Salem Media Group
SALM
#6695
Rank
$46.53 M
Marketcap
$1.71
Share price
-2.84%
Change (1 day)
-46.56%
Change (1 year)

P/E ratio for Salem Media Group (SALM)

P/E ratio as of October 2022 (TTM): 0.9454

According to Salem Media Group 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 0.945355. 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
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%
201232.1

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.