Doximity (NYSE:DOCS) Knows How To Allocate Capital
Dec 01
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U.S. Healthtech Industry Analysis
UpdatedDec 03, 2024
DataAggregated Company Financials
Companies70
- 7D1.6%
- 3M5.5%
- 1Y12.2%
- YTD6.2%
The Healthtech industry is up 1.6% in the last week, with Doximity up 9.6%. This takes the industry's 12 month performance to a gain of 12%. As for the next few years, earnings are expected to grow by 31% 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 |
|---|---|---|---|---|---|---|
| Tue, 03 Dec 2024 | US$68.1b | US$12.8b | -US$1,712,780,390.00 | 58.6x | -39.7x | 5.3x |
| Thu, 31 Oct 2024 | US$63.3b | US$13.6b | -US$3,127,204,656.00 | 48.6x | -20.3x | 4.7x |
| Sat, 28 Sep 2024 | US$64.7b | US$14.0b | -US$3,288,675,208.00 | 53.5x | -19.7x | 4.6x |
| Mon, 26 Aug 2024 | US$63.0b | US$13.9b | -US$3,379,735,604.00 | 59x | -18.6x | 4.5x |
| Wed, 24 Jul 2024 | US$59.4b | US$13.7b | -US$1,860,658,542.00 | 52.2x | -31.9x | 4.3x |
| Fri, 21 Jun 2024 | US$56.1b | US$13.7b | -US$1,889,788,216.00 | 47.1x | -29.7x | 4.1x |
| Sun, 19 May 2024 | US$59.1b | US$12.8b | -US$1,973,252,856.00 | 46.7x | -29.9x | 4.6x |
| Tue, 16 Apr 2024 | US$59.5b | US$12.7b | -US$1,616,515,745.00 | 49.3x | -36.8x | 4.7x |
| Thu, 14 Mar 2024 | US$65.0b | US$14.2b | -US$1,463,588,036.00 | 49.5x | -44.4x | 4.6x |
| Sat, 10 Feb 2024 | US$63.6b | US$13.8b | -US$5,675,716,752.00 | 61.6x | -11.2x | 4.6x |
| Mon, 08 Jan 2024 | US$69.9b | US$18.3b | -US$5,780,492,665.00 | 52.7x | -12.1x | 3.8x |
| Wed, 06 Dec 2023 | US$67.0b | US$18.2b | -US$5,807,346,665.00 | 52.9x | -11.5x | 3.7x |
| Fri, 03 Nov 2023 | US$64.5b | US$18.1b | -US$5,622,209,965.00 | 48.9x | -11.5x | 3.6x |
| Sun, 01 Oct 2023 | US$69.9b | US$18.0b | -US$5,502,347,965.00 | 51.5x | -12.7x | 3.9x |
| Tue, 29 Aug 2023 | US$69.5b | US$17.9b | -US$5,546,705,389.00 | 51.9x | -12.5x | 3.9x |
| Thu, 27 Jul 2023 | US$78.4b | US$17.8b | -US$5,538,206,318.00 | 62x | -14.2x | 4.4x |
| Sat, 24 Jun 2023 | US$75.2b | US$17.7b | -US$8,580,509,261.00 | 62x | -8.8x | 4.2x |
| Mon, 22 May 2023 | US$68.8b | US$17.7b | -US$8,622,664,320.00 | 58.8x | -8x | 3.9x |
| Wed, 19 Apr 2023 | US$74.6b | US$17.4b | -US$14,978,330,855.00 | 59x | -5x | 4.3x |
| Fri, 17 Mar 2023 | US$72.5b | US$17.7b | -US$15,403,781,855.00 | 53.6x | -4.7x | 4.1x |
| Sun, 12 Feb 2023 | US$71.9b | US$17.5b | -US$10,822,839,563.00 | 51.5x | -6.6x | 4.1x |
| Tue, 10 Jan 2023 | US$67.3b | US$17.5b | -US$10,803,491,310.00 | 42.8x | -6.2x | 3.8x |
| Thu, 08 Dec 2022 | US$70.0b | US$17.5b | -US$10,602,609,310.00 | 48.5x | -6.6x | 4x |
| Sat, 05 Nov 2022 | US$66.8b | US$17.4b | -US$10,554,388,342.00 | 32.9x | -6.3x | 3.8x |
| Mon, 03 Oct 2022 | US$70.3b | US$17.1b | -US$10,593,627,342.00 | 30.8x | -6.6x | 4.1x |
| Wed, 31 Aug 2022 | US$80.5b | US$17.0b | -US$10,549,847,342.00 | 33.4x | -7.6x | 4.7x |
| Fri, 29 Jul 2022 | US$93.0b | US$17.4b | -US$7,975,491,542.00 | 46.8x | -11.7x | 5.3x |
| Sun, 26 Jun 2022 | US$121.9b | US$23.2b | -US$7,415,282,621.00 | 53.8x | -16.4x | 5.2x |
| Tue, 24 May 2022 | US$111.5b | US$23.1b | -US$7,364,921,621.00 | 47.4x | -15.1x | 4.8x |
| Thu, 21 Apr 2022 | US$135.3b | US$23.4b | -US$981,542,025.00 | 69.8x | -137.9x | 5.8x |
| Sat, 19 Mar 2022 | US$141.0b | US$23.9b | -US$869,737,328.00 | 82.4x | -162.1x | 5.9x |
| Mon, 14 Feb 2022 | US$155.6b | US$23.9b | -US$1,700,563,995.00 | 92.7x | -91.5x | 6.5x |
| Wed, 12 Jan 2022 | US$162.2b | US$23.7b | -US$1,728,458,566.00 | 94.3x | -93.9x | 6.8x |
| Fri, 10 Dec 2021 | US$171.4b | US$23.1b | -US$1,161,120,240.00 | 98.1x | -147.6x | 7.4x |
Price to Earnings Ratio
-147.6x
Current Industry PE
- Investors are optimistic on the American Healthcare Services industry, and appear confident in long term growth rates.
- The 3-year average PS ratio of 4.6x is lower than the industry's current PS ratio of 5.3x.
Past Earnings Growth
- The earnings for companies in the Healthcare Services industry have deteriorated over the last three years.
- Revenues have also declined 18% 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 | 0.74% | |
| Healthcare | 0.99% | |
| Healthtech | 1.56% | |
| Healthtech | 1.56% | |
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 | |
|---|---|---|---|---|---|
| DOCS Doximity | US$53.41 | 9.6% +US$870.0m | 117.6% | PE57.3x | |
| VEEV Veeva Systems | US$227.46 | 0.2% +US$82.6m | 27.1% | PE59.9x | |
| EVH Evolent Health | US$12.71 | 4.1% +US$57.5m | -56.7% | PS0.6x | |
| PHR Phreesia | US$21.10 | 3.6% +US$42.8m | 39.0% | PS3.1x | |
| CERT Certara | US$11.29 | 2.2% +US$38.6m | -23.3% | PS4.9x |
