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Tenet Healthcare Corp (NYSE:THC)
EV/EBIT
16.61 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Tenet Healthcare Corp's enterprise value is $17,543 Mil. Tenet Healthcare Corp's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2015 was $1,056 Mil. Therefore, Tenet Healthcare Corp's EV/EBIT ratio for today is 16.61.

THC' s EV/EBIT Range Over the Past 10 Years
Min: -274.4   Max: 1356.9
Current: 16.61

-274.4
1356.9

During the past 13 years, the highest EV/EBIT Ratio of Tenet Healthcare Corp was 1356.90. The lowest was -274.40. And the median was 13.60.

THC's EV/EBIT is ranked higher than
58% of the 178 Companies
in the Global Medical Care industry.

( Industry Median: 19.43 vs. THC: 16.61 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Tenet Healthcare Corp's enterprise value for the quarter that ended in Dec. 2015 was $17,406 Mil. Tenet Healthcare Corp's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2015 was $1,056 Mil. Tenet Healthcare Corp's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2015 was 6.07%.


Definition

Tenet Healthcare Corp's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=17543.395/1056
=16.61

Tenet Healthcare Corp's current Enterprise Value is $17,543 Mil.
Tenet Healthcare Corp's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2015 was 290 (Mar. 2015 ) + 163 (Jun. 2015 ) + 288 (Sep. 2015 ) + 315 (Dec. 2015 ) = $1,056 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Explanation

This is a more accurate valuation of companies' operation because it consider the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt).

Tenet Healthcare Corp's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2015 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Dec. 2015 )=EBIT (TTM)/Enterprise Value (Q: Dec. 2015 )
=1056/17405.55
=6.07 %

Tenet Healthcare Corp's Enterprise Value for the quarter that ended in Dec. 2015 was $17,406 Mil.
Tenet Healthcare Corp's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2015 was 290 (Mar. 2015 ) + 163 (Jun. 2015 ) + 288 (Sep. 2015 ) + 315 (Dec. 2015 ) = $1,056 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Enterprise Value, Earnings Yield (Joel Greenblatt), Earnings Before Interest and Taxes (EBIT)


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Tenet Healthcare Corp Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
ev2ebit -10.2920.3410.3010.0812.5412.4611.2147.2718.3616.48

Tenet Healthcare Corp Quarterly Data

Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15
ev2ebit 27.9547.2729.7822.9823.6918.3616.8420.9016.8816.48
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