(GTN) Gray Television - Ratings and Ratios
Television, Digital, Broadcasting, Production, Marketing
Dividends
| Dividend Yield | 8.71% |
| Yield on Cost 5y | 2.53% |
| Yield CAGR 5y | 0.00% |
| Payout Consistency | 50.7% |
| Payout Ratio | 1.6% |
| Risk via 10d forecast | |
|---|---|
| Volatility | 64.4% |
| Value at Risk 5%th | 91.2% |
| Relative Tail Risk | -13.97% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.46 |
| Alpha | -3.76 |
| CAGR/Max DD | -0.30 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.566 |
| Beta | 1.257 |
| Beta Downside | 1.395 |
| Drawdowns 3y | |
|---|---|
| Max DD | 76.50% |
| Mean DD | 50.85% |
| Median DD | 54.79% |
Description: GTN Gray Television October 24, 2025
Gray Media, Inc. (NYSE: GTN) is a U.S. multimedia company that owns and operates a portfolio of television stations and digital assets. The business is organized into Broadcasting, Production Companies, and Other segments, and includes Gray Digital Media, a full-service digital marketing agency, as well as video-production and studio facilities. The firm rebranded from Gray Television, Inc. to Gray Media, Inc. in January 2025 and traces its roots back to 1891, with headquarters in Atlanta, Georgia.
Key operating metrics (FY 2024): revenue of roughly $2.2 billion, adjusted EBITDA margin near 18 %, and a network of about 150 stations that reach roughly 70 % of U.S. television households. The company’s digital arm contributed approximately 12 % of total revenue, reflecting a modest but growing shift toward program-related digital advertising.
Sector drivers that materially affect GTN include the health of local advertising spend-historically tied to regional economic activity-and the ongoing “cord-cutting” trend, which pushes broadcasters to monetize over-the-air inventory via streaming and addressable ads. Additionally, macro-level recession risk could compress ad rates, while the rollout of ATSC 3.0 standards offers a pathway to higher-margin, data-rich advertising solutions.
For a deeper quantitative view, you may want to explore ValueRay’s detailed financial models for GTN.
Piotroski VR‑10 (Strict, 0-10) 4.5
| Net Income (94.0m TTM) > 0 and > 6% of Revenue (6% = 200.9m TTM) |
| FCFTA 0.04 (>2.0%) and ΔFCFTA 1.41pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -1.02% (prev 1.96%; Δ -2.98pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.05 (>3.0%) and CFO 545.0m > Net Income 94.0m (YES >=105%, WARN >=100%) |
| Net Debt (6.24b) to EBITDA (852.0m) ratio: 7.33 <= 3.0 (WARN <= 3.5) |
| Current Ratio 0.93 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (97.0m) change vs 12m ago 0.0% (target <= -2.0% for YES) |
| Gross Margin 45.43% (prev 30.49%; Δ 14.94pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 31.96% (prev 32.57%; Δ -0.62pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 1.27 (EBITDA TTM 852.0m / Interest Expense TTM 477.0m) >= 6 (WARN >= 3) |
Altman Z'' 1.10
| (A) -0.00 = (Total Current Assets 485.0m - Total Current Liabilities 519.0m) / Total Assets 10.32b |
| (B) 0.12 = Retained Earnings (Balance) 1.24b / Total Assets 10.32b |
| (C) 0.06 = EBIT TTM 606.0m / Avg Total Assets 10.48b |
| (D) 0.33 = Book Value of Equity 2.48b / Total Liabilities 7.51b |
| Total Rating: 1.10 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 53.86
| 1. Piotroski 4.50pt |
| 2. FCF Yield 6.50% |
| 3. FCF Margin 13.14% |
| 4. Debt/Equity 2.29 |
| 5. Debt/Ebitda 7.33 |
| 6. ROIC - WACC (= 1.35)% |
| 7. RoE 3.28% |
| 8. Rev. Trend -5.09% |
| 9. EPS Trend -31.71% |
What is the price of GTN shares?
