GRAY MEDIA INC (GTN) Fundamental Analysis & Valuation
NYSE:GTN • US3893751061
5.32 USD
+0.09 (+1.72%)
Last: Mar 4, 2026, 10:24 AM
This GTN fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
Taking everything into account, GTN scores 3 out of 10 in our fundamental rating. GTN was compared to 91 industry peers in the Media industry. Both the profitability and financial health of GTN have multiple concerns. 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.
1. GTN Profitability Analysis
1.1 Basic Checks
- In the past year GTN has reported negative net income.
- 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.
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.
- Looking at the Return On Invested Capital, with a value of 3.37%, GTN is in the better half of the industry, outperforming 61.54% of the companies in the same industry.
- The Average Return On Invested Capital over the past 3 years for GTN is below the industry average of 7.00%.
| 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
- Looking at the Operating Margin, with a value of 14.18%, GTN belongs to the top of the industry, outperforming 80.22% of the companies in the same industry.
- In the last couple of years the Operating Margin of GTN has declined.
- GTN has a worse Gross Margin (24.59%) than 68.13% of its industry peers.
- In the last couple of years the Gross Margin of GTN has declined.
| 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
- 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.
- Compared to 5 years ago, GTN has more shares outstanding
- GTN has a worse debt/assets ratio than last year.
2.2 Solvency
- Based on the Altman-Z score of 0.66, we must say that GTN is in the distress zone and has some risk of bankruptcy.
- GTN has a Altman-Z score (0.66) which is comparable to the rest of the industry.
- 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.
- Looking at the Debt to FCF ratio, with a value of 31.73, GTN is in line with its industry, outperforming 54.95% of the companies in the same industry.
- A Debt/Equity ratio of 2.05 is on the high side and indicates that GTN has dependencies on debt financing.
- With a Debt to Equity ratio value of 2.05, GTN is not doing good in the industry: 67.03% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.05 | ||
| Debt/FCF | 31.73 | ||
| Altman-Z | 0.66 |
ROIC/WACC0.56
WACC5.99%
2.3 Liquidity
- GTN has a Current 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.
- Looking at the Current ratio, with a value of 1.27, GTN is in line with its industry, outperforming 51.65% of the companies in the same industry.
- 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 has a Quick ratio of 1.27. This is comparable 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.
- The Revenue for GTN has decreased by -15.07% in the past year. This is quite bad
- 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
- 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.
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 2.18, 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.
- When comparing the Price/Forward Earnings ratio of GTN to the average of the S&P500 Index (24.95), we can say GTN is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 2.18 |
4.2 Price Multiples
- GTN's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. GTN is cheaper than 69.23% of the companies in the same industry.
- Based on the Price/Free Cash Flow ratio, GTN is valued cheaply inside the industry as 92.31% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.05 | ||
| EV/EBITDA | 8.42 |
4.3 Compensation for Growth
- GTN's 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
- GTN has a Yearly Dividend Yield of 6.12%, which is a nice return.
- Compared to an average industry Dividend Yield of 1.07, 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 | 6.12% |
5.2 History
- On average, the dividend of GTN grows each year by 9.60%, which is quite nice.
- 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.
- 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 Fundamentals: All Metrics, Ratios and Statistics
NYSE:GTN (3/4/2026, 10:24:45 AM)
5.32
+0.09 (+1.72%)
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 Owners85.51%
Inst Owner Change1.06%
Ins Owners5.74%
Ins Owner Change24.66%
Market Cap552.11M
Revenue(TTM)3.10B
Net Income(TTM)-137.00M
Analysts77.78
Price Target6.53 (22.74%)
Short Float %6.01%
Short Ratio3.72
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.12% |
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)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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 2.18 | ||
| P/S | 0.18 | ||
| P/FCF | 3.05 | ||
| P/OCF | 1.91 | ||
| P/B | 0.2 | ||
| P/tB | N/A | ||
| EV/EBITDA | 8.42 |
EPS(TTM)-1.13
EYN/A
EPS(NY)2.44
Fwd EY45.9%
FCF(TTM)1.74
FCFY32.78%
OCF(TTM)2.78
OCFY52.34%
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
WACC5.99%
ROIC/WACC0.56
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.