Gray Media (FRA:GCZA) ROCE %: 3.62% (As of Mar. 2026)

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FRA:GCZA Gray Media Inc FRA:GCZA
68 GF Score
Price €5.60
GF Value €6.38
Valuation Modestly Undervalued
! 8 Warning Signs
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What is Gray Media ROCE %?

Gray Media FRA:GCZA -0.88% 68 ROCE % is 3.62% as of Mar. 2026. GuruFocus rates FRA:GCZA with a GF Score™ of 68/100 and a GF Value™ of €6.38 (Modestly Undervalued). The stock has 8 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Gray Media's annualized ROCE % for the quarter that ended in Mar. 2026 was 3.62%.

Gray Media  (FRA:GCZA) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Gray Media ROCE % Related Terms

Gray Media ROCE % Historical Data

* Premium members only.

The historical data trend for Gray Media's ROCE % 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 ROCE % Chart

Gray Media Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.24 9.31 3.36 9.84 3.42

Gray Media Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % 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 3.71 3.22 3.72 3.78 3.62
FRA:GCZA
68GF Score
Gray Media Inc FRA:GCZA
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Gray Media ROCE % Calculation

Gray Media's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=308.294/( ( (10067.61 - 503.285) + (8915.76 - 440.664) )/ 2 )
=308.294/( (9564.325+8475.096)/ 2 )
=308.294/9019.7105
=3.42 %

Gray Media's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=307.94/( ( (8915.76 - 440.664) + (8925.935 - 378.005) )/ 2 )
=307.94/( ( 8475.096 + 8547.93 )/ 2 )
=307.94/8511.513
=3.62 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 3.62% mean?
Gray Media (FRA:GCZA) has a ROCE % of 3.62% as of Mar. 2026.
Is Gray Media's ROCE % too high?
Gray Media's current ROCE % is 3.62%. The Media - Diversified industry median ROCE % is 3.18. Gray Media's value of 3.62% is 14% above this industry median. Overall, Gray Media has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Gray Media's ROCE % compare to IHRT and SSP?
Gray Media's ROCE % of 3.62% can be compared against companies in the Media - Diversified industry. The industry median ROCE % is 3.18. Gray Media's value of 3.62% is 14% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Media - Diversified company?
The median ROCE % among Media - Diversified companies is 3.18, based on 978 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Gray Media's current ROCE % of 3.62% is 14% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Media - Diversified industry, the median ROCE % is 3.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gray Media's current ROCE % is 3.62%. 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 (FRA:GCZA) is currently considered Modestly Undervalued. The stock's GF Value™ is €6.38, compared to a current price of €5.60 — trading 12.2% below its estimated fair value. The current ROCE % is 3.62% and 14% above the Media - Diversified industry median of 3.18. Gray Media's overall GF Score™ is 68/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Gray Media (FRA:GCZA), the current ROCE % is 3.62% 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 (FRA:GCZA) Overvalued in 2026?

Based on GuruFocus' analysis, Gray Media stock appears to be undervalued. The current stock price of €5.60 is trading 12.2% below its estimated GF Value™ of €6.38. GuruFocus considers Gray Media to be Modestly Undervalued.

Key valuation signals for FRA:GCZA:

  • ROCE %: 3.62%
  • GF Value™: €6.38 vs. price of €5.60 (12.2% below fair value)
  • GF Score™: 68/100 with 8 warning signs
  • Industry Position: 14% above the Media - Diversified median

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

Gray Media Business Description

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.
68GF Score

Get the complete analysis for FRA:GCZA

ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€5.60
Price
€6.38
GF Value