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 |
|---|---|---|
| 2021 | 50.4 | 964.91% |
| 2020 | 4.73 | -71.74% |
| 2019 | 16.8 | 172.73% |
| 2018 | 6.14 | 27.97% |
| 2017 | 4.80 | -61.2% |
| 2016 | 12.4 | -56.74% |
| 2015 | 28.6 | 111.92% |
| 2014 | 13.5 | -70.98% |
| 2013 | 46.5 | 787.73% |
| 2012 | 5.24 | -93.53% |
| 2011 | 81.0 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Walt Disney DIS | 49.9 | 2,123.92% | 🇺🇸 USA |
 Sinclair Broadcast SBGI | 4.13 | 84.33% | 🇺🇸 USA |
 Nexstar Media Group
NXST | 6.39 | 184.87% | 🇺🇸 USA |
 E. W. Scripps Company
SSP | 6.86 | 205.82% | 🇺🇸 USA |
 Entravision Communications
EVC | 20.8 | 827.92% | 🇺🇸 USA |
 Montrose Environmental MEG | -22.5 | -1,103.58% | 🇺🇸 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.