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U.S. Healthcare Sector Analysis

UpdatedMay 04, 2024
DataAggregated Company Financials
Companies1402
  • 7D0.8%
  • 3M-0.3%
  • 1Y3.1%
  • YTD1.1%

Over the last 7 days, the Healthcare industry has remained flat, although notably Amgen gained 15%. The past year has been better, since the industry has gained 3.1% in that time. Earnings are forecast to grow by 20% annually.

Sector Valuation and Performance

Has the U.S. Healthcare Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 04 May 2024US$6.0tUS$2.8tUS$65.2b31.1x92.3x2.1x
Mon, 01 Apr 2024US$6.4tUS$2.8tUS$84.0b33.4x75.7x2.3x
Wed, 28 Feb 2024US$6.3tUS$2.8tUS$85.8b31x73.5x2.3x
Fri, 26 Jan 2024US$6.3tUS$2.8tUS$90.9b32x69.3x2.2x
Sun, 24 Dec 2023US$6.2tUS$2.8tUS$91.5b32.6x67.4x2.2x
Tue, 21 Nov 2023US$5.8tUS$2.8tUS$90.7b27.8x63.6x2x
Thu, 19 Oct 2023US$5.8tUS$2.8tUS$99.8b26x58.5x2.1x
Sat, 16 Sep 2023US$6.0tUS$2.8tUS$98.6b28.9x61.3x2.2x
Mon, 14 Aug 2023US$6.2tUS$2.8tUS$99.1b28.5x62.5x2.2x
Wed, 12 Jul 2023US$5.9tUS$2.7tUS$110.3b26.3x53.6x2.2x
Fri, 09 Jun 2023US$6.0tUS$2.7tUS$110.4b25.5x53.9x2.2x
Sun, 07 May 2023US$6.0tUS$2.7tUS$114.0b25x53x2.2x
Tue, 04 Apr 2023US$5.8tUS$2.5tUS$121.7b24.4x47.9x2.3x
Thu, 02 Mar 2023US$5.7tUS$2.5tUS$123.0b24.8x46.2x2.3x
Sat, 28 Jan 2023US$6.0tUS$2.5tUS$133.9b23.8x44.6x2.4x
Mon, 26 Dec 2022US$6.0tUS$2.5tUS$135.7b23x44.3x2.5x
Wed, 23 Nov 2022US$6.0tUS$2.4tUS$133.6b23.7x44.7x2.5x
Fri, 21 Oct 2022US$5.5tUS$2.4tUS$157.1b21.7x35.2x2.3x
Sun, 18 Sep 2022US$5.8tUS$2.4tUS$156.1b21.7x37x2.4x
Tue, 16 Aug 2022US$6.1tUS$2.4tUS$157.2b23.9x39x2.6x
Thu, 14 Jul 2022US$5.8tUS$2.6tUS$164.6b24.2x35.3x2.2x
Sat, 11 Jun 2022US$5.6tUS$2.6tUS$165.4b24.2x34x2.2x
Mon, 09 May 2022US$5.8tUS$2.6tUS$162.2b26x35.8x2.2x
Wed, 06 Apr 2022US$6.5tUS$2.5tUS$174.2b28.5x37.4x2.6x
Fri, 04 Mar 2022US$6.3tUS$2.5tUS$171.0b28.1x36.6x2.5x
Sun, 30 Jan 2022US$6.2tUS$2.4tUS$151.0b29.4x40.9x2.6x
Tue, 28 Dec 2021US$6.9tUS$2.4tUS$145.5b32.3x47.7x2.9x
Thu, 25 Nov 2021US$6.7tUS$2.4tUS$146.6b32.7x45.6x2.8x
Sat, 23 Oct 2021US$6.8tUS$2.3tUS$122.7b34.1x55.3x2.9x
Mon, 20 Sep 2021US$6.9tUS$2.3tUS$120.4b36.4x57.3x3x
Wed, 18 Aug 2021US$6.8tUS$2.3tUS$121.2b33.1x56.3x3x
Wed, 02 Jun 2021US$6.3tUS$2.4tUS$101.8b32.3x61.9x2.6x
Price to Earnings Ratio

