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Shares of Saga Communications Rank the Highest in Terms of Forward P/E Ratio in the Broadcasting Industry (SGA, ETM, MEG, CBS, SNI)

By Shiri Gupta

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.

Saga Communications ranks highest with a a forward P/E ratio of 18.33. Following is Entercom Communications with a a forward P/E ratio of 16.32. Media General ranks third highest with a a forward P/E ratio of 14.74.

CBS follows with a a forward P/E ratio of 13.07, and Scripps Networks Interactive rounds out the top five with a a forward P/E ratio of 12.76.

SmarTrend recommended that its subscribers protect gains by selling shares of CBS on July 21st, 2016 by issuing a Downtrend alert when the shares were trading at $54.39. Since that call, shares of CBS have fallen 4.7%. 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 saga communications entercom communications media general Scripps Networks Interactive