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South African (JSE) Healthcare Sector Analysis

UpdatedFeb 03, 2026
DataAggregated Company Financials
Companies4
  • 7D-3.3%
  • 3M6.2%
  • 1Y-28.9%
  • YTD-3.7%

Over the last 7 days, the Healthcare industry has dropped 3.3%, driven by pullbacks from every company within the industry. However, the industry is down 29% over the past year. 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
Tue, 03 Feb 2026R83.2bR95.1b-R1,180,655,123.0011.2x-70.4x0.9x
Thu, 01 Jan 2026R87.6bR95.1b-R1,180,655,123.0011.4x-74.2x0.9x
Sat, 29 Nov 2025R77.3bR95.1b-R1,082,378,123.0031x-71.4x0.8x
Mon, 27 Oct 2025R92.3bR105.7bR381.2m12.7x242.2x0.9x
Wed, 24 Sep 2025R89.0bR105.7bR381.2m12.3x233.4x0.8x
Fri, 22 Aug 2025R97.4bR108.4bR5.9b12.4x16.6x0.9x
Sun, 20 Jul 2025R94.7bR108.4bR5.9b11.1x16.2x0.9x
Tue, 17 Jun 2025R98.5bR108.4bR5.9b11.8x16.8x0.9x
Thu, 15 May 2025R101.0bR106.9bR8.7b12.1x11.7x0.9x
Sat, 12 Apr 2025R109.9bR106.9bR8.7b13.1x12.7x1x
Mon, 10 Mar 2025R123.6bR107.6bR8.7b12x14.2x1.1x
Wed, 05 Feb 2025R127.1bR106.8bR8.7b12x14.7x1.2x
Fri, 03 Jan 2025R127.8bR106.8bR8.7b14.1x14.8x1.2x
Sun, 01 Dec 2024R126.9bR106.8bR8.7b12.7x14.7x1.2x
Tue, 29 Oct 2024R135.0bR103.8bR8.0b16x17x1.3x
Thu, 26 Sep 2024R140.7bR103.8bR8.0b15.9x17.7x1.4x
Sat, 24 Aug 2024R152.8bR101.8bR8.3b14.4x18.4x1.5x
Mon, 22 Jul 2024R145.1bR101.3bR8.4b12.9x17.3x1.4x
Wed, 19 Jun 2024R150.2bR101.3bR8.4b13.2x17.9x1.5x
Fri, 17 May 2024R142.4bR100.0bR8.2b12.2x17.4x1.4x
Sun, 14 Apr 2024R136.4bR100.0bR8.2b11.8x16.6x1.4x
Tue, 12 Mar 2024R141.6bR100.0bR8.0b15.9x17.8x1.4x
Thu, 08 Feb 2024R139.4bR98.0bR8.4b15.5x16.7x1.4x
Sat, 06 Jan 2024R143.8bR98.7bR8.3b15.7x17.3x1.5x
Mon, 04 Dec 2023R135.7bR98.7bR8.3b15.1x16.3x1.4x
Wed, 01 Nov 2023R128.5bR105.1bR8.5b14.5x15.2x1.2x
Fri, 29 Sep 2023R133.8bR105.1bR8.5b14.9x15.8x1.3x
Sun, 27 Aug 2023R140.1bR102.8bR9.1b14.7x15.5x1.4x
Tue, 25 Jul 2023R143.8bR102.7bR9.0b15.2x15.9x1.4x
Thu, 22 Jun 2023R139.6bR102.7bR9.0b15.2x15.4x1.4x
Sat, 20 May 2023R132.6bR99.7bR8.9b16x14.9x1.3x
Mon, 17 Apr 2023R139.1bR99.7bR8.9b16.2x15.6x1.4x
Wed, 15 Mar 2023R136.4bR99.7bR8.4b15.9x16.2x1.4x
Fri, 10 Feb 2023R117.7bR99.6bR9.0b13.2x13.1x1.2x
Price to Earnings Ratio

13.1x


Total Market Cap: R117.7bTotal Earnings: R9.0bTotal Revenue: R99.6bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Healthcare Sector Price to Earnings3Y Average 22.8x202420252026
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 0.87x.
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-3.78%
Healthcare-3.35%
Healthcare Services-2.85%
Pharma-3.70%
Industry PE
  • Investors are most optimistic about the Healthcare Services industry which is trading above its 3-year average PE ratio of 39.6x.
    • Analysts are expecting annual earnings growth of 42.8%, 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

NTC
R15.54
Netcare
7D
-2.1%
1Y
13.8%

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
LHC
R11.11
Life Healthcare Group Holdings
7D
-3.7%
1Y
-27.6%

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.
APN
R108.49
Aspen Pharmacare Holdings
7D
-3.7%
1Y
-37.8%

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
CCC
R1.99
Cilo Cybin Holdings
7D
-0.5%
1Y
-53.9%