Salem Media Group
SALM
#7951
Rank
$8.43 M
Marketcap
$0.32
Share price
3.23%
Change (1 day)
-77.14%
Change (1 year)

P/E ratio for Salem Media Group (SALM)

P/E ratio as of March 2024 (TTM): -0.3299

According to Salem Media Group 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -0.329897. At the end of 2022 the company had a P/E ratio of -8.08.

P/E ratio history for Salem Media Group from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
2022-8.08-503.85%
20212.00-490.38%
2020-0.5123-62.64%
2019-1.37-92.13%
2018-17.4-463.13%
20174.80-74.68%
201618.963.53%
201511.6-68.68%
201437.0-155.25%
2013-66.9-308.37%
201232.1199.93%
201110.7-72.98%
201039.6-331.53%
2009-17.13094.67%
2008-0.5357-102.68%
200720.030.35%
200615.3-57.08%
200535.7-59.94%
200489.1-109.86%
2003-904-2236%
200242.3-66.88%
2001128

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
-0.6397 93.91%๐Ÿ‡บ๐Ÿ‡ธ USA
40.7-12,427.09%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.