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U.S. Healthcare Services Industry Analysis

UpdatedMay 22, 2025
DataAggregated Company Financials
Companies162
  • 7D1.5%
  • 3M-17.1%
  • 1Y-20.7%
  • YTD-11.7%

In the last week, the Healthcare Services industry is up 1.5%, with Elevance Health up 6.9%. In the past year, the industry is down 21%. As for the next few years, earnings are expected to grow by 14% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 22 May 2025US$906.1bUS$2.1tUS$52.4b21.3x17.3x0.4x
Sat, 19 Apr 2025US$956.8bUS$1.7tUS$49.4b23.1x19.4x0.6x
Mon, 17 Mar 2025US$988.4bUS$1.7tUS$41.4b23.2x23.8x0.6x
Wed, 12 Feb 2025US$1.0tUS$1.7tUS$41.4b23.9x24.8x0.6x
Fri, 10 Jan 2025US$1.0tUS$2.0tUS$42.3b23.8x24.6x0.5x
Sun, 08 Dec 2024US$1.1tUS$2.0tUS$41.4b23.9x26.3x0.6x
Tue, 05 Nov 2024US$1.1tUS$1.9tUS$43.5b24x25.9x0.6x
Thu, 03 Oct 2024US$1.2tUS$1.9tUS$43.3b25.1x27.8x0.6x
Sat, 31 Aug 2024US$1.2tUS$1.9tUS$43.3b26.6x28.3x0.6x
Mon, 29 Jul 2024US$1.2tUS$1.9tUS$43.3b27.2x27.5x0.6x
Wed, 26 Jun 2024US$1.1tUS$1.9tUS$43.4b25.3x25.3x0.6x
Fri, 24 May 2024US$1.1tUS$1.9tUS$43.5b26.5x25.7x0.6x
Sun, 21 Apr 2024US$1.1tUS$1.9tUS$43.0b25.9x25.9x0.6x
Tue, 19 Mar 2024US$1.1tUS$1.8tUS$50.1b24.2x22.3x0.6x
Thu, 15 Feb 2024US$1.1tUS$1.8tUS$50.5b23.7x22.5x0.6x
Sat, 13 Jan 2024US$1.2tUS$1.8tUS$50.8b24x22.7x0.6x
Mon, 11 Dec 2023US$1.2tUS$1.8tUS$51.2b23x22.6x0.6x
Wed, 08 Nov 2023US$1.2tUS$1.8tUS$50.7b21.9x22.9x0.6x
Fri, 06 Oct 2023US$1.1tUS$1.8tUS$46.9b22.3x23.7x0.6x
Sun, 03 Sep 2023US$1.1tUS$1.8tUS$46.7b22.2x23x0.6x
Tue, 01 Aug 2023US$1.1tUS$1.7tUS$47.9b22.9x23.8x0.7x
Thu, 29 Jun 2023US$1.1tUS$1.7tUS$45.8b23.4x23.8x0.6x
Sat, 27 May 2023US$1.1tUS$1.7tUS$45.7b21.6x23.5x0.6x
Mon, 24 Apr 2023US$1.1tUS$1.4tUS$44.3b24x23.9x0.7x
Wed, 22 Mar 2023US$1.1tUS$1.4tUS$44.4b22.3x24x0.7x
Fri, 17 Feb 2023US$1.1tUS$1.4tUS$44.2b22.4x25.4x0.8x
Sun, 15 Jan 2023US$1.1tUS$1.4tUS$45.0b21.4x25.2x0.8x
Tue, 13 Dec 2022US$1.2tUS$1.4tUS$44.4b20.9x27.7x0.9x
Thu, 10 Nov 2022US$1.2tUS$1.4tUS$44.5b20x27.1x0.9x
Sat, 08 Oct 2022US$1.1tUS$1.4tUS$46.1b19x24.6x0.8x
Mon, 05 Sep 2022US$1.2tUS$1.4tUS$46.1b18.9x25.5x0.8x
Wed, 03 Aug 2022US$1.2tUS$1.6tUS$50.9b19.5x24.1x0.8x
Fri, 01 Jul 2022US$1.2tUS$1.6tUS$50.8b18.4x23x0.7x
Sun, 29 May 2022US$1.2tUS$1.6tUS$50.7b20.1x23.8x0.8x
Price to Earnings Ratio

23.8x


Total Market Cap: US$1.2tTotal Earnings: US$50.7bTotal Revenue: US$1.6tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Healthcare Services Industry Price to Earnings3Y Average 24.5x202320242025
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 17.3x which is lower than its 3-year average PE of 24.5x.
  • The industry is trading close to its 3-year average PS ratio of 0.67x.
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 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 and as a result, profits have held steady.

Industry Trends

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

US Market-1.15%
Healthcare1.78%
Healthcare Services1.49%
Healthcare Distributors4.06%
Healthcare Services2.13%
Managed Healthcare0.92%
Healthcare Facilities0.29%
Industry PE
  • Investors are most optimistic about the Healthcare Distributors industry, which is trading close to its 3-year average PE ratio of 36.0x.
    • Analysts are expecting annual earnings growth of 14.7%, which is higher than its past year's earnings decline of 1.9% per year.
  • Investors are most pessimistic about the Managed Healthcare industry, which is trading below its 3-year average of 23.8x.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare Services industry, expecting annual earnings growth of 18% over the next 5 years.
  • This is better than its past earnings growth rate of 13% 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
ELV Elevance HealthUS$400.126.9%
+US$5.8b		-27.0%PE15.3x
MCK McKessonUS$718.735.3%
+US$4.6b		28.9%PE27.3x
CI Cigna GroupUS$317.094.5%
+US$3.7b		-5.8%PE16.8x
HCA HCA HealthcareUS$381.813.9%
+US$3.4b		19.9%PE15.9x
CVS CVS HealthUS$62.113.4%
+US$2.6b		8.1%PE14.9x
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GH

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Guardant Health

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-8.9%

1Y

64.8%

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US$58.00

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COR

US$291.36

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7D

4.4%

1Y

34.4%

HUM

US$245.77

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7D

6.6%

1Y

-31.1%

UNH

US$302.98

UnitedHealth Group

7D

-1.6%

1Y

-41.9%

DGX

US$170.48

Quest Diagnostics

7D

-1.2%

1Y

20.2%

PACS

US$9.88

PACS Group

7D

-9.6%

1Y

-64.3%

HCA

US$381.81

HCA Healthcare

7D

3.9%

1Y

19.9%

RDNT

US$58.06

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7D

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1Y

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ACHC

US$23.51

Acadia Healthcare Company

7D

-8.6%

1Y

-64.5%

ELV

US$400.12

Elevance Health

7D

6.9%

1Y

-27.0%

CVS

US$62.11

CVS Health

7D

3.4%

1Y

8.1%

MCK

US$718.73

McKesson

7D

5.3%

1Y

28.9%

CAH

US$153.31

Cardinal Health

7D

3.3%

1Y

59.2%

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US$2.35

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7D

-12.0%

1Y

-60.8%

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CI

US$317.09

Cigna Group

7D

4.5%

1Y

-5.8%

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