GRAY MEDIA INC (GTN) Fundamental Analysis & Valuation
NYSE:GTN • US3893751061
5.25 USD
+0.07 (+1.35%)
At close: Mar 10, 2026
5.25 USD
0 (0%)
After Hours: 3/10/2026, 5:15:25 PM
This GTN fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
We assign a fundamental rating of 3 out of 10 to GTN. GTN was compared to 91 industry peers in the Media industry. GTN may be in some trouble as it scores bad on both profitability and health. GTN is valued correctly, but it does not seem to be growing. GTN also has an excellent dividend rating.
1. GTN Profitability Analysis
1.1 Basic Checks
- GTN had negative earnings in the past year.
- GTN had a positive operating cash flow in the past year.
- In multiple years GTN reported negative net income over the last 5 years.
- GTN had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- With a Return On Assets value of -1.31%, GTN perfoms like the industry average, outperforming 59.34% of the companies in the same industry.
- GTN has a Return On Equity of -4.88%. This is in the better half of the industry: GTN outperforms 60.44% of its industry peers.
- GTN has a better Return On Invested Capital (3.37%) than 61.54% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for GTN is below the industry average of 6.73%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.31% | ||
| ROE | -4.88% | ||
| ROIC | 3.37% |
ROA(3y)0.18%
ROA(5y)0.9%
ROE(3y)0.41%
ROE(5y)3.48%
ROIC(3y)4.37%
ROIC(5y)4.64%
1.3 Margins
- GTN has a Operating Margin of 14.18%. This is amongst the best in the industry. GTN outperforms 80.22% of its industry peers.
- In the last couple of years the Operating Margin of GTN has declined.
- GTN has a worse Gross Margin (24.59%) than 69.23% of its industry peers.
- GTN's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.18% | ||
| PM (TTM) | N/A | ||
| GM | 24.59% |
OM growth 3Y-21.16%
OM growth 5Y-16.99%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-14.26%
GM growth 5Y-11.33%
2. GTN Health Analysis
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), GTN is destroying value.
- GTN has more shares outstanding than it did 1 year ago.
- GTN has more shares outstanding than it did 5 years ago.
- Compared to 1 year ago, GTN has a worse debt to assets ratio.
2.2 Solvency
- GTN has an Altman-Z score of 0.66. This is a bad value and indicates that GTN is not financially healthy and even has some risk of bankruptcy.
- GTN has a Altman-Z score of 0.66. This is comparable to the rest of the industry: GTN outperforms 51.65% of its industry peers.
- GTN has a debt to FCF ratio of 31.73. This is a negative value and a sign of low solvency as GTN would need 31.73 years to pay back of all of its debts.
- GTN's Debt to FCF ratio of 31.73 is in line compared to the rest of the industry. GTN outperforms 54.95% of its industry peers.
- GTN has a Debt/Equity ratio of 2.05. This is a high value indicating a heavy dependency on external financing.
- The Debt to Equity ratio of GTN (2.05) is worse than 67.03% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.05 | ||
| Debt/FCF | 31.73 | ||
| Altman-Z | 0.66 |
ROIC/WACC0.55
WACC6.18%
2.3 Liquidity
- A Current Ratio of 1.27 indicates that GTN should not have too much problems paying its short term obligations.
- GTN has a Current ratio (1.27) which is in line with its industry peers.
- GTN has a Quick Ratio of 1.27. This is a normal value and indicates that GTN is financially healthy and should not expect problems in meeting its short term obligations.
- GTN's Quick ratio of 1.27 is in line compared to the rest of the industry. GTN outperforms 53.85% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.27 | ||
| Quick Ratio | 1.27 |
3. GTN Growth Analysis
3.1 Past
- The earnings per share for GTN have decreased strongly by -133.33% in the last year.
- GTN shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -15.07%.
- GTN shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.39% yearly.
EPS 1Y (TTM)-133.33%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-114.63%
Revenue 1Y (TTM)-15.07%
Revenue growth 3Y-5.57%
Revenue growth 5Y5.39%
Sales Q2Q%-24.21%
3.2 Future
- GTN is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 61.10% yearly.
