As of Jul 26, 2024, the Tenet Healthcare stock's price-to-earnings ratio is 5.79. This results from the current EPS of $26.21 and stock price of $151.63. The PE ratio has decreased by 52% from the past four quarters average of 12.0.
The PE ratio of Tenet Healthcare has averaged 49.24 over the last ten years. The current price-to-earnings ratio of 5.79 is 88% 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 Mar 2024 quarter, when it reached 4.01 with a price of $105.11 and an EPS of $26.21.
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 lower than the 3, 5 and 10-year averages.
THC's PE ratio is below its peer stocks HCA and UHS. Tenet Healthcare's current PE ratio of 5.79 is less than the average of its peers, which is 17.31.
| Stock name | PE ratio | Market cap |
|---|---|---|
| THC Tenet Healthcare Corp | 5.79 | $14.81B |
| DVA Davita Inc | 15.17 | $12.05B |
| HCA HCA Healthcare Inc | 17.45 | $92.92B |
| UHS Universal Health Services Inc | 17.91 | $14.3B |
| SEM Select Medical Holdings Corp | 18.7 | $5.11B |
| CYH Community Health Systems Inc | N/A | $707.22M |
| MD Mednax Inc | N/A | $693.37M |
THC stock has a price to earnings ratio of 5.79 as of Jul 26, 2024.
Over the last 3 years, the average PE ratio for THC stock is 10.72.
Over the last 5 years, the average PE ratio for THC stock is 11.31.
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 88% below its 10-year historical average.
THC's PE ratio is low because the stock price is relatively cheap compared to the earnings generated by the company.
The P/E ratio is calculated by dividing the latest price of a stock by its trailing twelve months EPS. As of today (Jul 26, 2024), Tenet Healthcare's stock price is $151.63. The earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $26.21. Therefore, Tenet Healthcare's price to earnings ratio for today is 5.79. PE RATIO(5.79) = STOCK PRICE($151.63) / TTM EPS($26.21)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.