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U.S. Life Sciences Industry Analysis

UpdatedMay 31, 2026
DataAggregated Company Financials
Companies63
  • 7D9.4%
  • 3M1.3%
  • 1Y16.1%
  • YTD-12.5%

Over the last 7 days, the Life Sciences industry has risen 9.4%, driven by gains from Thermo Fisher Scientific of 9.9%. During this same period, the Mesa Laboratories underperformed, falling 6.1%. This means that the industry has gained 16% over the past year. As for the next few years, earnings are expected to grow by 18% per annum.

Industry Valuation and Performance

Has the U.S. Life Sciences Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 01 Jun 2026US$595.4bUS$150.6bUS$13.8b37.9x43.3x4x
Wed, 29 Apr 2026US$547.8bUS$149.0bUS$14.4b30.7x38.2x3.7x
Fri, 27 Mar 2026US$552.1bUS$147.8bUS$14.0b36.2x39.3x3.7x
Sun, 22 Feb 2026US$592.1bUS$147.7bUS$13.8b33.8x42.8x4x
Tue, 20 Jan 2026US$693.3bUS$145.8bUS$12.4b36.8x56.1x4.8x
Thu, 18 Dec 2025US$648.3bUS$145.8bUS$12.5b34.6x52x4.4x
Sat, 15 Nov 2025US$651.1bUS$145.7bUS$12.2b34.8x53.6x4.5x
Mon, 13 Oct 2025US$609.0bUS$144.3bUS$14.6b31.7x41.8x4.2x
Wed, 10 Sep 2025US$571.9bUS$144.3bUS$14.6b29.3x39.3x4x
Fri, 08 Aug 2025US$539.1bUS$144.1bUS$13.0b28.4x41.4x3.7x
Sun, 06 Jul 2025US$548.4bUS$142.9bUS$9.1b36.4x60.1x3.8x
Tue, 03 Jun 2025US$504.6bUS$142.9bUS$9.2b33.9x55x3.5x
Thu, 01 May 2025US$523.9bUS$142.5bUS$10.0b37.9x52.4x3.7x
Sat, 29 Mar 2025US$587.2bUS$142.5bUS$10.0b37.7x59x4.1x
Mon, 24 Feb 2025US$619.6bUS$143.3bUS$9.7b38.8x63.8x4.3x
Wed, 22 Jan 2025US$681.4bUS$142.4bUS$10.2b44.8x66.8x4.8x
Fri, 20 Dec 2024US$644.4bUS$142.4bUS$10.2b43.6x63x4.5x
Sun, 17 Nov 2024US$638.7bUS$142.4bUS$10.4b41.8x61.6x4.5x
Tue, 15 Oct 2024US$731.7bUS$141.8bUS$8.5b37.7x86.1x5.2x
Thu, 12 Sep 2024US$738.4bUS$141.8bUS$8.5b38x86.9x5.2x
Sat, 10 Aug 2024US$730.9bUS$141.5bUS$8.4b38.2x86.7x5.2x
Mon, 08 Jul 2024US$664.6bUS$141.3bUS$12.2b38.8x54.6x4.7x
Wed, 05 Jun 2024US$706.0bUS$141.3bUS$12.4b38.5x56.8x5x
Fri, 03 May 2024US$713.5bUS$141.7bUS$12.6b38.7x56.5x5x
Sun, 31 Mar 2024US$744.3bUS$142.1bUS$12.8b44x58.2x5.2x
Tue, 27 Feb 2024US$728.3bUS$142.1bUS$12.4b43.9x58.7x5.1x
Thu, 25 Jan 2024US$695.8bUS$153.8bUS$14.2b35x49.1x4.5x
Sat, 23 Dec 2023US$698.9bUS$153.8bUS$14.2b37.5x49.1x4.5x
Mon, 20 Nov 2023US$610.6bUS$153.9bUS$13.9b33.5x43.9x4x
Wed, 18 Oct 2023US$635.5bUS$154.6bUS$11.2b33.2x56.7x4.1x
Fri, 15 Sep 2023US$692.7bUS$154.6bUS$11.2b33.3x61.8x4.5x
Sun, 13 Aug 2023US$725.3bUS$154.7bUS$11.5b32x63.1x4.7x
Tue, 11 Jul 2023US$692.1bUS$152.4bUS$12.5b29.6x55.3x4.5x
Thu, 08 Jun 2023US$682.6bUS$152.4bUS$12.5b29.2x54.6x4.5x
Price to Earnings Ratio

54.6x


Total Market Cap: US$682.6bTotal Earnings: US$12.5bTotal Revenue: US$152.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Life Sciences Industry Price to Earnings3Y Average 56.5x202420252026
Current Industry PE
  • Investors are pessimistic on the American Life Sciences 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 43.3x which is lower than its 3-year average PE of 56.5x.
  • The 3-year average PS ratio of 4.4x is higher than the industry's current PS ratio of 4.0x.
Past Earnings Growth
  • The earnings for companies in the Life Sciences industry have grown 3.2% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

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

US Market1.58%
Healthcare0.32%
Life Sciences9.39%
Clinical Research and Equipment9.39%
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?

