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U.S. Healthcare Services Industry Analysis

UpdatedAug 04, 2024
DataAggregated Company Financials
Companies167
  • 7D1.6%
  • 3M11.4%
  • 1Y10.0%
  • YTD4.7%

Over the last 7 days, the Healthcare Services industry has risen 1.6%, driven by gains from UnitedHealth Group of 3.5%. In the same time, Humana was down 7.4%. This means that the industry has gained 10% over the past year. Earnings are forecast to grow by 19% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 04 Aug 2024US$1.2tUS$1.9tUS$43.1b27x28x0.6x
Tue, 02 Jul 2024US$1.1tUS$1.9tUS$43.4b24.2x25.4x0.6x
Thu, 30 May 2024US$1.1tUS$1.9tUS$43.3b26.1x25x0.6x
Sat, 27 Apr 2024US$1.1tUS$1.9tUS$42.7b25.9x25.9x0.6x
Mon, 25 Mar 2024US$1.1tUS$1.8tUS$49.6b24.2x22.7x0.6x
Wed, 21 Feb 2024US$1.1tUS$1.8tUS$49.9b24.8x23x0.6x
Fri, 19 Jan 2024US$1.1tUS$1.8tUS$50.8b24.5x22.4x0.6x
Sun, 17 Dec 2023US$1.1tUS$1.8tUS$51.2b22.7x22.4x0.6x
Tue, 14 Nov 2023US$1.2tUS$1.8tUS$51.2b21.5x22.5x0.6x
Thu, 12 Oct 2023US$1.1tUS$1.8tUS$46.9b22.7x24.1x0.6x
Sat, 09 Sep 2023US$1.1tUS$1.8tUS$46.8b22.3x23.2x0.6x
Mon, 07 Aug 2023US$1.1tUS$1.8tUS$46.4b22.1x24.4x0.6x
Wed, 05 Jul 2023US$1.1tUS$1.7tUS$46.1b23.3x23.8x0.6x
Fri, 02 Jun 2023US$1.1tUS$1.7tUS$45.7b22.2x24x0.6x
Sun, 30 Apr 2023US$1.1tUS$1.5tUS$44.6b22.9x24.2x0.7x
Tue, 28 Mar 2023US$1.1tUS$1.4tUS$44.4b22.3x23.7x0.7x
Thu, 23 Feb 2023US$1.1tUS$1.4tUS$43.6b22.2x25.6x0.8x
Sat, 21 Jan 2023US$1.1tUS$1.4tUS$45.0b21.4x25x0.8x
Mon, 19 Dec 2022US$1.2tUS$1.4tUS$44.4b21.4x26.5x0.8x
Wed, 16 Nov 2022US$1.2tUS$1.4tUS$44.4b20.4x25.9x0.8x
Fri, 14 Oct 2022US$1.1tUS$1.4tUS$46.1b19.1x24.9x0.8x
Sun, 11 Sep 2022US$1.2tUS$1.4tUS$46.1b19.3x26.1x0.9x
Tue, 09 Aug 2022US$1.2tUS$1.4tUS$48.8b20.3x24.8x0.9x
Thu, 07 Jul 2022US$1.2tUS$1.6tUS$50.5b18.7x23.1x0.7x
Sat, 04 Jun 2022US$1.2tUS$1.6tUS$50.7b19.4x22.7x0.7x
Mon, 02 May 2022US$1.2tUS$1.5tUS$49.1b19.5x23.7x0.8x
Wed, 30 Mar 2022US$1.2tUS$1.5tUS$49.1b20.3x24.7x0.8x
Fri, 25 Feb 2022US$1.1tUS$1.5tUS$49.5b18.7x22.5x0.8x
Sun, 23 Jan 2022US$1.1tUS$1.4tUS$51.9b19.9x21.4x0.8x
Tue, 21 Dec 2021US$1.2tUS$1.4tUS$50.1b21.9x23.5x0.8x
Thu, 18 Nov 2021US$1.1tUS$1.4tUS$50.1b21.5x22.8x0.8x
Sat, 16 Oct 2021US$1.1tUS$1.4tUS$47.0b21.1x22.6x0.8x
Mon, 13 Sep 2021US$1.1tUS$1.4tUS$46.3b18.4x23.4x0.8x
Wed, 11 Aug 2021US$1.1tUS$1.4tUS$46.5b20.3x23.1x0.8x
Price to Earnings Ratio

