Healthscope has either approved or started constructing projects which are due to deliver 833 beds and 53 theatres by the end of financial year 2019. Its long term pipeline includes the Gold Coast Private and John Fawkner Private. They could positively catalyse Healthscope's long term earnings growth. Outlook Healthscope has a P/E ratio of 26.4. This may seem high while the ASX has a P/E ratio of 17.4. However, healthcare peers Ramsay and CSL Limited ( ASX: CSL ) have P/E ratios of 34.4 and 31.7 respectively, while Cochlear's P/E ratio is 40.5. Therefore, Healthscope's valuation could be viewed as low relative to its sector peers. Alongside its sound finances and the growth potential from an ageing population, Healthscope's valuation indicates that it could rise in value.