GTN Share Price | Gray Television, Inc. Stock Analysis & Recommendation

Q: Is Gray Television, Inc. overvalued or undervalued?

As of 29 July 2024, Gray Television, Inc. has moved from expensive to very attractive, indicating a significant improvement in its valuation outlook. The company is currently undervalued, with a P/E ratio of 2, a price to book value of 0.18, and an EV to EBITDA of 5.38, all suggesting that the stock is trading at a substantial discount compared to its intrinsic value. In comparison to its peers, Gray Television's P/E ratio is notably lower than Sinclair, Inc. at 6.25 and The E.W. Scripps Co. at 1.58, reinforcing its undervaluation. Despite recent stock performance showing a decline over the past week and month, with returns of -6.13% and -4.84% respectively, the year-to-date return of 74.92% significantly outpaces the S&P 500's 12.22%, highlighting the potential for recovery and growth in the long term.

Q: Is Gray Television, Inc. technically bullish or bearish?

As of 12 August 2025, the technical trend for Gray Television, Inc. has changed from mildly bullish to bullish. The weekly MACD is bullish, and daily moving averages also indicate a bullish stance. However, the Dow Theory shows a mildly bearish signal on the weekly timeframe. The overall strength of the bullish trend is supported by the KST being bullish on the weekly and mildly bullish on the monthly, along with mildly bullish signals from the Bollinger Bands and OBV.In terms of performance, the stock has underperformed the S&P 500 over the past week and month, with returns of -6.13% and -4.84% respectively, while year-to-date, it has significantly outperformed the benchmark with a return of 74.92% compared to 12.22%. Overall, the current technical stance is bullish, albeit with some mixed signals indicating caution.

Q: What does Gray Television, Inc. do?

Overview:Gray Television, Inc. is a television broadcast company operating in the Media & Entertainment industry, classified as a micro-cap company.Financial Snapshot:- Most recent Net Sales: 782 Million (Quarterly Results - Mar 2025)- Most recent Net Profit: -9 Million (Quarterly Results - Mar 2025)- Market-cap: USD 554.77 Million (Micro Cap)Key Metrics:- P/E: 2.00- Debt Equity: 1.86- Return on Equity: 9.30%- Price to Book: 0.19Contact Details:- Address: 4370 Peachtree Rd NE, ATLANTA GA 30319-3054- Tel: 1 404 2668333- Fax: 1 404 2619607- Website: https://gray.tv/

Q: Who are in the management team of Gray Television, Inc.?

As of March 2022, the management team of Gray Television, Inc. includes:- Mr. Hilton Howell, who serves as the Executive Chairman of the Board and Chief Executive Officer.- Mr. Donald LaPlatney, who is the President, Co-Chief Executive Officer, and a Director.- Mr. Howell Newton, who holds the position of Lead Independent Director.- Mrs. Robin Howell, who is a Director.- Mr. Richard Boger, who is an Independent Director.- Mr. T. L. Elder, who is also an Independent Director.- Mr. Luis Garcia, who serves as an Independent Director.This team is responsible for guiding the company's strategic direction and overseeing its operations.

Price Point

High/Low

1Day

52 Week

Valuation

Technical

Day's Volume

CASH

1.62 M

Shareholding (Mar 2026)

FII

7.23%

Held by 89 FIIs

DII

92.51%

Held by 45 DIIs

Promoter

0.27%

Is Gray Television, Inc. overvalued or undervalued?

20-Sep-2025

As of July 29, 2024, Gray Television, Inc. is considered undervalued with a P/E ratio of 2 and a price-to-book value of 0.18, significantly lower than its peers, indicating strong potential for recovery despite recent declines.

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Is Gray Television, Inc. technically bullish or bearish?

20-Sep-2025

As of August 12, 2025, Gray Television, Inc. shows a bullish technical trend supported by positive MACD and moving averages, despite mixed signals from Dow Theory and recent underperformance against the S&P 500, while year-to-date returns remain strong at 74.92%.

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How big is Gray Television, Inc.?

22-Jun-2025

As of Jun 18, Gray Television, Inc. has a market capitalization of 554.77 million, with net sales of 3,603.00 million and a net profit of 278.00 million over the latest four quarters. The balance sheet shows shareholder's funds of 2,933.00 million and total assets of 10,676.00 million.

