P/E ratio for Gray Television (GTN)

P/E ratio history for Gray Television from 2002 to 2023

PE ratio at the end of each year

P/E ratio for similar companies or competitors

Company	P/E ratio	P/E ratio differencediff.	Country
Sinclair Broadcast SBGI	12.1	550.95%	🇺🇸 USA
Nexstar Media Group NXST	8.94	379.44%	🇺🇸 USA
Entravision Communications EVC	28.8	1,443.53%	🇺🇸 USA
E. W. Scripps Company SSP	-0.2597	-113.93%	🇺🇸 USA
Montrose Environmental MEG	-12.0	-741.30%	🇺🇸 USA
Walt Disney DIS	82.8	4,343.16%	🇺🇸 USA

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.