Graham Holdings (GHC) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Graham Holdings

NYSE•Industrials•Conglomerates

$1,196.94-5.93(<0.01%)After hours

Market Cap

$5.05B

P/E

10.2x

P/S

1.0x

P/B

1.1x

Graham Holdings Company, through its subsidiaries, operates as a diversified holding company in the United States and internationally. The company provides academic preparation programs for international students; professional training and postsecondary education services, as well as English-language programs; operations support services for pre-college, certificate, undergraduate and graduate programs; exam preparation services; career and academic advisement services; and operates a sixth-form college that prepares students for A-level examinations. It also owns and operates television broadcast stations, restaurants, and entertainment venues; and offers social media management tools to connect newsrooms with their users. In addition, the company offers in-home specialty pharmacy infusion therapies; home health, hospice and palliative services; applied behavior analysis therapy; physician services for allergy, asthma and immunology patients; in-home aesthetics; and healthcare software-as-a-service technology. Further, it operates as a multi-product supplier to the commercial building industry; manufactures electrical and lifting solutions; and supplies parts used in electric utilities and industrial systems. Additionally, the company operates dealerships and valet repair services; provides custom framing services; marketing solutions; customer data and analytics software; Slate and Foreign Policy magazines; daily local news podcast and newsletter; a software-as-a-service platform that monetize audio content through paid subscriptions, memberships, and audiobooks; operates an online art gallery and in-person art fair business; and an online commerce platform that features original art and designs on an array of consumer products. The company was formerly known as The Washington Post Company and changed its name to Graham Holdings Company in November 2013. Graham Holdings Company was founded in 1877 and is based in Arlington, Virginia.

How this company scores

AverageMetricSide Score: 56/100

Strongest: Balance Sheet & Red Flags (16/25); weakest: Growth (11/25).

Profitability13/25

Growth11/25

Balance Sheet & Red Flags16/25

Cash & Earnings Quality16/25

Strengths

Low leverageCash-backed earningsConsistent free cash flowConsistent growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 10.2x5y range 5.2x – 169.3x

Currently below its 20-quarter median.

P/S · 1.0x5y range 0.8x – 1.3x

Currently near its 20-quarter median.

P/B · 1.1x5y range 0.9x – 1.2x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Leverage Risk

Watch

Debt-to-equity has risen 114.3% recently — increasing financial risk even if the current ratio is manageable.

Price & Volume

Market Cap $5.05B

Metrics at a Glance

as of September 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $5.12B
Q. Revenue: $1.33B
TTM EBITDA: $375.32M
TTM Op. Income: $274.57M
Q. Op. Income: $85.52M
TTM Net Income: $494.04M
Q. Net Income: $75.11M
EPS: $17.79
Shares Out.: $4.20M

$5.12B in TTM revenue grew 4.3% YoY, reaching $1.33B last quarter. TTM EBITDA of $375.32M and TTM operating income of $274.57M show growth is flowing through to the bottom line. TTM net income of $494.04M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 8.3%
Op. Margin: 6.4%
Net Margin: 5.7%

Op. margin of 6.4% is up 1.2% YoY — cost efficiency is improving. Net margin at 5.7% Across the last 8 quarters, operating margin has risen for 3 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 10.2x
P/S Ratio: 1.0x
P/B Ratio: 1.1x

At 10.2x P/E, the stock trades below typical market levels. P/S of 1.0x and P/B of 1.1x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 46% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $8.29B
Cash: $154.33M
Long-Term Debt: $705.36M
Book Value: $4.78B
D/E Ratio: 0.1
Debt/EBITDA: 6.4

With $8.29B in assets and $705.36M in long-term debt, D/E is 0.1and book value is $4.78B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 2 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $160.42M
TTM Free Cash Flow: $220.84M
FCF Margin: 4.3%
FCF / Net Income: 0.4

TTM FCF of $220.84M on $160.42M in operating cash flow. The FCF / Net Income ratio of 0.4x means cash covers only part of net income — earnings quality needs attention. Across the last 8 quarters, free cash flow has fallen for 2 consecutive quarters — a weakening trend.