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| Company | Headquarters | Sector | Stock Price | Enterprise Value | EV/Revenue | EV/EBITDA |
|---|---|---|---|---|---|---|
| HCA Healthcare | United States of America | Hospitals & Clinics | $466 | $155B | 2.1x | 10.2x |
| Fresenius | Germany | Hospitals & Clinics, Medical Supplies, Drug Development & Therapeutics | €49 | $45.8B | 1.8x | 10.5x |
| Tenet Healthcare | United States of America | Hospitals & Clinics, Revenue Cycle Management | $205 | $28.3B | 1.3x | 6.4x |
| Dr. Sulaiman Al Habib | Saudi Arabia | Hospitals & Clinics, Pharmacies | SAR 270 | $27.0B | 7.6x | 31.3x |
| DaVita | United States of America | Hospitals & Clinics | $130 | $21.3B | 1.6x | 7.7x |
| IHH Healthcare | Malaysia | Hospitals & Clinics | MYR 8 | $20.4B | 3.4x | 15.3x |
| Universal Health Services | United States of America | Hospitals & Clinics | $219 | $19.0B | 1.1x | 7.6x |
| Rede D'Or São Luiz | Brazil | Hospitals & Clinics | BRL 43 | $17.6B | 1.7x | 9.9x |
| Aier EYE Hospital Group | China | Hospitals & Clinics | CNY 12 | $16.0B | 5.0x | 17.1x |
| Encompass Health | United States of America | Hospitals & Clinics | $126 | $15.3B | 2.6x | 12.6x |
| Max Healthcare Institute | India | Hospitals & Clinics | INR 1180 | $13.3B | 11.8x | 45.8x |
| Apollo Hospitals | India | Hospitals & Clinics | INR 7880 | $13.3B | 4.9x | 33.8x |
| Ramsay Health | Australia | Hospitals & Clinics | AUD 32 | $12.1B | 1.0x | 8.4x |
| Community Health Systems | United States of America | Hospitals & Clinics | $4 | $11.7B | 0.9x | 7.7x |
| PureHealth | United Arab Emirates | Hospitals & Clinics | AED 3 | $10.1B | 1.3x | 8.1x |
| Bangkok Dusit Medical Services | Thailand | Hospitals & Clinics, Laboratory Services | THB 19 | $9.6B | 2.8x | 11.7x |
| Fortis Healthcare | India | Hospitals & Clinics | INR 1058 | $9.3B | 9.5x | 43.3x |
| Mayapada Hospital | Indonesia | Hospitals & Clinics | IDR 11725 | $8.8B | N/A | N/A |
| Surgery Partners | United States of America | Hospitals & Clinics | $23 | $6.6B | 2.0x | 12.0x |
| Medicover | Sweden | Hospitals & Clinics | SEK 264 | $5.8B | 2.1x | 13.4x |
| Option Care Health | United States of America | Hospitals & Clinics | $28 | $5.6B | 1.0x | 12.1x |
| Ramsay Santé | France | Hospitals & Clinics | €9 | $5.5B | N/A | N/A |
| Dallah Healthcare | Saudi Arabia | Hospitals & Clinics | SAR 154 | $5.0B | 4.8x | 22.4x |
| Concentra Group | United States of America | Hospitals & Clinics | $21 | $4.8B | 2.3x | 11.4x |
| Select Medical | United States of America | Hospitals & Clinics | $14 | $4.6B | 0.9x | 8.8x |
| PACS Group | United States of America | Hospitals & Clinics | $12 | $4.5B | 1.0x | 9.9x |
| Acadia Healthcare | United States of America | Hospitals & Clinics | $23 | $4.4B | 1.3x | 6.4x |
| Mouwasat | Saudi Arabia | Hospitals & Clinics | SAR 76 | $4.2B | 5.0x | 14.7x |
| Narayana Health | India | Hospitals & Clinics | INR 1776 | $4.2B | 6.1x | 26.3x |
| Aster DM Healthcare | India | Hospitals & Clinics | INR 699 | $4.2B | 8.2x | 42.3x |
| Medanta | India | Hospitals & Clinics | INR 1355 | $4.1B | 8.8x | 37.0x |
| Asker Healthcare Group | Sweden | Hospitals & Clinics | SEK 86 | $3.9B | 2.2x | 19.7x |
