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Relatively High Forward P/E Ratio Detected in Shares of New York Times-A in the Publishing Industry (NYT, NWS, NWSA, SCHL, NEWM)

By James Quinn

Below are the three companies in the Publishing industry with the highest forward price to earnings (P/E) ratios. Forward P/E uses estimated earnings to compare relative value among companies in the same industry. Generally, the lower the forward P/E, the more undervalued a company is believed to be.

New York Times-A ranks highest with a a forward P/E ratio of 30.59. News Corp-Cl B is next with a a forward P/E ratio of 29.83. News Corp-Cl A ranks third highest with a a forward P/E ratio of 29.23.

Scholastic Corp follows with a a forward P/E ratio of 20.42, and New Media Invest rounds out the top five with a a forward P/E ratio of 8.01.

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 29.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: highest forward p/e ratio new york times-a news corp-cl b news corp-cl a scholastic corp new media invest

Ticker(s): NYT NWS NWSA SCHL NEWM