The price-to-earnings ratio for Tegna stock stands at 6.07 as of May 1, 2024. This is based on the current EPS of $2.29 and the stock price of $13.89 per share. An increase of 3.2% has been recorded in the P/E ratio compared to the average of 5.9 of the last 4 quarters.
Over the last ten years, the average PE ratio of Tegna has been 9.44. The current 6.07 PE ratio is 36% below the historical average. In the past ten years, TGNA's PE ratio was at its highest in the Sep 2017 quarter at 27.2, with a price of $13.33 and an EPS of $0.49. The Sep 2018 quarter recorded the bottom point at 4.69, with a price of $11.96 and an EPS of $2.55.
Maximum annual increase: 118.69% in 2019
Maximum annual decrease: -60.62% in 2014
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 6.68 | -11.05% |
| 2022 | 7.51 | -12.98% |
| 2021 | 8.63 | 36.12% |
| 2020 | 6.34 | -49.84% |
| 2019 | 12.64 | 118.69% |
| 2018 | 5.78 | -47.88% |
| 2017 | 11.09 | 4.72% |
| 2016 | 10.59 | -15.35% |
| 2015 | 12.51 | 84.79% |
| 2014 | 6.77 | -60.62% |
TGNA's current P/E ratio is lower than the 3, 5 and 10-year averages.
TGNA's PE ratio is lower than its peer stock SCHL.
| Stock name | PE ratio | Market cap |
|---|---|---|
| TGNA Tegna Inc | 6.07 | $2.45B |
| SCHL Scholastic Corp | 23.85 | $1.02B |
| SSP EW SCRIPPS Co | N/A | $330.78M |
| LEE LEE ENTERPRISES Inc | N/A | $75.01M |
As of May 1, 2024, TGNA stock has a price to earnings ratio of 6.07.
Over the last 3 years, the average price to earnings ratio for TGNA stock is 7.4.
Over the last 5 years, the average price to earnings ratio for TGNA stock is 7.98.
Over the last ten years, the quarterly PE ratio reached a historic high of 27.2 in the Sep 2017 quarter.
TGNA's current price to earnings ratio is 36% below its 10-year historical average.
A company with a lower PE ratio may indicate that the market has lower growth expectations for the company's future earnings.
The PE ratio is calculated by taking the latest stock price and dividing it by the EPS for the last 12 months. As of today (May 1, 2024), Tegna's stock price is $13.89. The earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $2.29. Therefore, Tegna's P/E ratio for today is 6.07. PE RATIO(6.07) = STOCK PRICE($13.89) / TTM EPS($2.29)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.