GTN Gray Television PE ratio, current and historical analysis
The current PE ratio for Gray Television stock as of Feb 21, 2025 is 2.5. This is calculated based on the current EPS of $1.52 and the stock price of $3.8 per share.
GTN PE ratio history
The average historical PE ratio of Gray Television for the last ten years is 12.89. The current P/E ratio of 2.5 is 81% lower than the historical average. In the past ten years, GTN's PE ratio peaked in the Jun 2024 quarter at 65, when the stock price was $5.2 and the EPS was $0.08. The lowest point was in the Dec 2022 quarter, when it reached 2.55 with a price of $11.19 and an EPS of $4.38.
Gray Television PE ratio by year
Maximum annual increase: 950% in 2021
Maximum annual decrease: -94.94% in 2022
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2023 | N/A | N/A | $8.96 | -$1.39 |
| 2022 | 2.55 | -94.94% | $11.19 | $4.38 |
| 2021 | 50.4 | 950% | $20.16 | $0.4 |
| 2020 | 4.8 | -71.34% | $17.89 | $3.73 |
| 2019 | 16.75 | 171.47% | $21.44 | $1.28 |
| 2018 | 6.17 | 32.12% | $14.74 | $2.39 |
| 2017 | 4.67 | -62.55% | $16.75 | $3.59 |
| 2016 | 12.47 | -55.62% | $10.85 | $0.87 |
| 2015 | 28.1 | 108.3% | $16.3 | $0.58 |
| 2014 | 13.49 | -70.99% | $11.2 | $0.83 |
| 2013 | 46.5 | 787.4% | $14.88 | $0.32 |
| 2012 | 5.24 | -90.3% | $2.2 | $0.42 |
| 2011 | 54 | 361.93% | $1.62 | $0.03 |
| 2010 | 11.69 | N/A | $1.87 | $0.16 |
| 2009 | N/A | N/A | $1.5 | -$0.83 |
Gray Television PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Sep 2024 | 3.53 | -94.57% | $5.36 | $1.52 |
| Jun 2024 | 65 | N/A | $5.2 | $0.08 |
| Mar 2024 | N/A | N/A | $6.32 | -$0.11 |
| Dec 2023 | N/A | N/A | $8.96 | -$1.39 |
| Sep 2023 | 9.11 | 174.4% | $6.92 | $0.76 |
| Jun 2023 | 3.32 | 29.18% | $7.88 | $2.37 |
| Mar 2023 | 2.57 | 0.78% | $8.72 | $3.39 |
| Dec 2022 | 2.55 | -52.6% | $11.19 | $4.38 |
| Sep 2022 | 5.38 | -58.58% | $14.32 | $2.66 |
| Jun 2022 | 12.99 | -61.74% | $16.89 | $1.3 |
| Mar 2022 | 33.95 | -32.64% | $22.07 | $0.65 |
| Dec 2021 | 50.4 | 439.04% | $20.16 | $0.4 |
| Sep 2021 | 9.35 | 56.35% | $22.82 | $2.44 |
| Jun 2021 | 5.98 | 17.72% | $23.4 | $3.91 |
| Mar 2021 | 5.08 | 5.83% | $18.4 | $3.62 |
GTN average PE ratio chart
The current PE ratio of GTN is lower than the 3, 5 and 10-year averages.
GTN PE vs peers
In comparison to its peer stocks DIS and FOXA, GTN's PE ratio is lower.
| Stock name | PE ratio | Market cap |
|---|---|---|
| GTN Gray Television Inc | 2.5 | $378.74M |
| NXST Nexstar Media Group Inc | 8.55 | $4.64B |
| FOXA Fox Corp | 12.09 | $25.82B |
| DIS Walt Disney Co | 35.17 | $196.43B |
| SBGI Sinclair Broadcast Group Inc | N/A | $963.1M |
| EVC Entravision Communications Corp | N/A | $197.97M |
| SSP EW SCRIPPS Co | N/A | $154.59M |
| MEG Montrose Environmental Group Inc | N/A | $608.5M |
Frequently asked questions
What is Gray Television's PE ratio?
The price to earnings ratio for GTN stock is 2.5 as of Feb 21, 2025.
What is the 3-year average PE ratio for Gray Television (GTN)?
The 3-year average price to earnings ratio for GTN stock is 15.38.
What is the 5-year average PE ratio for Gray Television (GTN)?
The 5-year average price to earnings ratio for GTN stock is 13.74.
What is the highest PE ratio for GTN?
Over the last ten years, the quarterly PE ratio reached a historic high of 65 in the Jun 2024 quarter.
How does the current PE ratio for GTN compare to its historical average?
The current price to earnings ratio of GTN is 81% lower than the 10-year historical average.
Why is Gray Television's PE ratio so low?
GTN's PE ratio is low because the stock price is relatively cheap compared to the earnings generated by the company.
How is GTN's PE ratio calculated (Gray Television PE ratio formula)?
The P/E ratio is calculated by taking the latest stock price and dividing it by the EPS for the last 12 months. As of today (Feb 21, 2025), Gray Television's stock price is $3.8. The earnings per share for the trailing twelve months (TTM) ending Sep 2024 is $1.52. Therefore, Gray Television's PE ratio for today is 2.5. PE RATIO(2.5) = STOCK PRICE($3.8) / TTM EPS($1.52)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.