NXST Historical PE Ratio Notes

— Nexstar Media Group (ticker: NXST) is the largest local television station operator in the United States, owning, operating, programming, or providing sales and other services to more than 200 television stations across the country. The company's core business revolves around generating advertising and retransmission revenues through its stations, as well as operating complementary digital media properties. Because Nexstar's earnings are significantly tied to television advertising, its profitability (and thus its earnings per share) tends to fluctuate with the election cycle and advertising demand, both locally & nationally. This cyclicality impacts the company's historical price-to-earnings (PE) ratio, as investors tend to anticipate spikes in earnings during political years and moderate growth in others. It’s important, when reviewing historical PE ratio charts for NXST, to consider how the business's exposure to political ad spending & retransmission contract renewals can lead to sharp changes in earnings. These factors often result in a lower PE ratio in strong earnings years, as the E (earnings) temporarily surges, while in off-cycle years, the PE ratio may appear higher due to temporarily subdued earnings even if the share price remains stable.

On this page we presented the NXST Historical PE Ratio information for Nexstar Media Gr' stock. The average NXST historical PE based on using the annualized quarterly earnings result at each measurement period (for the "E" in the PE calculation; and the closing price on earnings date as the "P") is 22.9. Meanwhile, using the trailing twelve month (TTM) quarterly earnings result as our method of calculation the "E" value at each measurement period, the average NXST historical PE based on this TTM earnings result method is 23.7. Note: any PE calculations involving negative earnings were discarded as not meaningful.

Let's now compare this NXST historical PE result, against the recent PE: when this page was posted on 8/6/2026, the most recent closing price for NXST had been 187.97, and the most recent quarterly earnings result, annualized, was 14.44. Meanwhile, the most recent TTM earnings summed to 17.77. From these numbers, we calculate the recent NXST PE on 8/6/2026 based on annualized quarterly EPS was 13.0. Based on NXST's history, that recent PE is low relative to the historical average, with the recent PE 43.2% lower than the historical average PE across our data set for Nexstar Media Gr. Looking at the recent NXST PE on 8/6/2026 based on TTM EPS, we calculate the ratio at 10.6. Based on NXST's history, that recent PE is low relative to the historical average, with the recent PE 55.3% lower than the average PE across our Nexstar Media Gr data set with TTM EPS used in the calculation at each period.

Another interesting NXST historical PE Ratio calculation we look at is to take the median earnings per share of the last four quarters for NXST, and then annualize the resulting value... with that annualized number then being used in the PE calculation. To walk through this math for NXST, we start with the past four EPS numbers and we first sort them from lowest to highest: 2.14, 3.61, 5.09, and 6.93. We then toss out the highest and lowest result, and then take the average of those two middle numbers — 3.61 and 5.09 — which gives us the median of 4.35. Basically the way to think about this 4.35 number is this: for the trailing four earnings reports, 4.35 marks the "middle ground" number where NXST has reported a value higher than 4.35 half the time, and has reported a value lower than 4.35 half the time. Annualizing that median value then gets us to 17.4/share, which we use as the denominator in our next PE calculation. With 187.97 as the numerator (as of 8/6/2026), the calculation is then 187.97 / 17.4 = 10.8 as the NXST PE ratio as of 8/6/2026, based on that annualized median value we calculated.

For self directed investors doing their due diligence on NXST or any other given stock, valuation analysis for NXST can greatly benefit from studying the past earnings and resulting PE calculations. This exercise can help inform an analysis as to whether the past earnings trajectory and current versus historical PE ratios justify the current stock value.

That's why we bring you HistoricalPERatio.com to make it easy for investors to investigate Nexstar Media Gr PE history or the past PE information for any stock in our coverage universe. And in your continued research we hope you will be sure to check out the further links included for earnings surprises history (beat/miss data) as well as next earnings dates for NXST. Thanks for visiting, and the next time you need to research NXST Historical PE Ratio or the ratio for another stock, we hope you'll think of our site, as your go-to historical PE ratio research resource of choice.