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

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Tenet Healthcare Corp's enterprise value is $17,285 Mil. Tenet Healthcare Corp's operating income for the trailing twelve months (TTM) ended in Jun. 2014 was $692 Mil. Therefore, Tenet Healthcare Corp's EV/EBIT ratio for today is 24.98.

THC' s 10-Year EV/EBIT Range
Min: 9.4   Max: 31.8
Current: 24.98

9.4
31.8

During the past 13 years, the highest EV/EBIT Ratio of Tenet Healthcare Corp was 31.80. The lowest was 9.40. And the median was 12.70.

THC's EV/EBITis ranked higher than
75% of the 262 Companies
in the Global Medical Care industry.

( Industry Median: 25.93 vs. THC: 24.98 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Tenet Healthcare Corp's enterprise value for the quarter that ended in Jun. 2014 was $15,899 Mil. Tenet Healthcare Corp's Operating Income for the trailing twelve months (TTM) ended in Jun. 2014 was $692 Mil. Tenet Healthcare Corp's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2014 was 4.35%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=17284.520/692
=24.98

Tenet Healthcare Corp's current Enterprise Value is $17,285 Mil.
Tenet Healthcare Corp's Operating Income for the trailing twelve months (TTM) ended in Jun. 2014 was 148 (Sep. 2013 ) + 167 (Dec. 2013 ) + 170 (Mar. 2014 ) + 207 (Jun. 2014 ) = $692 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 Jun. 2014 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Jun. 2014 )=Operating Income (TTM)/Enterprise Value (Q: Jun. 2014 )
=692/15899.2014
=4.35 %

Tenet Healthcare Corp's Enterprise Value for the quarter that ended in Jun. 2014 was $15,899 Mil.
Tenet Healthcare Corp's Operating Income for the trailing twelve months (TTM) ended in Jun. 2014 was 148 (Sep. 2013 ) + 167 (Dec. 2013 ) + 170 (Mar. 2014 ) + 207 (Jun. 2014 ) = $692 Mil.

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


Related Terms

Enterprise Value, Operating Income, Earnings Yield (Joel Greenblatt)


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

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
ev2ebit 0.000.000.0025.1515.6412.1711.5110.3011.1622.52

Tenet Healthcare Corp Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
ev2ebit 11.7111.2210.6411.1614.9714.5014.0322.5222.4122.98
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