Graham Holdings Company

Graham Holdings Company

GHCยทNYSE

$1.10K

-0.87%
Consumer DefensiveEducation & Training Services

Graham Holdings Company, through its subsidiaries, operates as a diversified education and media company worldwide. It provides test preparation services and materials; data science and training services; professional training and exam preparation for professional certifications and licensures; and non-academic operations support services to the Purdue University Global. The company also offers training, test preparation, and degrees for accounting and financial services professionals; English-language training, academic preparation programs, and test preparation for English proficiency exams; and A-level examination preparation services, as well as operates three colleges, a business school, a higher education institution, and an online learning institution. In addition, it owns and operates seven television stations; and provides social media management tools to connect newsrooms with their users, as well as produces Foreign Policy magazine and ForeignPolicy.com website. Further, the company publishes Slate, an online magazine; and two French-language news magazine websites at slate.fr and slateafrique.com. Additionally, it provides social media marketing solutions; home health and hospice services; burners, igniters, dampers, and controls; screw jacks, linear actuators and related linear motion products, and lifting systems; pressure impregnated kiln-dried lumber and plywood products; cybersecurity training solutions; digital advertising services; and power charging and data systems, industrial and commercial indoor lighting solutions, and electrical components and assemblies. The company also owns and operates 11 restaurants and entertainment venues; and engages in automobile dealerships business. The company was formerly known as The Washington Post Company and changed its name to Graham Holdings Company in November 2013. Graham Holdings Company was founded in 1877 and is based in Arlington, Virginia.

At a Glance

Live Snapshot
Market Cap$4.77B
EPS67.1100
P/E Ratio16.40
Earnings Date07/29/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal ยท Driver ยท Risk

Signal

High confidence

Valuation multiple is mid-range (P/E 16.4).

Valuation inputs: P/E 16.4, earnings yield +6.1%, momentum -0.9%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE +6.1%, ROIC +2.3%).

Profitability stack: net margin +5.9%, ROE +6.1%, ROIC +2.3%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Risk profile is balanced but has notable pressure points to monitor.

Risk factors: liabilities/assets +42.0%, momentum -0.9%, net margin +5.9%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

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Graham Holdings Company Market vs Earnings Trajectory

GHC ยท NYSE

Loading price and EPS data...

Graham Holdings Company

Graham Holdings Company Fair Value Envelope

GHC ยท NYSE

Our analysis suggests that GHC has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $1100.47, this represents a potential HIDDEN relative to our calculated worth for Graham Holdings Company.

Intrinsic Value
Current Price: $1100.47
3Y+385.0%
5Y+15.0%
10Y+124.0%
3Y+25.0%
5Y+70.0%
10Y+98.0%
3Y+336.0%
5Y-3.0%
10Y+73.0%
3Y+44.0%
5Y+61.0%
10Y+30.0%
3Y+75.0%
5Y+90.0%
10Y+38.0%
3Y+28.0%
5Y+30.0%
10Y+89.0%
Graham Holdings Company

Graham Holdings Company Profit Bridge

GHC ยท NYSE
Revenue4.91B
Cost of Goods Sold (3.55B)
Gross Profit1.36B
Operating Expenses (1.11B)
Operating Income251.81M
Interest Expense (119.08M)
Other Income/Expense197.85M
Pretax Income449.67M
Income Tax (146.40M)
Net Income292.29M
Net Income
292.29M

Profitability Analysis

Gross Margin

27.6%

Moderate margins typical of competitive industries. Monitor for pricing pressure or rising costs.

Operating Margin

5.1%

Acceptable margins but limited operational leverage. Operating expense control is important.

Net Profit Margin

6.0%

Moderate profitability with room for improvement. Monitor interest expenses and tax efficiency.

Effective Tax Rate

32.6%

Higher tax burden may reflect limited tax optimization or operations in high-tax jurisdictions.

Profitability Insight

Room for improvement: Moderate profitability with opportunities to enhance margins through better cost management or pricing strategy.

27.64%
Gross Profit Margin
-10%
3Y-14.0%
5Y-18.0%
10Y-43.0%
5.13%
Operating Profit Margin
14%
3Y+140.0%
5Y+48.0%
10Y-43.0%
5.95%
Net Profit Margin
-61%
3Y+248.0%
5Y-43.0%
10Y-12.0%
6.10%
Return on Equity
-64%
3Y+239.0%
5Y-24.0%
10Y-11.0%
3.48%
Return on Assets
-63%
3Y+240.0%
5Y-25.0%
10Y-8.0%
2.34%
Return on Invested Capital
-1%
3Y+171.0%
5Y+77.0%
10Y-44.0%
GHC

Graham Holdings Company Cash Conversion Engine

GHC ยท NYSE
Net Income292.29M
Depreciation & Amortization184.49M
Stock-Based Compensation5.72M
Change in Working Capital24.15M
Others-259.59M
Capital Expenditures-71.88M
Free Cash Flow267.66M

Cash Flow Quality Analysis

FCF Conversion Rate

91.6%

Strong cash conversion. Most reported earnings translate into actual cash flow, suggesting solid fundamentals.

CapEx Intensity

21.2%

Moderate capital requirements typical of many stable businesses. Healthy balance between reinvestment and cash generation.

FCF Growth Trend

-17.4%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

+$24.15M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

Cash Flow Quality Insight

Asset-light with strong cash conversion: Low capital requirements combined with efficient cash generation creates significant shareholder value through dividends, buybacks, or strategic investments.

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Graham Holdings Company Funding & Solvency Profile

GHC ยท NYSE
Cash & Cash Equivalents135.68M
Net Receivables520.48M
Inventory306.89M
Other Current Assets273.20M
Total Current Assets2 B
Property, Plant & Equipment963.51M
Goodwill & Intangible Assets1.77B
Long-Term Investments237.05M
Other Non-Current Assets2.99B
Total Non-Current Assets4 B
Total Assets
8.18B

Financial Health Analysis

Current Ratio

1.79x

Strong liquidity. The company has adequate resources to meet short-term liabilities.

Debt-to-Equity Ratio

0.71x

Balanced capital structure with moderate leverage. Equity exceeds debt, suggesting healthy financial stability.

Working Capital

977 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

27% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Financial Health Insight

Strong financial foundation: Excellent liquidity combined with conservative leverage suggests the company is well-positioned to weather economic uncertainties and fund growth opportunities.

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Graham Holdings Company Street Expectations Map

GHC ยท NYSE

No Target Data

No analyst price targets available for ghc.

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Graham Holdings Company Insider Positioning

GHC ยท NYSE

During the last 12 months, insiders have sold $7K worth of GHC shares, with no buying activity reported.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

6-9 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

9-12 Months

Bought

0

0.00

Sold

7

6.60K

Net Activity

-7K

-$7K

Top Buyers

No buying activity

Top Sellers

1
AT

Allen Tony

Director

7 sharesโ€ข1 transactions

$7K

Insider Activity Analysis

Net Insider Sentiment

Bearish

Strong bearish signal with $7K net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.

Buy/Sell Ratio

0.00:1

Very poor ratio. Heavy selling with minimal buying suggests insiders may be concerned about valuation or outlook.

Insider Participation

High Selling

1 insider sellers vs. 0 buyers. Widespread selling across multiple insiders may signal concerns.

0.18%
Dividend Yield
9%
3Y-36.0%
5Y-34.0%
10Y-29.0%
ย 

ghc Dividend History

GHC
10Y CAGR +5%
Latest $1.88
Annual $9.24
5 year growth trend
Last Period: +0%