Martin Wales

Global Healthcare Analyst
Number of years in the market18
Favourite reading / watchingWhen Genius Failed (by Roger Lowenstein); Get Carter (the original with Michael Caine but definitely NOT the Stallone remake)
Ideal dinner party guestsGeorge Orwell, Bob Stokoe, Rosalind Franklin
If I weren’t a Healthcare Analyst I would be a..Biotechnologist

Is the healthcare sector really cheaper than consumer staples?

Superficially, the healthcare sector in Europe looks attractively valued relative to consumer staples, but on a cashflow basis the relative valuation argument disappears. This may reflect more aggressive earnings adjustments in European healthcare.

In the US though, the valuation gap between healthcare and consumer staples does look more real and… Read the article