PHG vs. THC: Koninklijke Philips vs. Tenet Healthcare Stock Comparison

November 11, 2026

How do Koninklijke Philips (PHG) and Tenet Healthcare (THC) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Koninklijke Philips (PHG) and Tenet Healthcare (THC) both fall under the Health Care Equipment & Services industry group, but PHG is classified in Health Care Equipment & Supplies while THC is classified in Health Care Providers & Services.

Tenet Healthcare (THC) trades as ordinary local shares, while Koninklijke Philips (PHG) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for Koninklijke Philips (PHG) and Tenet Healthcare (THC)
Profile Item	PHG	THC
Name	Koninklijke Philips N.V. ADR	Tenet Healthcare Corp.
Country/Region	Netherlands	United States
GICS Sector	Health Care	Health Care
GICS Industry Group	Health Care Equipment & Services	Health Care Equipment & Services
GICS Industry	Health Care Equipment & Supplies	Health Care Providers & Services
GICS Sub-Industry	Health Care Equipment	Health Care Facilities
Market Capitalization	29.67 billion USD	22.55 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	March 17, 1980	March 17, 1980
Security Type	ADR	Common Stock

Price Performance

Cumulative Growth

PHG

THC

GSPC

Koninklijke Philips (PHG) vs. Tenet Healthcare (THC), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Koninklijke Philips (PHG) and Tenet Healthcare (THC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Koninklijke Philips (PHG) and Tenet Healthcare (THC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Koninklijke Philips (PHG) and Tenet Healthcare (THC)
Metric	PHG	THC
Total Return (1Y)	13.15%	43.40%
Total Return (3Y, Annualized)	18.95%	77.47%
Total Return (5Y, Annualized)	-6.38%	29.92%

Risk Profile

Drawdown History

PHG

THC

GSPC

Koninklijke Philips (PHG) vs. Tenet Healthcare (THC), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Koninklijke Philips (PHG) and Tenet Healthcare (THC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Koninklijke Philips (PHG) and Tenet Healthcare (THC)
Metric	PHG	THC
Volatility (1Y, Annualized)	29.55%	43.80%
Beta (5Y)	0.65	1.17
Max Drawdown (5Y)	-74.51%	-58.88%
Avg. Volume (3M)	1.08M	768.24K

Risk-Adjusted Performance

Risk-Return Positioning

PHG and THC are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Koninklijke Philips (PHG) and Tenet Healthcare (THC)
Metric	PHG	THC
Sharpe Ratio (1Y)	0.30	0.89
Sortino Ratio (1Y)	0.48	1.71

Profitability

ROE (TTM)

Tenet Healthcare (THC) at 41.70% sits in the top ROE quartile, while Koninklijke Philips (PHG) at 8.61% is closer to the peer norm — stronger capital efficiency for THC.

PHG

Health Care Equipment & Services industry group

8.61%

Max: 47.61%
Q3: 14.36%
PHG: 8.61%
Median: 5.45%
Q1: -10.67%
Min: -47.01%

THC

Health Care Equipment & Services industry group

41.70%

Max: 47.61%
THC: 41.70%
Q3: 14.36%
Median: 5.45%
Q1: -10.67%
Min: -47.01%

Koninklijke Philips (PHG) vs. Tenet Healthcare (THC): A comparison of their ROE against the Health Care Equipment & Services industry group benchmark.

Net Margin (TTM)

Tenet Healthcare (THC) at 13.09% retains a top-quartile share of revenue as profit, ahead of Koninklijke Philips (PHG) at 5.39%, which keeps about the industry-typical share.

PHG

Health Care Equipment & Services industry group

5.39%

Max: 29.35%
Q3: 9.33%
PHG: 5.39%
Median: 2.18%
Q1: -6.29%
Min: -28.46%

THC

Health Care Equipment & Services industry group

13.09%

Max: 29.35%
THC: 13.09%
Q3: 9.33%
Median: 2.18%
Q1: -6.29%
Min: -28.46%

Koninklijke Philips (PHG) vs. Tenet Healthcare (THC): A comparison of their net margin against the Health Care Equipment & Services industry group benchmark.

