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U.S. Life Sciences Industry Analysis

UpdatedJun 03, 2026
DataAggregated Company Financials
Companies63
  • 7D7.2%
  • 3M-1.3%
  • 1Y12.8%
  • YTD-14.4%

In the last week, the Life Sciences industry is up 7.2%, with Thermo Fisher Scientific up 7.6%. This takes the industry's 12 month performance to a gain of 13%. As for the next few years, earnings are expected to grow by 17% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 03 Jun 2026US$594.4bUS$150.6bUS$13.8b36.4x43.2x3.9x
Fri, 01 May 2026US$537.1bUS$149.1bUS$14.3b31.4x37.5x3.6x
Sun, 29 Mar 2026US$532.8bUS$147.8bUS$14.0b34.8x38x3.6x
Tue, 24 Feb 2026US$592.1bUS$147.7bUS$13.8b34.1x42.8x4x
Thu, 22 Jan 2026US$690.4bUS$145.8bUS$12.4b36.9x55.8x4.7x
Sat, 20 Dec 2025US$646.8bUS$145.8bUS$12.5b34.7x51.8x4.4x
Mon, 17 Nov 2025US$649.0bUS$145.7bUS$12.2b34.5x53.2x4.5x
Wed, 15 Oct 2025US$615.2bUS$144.3bUS$14.6b32.1x42.3x4.3x
Fri, 12 Sep 2025US$565.0bUS$144.3bUS$14.6b29.4x38.8x3.9x
Sun, 10 Aug 2025US$550.7bUS$144.2bUS$14.4b28.5x38.2x3.8x
Tue, 08 Jul 2025US$548.4bUS$142.9bUS$9.1b36x60.1x3.8x
Thu, 05 Jun 2025US$508.5bUS$142.9bUS$9.2b34.6x55.5x3.6x
Sat, 03 May 2025US$516.6bUS$142.4bUS$9.7b37.8x53.5x3.6x
Mon, 31 Mar 2025US$575.3bUS$142.5bUS$10.0b37.7x57.8x4x
Wed, 26 Feb 2025US$622.1bUS$143.3bUS$9.8b38.6x63.7x4.3x
Fri, 24 Jan 2025US$702.8bUS$142.4bUS$10.2b45.1x68.9x4.9x
Sun, 22 Dec 2024US$652.4bUS$142.4bUS$10.2b44.3x63.8x4.6x
Tue, 19 Nov 2024US$638.7bUS$142.4bUS$10.4b40.8x61.6x4.5x
Thu, 17 Oct 2024US$726.3bUS$141.8bUS$8.5b37x85.5x5.1x
Sat, 14 Sep 2024US$738.9bUS$141.8bUS$8.5b37.5x86.9x5.2x
Mon, 12 Aug 2024US$727.5bUS$141.5bUS$8.5b38.2x85.8x5.1x
Wed, 10 Jul 2024US$664.3bUS$141.3bUS$12.2b39.2x54.6x4.7x
Fri, 07 Jun 2024US$715.9bUS$141.3bUS$12.2b37.8x58.8x5.1x
Sun, 05 May 2024US$711.4bUS$141.7bUS$12.5b38.9x56.9x5x
Tue, 02 Apr 2024US$744.2bUS$142.0bUS$12.8b43.7x58.2x5.2x
Thu, 29 Feb 2024US$733.8bUS$142.1bUS$12.8b44x57.5x5.2x
Sat, 27 Jan 2024US$687.2bUS$153.8bUS$14.2b35.5x48.5x4.5x
Mon, 25 Dec 2023US$698.8bUS$153.8bUS$14.2b37.5x49.1x4.5x
Wed, 22 Nov 2023US$610.6bUS$153.9bUS$13.9b33.5x43.9x4x
Fri, 20 Oct 2023US$612.9bUS$154.6bUS$11.2b31.7x54.7x4x
Sun, 17 Sep 2023US$697.4bUS$154.6bUS$11.2b33.4x62.2x4.5x
Tue, 15 Aug 2023US$724.6bUS$154.7bUS$11.5b32.7x63.1x4.7x
Thu, 13 Jul 2023US$703.8bUS$152.4bUS$12.5b29.6x56.3x4.6x
Sat, 10 Jun 2023US$680.2bUS$152.4bUS$12.5b29.1x54.4x4.5x
Price to Earnings Ratio