| Ardent Health | United States of America | Hospitals & Clinics | $15 | $3.9B | 0.6x | 6.7x |
| Bumrungrad Hospital | Thailand | Hospitals & Clinics | THB 176 | $3.9B | 5.0x | 12.6x |
| Kpj Healthcare | Malaysia | Hospitals & Clinics | MYR 3 | $3.7B | 3.8x | 15.8x |
| Krishna Institute | India | Hospitals & Clinics | INR 722 | $3.6B | 8.8x | 36.8x |
| Meinian Onehealth | China | Hospitals & Clinics | CNY 5 | $3.5B | 2.2x | 12.4x |
| IKS Health | India | Hospitals & Clinics | INR 1548 | $3.0B | 9.0x | 29.5x |
| Spire Healthcare Group | United Kingdom of Great Britain and Northern Ireland | Hospitals & Clinics | £2 | $3.0B | 1.4x | 8.2x |
| Topchoice Medical | China | Hospitals & Clinics | CNY 43 | $2.8B | 6.6x | 20.0x |
| Dr. Soliman Abdul Kader | Saudi Arabia | Hospitals & Clinics | SAR 42 | $2.8B | 3.4x | 19.8x |
| Burjeel Holdings | United Arab Emirates | Hospitals & Clinics | AED 1 | $2.6B | 1.8x | 9.1x |
| Dentalcorp | Canada | Hospitals & Clinics | CAD 11 | $2.5B | 2.1x | 11.1x |
| Akdital | Morocco | Hospitals & Clinics | MAD 1392 | $2.4B | 4.8x | 16.4x |
| LifeStance Health | United States of America | Hospitals & Clinics | $5 | $2.3B | 1.6x | 16.2x |
| National Medical Care | Saudi Arabia | Hospitals & Clinics | SAR 175 | $2.1B | 5.0x | 16.8x |
| Mitra Keluarga | Indonesia | Hospitals & Clinics | IDR 2660 | $2.1B | 6.6x | 17.6x |
| Thomson Medical | Singapore | Hospitals & Clinics | SGD 0 | $2.0B | 6.3x | 36.5x |
| Terveystalo | Finland | Hospitals & Clinics | €9 | $2.0B | 1.3x | 6.9x |
| Dr Agarwals | India | Hospitals & Clinics | INR 516 | $1.9B | 8.7x | 32.6x |
| Middle East Healthcare | Saudi Arabia | Hospitals & Clinics | SAR 52 | $1.9B | 2.3x | 10.1x |
| Guardian Pharmacy Service | United States of America | Hospitals & Clinics | $30 | $1.9B | 1.4x | 19.0x |
| Pediatrix | United States of America | Hospitals & Clinics | $18 | $1.9B | 1.0x | 7.5x |
| Diagnosticos America | Brazil | Laboratory Services, Medical Imaging & Diagnostics, Hospitals & Clinics | BRL 2 | $1.8B | 0.6x | 4.4x |
| Huaxia Eye Hospital Group | China | Hospitals & Clinics | CNY 19 | $1.8B | 3.1x | 14.3x |
| Medical Park | Turkey | Hospitals & Clinics | TRY 332 | $1.7B | 1.3x | 5.3x |
| AMN Healthcare Services | United States of America | Hospitals & Clinics | $21 | $1.7B | 0.6x | 7.2x |
| Netcare | South Africa | Hospitals & Clinics | ZAR 15 | $1.7B | 1.1x | 5.9x |
| Astrana Health | United States of America | Hospitals & Clinics | $34 | $1.7B | 0.6x | 7.9x |
| Aevis Victoria | Switzerland | Hospitals & Clinics | CHF 13 | $1.6B | 1.2x | 13.1x |
| U.S. Physical Therapy | United States of America | Hospitals & Clinics | $90 | $1.6B | 2.2x | 17.7x |
| Siloam Hospitals | Indonesia | Hospitals & Clinics | IDR 1915 | $1.6B | 2.0x | 8.6x |
| Hermina Hospitals | Indonesia | Hospitals & Clinics | IDR 1500 | $1.5B | 3.6x | 13.4x |
| Hammadi | Saudi Arabia | Hospitals & Clinics | SAR 35 | $1.5B | 4.5x | 13.7x |
| Med Life | Romania | Hospitals & Clinics | RON 9 | $1.4B | 2.1x | 14.0x |
| Auna | United States of America | Hospitals & Clinics | $6 | $1.4B | 1.1x | 5.2x |
