P/E ratio for Nexstar Media Group (NXST)
P/E ratio as of April 2024 (TTM): 8.60
According to Nexstar Media Group 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.60441. At the end of 2022 the company had a P/E ratio of 7.09.
P/E ratio history for Nexstar Media Group from 2003 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 7.09 | -6.76% |
| 2021 | 7.61 | 26.71% |
| 2020 | 6.00 | -74.35% |
| 2019 | 23.4 | 153.85% |
| 2018 | 9.22 | 22.14% |
| 2017 | 7.55 | -64.35% |
| 2016 | 21.2 | -9.84% |
| 2015 | 23.5 | -4.79% |
| 2014 | 24.7 | -102.21% |
| 2013 | < -1000 | -66091.9% |
| 2012 | 1.69 | -109.05% |
| 2011 | -18.7 | -81.3% |
| 2010 | -99.8 | 984.61% |
| 2009 | -9.20 | 4845.19% |
| 2008 | -0.1861 | -98.55% |
| 2007 | -12.9 | -11.41% |
| 2006 | -14.5 | 398.88% |
| 2005 | -2.91 | -77.25% |
| 2004 | -12.8 | 520.2% |
| 2003 | -2.06 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Walt Disney DIS | 91.1 | 958.63% | 🇺🇸 USA |
 Comcast CMCSA | 10.8 | 26.08% | 🇺🇸 USA |
 Sinclair Broadcast SBGI | 8.94 | 3.89% | 🇺🇸 USA |
 E. W. Scripps Company
SSP | -0.4323 | -105.02% | 🇺🇸 USA |
 Gray Television
GTN | 2.40 | -72.13% | 🇺🇸 USA |
 Entravision Communications
EVC | 23.3 | 171.18% | 🇺🇸 USA |
 Montrose Environmental MEG | -23.2 | -369.39% | 🇺🇸 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.