P/E ratio for Tegna (TGNA)
P/E ratio as of May 2024 (TTM): 4.63
According to Tegna's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 4.63. At the end of 2022 the company had a P/E ratio of 7.54.
P/E ratio history for Tegna from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 7.54 | -12.65% |
| 2021 | 8.63 | 36.14% |
| 2020 | 6.34 | -49.85% |
| 2019 | 12.6 | 118.68% |
| 2018 | 5.78 | -13.35% |
| 2017 | 6.67 | -0.07% |
| 2016 | 6.68 | -13.32% |
| 2015 | 7.70 | 116.31% |
| 2014 | 3.56 | -60.64% |
| 2013 | 9.05 | 75.77% |
| 2012 | 5.15 | 42.07% |
| 2011 | 3.62 | 13.39% |
| 2010 | 3.20 | -37.47% |
| 2009 | 5.11 | -3656.18% |
| 2008 | -0.1437 | -103.19% |
| 2007 | 4.50 | -30.08% |
| 2006 | 6.44 | 3.07% |
| 2005 | 6.25 | -27.33% |
| 2004 | 8.60 | -17.22% |
| 2003 | 10.4 | 20.31% |
| 2002 | 8.63 | -25.12% |
| 2001 | 11.5 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Scholastic SCHL | 22.6 | 389.11% | 🇺🇸 USA |
 E. W. Scripps Company
SSP | -0.5387 | -111.63% | 🇺🇸 USA |
 Lee Enterprises
LEE | -7.40 | -259.83% | 🇺🇸 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.