Tenet HealthcareMEX:THC 77 PB Ratio is 3.52 as of Jun. 30, 2026, which is 24% below its 10-year median of 4.63. GuruFocus rates MEX:THC with a GF Score™ of 77/100 and a GF Value™ of MXN3,119.34. The stock has 2 warning signs investors should review. Among 608 Healthcare Providers & Services companies, Tenet Healthcare ranks worse than 71.88% on this metric.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-06-30), Tenet Healthcare's share price is MXN3547.50. Tenet Healthcare's Book Value per Share for the quarter that ended in Mar. 2026 was MXN1,007.96. Hence, Tenet Healthcare's PB Ratio of today is 3.52.
The historical rank and industry rank for Tenet Healthcare's PB Ratio or its related term are showing as below:
MEX:THC'
s PB Ratio Range Over the Past 10 Years
Min: 2.64 Med: 4.63 Max: 209.43
Current: 3.35
During the past 13 years, Tenet Healthcare's highest PB Ratio was 209.43. The lowest was 2.64. And the median was 4.63.
MEX:THC's PB Ratio is ranked worse than 71.88% of 608
companies
in the Healthcare Providers & Services industry
Industry Median: 2.01
vs MEX:THC: 3.35
During the past 12 months, Tenet Healthcare's average Book Value Per Share Growth Rate was 24.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 63.20% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 142.40% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Tenet Healthcare was 293.50% per year. The lowest was -68.50% per year. And the median was 5.00% per year.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Tenet Healthcare PB Ratio Related Terms
Tenet Healthcare PB Ratio Historical Data
* Premium members only.
The historical data trend for Tenet Healthcare's PB Ratio 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 PB Ratio, along with its competitors' market caps and PB Ratio 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 PB Ratio vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Tenet Healthcare's PB Ratio distribution charts can be found below:
* The bar in red indicates where Tenet Healthcare's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Tenet Healthcare (MEX:THC) has a PB Ratio of 3.52 as of Jun. 30, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Tenet Healthcare and its competitors. This is 24% below median its historical median of 4.63. Over the past decade, Tenet Healthcare's PB Ratio has ranged from 2.64 to 209.43. According to the industry distribution chart, Tenet Healthcare ranks #437 out of 608 companies in the Healthcare Providers & Services industry, placing it in the top 71.9%.
Is Tenet Healthcare's PB Ratio too high?
Tenet Healthcare's current PB Ratio of 3.52 is 24% below median its 10-year median of 4.63. Over the past 10 years, this metric has ranged from a low of 2.64 to a high of 209.43. The Healthcare Providers & Services industry median PB Ratio is 2.01. Tenet Healthcare's value of 3.52 is 75.1% above this industry median. Based on the distribution chart, Tenet Healthcare ranks #437 out of 608 companies in the Healthcare Providers & Services industry, which is below the industry midpoint. Overall, Tenet Healthcare has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.
How does Tenet Healthcare's PB Ratio compare to DVA and EHC?
According to the Healthcare Providers & Services industry distribution chart, Tenet Healthcare ranks #437 out of 608 companies for PB Ratio. This places Tenet Healthcare in the lower half of its industry. The industry median PB Ratio is 2.01. Tenet Healthcare's value of 3.52 is 75.1% above this benchmark. Historically, Tenet Healthcare's own PB Ratio has ranged from 2.64 to 209.43 over the past decade. While the company's 10-year median is 4.63 vs. the industry median of 2.01, 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 PB Ratio for a Healthcare Providers & Services company?
The median PB Ratio among Healthcare Providers & Services companies is 2.01, based on 608 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tenet Healthcare's current PB Ratio of 3.52 is 75.1% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Tenet Healthcare and its competitors. For the Healthcare Providers & Services industry, the median PB Ratio is 2.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tenet Healthcare's current PB Ratio is 3.52, which is 24% below median its own 10-year median of 4.63. 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?
Tenet Healthcare (MEX:THC) has a current PB Ratio of 3.52. The stock's GF Value™ is MXN3,119.34, compared to a current price of MXN3,547.50 — trading 13.7% above its estimated fair value. The current PB Ratio is 3.52, which is 24% below median its 10-year median of 4.63 and 75.1% above the Healthcare Providers & Services industry median of 2.01. 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 PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Tenet Healthcare (MEX:THC), the current PB Ratio is 3.52 as of Jun. 30, 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 (MEX:THC) Overvalued in 2026?
Based on GuruFocus' analysis, Tenet Healthcare stock appears to be overvalued.
The current stock price of MXN3,547.50 is trading 13.7% above its estimated GF Value™ of MXN3,119.34.
Key valuation signals for MEX:THC:
PB Ratio: 3.52 (24% below median its 10-year median of 4.63)
GF Value™: MXN3,119.34 vs. price of MXN3,547.50 (13.7% above fair value)
Industry Position: 75.1% above the Healthcare Providers & Services median (#437 of 608)
No single metric tells the full story. See the MEX: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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