As of Apr 26, 2024, the Tenet Healthcare stock's price-to-earnings ratio is 16.0. This results from the current EPS of $6.01 and stock price of $96.13. The PE ratio has increased by 8% from the past four quarters average of 14.8.
The PE ratio of Tenet Healthcare has averaged 51.76 over the last ten years. The current price-to-earnings ratio of 16.0 is 69% less than the historical average. In the past ten years, THC's PE ratio reached its highest point in the Dec 2014 quarter at 422.25, when the stock price was $50.67 and the EPS was $0.12. The lowest point was recorded in the Jun 2022 quarter, when it reached 6.44 with a price of $52.56 and an EPS of $8.16.
Maximum annual increase: 33.09% in 2022
Maximum annual decrease: -9.13% in 2021
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 12.57 | -1.1% |
| 2022 | 12.71 | 33.09% |
| 2021 | 9.55 | -9.13% |
| 2020 | 10.51 | N/A |
| 2019 | N/A | N/A |
| 2018 | 16.8 | N/A |
| 2017 | N/A | N/A |
| 2016 | N/A | N/A |
| 2015 | N/A | N/A |
| 2014 | 422.25 | N/A |
Currently, THC's PE ratio is above its 3 and 5-year historical averages, but it is lower than the 10-year average.
THC's PE ratio is less than its peer stocks DVA and UHS, but it is above HCA's and SEM's. Tenet Healthcare's current PE ratio of 16.0 is in line with the average of its peer group, which is 15.96.
| Stock name | PE ratio | Market cap |
|---|---|---|
| SEM Select Medical Holdings Corp | 14.35 | $3.52B |
| HCA HCA Healthcare Inc | 15.93 | $81.12B |
| THC Tenet Healthcare Corp | 16 | $9.61B |
| UHS Universal Health Services Inc | 16.04 | $11.16B |
| DVA Davita Inc | 17.52 | $11.71B |
| CYH Community Health Systems Inc | N/A | $471.1M |
| MD Mednax Inc | N/A | $760.47M |
THC stock has a price to earnings ratio of 16 as of Apr 26, 2024.
Over the last 3 years, the average PE ratio for THC stock is 11.84.
Over the last 5 years, the average PE ratio for THC stock is 11.88.
Over the last ten years, the quarterly PE ratio reached a historic high of 422.25 in the Dec 2014 quarter.
THC's price to earnings ratio is currently 69% below its 10-year historical average.
The P/E ratio is calculated by dividing the latest price of a stock by its trailing twelve months EPS. As of today (Apr 26, 2024), Tenet Healthcare's stock price is $96.13. The earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $6.01. Therefore, Tenet Healthcare's price to earnings ratio for today is 16. PE RATIO(16) = STOCK PRICE($96.13) / TTM EPS($6.01)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.