Over the past week, the price has changed by -2.96%, over one month by -4.77%, over three months by -25.06% and over the past year by +20.30%.
Is GTN a buy, sell or hold?
- Strong Buy: 3
- Buy: 0
- Hold: 2
- Sell: 0
- Strong Sell: 1
What are the forecasts/targets for the GTN price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 6.4 | 39.4% |
| Analysts Target Price | 6.4 | 39.4% |
| ValueRay Target Price | 4.4 | -4.8% |
GTN Fundamental Data Overview November 26, 2025
P/E Trailing = 10.9302
P/E Forward = 1.8861
P/S = 0.1572
P/B = 0.2195
P/EG = 0.1134
Beta = 0.919
Revenue TTM = 3.35b USD
EBIT TTM = 606.0m USD
EBITDA TTM = 852.0m USD
Long Term Debt = 5.61b USD (from longTermDebt, last quarter)
Short Term Debt = 12.0m USD (from shortTermDebt, last quarter)
Debt = 6.42b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 6.24b USD (from netDebt column, last quarter)
Enterprise Value = 6.77b USD (526.1m + Debt 6.42b - CCE 182.0m)
Interest Coverage Ratio = 1.27 (Ebit TTM 606.0m / Interest Expense TTM 477.0m)
FCF Yield = 6.50% (FCF TTM 440.0m / Enterprise Value 6.77b)
FCF Margin = 13.14% (FCF TTM 440.0m / Revenue TTM 3.35b)
Net Margin = 2.81% (Net Income TTM 94.0m / Revenue TTM 3.35b)
Gross Margin = 45.43% ((Revenue TTM 3.35b - Cost of Revenue TTM 1.83b) / Revenue TTM)
Gross Margin QoQ = 96.93% (prev 24.48%)
Tobins Q-Ratio = 0.66 (Enterprise Value 6.77b / Total Assets 10.32b)
Interest Expense / Debt = 1.87% (Interest Expense 120.0m / Debt 6.42b)
Taxrate = 64.29% (-18.0m / -28.0m)
NOPAT = 216.4m (EBIT 606.0m * (1 - 64.29%))
Current Ratio = 0.93 (Total Current Assets 485.0m / Total Current Liabilities 519.0m)
Debt / Equity = 2.29 (Debt 6.42b / totalStockholderEquity, last quarter 2.81b)
Debt / EBITDA = 7.33 (Net Debt 6.24b / EBITDA 852.0m)
Debt / FCF = 14.19 (Net Debt 6.24b / FCF TTM 440.0m)
Total Stockholder Equity = 2.87b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.91% (Net Income 94.0m / Total Assets 10.32b)
RoE = 3.28% (Net Income TTM 94.0m / Total Stockholder Equity 2.87b)
RoCE = 7.15% (EBIT 606.0m / Capital Employed (Equity 2.87b + L.T.Debt 5.61b))
RoIC = 2.77% (NOPAT 216.4m / Invested Capital 7.81b)
WACC = 1.42% (E(526.1m)/V(6.95b) * Re(10.65%) + D(6.42b)/V(6.95b) * Rd(1.87%) * (1-Tc(0.64)))
Discount Rate = 10.65% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 2.13%
[DCF Debug] Terminal Value 73.44% ; FCFE base≈385.2m ; Y1≈475.2m ; Y5≈810.8m
Fair Price DCF = 96.88 (DCF Value 8.96b / Shares Outstanding 92.5m; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: -31.71 | EPS CAGR: -12.74% | SUE: 0.54 | # QB: 0
Revenue Correlation: -5.09 | Revenue CAGR: 1.02% | SUE: 0.45 | # QB: 0
EPS next Quarter (2026-03-31): EPS=-0.23 | Chg30d=-0.025 | Revisions Net=+0 | Analysts=2
EPS next Year (2026-12-31): EPS=3.02 | Chg30d=+0.000 | Revisions Net=-1 | Growth EPS=+459.5% | Growth Revenue=+13.4%
Additional Sources for GTN Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle