Tenet HealthcareMEX:THC 77 ROC (Joel Greenblatt) % is 81.41% as of Mar. 2026, which is 222% above its 10-year median of 25.30. GuruFocus rates MEX:THC with a GF Score™ of 77/100 and a GF Value™ of MXN2,867.32. The stock has 2 warning signs investors should review. Among 670 Healthcare Providers & Services companies, Tenet Healthcare ranks better than 83.88% on this metric.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits). He defines ROC (Joel Greenblatt) % as EBIT divided by the total of Property, Plant and Equipment and net working capital. Tenet Healthcare's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 81.41%.
The historical rank and industry rank for Tenet Healthcare's ROC (Joel Greenblatt) % or its related term are showing as below:
MEX:THC'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 10.94 Med: 25.3 Max: 83.06
Current: 61.09
During the past 13 years, Tenet Healthcare's highest ROC (Joel Greenblatt) % was 83.06%. The lowest was 10.94%. And the median was 25.30%.
MEX:THC's ROC (Joel Greenblatt) % is ranked better than 83.88% of 670
companies
in the Healthcare Providers & Services industry
Industry Median: 12.485
vs MEX:THC: 61.09
Tenet Healthcare's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 23.10% per year.
The way Joel Greenblatt defines Return on Capital is a more accurate measure of how efficiently the company generates returns onthe capital actually invested in the business. EBIT is used instead of net income because the tax and interest payment may be affected by factors other than the core business operation. Intangible assets are not included in the calculation because they don't need to be replaced.
Tenet Healthcare ROC (Joel Greenblatt) % Related Terms
Tenet Healthcare ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Tenet Healthcare's ROC (Joel Greenblatt) % 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.
MEX:THC vs DVA, EHC, ENSG: ROC (Joel Greenblatt) % Comparison
For the Medical Care Facilities subindustry, Tenet Healthcare's ROC (Joel Greenblatt) %, along with its competitors' market caps and ROC (Joel Greenblatt) % 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 ROC (Joel Greenblatt) % vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Tenet Healthcare's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Tenet Healthcare's ROC (Joel Greenblatt) % falls into.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits) . He defines Return on Capital as follows:
EBIT stands for Earnings Before Interest and Taxes.
Fixed Assets are also known as non-current assets. They include the Property, Plant and Equipment that the firm needs in its operation.
GuruFocus calculates net working capital as: (Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Deferred Revenue + Other Current Liabilities). We're trying to account for OPERATING assets and liabilities (part of daily business) when calculating working capital. Cash and marketable securities are considered NON-OPERATING assets and are not included in calculation. We will also back out all interest bearing debt, short term debt and the portion of long term debt that is due in the current period from the current liabilities. This debt will be considered when computing cost of capital and it would be inappropriate to count it twice.
Note:
The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.
* 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.
What does a ROC (Joel Greenblatt) % of 81.41% mean?
Tenet Healthcare (MEX:THC) has a ROC (Joel Greenblatt) % of 81.41% as of Mar. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Tenet Healthcare and its competitors. This is 222% above median its historical median of 25.30. Over the past decade, Tenet Healthcare's ROC (Joel Greenblatt) % has ranged from 10.94 to 83.06. According to the industry distribution chart, Tenet Healthcare ranks #108 out of 670 companies in the Healthcare Providers & Services industry, placing it in the top 16.1%.
Is Tenet Healthcare's ROC (Joel Greenblatt) % too high?
Tenet Healthcare's current ROC (Joel Greenblatt) % of 81.41% is 222% above median its 10-year median of 25.30. Over the past 10 years, this metric has ranged from a low of 10.94 to a high of 83.06. The Healthcare Providers & Services industry median ROC (Joel Greenblatt) % is 12.49. Tenet Healthcare's value of 81.41% is 552.1% above this industry median. Based on the distribution chart, Tenet Healthcare ranks #108 out of 670 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 77/100, reflecting its overall financial health beyond just this single metric.
How does Tenet Healthcare's ROC (Joel Greenblatt) % compare to DVA and EHC?
According to the Healthcare Providers & Services industry distribution chart, Tenet Healthcare ranks #108 out of 670 companies for ROC (Joel Greenblatt) %. This places Tenet Healthcare in the top 16% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 12.49. Tenet Healthcare's value of 81.41% is 552.1% above this benchmark. Historically, Tenet Healthcare's own ROC (Joel Greenblatt) % has ranged from 10.94 to 83.06 over the past decade. While the company's 10-year median is 25.30 vs. the industry median of 12.49, 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 ROC (Joel Greenblatt) % for a Healthcare Providers & Services company?
The median ROC (Joel Greenblatt) % among Healthcare Providers & Services companies is 12.49, based on 670 companies in the industry. Companies in the top quartile (top 25%) have a ROC (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tenet Healthcare's current ROC (Joel Greenblatt) % of 81.41% is 552.1% 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 ROC (Joel Greenblatt) % mean?
A high ROC (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Tenet Healthcare and its competitors. For the Healthcare Providers & Services industry, the median ROC (Joel Greenblatt) % is 12.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tenet Healthcare's current ROC (Joel Greenblatt) % is 81.41%, which is 222% above median its own 10-year median of 25.30. 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 ROC (Joel Greenblatt) % of 81.41%. The stock's GF Value™ is MXN2,867.32, compared to a current price of MXN3,547.50 — trading 23.7% above its estimated fair value. The current ROC (Joel Greenblatt) % is 81.41%, which is 222% above median its 10-year median of 25.30 and 552.1% above the Healthcare Providers & Services industry median of 12.49. 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 ROC (Joel Greenblatt) % calculated?
ROC (Joel Greenblatt) % is calculated from a company's financial statements. For Tenet Healthcare (MEX:THC), the current ROC (Joel Greenblatt) % is 81.41% as of Mar. 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 23.7% above its estimated GF Value™ of MXN2,867.32.
Key valuation signals for MEX:THC:
ROC (Joel Greenblatt) %: 81.41% (222% above median its 10-year median of 25.30)
GF Value™: MXN2,867.32 vs. price of MXN3,547.50 (23.7% above fair value)
Industry Position: 552.1% above the Healthcare Providers & Services median (#108 of 670)
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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