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South African (JSE) Healthcare Services Industry Analysis

UpdatedMar 10, 2026
DataAggregated Company Financials
Companies2
  • 7D-5.9%
  • 3M2.6%
  • 1Y-3.0%
  • YTD-1.4%

Over the last 7 days, the Healthcare Services industry has dropped 5.9%, driven by pullbacks from every company within the industry. The industry has fallen 3.0% in the last year. Looking forward, earnings are forecast to grow by 37% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 10 Mar 2026R34.9bR51.7bR121.0m11.4x288.3x0.7x
Thu, 05 Feb 2026R34.2bR51.7bR121.0m11.2x282.8x0.7x
Sat, 03 Jan 2026R35.4bR51.7bR121.0m11.5x292.3x0.7x
Mon, 01 Dec 2025R33.7bR51.7bR121.0m11x278.6x0.7x
Wed, 29 Oct 2025R35.5bR52.6bR595.0m11.8x59.6x0.7x
Fri, 26 Sep 2025R32.9bR52.6bR595.0m11x55.3x0.6x
Sun, 24 Aug 2025R37.0bR52.6bR595.0m11.3x62.2x0.7x
Tue, 22 Jul 2025R36.0bR52.6bR595.0m10.9x60.4x0.7x
Thu, 19 Jun 2025R37.5bR52.6bR595.0m11.6x63x0.7x
Sat, 17 May 2025R38.9bR51.0bR3.4b11.6x11.4x0.8x
Mon, 14 Apr 2025R35.6bR51.0bR3.4b10.6x10.5x0.7x
Wed, 12 Mar 2025R36.6bR51.0bR3.4b10.9x10.8x0.7x
Fri, 07 Feb 2025R39.3bR51.0bR3.4b11.7x11.6x0.8x
Sun, 05 Jan 2025R42.4bR51.0bR3.4b12.6x12.5x0.8x
Tue, 03 Dec 2024R42.6bR51.0bR3.4b12.6x12.5x0.8x
Thu, 31 Oct 2024R41.3bR48.0bR2.7b15.3x15.3x0.9x
Sat, 28 Sep 2024R42.4bR48.0bR2.7b15.7x15.7x0.9x
Mon, 26 Aug 2024R37.3bR48.0bR2.7b13.8x13.8x0.8x
Wed, 24 Jul 2024R34.0bR48.0bR2.7b12.6x12.6x0.7x
Fri, 21 Jun 2024R35.1bR48.0bR2.7b13x13x0.7x
Sun, 19 May 2024R30.5bR46.6bR2.5b12.2x12.2x0.7x
Tue, 16 Apr 2024R29.9bR46.6bR2.5b11.9x11.9x0.6x
Thu, 14 Mar 2024R40.7bR46.6bR2.5b16.2x16.2x0.9x
Sat, 10 Feb 2024R43.4bR46.6bR2.5b17.3x17.3x0.9x
Mon, 08 Jan 2024R44.9bR47.3bR2.5b17.7x18x0.9x
Wed, 06 Dec 2023R44.5bR47.3bR2.5b17.5x17.9x0.9x
Fri, 03 Nov 2023R44.8bR53.7bR2.6b16.5x17x0.8x
Sun, 01 Oct 2023R47.7bR53.7bR2.6b17.5x18.1x0.9x
Tue, 29 Aug 2023R48.5bR53.7bR2.6b17.8x18.4x0.9x
Thu, 27 Jul 2023R48.2bR53.7bR2.6b17.8x18.3x0.9x
Sat, 24 Jun 2023R48.5bR53.7bR2.6b18x18.4x0.9x
Mon, 22 May 2023R49.4bR50.8bR2.5b19.8x19.9x1x
Wed, 19 Apr 2023R47.4bR50.8bR2.5b19.1x19.1x0.9x
Fri, 17 Mar 2023R46.6bR50.7bR2.5b18.7x18.7x0.9x
Price to Earnings Ratio

18.7x


Total Market Cap: R46.6bTotal Earnings: R2.5bTotal Revenue: R50.7bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Healthcare Services Industry Price to Earnings3Y Average 48.4x202420252026
Current Industry PE
    There are only 2 companies in the South African Healthcare industry, so there is insufficient data to make an industry-wide assessment of both the PE and PS ratio.
Past Earnings Growth
  • The earnings for companies in the Healthcare industry have declined 63% per year over the last three years.
  • 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 industry?

ZA Market-7.75%
Healthcare0.18%
Healthcare Services-5.90%
Healthcare Facilities-5.90%
Industry PE
  • Investors are most optimistic about the Healthcare Facilities industry which is trading above its 3-year average PE ratio of 48.4x.
    • Analysts are expecting annual earnings growth of 36.7%, which is higher than its past year's earnings growth of 17.3% per year.
  • Investors are most pessimistic about the Healthcare Facilities industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 48.4x.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare Facilities industry, expecting annual earnings growth of 37% over the next 5 years.
  • This is better than its past earnings growth rate of 17% per year.
  • In contrast, the Healthcare Facilities 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?

CompanyLast Price7D1YValuation
NTC NetcareR16.391.0%
+R190.7m		26.1%PE11.8x
LHC Life Healthcare Group HoldingsR11.350.4%
+R71.6m		-19.6%PS0.6x

Latest News

LHC
R11.35
Life Healthcare Group Holdings
7D
0.4%
1Y
-19.6%

LHC: JPMorgan Upgrade And Margin Resilience Will Support Future Return Potential

Narrative update on Life Healthcare Group Holdings Analysts have lifted their price target on Life Healthcare Group Holdings to ZAR12.86. The change is linked to updated views on its fair value, discount rate, revenue growth, profit margin and future P/E assumptions reflected in recent research such as the JPMorgan upgrade.
NTC
R16.39
Netcare
7D
1.0%
1Y
26.1%

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.