What You Can Learn From Hims & Hers Health, Inc.'s (NYSE:HIMS) P/S After Its 26% Share Price Crash
Jul 22
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U.S. Healthcare Services Industry Analysis
UpdatedJul 22, 2025
DataAggregated Company Financials
Companies165
- 7D-6.0%
- 3M-19.9%
- 1Y-30.6%
- YTD-20.5%
Over the last 7 days, the Healthcare Services industry has dropped 6.0%, driven by declines in UnitedHealth Group and Elevance Health of 6.1% and 19%, respectively. However, the industry is down 31% over the past year. Looking forward, earnings are forecast to grow by 13% 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, 22 Jul 2025 | US$788.0b | US$2.1t | US$52.2b | 20.7x | 15.1x | 0.4x |
| Thu, 19 Jun 2025 | US$876.1b | US$2.1t | US$52.7b | 21.8x | 16.6x | 0.4x |
| Sat, 17 May 2025 | US$839.6b | US$2.1t | US$52.4b | 21.5x | 16x | 0.4x |
| Mon, 14 Apr 2025 | US$1.1t | US$1.7t | US$41.8b | 23.2x | 26.5x | 0.7x |
| Wed, 12 Mar 2025 | US$986.9b | US$1.7t | US$41.4b | 23.9x | 23.8x | 0.6x |
| Fri, 07 Feb 2025 | US$1.0t | US$1.7t | US$41.5b | 23.6x | 25.3x | 0.6x |
| Sun, 05 Jan 2025 | US$1.0t | US$2.0t | US$42.3b | 23.3x | 24.1x | 0.5x |
| Tue, 03 Dec 2024 | US$1.2t | US$2.0t | US$41.4b | 24.6x | 28.3x | 0.6x |
| Thu, 31 Oct 2024 | US$1.1t | US$1.9t | US$44.1b | 24.2x | 25.4x | 0.6x |
| Sat, 28 Sep 2024 | US$1.2t | US$1.9t | US$43.3b | 25.8x | 27.5x | 0.6x |
| Mon, 26 Aug 2024 | US$1.2t | US$1.9t | US$43.3b | 26.7x | 28.1x | 0.6x |
| Wed, 24 Jul 2024 | US$1.2t | US$1.9t | US$42.6b | 27.3x | 27x | 0.6x |
| Fri, 21 Jun 2024 | US$1.1t | US$1.9t | US$43.4b | 25.1x | 24.9x | 0.6x |
| Sun, 19 May 2024 | US$1.1t | US$1.9t | US$43.5b | 26.6x | 25.9x | 0.6x |
| Tue, 16 Apr 2024 | US$1.0t | US$1.8t | US$49.7b | 24.9x | 21x | 0.6x |
| Thu, 14 Mar 2024 | US$1.1t | US$1.8t | US$50.1b | 24.2x | 22.3x | 0.6x |
| Sat, 10 Feb 2024 | US$1.1t | US$1.8t | US$50.4b | 22.5x | 22.6x | 0.6x |
| Mon, 08 Jan 2024 | US$1.2t | US$1.8t | US$50.1b | 23.9x | 23.5x | 0.7x |
| Wed, 06 Dec 2023 | US$1.2t | US$1.8t | US$51.1b | 23.1x | 22.6x | 0.6x |
| Fri, 03 Nov 2023 | US$1.1t | US$1.8t | US$50.8b | 21.6x | 22.3x | 0.6x |
| Sun, 01 Oct 2023 | US$1.1t | US$1.8t | US$46.8b | 22.2x | 23.5x | 0.6x |
| Tue, 29 Aug 2023 | US$1.1t | US$1.8t | US$46.7b | 21.9x | 23.4x | 0.6x |
| Thu, 27 Jul 2023 | US$1.1t | US$1.7t | US$46.7b | 23.6x | 24.4x | 0.7x |
| Sat, 24 Jun 2023 | US$1.1t | US$1.7t | US$45.8b | 23x | 23.8x | 0.6x |
| Mon, 22 May 2023 | US$1.1t | US$1.7t | US$45.7b | 22x | 23.8x | 0.6x |
| Wed, 19 Apr 2023 | US$1.1t | US$1.4t | US$44.1b | 23.2x | 24.9x | 0.8x |
| Fri, 17 Mar 2023 | US$1.1t | US$1.4t | US$44.0b | 21.9x | 23.9x | 0.7x |
| Sun, 12 Feb 2023 | US$1.1t | US$1.4t | US$44.2b | 22.2x | 25.5x | 0.8x |
| Tue, 10 Jan 2023 | US$1.1t | US$1.4t | US$44.4b | 21x | 25.2x | 0.8x |
| Thu, 08 Dec 2022 | US$1.2t | US$1.4t | US$44.4b | 20.8x | 27.6x | 0.9x |
| Sat, 05 Nov 2022 | US$1.2t | US$1.1t | US$42.1b | 20.1x | 28.7x | 1.1x |
| Mon, 03 Oct 2022 | US$1.1t | US$1.4t | US$46.1b | 19x | 24.6x | 0.8x |
| Wed, 31 Aug 2022 | US$1.2t | US$1.4t | US$46.1b | 19.3x | 25.7x | 0.9x |
| Fri, 29 Jul 2022 | US$1.2t | US$1.6t | US$50.9b | 19.9x | 24x | 0.8x |
Price to Earnings Ratio
24x
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 15.1x which is lower than its 3-year average PE of 24.2x.
- The industry is trading close to its 3-year average PS ratio of 0.65x.
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 8.9% 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 | 0.78% | |
| Healthcare | -2.89% | |
| Healthcare Services | -5.96% | |
| Healthcare Distributors | -1.35% | |
| Healthcare Services | -3.30% | |
| Healthcare Facilities | -5.81% | |
| Managed Healthcare | -8.54% | |
Industry PE
- Investors are most optimistic about the Healthcare Distributors industry, which is trading close to its 3-year average PE ratio of 37.1x.
- 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 Managed Healthcare industry, which is trading below its 3-year average of 23.1x.
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 8.9% per year.
- In contrast, the Managed Healthcare industry is expected to see its earnings grow by 9.5% 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 | |
|---|---|---|---|---|---|
| RDNT RadNet | US$57.94 | 4.5% +US$186.1m | -10.9% | PS2.3x | |
| AHG Akso Health Group | US$2.03 | 22.7% +US$135.1m | 91.9% | PS86.3x | |
| CLOV Clover Health Investments | US$3.11 | 3.7% +US$56.0m | 85.1% | PS1.1x | |
| MCK McKesson | US$711.21 | 0.05% +US$48.8m | 21.4% | PE27x | |
| OPK OPKO Health | US$1.40 | 4.5% +US$47.6m | -4.1% | PS1.6x |