P/E ratio for Sinclair Broadcast (SBGI)
P/E ratio as of June 2023 (TTM): 4.13
According to Sinclair Broadcast's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 4.1337. At the end of 2021 the company had a P/E ratio of -4.81.
P/E ratio history for Sinclair Broadcast from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | -4.81 | 384.32% |
| 2020 | -0.9922 | -101.52% |
| 2019 | 65.4 | 753.76% |
| 2018 | 7.66 | 15.51% |
| 2017 | 6.63 | -47.33% |
| 2016 | 12.6 | -29.61% |
| 2015 | 17.9 | 43.11% |
| 2014 | 12.5 | -72.38% |
| 2013 | 45.2 | 541.5% |
| 2012 | 7.05 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Walt Disney DIS | 49.9 | 1,106.51% | 🇺🇸 USA |
 Comcast CMCSA | 32.2 | 679.29% | 🇺🇸 USA |
 Nexstar Media Group
NXST | 6.39 | 54.55% | 🇺🇸 USA |
 E. W. Scripps Company
SSP | 6.86 | 65.91% | 🇺🇸 USA |
 Gray Television
GTN | 2.24 | -45.75% | 🇺🇸 USA |
 Entravision Communications
EVC | 20.8 | 403.41% | 🇺🇸 USA |
 Montrose Environmental MEG | -22.5 | -644.46% | 🇺🇸 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.