- The Revenue is expected to grow by 0.25% on average over the next years.
EPS Next Y316.08%
EPS Next 2Y21.17%
EPS Next 3Y61.1%
EPS Next 5YN/A
Revenue Next Year12.75%
Revenue Next 2Y-0.35%
Revenue Next 3Y4.22%
Revenue Next 5Y0.25%
3.3 Evolution
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. GTN Valuation Analysis
4.1 Price/Earnings Ratio
- GTN reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
- With a Price/Forward Earnings ratio of 2.15, the valuation of GTN can be described as very cheap.
- Based on the Price/Forward Earnings ratio, GTN is valued cheaply inside the industry as 96.70% of the companies are valued more expensively.
- The average S&P500 Price/Forward Earnings ratio is at 24.65. GTN is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 2.15 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, GTN is valued a bit cheaper than the industry average as 70.33% of the companies are valued more expensively.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of GTN indicates a rather cheap valuation: GTN is cheaper than 93.41% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.01 | ||
| EV/EBITDA | 8.41 |
4.3 Compensation for Growth
- The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
- GTN's earnings are expected to grow with 61.10% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y21.17%
EPS Next 3Y61.1%
5. GTN Dividend Analysis
5.1 Amount
- With a Yearly Dividend Yield of 5.85%, GTN is a good candidate for dividend investing.
- Compared to an average industry Dividend Yield of 1.06, GTN pays a better dividend. On top of this GTN pays more dividend than 93.41% of the companies listed in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.82, GTN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.85% |
5.2 History
- The dividend of GTN is nicely growing with an annual growth rate of 9.60%!
- GTN has paid a dividend for at least 10 years, which is a reliable track record.
- GTN has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)9.6%
Div Incr Years0
Div Non Decr Years3
5.3 Sustainability
- GTN has negative earnings and hence a negative payout ratio. The dividend may be in danger.
- The dividend of GTN is growing, but earnings are growing more, so the dividend growth is sustainable.
DP-62.04%
EPS Next 2Y21.17%
EPS Next 3Y61.1%
GTN Fundamentals: All Metrics, Ratios and Statistics
5.25
+0.07 (+1.35%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupMedia & Entertainment
GICS IndustryMedia
Earnings (Last)02-26 2026-02-26/bmo
Earnings (Next)05-06 2026-05-06
Inst Owners85.88%
Inst Owner Change1.06%
Ins Owners6.85%
Ins Owner Change10.72%
Market Cap544.85M
Revenue(TTM)3.10B
Net Income(TTM)-137.00M
Analysts77.78
Price Target6.53 (24.38%)
Short Float %6.01%
Short Ratio3.72
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.85% |
Yearly Dividend0.84
Dividend Growth(5Y)9.6%
DP-62.04%
Div Incr Years0
Div Non Decr Years3
Ex-Date03-13 2026-03-13 (0.08)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)37.88%
Min EPS beat(2)26.32%
Max EPS beat(2)49.44%
EPS beat(4)3
Avg EPS beat(4)28.15%
Min EPS beat(4)-18.14%
Max EPS beat(4)55%
EPS beat(8)5
Avg EPS beat(8)68.71%
