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U.S. Healthcare Services Industry Analysis

UpdatedAug 18, 2025
DataAggregated Company Financials
Companies159
  • 7D9.6%
  • 3M-7.8%
  • 1Y-28.3%
  • YTD-14.5%

Over the last 7 days, the Healthcare Services industry has risen 9.6%, driven by gains from UnitedHealth Group of 20%. Meanwhile, Cardinal Health actually underperformed within the industry, shrinking 5.1% in the last week. In contrast, the industry has lost 28% in the last 12 months. 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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 18 Aug 2025US$840.3bUS$2.1tUS$49.3b21.1x17.1x0.4x
Wed, 16 Jul 2025US$835.7bUS$2.1tUS$52.7b20.9x15.9x0.4x
Fri, 13 Jun 2025US$875.7bUS$2.1tUS$52.5b20.7x16.7x0.4x
Sun, 11 May 2025US$950.6bUS$2.1tUS$52.6b20.4x18.1x0.5x
Tue, 08 Apr 2025US$1.0tUS$1.7tUS$41.6b23.2x24.6x0.6x
Thu, 06 Mar 2025US$975.8bUS$1.7tUS$41.4b24.7x23.6x0.6x
Sat, 01 Feb 2025US$1.1tUS$2.0tUS$42.5b23.8x26x0.6x
Mon, 30 Dec 2024US$1.0tUS$2.0tUS$41.4b21.9x24.4x0.5x
Wed, 27 Nov 2024US$1.2tUS$2.0tUS$41.4b25.1x28.3x0.6x
Fri, 25 Oct 2024US$1.1tUS$1.9tUS$43.4b24.5x26x0.6x
Sun, 22 Sep 2024US$1.2tUS$1.9tUS$43.3b25.7x27.6x0.6x
Tue, 20 Aug 2024US$1.2tUS$1.9tUS$43.2b26.1x27.7x0.6x
Thu, 18 Jul 2024US$1.2tUS$1.9tUS$42.2b27x27.6x0.6x
Sat, 15 Jun 2024US$1.1tUS$1.9tUS$43.4b26.2x25.3x0.6x
Mon, 13 May 2024US$1.1tUS$1.9tUS$43.5b26.9x25.5x0.6x
Wed, 10 Apr 2024US$1.1tUS$1.8tUS$49.7b25.3x21.7x0.6x
Fri, 08 Mar 2024US$1.1tUS$1.8tUS$51.0b25.4x21.7x0.6x
Sun, 04 Feb 2024US$1.1tUS$1.8tUS$50.0b23.4x22.8x0.6x
Tue, 02 Jan 2024US$1.2tUS$1.8tUS$51.2b23.3x22.6x0.6x
Thu, 30 Nov 2023US$1.1tUS$1.8tUS$51.1b22.4x22.5x0.6x
Sat, 28 Oct 2023US$1.1tUS$1.8tUS$46.8b22.1x23.8x0.6x
Mon, 25 Sep 2023US$1.1tUS$1.8tUS$46.9b22.1x23.7x0.6x
Wed, 23 Aug 2023US$1.1tUS$1.8tUS$46.7b21.7x23.6x0.6x
Fri, 21 Jul 2023US$1.1tUS$1.7tUS$46.7b24.3x24.5x0.7x
Sun, 18 Jun 2023US$1.1tUS$1.7tUS$45.7b22.7x23.3x0.6x
Tue, 16 May 2023US$1.1tUS$1.7tUS$45.7b21.9x24x0.6x
Thu, 13 Apr 2023US$1.1tUS$1.4tUS$43.6b23.7x25.6x0.8x
Sat, 11 Mar 2023US$1.0tUS$1.4tUS$44.2b21.3x23.4x0.7x
Mon, 06 Feb 2023US$1.1tUS$1.4tUS$44.3b21.2x24.9x0.8x
Wed, 04 Jan 2023US$1.2tUS$1.4tUS$44.4b22.2x26.2x0.8x
Fri, 02 Dec 2022US$1.2tUS$1.4tUS$44.4b20.7x27.4x0.9x
Sun, 30 Oct 2022US$1.2tUS$1.4tUS$46.5b19.6x26.7x0.9x
Tue, 27 Sep 2022US$1.1tUS$1.4tUS$46.1b18.4x24.7x0.8x
Thu, 25 Aug 2022US$1.2tUS$1.4tUS$46.1b19.7x26.3x0.9x
Price to Earnings Ratio

