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South African (JSE) Healthcare Sector Analysis
UpdatedApr 04, 2026
DataAggregated Company Financials
Companies4
- 7D4.2%
- 3M12.0%
- 1Y-4.7%
- YTD12.0%
Over the last 7 days, the Healthcare industry has risen 4.2%, driven by gains from every company within the industry. In the past year, the industry is down 4.7%. Looking forward, earnings are forecast to grow by 49% 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, 05 Apr 2026 | R96.7b | R94.3b | -R1,903,655,123.00 | 12.1x | -50.8x | 1x |
| Tue, 03 Mar 2026 | R98.4b | R95.1b | -R1,180,655,123.00 | 12.4x | -83.3x | 1x |
| Thu, 29 Jan 2026 | R84.5b | R95.1b | -R1,180,655,123.00 | 11.2x | -71.6x | 0.9x |
| Sat, 27 Dec 2025 | R78.0b | R95.1b | -R1,180,655,123.00 | 11.4x | -66x | 0.8x |
| Mon, 24 Nov 2025 | R75.0b | R95.9b | -R695,378,123.00 | 32.6x | -107.9x | 0.8x |
| Wed, 22 Oct 2025 | R91.1b | R105.7b | R381.2m | 12.7x | 239x | 0.9x |
| Fri, 19 Sep 2025 | R89.5b | R105.7b | R381.2m | 12.3x | 234.7x | 0.8x |
| Sun, 17 Aug 2025 | R97.8b | R108.4b | R5.9b | 12.3x | 16.7x | 0.9x |
| Tue, 15 Jul 2025 | R95.3b | R108.4b | R5.9b | 11x | 16.3x | 0.9x |
| Thu, 12 Jun 2025 | R100.5b | R108.4b | R5.9b | 12.1x | 17.2x | 0.9x |
| Sat, 10 May 2025 | R101.9b | R106.9b | R8.7b | 12.2x | 11.8x | 1x |
| Mon, 07 Apr 2025 | R108.8b | R106.9b | R8.7b | 13x | 12.6x | 1x |
| Wed, 05 Mar 2025 | R124.9b | R107.6b | R8.7b | 11.9x | 14.4x | 1.2x |
| Fri, 31 Jan 2025 | R130.8b | R106.8b | R8.7b | 12.7x | 15.1x | 1.2x |
| Sun, 29 Dec 2024 | R128.3b | R106.8b | R8.7b | 13.1x | 14.8x | 1.2x |
| Tue, 26 Nov 2024 | R128.3b | R103.8b | R8.0b | 15.8x | 16.1x | 1.2x |
| Thu, 24 Oct 2024 | R133.7b | R103.8b | R8.0b | 15.8x | 16.8x | 1.3x |
| Sat, 21 Sep 2024 | R136.1b | R103.8b | R8.0b | 15.2x | 17.1x | 1.3x |
| Mon, 19 Aug 2024 | R147.2b | R101.3b | R8.4b | 13.7x | 17.6x | 1.5x |
| Wed, 17 Jul 2024 | R147.2b | R101.3b | R8.4b | 12.9x | 17.6x | 1.5x |
| Fri, 14 Jun 2024 | R143.0b | R101.3b | R8.4b | 12x | 17.1x | 1.4x |
| Sun, 12 May 2024 | R142.0b | R100.0b | R8.2b | 12.3x | 17.3x | 1.4x |
| Tue, 09 Apr 2024 | R137.9b | R100.0b | R8.2b | 12.5x | 16.8x | 1.4x |
| Thu, 07 Mar 2024 | R139.8b | R100.0b | R8.0b | 15.8x | 17.5x | 1.4x |
| Sat, 03 Feb 2024 | R138.5b | R98.7b | R8.3b | 15.3x | 16.6x | 1.4x |
| Mon, 01 Jan 2024 | R145.8b | R98.7b | R8.3b | 16.1x | 17.5x | 1.5x |
| Wed, 29 Nov 2023 | R134.1b | R98.7b | R8.3b | 14.9x | 16.1x | 1.4x |
| Fri, 27 Oct 2023 | R126.4b | R105.1b | R8.5b | 14.2x | 14.9x | 1.2x |
| Sun, 24 Sep 2023 | R133.3b | R105.1b | R8.5b | 14.9x | 15.7x | 1.3x |
| Tue, 22 Aug 2023 | R139.7b | R102.7b | R9.0b | 14.9x | 15.4x | 1.4x |
| Thu, 20 Jul 2023 | R140.4b | R102.7b | R9.0b | 15x | 15.5x | 1.4x |
| Sat, 17 Jun 2023 | R142.4b | R102.7b | R9.0b | 15.4x | 15.7x | 1.4x |
| Mon, 15 May 2023 | R137.4b | R99.7b | R8.9b | 16.3x | 15.4x | 1.4x |
| Wed, 12 Apr 2023 | R139.7b | R99.7b | R8.9b | 16.3x | 15.7x | 1.4x |
Price to Earnings Ratio
15.7x
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 1.0x.
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 Market | 2.87% | |
| Healthcare | 4.22% | |
| Pharma | 4.80% | |
| Healthcare Services | 3.29% | |
Industry PE
- Investors are most optimistic about the Healthcare Services industry which is trading above its 3-year average PE ratio of 54.7x.
- Analysts are expecting annual earnings growth of 36.7%, 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 56% over the next 5 years.
- In contrast, the Healthcare Services industry is expected to see its earnings grow by 37% 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 | |
|---|---|---|---|---|---|
| APN Aspen Pharmacare Holdings | R134.11 | 4.8% +R2.7b | -10.7% | PS1.4x | |
| LHC Life Healthcare Group Holdings | R11.80 | 5.1% +R815.7m | -10.7% | PS0.7x | |
| NTC Netcare | R16.76 | 1.8% +R357.5m | 34.1% | PE12.1x |