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Shares of Ew Scripps-A Rank the Highest in Terms of Forward P/E Ratio in the Broadcasting Industry (SSP, HMTV, TRCO, MEG, GTN)

By Nick Russo

Below are the three companies in the Broadcasting 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.

Ew Scripps-A ranks highest with a a forward P/E ratio of 35.15. Following is Hemisphere Media with a a forward P/E ratio of 31.47. Tribune Media -A ranks third highest with a a forward P/E ratio of 25.81.

Media General follows with a a forward P/E ratio of 24.91, and Gray Television rounds out the top five with a a forward P/E ratio of 19.31.

SmarTrend recommended that subscribers consider buying shares of Gray Television on September 11th, 2019 as our technology indicated a new Uptrend was in progress when shares hit $17.21. Since that recommendation, shares of Gray Television have risen 26.1%. We continue to monitor Gray Television for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: highest forward p/e ratio ew scripps-a hemisphere media tribune media -a :meg media general gray television