P/E ratio for Nexstar Media Group (NXST)

P/E ratio history for Nexstar Media Group from 2003 to 2023

PE ratio at the end of each year

P/E ratio for similar companies or competitors

Company	P/E ratio	P/E ratio differencediff.	Country
Entravision Communications EVC	26.7	209.80%	🇺🇸 USA
Sinclair Broadcast SBGI	12.2	41.43%	🇺🇸 USA
E. W. Scripps Company SSP	-0.2818	-103.27%	🇺🇸 USA
Montrose Environmental MEG	-9.59	-211.44%	🇺🇸 USA
Walt Disney DIS	90.8	954.48%	🇺🇸 USA
Comcast CMCSA	10.5	22.26%	🇺🇸 USA
Gray Television GTN	1.32	-84.64%	🇺🇸 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.