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What does Gray Television, Inc. do?

22-Jun-2025

Gray Television, Inc. is a micro-cap television broadcast company in the Media & Entertainment industry, with recent net sales of $782 million and a net profit of -$9 million. It has a market cap of $554.77 million and key metrics include a P/E ratio of 2.00 and a debt-to-equity ratio of 1.86.

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Who are in the management team of Gray Television, Inc.?

22-Jun-2025

As of March 2022, Gray Television, Inc.'s management team includes Executive Chairman and CEO Hilton Howell, President and Co-CEO Donald LaPlatney, Lead Independent Director Howell Newton, and several Independent Directors: Robin Howell, Richard Boger, T. L. Elder, and Luis Garcia. They oversee the company's strategic direction and operations.

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Compare Gray Television, Inc. with Similar Stocks

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Score

Click here to find our call on this stock

Strong Sell

Sell

Hold

Buy

Strong Buy

Dashboard

Low ability to service debt as the company has a high Debt to EBITDA ratio of 5.75 times

Low ability to service debt as the company has a high Debt to EBITDA ratio of 5.75 times
The company has been able to generate a Return on Capital Employed (avg) of 8.96% signifying low profitability per unit of total capital (equity and debt)

Weak Long Term Fundamental Strength with an average Return on Capital Employed (ROCE) of 8.96%

With a fall in Net Sales of -6.54%, the company declared Very Negative results in Jun 25

Mojo Parameters

Stock DNA

Industry

Media & Entertainment

Market cap

USD 680 Million (Micro Cap)

P/E

NA (Loss Making)

Industry P/E

Dividend Yield

0.00%

Debt Equity

1.92

Return on Equity

-0.89%

Price to Book

0.24

Revenue and Profits:

Net Sales:

768 Million

(Quarterly Results - Mar 2026)

Net Profit:

-20 Million

Total Returns

Total Returns (Price + Dividend)

TimePeriod

Price Return

Dividend Return

Total Return

3 Months

-14.45%

6 Months

-24.2%

1 Year

-8.23%

2 Years

-21.53%

3 Years

-49.2%

4 Years

-78.96%

5 Years

-83.02%

Gray Television, Inc. for the last several years.

Risk Adjusted Returns v/s

News & Corporate Actions

News

No Recent News for the Company

Announcements

No announcement available

Corporate Actions

No corporate action available

Key Factors

Quality key factors

Factor

Value

Sales Growth (5y)

5.39%

EBIT Growth (5y)

-10.73%

EBIT to Interest (avg)

2.27

Debt to EBITDA (avg)

5.75

Net Debt to Equity (avg)

1.86

Sales to Capital Employed (avg)

0.39

Tax Ratio

20.34%

Dividend Payout Ratio

Pledged Shares

Institutional Holding

100.00%

ROCE (avg)

8.96%

ROE (avg)

10.17%

Valuation key factors

Factor

Value

P/E Ratio

NA (Loss Making)

Industry P/E

Price to Book Value

0.24

EV to EBIT

14.76

EV to EBITDA

9.36

EV to Capital Employed

0.74

EV to Sales

1.96

PEG Ratio

Dividend Yield

ROCE (Latest)

5.02%

ROE (Latest)

-0.89%

Technicals key factors

Indicator

Weekly

Monthly

MACD

Bullish

Mildly Bullish

RSI

No Signal

Bollinger Bands

Bullish

Moving Averages

Mildly Bearish (Daily)

KST

Bullish

Dow Theory

Mildly Bullish

Mildly Bearish

OBV

Mildly Bullish

Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned

Shareholding

Shareholding Snapshot : Mar 2026

Shareholding Compare (%holding)

Majority shareholders

Domestic Funds

Held in 56 Schemes (35.16%)

Foreign Institutions

Held by 89 Foreign Institutions (7.23%)

