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Tenet HealthcareFRA:THC1 -1.79%78 Net Margin % is 13.67% as of Jun. 2026, which is 521% above its 10-year median of 2.20. GuruFocus rates FRA:THC1 with a GF Score™ of 78/100 and a GF Value™ of €158.32 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 663 Healthcare Providers & Services companies, Tenet Healthcare ranks better than 76.77% on this metric.
The historical rank and industry rank for Tenet Healthcare's Net Margin % or its related term are showing as below:
FRA:THC1'
s Net Margin % Range Over the Past 10 Years
Min: -3.67 Med: 2.2 Max: 15.48
Current: 9.9
FRA:THC1's Net Margin % is ranked better than 76.77% of 663
companies
in the Healthcare Providers & Services industry
Industry Median: 2.9
vs FRA:THC1: 9.90
Tenet Healthcare (FRA:THC1) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Tenet Healthcare Net Margin % Related Terms
Tenet Healthcare Net Margin % Historical Data
* Premium members only.
The historical data trend for Tenet Healthcare's Net Margin % 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.
FRA:THC1 vs DVA, EHC, ENSG: Net Margin % Comparison
For the Medical Care Facilities subindustry, Tenet Healthcare's Net Margin %, along with its competitors' market caps and Net Margin % 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 Net Margin % vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Tenet Healthcare's Net Margin % distribution charts can be found below:
* The bar in red indicates where Tenet Healthcare's Net Margin % falls into.
* 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 (FRA:THC1) has a Net Margin % of 13.67% as of Jun. 2026. Net margin is the ratio of total net income to net sales. View historical data on Tenet Healthcare and its competitors. This is 521% above median its historical median of 2.20. According to the industry distribution chart, Tenet Healthcare ranks #154 out of 663 companies in the Healthcare Providers & Services industry, placing it in the top 23.2%.
Is Tenet Healthcare's Net Margin % too high?
Tenet Healthcare's current Net Margin % of 13.67% is 521% above median its 10-year median of 2.20. The Healthcare Providers & Services industry median Net Margin % is 2.90. Tenet Healthcare's value of 13.67% is 371.4% above this industry median. Based on the distribution chart, Tenet Healthcare ranks #154 out of 663 companies in the Healthcare Providers & Services industry, which is in the top quartile — a strong position relative to peers. Overall, Tenet Healthcare has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tenet Healthcare's Net Margin % compare to DVA and EHC?
According to the Healthcare Providers & Services industry distribution chart, Tenet Healthcare ranks #154 out of 663 companies for Net Margin %. This places Tenet Healthcare in the top 23% of its industry — outperforming the majority of peers. The industry median Net Margin % is 2.90. Tenet Healthcare's value of 13.67% is 371.4% above this benchmark. While the company's 10-year median is 2.20 vs. the industry median of 2.90, Tenet Healthcare has consistently been above 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 Net Margin % for a Healthcare Providers & Services company?
The median Net Margin % among Healthcare Providers & Services companies is 2.90, based on 663 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tenet Healthcare's current Net Margin % of 13.67% is 371.4% above 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Tenet Healthcare and its competitors. For the Healthcare Providers & Services industry, the median Net Margin % is 2.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tenet Healthcare's current Net Margin % is 13.67%, which is 521% above median its own 10-year median of 2.20. 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 (FRA:THC1) is currently considered Significantly Overvalued. The stock's GF Value™ is €158.32, compared to a current price of €220.00 — trading 39% above its estimated fair value. The current Net Margin % is 13.67%, which is 521% above median its 10-year median of 2.20 and 371.4% above the Healthcare Providers & Services industry median of 2.90. Tenet Healthcare's overall GF Score™ is 78/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Tenet Healthcare (FRA:THC1), the current Net Margin % is 13.67% as of Jun. 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 (FRA:THC1) Overvalued in 2026?
Based on GuruFocus' analysis, Tenet Healthcare stock appears to be overvalued.
The current stock price of €220.00 is trading 39% above its estimated GF Value™ of €158.32.
GuruFocus considers Tenet Healthcare to be Significantly Overvalued.
Key valuation signals for FRA:THC1:
Net Margin %: 13.67% (521% above median its 10-year median of 2.20)
GF Value™: €158.32 vs. price of €220.00 (39% above fair value)
Industry Position: 371.4% above the Healthcare Providers & Services median (#154 of 663)
No single metric tells the full story. See the FRA:THC1 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.
78GF Score
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