GTN logo

Gray Media, Inc.NYSE:GTN Stock Report

Market Cap US$590.3m
Share Price
US$5.72
My Fair Value
US$9.00
36.4% undervalued intrinsic discount
1Y19.2%
7D-0.5%
Portfolio Value
​
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Gray Media, Inc.

NYSE:GTN Stock Report

Market Cap: US$590.3m

Gray Media (GTN) Stock Overview

A multimedia company, owns and/or operates television stations and digital assets in the United States. More details

GTN fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance3/6
Financial Health0/6
Dividends4/6

Rewards

Trading at 51.9% below our estimate of its fair value

Earnings grew by 1544.4% over the past year

Trading at good value compared to peers and industry

Risk Analysis

Interest payments are not well covered by earnings

Earnings are forecast to decline by an average of 12% per year for the next 3 years

Large one-off items impacting financial results

Volatile share price over the past 3 months compared to the US market


GTN Community Fair Values

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See what 20 others think this stock is worth. Follow their fair value or set your own to get alerts.

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Key Takeaways Dual AI focus – Gaxos.ai builds AI-powered tools for game developers (via Unity integrations) and AI-driven health services under its RNK Health brand. First signs of commercial traction – After years of development, the company reported ~$24k in H1 2025 revenue, mainly from wellness pilot programs.
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US$2.21
FV
6.8% undervalued intrinsic discount
119.00%
Revenue growth p.a.
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7users have followed this narrative
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Gray Media

Local Digital Shifts Will Expand Media Reach Despite Risks

Key Takeaways Dominance in local markets, strategic M&A, and innovation in content and digital platforms are expected to drive outsized revenue growth and expanding margins. Underutilized spectrum assets and leadership in advanced distribution technologies provide strong optional upside for future high-margin, non-advertising revenue streams.
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US$9.00
FV
36.4% undervalued intrinsic discount
-3.47%
Revenue growth p.a.
0users have liked this narrative
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1users have followed this narrative
5 days ago author updated this narrative
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Gray Media

Falling Linear TV Audiences Will Erode Advertising Revenues

Key Takeaways Ongoing shifts to streaming and digital platforms are eroding traditional broadcast audiences and advertising revenue sources for Gray Media. Reliance on acquisitions and high capital spending increases financial risk, while political ad revenue becomes less predictable and more volatile.
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US$2.00
FV
186.0% overvalued intrinsic discount
-6.81%
Revenue growth p.a.
0users have liked this narrative
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0users have followed this narrative
4 days ago author updated this narrative
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Gray Media

Aggressive M&A Will Accelerate US Media Erosion

Key Takeaways Expectations for sustained earnings and margin expansion may be overly optimistic, given industry headwinds from digital disruption and possible M&A integration risks. Heavy reliance on political ad cycles, local market strength, and retranmission revenues could mask declining core ad growth and increase future revenue volatility.
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US$5.92
FV
3.3% undervalued intrinsic discount
-2.85%
Revenue growth p.a.
1users have liked this narrative
0users have commented on this narrative
7users have followed this narrative
6 days ago author updated this narrative
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Gray Media, Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Gray Media
Historical stock prices
Current Share PriceUS$5.72
52 Week HighUS$6.16
52 Week LowUS$2.91
Beta1.21
1 Month Change12.38%
3 Month Change49.35%
1 Year Change19.17%
3 Year Change-70.79%
5 Year Change-62.54%
Change since IPO-56.00%

Recent News & Updates

Gray Media (NYSE:GTN) Is Paying Out A Dividend Of $0.08

Aug 11
Gray Media (NYSE:GTN) Is Paying Out A Dividend Of $0.08

Recent updates

Gray Media (NYSE:GTN) Is Paying Out A Dividend Of $0.08

Aug 11
Gray Media (NYSE:GTN) Is Paying Out A Dividend Of $0.08

Should You Investigate Gray Media, Inc. (NYSE:GTN) At US$4.73?

Jul 31
Should You Investigate Gray Media, Inc. (NYSE:GTN) At US$4.73?

Gray Media: 2026 Shaping Up To Be A Massive Year

Jul 10

Gray Media, Inc. (NYSE:GTN) Stock Catapults 35% Though Its Price And Business Still Lag The Industry

Jul 05
Gray Media, Inc. (NYSE:GTN) Stock Catapults 35% Though Its Price And Business Still Lag The Industry

Gray Media's (NYSE:GTN) Earnings May Just Be The Starting Point

May 15
Gray Media's (NYSE:GTN) Earnings May Just Be The Starting Point

Gray Media, Inc. (NYSE:GTN) Held Back By Insufficient Growth Even After Shares Climb 29%

May 09
Gray Media, Inc. (NYSE:GTN) Held Back By Insufficient Growth Even After Shares Climb 29%

Gray Media: A Value Play On A Highly Anticipated 2026 Midterm Election Season

Apr 18

Gray Media, Inc.'s (NYSE:GTN) Share Price Boosted 25% But Its Business Prospects Need A Lift Too

Mar 19
Gray Media, Inc.'s (NYSE:GTN) Share Price Boosted 25% But Its Business Prospects Need A Lift Too

