P/E ratio for Montrose Environmental (MEG)
P/E ratio as of April 2024 (TTM): -22.8
According to Montrose Environmental's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -22.7826. At the end of 2022 the company had a P/E ratio of -27.4.
P/E ratio history for Montrose Environmental from 2020 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -27.4 | -37.82% |
| 2021 | -44.1 | 617.72% |
| 2020 | -6.14 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Sinclair Broadcast SBGI | 9.17 | -140.24% | 🇺🇸 USA |
 Nexstar Media Group
NXST | 8.72 | -138.26% | 🇺🇸 USA |
 Daily Journal DJCO | -28.0 | 22.94% | 🇺🇸 USA |
 New York Times NYT | 39.0 | -271.35% | 🇺🇸 USA |
 E. W. Scripps Company
SSP | -0.4765 | -97.91% | 🇺🇸 USA |
 Lee Enterprises
LEE | -7.76 | -65.92% | 🇺🇸 USA |
 Gray Television
GTN | 2.45 | -110.77% | 🇺🇸 USA |
 Gannett GCI | -14.7 | -35.45% | 🇺🇸 USA |
 Entravision Communications
EVC | 22.0 | -196.56% | 🇺🇸 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.