| HCG Hospitals | India | Hospitals & Clinics | INR 729 | $1.3B | 4.9x | 27.0x |
| WELL Health | Canada | Hospitals & Clinics | CAD 5 | $1.3B | 1.3x | 10.4x |
| Odontoprev | Brazil | Hospitals & Clinics | BRL 13 | $1.3B | 2.8x | 8.9x |
| LNA Sante | France | Hospitals & Clinics, Long-Term Care | €23 | $1.2B | 1.2x | 7.3x |
| Life Healthcare Group | South Africa | Hospitals & Clinics | ZAR 12 | $1.2B | 0.8x | 4.4x |
| Pennant Group | United States of America | Hospitals & Clinics | $26 | $1.2B | 1.4x | 17.3x |
| Oncoclinicas Do Brasil | Brazil | Hospitals & Clinics | BRL 2 | $1.1B | 1.0x | 6.8x |
| Nutex Health | United States of America | Hospitals & Clinics, Health Data & Analytics | $129 | $971M | 1.2x | 3.9x |
| Integral Diagnostics | Australia | Hospitals & Clinics, Medical Imaging & Diagnostics, Laboratory Services | AUD 3 | $967M | 2.2x | 10.9x |
| AirSculpt | United States of America | Hospitals & Clinics | $12 | $800M | 4.8x | 45.7x |
| Garofalo Health Care | Italy | Hospitals & Clinics | €5 | $788M | 1.4x | 8.3x |
| Clinica Baviera | Spain | Hospitals & Clinics, Medical Imaging & Diagnostics, Laboratory Services | €42 | $751M | 2.2x | 8.1x |
| Humana | Sweden | Hospitals & Clinics | SEK 47 | $692M | 0.6x | 5.8x |
| Concord Medical | Hong Kong | Hospitals & Clinics | HKD 3 | $690M | N/A | N/A |
| Pihlajalinna | Finland | Hospitals & Clinics | €17 | $628M | 0.8x | 4.8x |
| MediClin | Germany | Hospitals & Clinics | €4 | $606M | 0.7x | 4.9x |
| Rhoen Klinikum | Germany | Hospitals & Clinics | €12 | $582M | N/A | N/A |
| Hospital Mater Dei | Brazil | Hospitals & Clinics | BRL 4 | $543M | 1.3x | 8.9x |
| Concord Medical Services | United States of America | Hospitals & Clinics | $5 | $535M | N/A | N/A |
| Chularat Hospital | Thailand | Hospitals & Clinics | THB 2 | $492M | 1.9x | 9.0x |
| Sikarin | Thailand | Hospitals & Clinics | THB 8 | $473M | N/A | N/A |
| Compass Pathways | Germany | Hospitals & Clinics | €6 | $442M | N/A | N/A |
| Clinica Las Condes | Chile | Hospitals & Clinics | CLP 17335 | $441M | N/A | N/A |
| Al-Maidan Dental Clinic | Kuwait | Hospitals & Clinics | KWD 1 | $427M | N/A | N/A |
| Athens Medical Centre | Greece | Hospitals & Clinics | €2 | $352M | N/A | N/A |
| Monash IVF Group | Australia | Hospitals & Clinics | AUD 1 | $287M | 1.6x | 6.9x |
| M1 Kliniken | Germany | Hospitals & Clinics | €15 | $280M | 0.7x | 6.8x |
| Pacific Smiles Group | Australia | Hospitals & Clinics | AUD 2 | $258M | 2.0x | 12.6x |
| Maternus-Kliniken | Germany | Hospitals & Clinics, Long-Term Care | €1 | $235M | N/A | N/A |
| Medica Sur | Mexico | Hospitals & Clinics | MXN 50 | $227M | 0.9x | 4.4x |
| Centrum Medyczne ENEL-MED | Poland | Hospitals & Clinics | PLN 18 | $208M | N/A | N/A |
| Suraksha Diagnostics | India | Hospitals & Clinics, Laboratory Services | INR 323 | $199M | 6.4x | 19.5x |
| C-Care (Mauritius) Ltd | Mauritius | Hospitals & Clinics | MUR 8 | $143M | N/A | N/A |
| Eukedos | Italy | Hospitals & Clinics | €1 | $130M | N/A | N/A |
Valuation multiples as of last 12 months (LTM). Stock prices as of October 29, 2025. Financial data powered by Morningstar and FactSet.
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