Tenet Healthcare (THC) Price to Earnings (2010 - 2026)
Tenet Healthcare's (THC) Price to Earnings was 6.72 for Q2 2026, down 35.9% from 10.48 a year earlier and down 29.6% from the prior quarter.
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Analysis
Tenet Healthcare (THC) Price to Earnings (2010 - 2026) Analysis & Trends
For FY2025, Price to Earnings at Tenet Healthcare was 12.28, up 227.3% from FY2024.
- By year, Price to Earnings came in at 3.75 in FY2024 (-69.7%), 12.37 in FY2023 (+1.9%), 12.14 in FY2022 (+26.5%) and 9.60 in FY2021 (-9.7%).
- The Q2 2026 figure ranks as the lowest quarterly Price to Earnings since Q4 2024.
- Year over year, Price to Earnings gained in five of the last eight quarters, with growth averaging 59.3%.
- The high point for year-over-year Price to Earnings in five years was Q4 2025 (growth of 227.3%); the low point was Q1 2024 (a decline of 73.2%).
- Per Business Quant data, the three quarters before Q2 2026 came in at 9.54 (Q1 2026), 12.28 (Q4 2025) and 13.18 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | HCA Healthcare | 93.06 Bn | 92.50 Bn | - |
| 2 | Natera | 59.36 Bn | 55.04 Bn | 485.19 Mn |
| 3 | Quest Diagnostics | 25.72 Bn | 24.15 Bn | 1.03 Bn |
| 4 | Labcorp Holdings | 24.93 Bn | 22.69 Bn | 1.11 Bn |
| 5 | Guardant Health | 23.83 Bn | 19.89 Bn | 219.03 Mn |
| 6 | Tenet Healthcare | 20.58 Bn | 11.72 Bn | - |
| 7 | Tempus AI | 14.35 Bn | 11.38 Bn | 246.50 Mn |
| 8 | Encompass Health | 11.99 Bn | 12.46 Bn | - |
| 9 | BrightSpring Health Services | 11.21 Bn | 9.55 Bn | 492.75 Mn |
| 10 | Davita | 11.19 Bn | 9.96 Bn | 1.16 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 6.72 |
| Mar 31, 2026 | 9.54 |
| Dec 31, 2025 | 12.28 |
| Sep 30, 2025 | 13.18 |
| Jun 30, 2025 | 10.48 |
| Mar 31, 2025 | 8.59 |
| Dec 31, 2024 | 3.75 |
| Sep 30, 2024 | 5.06 |
| Jun 30, 2024 | 4.63 |
| Mar 31, 2024 | 3.92 |
| Dec 31, 2023 | 12.37 |
| Sep 30, 2023 | 14.27 |
| Jun 30, 2023 | 16.56 |
| Mar 31, 2023 | 14.63 |
| Dec 31, 2022 | 12.14 |
| Sep 30, 2022 | 9.99 |
| Jun 30, 2022 | 6.47 |
| Mar 31, 2022 | 9.68 |
| Dec 31, 2021 | 9.60 |
| Sep 30, 2021 | 6.60 |
API Access
Tenet Healthcare Price to Earnings API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=price-to-earnings&ticker=THC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-earnings", "ticker": "THC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=price-to-earnings&ticker=THC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();