Gray Television
GTN
#5129
Rank
$0.73 B
Marketcap
$7.58
Share price
9.54%
Change (1 day)
-61.21%
Change (1 year)

P/E ratio for Gray Television (GTN)

P/E ratio as of June 2023 (TTM): 2.24

According to Gray Television 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 2.2426. At the end of 2021 the company had a P/E ratio of 50.4.

P/E ratio history for Gray Television from 2002 to 2022

PE ratio at the end of each year

Year P/E ratio Change
202150.4964.91%
20204.73-71.74%
201916.8172.73%
20186.1427.97%
20174.80-61.2%
201612.4-56.74%
201528.6111.92%
201413.5-70.98%
201346.5787.73%
20125.24-93.53%
201181.0

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
49.9 2,123.92%๐Ÿ‡บ๐Ÿ‡ธ USA
4.13 84.33%๐Ÿ‡บ๐Ÿ‡ธ USA
6.39 184.87%๐Ÿ‡บ๐Ÿ‡ธ USA
6.86 205.82%๐Ÿ‡บ๐Ÿ‡ธ USA
20.8 827.92%๐Ÿ‡บ๐Ÿ‡ธ USA
-22.5-1,103.58%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.