Warner Music Group
WMG
#1084
Rank
$17.10 B
Marketcap
$33.02
Share price
-0.90%
Change (1 day)
1.82%
Change (1 year)
Categories
Warner Music Group Corp. is an American multinational entertainment and record label conglomerate headquartered in New York City.

P/E ratio for Warner Music Group (WMG)

P/E ratio as of March 2024 (TTM): 41.3

According to Warner Music Group 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 41.275. At the end of 2022 the company had a P/E ratio of 37.7.

P/E ratio history for Warner Music Group from 2020 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202237.7-33.72%
202156.8-249.46%
2020-38.0

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
41.3 0.00%๐Ÿ‡บ๐Ÿ‡ธ USA
-1.78-104.31%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.