What does enterprise value mean?

What it would cost to buy the entire business, debt included and cash netted out.

How do you interpret enterprise value?

The capital-structure-neutral valuation base — used in EV/EBITDA and EV/Sales to compare companies with different leverage on a like-for-like footing.

How does enterprise value compare across companies?

Comparable across non-financial companies via the EV multiples it feeds; not used for banks and insurers.

Tenet Healthcare THC Enterprise value

Enterprise value at other companies

HCA HealthcareHCA

$154.71B+18.6%

STERISSTE

$23.33B-4.5%

CencoraCOR

$71.12B+20.6%

HumanaHUM

$29.86B-27.2%

CVS HealthCVS

$96.84B+4.3%

GE HealthCare TechnologiesGEHC

$43.06B-6.6%

Other financials

Income statement

See full

Revenue$5.4B+2.8%

Operating income$1.3B+37.4%

Net income$906.0M+45.7%

EPS (diluted)$8.01+87.6%

Balance sheet

See full

Cash & equivalents$3.0B-1.1%

Total debt$13.3B+0.2%

Total equity$4.8B+15.1%

Total assets$31.2B+6.7%

Cash flow

See full

Operating cash flow$1.6B+101%

CapEx$180.0M+4.0%

Free cash flow$1.5B+128%

Valuation

See full

Market cap$14.86B—

P/E5.6×—

P/S0.7×—

Profitability

See full

Operating margin18%+0.4pp

Net margin12.4%+0.9pp

FCF margin15.6%—

Returns & leverage

See full

Return on equity58.9%-2.7pp

Debt / equity2.8×-0.4×

Current ratio1.4×-0.4×

Questions, answered.

What does enterprise value mean?: What it would cost to buy the entire business, debt included and cash netted out.
How do you interpret enterprise value?: The capital-structure-neutral valuation base — used in EV/EBITDA and EV/Sales to compare companies with different leverage on a like-for-like footing.
How does enterprise value compare across companies?: Comparable across non-financial companies via the EV multiples it feeds; not used for banks and insurers.