P/E ratio for Audacy (AUDA)
P/E ratio as of April 2024 (TTM): -0.0017
According to Audacy's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -0.00171315. At the end of 2022 the company had a P/E ratio of -0.0076.
P/E ratio history for Audacy from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -0.0076 | -99.73% |
| 2021 | -2.86 | 6177.6% |
| 2020 | -0.0455 | -7.36% |
| 2019 | -0.0491 | -32.15% |
| 2018 | -0.0724 | -152.47% |
| 2017 | 0.1379 | -74.85% |
| 2016 | 0.5484 | 9.51% |
| 2015 | 0.5007 | -11.05% |
| 2014 | 0.5630 | 9.27% |
| 2013 | 0.5152 | -33.57% |
| 2012 | 0.7756 |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.