Elevance Health (NYSE:ELV) Has A Pretty Healthy Balance Sheet
May 11
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U.S. Healthcare Services Industry Analysis
UpdatedMay 12, 2025
DataAggregated Company Financials
Companies166
- 7D-2.4%
- 3M-10.1%
- 1Y-12.4%
- YTD-3.4%
Over the last 7 days, the Healthcare Services industry has dropped 2.4%, driven by a pullback from UnitedHealth Group of 6.0%. In contrast, Hims & Hers Health has gained 24%. However, the industry is down 12% over the past year. Looking forward, earnings are forecast to grow by 14% 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 |
|---|---|---|---|---|---|---|
| Mon, 12 May 2025 | US$950.5b | US$2.1t | US$52.6b | 20.4x | 18.1x | 0.5x |
| Wed, 09 Apr 2025 | US$1.0t | US$1.7t | US$41.6b | 23.4x | 24.4x | 0.6x |
| Fri, 07 Mar 2025 | US$982.2b | US$1.7t | US$41.4b | 24.7x | 23.7x | 0.6x |
| Sun, 02 Feb 2025 | US$1.1t | US$2.0t | US$42.5b | 23.8x | 25.9x | 0.6x |
| Tue, 31 Dec 2024 | US$1.0t | US$2.0t | US$42.3b | 21.6x | 23.9x | 0.5x |
| Thu, 28 Nov 2024 | US$1.2t | US$2.0t | US$41.4b | 24.4x | 28.2x | 0.6x |
| Sat, 26 Oct 2024 | US$1.1t | US$1.9t | US$43.7b | 23.9x | 25.8x | 0.6x |
| Mon, 23 Sep 2024 | US$1.2t | US$1.9t | US$43.3b | 25.7x | 27.6x | 0.6x |
| Wed, 21 Aug 2024 | US$1.2t | US$1.9t | US$43.2b | 26.4x | 27.8x | 0.6x |
| Fri, 19 Jul 2024 | US$1.2t | US$1.9t | US$42.6b | 26.7x | 27.7x | 0.6x |
| Sun, 16 Jun 2024 | US$1.1t | US$1.9t | US$43.4b | 26.2x | 25.2x | 0.6x |
| Tue, 14 May 2024 | US$1.1t | US$1.9t | US$43.5b | 27.1x | 25.5x | 0.6x |
| Thu, 11 Apr 2024 | US$1.1t | US$1.8t | US$49.7b | 24.9x | 21.8x | 0.6x |
| Sat, 09 Mar 2024 | US$1.1t | US$1.8t | US$51.0b | 24.2x | 21.6x | 0.6x |
| Mon, 05 Feb 2024 | US$1.1t | US$1.8t | US$50.0b | 23.4x | 22.8x | 0.6x |
| Wed, 03 Jan 2024 | US$1.2t | US$1.8t | US$50.1b | 23.7x | 23.6x | 0.7x |
| Fri, 01 Dec 2023 | US$1.1t | US$1.8t | US$51.1b | 23x | 22x | 0.6x |
| Sun, 29 Oct 2023 | US$1.1t | US$1.8t | US$46.8b | 22.1x | 23.8x | 0.6x |
| Tue, 26 Sep 2023 | US$1.1t | US$1.8t | US$46.9b | 22.3x | 24x | 0.6x |
| Thu, 24 Aug 2023 | US$1.1t | US$1.8t | US$46.7b | 21.7x | 23.5x | 0.6x |
| Sat, 22 Jul 2023 | US$1.1t | US$1.7t | US$46.7b | 24x | 24.6x | 0.7x |
| Mon, 19 Jun 2023 | US$1.1t | US$1.7t | US$45.7b | 22.7x | 23.3x | 0.6x |
| Wed, 17 May 2023 | US$1.1t | US$1.7t | US$45.7b | 21.9x | 23.7x | 0.6x |
| Fri, 14 Apr 2023 | US$1.1t | US$1.4t | US$43.6b | 23.8x | 25.9x | 0.8x |
| Sun, 12 Mar 2023 | US$1.0t | US$1.4t | US$44.2b | 21.3x | 23.4x | 0.7x |
| Tue, 07 Feb 2023 | US$1.1t | US$1.4t | US$44.3b | 20.8x | 24.8x | 0.8x |
| Thu, 05 Jan 2023 | US$1.1t | US$1.4t | US$44.4b | 21.8x | 25.7x | 0.8x |
| Sat, 03 Dec 2022 | US$1.2t | US$1.4t | US$44.4b | 20.8x | 27.5x | 0.9x |
| Mon, 31 Oct 2022 | US$1.2t | US$1.4t | US$46.5b | 19.6x | 26.7x | 0.9x |
| Wed, 28 Sep 2022 | US$1.1t | US$1.4t | US$46.1b | 18.4x | 24.6x | 0.8x |
| Fri, 26 Aug 2022 | US$1.2t | US$1.4t | US$46.1b | 19.7x | 26.4x | 0.9x |
| Sun, 24 Jul 2022 | US$1.2t | US$1.6t | US$50.7b | 20.1x | 23.7x | 0.8x |
| Tue, 21 Jun 2022 | US$1.1t | US$1.6t | US$50.7b | 17.9x | 21.1x | 0.7x |
| Thu, 19 May 2022 | US$1.2t | US$1.6t | US$50.7b | 18.4x | 23.1x | 0.7x |
Price to Earnings Ratio
23.1x
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 18.1x which is lower than its 3-year average PE of 24.6x.
- 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 | 0.30% | |
| Healthcare | -4.12% | |
| Healthcare Services | -2.37% | |
| Healthcare Facilities | 1.22% | |
| Healthcare Services | 0.65% | |
| Healthcare Distributors | -2.49% | |
| Managed Healthcare | -4.34% | |
Industry PE
- Investors are most optimistic about the Healthcare Distributors industry, which is trading close to its 3-year average PE ratio of 35.8x.
- Analysts are expecting annual earnings growth of 15.3%, which is higher than its past year's earnings decline of 1.9% per year.
- Investors are most pessimistic about the Healthcare Facilities industry, which is trading below its 3-year average of 21.2x.
Forecasted Growth
- Analysts are most optimistic on the Healthcare Services industry, expecting annual earnings growth of 17% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Managed Healthcare industry is expected to see its earnings grow by 12% 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 | |
|---|---|---|---|---|---|
| HIMS Hims & Hers Health | US$51.96 | 24.1% +US$2.3b | 303.1% | PE70.7x | |
| CNC Centene | US$62.79 | 5.0% +US$1.5b | -18.6% | PE9x | |
| HCA HCA Healthcare | US$353.70 | 1.2% +US$1.0b | 11.5% | PE14.7x | |
| BTSG BrightSpring Health Services | US$22.82 | 7.9% +US$291.0m | 103.0% | PE84.5x | |
| ENSG Ensign Group | US$136.68 | 3.7% +US$279.6m | 16.1% | PE25.2x |
