Tenet Healthcare Corp (THC)

Services-General Medical & Surgical Hospitals, NEC

Latest Price

$255.56

TTM P/E

9.86

Normalized P/E

15.60

Div Yield

Book Value

54.08

P/B Ratio

4.73

Valuation metrics

EPS: $15.49

Book value / share: $46.46

Formula: √(22.5 × EPS × BVPS)

Graham Number

$127.25

50% downside

Norm. op. income: $2.5B (median of 7yr)

Tax rate: 22%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$102.69

60% downside

Base FCF: $1.1B (median of recent 5yr)

Growth: 5%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$97.12

62% downside

EPS: $15.49

Target P/E: 16×

Formula: EPS × P/E

P/E Fair Value

$247.84

3% downside

95.1% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	8.74M	$1.64B	10.27%	+38.4K	2026-06-30
Price T Rowe Associates Inc	7.96M	$1.49B	9.34%	+438.7K	2026-06-30
Boston Partners	4.43M	$829.0M	5.21%	+598.4K	2026-06-30
Vanguard Portfolio Management LLC	4.24M	$792.0M	4.98%	-78.8K	2026-06-30
FMR LLC	3.99M	$747.0M	4.69%	-3.78M	2026-06-30
Vanguard Capital Management LLC	3.89M	$728.0M	4.57%	-17.2K	2026-06-30
State Street Corp	2.75M	$514.0M	3.23%	+35.4K	2026-06-30
Glenview Capital Management, LLC	2.24M	$418.0M	2.63%	+710.8K	2026-06-30
Citadel Advisors LLC	2.11M	$394.0M	2.47%	+1.50M	2026-06-30
Geode Capital Management, LLC	1.88M	$352.0M	2.21%	-45.5K	2026-06-30