61.9x


Total Market Cap: US$6.3tTotal Earnings: US$101.8bTotal Revenue: US$2.4tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Healthcare Sector Price to Earnings3Y Average 51.4x202220232024
Current Industry PE
  • Investors are optimistic on the American Healthcare industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 92.3x which is higher than its 3-year average PE of 51.4x.
  • The 3-year average PS ratio of 2.4x is higher than the industry's current PS ratio of 2.1x.
Past Earnings Growth
  • The earnings for companies in the Healthcare industry have declined 14% per year over the last three years.
  • Meanwhile revenues for these companies have grown 5.1% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

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

US Market0.72%
Healthcare0.80%
Biotech4.73%
Healthtech1.27%
Pharma1.10%
Life Sciences0.24%
Medical Equipment0.0075%
Healthcare Services-2.27%
Industry PE
  • Investors are most optimistic about the Pharma industry which is trading above its 3-year average PE ratio of 40.6x.
    • Analysts are expecting annual earnings growth of 23.4%, which is higher than its past year's earnings growth of 3.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthtech industry, expecting annual earnings growth of 29% over the next 5 years.
  • This is better than its past earnings growth rate of 12% per year.
  • In contrast, the Medical Equipment industry is expected to see its earnings grow by 16% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
AMGN AmgenUS$311.2915.3%
+US$22.2b		31.6%PE44.4x
PFE PfizerUS$27.819.5%
+US$13.6b		-27.7%PS2.9x
REGN Regeneron PharmaceuticalsUS$957.008.4%
+US$10.2b		25.6%PE27.3x
ABBV AbbVieUS$163.792.6%
+US$7.4b		10.6%PE48.7x
JNJ Johnson & JohnsonUS$149.272.1%
+US$7.1b		-8.2%PE21x
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Latest News

AMGN

US$311.29

Amgen

7D

15.3%

1Y

31.6%

Is Amgen Inc. (NASDAQ:AMGN) Trading At A 41% Discount?

May 04
Is Amgen Inc. (NASDAQ:AMGN) Trading At A 41% Discount?

ZTS

US$167.07

Zoetis

7D

5.5%

1Y

-10.3%

The Zoetis Inc. (NYSE:ZTS) First-Quarter Results Are Out And Analysts Have Published New Forecasts

May 04
The Zoetis Inc. (NYSE:ZTS) First-Quarter Results Are Out And Analysts Have Published New Forecasts

CVS

US$55.90

CVS Health

7D

-16.8%

1Y

-20.9%

CVS Health: A Terrible Earnings Report, But An Undervalued Stock

May 04

REGN

US$957.00

Regeneron Pharmaceuticals

7D

8.4%

1Y

25.6%

PFE

US$27.81

Pfizer

7D

9.5%

1Y

-27.7%

COR

US$223.95

Cencora

7D

-7.0%

1Y

33.3%

JNJ

US$149.27

Johnson & Johnson

7D

2.1%

1Y

-8.2%

Johnson & Johnson's (NYSE:JNJ) Dividend Will Be Increased To $1.24

May 03
Johnson & Johnson's (NYSE:JNJ) Dividend Will Be Increased To $1.24

SYK

US$328.45

Stryker

7D

-2.1%

1Y

15.4%

MRNA

US$125.00

Moderna

7D

15.8%

1Y

-8.8%

CI

US$341.50

Cigna Group

7D

-3.7%

1Y

31.0%

GEHC

US$79.47

GE HealthCare Technologies

7D

-7.9%

1Y

0.6%

GE HealthCare: Too Soon To Buy After A Mixed Q1 (Rating Downgrade)

May 02

MRK

US$127.51

Merck

7D

-2.8%

1Y

8.4%

MDT

US$81.69

Medtronic

7D

2.4%

1Y

-9.3%

Is Medtronic plc (NYSE:MDT) Trading At A 20% Discount?

May 01
Is Medtronic plc (NYSE:MDT) Trading At A 20% Discount?

UNH

US$492.45

UnitedHealth Group

7D

-0.6%

1Y

-0.4%

UnitedHealth Group: A Quality Compounder With A Recent Pullback

May 01

ABBV

US$163.79

AbbVie

7D

2.6%

1Y

10.6%

ABT

US$105.90

Abbott Laboratories

7D

-1.5%

1Y

-4.8%