The historical rank and industry rank for Nexstar Media Group's Price-to-Tangible-Book or its related term are showing as below:
NXST's Price-to-Tangible-Book is not ranked *
in the Media - Diversified industry.
Industry Median: 1.9 * Ranked among companies with meaningful Price-to-Tangible-Book only.
Nexstar Media Group Price-to-Tangible-Book Historical Data
The historical data trend for Nexstar Media Group's Price-to-Tangible-Book can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Nexstar Media Group's Price-to-Tangible-Book
For the Entertainment subindustry, Nexstar Media Group's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Nexstar Media Group's Price-to-Tangible-Book Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Nexstar Media Group's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Nexstar Media Group's Price-to-Tangible-Book falls into.
Nexstar Media Group Price-to-Tangible-Book Calculation
Nexstar Media Group's price-to-tangible-book ratio for today is calculated as:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
Nexstar Media Group Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Nexstar Media Group's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Nexstar Media Group (Nexstar Media Group) Business Description
Nexstar is the largest television station owner/operator in the United States, with 200 stations in 116 markets. Of its 200 full-power stations, 155 are affiliated with the four national broadcasters: CBS, Fox, NBC, and ABC. The 2019 merger with Tribune made Nexstar the top broadcast affiliate for both Fox and CBS as well as the number-two partner for NBC and number three for ABC. The firm has networks in 12 of the top 20 television markets and reaches over 68% of U.S. TV households. Nexstar also owns NewsNation (formerly WGN), a nationwide pay-television network, 75% of The CW, and a 31% stake in Food Network and Cooking Channel.
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