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Gray MediaSTU:GCZB +1.62%62 Debt-to-Equity is 2.10 as of Mar. 2026, which is 0% above its 10-year median of 2.09. GuruFocus rates STU:GCZB with a GF Score™ of 62/100 and a GF Value™ of €4.97. The stock has 8 warning signs investors should review. Among 834 Media - Diversified companies, Gray Media ranks worse than 89.09% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Gray Media's Debt-to-Equity or its related term are showing as below:
STU:GCZB'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 2.09 Max: 3.83
Current: 2.1
During the past 13 years, the highest Debt-to-Equity Ratio of Gray Media was 3.83. The lowest was 0.05. And the median was 2.09.
STU:GCZB's Debt-to-Equity is ranked worse than 89.09% of 834
companies
in the Media - Diversified industry
Industry Median: 0.25
vs STU:GCZB: 2.10
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Gray Media Debt-to-Equity Related Terms
Gray Media Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Gray Media's Debt-to-Equity 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.
STU:GCZB vs IHRT, SSP, FUBO: Debt-to-Equity Comparison
For the Broadcasting subindustry, Gray Media's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Gray Media's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Gray Media's Debt-to-Equity falls into.
* 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 (STU:GCZB) has a Debt-to-Equity of 2.10 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Gray Media and its competitors. This is near median its historical median of 2.09. Over the past decade, Gray Media's Debt-to-Equity has ranged from 0.05 to 3.83. According to the industry distribution chart, Gray Media ranks #743 out of 834 companies in the Media - Diversified industry, placing it in the top 89.1%.
Is Gray Media's Debt-to-Equity too high?
Gray Media's current Debt-to-Equity of 2.10 is near median its 10-year median of 2.09. Over the past 10 years, this metric has ranged from a low of 0.05 to a high of 3.83. The Media - Diversified industry median Debt-to-Equity is 0.25. Gray Media's value of 2.10 is 740% above this industry median. Based on the distribution chart, Gray Media ranks #743 out of 834 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers. Overall, Gray Media has a GF Score™ of 62/100, reflecting its overall financial health beyond just this single metric.
How does Gray Media's Debt-to-Equity compare to IHRT and SSP?
According to the Media - Diversified industry distribution chart, Gray Media ranks #743 out of 834 companies for Debt-to-Equity. This places Gray Media in the lower half of its industry. The industry median Debt-to-Equity is 0.25. Gray Media's value of 2.10 is 740% above this benchmark. Historically, Gray Media's own Debt-to-Equity has ranged from 0.05 to 3.83 over the past decade. While the company's 10-year median is 2.09 vs. the industry median of 0.25, Gray Media has consistently been above 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 Debt-to-Equity for a Media - Diversified company?
The median Debt-to-Equity among Media - Diversified companies is 0.25, based on 834 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Gray Media's current Debt-to-Equity of 2.10 is 740% above 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 Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Gray Media and its competitors. For the Media - Diversified industry, the median Debt-to-Equity is 0.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gray Media's current Debt-to-Equity is 2.10, which is near median its own 10-year median of 2.09. 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?
Gray Media (STU:GCZB) has a current Debt-to-Equity of 2.10. The stock's GF Value™ is €4.97, compared to a current price of €3.76 — trading 24.3% below its estimated fair value. The current Debt-to-Equity is 2.10, which is near median its 10-year median of 2.09 and 740% above the Media - Diversified industry median of 0.25. Gray Media's overall GF Score™ is 62/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Gray Media (STU:GCZB), the current Debt-to-Equity is 2.10 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 (STU:GCZB) Overvalued in 2026?
Based on GuruFocus' analysis, Gray Media stock appears to be undervalued.
The current stock price of €3.76 is trading 24.3% below its estimated GF Value™ of €4.97.
Key valuation signals for STU:GCZB:
Debt-to-Equity: 2.10 (near median its 10-year median of 2.09)
GF Value™: €4.97 vs. price of €3.76 (24.3% below fair value)
Industry Position: 740% above the Media - Diversified median (#743 of 834)
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 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.
62GF Score
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