Operating Margin (TTM)

Tenet Healthcare (THC) at 19.04% operates in the top operating margin quartile, ahead of Koninklijke Philips (PHG) at 3.76%, which runs around its industry’s norm.

PHG

Health Care Equipment & Services industry group

3.76%

Max: 35.43%
Q3: 14.14%
Median: 6.81%
PHG: 3.76%
Q1: -0.28%
Min: -16.29%

THC

Health Care Equipment & Services industry group

19.04%

Max: 35.43%
THC: 19.04%
Q3: 14.14%
Median: 6.81%
Q1: -0.28%
Min: -16.29%

Koninklijke Philips (PHG) vs. Tenet Healthcare (THC): A comparison of their operating margin against the Health Care Equipment & Services industry group benchmark.

Profitability Metrics

Profitability metrics for Koninklijke Philips (PHG) and Tenet Healthcare (THC)
Metric	PHG	THC
ROE (TTM)	8.61%	41.70%
ROA (TTM)	3.59%	8.68%
Net Margin (TTM)	5.39%	13.09%
Operating Margin (TTM)	3.76%	19.04%
Gross Margin (TTM)	46.43%	42.47%

Growth

Revenue Growth

Both Koninklijke Philips (PHG) at -1.04% and Tenet Healthcare (THC) at 3.07% post bottom-quartile revenue growth versus peers, pointing to weaker demand or pricing momentum than typical rivals.

Koninklijke Philips (PHG) vs. Tenet Healthcare (THC): A comparison of their Revenue Growth across different time periods.

EPS Growth

Only one side can be read here: Tenet Healthcare (THC) reports EPS growth of -52.63%, ranked against its industry; Koninklijke Philips (PHG) has no EPS growth figure this period.

Koninklijke Philips (PHG) vs. Tenet Healthcare (THC): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Koninklijke Philips (PHG) and Tenet Healthcare (THC)
Metric	PHG	THC
Revenue Growth (YoY)	-1.04%	3.07%
Revenue Growth (3Y CAGR)	0.01%	3.58%
EPS Growth (YoY)	--	-52.63%
EPS Growth (3Y CAGR)	--	59.88%

Financial Strength

Current Ratio (MRQ)

Tenet Healthcare (THC) at 1.59 keeps current ratio within its industry’s typical mid-range, while Koninklijke Philips (PHG) at 1.33 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for PHG.

PHG

Health Care Equipment & Services industry group

1.33

Max: 7.59
Q3: 4.00
Median: 1.98
Q1: 1.37
PHG: 1.33
Min: 0.30

THC

Health Care Equipment & Services industry group

1.59

Max: 7.59
Q3: 4.00
Median: 1.98
THC: 1.59
Q1: 1.37
Min: 0.30

Koninklijke Philips (PHG) vs. Tenet Healthcare (THC): A comparison of their current ratio against the Health Care Equipment & Services industry group benchmark.

Debt / Equity (MRQ)

Koninklijke Philips (PHG) at 0.70 carries an industry-typical debt-to-equity mix, while Tenet Healthcare (THC) at 1.38 uses more debt funding than most peers.

PHG

Health Care Equipment & Services industry group

0.70

Max: 1.88
Q3: 0.91
PHG: 0.70
Median: 0.58
Q1: 0.16
Min: 0.00

THC

Health Care Equipment & Services industry group

1.38

Max: 1.88
THC: 1.38
Q3: 0.91
Median: 0.58
Q1: 0.16
Min: 0.00

Koninklijke Philips (PHG) vs. Tenet Healthcare (THC): A comparison of their debt-to-equity ratio against the Health Care Equipment & Services industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Koninklijke Philips (PHG) and Tenet Healthcare (THC)
Metric	PHG	THC
Current Ratio (MRQ)	1.33	1.59
Debt / Equity (MRQ)	0.70	1.38
Net Debt / EBITDA	2.45	2.06

Dividends

Dividend Yield (TTM)

Neither Koninklijke Philips (PHG) nor Tenet Healthcare (THC) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

PHG

Health Care Equipment & Services industry group

0.00%

PHG: 0.00%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

THC

Health Care Equipment & Services industry group

0.00%

THC: 0.00%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Koninklijke Philips (PHG) vs. Tenet Healthcare (THC): A comparison of their dividend yield against the Health Care Equipment & Services industry group benchmark.

