Gray Media (STU:GCZB) Cyclically Adjusted PS Ratio: 0.38 (As of Jul. 18, 2026) — 68% Below Median

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STU:GCZB Gray Media Inc STU:GCZB
67 GF Score
Price €3.44
GF Value €3.56
Valuation Fairly Valued
! 8 Warning Signs
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What is Gray Media Cyclically Adjusted PS Ratio?

Gray Media STU:GCZB -2.82% 67 Cyclically Adjusted PS Ratio is 0.38 as of Jul. 18, 2026, which is 68% below its 10-year median of 1.20. GuruFocus rates STU:GCZB with a GF Score™ of 67/100 and a GF Value™ of €3.56 (Fairly Valued). The stock has 8 warning signs investors should review. Among 734 Media - Diversified companies, Gray Media ranks better than 79.29% on this metric.

As of today (2026-07-18), Gray Media's current share price is €3.44. Gray Media's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €8.97. Gray Media's Cyclically Adjusted PS Ratio for today is 0.38.

The historical rank and industry rank for Gray Media's Cyclically Adjusted PS Ratio or its related term are showing as below:

STU:GCZB' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.23   Med: 1.2   Max: 2.46
Current: 0.25

During the past years, Gray Media's highest Cyclically Adjusted PS Ratio was 2.46. The lowest was 0.23. And the median was 1.20.

STU:GCZB's Cyclically Adjusted PS Ratio is ranked better than
79.29% of 734 companies
in the Media - Diversified industry
Industry Median: 0.795 vs STU:GCZB: 0.25

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Gray Media's adjusted revenue per share data for the three months ended in Mar. 2026 was €6.849. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is €8.97 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Gray Media  (STU:GCZB) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Gray Media Cyclically Adjusted PS Ratio Related Terms


Gray Media Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Gray Media's Cyclically Adjusted PS Ratio 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.

Gray Media Cyclically Adjusted PS Ratio Chart

Gray Media Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.22 0.57 0.38 0.28 0.42

Gray Media Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.29 0.39 0.34 0.42 0.42

STU:GCZB vs CAST, FUBO, SSP: Cyclically Adjusted PS Ratio Comparison

For the Broadcasting subindustry, Gray Media's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio 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 Cyclically Adjusted PS Ratio vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Gray Media's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Gray Media's Cyclically Adjusted PS Ratio falls into.


STU:GCZB
67GF Score
Gray Media Inc STU:GCZB
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Gray Media Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Gray Media's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=3.44/8.97
=0.38

* 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.

Gray Media's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Gray Media's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=6.849/330.2130*330.2130
=6.849

Current CPI (Mar. 2026) = 330.2130.

Gray Media Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 2.406 241.018 3.296
201609 2.535 241.428 3.467
201612 3.091 241.432 4.228
201703 2.623 243.801 3.553
201706 2.783 244.955 3.752
201709 2.536 246.819 3.393
201712 2.517 246.524 3.371
201803 2.037 249.554 2.695
201806 2.432 251.989 3.187
201809 2.687 252.439 3.515
201812 3.239 251.233 4.257
201903 4.631 254.202 6.016
201906 4.451 256.143 5.738
201909 4.648 256.759 5.978
201912 5.211 256.974 6.696
202003 4.882 258.115 6.246
202006 4.129 257.797 5.289
202009 5.342 260.280 6.777
202012 6.712 260.474 8.509
202103 4.810 264.877 5.996
202106 4.779 271.696 5.808
202109 5.377 274.310 6.473
202112 6.511 278.802 7.712
202203 7.988 287.504 9.175
202206 8.735 296.311 9.734
202209 9.979 296.808 11.102
202212 10.881 296.797 12.106
202303 8.132 301.836 8.897
202306 8.069 305.109 8.733
202309 8.090 307.789 8.679
202312 8.612 306.746 9.271
202403 7.970 312.332 8.426
202406 7.993 314.175 8.401
202409 8.824 315.301 9.241
202412 10.396 315.605 10.877
202503 7.535 319.799 7.780
202506 6.900 322.561 7.064
202509 6.579 324.800 6.689
202512 6.764 324.054 6.893
202603 6.849 330.213 6.849

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PS Ratio of 0.38 mean?
Gray Media (STU:GCZB) has a Cyclically Adjusted PS Ratio of 0.38 as of Jul. 18, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Gray Media and its competitors. This is 68% below median its historical median of 1.20. Over the past decade, Gray Media's Cyclically Adjusted PS Ratio has ranged from 0.23 to 2.46. According to the industry distribution chart, Gray Media ranks #152 out of 734 companies in the Media - Diversified industry, placing it in the top 20.7%.
Is Gray Media's Cyclically Adjusted PS Ratio too high?
Gray Media's current Cyclically Adjusted PS Ratio of 0.38 is 68% below median its 10-year median of 1.20. Over the past 10 years, this metric has ranged from a low of 0.23 to a high of 2.46. The Media - Diversified industry median Cyclically Adjusted PS Ratio is 0.80. Gray Media's value of 0.38 is 52.2% below this industry median. Based on the distribution chart, Gray Media ranks #152 out of 734 companies in the Media - Diversified industry, which is in the top quartile — a strong position relative to peers. Overall, Gray Media has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Gray Media's Cyclically Adjusted PS Ratio compare to CAST and FUBO?
According to the Media - Diversified industry distribution chart, Gray Media ranks #152 out of 734 companies for Cyclically Adjusted PS Ratio. This places Gray Media in the top 21% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 0.80. Gray Media's value of 0.38 is 52.2% below this benchmark. Historically, Gray Media's own Cyclically Adjusted PS Ratio has ranged from 0.23 to 2.46 over the past decade. While the company's 10-year median is 1.20 vs. the industry median of 0.80, Gray Media has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for a Media - Diversified company?
The median Cyclically Adjusted PS Ratio among Media - Diversified companies is 0.80, based on 734 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Gray Media's current Cyclically Adjusted PS Ratio of 0.38 is 52.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Gray Media and its competitors. For the Media - Diversified industry, the median Cyclically Adjusted PS Ratio is 0.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gray Media's current Cyclically Adjusted PS Ratio is 0.38, which is 68% below median its own 10-year median of 1.20. 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 (STU:GCZB) is currently considered Fairly Valued. The stock's GF Value™ is €3.56, compared to a current price of €3.44 — trading 3.4% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.38, which is 68% below median its 10-year median of 1.20 and 52.2% below the Media - Diversified industry median of 0.80. Gray Media's overall GF Score™ is 67/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Gray Media (STU:GCZB), the current Cyclically Adjusted PS Ratio is 0.38 as of Jul. 18, 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 (STU:GCZB) Overvalued in 2026?

Based on GuruFocus' analysis, Gray Media stock appears to be undervalued. The current stock price of €3.44 is trading 3.4% below its estimated GF Value™ of €3.56. GuruFocus considers Gray Media to be Fairly Valued.

Key valuation signals for STU:GCZB:

  • Cyclically Adjusted PS Ratio: 0.38 (68% below median its 10-year median of 1.20)
  • GF Value™: €3.56 vs. price of €3.44 (3.4% below fair value)
  • GF Score™: 67/100 with 8 warning signs
  • Industry Position: 52.2% below the Media - Diversified median (#152 of 734)

No single metric tells the full story. See the STU:GCZB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Gray Media Business Description

Other Exchanges GTN.A:USAGTN:USA
Address 4370 Peachtree Road NE, Suite 400, Atlanta, GA, USA, 30319
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.
67GF Score

Get the complete analysis for STU:GCZB

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€3.44
Price
€3.56
GF Value