, demonstrating operating leverage and margin expansion amid declining pricing pressure. New product launches like Unity Confirm and oncology diversification reinforce BillionToOne's platform superiority and support a positive growth outlook. Read the full article on Seeking Alpha
MOH
US$178.02
Molina Healthcare
7D
-1.8%
1Y
-41.4%
Narrative Update • May 19

MOH: Persistent Medicaid Acuity Pressure Will Constrain Future Earnings Quality

Analysts have adjusted the fair value estimate for Molina Healthcare to $129 from $109, reflecting updated assumptions for revenue growth, profit margins, and a higher future P/E multiple that align with recent price target revisions and rating changes across the Street. Analyst Commentary Recent Street research on Molina Healthcare shows a split view, with some firms raising price targets while others reset expectations after recent earnings and guidance updates.