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Tenet Healthcare Corp (NYSE:THC)
EV/EBITDA
13.95 (As of Today)

EV/EBITDA ratio is calculated as enterprise value divided by its EBITDA. As of today, Tenet Healthcare Corp's enterprise value is $16,053 Mil. Tenet Healthcare Corp's earnings before depreciation and amortization for the trailing twelve months (TTM) ended in Mar. 2014 was $1,141 Mil. Therefore, Tenet Healthcare Corp's EV/EBITDA ratio for today is 13.95.

EV/EBITDA (Enterprise value/EBITDA) is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the P/E Ratio to determine the fair market value of a company.

As of today, Tenet Healthcare Corp's stock price is $49.50. Tenet Healthcare Corp's earnings per share for the trailing twelve months (TTM) ended in Mar. 2014 was $-0.79. Therefore, Tenet Healthcare Corp's P/E Ratio for today is 0.00.

The "classic" EV/EBITDA ratio is much better in capturing debt and net cash than the P/E Ratio.


Definition

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

EV/EBITDA=Enterprise Value (Today)/Earnings Before Depreciation and Amortization (TTM)
=16053.077/1141
=14.07

Tenet Healthcare Corp's current Enterprise Value is $16,053 Mil.
Tenet Healthcare Corp's Earnings Before Depreciation and Amortization for the trailing twelve months (TTM) ended in Mar. 2014 was 153 (Jun. 2013 ) + 267 (Sep. 2013 ) + 358 (Dec. 2013 ) + 363 (Mar. 2014 ) = $1,141 Mil.

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


Explanation

EV/EBITDA (Enterprise value/EBITDA) is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the P/E Ratio to determine the fair market value of a company.

Tenet Healthcare Corp's P/E Ratio for today is calculated as:

P/E Ratio=Share Price (Today)/Earnings Per Share (TTM)
=49.50/-0.793
=

Tenet Healthcare Corp's share price for today is $49.50.
Tenet Healthcare Corp's Earnings Per Share for the trailing twelve months (TTM) ended in Mar. 2014 was -0.49 (Jun. 2013 ) + 0.27 (Sep. 2013 ) + -0.243 (Dec. 2013 ) + -0.33 (Mar. 2014 ) = $-0.79.

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

Study has found that the companies with the lowest EV/EBITDA outperforms companies measured as cheap by other ratios such as P/E Ratio.

Please read Which price ratio outperforms the enterprise multiple?


Related Terms

Enterprise Value, Earnings Before Depreciation and Amortization, P/E Ratio


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
ev2ebitda 0.0018.430.0010.265.766.167.487.207.1117.34

Tenet Healthcare Corp Quarterly Data

Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14
ev2ebitda 7.207.987.657.447.1110.8412.5612.0317.3413.49
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