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U.S. Healthcare Services Industry Analysis

UpdatedMay 27, 2026
DataAggregated Company Financials
Companies165
  • 7D-2.3%
  • 3M13.6%
  • 1Y13.3%
  • YTD6.5%

Over the last 7 days, the Healthcare Services industry has dropped 2.3%, driven by UnitedHealth Group declining 3.2%. On the other hand Guardant Health is actually up 22%. Over the past 12 months, the industry was up 13%. Looking forward, earnings are forecast to grow by 18% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 27 May 2026US$988.8bUS$2.2tUS$29.9b24.1x33x0.4x
Fri, 24 Apr 2026US$899.1bUS$2.2tUS$27.3b24.1x32.9x0.4x
Sun, 22 Mar 2026US$796.6bUS$2.2tUS$27.9b21.2x28.5x0.4x
Tue, 17 Feb 2026US$869.1bUS$2.2tUS$28.8b23.6x30.2x0.4x
Thu, 15 Jan 2026US$914.1bUS$2.1tUS$34.8b23.2x26.2x0.4x
Sat, 13 Dec 2025US$915.2bUS$2.1tUS$34.8b23.7x26.3x0.4x
Mon, 10 Nov 2025US$884.7bUS$2.1tUS$34.7b21.5x25.5x0.4x
Wed, 08 Oct 2025US$926.5bUS$2.1tUS$49.3b21.6x18.8x0.4x
Fri, 05 Sep 2025US$860.1bUS$2.1tUS$49.3b21.1x17.4x0.4x
Sun, 03 Aug 2025US$736.8bUS$2.1tUS$49.2b19.7x15x0.4x
Tue, 01 Jul 2025US$887.9bUS$2.1tUS$52.7b22x16.8x0.4x
Thu, 29 May 2025US$859.1bUS$2.1tUS$52.5b19.4x16.3x0.4x
Sat, 26 Apr 2025US$931.4bUS$1.7tUS$49.4b23.8x18.8x0.5x
Mon, 24 Mar 2025US$1.0tUS$1.7tUS$41.5b23.3x24.6x0.6x
Wed, 19 Feb 2025US$1.0tUS$1.7tUS$41.2b23.6x25x0.6x
Fri, 17 Jan 2025US$1.1tUS$2.0tUS$42.3b22.8x25.3x0.5x
Sun, 15 Dec 2024US$1.0tUS$2.0tUS$41.4b22.9x25.2x0.5x
Tue, 12 Nov 2024US$1.2tUS$2.0tUS$41.4b24.8x28.5x0.6x
Thu, 10 Oct 2024US$1.2tUS$1.9tUS$43.4b24.5x27.1x0.6x
Sat, 07 Sep 2024US$1.2tUS$1.9tUS$43.3b26.6x28x0.6x
Mon, 05 Aug 2024US$1.2tUS$1.9tUS$43.1b27x28x0.6x
Wed, 03 Jul 2024US$1.1tUS$1.9tUS$43.4b24.6x25x0.6x
Fri, 31 May 2024US$1.1tUS$1.9tUS$43.3b26x24.5x0.6x
Sun, 28 Apr 2024US$1.1tUS$1.9tUS$42.7b25.9x25.9x0.6x
Tue, 26 Mar 2024US$1.1tUS$1.8tUS$49.6b24.2x22.7x0.6x
Thu, 22 Feb 2024US$1.1tUS$1.8tUS$49.8b24.9x23x0.6x
Sat, 20 Jan 2024US$1.1tUS$1.8tUS$50.8b23.9x22.1x0.6x
Mon, 18 Dec 2023US$1.1tUS$1.8tUS$51.2b22.7x22.4x0.6x
Wed, 15 Nov 2023US$1.2tUS$1.8tUS$51.2b22.4x22.6x0.6x
Fri, 13 Oct 2023US$1.1tUS$1.8tUS$46.9b22.7x24.1x0.6x
Sun, 10 Sep 2023US$1.1tUS$1.8tUS$46.8b22.3x23x0.6x
Tue, 08 Aug 2023US$1.1tUS$1.8tUS$46.4b22.5x24.7x0.7x
Thu, 06 Jul 2023US$1.1tUS$1.7tUS$46.1b23.3x23.6x0.6x
Sat, 03 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 33.0x 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 Market2.46%
Healthcare1.39%
Healthcare Services-2.31%
Healthcare Distributors1.58%
Healthcare Services-1.52%
Healthcare Facilities-2.89%
Managed Healthcare-3.17%
Industry PE
  • Investors are most optimistic about the Managed Healthcare industry which is trading above its 3-year average PE ratio of 23.0x.
    • Analysts are expecting annual earnings growth of 19.2%, 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 8.1% 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$119.8522.1%
+US$2.9b		206.0%PS14.7x
COR CencoraUS$270.781.7%
+US$896.9m		-7.7%PE20.7x
BTSG BrightSpring Health ServicesUS$60.326.3%
+US$740.3m		158.0%PE72.5x
LH Labcorp HoldingsUS$258.451.9%
+US$390.3m		4.3%PE22.5x
PACS PACS GroupUS$38.875.9%
+US$340.3m		280.3%PE25.2x

Latest News

CVS
US$90.73
CVS Health
7D
-3.7%
1Y
47.9%
CNC
US$57.21
Centene
7D
-3.3%
1Y
-0.8%
HIMS
US$23.85
Hims & Hers Health
7D
6.3%
1Y
-55.3%
THC
US$176.38
Tenet Healthcare
7D
-7.8%
1Y
6.8%
Seeking Alpha • 16h

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
HUM
US$301.69
Humana
7D
-2.9%
1Y
33.1%
BTSG
US$60.32
BrightSpring Health Services
7D
6.3%
1Y
158.0%
DGX
US$192.88
Quest Diagnostics
7D
1.3%
1Y
11.1%
GH
US$119.85
Guardant Health
7D
22.1%
1Y
206.0%
WGS
US$49.44
GeneDx Holdings
7D
17.4%
1Y
-29.4%
ELV
US$387.85
Elevance Health
7D
-3.6%
1Y
3.2%
HCA
US$392.42
HCA Healthcare
7D
-3.0%
1Y
3.6%
LH
US$258.45
Labcorp Holdings
7D
1.9%
1Y
4.3%
CI
US$280.83
Cigna Group
7D
-3.6%
1Y
-10.9%
COR
US$270.78
Cencora
7D
1.7%
1Y
-7.7%
UNH
US$376.86
UnitedHealth Group
7D
-3.2%
1Y
27.7%
PACS
US$38.87
PACS Group
7D
5.9%
1Y
280.3%