Strategic Entities with highest holding

Highest Public shareholder

Financial

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  {
    "link": "quarterly",
    "btn_text": "All Quarterly Results",
    "header": "Quarterly Results Snapshot (Consolidated) - Mar'26 - YoY",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in quarter ended Mar 2026 is -1.79% vs -4.98% in Mar 2025",
        "dir": 1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in quarter ended Mar 2026 is -122.22% vs -110.23% in Mar 2025",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Mar'26",
        "Mar'25",
        "Change(%)"
      ],
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          "val1": "768.00",
          "val2": "782.00",
          "chgp": "-1.79%",
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        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "152.00",
          "val2": "153.00",
          "chgp": "-0.65%",
          "chgp_class": "negative"
        },
        {
          "field": "Interest",
          "val1": "117.00",
          "val2": "118.00",
          "chgp": "-0.85%",
          "chgp_class": "positive"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "1.00",
          "chgp": "-100.00%",
          "chgp_class": "negative"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "-20.00",
          "val2": "-9.00",
          "chgp": "-122.22%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "105.50%",
          "val2": "115.10%",
          "chgp": "-0.96%",
          "chgp_class": "negative"
        }
      ]
    }
  },
  {
    "link": "annual",
    "btn_text": "All Annual Results",
    "header": "Annual Results Snapshot (Consolidated) - Dec'25",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in year ended Dec 2025 is -15.07% vs 11.06% in Dec 2024",
        "dir": -1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in year ended Dec 2025 is -122.67% vs 593.42% in Dec 2024",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Dec'25",
        "Dec'24",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "3,095.00",
          "val2": "3,644.00",
          "chgp": "-15.07%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "648.00",
          "val2": "1,140.00",
          "chgp": "-43.16%",
          "chgp_class": "negative"
        },
        {
          "field": "Interest",
          "val1": "474.00",
          "val2": "485.00",
          "chgp": "-2.27%",
          "chgp_class": "positive"
        },
        {
          "field": "Exceptional Items",
          "val1": "-60.00",
          "val2": "9.00",
          "chgp": "-766.67%",
          "chgp_class": "negative"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "-85.00",
          "val2": "375.00",
          "chgp": "-122.67%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "132.80%",
          "val2": "239.00%",
          "chgp": "-10.62%",
          "chgp_class": "negative"
        }
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    }
  }
]

Quarterly Results Snapshot (Consolidated) - Mar'26 - YoY

Mar'26

Mar'25

Change(%)

Net Sales

768.00

782.00

-1.79%

Operating Profit (PBDIT) excl Other Income

152.00

153.00

-0.65%

Interest

117.00

118.00

-0.85%

Exceptional Items

0.00

1.00

-100.00%

Consolidate Net Profit

-20.00

-9.00

-122.22%

Operating Profit Margin (Excl OI)

105.50%

115.10%

-0.96%

USD in Million.

Compare with Peers

Net Sales

YoY Growth in quarter ended Mar 2026 is -1.79% vs -4.98% in Mar 2025

Consolidated Net Profit

YoY Growth in quarter ended Mar 2026 is -122.22% vs -110.23% in Mar 2025

All Quarterly Results

Annual Results Snapshot (Consolidated) - Dec'25

Dec'25

Dec'24

Change(%)

Net Sales

3,095.00

3,644.00

-15.07%

Operating Profit (PBDIT) excl Other Income

648.00

1,140.00

-43.16%

Interest

474.00

485.00

-2.27%

Exceptional Items

-60.00

9.00

-766.67%

Consolidate Net Profit

-85.00

375.00

-122.67%

Operating Profit Margin (Excl OI)

132.80%

239.00%

-10.62%

USD in Million.

Compare with Peers

Net Sales

YoY Growth in year ended Dec 2025 is -15.07% vs 11.06% in Dec 2024

Consolidated Net Profit

YoY Growth in year ended Dec 2025 is -122.67% vs 593.42% in Dec 2024

All Annual Results

Company CV

About Gray Television, Inc.

Gray Television, Inc.

Media & Entertainment

Gray Television, Inc. is a television broadcast company. The Company owns and operates television stations and digital assets in various markets across the United States. The Company owns stations and digital properties in 91 TV markets including 150 affiliates of NBC Network (NBC), affiliates of the ABC Network (ABC) and affiliates of the FOX Network (FOX). In addition to a primary broadcast channel, each of its stations can also broadcast additional secondary digital channels within a market by utilizing the same bandwidth, but with different programming from the primary channel.

Company Coordinates

Company Details

4370 Peachtree Rd NE , ATLANTA GA : 30319-3054

Tel: 1 404 2668333

https://gray.tv/

Registrar Details