Narrative Update • Jun 23
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U.S. Healthtech Industry Analysis
UpdatedJun 29, 2026
DataAggregated Company Financials
Companies68
- 7D8.9%
- 3M3.0%
- 1Y-43.2%
- YTD-22.6%
The Healthtech industry is up 8.9% in the last week, with Veeva Systems up 12%. Meanwhile, Definitive Healthcare actually underperformed within the industry, shrinking 12% in the last week. In the past year, the industry is down 43%. As for the next few years, earnings are expected to grow by 23% 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, 30 Jun 2026 | US$48.3b | US$14.4b | -US$748,582,179.00 | 29.9x | -64.5x | 3.4x |
| Thu, 28 May 2026 | US$44.3b | US$14.2b | -US$797,094,326.00 | 28.7x | -55.6x | 3.1x |
| Sat, 25 Apr 2026 | US$45.3b | US$13.6b | -US$417,856,415.00 | 31.1x | -108.4x | 3.3x |
| Mon, 23 Mar 2026 | US$49.3b | US$13.6b | -US$385,844,265.00 | 32.8x | -127.8x | 3.6x |
| Wed, 18 Feb 2026 | US$47.6b | US$13.7b | -US$97,099,340.00 | 41.6x | -490.3x | 3.5x |
| Fri, 16 Jan 2026 | US$62.7b | US$13.6b | -US$102,102,340.00 | 50.8x | -614x | 4.6x |
| Sun, 14 Dec 2025 | US$64.1b | US$13.6b | -US$100,808,271.00 | 56.2x | -635.9x | 4.7x |
| Tue, 11 Nov 2025 | US$76.6b | US$13.1b | -US$24,352,903.00 | 60x | -3144.8x | 5.9x |
| Thu, 09 Oct 2025 | US$83.7b | US$13.1b | -US$211,110,296.00 | 61.1x | -396.5x | 6.4x |
| Sat, 06 Sep 2025 | US$76.8b | US$13.2b | -US$266,647,296.00 | 55.2x | -288x | 5.8x |
| Mon, 04 Aug 2025 | US$75.7b | US$13.3b | -US$582,741,447.00 | 58.9x | -129.9x | 5.7x |
| Wed, 02 Jul 2025 | US$79.1b | US$13.2b | -US$1,382,394,447.00 | 56x | -57.2x | 6x |
| Fri, 30 May 2025 | US$67.5b | US$13.2b | -US$1,382,495,493.00 | 54.8x | -48.8x | 5.1x |
| Sun, 27 Apr 2025 | US$68.5b | US$13.2b | -US$1,417,865,959.00 | 52.8x | -48.3x | 5.2x |
| Tue, 25 Mar 2025 | US$70.6b | US$13.2b | -US$1,405,690,435.00 | 61.8x | -50.2x | 5.4x |
| Thu, 20 Feb 2025 | US$77.2b | US$13.0b | -US$1,571,387,514.00 | 64.7x | -49.1x | 6x |
| Sat, 18 Jan 2025 | US$65.8b | US$12.9b | -US$1,638,054,514.00 | 55.2x | -40.2x | 5.1x |
| Mon, 16 Dec 2024 | US$68.1b | US$12.9b | -US$1,645,750,514.00 | 55.8x | -41.4x | 5.3x |
| Wed, 13 Nov 2024 | US$70.8b | US$12.8b | -US$1,683,809,370.00 | 62.2x | -42x | 5.5x |
| Fri, 11 Oct 2024 | US$64.2b | US$14.0b | -US$3,264,827,208.00 | 53.8x | -19.7x | 4.6x |
| Sun, 08 Sep 2024 | US$65.2b | US$14.0b | -US$3,301,808,821.00 | 56.4x | -19.7x | 4.7x |
| Tue, 06 Aug 2024 | US$57.8b | US$13.7b | -US$3,169,950,669.00 | 50.9x | -18.2x | 4.2x |
| Thu, 04 Jul 2024 | US$55.9b | US$13.7b | -US$1,860,464,047.00 | 47.1x | -30x | 4.1x |
| Sat, 01 Jun 2024 | US$56.1b | US$12.7b | -US$1,885,422,856.00 | 46.6x | -29.7x | 4.4x |
| Mon, 29 Apr 2024 | US$57.3b | US$12.7b | -US$1,631,005,679.00 | 46.2x | -35.1x | 4.5x |
| Wed, 27 Mar 2024 | US$64.1b | US$14.3b | -US$1,502,658,316.00 | 48.8x | -42.6x | 4.5x |
| Fri, 23 Feb 2024 | US$62.6b | US$13.8b | -US$1,879,926,794.00 | 53.3x | -33.3x | 4.5x |
| Sun, 21 Jan 2024 | US$72.7b | US$18.3b | -US$5,780,316,752.00 | 58.8x | -12.6x | 4x |
| Tue, 19 Dec 2023 | US$68.9b | US$18.3b | -US$5,781,192,665.00 | 55.5x | -11.9x | 3.8x |
| Thu, 16 Nov 2023 | US$65.3b | US$18.2b | -US$5,941,748,893.00 | 52.6x | -11x | 3.6x |
| Sat, 14 Oct 2023 | US$71.2b | US$18.0b | -US$5,559,240,965.00 | 53.4x | -12.8x | 4x |
| Mon, 11 Sep 2023 | US$74.1b | US$18.0b | -US$5,515,729,389.00 | 53.9x | -13.4x | 4.1x |
| Wed, 09 Aug 2023 | US$76.5b | US$17.9b | -US$5,620,284,123.00 | 56.6x | -13.6x | 4.3x |
| Fri, 07 Jul 2023 | US$74.4b | US$17.7b | -US$8,580,469,318.00 | 60.8x | -8.7x | 4.2x |
Price to Earnings Ratio
-8.7x
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 4.7x is higher than the industry's current PS ratio of 3.4x.
Past Earnings Growth
- The earnings for companies in the Healthcare Services industry have improved over the last three years.
- Meanwhile revenues for these companies have declined 6.7% per year.
- This means that less sales are being generated overall, but since the cost of doing business is lower, losses have been shrinking.
Industry Trends
Which industries have driven the changes within the U.S. Healthcare industry?
| US Market | -2.52% | |
| Healthcare | 7.49% | |
| Healthtech | 8.89% | |
| Healthtech | 8.89% | |
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$176.22 | 15.1% +US$3.7b | -38.8% | PE30.4x | |
| WAY Waystar Holding | US$19.98 | 15.4% +US$512.1m | -51.1% | PE30.4x | |
| TDOC Teladoc Health | US$8.69 | 14.6% +US$200.4m | -0.2% | PS0.6x | |
| SDGR Schrödinger | US$17.39 | 14.2% +US$161.4m | -13.6% | PS5.1x | |
| CERT Certara | US$6.36 | 19.1% +US$158.7m | -45.6% | PS2.4x |
