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Relatively Low P/E Ratio Detected in Shares of Entercom Comm-A in the Broadcasting Industry (ETM, AMCX, SALM, CBS, TGNA)

By Shiri Gupta

Below are the three companies in the Broadcasting industry with the lowest 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.

Entercom Comm-A ranks lowest with a a P/E ratio of 6.28. Following is Amc Networks-A with a a P/E ratio of 6.41. Salem Media Grou ranks third lowest with a a P/E ratio of 6.96.

Cbs Corp-B follows with a a P/E ratio of 8.65, and Tegna Inc rounds out the bottom five with a a P/E ratio of 10.83.

SmarTrend recommended that its subscribers protect gains by selling shares of Entercom Comm-A on May 29th, 2019 by issuing a Downtrend alert when the shares were trading at $5.83. Since that call, shares of Entercom Comm-A have fallen 42.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: lowest p/e ratio entercom comm-a amc networks-a salem media grou cbs corp-b tegna inc