Digital Shift Will Fail To Offset Eroding Broadcast Audiences

AN

AnalystConsensusTarget

Not Invested

Based on Analyst Price Targets

Published

10 Sep 24

Updated

17 Mar 26

Views

212

17 Mar

US$20.03

AnalystConsensusTarget's Fair Value

US$22.00

9.0% undervalued

1Y

6.7%

7D

-0.9%

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1Y

6.7%

7D

-0.9%

You can edit this narrative until Mar 18 2:10 PM. Then, changes will post as Updates.

Author's Valuation

US$229.0% undervalued

AnalystConsensusTarget Fair Value

Shared on 17 Mar 26

TGNA: Maintained Fair Value Will Face Antitrust And Profitability Uncertainty

Analysts have maintained their $22.00 price target for TEGNA, citing relatively unchanged fair value assumptions, only minor adjustments to the discount rate and revenue growth, a modestly higher projected profit margin, and a slightly lower future P/E as the key supporting factors. Analyst Commentary Analysts are using TEGNA’s maintained US$22.00 price target as a reference point to weigh upside against execution and valuation risks, especially in light of updated assumptions around growth, margins, discount rates, and future P/E levels.

0 views

Shared on 03 Mar 26

Fair value Increased 3.13%

TGNA: Lower Discount Rate And Margin Assumptions Will Shape Future Returns

Analysts have raised their price target for TEGNA to $22.00 from $21.33, citing updated assumptions around revenue growth, higher profit margins and a lower discount rate that together imply a reduced future P/E multiple. Analyst Commentary Bullish Takeaways Bullish analysts see the higher price target as consistent with stronger underlying assumptions for revenue and margins, which they view as supportive of TEGNA trading closer to its implied P/E level.

0 views

Shared on 27 Aug 25

Fair value Increased 2.81%

Analysts raised TEGNA's price target to $21.33, citing strong regulatory prospects and significant synergy benefits from Nexstar’s $22-per-share acquisition offer, which meaningfully enhances scale and political ad exposure. Analyst Commentary The Nexstar acquisition of Tegna at $22 per share in cash is viewed as highly favorable, driven by a supportive regulatory environment.

8 views

Shared on 30 Apr 25

Fair value Increased 1.37%

2 views

Shared on 23 Apr 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

3 views

Shared on 17 Apr 25

Fair value Decreased 1.16%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

0 views

Shared on 09 Apr 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

1 view

Shared on 02 Apr 25

Fair value Decreased 1.57%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

0 views

Shared on 26 Mar 25

Fair value Increased 3.14%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

0 views

Shared on 19 Mar 25

Fair value Decreased 2.30%

0 views

Shared on 11 Mar 25

Fair value Increased 1.36%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

0 views

Valuator

Company Info

Notes

AnalystConsensusTarget Fair Value

US$22

9.0% undervalued

Future estimation in

Revenue

Profit Margin

Future PE

Growth p.a.

%

Decrease

Increase

Forecast revenue growth rate

2.48%

Historical revenue growth rate

-1.18%

Media revenue growth rate

0.12%

Risk Level (Discount Rate)

Our default considers factors like the company's size, volatility, profitablity and country of operation.

%

0

Decrease

Increase

Current discount rate

7.89%

Calculation

US$539.00m

Earnings '29

x

8.46x

PE Ratio '29

=

US$4.56b

Market Cap '29

US$4.56b

Market Cap '29

/

165.51m

No. shares '29

=

US$27.56

Share Price '29

US$27.56 Share Price '29

Discounted to 2026 @ 7.92% p.a.

=

US$21.93

Fair Value '26