54.4x


Total Market Cap: US$680.2bTotal 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 56.4x202420252026
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 43.2x which is lower than its 3-year average PE of 56.4x.
  • The 3-year average PS ratio of 4.4x is higher than the industry's current PS ratio of 3.9x.
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 Market1.22%
Healthcare-1.83%
Life Sciences7.16%
Clinical Research and Equipment7.16%
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$482.087.6%
+US$12.6b		20.5%PE26.2x
A Agilent TechnologiesUS$135.0517.4%
+US$5.6b		19.8%PE27x
WAT WatersUS$371.939.8%
+US$3.3b		6.5%PE81.2x
IQV IQVIA HoldingsUS$180.6411.5%
+US$3.1b		26.5%PE21.8x
ILMN IlluminaUS$162.5511.9%
+US$2.6b		98.6%PE28.8x

Latest News

BRKR
US$57.31
Bruker
7D
22.1%
1Y
53.2%
WAT
US$371.93
Waters
7D
9.8%
1Y
6.5%
DHR
US$176.11
Danaher
7D
1.9%
1Y
-8.3%
WST
US$312.17
West Pharmaceutical Services
7D
-1.3%
1Y
48.2%
SHC
US$15.02
Sotera Health
7D
-5.9%
1Y
22.3%
ILMN
US$162.55
Illumina
7D
11.9%
1Y
98.6%
Narrative Update • Jun 01

ILMN: Clinical Momentum And Softer Competition Will Shape A Balanced Outlook

Analysts have lifted the fair value estimate for Illumina from $156.51 to $175.00, citing Street research that points to building clinical momentum, easing competitive concerns, and a series of higher price targets from several firms. Analyst Commentary Recent Street research on Illumina has tilted more constructive, with several bullish analysts pointing to improving clinical traction and a less intense competitive backdrop as key supports for the stock.
IQV
US$180.64
IQVIA Holdings
7D
11.5%
1Y
26.5%
Narrative Update • May 31

IQV: Future Returns Will Depend On AI Trial Expansion And Execution Risk Balancing

Narrative Update on IQVIA Holdings The analyst price target for IQVIA Holdings has moved from $186.12 to $195.00, reflecting updated assumptions on discount rate, profit margin, and P/E, alongside recent research in which several firms reiterated constructive views on clinical trial activity, AI related cost savings, and the stock's valuation. Analyst Commentary Recent Street research on IQVIA Holdings has been mixed, with some bullish rating changes and initiations sitting alongside lower price targets from more cautious voices.
ICLR
US$137.54
ICON
7D
20.8%
1Y
2.8%
RPID
US$1.96
Rapid Micro Biosystems
7D
-2.5%
1Y
-47.5%
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$482.08
Thermo Fisher Scientific
7D
7.6%
1Y
20.5%
CDT
US$0.85
CDT Equity
7D
-4.2%
1Y
-99.9%
A
US$135.05
Agilent Technologies
7D
17.4%
1Y
19.8%
NOTV
US$0.26
Inotiv
7D
-2.5%
1Y
-91.2%
Narrative Update • May 15

NOTV: Improving Margins And Higher Future P/E Will Support Upside

Analysts have held their fair value estimate for Inotiv steady at $3.25, citing updated assumptions for revenue growth of 5.99%, a profit margin of 15.62%, a discount rate of 12.46% and a future P/E of 1.76x as key inputs behind the maintained target. Valuation Changes Fair Value: Held steady at $3.25, with no change in the model output.
CSBR
US$5.73
Champions Oncology
7D
-4.3%
1Y
-11.0%