THC
Tenet Healthcare
PE ratio, current and historical analysis
- Stocks
- Healthcare
- NYSE: THC
- PE Ratio
As of Jul 13, 2026, the Tenet Healthcare stock's price-to-earnings ratio is 10.05. This results from the current EPS of $19.38 and stock price of $194.81. The PE ratio has decreased by 15% from the past four quarters average of 11.8.
THC PE ratio history
The PE ratio of Tenet Healthcare has averaged 10.66 over the last eight years. The current price-to-earnings ratio of 10.05 is 6% less than the historical average. In the past eight years, THC's PE ratio reached its highest point in the Jun 2023 quarter at 16.99, when the stock price was $81.38 and the EPS was $4.79. The lowest point was recorded in the Dec 2024 quarter, when it reached 3.82 with a price of $126.23 and an EPS of $33.02.
Tenet Healthcare PE ratio by year
Maximum annual increase: 1,344.14% in 2011
Maximum annual decrease: -69.61% in 2024
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 12.73 | 233.25% | $198.72 | $15.61 |
| 2024 | 3.82 | -69.61% | $126.23 | $33.02 |
| 2023 | 12.57 | -1.1% | $75.57 | $6.01 |
| 2022 | 12.71 | 33.09% | $48.79 | $3.84 |
| 2021 | 9.55 | -9.13% | $81.69 | $8.55 |
| 2020 | 10.51 | N/A | $39.93 | $3.8 |
| 2019 | N/A | N/A | $38.03 | -$2.08 |
| 2018 | 16.8 | N/A | $17.14 | $1.02 |
| 2017 | N/A | N/A | $15.16 | -$7 |
| 2016 | N/A | N/A | $14.84 | -$1.93 |
| 2015 | N/A | N/A | $30.3 | -$1.41 |
| 2014 | 422.25 | N/A | $50.67 | $0.12 |
| 2013 | N/A | N/A | $42.12 | -$1.32 |
| 2012 | 24.05 | -42.57% | $32.47 | $1.35 |
| 2011 | 41.88 | 1,344.14% | $20.52 | $0.49 |
Tenet Healthcare PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2026 | 9.74 | -23.49% | $188.71 | $19.38 |
| Dec 2025 | 12.73 | -7.08% | $198.72 | $15.61 |
| Sep 2025 | 13.7 | 23.42% | $203.04 | $14.82 |
| Jun 2025 | 11.1 | 26.71% | $176 | $15.86 |
| Mar 2025 | 8.76 | 129.32% | $134.5 | $15.36 |
| Dec 2024 | 3.82 | -27.38% | $126.23 | $33.02 |
| Sep 2024 | 5.26 | 9.36% | $166.2 | $31.6 |
| Jun 2024 | 4.81 | 19.95% | $133.03 | $27.66 |
| Mar 2024 | 4.01 | -68.1% | $105.11 | $26.21 |
| Dec 2023 | 12.57 | -12.83% | $75.57 | $6.01 |
| Sep 2023 | 14.42 | -15.13% | $65.89 | $4.57 |
| Jun 2023 | 16.99 | 12.37% | $81.38 | $4.79 |
| Mar 2023 | 15.12 | 18.96% | $59.42 | $3.93 |
| Dec 2022 | 12.71 | 27.61% | $48.79 | $3.84 |
| Sep 2022 | 9.96 | 54.66% | $51.58 | $5.18 |
THC Price vs fair value
THC average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
Currently, THC's PE ratio is above its 3 and 5-year historical averages, but it is lower than the 10-year average.
PE comparison
With a P/E of 10.05, THC stands below the Healthcare sector, the industry and its peers average. Looking at its Healthcare sector average of 25.82, Tenet Healthcare's P/E is 61% lower.
THC PE vs peers
THC's PE ratio is less than its peer stocks HCA and DVA, but it is above UHS's and CYH's. Tenet Healthcare's current PE ratio of 10.05 is less than the average of its peers, which is 10.92.
| Stock name | PE ratio | Market cap |
|---|---|---|
| CYH Community Health Systems Inc | 1 | $490.39M |
| UHS Universal Health Services Inc | 6.29 | $9.25B |
| THC Tenet Healthcare Corp | 10.05 | $16.78B |
| MD Mednax Inc | 12.51 | $2.15B |
| HCA HCA Healthcare Inc | 13.27 | $86.68B |
| DVA Davita Inc | 21.55 | $15.12B |
Frequently asked questions
What is Tenet Healthcare's PE ratio?
THC stock has a price to earnings ratio of 10.05 as of Jul 13, 2026.
What is the 3-year average PE ratio for Tenet Healthcare (THC)?
Over the last 3 years, the average PE ratio for THC stock is 9.17.
What is the 5-year average PE ratio for Tenet Healthcare (THC)?
Over the last 5 years, the average PE ratio for THC stock is 9.89.
What is the highest PE ratio for THC?
Over the last eight years, the quarterly PE ratio reached a historic high of 16.99 in the Jun 2023 quarter.
How does the current PE ratio for THC compare to its historical average?
THC's price to earnings ratio is currently 6% below its 8-year historical average.
How is THC's PE ratio calculated (Tenet Healthcare PE ratio formula)?
The P/E ratio is calculated by dividing the latest price of a stock by its trailing twelve months EPS. As of today (Jul 13, 2026), Tenet Healthcare's stock price is $194.81. The earnings per share for the trailing twelve months (TTM) ending Mar 2026 is $19.38. Therefore, Tenet Healthcare's price to earnings ratio for today is 10.05. PE RATIO(10.05) = STOCK PRICE($194.81) / TTM EPS($19.38)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.