Tenet Healthcare forward PE THC

Share price divided by analysts' consensus earnings for the next twelve months, since 1996.

Today, Oct 23, 2026: 12.9×
10-year median: 12.8×
Against its 10-year history: 51st; percentile: 0 is its lowest day, 100 its highest
10-year range: 6.4× to 481×

Tenet Healthcare's forward PE is 12.9× as of Oct 23, 2026.

That is above its ten-year median of 12.8×, close to the middle of its last ten years.

Over that time it ranged from 6.4× in Oct 2020 to 481× in Mar 2017.

Forward PE over time

median 12.8×

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	12.9×	8.3×	13.5×
2025	11.7×	9.0×	13.3×
2024	10.4×	10.2×	14.7×
2023	10.3×	7.3×	14.9×
2022	10.1×	7.8×	21.6×
2021	18.1×	11.4×	18.1×
2020	10.5×	6.4×	62.9×
2019	63.4×	8.9×	64.3×
2018	12.9×	10.4×	41.6×
2017	10.2×	8.8×	481×
2016	80.6×	16.8×	82.8×
2015	22.1×	18.1×	42.5×
2014	21.9×	19.9×	103×
2013	88.9×	15.2×	93.8×
2012	13.9×	8.2×	14.4×
2011	9.6×	7.7×	9.7×
2010	13.7×	12.9×	30.9×
2009	26.6×	22.9×	55.2×
2008	n/m a value too high to mean anything
2007	n/m a value too high to mean anything

Against its peers

Companies in Medical - Care Facilities nearest Tenet Healthcare's size, closest first, today.

Company	Forward PE
THCTenet Healthcare	12.9×
EHCEncompass Health	n/m
BTSGBrightSpring Health Services	n/m
DVADavita	n/m
UHSUniversal Health Services	n/m
ENSGEnsign	n/m
PACSPACS	n/m
CHEChemed	n/m
SHCSotera Health	n/m
CONConcentra Group Holdings Parent	n/m
LFSTLifeStance Health	n/m

Where Tenet Healthcare ranks

What the forward PE tells you

Price divided by what analysts expect the company to earn over the next twelve months. It answers "what am I paying for next year" instead of last year.

Estimates are opinions. When forward PE is far below trailing PE, analysts expect a big jump in earnings. If that jump slips, the stock was not as cheap as it looked.

More on Tenet Healthcare

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.