PremiumJamie GrayBusiness Reporter·NZ Herald·14 May, 2026 09:00 PM6 mins to read‌Shares in Fisher and Paykel Healthcare have dropped about 16% since early March. Shares in Fisher and Paykel Healthcare have dropped about 16% since early March. Fisher and Paykel Healthcare, the sharemarket’s biggest stock by market capitalisation and the one with the greatest bearing on the S&P/NZX50 index, is suddenly out of favour.Today, the stock trades at about $34.50, down from $41.23 in early March for a drop of 16.3%.

However, with a price/earnings ratio