Gray Television (NYSE:GTN) Use Of Debt Could Be Considered Risky
Jun 01
U.S. Broadcasting Industry Analysis
UpdatedJun 02, 2024
DataAggregated Company Financials
Companies18
- 7D2.4%
- 3M11.8%
- 1Y-5.2%
- YTDn/a
Over the last 7 days, the Broadcasting industry has risen 2.4%, driven by gains from Fox of 2.4%. In the past year, the industry is down 5.3%. Looking forward, earnings are forecast to grow by 17% annually.
Industry Valuation and Performance
Has the U.S. Broadcasting Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 02 Jun 2024 | US$33.8b | US$62.0b | US$738.0m | 8.1x | 45.7x | 0.5x |
| Tue, 30 Apr 2024 | US$32.2b | US$62.3b | -US$819,797,138.00 | 10.4x | -39.2x | 0.5x |
| Thu, 28 Mar 2024 | US$32.5b | US$62.3b | -US$819,441,138.00 | 10.8x | -39.7x | 0.5x |
| Sat, 24 Feb 2024 | US$32.7b | US$66.8b | -US$29,285,138.00 | 9.5x | -1116.8x | 0.5x |
| Mon, 22 Jan 2024 | US$36.3b | US$67.6b | -US$132,206,883.00 | 12.3x | -274.6x | 0.5x |
| Wed, 20 Dec 2023 | US$37.0b | US$67.6b | -US$74,326,883.00 | 12.3x | -498.2x | 0.5x |
| Fri, 17 Nov 2023 | US$34.3b | US$67.6b | -US$108,353,883.00 | 10.6x | -316.1x | 0.5x |
| Sun, 15 Oct 2023 | US$33.1b | US$69.2b | US$394.3m | 7x | 84x | 0.5x |
| Tue, 12 Sep 2023 | US$35.3b | US$69.2b | US$394.3m | 6.7x | 89.6x | 0.5x |
| Thu, 10 Aug 2023 | US$41.0b | US$70.7b | US$407.7m | 8.3x | 100.6x | 0.6x |
| Sat, 08 Jul 2023 | US$41.3b | US$71.1b | US$2.2b | 7.8x | 18.9x | 0.6x |
| Mon, 05 Jun 2023 | US$39.4b | US$71.1b | US$2.2b | 6.8x | 18x | 0.6x |
| Wed, 03 May 2023 | US$46.9b | US$71.1b | US$6.8b | 9.1x | 6.9x | 0.7x |
| Fri, 31 Mar 2023 | US$47.2b | US$75.0b | US$6.6b | 6.4x | 7.2x | 0.6x |
| Sun, 26 Feb 2023 | US$52.3b | US$74.1b | US$6.4b | 9.3x | 8.1x | 0.7x |
| Tue, 24 Jan 2023 | US$49.7b | US$74.1b | US$8.4b | 6.3x | 5.9x | 0.7x |
| Thu, 22 Dec 2022 | US$44.5b | US$74.1b | US$8.4b | 5.7x | 5.3x | 0.6x |
| Sat, 19 Nov 2022 | US$46.6b | US$74.1b | US$8.4b | 5.9x | 5.5x | 0.6x |
| Mon, 17 Oct 2022 | US$47.5b | US$73.8b | US$9.1b | 8.1x | 5.2x | 0.6x |
| Wed, 14 Sep 2022 | US$55.9b | US$73.8b | US$9.1b | 8.9x | 6.1x | 0.8x |
| Fri, 12 Aug 2022 | US$58.6b | US$73.8b | US$9.1b | 8.9x | 6.4x | 0.8x |
| Sun, 10 Jul 2022 | US$54.1b | US$72.6b | US$9.2b | 7.6x | 5.9x | 0.7x |
| Tue, 07 Jun 2022 | US$60.4b | US$72.6b | US$9.2b | 8x | 6.6x | 0.8x |
| Thu, 05 May 2022 | US$76.5b | US$77.5b | US$7.8b | 13.6x | 9.8x | 1x |
| Sat, 02 Apr 2022 | US$85.5b | US$77.5b | US$8.3b | 11.7x | 10.3x | 1.1x |
| Mon, 28 Feb 2022 | US$83.5b | US$77.6b | US$8.5b | 11.1x | 9.9x | 1.1x |
| Wed, 26 Jan 2022 | US$81.5b | US$75.8b | US$7.9b | 8.4x | 10.3x | 1.1x |
| Fri, 24 Dec 2021 | US$77.2b | US$75.8b | US$7.9b | 8.2x | 9.8x | 1x |
| Sun, 21 Nov 2021 | US$82.7b | US$75.8b | US$7.9b | 8.9x | 10.5x | 1.1x |
| Tue, 19 Oct 2021 | US$86.3b | US$73.4b | US$8.6b | 10.7x | 10.1x | 1.2x |
| Thu, 16 Sep 2021 | US$86.7b | US$73.4b | US$8.5b | 9.7x | 10.2x | 1.2x |
| Sat, 14 Aug 2021 | US$85.9b | US$73.4b | US$8.5b | 9.6x | 10.1x | 1.2x |
| Wed, 09 Jun 2021 | US$92.4b | US$70.3b | US$7.0b | 10.6x | 13.3x | 1.3x |
Price to Earnings Ratio
13.3x
Current Industry PE
- Investors are optimistic on the American Broadcasting industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 45.4x which is higher than its 3-year average PE of -28.2x.
- The industry is trading close to its 3-year average PS ratio of 0.76x.
Past Earnings Growth
- The earnings for companies in the Broadcasting industry have declined 53% per year over the last three years,
- Revenues have also declined 4.1% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Comparison
How does U.S. Broadcasting compare with similar industries?
| US Market | -0.62% | |
| Telecom | -0.58% | |
| Media | 2.23% | |
| Broadcasting | 2.37% | |
| Cable and Satellite | 4.25% | |
| Publishing | 1.40% | |
| Advertising | -2.10% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| FOXA Fox | US$34.43 | 2.4% +US$382.7m | 8.0% | PE10.3x | |
| NXST Nexstar Media Group | US$165.69 | 4.7% +US$244.3m | 5.1% | PE13.3x | |
| SBGI Sinclair | US$14.20 | 15.3% +US$124.4m | -4.3% | PS0.3x | |
| TGNA TEGNA | US$14.91 | 4.0% +US$96.7m | -8.4% | PE4.5x | |
| GTN Gray Television | US$6.24 | 10.6% +US$57.1m | -17.7% | PS0.2x |
