INCY - Healthcare And Biotechnology Dashboard - Update
This article series provides a monthly dashboard of industries in each sector of the GICS classification. It compares valuation and quality factors relative to their historical averages.
Executive summary
Biotechnology is undervalued regarding historical averages, but profitability measured in return on equity is below the historical baseline. Healthcare providers look moderately overpriced. Other healthcare industries are significantly overpriced. Metrics are mixed for pharmaceuticals: price/earnings is fair, price/free cash flow looks great, but price/sales and return on equity ratios are very bad. Combining all the metrics reported here, healthcare equipment is the worst industry in the