Gray Media: Free Cash Flow Potential, Reorganization Efforts In 2025, And Undervalued

Jan 29

Gray Television (NYSE:GTN) Use Of Debt Could Be Considered Risky

Dec 24
Gray Television (NYSE:GTN) Use Of Debt Could Be Considered Risky

Gray Television, Inc. (NYSE:GTN) Looks Inexpensive After Falling 25% But Perhaps Not Attractive Enough

Dec 04
Gray Television, Inc. (NYSE:GTN) Looks Inexpensive After Falling 25% But Perhaps Not Attractive Enough

Gray Television: Still A Value Trap

Nov 19

Gray Television (NYSE:GTN) Has Affirmed Its Dividend Of $0.08

Nov 12
Gray Television (NYSE:GTN) Has Affirmed Its Dividend Of $0.08

Gray Television: Dead Money (Rating Downgrade)

Nov 10

Improved Revenues Required Before Gray Television, Inc. (NYSE:GTN) Shares Find Their Feet

Oct 17
Improved Revenues Required Before Gray Television, Inc. (NYSE:GTN) Shares Find Their Feet
User avatar

Leveraging Local Content And Digital Expansion To Spur Revenue And Profit Growth

Gray's focus on local content and digital expansion efforts aims at revenue growth and viewer engagement, even amidst industry challenges.

Gray Television (NYSE:GTN) Seems To Be Using A Lot Of Debt

Sep 10
Gray Television (NYSE:GTN) Seems To Be Using A Lot Of Debt

Gray Television's (NYSE:GTN) Dividend Will Be $0.08

Aug 20
Gray Television's (NYSE:GTN) Dividend Will Be $0.08

Gray Television: Bumpy Ride But Thesis Intact

Aug 10

Is Now An Opportune Moment To Examine Gray Television, Inc. (NYSE:GTN)?

Aug 05
Is Now An Opportune Moment To Examine Gray Television, Inc. (NYSE:GTN)?

Estimating The Intrinsic Value Of Gray Television, Inc. (NYSE:GTN)

Jul 15
Estimating The Intrinsic Value Of Gray Television, Inc. (NYSE:GTN)

Taking A (Speculative) Position In Gray Television

Jul 10

Gray Television, Inc. (NYSE:GTN) Stock's 26% Dive Might Signal An Opportunity But It Requires Some Scrutiny

Jun 19
Gray Television, Inc. (NYSE:GTN) Stock's 26% Dive Might Signal An Opportunity But It Requires Some Scrutiny

Gray Television (NYSE:GTN) Use Of Debt Could Be Considered Risky

Jun 01
Gray Television (NYSE:GTN) Use Of Debt Could Be Considered Risky

Shareholder Returns

GTNUS MediaUS Market
7D-0.5%4.0%-0.8%
1Y19.2%-14.6%15.8%

Return vs Industry: GTN exceeded the US Media industry which returned -14.6% over the past year.

Return vs Market: GTN exceeded the US Market which returned 15.8% over the past year.

Price Volatility

Is GTN's price volatile compared to industry and market?
GTN volatility
GTN Average Weekly Movement11.0%
Media Industry Average Movement11.0%
Market Average Movement6.4%
10% most volatile stocks in US Market17.3%
10% least volatile stocks in US Market3.0%

Stable Share Price: GTN's share price has been volatile over the past 3 months compared to the US market.

Volatility Over Time: GTN's weekly volatility (11%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
18919,310Hilton Howellgray.tv

Gray Media, Inc., a multimedia company, owns and/or operates television stations and digital assets in the United States. The company operates through Broadcasting, Production Companies, and Other segments. It also owns Gray Digital Media, a digital agency that provides clients with digital marketing strategies; and operates video production companies and studio production facilities.

Gray Media, Inc. Fundamentals Summary

How do Gray Media's earnings and revenue compare to its market cap?
GTN fundamental statistics
Market capUS$590.32m
Earnings (TTM)US$148.00m
Revenue (TTM)US$3.55b
3.7x
P/E Ratio
0.2x
P/S Ratio

Is GTN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
GTN income statement (TTM)
RevenueUS$3.55b
Cost of RevenueUS$2.40b
Gross ProfitUS$1.15b
Other ExpensesUS$1.00b
EarningsUS$148.00m

Last Reported Earnings

Jun 30, 2025

Next Earnings Date

n/a

Earnings per share (EPS)1.53
Gross Margin32.46%
Net Profit Margin4.17%
Debt/Equity Ratio198.6%

How did GTN perform over the long term?

See historical performance and comparison

Dividends

5.6%
Current Dividend Yield
21%
Payout Ratio

Does GTN pay a reliable dividends?

See GTN dividend history and benchmarks
When do you need to buy GTN by to receive an upcoming dividend?
Gray Media dividend dates
Ex Dividend DateSep 15 2025
Dividend Pay DateSep 30 2025
Days until Ex dividend26 days
Days until Dividend pay date41 days

Does GTN pay a reliable dividends?

See GTN dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/08/19 03:54
End of Day Share Price 2025/08/19 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Gray Media, Inc. is covered by 15 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
James GossBarrington Research Associates, Inc.
Patrick ShollBarrington Research Associates, Inc.
Daniel KurnosBenchmark Company