Dividend Payout Ratio (TTM)

Koninklijke Philips (PHG) reports payout ratio above 100% at 211.79%, meaning dividends exceeded current-period earnings; Tenet Healthcare (THC) pays no dividend (payout 0.00%).

PHG

Health Care Equipment & Services industry group

211.79%

PHG: 211.79%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

THC

Health Care Equipment & Services industry group

0.00%

THC: 0.00%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Koninklijke Philips (PHG) vs. Tenet Healthcare (THC): A comparison of their payout ratio against the Health Care Equipment & Services industry group benchmark.

Dividend Metrics

Dividend metrics for Koninklijke Philips (PHG) and Tenet Healthcare (THC)
Metric	PHG	THC
Dividend Yield (TTM)	0.00%	0.00%
Dividend Payout Ratio (TTM)	211.79%	0.00%

Valuation

P/E Ratio (TTM)

Tenet Healthcare (THC) at 8.26 sits in the cheaper P/E ratio quartile, while Koninklijke Philips (PHG) at 63.23 sits in the richer quartile — a clear split in what investors pay for each dollar of trailing earnings.

PHG

Health Care Equipment & Services industry group

63.23

Max: 80.41
PHG: 63.23
Q3: 47.62
Median: 29.93
Q1: 21.19
Min: 4.21

THC

Health Care Equipment & Services industry group

8.26

Max: 80.41
Q3: 47.62
Median: 29.93
Q1: 21.19
THC: 8.26
Min: 4.21

Koninklijke Philips (PHG) vs. Tenet Healthcare (THC): A comparison of their P/E ratio against the Health Care Equipment & Services industry group benchmark.

P/S Ratio (TTM)

Tenet Healthcare (THC) at 1.02 sits in the cheaper P/S ratio quartile while Koninklijke Philips (PHG) at 1.67 prices around its industry’s middle — THC costs less per dollar of sales, though read it alongside growth and margins.

PHG

Health Care Equipment & Services industry group

1.67

Max: 8.80
Q3: 4.32
Median: 2.13
PHG: 1.67
Q1: 1.10
Min: 0.03

THC

Health Care Equipment & Services industry group

1.02

Max: 8.80
Q3: 4.32
Median: 2.13
Q1: 1.10
THC: 1.02
Min: 0.03

Koninklijke Philips (PHG) vs. Tenet Healthcare (THC): A comparison of their P/S ratio against the Health Care Equipment & Services industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both Koninklijke Philips (PHG) at 2.28 and Tenet Healthcare (THC) at 4.14 are valued close to their industries’ norm against book — neither stands out from peers.

PHG

Health Care Equipment & Services industry group

2.28

Max: 11.68
Q3: 6.12
Median: 3.00
PHG: 2.28
Q1: 1.73
Min: -1.31

THC

Health Care Equipment & Services industry group

4.14

Max: 11.68
Q3: 6.12
THC: 4.14
Median: 3.00
Q1: 1.73
Min: -1.31

Koninklijke Philips (PHG) vs. Tenet Healthcare (THC): A comparison of their P/B ratio against the Health Care Equipment & Services industry group benchmark.

Valuation Metrics

Valuation metrics for Koninklijke Philips (PHG) and Tenet Healthcare (THC)
Metric	PHG	THC
P/E Ratio (TTM)	63.23	8.26
P/S Ratio (TTM)	1.67	1.02
P/B Ratio (MRQ)	2.28	4.14
Free Cash Flow Yield (TTM)	6.23%	8.99%