P/E ratio for Salem Media Group (SALM)
P/E ratio as of March 2023 (TTM): 1.74
According to Salem Media Group 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 1.74211. At the end of 2021 the company had a P/E ratio of 2.00.
P/E ratio history for Salem Media Group from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 2.00 | -490.38% |
| 2020 | -0.5123 | -62.64% |
| 2019 | -1.37 | -92.13% |
| 2018 | -17.4 | -463.13% |
| 2017 | 4.80 | -74.68% |
| 2016 | 18.9 | 63.53% |
| 2015 | 11.6 | -68.68% |
| 2014 | 37.0 | -155.25% |
| 2013 | -66.9 | -308.37% |
| 2012 | 32.1 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Beasley Broadcast Group
BBGI | -0.6962 | -139.96% | 🇺🇸 USA |
 Entravision Communications
EVC | 21.2 | 1,118.76% | 🇺🇸 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.