P/E ratio for Montrose Environmental (MEG)
P/E ratio as of September 2023 (TTM): -15.9
According to Montrose Environmental's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -15.875. At the end of 2021 the company had a P/E ratio of -44.3.
P/E ratio history for Montrose Environmental from 2020 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | -44.3 | 613.06% |
| 2020 | -6.22 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Sinclair Broadcast SBGI | 4.73 | -129.80% | 🇺🇸 USA |
 Nexstar Media Group
NXST | 7.57 | -147.68% | 🇺🇸 USA |
 Daily Journal DJCO | -24.0 | 51.27% | 🇺🇸 USA |
 New York Times NYT | 38.4 | -341.67% | 🇺🇸 USA |
 E. W. Scripps Company
SSP | -0.7707 | -95.15% | 🇺🇸 USA |
 Lee Enterprises
LEE | -6.33 | -60.14% | 🇺🇸 USA |
 Gray Television
GTN | 2.97 | -118.68% | 🇺🇸 USA |
 Gannett GCI | -14.2 | -10.33% | 🇺🇸 USA |
 Entravision Communications
EVC | 40.4 | -354.77% | 🇺🇸 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.