Tenet HealthcareTHC +1.15%77 EV-to-FCF is 8.97 as of Jun. 25, 2026, which is 62% below its 10-year median of 23.57. GuruFocus rates THC with a GF Score™ of 77/100 and a GF Value™ of $164.55 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 410 Healthcare Providers & Services companies, Tenet Healthcare ranks better than 73.41% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Tenet Healthcare's Enterprise Value is $30,038 Mil.
Tenet Healthcare's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $3,349 Mil. Therefore, Tenet Healthcare's EV-to-FCF for today is 8.97.
The historical rank and industry rank for Tenet Healthcare's EV-to-FCF or its related term are showing as below:
THC'
s EV-to-FCF Range Over the Past 10 Years
Min: -73.1 Med: 23.57 Max: 125.95
Current: 8.97
During the past 13 years, the highest EV-to-FCF of Tenet Healthcare was 125.95. The lowest was -73.10. And the median was 23.57.
THC's EV-to-FCF is ranked better than 73.41% of 410
companies
in the Healthcare Providers & Services industry
Industry Median: 17.47
vs THC: 8.97
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Tenet Healthcare's PE Ratio (TTM) for today is calculated as:
Tenet Healthcare's share price for today is $182.96.
Tenet Healthcare's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $19.230.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Tenet Healthcare EV-to-FCF Related Terms
Tenet Healthcare EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Tenet Healthcare's EV-to-FCF can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Medical Care Facilities subindustry, Tenet Healthcare's EV-to-FCF, along with its competitors' market caps and EV-to-FCF data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Tenet Healthcare EV-to-FCF vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Tenet Healthcare's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Tenet Healthcare's EV-to-FCF falls into.
Tenet Healthcare's current Enterprise Value is $30,038 Mil.
Tenet Healthcare's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $3,349 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Tenet Healthcare (THC) has a EV-to-FCF of 8.97 as of Jun. 25, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Tenet Healthcare and its competitors. This is 62% below median its historical median of 23.57. According to the industry distribution chart, Tenet Healthcare ranks #109 out of 410 companies in the Healthcare Providers & Services industry, placing it in the top 26.6%.
Is Tenet Healthcare's EV-to-FCF too high?
Tenet Healthcare's current EV-to-FCF of 8.97 is 62% below median its 10-year median of 23.57. The Healthcare Providers & Services industry median EV-to-FCF is 17.47. Tenet Healthcare's value of 8.97 is 48.7% below this industry median. Based on the distribution chart, Tenet Healthcare ranks #109 out of 410 companies in the Healthcare Providers & Services industry, which is above the industry midpoint. Overall, Tenet Healthcare has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tenet Healthcare's EV-to-FCF compare to DVA and EHC?
According to the Healthcare Providers & Services industry distribution chart, Tenet Healthcare ranks #109 out of 410 companies for EV-to-FCF. This puts Tenet Healthcare in the upper half of its industry. The industry median EV-to-FCF is 17.47. Tenet Healthcare's value of 8.97 is 48.7% below this benchmark. While the company's 10-year median is 23.57 vs. the industry median of 17.47, Tenet Healthcare has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-FCF for a Healthcare Providers & Services company?
The median EV-to-FCF among Healthcare Providers & Services companies is 17.47, based on 410 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tenet Healthcare's current EV-to-FCF of 8.97 is 48.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Tenet Healthcare and its competitors. For the Healthcare Providers & Services industry, the median EV-to-FCF is 17.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tenet Healthcare's current EV-to-FCF is 8.97, which is 62% below median its own 10-year median of 23.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tenet Healthcare stock overvalued right now?
Based on GuruFocus' analysis, Tenet Healthcare (THC) is currently considered Modestly Overvalued. The stock's GF Value™ is $164.55, compared to a current price of $182.96 — trading 11.2% above its estimated fair value. The current EV-to-FCF is 8.97, which is 62% below median its 10-year median of 23.57 and 48.7% below the Healthcare Providers & Services industry median of 17.47. Tenet Healthcare's overall GF Score™ is 77/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Tenet Healthcare (THC), the current EV-to-FCF is 8.97 as of Jun. 25, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Tenet Healthcare (THC) Overvalued in 2026?
Based on GuruFocus' analysis, Tenet Healthcare stock appears to be overvalued.
The current stock price of $182.96 is trading 11.2% above its estimated GF Value™ of $164.55.
GuruFocus considers Tenet Healthcare to be Modestly Overvalued.
Key valuation signals for THC:
EV-to-FCF: 8.97 (62% below median its 10-year median of 23.57)
GF Value™: $164.55 vs. price of $182.96 (11.2% above fair value)
Industry Position: 48.7% below the Healthcare Providers & Services median (#109 of 410)
No single metric tells the full story. See the THC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tenet Healthcare is a Dallas-based healthcare services organization. It operates acute and specialty hospitals (50 as of December 2025) and hundreds of ambulatory surgery centers and other outpatient facilities across the US, primarily in the South. Through its Conifer segment, Tenet also provides revenue cycle management solutions.
77GF Score
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