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

South African (JSE) Healthcare Sector Analysis

UpdatedFeb 19, 2026
DataAggregated Company Financials
Companies4
  • 7D10.6%
  • 3M20.9%
  • 1Y-19.4%
  • YTD6.6%

All of the companies in the Healthcare industry have been up over the last week, with the industry up 11%. In contrast, the industry has lost 19% in the last 12 months. 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
Thu, 19 Feb 2026R92.0bR95.1b-R1,180,655,123.0011.6x-77.9x1x
Sat, 17 Jan 2026R90.8bR95.1b-R1,180,655,123.0011.8x-76.9x1x
Mon, 15 Dec 2025R76.2bR95.1b-R1,180,655,123.0010.8x-64.5x0.8x
Wed, 12 Nov 2025R89.0bR105.7bR381.2m12.8x233.6x0.8x
Fri, 10 Oct 2025R89.5bR105.7bR381.2m12.6x234.8x0.8x
Sun, 07 Sep 2025R93.3bR105.7bR381.2m12.3x244.7x0.9x
Tue, 05 Aug 2025R97.7bR108.4bR5.9b12.4x16.7x0.9x
Thu, 03 Jul 2025R98.8bR108.4bR5.9b11.5x16.9x0.9x
Sat, 31 May 2025R101.3bR108.4bR5.9b12.1x17.3x0.9x
Mon, 28 Apr 2025R98.2bR106.9bR8.7b11.7x11.3x0.9x
Wed, 26 Mar 2025R120.4bR107.6bR8.7b12x13.9x1.1x
Fri, 21 Feb 2025R123.4bR106.8bR8.7b12x14.3x1.2x
Sun, 19 Jan 2025R127.6bR106.8bR8.7b13.2x14.7x1.2x
Tue, 17 Dec 2024R129.5bR106.8bR8.7b13x15x1.2x
Thu, 14 Nov 2024R130.6bR103.8bR8.0b15.9x16.4x1.3x
Sat, 12 Oct 2024R140.5bR103.8bR8.0b16x17.7x1.4x
Mon, 09 Sep 2024R136.4bR103.8bR8.0b13.9x17.1x1.3x
Wed, 07 Aug 2024R149.0bR101.3bR8.4b13.2x17.8x1.5x
Fri, 05 Jul 2024R147.6bR101.3bR8.4b13x17.6x1.5x
Sun, 02 Jun 2024R142.8bR101.3bR8.4b11.3x17x1.4x
Tue, 30 Apr 2024R138.8bR100.0bR8.2b12.2x16.9x1.4x
Thu, 28 Mar 2024R146.4bR100.0bR8.0b16x18.4x1.5x
Sat, 24 Feb 2024R139.1bR98.0bR8.3b15.5x16.7x1.4x
Mon, 22 Jan 2024R146.4bR98.7bR8.3b16.3x17.6x1.5x
Wed, 20 Dec 2023R139.9bR98.7bR8.3b15.2x16.8x1.4x
Fri, 17 Nov 2023R132.3bR105.1bR8.5b14.5x15.6x1.3x
Sun, 15 Oct 2023R130.6bR105.1bR8.5b14.6x15.4x1.2x
Tue, 12 Sep 2023R130.3bR105.1bR8.5b14.5x15.4x1.2x
Thu, 10 Aug 2023R144.6bR102.7bR9.0b15.3x16x1.4x
Sat, 08 Jul 2023R137.4bR102.7bR9.0b14.8x15.2x1.3x
Mon, 05 Jun 2023R133.5bR102.7bR9.0b14.6x14.8x1.3x
Wed, 03 May 2023R140.6bR99.7bR8.9b16.7x15.8x1.4x
Fri, 31 Mar 2023R139.2bR99.7bR8.9b16.3x15.6x1.4x
Sun, 26 Feb 2023R123.6bR99.6bR9.0b14.8x13.7x1.2x
Price to Earnings Ratio

13.7x


Total Market Cap: R123.6bTotal Earnings: R9.0bTotal Revenue: R99.6bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Healthcare Sector Price to Earnings3Y Average 21.6x202420252026
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 0.97x.
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 Market0.91%
Healthcare10.57%
Pharma14.46%
Healthcare Services5.00%
Industry PE
  • Investors are most optimistic about the Healthcare Services industry which is trading above its 3-year average PE ratio of 43.5x.
    • 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 HoldingsR125.0014.6%
+R7.1b		-26.5%PS1.3x
LHC Life Healthcare Group HoldingsR11.736.6%
+R1.0b		-21.4%PS0.7x
NTC NetcareR16.073.6%
+R667.4m		19.4%PE11.6x

Latest News

LHC
R11.73
Life Healthcare Group Holdings
7D
6.6%
1Y
-21.4%

LHC: JPMorgan Upgrade And Dividend Will Support Future Return Potential

Analysts have nudged their ZAR fair value estimate for Life Healthcare Group Holdings from ZAR12.90 to ZAR12.86, reflecting updated assumptions around discount rates, revenue growth, profit margins and future P/E expectations following recent supportive Street research, including an upgrade highlighted by JPMorgan. Analyst Commentary Bullish Takeaways Bullish analysts point to the recent JPMorgan upgrade as a signal that the current ZAR12.86 fair value still leaves room for upside if the group executes consistently on its core healthcare operations.
APN
R125.00
Aspen Pharmacare Holdings
7D
14.6%
1Y
-26.5%
NTC
R16.07
Netcare
7D
3.6%
1Y
19.4%

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