Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Gray Media's shares outstanding for the quarter that ended in Mar. 2026 was 103 Mil.
Gray Media's quarterly shares outstanding
increased
from Dec. 2025 (102 Mil) to Mar. 2026 (103 Mil).
It means Gray Mediaissued new shares from Dec. 2025 to Mar. 2026 .
Gray Media's annual shares outstanding
increased
from Dec. 2024 (100 Mil) to Dec. 2025 (102 Mil).
It means Gray Mediaissued new shares from Dec. 2024 to Dec. 2025 .
Gray Media (NYSE:GTN) Shares Outstanding (EOP) Explanation
A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.
Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.
Be Aware
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred net income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
Gray Media Shares Outstanding (EOP) Related Terms
Gray Media Shares Outstanding (EOP) Historical Data
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The historical data trend for Gray Media's Shares Outstanding (EOP) can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
GTN vs CAST, FUBO, SSP: Shares Outstanding (EOP) Comparison
For the Broadcasting subindustry, Gray Media's Shares Outstanding (EOP), along with its competitors' market caps and Shares Outstanding (EOP) data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Gray Media Shares Outstanding (EOP) vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Gray Media's Shares Outstanding (EOP) distribution charts can be found below:
* The bar in red indicates where Gray Media's Shares Outstanding (EOP) falls into.
Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.
Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.
What does a Shares Outstanding (EOP) of 103 Mil mean?
Gray Media (GTN) has a Shares Outstanding (EOP) of 103 Mil as of Mar. 2026. The total shares a company has outstanding, at period-end. View historical data on Gray Media and its competitors.
Is Gray Media's Shares Outstanding (EOP) too high?
Gray Media's current Shares Outstanding (EOP) is 103 Mil. Overall, Gray Media has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Gray Media's Shares Outstanding (EOP) compare to CAST and FUBO?
Gray Media's Shares Outstanding (EOP) of 103 Mil can be compared against companies in the Media - Diversified industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shares Outstanding (EOP) for a Media - Diversified company?
A good Shares Outstanding (EOP) depends on the Media - Diversified industry context. However, Shares Outstanding (EOP) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Shares Outstanding (EOP) mean?
A high Shares Outstanding (EOP) can signal that a stock is expensive relative to its fundamentals. The total shares a company has outstanding, at period-end. View historical data on Gray Media and its competitors. Gray Media's current Shares Outstanding (EOP) is 103 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gray Media stock overvalued right now?
Based on GuruFocus' analysis, Gray Media (GTN) is currently considered Fairly Valued. The stock's GF Value™ is $4.30, compared to a current price of $3.97 — trading 7.7% below its estimated fair value. The current Shares Outstanding (EOP) is 103 Mil. Gray Media's overall GF Score™ is 66/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (EOP) calculated?
Shares Outstanding (EOP) is calculated from a company's financial statements. For Gray Media (GTN), the current Shares Outstanding (EOP) is 103 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Gray Media (GTN) Overvalued in 2026?
Based on GuruFocus' analysis, Gray Media stock appears to be undervalued.
The current stock price of $3.97 is trading 7.7% below its estimated GF Value™ of $4.30.
GuruFocus considers Gray Media to be Fairly Valued.
Key valuation signals for GTN:
Shares Outstanding (EOP): 103 Mil
GF Value™: $4.30 vs. price of $3.97 (7.7% below fair value)
No single metric tells the full story. See the GTN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Gray Media Inc is a multimedia company. The company owns and operates local television stations and digital assets. It also owns Gray Digital Media, a full-service digital agency offering national and local clients digital marketing strategies with digital products and services. Its additional media properties include video production companies Raycom Sports, Tupelo Media Group, and PowerNation Studios, and studio production facilities Assembly Atlanta and Third Rail Studios. The company's segments include Broadcasting and Production Companies. The majority of revenue is derived from broadcast and digital advertising and from retransmission consent fees.
66GF Score
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Shares Outstanding (EOP) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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