Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

South African (JSE) Healthcare Sector Analysis

UpdatedFeb 24, 2026
DataAggregated Company Financials
Companies4
  • 7D4.8%
  • 3M25.1%
  • 1Y-18.1%
  • YTD9.4%

Over the last 7 days, the Healthcare industry has risen 1.7%, driven by gains from Aspen Pharmacare Holdings of 2.2%. During this same period, the Cilo Cybin Holdings underperformed, falling 14%. In the past year, the industry is down 20%. Looking forward, 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
Tue, 24 Feb 2026R94.4bR95.1b-R1,180,655,123.0011.9x-80x1x
Thu, 22 Jan 2026R86.2bR95.1b-R1,180,655,123.0011.5x-73x0.9x
Sat, 20 Dec 2025R78.9bR95.1b-R1,180,655,123.0011.2x-66.8x0.8x
Mon, 17 Nov 2025R78.8bR95.9b-R477,308,716.0032.2x-165.2x0.8x
Wed, 15 Oct 2025R91.6bR105.7bR381.2m12.6x240.4x0.9x
Fri, 12 Sep 2025R95.5bR105.7bR381.2m12.4x250.6x0.9x
Sun, 10 Aug 2025R97.2bR108.4bR5.9b12.3x16.6x0.9x
Tue, 08 Jul 2025R98.7bR108.4bR5.9b11.6x16.9x0.9x
Thu, 05 Jun 2025R100.7bR108.4bR5.9b12x17.2x0.9x
Sat, 03 May 2025R102.4bR106.9bR8.7b12.2x11.8x1x
Mon, 31 Mar 2025R118.5bR106.9bR8.7b14.1x13.7x1.1x
Wed, 26 Feb 2025R125.7bR106.8bR8.6b12.1x14.6x1.2x
Fri, 24 Jan 2025R127.5bR106.8bR8.7b12.5x14.7x1.2x
Sun, 22 Dec 2024R130.2bR106.8bR8.7b13.4x15x1.2x
Tue, 19 Nov 2024R129.9bR103.8bR8.0b15.9x16.3x1.3x
Thu, 17 Oct 2024R138.3bR103.8bR8.0b15.9x17.4x1.3x
Sat, 14 Sep 2024R132.6bR103.8bR8.0b13.7x16.7x1.3x
Mon, 12 Aug 2024R147.4bR101.3bR8.4b13.2x17.6x1.5x
Wed, 10 Jul 2024R148.4bR101.3bR8.4b12.7x17.7x1.5x
Fri, 07 Jun 2024R143.1bR101.3bR8.4b11.6x17.1x1.4x
Sun, 05 May 2024R139.3bR100.0bR8.2b11.8x17x1.4x
Tue, 02 Apr 2024R146.7bR100.0bR8.2b16x17.9x1.5x
Thu, 29 Feb 2024R137.3bR98.0bR8.3b15.2x16.5x1.4x
Sat, 27 Jan 2024R144.2bR98.7bR8.3b15.9x17.3x1.5x
Mon, 25 Dec 2023R142.4bR98.7bR8.3b15.6x17.1x1.4x
Wed, 22 Nov 2023R130.5bR97.8bR8.3b15x15.8x1.3x
Fri, 20 Oct 2023R128.2bR105.1bR8.5b14.4x15.1x1.2x
Sun, 17 Sep 2023R131.5bR105.1bR8.5b14.6x15.5x1.3x
Tue, 15 Aug 2023R143.3bR102.7bR9.0b15.1x15.8x1.4x
Thu, 13 Jul 2023R138.2bR102.7bR9.0b14.8x15.3x1.3x
Sat, 10 Jun 2023R136.7bR102.7bR9.0b15.1x15.1x1.3x
Mon, 08 May 2023R140.5bR99.7bR8.9b16.7x15.8x1.4x
Wed, 05 Apr 2023R139.2bR99.7bR8.9b16.3x15.6x1.4x
Fri, 03 Mar 2023R132.4bR99.9bR9.1b14.9x14.6x1.3x
Price to Earnings Ratio

14.6x


Total Market Cap: R132.4bTotal Earnings: R9.1bTotal Revenue: R99.9bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Healthcare Sector Price to Earnings3Y Average 21.2x202420252026
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 0.98x.
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 Market2.33%
Healthcare4.83%
Healthcare Services6.09%
Pharma4.04%
Industry PE
  • Investors are most optimistic about the Healthcare Services industry which is trading above its 3-year average PE ratio of 44.6x.
    • Analysts are expecting annual earnings growth of 39.6%, 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 40% 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 HoldingsR129.884.7%
+R2.6b		-25.9%PS1.3x
LHC Life Healthcare Group HoldingsR11.935.0%
+R815.7m		-20.8%PS0.7x
NTC NetcareR16.504.2%
+R798.5m		21.1%PE11.9x

Latest News

NTC
R16.50
Netcare
7D
4.2%
1Y
21.1%

NTC: Dividend Payout And Share Buybacks Will Support A Balanced Outlook

Analysts have nudged their Netcare fair value estimate slightly higher from ZAR17.04 to ZAR17.08, citing updated assumptions around discount rates, revenue growth, profit margins, and a modestly adjusted future P/E multiple. What's in the News On January 29, 2026, Ninety One SA (Pty) Ltd.
LHC
R11.93
Life Healthcare Group Holdings
7D
5.0%
1Y
-20.8%
APN
R129.88
Aspen Pharmacare Holdings
7D
4.7%
1Y
-25.9%
CCC
R1.60
Cilo Cybin Holdings
7D
-19.2%
1Y
-62.3%