The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Thursday, August 13, 2026

Subject of the day

THC

Concerning the House

Tenet Healthcare Corporation operates as a diversified healthcare services company in the United States. The company operates through two segments: Hospital Operations and Services, and Ambulatory Care. Its general hospitals offer acute care services, operating and recovery rooms, radiology and respiratory therapy services, clinical laboratories, and pharmacies. The company also provides intensive and critical care, and/or coronary care units; cardiovascular, digestive disease, neurosciences, musculoskeletal, and obstetrics services; outpatient services, including physical therapy; tertiary care services, such as cardiothoracic surgery, complex spinal surgery, neonatal intensive care, and neurosurgery services; pediatric quaternary care services through heart, liver, and kidney transplants programs; and limb salvaging vascular procedure, acute level 1 trauma, intravascular stroke care, minimally invasive cardiac valve replacement, imaging technology, surgical robotic, and telemedicine access services. In addition, it offers a range of procedures and services comprising orthopedics, total joint replacement, and spinal and other musculoskeletal procedures; gastroenterology; pain management; otolaryngology; ophthalmology; and urology. Further, the company operates acute care and specialty hospitals, off-campus emergency departments, imaging centers, urgent care centers, and micro-hospitals, as well as ambulatory surgery centers and surgical hospitals. Tenet Healthcare Corporation was founded in 1967 and is headquartered in Dallas, Texas.

United States · www.tenethealth.com

The Long Run

FY 2010–2025 · 16 years

LineLatestCAGRTrend
Revenue$20.68B-0.3%
Operating income$2.51B+10.8%
Cash from ops$2.05B+16.5%
Quotation

$266.79

+7.34 (+2.8%)

52w hi$266.79
52w lo$161.37
Vol451.90K
As ofAug 12
The Verdict

Hold

Our score +0.44

Short+0.16
Medium+0.58
Long+0.71

computed 2026-08-12

By the Numbers

Tenet Healthcare Corporation

Healthcare · Medical Care Facilities

Market cap$21.48B
Enterprise value$36.01B
Trailing P/E10.31x
Forward P/E12.81x
EV / EBITDA7.43x
P / S (ttm)0.98x
Profit margin10.3%
Return on equity37.3%
Revenue growth+6.8%
Earnings growth+213.4%
Debt / equity152.28
Risk Metrics
Beta vs SPX0.87
Corr SPX0.32
Annual vol44.1%
Annual ret+39.8%
Sharpe0.90
Max DD-34.5%

Window: 504 trading days (504 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.36
Sector+0.12
Technical+0.17
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-08-12

Recent Sessions
DateOpenHighLowCloseVol
Aug 12$258.21$269.31$256.29$266.79451.90K
Aug 11$259.14$263.55$257.32$259.45580.40K
Aug 10$261.30$264.26$259.15$259.93889.10K
Aug 7$256.49$263.14$255.70$262.13626.20K
Aug 6$264.15$265.32$256.24$256.64725.60K