Relative Valuation Lab

Implied price gap for HCA Healthcare, Inc. vs Tenet Healthcare Corp

Live view of SEC fundamentals with peer-based benchmarks and implied valuation gaps.

Implied price

Blend averages both multiples when available.

Current vs implied

Current

$469.29

Implied

$135.44

If HCA Healthcare, Inc. traded at Tenet Healthcare Corp P/E multiple, the stock price would be $135.44 (vs $469.29).

-71.1% (-$333.85)

Implied from P/E

$135.44

Implied from P/S

$263.45

Implied price calculator

Apply the selected peer multiple to the target fundamentals.

Target company

HCA

Benchmark peer

THC

HCA Healthcare, Inc. fundamentals

Current price

$469.29

EPS (TTM)

22.00

Rev / share

284.30

Tenet Healthcare Corp multiples

P/E multiple

6.16x

P/S multiple

0.93x

Growth vs value matrix

Bottom-right quadrant is the sweet spot: high growth, low valuation.

EV/Revenue vs growth

Smart diff metrics

Highlight the winner and flag when premiums are justified.

Metric	HCA	Delta vs THC	THC	Context
Revenue growth (LTM)	8.7%	1423.3% higher	0.6%	Growth edge
Gross margin	12.1%	N/A	—	Pricing power
EBITDA margin	21.2%	44.2% lower	38.0%	Operating leverage
EV/Revenue	1.69x	18.9% higher	1.42x	Multiple premium
P/E	21.99x	257.2% higher	6.16x	Premium justified
Net debt / EBITDA	-0.1	105.8% lower	1.3	Lower leverage

Football field valuation

See where HCA Healthcare, Inc. trades vs valuation ranges.

Peer implied

$142.79 - $263.45

Historical band

$435.42 - $532.18

DCF range

$2,561.89 - $3,466.09

Value trap detector

Quality signals that explain why a cheap stock might stay cheap.

Piotroski F-Score

Financial strength (0-9).

HCA Healthcare, Inc.6/9

Partial coverage: 8/9 checks

Tenet Healthcare Corp6/9

Partial coverage: 8/9 checks

Altman Z-Score

Bankruptcy risk gauge.

HCA Healthcare, Inc.: not enough data yet.

Tenet Healthcare CorpGrey (2.24)

DistressGreySafe

Enterprise value bridge

Market cap + debt - cash = EV.

Enterprise value$119.0B

Market cap $120.1BDebt $935.0MCash -$2.0B

Risk factor diff (10-K Item 1A)

Unique risks that explain valuation discounts.

SEC text parsing is not configured yet. Connect 10-K text ingestion to compare Item 1A risk factors.

MD&A sentiment pulse

Tracks uncertainty language that often precedes multiple compression.

No MD&A sentiment data found. Enable the filing text analyzer to populate this chart.

HCA CIK: 860730

THC CIK: 70318

Relative Valuation Lab

Implied price gap for HCA Healthcare, Inc. vs Tenet Healthcare Corp

Live view of SEC fundamentals with peer-based benchmarks and implied valuation gaps.

Implied price

Blend averages both multiples when available.

Current vs implied

Current

$469.29

Implied

$135.44

If HCA Healthcare, Inc. traded at Tenet Healthcare Corp P/E multiple, the stock price would be $135.44 (vs $469.29).

-71.1% (-$333.85)

Implied from P/E

$135.44

Implied from P/S

$263.45

Implied price calculator

Apply the selected peer multiple to the target fundamentals.

Target company

HCA

Benchmark peer

THC

HCA Healthcare, Inc. fundamentals

Current price

$469.29

EPS (TTM)

22.00

Rev / share

284.30

Tenet Healthcare Corp multiples

P/E multiple

6.16x

P/S multiple

0.93x

Growth vs value matrix

Bottom-right quadrant is the sweet spot: high growth, low valuation.

EV/Revenue vs growth

Smart diff metrics

Highlight the winner and flag when premiums are justified.

Metric	HCA	Delta vs THC	THC	Context
Revenue growth (LTM)	8.7%	1423.3% higher	0.6%	Growth edge
Gross margin	12.1%	N/A	—	Pricing power
EBITDA margin	21.2%	44.2% lower	38.0%	Operating leverage
EV/Revenue	1.69x	18.9% higher	1.42x	Multiple premium
P/E	21.99x	257.2% higher	6.16x	Premium justified
Net debt / EBITDA	-0.1	105.8% lower	1.3	Lower leverage

Football field valuation

See where HCA Healthcare, Inc. trades vs valuation ranges.

Peer implied

$142.79 - $263.45

Historical band

$435.42 - $532.18

DCF range

$2,561.89 - $3,466.09

Value trap detector

Quality signals that explain why a cheap stock might stay cheap.

Piotroski F-Score

Financial strength (0-9).

HCA Healthcare, Inc.6/9

Partial coverage: 8/9 checks

Tenet Healthcare Corp6/9

Partial coverage: 8/9 checks

Altman Z-Score

Bankruptcy risk gauge.

HCA Healthcare, Inc.: not enough data yet.

Tenet Healthcare CorpGrey (2.24)

DistressGreySafe

Enterprise value bridge

Market cap + debt - cash = EV.

Enterprise value$119.0B

Market cap $120.1BDebt $935.0MCash -$2.0B

Risk factor diff (10-K Item 1A)

Unique risks that explain valuation discounts.

SEC text parsing is not configured yet. Connect 10-K text ingestion to compare Item 1A risk factors.

MD&A sentiment pulse

Tracks uncertainty language that often precedes multiple compression.

No MD&A sentiment data found. Enable the filing text analyzer to populate this chart.

HCA CIK: 860730

THC CIK: 70318