CompanyLast Price7D1YValuation
TMO Thermo Fisher ScientificUS$492.519.9%
+US$16.4b		22.3%PE26.7x
DHR DanaherUS$182.676.2%
+US$7.6b		-3.8%PE35.2x
A Agilent TechnologiesUS$135.5317.9%
+US$5.8b		21.1%PE27.1x
WAT WatersUS$383.5712.0%
+US$4.0b		9.8%PE83.8x
ILMN IlluminaUS$162.9612.8%
+US$2.8b		98.2%PE28.9x

Latest News

RPID
US$2.01
Rapid Micro Biosystems
7D
-2.0%
1Y
-39.6%
New Narrative • May 30

Automation And Advanced Biomanufacturing Adoption Will Drive Long Term Value For This QC Leader

Catalysts About Rapid Micro Biosystems Rapid Micro Biosystems provides automated microbial quality control systems and consumables for biopharma and related regulated industries. What are the underlying business or industry changes driving this perspective?
TMO
US$492.51
Thermo Fisher Scientific
7D
9.9%
1Y
22.3%
ILMN
US$162.96
Illumina
7D
12.8%
1Y
98.2%
MLAB
US$102.02
Mesa Laboratories
7D
-6.1%
1Y
1.4%
CDT
US$1.04
CDT Equity
7D
-1.0%
1Y
-99.8%
A
US$135.53
Agilent Technologies
7D
17.9%
1Y
21.1%
BRKR
US$58.89
Bruker
7D
28.9%
1Y
60.5%
Narrative Update • May 28

BRKR: Rising Helium Costs Will Constrain Earnings Power Into 2026

Analysts have lifted their average price target on Bruker by about $1.80, citing updated assumptions that include a slightly lower discount rate, modestly higher revenue growth and profit margin expectations, and a lower future P/E multiple. Analyst Commentary Recent Street research on Bruker reflects a mix of optimism on long term prospects and concern about near term risks.
SHC
US$15.64
Sotera Health
7D
-0.1%
1Y
27.8%
IQV
US$182.21
IQVIA Holdings
7D
8.5%
1Y
29.8%
DHR
US$182.67
Danaher
7D
6.2%
1Y
-3.8%
Narrative Update • May 19

DHR: Bioprocess Recovery And Masimo Deal Set To Support Premium Multiple

Analysts have trimmed the implied fair value for Danaher by about $2 to roughly $248 per share, as they balance slightly higher long term growth and margin expectations with a lower assumed P/E multiple, evolving views on bioprocess recovery, and recent price target changes across the Street. Analyst Commentary Recent Street commentary around Danaher reflects a mixed but engaged view, with several firms adjusting price targets and reassessing how quickly the company can execute on its bioprocess ambitions and broader portfolio moves.
WAT
US$383.57
Waters
7D
12.0%
1Y
9.8%
Narrative Update • May 18

WAT: New Product Launches And Completed Buybacks Will Support Future Upside

Analysts now set a slightly higher price target for Waters at about $478, up from about $470, reflecting updated views on its fair value, discount rate, revenue growth, profit margin, and future P/E assumptions. What's in the News Waters issued earnings guidance for the second quarter of 2026, with expected total revenue between US$1.616b and US$1.631b, and for full year 2026, with expected total revenue between US$6.405b and US$6.455b on a reported basis (Corporate guidance).
MTD
US$1,180.58
Mettler-Toledo International
7D
7.0%
1Y
2.2%
Narrative Update • May 15

MTD: 2026 Local Currency Sales Outlook Will Drive Future Upside

Analysts have trimmed their price target for Mettler-Toledo International from about $1,488 to roughly $1,345, citing updated assumptions that include slightly different revenue growth, profit margin, discount rate, and future P/E expectations. What's in the News Mettler-Toledo International issued new earnings guidance for the second quarter of 2026, indicating an anticipated local currency sales increase of approximately 3% (company guidance).
CSBR
US$5.84
Champions Oncology
7D
-2.9%
1Y
-0.6%