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South African (JSE) Healthcare Sector Analysis

UpdatedJan 24, 2026
DataAggregated Company Financials
Companies4
  • 7D-5.2%
  • 3M5.9%
  • 1Y-26.7%
  • YTD-0.4%

Over the last 7 days, the Healthcare industry has dropped 4.3%, driven by pullbacks from every company within the industry. Overall the industry is down 25% in 12 months. As for the next few years, earnings are expected to grow by 46% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 24 Jan 2026R86.0bR95.1b-R1,180,655,123.0011.3x-72.9x0.9x
Mon, 22 Dec 2025R78.9bR95.1b-R1,180,655,123.0011.2x-66.8x0.8x
Wed, 19 Nov 2025R77.4bR95.9b-R477,308,716.0032.4x-162.1x0.8x
Fri, 17 Oct 2025R91.7bR105.7bR381.2m12.6x240.5x0.9x
Sun, 14 Sep 2025R94.6bR105.7bR381.2m12.4x248.1x0.9x
Tue, 12 Aug 2025R96.3bR108.4bR5.9b12.2x16.5x0.9x
Thu, 10 Jul 2025R97.5bR108.4bR5.9b11.4x16.7x0.9x
Sat, 07 Jun 2025R100.3bR108.4bR5.9b12x17.1x0.9x
Mon, 05 May 2025R102.4bR106.9bR8.7b12.2x11.8x1x
Wed, 02 Apr 2025R117.8bR106.9bR8.7b14x13.6x1.1x
Fri, 28 Feb 2025R121.2bR106.8bR8.6b12.3x14.1x1.1x
Sun, 26 Jan 2025R127.8bR106.8bR8.7b12.4x14.8x1.2x
Tue, 24 Dec 2024R130.8bR106.8bR8.7b13.2x15.1x1.2x
Thu, 21 Nov 2024R130.3bR103.8bR8.0b16x16.4x1.3x
Sat, 19 Oct 2024R134.2bR103.8bR8.0b15.6x16.9x1.3x
Mon, 16 Sep 2024R132.6bR103.8bR8.0b13.7x16.7x1.3x
Wed, 14 Aug 2024R144.6bR101.3bR8.4b13.3x17.2x1.4x
Fri, 12 Jul 2024R147.4bR101.3bR8.4b12.5x17.6x1.5x
Sun, 09 Jun 2024R144.8bR101.3bR8.4b12x17.3x1.4x
Tue, 07 May 2024R140.0bR100.0bR8.2b11.9x17.1x1.4x
Thu, 04 Apr 2024R136.9bR100.0bR8.2b12.4x16.7x1.4x
Sat, 02 Mar 2024R139.7bR98.0bR8.3b15.5x16.8x1.4x
Mon, 29 Jan 2024R144.2bR98.7bR8.3b15.9x17.3x1.5x
Wed, 27 Dec 2023R142.4bR98.7bR8.3b15.6x17.1x1.4x
Fri, 24 Nov 2023R132.7bR98.7bR8.3b14.7x15.9x1.3x
Sun, 22 Oct 2023R127.1bR105.1bR8.5b14.3x15x1.2x
Tue, 19 Sep 2023R132.5bR105.1bR8.5b14.7x15.6x1.3x
Thu, 17 Aug 2023R144.3bR102.7bR9.0b15.1x16x1.4x
Sat, 15 Jul 2023R138.7bR102.7bR9.0b14.9x15.3x1.4x
Mon, 12 Jun 2023R136.7bR102.7bR9.0b15.1x15.1x1.3x
Wed, 10 May 2023R140.0bR99.7bR8.9b16.7x15.7x1.4x
Fri, 07 Apr 2023R140.2bR99.7bR8.9b16.3x15.8x1.4x
Sun, 05 Mar 2023R134.0bR99.7bR8.4b15.7x15.9x1.3x
Tue, 31 Jan 2023R118.7bR99.6bR9.0b13.1x13.2x1.2x
Price to Earnings Ratio

13.2x


Total Market Cap: R118.7bTotal Earnings: R9.0bTotal Revenue: R99.6bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Healthcare Sector Price to Earnings3Y Average 23.6x202420252026
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 0.92x.
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 Market2.10%
Healthcare-5.23%
Healthcare Services-3.17%
Pharma-6.61%
Industry PE
  • Investors are most optimistic about the Healthcare Services industry which is trading above its 3-year average PE ratio of 36.9x.
    • Analysts are expecting annual earnings growth of 43.2%, 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 43% 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
No data available

Latest News

LHC
R11.60
Life Healthcare Group Holdings
7D
-1.7%
1Y
-27.2%

LHC: JPMorgan Upgrade And Dividend Will Support Future Re-Rating Potential

Analysts have trimmed their price target on Life Healthcare Group Holdings to R13.70 from R14.50. They cite updated assumptions on long term revenue growth, profit margins and future P/E multiples following recent research updates.
NTC
R15.71
Netcare
7D
-4.4%
1Y
8.0%

NTC: Dividend Clarity And Margin Outlook Will Support A Balanced Shareview

Narrative Update on Netcare The analyst price target for Netcare has shifted from R16.42 to R17.04. Analysts link this change to updated assumptions for the discount rate, revenue growth, profit margin and future P/E levels.
APN
R112.91
Aspen Pharmacare Holdings
7D
-6.7%
1Y
-34.1%

Aspen Pharmacare Holdings Limited's (JSE:APN) 29% Share Price Surge Not Quite Adding Up

Jan 10
Aspen Pharmacare Holdings Limited's (JSE:APN) 29% Share Price Surge Not Quite Adding Up