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ZA Market

South African (JSE) Healthcare Sector Analysis

UpdatedJun 07, 2026

DataAggregated Company Financials

Companies4

7D-1.6%
3M2.0%
1Y7.5%
YTD15.0%

Over the last 7 days, the Healthcare industry has dropped 1.6%, driven by declines in Netcare and Life Healthcare Group Holdings of 4.0% and 5.3%, respectively. Meanwhile, Cilo Cybin Holdings actually outperformed within the industry, gaining 11% in the last week. This takes the industry's 12 month performance to a gain of 7.5%. Earnings are forecast to grow by 41% annually.

Sector Valuation and Performance

Has the South African Healthcare Sector valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Sun, 07 Jun 2026	R99.0b	R95.2b	R1.1b	11.1x	92x	1x
Tue, 05 May 2026	R101.0b	R94.3b	-R1,903,655,123.00	12.4x	-53.1x	1.1x
Thu, 02 Apr 2026	R97.0b	R94.3b	-R1,903,655,123.00	12x	-51x	1x
Sat, 28 Feb 2026	R98.4b	R95.1b	-R1,180,655,123.00	12.4x	-83.3x	1x
Mon, 26 Jan 2026	R86.0b	R95.1b	-R1,180,655,123.00	11.3x	-72.9x	0.9x
Wed, 24 Dec 2025	R78.3b	R95.1b	-R1,180,655,123.00	11.5x	-66.3x	0.8x
Fri, 21 Nov 2025	R76.5b	R95.9b	-R477,308,716.00	32.7x	-160.4x	0.8x
Sun, 19 Oct 2025	R91.0b	R105.7b	R381.2m	12.6x	238.8x	0.9x
Tue, 16 Sep 2025	R94.3b	R105.7b	R381.2m	12.5x	247.3x	0.9x
Thu, 14 Aug 2025	R99.8b	R108.4b	R5.9b	12.5x	17.1x	0.9x
Sat, 12 Jul 2025	R97.6b	R108.4b	R5.9b	11.3x	16.7x	0.9x
Mon, 09 Jun 2025	R100.3b	R108.4b	R5.9b	12x	17.1x	0.9x
Wed, 07 May 2025	R100.2b	R106.9b	R8.7b	12x	11.6x	0.9x
Fri, 04 Apr 2025	R114.9b	R106.9b	R8.7b	13.6x	13.3x	1.1x
Sun, 02 Mar 2025	R119.6b	R106.8b	R8.6b	12.4x	13.9x	1.1x
Tue, 28 Jan 2025	R127.8b	R106.8b	R8.7b	12.7x	14.8x	1.2x
Thu, 26 Dec 2024	R129.5b	R106.8b	R8.7b	13.4x	15x	1.2x
Sat, 23 Nov 2024	R130.0b	R103.8b	R8.0b	16.1x	16.3x	1.3x
Mon, 21 Oct 2024	R134.2b	R103.8b	R8.0b	15.6x	16.9x	1.3x
Wed, 18 Sep 2024	R137.6b	R103.8b	R8.0b	14.9x	17.3x	1.3x
Fri, 16 Aug 2024	R146.4b	R101.3b	R8.4b	13.6x	17.5x	1.4x
Sun, 14 Jul 2024	R147.5b	R101.3b	R8.4b	12.4x	17.6x	1.5x
Tue, 11 Jun 2024	R144.8b	R101.3b	R8.4b	11.9x	17.3x	1.4x
Thu, 09 May 2024	R141.2b	R100.0b	R8.2b	12.1x	17.2x	1.4x
Sat, 06 Apr 2024	R138.0b	R100.0b	R8.2b	12.6x	16.8x	1.4x
Mon, 04 Mar 2024	R139.7b	R98.0b	R8.3b	15.5x	16.8x	1.4x
Wed, 31 Jan 2024	R141.1b	R98.7b	R8.3b	15.5x	16.9x	1.4x
Fri, 29 Dec 2023	R145.1b	R98.7b	R8.3b	15.9x	17.4x	1.5x
Sun, 26 Nov 2023	R133.6b	R98.7b	R8.3b	14.8x	16x	1.4x
Tue, 24 Oct 2023	R127.1b	R105.1b	R8.5b	14.3x	15x	1.2x
Thu, 21 Sep 2023	R134.7b	R105.1b	R8.5b	15.1x	15.9x	1.3x
Sat, 19 Aug 2023	R139.7b	R102.7b	R9.0b	14.6x	15.4x	1.4x
Mon, 17 Jul 2023	R138.7b	R102.7b	R9.0b	14.9x	15.3x	1.4x
Wed, 14 Jun 2023	R138.6b	R102.7b	R9.0b	15.1x	15.3x	1.3x

Price to Earnings Ratio

15.3x

Wed, 14 Jun 2023

Current Industry PE

Investors are optimistic on the South African Healthcare industry, and appear confident in long term growth rates.

The industry is trading at a PE ratio of 92.0x which is higher than its 3-year average PE of 14.9x.

The 3-year average PS ratio of 1.2x is higher than the industry's current PS ratio of 1.0x.

Past Earnings Growth

The earnings for companies in the Healthcare industry have declined 51% per year over the last three years,
Revenues have also declined 2.5% per year.
This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the South African Healthcare sector?


ZA Market	-2.66%
Healthcare	-1.61%
Pharma	0.045%
Healthcare Services	-4.57%

Industry PE

Investors are most optimistic about the Healthcare Services industry even though it's trading below its 3-year average PE ratio of 69.6x.

Analysts are expecting annual earnings growth of 19.6%, which is higher than its past year's earnings growth of 15.7% per year.

Forecasted Growth

Analysts are most optimistic on the Pharma industry, expecting annual earnings growth of 53% over the next 5 years.

In contrast, the Healthcare Services industry is expected to see its earnings grow by 20% per year over the next few years.

Top Stock Gainers and Losers

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

	Company	Last Price	7D	1Y	Valuation
	CCC Cilo Cybin Holdings	R1.00	11.1% +R28.8m	-65.5%	PS40.4x

Latest News

Narrative Update • Jun 05

NTC: Leadership Transition And Policy Shifts Will Shape Steady Forward Outlook

Analysts have raised their Netcare price target from ZAR17.08 to ZAR17.86, reflecting updated views on discount rates, profit margins, and future P/E assumptions. What's in the News Netcare has appointed long serving executive Melanie Da Costa as its next CEO, succeeding Dr Richard Friedland at the end of 2026.

LHC

R10.13

Life Healthcare Group Holdings

-5.3%

-29.2%

Narrative Update • Jun 05

LHC: Dividend Payout And Steady Assumptions Will Support Future Upside Potential

Analysts have kept the fair value estimate for Life Healthcare Group Holdings steady at ZAR12.86. Updated assumptions include slightly adjusted discount rate, revenue growth, profit margin and forward P/E inputs, which guide their refreshed price target work.