Ann: Ramsay Health Care Completes Share Purchase Plan, page-54

This is a Ramsay Healthcare discussion i assume.
I would not take too much notice of PE ratios for hospital stocks because of the income disruption caused by covid 19 and govts prim arily nationalising private hospitals in the short term.

This has resulted in loss of income due to reduction in elective surgeries and govts only paying private hospital operators a brekeven fed plus a small profit margin.

however, Ramsay Healthcare is leadin

g private hospital operator in Australia and Scandinavia and France with proven management performance and low cost operator in a worldwide ageing population trend.

Be patient and hold long term as it will reward patient investors. Also has grown its dividend every year for past 15 years except for last dividend which was deferred