26.3x


Total Market Cap: US$1.2tTotal Earnings: US$46.1bTotal Revenue: US$1.4tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Healthcare Services Industry Price to Earnings3Y Average 23.9x202320242025
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 17.1x which is lower than its 3-year average PE of 23.9x.
  • The industry is trading close to its 3-year average PS ratio of 0.64x.
Past Earnings Growth
  • The earnings for companies in the Healthcare industry have grown 2.2% per year over the last three years.
  • Revenues for these companies have grown 15% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

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

US Market1.29%
Healthcare4.94%
Healthcare Services9.57%
Managed Healthcare15.46%
Healthcare Services5.35%
Healthcare Facilities3.33%
Healthcare Distributors1.03%
Industry PE
  • Investors are most optimistic about the Healthcare Distributors industry even though it's trading below its 3-year average PE ratio of 37.5x.
    • Analysts are expecting annual earnings growth of 13.8%, which is higher than its past year's earnings growth of 6.3% per year.
  • Investors are most pessimistic about the Managed Healthcare industry, which is trading below its 3-year average of 22.8x.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare Services industry, expecting annual earnings growth of 20% 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 8.4% 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
UNH UnitedHealth GroupUS$304.0120.5%
+US$46.8b		-47.5%PE12.9x
CI Cigna GroupUS$296.867.2%
+US$5.3b		-13.3%PE15.8x
CVS CVS HealthUS$68.605.7%
+US$4.7b		16.7%PE19.2x
NAKA Kindly MDUS$13.6742.8%
+US$4.5b		733.6%PS2052.2x
ELV Elevance HealthUS$309.576.5%
+US$4.2b		-43.0%PE13x

Latest News

UNH
US$304.01
UnitedHealth Group
7D
20.5%
1Y
-47.5%
NAKA
US$13.67
Kindly MD
7D
42.8%
1Y
733.6%
CAH
US$149.61
Cardinal Health
7D
-5.1%
1Y
36.3%
TOI
US$3.76
Oncology Institute
7D
-11.3%
1Y
1,049.8%
HUM
US$286.39
Humana
7D
7.4%
1Y
-18.9%

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Aug 15
Humana Inc. (NYSE:HUM) Stocks Shoot Up 27% But Its P/E Still Looks Reasonable
PNTG
US$25.26
Pennant Group
7D
-3.4%
1Y
-20.4%
CVS
US$68.60
CVS Health
7D
5.7%
1Y
16.7%

CVS Health's (NYSE:CVS) Soft Earnings Don't Show The Whole Picture

Aug 13
CVS Health's (NYSE:CVS) Soft Earnings Don't Show The Whole Picture
HIMS
US$46.02
Hims & Hers Health
7D
-7.9%
1Y
177.9%
CNC
US$28.49
Centene
7D
12.8%
1Y
-63.6%
HQY
US$89.89
HealthEquity
7D
-2.8%
1Y
18.7%
NNOX
US$4.42
Nano-X Imaging
7D
-6.2%
1Y
-39.0%
CI
US$296.86
Cigna Group
7D
7.2%
1Y
-13.3%
AIRS
US$6.26
AirSculpt Technologies
7D
-4.5%
1Y
51.8%
ELV
US$309.57
Elevance Health
7D
6.5%
1Y
-43.0%
HCA
US$395.79
HCA Healthcare
7D
3.4%
1Y
5.8%
VMD
US$6.89
Viemed Healthcare
7D
-5.5%
1Y
-5.7%