Gray Media, Inc.

Gray Media, Inc.

GTNยทNYSE

$3.85

-5.4%
Communication ServicesBroadcasting

Gray Media, Inc., a television broadcasting company, owns and/or operates television stations and digital assets in the United States. It also broadcasts secondary digital channels affiliated to ABC, CBS, NBC, and FOX, as well as various other networks and program services, including CW Plus Network, MY Network, the MeTV Network, Justice, This TV Network, Antenna TV, Telemundo, Cozi, Heroes and Icons, and MOVIES! Network; and local news/weather channels in various markets. In addition, the company offers video program production services. It owns and operates television stations and digital assets that serve 113 television markets in the United States. The company was formerly known as Gray Communications Systems, Inc. and changed its name to Gray Television, Inc. in August 2002. Gray Television, Inc. was founded in 1891 and is headquartered in Atlanta, Georgia.

At a Glance

Live Snapshot
Market Cap$395.54M
EPS-0.8800
P/E Ratio-4.38
Earnings Date08/14/2026
Gray Media, Inc.

Gray Media, Inc. Fair Value Envelope

GTN ยท NYSE

Our analysis suggests that GTN has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $3.85, this represents a potential HIDDEN relative to our calculated worth for Gray Media, Inc..

Intrinsic Value
Current Price: $3.85

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$232.5M
+ Cash & Equivalents$368.0M
Firm Value$600.5M
- Debt$5.8B
Equity Value-$5.2B
/ Shares Outstanding92,500,245B
DCF Value-$56
OVERVALUED BY 1564%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$144.5M
$72.3M
$36.1M
$18.1M
$9.0M
$4.5M
$2.3M
$1.1M
$564.5K
$282.2K
Maintenance CapEx
-$10.8M
-$5.4M
-$2.7M
-$1.4M
-$675.0K
-$337.5K
-$168.8K
-$84.4K
-$42.2K
-$21.1K
Owner Earnings
$133.7M
$66.9M
$33.4M
$16.7M
$8.4M
$4.2M
$2.1M
$1.0M
$522.3K
$261.1K
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$123.8M
$57.3M
$26.5M
$12.3M
$5.7M
$2.6M
$1.2M
$564.3K
$261.3K
$121.0K
Terminal Value represents 0.9% of Enterprise Value