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South African (JSE) Healthcare Sector Analysis

UpdatedFeb 14, 2026
DataAggregated Company Financials
Companies4
  • 7D8.3%
  • 3M16.4%
  • 1Y-20.2%
  • YTD5.6%

In the last week, the Healthcare industry is up 8.3%, with all of the companies up. However, the industry is down 20% over the past year. Earnings are forecast to grow by 45% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 14 Feb 2026R91.2bR95.1b-R1,180,655,123.0011.4x-77.2x1x
Mon, 12 Jan 2026R88.5bR95.1b-R1,180,655,123.0011.5x-75x0.9x
Wed, 10 Dec 2025R75.5bR95.1b-R1,180,655,123.0011x-63.9x0.8x
Fri, 07 Nov 2025R89.9bR105.7bR381.2m12.8x235.8x0.9x
Sun, 05 Oct 2025R89.3bR105.7bR381.2m12.4x234.3x0.8x
Tue, 02 Sep 2025R94.2bR108.6bR5.9b11.7x15.8x0.9x
Thu, 31 Jul 2025R100.6bR108.4bR5.9b12.7x17.2x0.9x
Sat, 28 Jun 2025R97.8bR108.4bR5.9b11.8x16.7x0.9x
Mon, 26 May 2025R99.8bR108.4bR5.9b11.8x17x0.9x
Wed, 23 Apr 2025R116.1bR106.9bR8.7b13.7x13.4x1.1x
Fri, 21 Mar 2025R122.2bR107.6bR8.7b11.8x14.1x1.1x
Sun, 16 Feb 2025R124.4bR106.8bR8.7b12.1x14.4x1.2x
Tue, 14 Jan 2025R126.5bR106.8bR8.7b12.9x14.6x1.2x
Thu, 12 Dec 2024R130.4bR106.8bR8.7b13x15.1x1.2x
Sat, 09 Nov 2024R132.2bR103.8bR8.0b15.9x16.6x1.3x
Mon, 07 Oct 2024R140.3bR103.8bR8.0b16.2x17.6x1.4x
Wed, 04 Sep 2024R139.1bR101.8bR8.4b13.7x16.5x1.4x
Fri, 02 Aug 2024R156.7bR101.3bR8.4b13.6x18.7x1.5x
Sun, 30 Jun 2024R148.2bR101.3bR8.4b13x17.7x1.5x
Tue, 28 May 2024R140.4bR101.3bR8.4b11.4x16.7x1.4x
Thu, 25 Apr 2024R134.9bR100.0bR8.2b11.9x16.4x1.3x
Sat, 23 Mar 2024R143.8bR100.0bR8.0b15.6x18.1x1.4x
Mon, 19 Feb 2024R140.9bR98.0bR8.4b15.6x16.9x1.4x
Wed, 17 Jan 2024R144.4bR98.7bR8.3b15.8x17.3x1.5x
Fri, 15 Dec 2023R140.9bR98.7bR8.3b15.4x16.9x1.4x
Sun, 12 Nov 2023R128.9bR105.1bR8.5b14.5x15.2x1.2x
Tue, 10 Oct 2023R132.1bR105.1bR8.5b14.6x15.6x1.3x
Thu, 07 Sep 2023R129.8bR105.1bR8.5b14.3x15.3x1.2x
Sat, 05 Aug 2023R142.3bR102.7bR9.0b15.1x15.7x1.4x
Mon, 03 Jul 2023R140.0bR102.7bR9.0b15.2x15.5x1.4x
Wed, 31 May 2023R130.3bR102.7bR9.0b14.3x14.4x1.3x
Fri, 28 Apr 2023R140.4bR99.7bR8.9b16.7x15.8x1.4x
Sun, 26 Mar 2023R135.4bR99.7bR8.4b15.8x16.1x1.4x
Tue, 21 Feb 2023R122.4bR99.6bR9.0b14.3x13.6x1.2x
Price to Earnings Ratio

13.6x


Total Market Cap: R122.4bTotal Earnings: R9.0bTotal Revenue: R99.6bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Healthcare Sector Price to Earnings3Y Average 22x202420252026
Current Industry PE
  • Investors are pessimistic on the South African Healthcare industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The 3-year average PS ratio of 1.2x is higher than the industry's current PS ratio of 0.96x.
Past Earnings Growth
  • Total earnings for the Healthcare industry have declined over the last three years, with the industry now making a loss overall.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, 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 South African Healthcare sector?

ZA Market0.39%
Healthcare8.28%
Pharma12.45%
Healthcare Services2.22%
Industry PE
  • Investors are most optimistic about the Healthcare Services industry which is trading above its 3-year average PE ratio of 42.3x.
    • Analysts are expecting annual earnings growth of 39.3%, which is higher than its past year's earnings growth of 17.3% per year.
Forecasted Growth
  • Analysts are most optimistic on the Pharma industry, expecting annual earnings growth of 48% over the next 5 years.
  • In contrast, the Healthcare Services industry is expected to see its earnings grow by 39% 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
APN Aspen Pharmacare HoldingsR125.1512.5%
+R6.2b		-27.0%PS1.3x
LHC Life Healthcare Group HoldingsR11.313.2%
+R500.9m		-24.0%PS0.6x
NTC NetcareR15.841.4%
+R262.2m		19.5%PE11.4x
CCC Cilo Cybin HoldingsR1.987.0%
+R37.5m		-43.6%PS80x

Latest News

APN
R125.15
Aspen Pharmacare Holdings
7D
12.5%
1Y
-27.0%
LHC
R11.31
Life Healthcare Group Holdings
7D
3.2%
1Y
-24.0%

LHC: JPMorgan Upgrade And Dividend Policy Will Support Future Upside Potential

Analysts have modestly lifted their price target on Life Healthcare Group Holdings to R13.70, citing slightly higher assumptions for revenue growth, profit margins and a marginally lower forward P/E multiple as key drivers of the updated view. Analyst Commentary Recent commentary around Life Healthcare Group Holdings has turned more positive, with some bullish analysts pointing to a more supportive risk reward profile at the updated R13.70 price target.
NTC
R15.84
Netcare
7D
1.4%
1Y
19.5%

Netcare Limited's (JSE:NTC) CEO Compensation Is Looking A Bit Stretched At The Moment

Jan 30
Netcare Limited's (JSE:NTC) CEO Compensation Is Looking A Bit Stretched At The Moment
CCC
R1.98
Cilo Cybin Holdings
7D
7.0%
1Y
-43.6%