Obermatt

Ramsay Health Care

ASX:RHC · AU000000RHC8
Health Care Providers & ServicesX-Large

360

15
EV / EBIT26
Price / Owner Earnings6
Owner Earnings Yield23
Dividend Yield73
Price/Sales88
EV / Gross Profit34
Price/Book54
Return on Capital35
Cash Return on Capital24
Return on Equity28
EBIT Margin21
Gross Profitability27
Cash Conversion84
Accruals59
Owner Earnings Margin21
Sales growth40
Profit Growth82
Long-Term EPS Growth84
Reinvestment52
Price momentum63
Debt load3
Refinancing18
Debt Payback5
Liquidity22
Analyst ratings15
Opinion Changes50
Price Target Upside17
Market mood37
Value Creation12/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Ramsay Health Care clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryAustralia
IndustryHealth Care Providers & Services
SizeX-Large
TypePublic Company
ExchangeASX
Founded1975
Employees6,762
ISINAU000000RHC8
Last UpdateApr 2, 2026
Themes
PsychiatryOutpatient CareCardiovascularOrthopaedicsOncologyHealth Care

Description

Ramsay Health Care Limited owns and operates hospitals in Australia, and internationally. Business Strategy The company’s business strategy focuses on solidifying its position as a leading global healthcare provider through a multi-faceted approach…

Analysis

Middle-of-the-road

Ramsay Health Care Limited is a middle-of-the-road business: neither the economics nor the price stand out from the peer group.

The price is expensive. You pay 131.8× its owner earnings: the cash an owner could take out each year, which is in the historically expensive zone. At today's price, the market is assuming roughly 32% yearly growth; analysts expect 18%. The market is pricing in far more than analysts expect: heroic expectations.

The trajectory is moderate and the balance sheet is stretched. The company scores 12/20 on our value-creation score: creating some value.

What to watch: The financial cushion is thinner than comfortable. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
30
2023202420252026

All-time high

41

Feb 2026

All-time low

1

Jan 2024

Average rank

13

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
88
85
79
77
Price/Earnings
38
46
23
39
Price/Book
54
60
39
37
Dividend Yield
73
65
50
46
Value (overall)
63
68
45
47

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →