Decoding SIRI's High P/E TTM Ratio: Bargain Buy or Overpriced Risk?

SiriusXM (SIRI) is navigating a critical transition phase as it emerges as a fully independent public company following its separation from Liberty Media. While the company aims to reach ambitious targets of 50 million subscribers and $1.8 billion in free cash flow, current market conditions and valuation metrics suggest investors might want to exercise caution. The company's trailing 12-month P/E ratio of 16.52X, significantly above the Zacks Broadcast Radio and Television industry average of -181.32X, rai ...