Elevance Health's (NYSE:ELV) Returns On Capital Are Heading Higher
May 27
U.S. Healthcare Services Industry Analysis
UpdatedMay 28, 2024
DataAggregated Company Financials
Companies163
- 7D-2.0%
- 3M-3.8%
- 1Y5.5%
- YTD-4.9%
Over the last 7 days, the Healthcare Services industry has dropped 2.0%, driven by UnitedHealth Group declining 1.8%. On the other hand agilon health is actually up 14%. This takes the industry's 12 month performance to a gain of 5.5%. Looking forward, earnings are forecast to grow by 17% annually.
Industry Valuation and Performance
Has the U.S. Healthcare Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 28 May 2024 | US$1.1t | US$1.9t | US$43.3b | 26.5x | 25.2x | 0.6x |
| Thu, 25 Apr 2024 | US$1.1t | US$1.9t | US$42.5b | 25.9x | 26x | 0.6x |
| Sat, 23 Mar 2024 | US$1.1t | US$1.8t | US$49.6b | 24.2x | 22.7x | 0.6x |
| Mon, 19 Feb 2024 | US$1.1t | US$1.8t | US$49.9b | 24x | 23x | 0.6x |
| Wed, 17 Jan 2024 | US$1.2t | US$1.8t | US$50.8b | 24.5x | 22.7x | 0.6x |
| Fri, 15 Dec 2023 | US$1.2t | US$1.8t | US$51.2b | 22.9x | 23.1x | 0.7x |
| Sun, 12 Nov 2023 | US$1.1t | US$1.8t | US$51.2b | 21.7x | 22.3x | 0.6x |
| Tue, 10 Oct 2023 | US$1.1t | US$1.8t | US$46.9b | 22.6x | 24.1x | 0.6x |
| Thu, 07 Sep 2023 | US$1.1t | US$1.8t | US$46.7b | 22.1x | 22.9x | 0.6x |
| Sat, 05 Aug 2023 | US$1.1t | US$1.8t | US$46.4b | 22.1x | 24.4x | 0.6x |
| Mon, 03 Jul 2023 | US$1.1t | US$1.7t | US$46.1b | 23.6x | 23.9x | 0.6x |
| Wed, 31 May 2023 | US$1.1t | US$1.7t | US$45.7b | 21.7x | 23.3x | 0.6x |
| Fri, 28 Apr 2023 | US$1.1t | US$1.4t | US$44.7b | 22.9x | 24x | 0.8x |
| Sun, 26 Mar 2023 | US$1.0t | US$1.4t | US$44.4b | 22.1x | 23.5x | 0.7x |
| Tue, 21 Feb 2023 | US$1.1t | US$1.4t | US$43.5b | 22.5x | 26.2x | 0.8x |
| Thu, 19 Jan 2023 | US$1.1t | US$1.4t | US$45.0b | 21.1x | 24.6x | 0.8x |
| Sat, 17 Dec 2022 | US$1.2t | US$1.4t | US$44.4b | 21.4x | 26.5x | 0.8x |
| Mon, 14 Nov 2022 | US$1.2t | US$1.4t | US$44.5b | 20.1x | 26.4x | 0.8x |
| Wed, 12 Oct 2022 | US$1.1t | US$1.4t | US$46.1b | 19.1x | 24.4x | 0.8x |
| Fri, 09 Sep 2022 | US$1.2t | US$1.4t | US$46.1b | 19.4x | 26.1x | 0.9x |
| Sun, 07 Aug 2022 | US$1.2t | US$1.4t | US$48.8b | 19.8x | 24.7x | 0.9x |
| Tue, 05 Jul 2022 | US$1.2t | US$1.6t | US$50.5b | 18.8x | 23.4x | 0.8x |
| Thu, 02 Jun 2022 | US$1.2t | US$1.6t | US$50.7b | 19.7x | 22.9x | 0.7x |
| Sat, 30 Apr 2022 | US$1.2t | US$1.5t | US$49.1b | 19.5x | 23.7x | 0.8x |
| Mon, 28 Mar 2022 | US$1.2t | US$1.5t | US$49.2b | 19.4x | 24.7x | 0.8x |
| Wed, 23 Feb 2022 | US$1.1t | US$1.5t | US$49.6b | 18.5x | 22.6x | 0.8x |
| Fri, 21 Jan 2022 | US$1.1t | US$1.4t | US$51.9b | 20.3x | 21.6x | 0.8x |
| Sun, 19 Dec 2021 | US$1.2t | US$1.4t | US$50.1b | 22.2x | 23.6x | 0.8x |
| Tue, 16 Nov 2021 | US$1.1t | US$1.4t | US$50.1b | 21.1x | 22.9x | 0.8x |
| Thu, 14 Oct 2021 | US$1.0t | US$1.4t | US$46.1b | 21.2x | 22.5x | 0.7x |
| Sat, 11 Sep 2021 | US$1.1t | US$1.4t | US$46.3b | 18.6x | 23x | 0.8x |
| Mon, 09 Aug 2021 | US$1.1t | US$1.4t | US$46.5b | 21x | 23.4x | 0.8x |
Price to Earnings Ratio
23.2x
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 23.9x.
- The industry is trading close to its 3-year average PS ratio of 0.73x.
Past Earnings Growth
- The earnings for companies in the Healthcare industry have declined 3.9% per year over the last three years.
- Meanwhile revenues for these companies have grown 5.6% 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 Market | -0.33% | |
| Healthcare | -1.12% | |
| Healthcare Services | -1.98% | |
| Healthcare Facilities | -1.08% | |
| Healthcare Distributors | -1.20% | |
| Healthcare Services | -1.69% | |
| Managed Healthcare | -2.24% | |
Industry PE
- Investors are most optimistic about the Healthcare Distributors industry which is trading above its 3-year average PE ratio of 25.5x.
- Analysts are expecting annual earnings growth of 17.6%, which is higher than its past year's earnings decline of 1.3% per year.
- Investors are most pessimistic about the Healthcare Facilities industry, which is trading below its 3-year average of 23.4x.
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 15% per year.
- In contrast, the Healthcare Facilities industry is expected to see its earnings grow by 8.8% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| AGL agilon health | US$6.09 | 13.6% +US$300.2m | -69.9% | PS0.5x | |
| PACS PACS Group | US$30.03 | 5.2% +US$225.6m | n/a | PE36.8x | |
| PRVA Privia Health Group | US$17.31 | 7.6% +US$145.6m | -29.3% | PE110.2x | |
| RCM R1 RCM | US$12.48 | 2.0% +US$101.1m | -22.3% | PS2.3x | |
| GH Guardant Health | US$25.52 | 3.0% +US$91.8m | -9.1% | PS5.2x |
