Question 1

What is HCA Healthcare's P/S ratio?

Accepted Answer

HCA Healthcare (HCA) P/S ratio is 1.1× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month revenue, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/S ratio calculated?

Accepted Answer

P/S = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Revenue, or equivalently Share Price ÷ TTM Revenue Per Share. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/S ratio?

Accepted Answer

The price-to-sales (P/S) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) revenue. It is calculated as market cap ÷ TTM revenue (equivalent to share price ÷ TTM revenue per share). Because the denominator (revenue) cannot be negative, P/S is widely used to value unprofitable or pre-profit companies and to make cross-sector comparisons.

Question 4

What is a good P/S ratio for HCA Healthcare?

Accepted Answer

A "good" P/S depends heavily on profit margin and growth: software and other high-margin businesses often command 5–15× sales, while low-margin retailers and commodity producers typically trade below 1×. Compare against sector peers rather than absolute thresholds. For HCA Healthcare specifically, the relevant sector benchmark is the current sector median of 3.5×.

Question 5

Is HCA Healthcare's P/S ratio high or low?

Accepted Answer

HCA Healthcare's P/S ratio of 1.1× is below its own 5-year average of 1.2× and below the sector median of 3.5×. That places the current reading at the 14th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is HCA Healthcare's historical P/S ratio range?

Accepted Answer

In the available daily series, HCA Healthcare (HCA) P/S ratio has ranged from a low of 0.3× in 2011 to a high of 1.7× in 2025. The 5-year average is 1.2× and the 5-year median is 1.2×.

Question 7

What was HCA Healthcare's P/S ratio in 2025?

Accepted Answer

HCA Healthcare (HCA) P/S ratio at the end of 2025 was 1.4×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month revenue figure available at that date.

Question 8

Why does HCA Healthcare's P/S ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (revenue). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$107.71B	$75.60B	1.4×	+0.4×	Dec 31, 2025
2024	$75.73B	$70.60B	1.1×	-0.0×	Dec 31, 2024
2023	$71.88B	$64.97B	1.1×	+0.0×	Dec 31, 2023
2022	$66.56B	$60.23B	1.1×	-0.2×	Dec 31, 2022
2021	$78.48B	$58.75B	1.3×	+0.3×	Dec 31, 2021
2020	$55.82B	$51.53B	1.1×	+0.1×	Dec 31, 2020
2019	$50.03B	$51.34B	1.0×	+0.1×	Dec 31, 2019
2018	$42.67B	$46.68B	0.9×	+0.2×	Dec 31, 2018
2017	$30.75B	$43.61B	0.7×	+0.0×	Dec 31, 2017
2016	$27.43B	$41.49B	0.7×	-0.0×	Dec 31, 2016
2015	$26.97B	$39.68B	0.7×	-0.2×	Dec 31, 2015
2014	$30.86B	$36.92B	0.8×	+0.2×	Dec 31, 2014
2013	$20.97B	$34.18B	0.6×	+0.2×	Dec 31, 2013
2012	$13.37B	$33.81B	0.4×	+0.1×	Dec 31, 2012
2011	$9.62B	$32.51B	0.3×	-0.1×	Dec 31, 2011
2010	$13.23B	$30.68B	0.4×	-0.0×	Dec 31, 2010
2009	$13.23B	$30.05B	0.4×	-0.0×	Dec 31, 2009
2008	$13.23B	$28.37B	0.5×	-0.0×	Dec 31, 2008
2007	$13.23B	$26.86B	0.5×	-0.0×	Dec 31, 2007
2006	$13.23B	$25.48B	0.5×	+0.0×	Dec 31, 2006
2005	$12.55B	$24.45B	0.5×	-0.1×	Dec 31, 2005
2004	$13.27B	$23.50B	0.6×	-0.1×	Dec 31, 2004
2003	$15.13B	$21.81B	0.7×	-0.1×	Dec 31, 2003
2002	$15.77B	$19.73B	0.8×	-0.1×	Dec 31, 2002
2001	$15.77B	$17.95B	0.9×	—	Dec 31, 2001


Pfizer (PFE)	2.5×
Zimmer Biomet Holdings (ZBH)	2.1×
AptarGroup (ATR)	2.1×
Becton, Dickinson and (BDX)	2.1×
Charles River (CRL)	1.9×
Quest Diagnostics (DGX)	1.9×
IQVIA (IQV)	1.7×
GE HealthCare (GEHC)	1.6×
Labcorp Holdings (LH)	1.6×
Solventum (SOLV)	1.4×
Viatris (VTRS)	1.1×
Baxter International (BAX)	0.8×
DaVita (DVA)	0.7×
Henry Schein (HSIC)	0.6×
Universal Health Services (UHS)	0.6×
UnitedHealth Group (UNH)	0.5×
Elevance Health (ELV)	0.3×
McKesson (MCK)	0.3×
Cigna (CI)	0.3×
CVS Health (CVS)	0.2×
Cardinal Health (CAH)	0.2×
Cencora (COR)	0.2×
Humana (HUM)	0.2×
Molina Healthcare (MOH)	0.2×
Centene (CNC)	0.1×

P/S Ratio for HCA Healthcare (HCA)

P/S Ratio daily chart for HCA Healthcare (HCA)

Historical P/S Ratio for HCA Healthcare (HCA) from 2001 to 2025

About P/S Ratio at HCA Healthcare (HCA)

HCA Healthcare P/S Ratio by Year

HCA Healthcare P/S Ratio 2025: 1.4×

HCA Healthcare P/S Ratio 2024: 1.1×

HCA Healthcare P/S Ratio 2023: 1.1×

HCA Healthcare P/S Ratio 2022: 1.1×

HCA Healthcare P/S Ratio 2021: 1.3×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

HCA Healthcare (HCA) Key Financials

P/S Ratio daily chart for HCA Healthcare (HCA)

Historical P/S Ratio for HCA Healthcare (HCA) from 2001 to 2025

About P/S Ratio at HCA Healthcare (HCA)

HCA Healthcare P/S Ratio by Year

HCA Healthcare P/S Ratio 2025: 1.4×

HCA Healthcare P/S Ratio 2024: 1.1×

HCA Healthcare P/S Ratio 2023: 1.1×

HCA Healthcare P/S Ratio 2022: 1.1×

HCA Healthcare P/S Ratio 2021: 1.3×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

+What is HCA Healthcare's P/S ratio?

+How is the P/S ratio calculated?

+What is the P/S ratio?

+What is a good P/S ratio for HCA Healthcare?

+Is HCA Healthcare's P/S ratio high or low?

+What is HCA Healthcare's historical P/S ratio range?

+What was HCA Healthcare's P/S ratio in 2025?

+Why does HCA Healthcare's P/S ratio change over time?

HCA Healthcare (HCA) Key Financials