This article series provides a monthly dashboard of industries classified by sectors. It compares valuation and quality factors relative to their historical averages in each industry.
Executive summary
Biotechnology and pharmaceuticals are significantly underpriced relative to historical averages in valuation ratios, but their profitability is far below the baseline. Other healthcare industries are overpriced. Healthcare equipment is the worst one combining all metrics. Life science tools/services is the only healthcare industry showing a profitability above its historical average (measured in return on equity).
Despite my positive conclusion on biotech valuation, readers may note from