GRAY MEDIA INC (GTN) Fundamental Analysis & Valuation

NYSE:GTN • US3893751061

5.42 USD
-0.05 (-0.91%)
Last: Mar 6, 2026, 11:48 AM
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This GTN fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

3

GTN gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 91 industry peers in the Media industry. GTN has a bad profitability rating. Also its financial health evaluation is rather negative. GTN has a valuation in line with the averages, but it does not seem to be growing. Finally GTN also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

3

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.
  • The reported net income has been mixed in the past 5 years: GTN reported negative net income in multiple years.
  • GTN had a positive operating cash flow in each of the past 5 years.
GTN Yearly Net Income VS EBIT VS OCF VS FCFGTN Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M 400M 600M 800M

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.
  • Looking at the Return On Equity, with a value of -4.88%, GTN is in the better half of the industry, outperforming 60.44% of the companies in the same industry.
  • GTN's Return On Invested Capital of 3.37% is fine compared to the rest of the industry. GTN outperforms 62.64% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for GTN is below the industry average of 6.87%.
Industry RankSector 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%
GTN Yearly ROA, ROE, ROICGTN Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 20

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.
  • GTN's Operating Margin has declined in the last couple of years.
  • The Gross Margin of GTN (24.59%) is worse than 69.23% of its industry peers.
  • In the last couple of years the Gross Margin of GTN has declined.
Industry RankSector 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%
GTN Yearly Profit, Operating, Gross MarginsGTN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 20 30 40

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ROAROEROICOperating and Profit MarginShow most profitable peers

2

2. GTN Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so GTN is destroying value.
  • The number of shares outstanding for GTN has been increased compared to 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.
GTN Yearly Shares OutstandingGTN Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M 100M
GTN Yearly Total Debt VS Total AssetsGTN Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

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 (0.66) which is in line with its industry peers.
  • The Debt to FCF ratio of GTN is 31.73, which is on the high side as it means it would take GTN, 31.73 years of fcf income to pay off 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.
  • A Debt/Equity ratio of 2.05 is on the high side and indicates that GTN has dependencies on debt financing.
  • GTN's Debt to Equity ratio of 2.05 is on the low side compared to the rest of the industry. GTN is outperformed by 67.03% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.05
Debt/FCF 31.73
Altman-Z 0.66
ROIC/WACC0.54
WACC6.22%
GTN Yearly LT Debt VS Equity VS FCFGTN Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

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.
  • A Quick Ratio of 1.27 indicates that GTN should not have too much problems paying its short term obligations.
  • With a Quick ratio value of 1.27, GTN perfoms like the industry average, outperforming 53.85% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.27
Quick Ratio 1.27
GTN Yearly Current Assets VS Current LiabilitesGTN Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. GTN Growth Analysis

3.1 Past

  • GTN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -133.33%.
  • Looking at the last year, GTN shows a very negative growth in Revenue. The Revenue has decreased by -15.07% in the last year.
  • Measured over the past years, GTN shows a small growth in Revenue. The Revenue has been growing by 5.39% on average per year.
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

  • The Earnings Per Share is expected to grow by 61.10% on average over the next years. This is a very strong growth
  • Based on estimates for the next years, GTN will show a small growth in Revenue. The Revenue will grow by 0.25% on average per year.
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.
GTN Yearly Revenue VS EstimatesGTN Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 1B 2B 3B
GTN Yearly EPS VS EstimatesGTN Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 1 -1 2 3 4

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6

4. GTN Valuation Analysis

4.1 Price/Earnings Ratio

  • GTN reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
  • A Price/Forward Earnings ratio of 2.22 indicates a rather cheap valuation of GTN.
  • GTN's Price/Forward Earnings ratio is rather cheap when compared to the industry. GTN is cheaper than 96.70% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 24.79, GTN is valued rather cheaply.
Industry RankSector Rank
PE N/A
Fwd PE 2.22
GTN Price Earnings VS Forward Price EarningsGTN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 20 30

4.2 Price Multiples

  • GTN's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. GTN is cheaper than 70.33% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, GTN is valued cheaply inside the industry as 93.41% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 3.11
EV/EBITDA 8.45
GTN Per share dataGTN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 -20 -40

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%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

7

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 1.07, GTN pays a better dividend. On top of this GTN pays more dividend than 92.31% 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 RankSector 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 been paying a dividend for at least 10 years, so it has 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
GTN Yearly Dividends per shareGTN Yearly Dividends per shareYearly Dividends per share 2021 2022 2023 2024 2025 2026 0.1 0.2 0.3

5.3 Sustainability

  • GTN has negative earnings and hence a negative payout ratio. The dividend may be in danger.
  • GTN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP-62.04%
EPS Next 2Y21.17%
EPS Next 3Y61.1%
GTN Yearly Income VS Free CF VS DividendGTN Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M 400M 600M

More info and screens

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GTN Fundamentals: All Metrics, Ratios and Statistics

GRAY MEDIA INC

NYSE:GTN (3/6/2026, 11:48:50 AM)

5.42

-0.05 (-0.91%)

Chartmill FA Rating
GICS IndustryGroupMedia & Entertainment
GICS IndustryMedia
Earnings (Last)02-26
Earnings (Next)05-06
Inst Owners85.51%
Inst Owner Change1.06%
Ins Owners5.74%
Ins Owner Change24.66%
Market Cap562.49M
Revenue(TTM)3.10B
Net Income(TTM)-137.00M
Analysts77.78
Price Target6.53 (20.48%)
Short Float %6.01%
Short Ratio3.72
Dividend
Industry RankSector 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
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)7.86%
EPS NQ rev (3m)-61.25%
EPS NY rev (1m)2.52%
EPS NY rev (3m)-14.25%
Revenue NQ rev (1m)-0.66%
Revenue NQ rev (3m)-2.48%
Revenue NY rev (1m)0.03%
Revenue NY rev (3m)-0.45%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 2.22
P/S 0.18
P/FCF 3.11
P/OCF 1.95
P/B 0.2
P/tB N/A
EV/EBITDA 8.45
EPS(TTM)-1.13
EYN/A
EPS(NY)2.44
Fwd EY45.05%
FCF(TTM)1.74
FCFY32.18%
OCF(TTM)2.78
OCFY51.38%
SpS29.82
BVpS27.03
TBVpS-51.1
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector 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 RankSector 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
WACC6.22%
ROIC/WACC0.54
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.