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NetcareJSE:NTC +0.32%84 PS Ratio is 0.85 as of Jul. 17, 2026, which is 10% below its 10-year median of 0.94. GuruFocus rates JSE:NTC with a GF Score™ of 84/100 and a GF Value™ of R16.88 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 661 Healthcare Providers & Services companies, Netcare ranks better than 68.08% on this metric.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, Netcare's share price is R18.76.
Netcare's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was R22.12. Hence, Netcare's PS Ratio for today is 0.85.
Warning Sign:
Netcare Ltd stock PS Ratio (=0.88) is close to 3-year high of 0.88.
The historical rank and industry rank for Netcare's PS Ratio or its related term are showing as below:
JSE:NTC'
s PS Ratio Range Over the Past 10 Years
Min: 0.64 Med: 0.94 Max: 2.19
Current: 0.85
During the past 13 years, Netcare's highest PS Ratio was 2.19. The lowest was 0.64. And the median was 0.94.
JSE:NTC's PS Ratio is ranked better than 68.08% of 661
companies
in the Healthcare Providers & Services industry
Industry Median: 1.51
vs JSE:NTC: 0.85
Netcare's Revenue per Sharefor the
six
months ended in Mar. 2026 was R11.11.
Its Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was R22.12.
During the past 12 months, the average Revenue per Share Growth Rate of Netcare was 9.10% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 9.60% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 8.20% per year.
During the past 10 years, the average Revenue per Share Growth Rate was -1.20% per year.
During the past 13 years, Netcare's highest 3-Year average Revenue per Share Growth Rate was 49.20% per year. The lowest was -16.60% per year. And the median was 5.80% per year.
Back to Basics: PS Ratio
Netcare (JSE:NTC) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
Netcare PS Ratio Related Terms
Netcare PS Ratio Historical Data
* Premium members only.
The historical data trend for Netcare's PS Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Medical Care Facilities subindustry, Netcare's PS Ratio, along with its competitors' market caps and PS Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Netcare PS Ratio vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Netcare's PS Ratio distribution charts can be found below:
* The bar in red indicates where Netcare's PS Ratio falls into.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
Netcare's Share Price of today is R18.76.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Netcare's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was R22.12.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
It can also be calculated from the numbers for the whole company:
Netcare (JSE:NTC) has a PS Ratio of 0.85 as of Jul. 17, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Netcare and its competitors. This is 10% below median its historical median of 0.94. Over the past decade, Netcare's PS Ratio has ranged from 0.64 to 2.19. According to the industry distribution chart, Netcare ranks #211 out of 661 companies in the Healthcare Providers & Services industry, placing it in the top 31.9%.
Is Netcare's PS Ratio too high?
Netcare's current PS Ratio of 0.85 is 10% below median its 10-year median of 0.94. Over the past 10 years, this metric has ranged from a low of 0.64 to a high of 2.19. The Healthcare Providers & Services industry median PS Ratio is 1.51. Netcare's value of 0.85 is 43.7% below this industry median. Based on the distribution chart, Netcare ranks #211 out of 661 companies in the Healthcare Providers & Services industry, which is above the industry midpoint. Overall, Netcare has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Netcare's PS Ratio compare to HCA and THC?
According to the Healthcare Providers & Services industry distribution chart, Netcare ranks #211 out of 661 companies for PS Ratio. This puts Netcare in the upper half of its industry. The industry median PS Ratio is 1.51. Netcare's value of 0.85 is 43.7% below this benchmark. Historically, Netcare's own PS Ratio has ranged from 0.64 to 2.19 over the past decade. While the company's 10-year median is 0.94 vs. the industry median of 1.51, Netcare has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PS Ratio for a Healthcare Providers & Services company?
The median PS Ratio among Healthcare Providers & Services companies is 1.51, based on 661 companies in the industry. Companies in the top quartile (top 25%) have a PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Netcare's current PS Ratio of 0.85 is 43.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high PS Ratio mean?
A high PS Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Netcare and its competitors. For the Healthcare Providers & Services industry, the median PS Ratio is 1.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Netcare's current PS Ratio is 0.85, which is 10% below median its own 10-year median of 0.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Netcare stock overvalued right now?
Based on GuruFocus' analysis, Netcare (JSE:NTC) is currently considered Modestly Overvalued. The stock's GF Value™ is R16.88, compared to a current price of R18.76 — trading 11.1% above its estimated fair value. The current PS Ratio is 0.85, which is 10% below median its 10-year median of 0.94 and 43.7% below the Healthcare Providers & Services industry median of 1.51. Netcare's overall GF Score™ is 84/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PS Ratio calculated?
PS Ratio is calculated from a company's financial statements. For Netcare (JSE:NTC), the current PS Ratio is 0.85 as of Jul. 17, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Netcare (JSE:NTC) Overvalued in 2026?
Based on GuruFocus' analysis, Netcare stock appears to be overvalued.
The current stock price of R18.76 is trading 11.1% above its estimated GF Value™ of R16.88.
GuruFocus considers Netcare to be Modestly Overvalued.
Key valuation signals for JSE:NTC:
PS Ratio: 0.85 (10% below median its 10-year median of 0.94)
GF Value™: R16.88 vs. price of R18.76 (11.1% above fair value)
Industry Position: 43.7% below the Healthcare Providers & Services median (#211 of 661)
No single metric tells the full story. See the JSE:NTC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Netcare Ltd operates a network of hospitals in South Africa. Its network also includes emergency, cancer care, diagnostic support, primary care, and renal care services as well as occupational health and wellness services. The firm operates in two segments: Hospital and emergency services and Primary Care. The Hospital and emergency services segment contributes to majority of the firm's revenue. Netcare's services include Netcare appointmed TM, Netcare Cancer Care, Netcare Family Connect Line, Netcare Occupational Health and Netcare Pharmacy.
84GF Score
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