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Daily Journal has the Highest P/E Ratio in the Publishing Industry (DJCO, NYT, SCHL, NEWM, MDP)

By David Diaz

Below are the three companies in the Publishing industry with the highest price to earnings (P/E) ratios. P/E is an important valuation tool when comparing companies in the same industry. A higher P/E ratio means that investors are paying more for each unit of net income, so the stock is more expensive compared to one with a lower P/E ratio.

Daily Journal ranks highest with a a P/E ratio of 42.03. Following is New York Times-A with a a P/E ratio of 31.03. Scholastic Corp ranks third highest with a a P/E ratio of 25.17.

New Media Invest follows with a a P/E ratio of 19.79, and Meredith Corp rounds out the top five with a a P/E ratio of 11.65.

SmarTrend recommended that its subscribers protect gains by selling shares of New Media Invest on August 6th, 2019 by issuing a Downtrend alert when the shares were trading at $9.00. Since that call, shares of New Media Invest have fallen 8.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: highest p/e ratio daily journal new york times-a scholastic corp new media invest meredith corp