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Price / book at other companies

Universal Health Services logo
Universal Health ServicesUHS
1.5×-0.3×
Nutex Health Inc. logo
Nutex Health Inc.NUTX
1.9×+0.6×
Surgery Partners, Inc. logo
Surgery Partners, Inc.SGRY
0.9×-0.8×
ARD
Ardent Health PartnersARDT
0.9×-0.8×
BrightSpring Health Services, Inc. logo
BrightSpring Health Services, Inc.BTSG
4.1×+2.3×
National Healthcare logo
National HealthcareNHC
2.3×+0.8×

Other financials

Income statement

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Revenue$5.6B+6.8%
Operating income$1.5B+82.4%
Net income$1.0B+100%
EPS (diluted)$9.84+213%

Balance sheet

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Cash & equivalents$2.2B-17.3%
Total debt$13.4B+1.1%
Total equity$4.7B+24.2%
Total assets$30.7B+6.9%

Cash flow

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Operating cash flow$585.0M-37.5%
CapEx$168.0M-13.0%
Free cash flow$417.0M-43.9%

Valuation

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Market cap$20.51B+44.2%
Enterprise value$31.75B+27.7%
P/E6.5×+0.5×
P/S0.9×+0.3×

Profitability

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Operating margin20.8%+3.0pp
Net margin14.6%+3.0pp
FCF margin13.9%

Returns & leverage

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Return on equity75.5%+9.1pp
Debt / equity2.9×-0.7×
Current ratio1.4×-0.3×

Where this comes from

Calculated from Tenet Healthcare’s reported figures.

Based on the most recent quarter.

The source filing: Tenet Healthcare’s 10-Q, filed July 29, 2026. Open the filing →

Filed
Jul 29, 2026, 4:27 PM EDT
Fiscal quarter
Q4 FY2026
Calendar quarter
Q4 2026
Accession
0000070318-26-000037

FAQ

What is Tenet Healthcare's price / book?
Tenet Healthcare (THC) reported price / book of 3.5× in Q2 2026.
How has Tenet Healthcare's price / book changed year-over-year?
Tenet Healthcare's price / book decreased by 18.6% year-over-year, from 4.2× to 3.5×.
What is the long-term trend for Tenet Healthcare's price / book?
Over 4 years (2021 to 2025), Tenet Healthcare's price / book has grown at a -16.5% compound annual growth rate (CAGR), from 8.5× to 4.1×.
What does price / book mean?
Market capitalization at the quarter end divided by shareholders' equity. The premium (or discount) the market assigns to the company's book equity.

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