P/E ratio for Tenet Healthcare (THC)
P/E ratio as of June 2024 (TTM): 29.1
According to Tenet Healthcare's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 29.0764. At the end of 2022 the company had a P/E ratio of 12.7.
P/E ratio history for Tenet Healthcare from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 12.7 | 32.67% |
| 2021 | 9.58 | -9.1% |
| 2020 | 10.5 | -155.96% |
| 2019 | -18.8 | -212.04% |
| 2018 | 16.8 | -874.8% |
| 2017 | -2.17 | -71.79% |
| 2016 | -7.69 | -64.47% |
| 2015 | -21.6 | -104.7% |
| 2014 | 461 | -1532.65% |
| 2013 | -32.2 | -232.69% |
| 2012 | 24.2 | -44.5% |
| 2011 | 43.7 | 1401% |
| 2010 | 2.91 | -78.95% |
| 2009 | 13.8 | -27.89% |
| 2008 | 19.2 | -167.91% |
| 2007 | -28.2 | 592.4% |
| 2006 | -4.08 | -18.59% |
| 2005 | -5.01 | 174.04% |
| 2004 | -1.83 | -72.68% |
| 2003 | -6.69 | -199.5% |
| 2002 | 6.72 | -80.31% |
| 2001 | 34.1 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 DaVita DVA | 28.5 | -1.93% | 🇺🇸 USA |
 HCA Healthcare HCA | 16.1 | -44.47% | 🇺🇸 USA |
 Universal Health Services
UHS | 19.3 | -33.54% | 🇺🇸 USA |
 Community Health Systems
CYH | 2.11 | -92.75% | 🇺🇸 USA |
 Select Medical Holdings SEM | 21.2 | -27.11% | 🇺🇸 USA |
 Pediatrix Medical Group MD | 6.53 | -77.55% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.