Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Gray Media's Enterprise Value is $6,625 Mil.
Gray Media's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was $356 Mil. Therefore, Gray Media's EV-to-EBIT ratio for today is 18.61.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Gray Media's Enterprise Value is $6,625 Mil.
Gray Media's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was $622 Mil. Therefore, Gray Media's EV-to-EBITDA ratio for today is 10.65.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Gray Media's Enterprise Value is $6,625 Mil.
Gray Media's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was $3,081 Mil. Therefore, Gray Media's EV-to-Revenue ratio for today is 2.15.
EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Gray Media's Enterprise Value is $6,625 Mil.
Gray Media's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $46 Mil. Therefore, Gray Media's EV-to-FCF ratio for today is 144.02.
*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.
Gray Media (NYSE:GTN) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
Gray Media's current Enterprise Value is $6,625 Mil.
Gray Media's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $356 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Gray Media's current Enterprise Value is $6,625 Mil.
Gray Media's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $622 Mil.
Gray Media's current Enterprise Value is $6,625 Mil.
Gray Media's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $3,081 Mil.
Gray Media's current Enterprise Value is $6,625 Mil.
Gray Media's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $158 Mil.
Gray Media's current Enterprise Value is $6,625 Mil.
Gray Media's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $46 Mil.
* 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 Enterprise Value Related Terms
Gray Media Enterprise Value Historical Data
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The historical data trend for Gray Media's Enterprise Value 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: Enterprise Value Comparison
For the Broadcasting subindustry, Gray Media's Enterprise Value, along with its competitors' market caps and Enterprise Value 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 Enterprise Value vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Gray Media's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Gray Media's Enterprise Value falls into.
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
Gray Media's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as
* 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 (GTN) has a Enterprise Value of $6,625 Mil as of Jun. 29, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Gray Media and its competitors.
Is Gray Media's Enterprise Value too high?
Gray Media's current Enterprise Value is $6,625 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 Enterprise Value compare to CAST and FUBO?
Gray Media's Enterprise Value of $6,625 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 Enterprise Value for a Media - Diversified company?
A good Enterprise Value depends on the Media - Diversified industry context. However, Enterprise Value 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 Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Gray Media and its competitors. Gray Media's current Enterprise Value is $6,625 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 $4.19, compared to a current price of $3.80 — trading 9.3% below its estimated fair value. The current Enterprise Value is $6,625 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 Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For Gray Media (GTN), the current Enterprise Value is $6,625 Mil as of Jun. 29, 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 $3.80 is trading 9.3% below its estimated GF Value™ of $4.19.
GuruFocus considers Gray Media to be Fairly Valued.
Key valuation signals for GTN:
Enterprise Value: $6,625 Mil
GF Value™: $4.19 vs. price of $3.80 (9.3% 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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