GTN (Gray Media) ROCE %: 3.59% (As of Mar. 2026)

What is Gray Media ROCE %?

Gray Media GTN +0.51% 65 ROCE % is 3.59% as of Mar. 2026. GuruFocus rates GTN with a GF Score™ of 65/100 and a GF Value™ of $2.66 (Significantly Overvalued). 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 3.59%.

Gray Media (NYSE:GTN) 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 %

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4.12

9.02

3.41

9.64

3.62

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															3.78	3.33	3.75	3.77	3.59

65GF Score

Gray Media Inc GTN

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 )
	=	361	/	( ( (10542 - 527)	+	(10440 - 516) )	/ 2 )
	=	361	/	( (10015	+	9924)	/ 2 )
	=	361	/	9969.5
	=	3.62 %

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 )
	=	356	/	( ( (10440 - 516)	+	(10319 - 437) )	/ 2 )
	=	356	/	( ( 9924	+	9882 )	/ 2 )
	=	356	/	9903
	=	3.59 %

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

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 3.59% mean?

Gray Media (GTN) has a ROCE % of 3.59% as of Mar. 2026.

Is Gray Media's ROCE % too high?

Gray Media's current ROCE % is 3.59%. The Media - Diversified industry median ROCE % is 3.10. Gray Media's value of 3.59% is 15.8% above this industry median. Overall, Gray Media has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Gray Media's ROCE % compare to SSP and FUBO?

Gray Media's ROCE % of 3.59% can be compared against companies in the Media - Diversified industry. The industry median ROCE % is 3.10. Gray Media's value of 3.59% is 15.8% 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 3.10, based on 988 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 3.59% is 15.8% 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 3.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gray Media's current ROCE % is 3.59%. 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 Significantly Overvalued. The stock's GF Value™ is $2.66, compared to a current price of $3.95 — trading 48.5% above its estimated fair value. The current ROCE % is 3.59% and 15.8% above the Media - Diversified industry median of 3.10. Gray Media's overall GF Score™ is 65/100 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 (GTN), the current ROCE % is 3.59% 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 overvalued. The current stock price of $3.95 is trading 48.5% above its estimated GF Value™ of $2.66. GuruFocus considers Gray Media to be Significantly Overvalued.

Key valuation signals for GTN:

ROCE %: 3.59%
GF Value™: $2.66 vs. price of $3.95 (48.5% above fair value)
GF Score™: 65/100 with 8 warning signs
Industry Position: 15.8% above the Media - Diversified median

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 Business Description

Industry Communication Services Media - Diversified

Comparable Companies SSP FUBO IHRT CURI MDIA SGA CAST SALM BBGI UONE LUX:SESGL TSE:9412 TSE:9401 XTER:RRTL NXST TSE:9404 LSE:ITV TSE:4676 MIL:MFEB SHSE:600959

Other Exchanges GTN.A:USA GCZB:Germany

Address 4370 Peachtree Road NE, Suite 400, Atlanta, GA, USA, 30319

Website https://www.graymedia.com

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.

65GF Score

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

$3.95

Price

$2.66

GF Value

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