23.1x


Total Market Cap: US$1.1tTotal Earnings: US$46.5bTotal Revenue: US$1.4tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Healthcare Services Industry Price to Earnings3Y Average 24x202220232024
Current Industry PE
  • Investors are optimistic on the American Healthcare industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 28.0x which is higher than its 3-year average PE of 24.0x.
  • The industry is trading close to its 3-year average PS ratio of 0.72x.
Past Earnings Growth
  • The earnings for companies in the Healthcare industry have declined 2.5% per year over the last three years.
  • Meanwhile revenues for these companies have grown 11% 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-2.81%
Healthcare-0.23%
Healthcare Services1.59%
Healthcare Distributors6.08%
Managed Healthcare2.52%
Healthcare Services-0.78%
Healthcare Facilities-2.33%
Industry PE
  • Investors are most optimistic about the Healthcare Distributors industry which is trading above its 3-year average PE ratio of 27.5x.
    • Analysts are expecting annual earnings growth of 15.7%, which is higher than its past year's earnings decline of 10.3% per year.
  • Investors are most pessimistic about the Healthcare Facilities industry, which is trading below its 3-year average of 22.8x.
Forecasted Growth
  • Analysts are most optimistic on the Managed Healthcare industry, expecting annual earnings growth of 20% over the next 5 years.
  • This is better than its past earnings growth rate of 6.0% per year.
  • In contrast, the Healthcare Facilities 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
UNH UnitedHealth GroupUS$589.833.5%
+US$18.5b		17.3%PE38.5x
COR CencoraUS$247.578.8%
+US$4.4b		33.6%PE26.3x
MCK McKessonUS$630.385.0%
+US$3.9b		49.5%PE27.2x
CNC CenteneUS$78.096.8%
+US$2.6b		18.7%PE14.6x
LH Labcorp HoldingsUS$236.0011.9%
+US$2.0b		9.7%PE44.1x
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Latest News

MCK

US$630.38

McKesson

7D

5.0%

1Y

49.5%

SEM

US$34.18

Select Medical Holdings

7D

-13.0%

1Y

14.1%

COR

US$247.57

Cencora

7D

8.8%

1Y

33.6%

CI

US$337.33

Cigna Group

7D

-1.8%

1Y

17.7%

LH

US$236.00

Labcorp Holdings

7D

11.9%

1Y

9.7%

CVS

US$59.32

CVS Health

7D

-2.8%

1Y

-18.6%

CNC

US$78.09

Centene

7D

6.8%

1Y

18.7%

Centene (NYSE:CNC) Is Posting Promising Earnings But The Good News Doesn’t Stop There

Aug 02
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ELV

US$535.17

Elevance Health

7D

1.5%

1Y

15.5%

Here's Why We Think Elevance Health (NYSE:ELV) Is Well Worth Watching

Aug 02
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CAH

US$101.60

Cardinal Health

7D

3.3%

1Y

11.3%

Cardinal Health: Growth Headwinds Ahead

Aug 01

HCA

US$356.36

HCA Healthcare

7D

0.4%

1Y

32.6%

HQY

US$71.41

HealthEquity

7D

-11.8%

1Y

6.6%

HUM

US$363.62

Humana

7D

-7.4%

1Y

-24.9%

MOH

US$350.90

Molina Healthcare

7D

4.6%

1Y

15.8%

HIMS

US$17.58

Hims & Hers Health

7D

-19.2%

1Y

115.7%

THC

US$141.75

Tenet Healthcare

7D

-6.5%

1Y

90.3%

UNH

US$589.83

UnitedHealth Group

7D

3.5%

1Y

17.3%