P/E ratio for Tenet Healthcare (THC)
P/E ratio as of September 2023 (TTM): 13.8
According to Tenet Healthcare's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 13.7812. At the end of 2021 the company had a P/E ratio of 9.58.
P/E ratio history for Tenet Healthcare from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 9.58 | -9.1% |
| 2020 | 10.5 | -161.78% |
| 2019 | -17.1 | |
| 2016 | -7.69 | -64.47% |
| 2015 | -21.6 | -104.7% |
| 2014 | 461 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 DaVita DVA | 18.6 | 34.63% | 🇺🇸 USA |
 HCA Healthcare HCA | 11.9 | -13.50% | 🇺🇸 USA |
 Universal Health Services
UHS | 12.8 | -7.28% | 🇺🇸 USA |
 Community Health Systems
CYH | 1.26 | -90.86% | 🇺🇸 USA |
 Select Medical Holdings SEM | 15.9 | 15.10% | 🇺🇸 USA |
 Pediatrix Medical Group MD | 9.95 | -27.76% | 🇺🇸 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.