EPS beat(12)6
Avg EPS beat(12)25.03%
EPS beat(16)9
Avg EPS beat(16)19.91%
Revenue beat(2)1
Avg Revenue beat(2)0.03%
Min Revenue beat(2)-0.47%
Max Revenue beat(2)0.53%
Revenue beat(4)2
Avg Revenue beat(4)0%
Min Revenue beat(4)-0.47%
Max Revenue beat(4)0.53%
Revenue beat(8)2
Avg Revenue beat(8)-0.81%
Revenue beat(12)4
Avg Revenue beat(12)-0.49%
Revenue beat(16)7
Avg Revenue beat(16)-0.45%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)39.39%
EPS NQ rev (3m)77.01%
EPS NY rev (1m)8.41%
EPS NY rev (3m)-3.81%
Revenue NQ rev (1m)0.17%
Revenue NQ rev (3m)-1.21%
Revenue NY rev (1m)0.14%
Revenue NY rev (3m)-1.07%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 2.15 | ||
| P/S | 0.18 | ||
| P/FCF | 3.01 | ||
| P/OCF | 1.89 | ||
| P/B | 0.19 | ||
| P/tB | N/A | ||
| EV/EBITDA | 8.41 |
EPS(TTM)-1.13
EYN/A
EPS(NY)2.44
Fwd EY46.51%
FCF(TTM)1.74
FCFY33.22%
OCF(TTM)2.78
OCFY53.04%
SpS29.82
BVpS27.03
TBVpS-51.1
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.31% | ||
| ROE | -4.88% | ||
| ROCE | 4.42% | ||
| ROIC | 3.37% | ||
| ROICexc | 3.5% | ||
| ROICexgc | 23.11% | ||
| OM | 14.18% | ||
| PM (TTM) | N/A | ||
| GM | 24.59% | ||
| FCFM | 5.85% |
ROA(3y)0.18%
ROA(5y)0.9%
ROE(3y)0.41%
ROE(5y)3.48%
ROIC(3y)4.37%
ROIC(5y)4.64%
ROICexc(3y)4.45%
ROICexc(5y)4.7%
ROICexgc(3y)26.9%
ROICexgc(5y)27.2%
ROCE(3y)5.74%
ROCE(5y)6.09%
ROICexgc growth 3Y-16.38%
ROICexgc growth 5Y-16.01%
ROICexc growth 3Y-22.73%
ROICexc growth 5Y-18.72%
OM growth 3Y-21.16%
OM growth 5Y-16.99%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-14.26%
GM growth 5Y-11.33%
F-Score3
Asset Turnover0.3
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.05 | ||
| Debt/FCF | 31.73 | ||
| Debt/EBITDA | 8.17 | ||
| Cap/Depr | 40.91% | ||
| Cap/Sales | 3.49% | ||
| Interest Coverage | 1.12 | ||
| Cash Conversion | 41.11% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.27 | ||
| Quick Ratio | 1.27 | ||
| Altman-Z | 0.66 |
F-Score3
WACC6.18%
ROIC/WACC0.55
Cap/Depr(3y)60.54%
Cap/Depr(5y)75.02%
Cap/Sales(3y)6.01%
Cap/Sales(5y)7.69%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-133.33%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-114.63%
EPS Next Y316.08%
EPS Next 2Y21.17%
EPS Next 3Y61.1%
EPS Next 5YN/A
Revenue 1Y (TTM)-15.07%
Revenue growth 3Y-5.57%
Revenue growth 5Y5.39%
Sales Q2Q%-24.21%
Revenue Next Year12.75%
Revenue Next 2Y-0.35%
Revenue Next 3Y4.22%
Revenue Next 5Y0.25%
EBIT growth 1Y-49.6%
EBIT growth 3Y-25.55%
EBIT growth 5Y-12.51%
EBIT Next Year190.04%
EBIT Next 3Y42.74%
EBIT Next 5Y16.22%
FCF growth 1Y-70.23%
FCF growth 3Y-22.77%
FCF growth 5Y-19.7%
OCF growth 1Y-61.52%
OCF growth 3Y-29.62%
OCF growth 5Y-15.02%
GRAY MEDIA INC / GTN FAQ
What is the fundamental rating for GTN stock?
ChartMill assigns a fundamental rating of 3 / 10 to GTN.
What is the valuation status of GRAY MEDIA INC (GTN) stock?
ChartMill assigns a valuation rating of 6 / 10 to GRAY MEDIA INC (GTN). This can be considered as Fairly Valued.
What is the profitability of GTN stock?
GRAY MEDIA INC (GTN) has a profitability rating of 3 / 10.
How financially healthy is GRAY MEDIA INC?
The financial health rating of GRAY MEDIA INC (GTN) is 2 / 10.