THC P/E ratio: current value, 10-year range and year-by-year history
Cash & Leverage
THC's p/e ratio is higher than 65% of the last 10 years.
P/E ratio History
THC P/E ratio by year
Yearly range of THC’s p/e ratio from 2016 to 2026. Over the full period it ranged from -329.1 to 623.8, averaging 19.0.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 7.1 | 10.9 | 15.8 | 10.4 |
| 2025 | 3.7 | 9.9 | 15.0 | 12.8 |
| 2024 | 3.5 | 7.6 | 18.4 | 3.9 |
| 2023 | 12.2 | 16.2 | 21.8 | 17.5 |
| 2022 | 5.9 | 8.5 | 11.2 | 9.6 |
| 2021 | 6.1 | 13.8 | 19.0 | 9.7 |
| 2020 | -329.1 | -84.8 | 10.8 | 10.8 |
| 2019 | -19.0 | 223.3 | 623.8 | -18.8 |
| 2018 | -16.0 | -1.5 | 26.2 | 15.3 |
| 2017 | -11.7 | -7.6 | -2.3 | -2.8 |
| 2016 | -11.2 | -8.7 | -6.8 | -7.0 |
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How much the market pays for each dollar of annual profit. P/E = Stock Price / EPS. The raw number means little — what matters is whether it's high or low relative to the company's own history.
Price / Earnings Per ShareThe chart shows five color-coded historical zones: green (below 10th percentile) means historically very cheap, fading through lime and gray (the normal 25th–75th range) to orange and red (historically expensive). When the line sits in a green or lime zone, the stock is trading at an unusually low P/E relative to its own history.
- Cyclical businesses look cheapest on P/E at peak earnings — the "earnings trap." Use EV/EBITDA or normalised earnings for energy, materials, and financials.
- A falling P/E trend may signal a business in structural decline, not a buying opportunity.
Is THC P/E ratio High or Low Right Now?
Tenet Healthcare Corporation's P/E ratio is currently 10.4, which is above average relative to its 10-year historical range. The 10-year median P/E ratio for THC is approximately 8.1. See all THC valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.