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Friday 6 November 2026 Export THC’s income statement to Excel — free account

Tenet Healthcare Corporation

THC Healthcare Medical Care Facilities

Tenet Healthcare Corporation’s revenue for fiscal 2025 (year ended December 2025) was $21.3 billion, up 3.07% from fiscal 2024.

Revenue
+6.47%
EPS
+291.1%
Free cash flow
+39.2%
Total debt
+0.42%

Quarter to September 2026, against a year earlier

284.19 2.27 −0.79%
Market cap
$22.8B
P/E
7.6×
Fwd P/E
7.5×
Dividend yield
—
F-score
7/9
Altman Z
1.91
Beneish M
−2.67
Dividend safety
57/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
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Tenet Healthcare Corporation (THC) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, Tenet Healthcare Corporation (THC) trades at a P/B ratio of 3.1×. Over the past ten years it has ranged from 1.2× (August 2017) to 9.1× (January 2020); the current reading is higher than 50% of that period. That is in line with the Medical Care Facilities industry median of 3.1× and above the Healthcare sector median of 2.3×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 3.0× 41.65%
FY2024 2.1× (15.22%)
FY2023 2.5× 16.40%
FY2022 2.1× (49.87%)
FY2021 4.2× (5.05%)
FY2020 4.5× (50.27%)
FY2019 9.0× 253.22%
FY2018 2.5× (14.63%)
FY2017 3.0× 111.11%
FY2016 1.4× (54.93%)

Quarterly newest first

Period P/B ratio Change
Sep 2026 2.8× 15.89%
Jun 2026 2.4× (2.34%)
Mar 2026 2.4× (18.04%)
Dec 2025 3.0× (3.58%)
43 more quarters

Against its own ten years

Low 1.2× High 9.1×
Ten-year median 3.1×
Current reading's percentile 54

P/B ratio against peers

Company P/B ratio
DVA DaVita Inc. compare n/m
FMS Fresenius Medical Care AG & Co. KGaA compare 0.8×
THC Tenet Healthcare Corporation 3.1×
EHC Encompass Health Corporation compare 4.0×
ENSG The Ensign Group, Inc. compare 4.1×
PACS PACS Group, Inc. compare 6.5×
CHE Chemed Corporation compare 8.1×
CON Concentra Group Holdings Parent, Inc. compare 10.2×
UHS Universal Health Services, Inc. compare 164×
Medical Care Facilities industry median 3.1×
Healthcare sector median 2.3×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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