U.S. Healthtech Industry Analysis
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies67
- 7D3.2%
- 3M-3.6%
- 1Y-19.3%
- YTD-8.8%
The Healthtech industry is up 3.2% in the last week, with Veeva Systems up 3.4%. However, the industry is down 19% over the past year. As for the next few years, earnings are expected to grow by 29% per annum.
Industry Valuation and Performance
Has the U.S. Healthtech Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Jul 2024 | US$58.7b | US$13.7b | -US$1,860,658,542.00 | 51.6x | -31.5x | 4.3x |
| Sun, 23 Jun 2024 | US$57.2b | US$13.7b | -US$1,889,788,216.00 | 47.3x | -30.3x | 4.2x |
| Tue, 21 May 2024 | US$59.1b | US$12.8b | -US$1,973,252,856.00 | 46.9x | -29.9x | 4.6x |
| Thu, 18 Apr 2024 | US$57.3b | US$12.7b | -US$1,620,331,315.00 | 48.2x | -35.4x | 4.5x |
| Sat, 16 Mar 2024 | US$64.8b | US$14.3b | -US$1,457,126,316.00 | 48.8x | -44.5x | 4.5x |
| Mon, 12 Feb 2024 | US$63.6b | US$13.8b | -US$5,675,716,752.00 | 61.6x | -11.2x | 4.6x |
| Wed, 10 Jan 2024 | US$71.5b | US$18.3b | -US$5,780,492,665.00 | 54.8x | -12.4x | 3.9x |
| Fri, 08 Dec 2023 | US$66.7b | US$18.3b | -US$5,772,419,665.00 | 52.6x | -11.6x | 3.6x |
| Sun, 05 Nov 2023 | US$68.0b | US$18.3b | -US$5,826,818,376.00 | 52x | -11.7x | 3.7x |
| Tue, 03 Oct 2023 | US$70.0b | US$18.0b | -US$5,559,240,965.00 | 52.1x | -12.6x | 3.9x |
| Thu, 31 Aug 2023 | US$71.1b | US$17.9b | -US$5,546,705,389.00 | 50.9x | -12.8x | 4x |
| Sat, 29 Jul 2023 | US$77.7b | US$17.8b | -US$5,538,206,318.00 | 62.2x | -14x | 4.4x |
| Mon, 26 Jun 2023 | US$75.2b | US$17.7b | -US$8,580,509,261.00 | 62x | -8.8x | 4.2x |
| Wed, 24 May 2023 | US$69.3b | US$17.7b | -US$8,622,664,320.00 | 58.3x | -8x | 3.9x |
| Fri, 21 Apr 2023 | US$74.8b | US$17.4b | -US$14,978,330,855.00 | 59.2x | -5x | 4.3x |
| Sun, 19 Mar 2023 | US$71.2b | US$17.7b | -US$15,404,092,855.00 | 52.6x | -4.6x | 4x |
| Tue, 14 Feb 2023 | US$72.9b | US$17.5b | -US$10,822,839,563.00 | 53.7x | -6.7x | 4.2x |
| Thu, 12 Jan 2023 | US$69.9b | US$17.5b | -US$10,803,491,310.00 | 45.3x | -6.5x | 4x |
| Sat, 10 Dec 2022 | US$72.0b | US$17.5b | -US$10,606,433,310.00 | 49.8x | -6.8x | 4.1x |
| Mon, 07 Nov 2022 | US$66.6b | US$17.4b | -US$10,579,915,342.00 | 32.9x | -6.3x | 3.8x |
| Wed, 05 Oct 2022 | US$73.7b | US$17.1b | -US$10,593,627,342.00 | 32.5x | -7x | 4.3x |
| Fri, 02 Sep 2022 | US$75.5b | US$17.0b | -US$10,549,847,342.00 | 33.5x | -7.2x | 4.4x |
| Sun, 31 Jul 2022 | US$95.6b | US$17.5b | -US$10,943,133,542.00 | 46.9x | -8.7x | 5.5x |
| Tue, 28 Jun 2022 | US$121.9b | US$23.2b | -US$7,415,282,621.00 | 53x | -16.4x | 5.2x |
| Thu, 26 May 2022 | US$111.9b | US$23.1b | -US$7,379,417,621.00 | 48.3x | -15.2x | 4.8x |
| Sat, 23 Apr 2022 | US$128.3b | US$23.4b | -US$981,384,493.00 | 66.4x | -130.7x | 5.5x |
| Mon, 21 Mar 2022 | US$141.1b | US$23.9b | -US$869,737,328.00 | 82.4x | -162.2x | 5.9x |
| Wed, 16 Feb 2022 | US$157.6b | US$23.9b | -US$1,706,183,715.00 | 91.7x | -92.4x | 6.6x |
| Fri, 14 Jan 2022 | US$157.5b | US$23.7b | -US$1,729,195,532.00 | 91.6x | -91.1x | 6.6x |
| Sun, 12 Dec 2021 | US$168.5b | US$23.1b | -US$1,291,880,240.00 | 99x | -130.4x | 7.3x |
| Tue, 09 Nov 2021 | US$206.1b | US$22.8b | -US$1,325,896,292.00 | 111.8x | -155.4x | 9x |
| Thu, 07 Oct 2021 | US$189.2b | US$22.1b | -US$1,254,921,150.00 | 100.5x | -150.8x | 8.6x |
| Sat, 04 Sep 2021 | US$196.9b | US$21.9b | -US$1,229,889,348.31 | 106.3x | -160.1x | 9x |
| Mon, 02 Aug 2021 | US$187.5b | US$21.9b | -US$1,229,889,348.31 | 96.2x | -152.4x | 8.6x |
Price to Earnings Ratio
-152.4x
Current Industry PE
- Investors are pessimistic on the American Healthcare Services industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 5.0x is higher than the industry's current PS ratio of 4.3x.
Past Earnings Growth
- The earnings for companies in the Healthcare Services industry have deteriorated over the last three years.
- Revenues have also declined 15% per year.
- This means overall sales from these companies are declining and losses are subsequently expanding as well.
Industry Trends
Which industries have driven the changes within the U.S. Healthcare industry?
| US Market | -2.42% | |
| Healthcare | 1.13% | |
| Healthtech | 3.19% | |
| Healthtech | 3.19% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| VEEV Veeva Systems | US$186.55 | 3.4% +US$989.3m | -6.1% | PE54.3x | |
| GDRX GoodRx Holdings | US$8.74 | 8.4% +US$255.1m | 31.6% | PS4.3x | |
| EVH Evolent Health | US$22.19 | 10.2% +US$236.2m | -25.2% | PS1.2x | |
| WAY Waystar Holding | US$23.12 | 3.2% +US$120.5m | n/a | PS4.7x | |
| PHR Phreesia | US$24.42 | 7.8% +US$101.6m | -18.6% | PS3.8x |
