Is TEGNA, Inc. overvalued or undervalued?

As of 24 October 2025, TEGNA, Inc. has moved from expensive to attractive, indicating a significant shift in its valuation perspective. The company is currently undervalued, supported by a P/E ratio of 9, a PEG ratio of 0.42, and an EV/EBITDA ratio of 7.71, all of which suggest that the stock is trading below its intrinsic value compared to its earnings growth potential.
In comparison to its peers, TEGNA's P/E ratio is lower than Nexstar Media Group, Inc. at 12.56 and Sirius XM Holdings, Inc. at 6.62, highlighting its relative attractiveness in the media and entertainment sector. Additionally, TEGNA's return over the past year stands at 23.43%, outperforming the S&P 500's return of 16.90%, which reinforces the notion that the stock may be undervalued given its strong performance relative to the broader market.