Gray Television
GTN
#5213
Rank
$0.78 B
Marketcap
$8.22
Share price
0.24%
Change (1 day)
-28.65%
Change (1 year)

P/E ratio for Gray Television (GTN)

P/E ratio as of December 2023 (TTM): 3.48

According to Gray Television 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 3.48305. At the end of 2022 the company had a P/E ratio of 2.55.

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

PE ratio at the end of each year

Year P/E ratio Change
20222.55-94.94%
202150.4964.91%
20204.73-71.74%
201916.8171.59%
20186.1728.5%
20174.80-61.2%
201612.4-56.74%
201528.6111.92%
201413.5-70.98%
201346.5787.73%
20125.24-93.53%
201181.0549.73%
201012.5-798.13%
2009-1.791828.57%
2008-0.0926-99.39%
2007-15.1-135.09%
200643.1-121.95%
2005-196-1151.69%
200418.7-74.06%
200372.0-1819.53%
2002-4.19

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
74.2 2,030.36%๐Ÿ‡บ๐Ÿ‡ธ USA
10.2 193.41%๐Ÿ‡บ๐Ÿ‡ธ USA
8.01 130.02%๐Ÿ‡บ๐Ÿ‡ธ USA
-1.09-131.21%๐Ÿ‡บ๐Ÿ‡ธ USA
48.2 1,284.48%๐Ÿ‡บ๐Ÿ‡ธ USA
-17.5-602.28%๐Ÿ‡บ๐Ÿ‡ธ 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.