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

$1,134.85-24.90(-0.02%)Pre-market

Market Cap

$4.84B

P/E

8.9x

P/S

1.0x

P/B

1.0x

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: 54/100

Strongest: Cash & Earnings Quality (16/25); weakest: Growth (11/25).

Profitability13/25

Growth11/25

Balance Sheet & Red Flags14/25

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 · 8.9x5y range 5.2x – 158.0x

Currently below its 20-quarter median.

P/S · 1.0x5y range 0.8x – 1.3x

Currently near its 20-quarter median.

P/B · 1.0x5y range 0.9x – 1.2x

Watch items

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

Some Concerns

Margin Pressure

Watch

Operating margins declined 11.0% — watch for continued compression, which may signal competitive or cost pressure.

Earnings Quality

Watch

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

Price & Volume

Market Cap $4.84B

Metrics at a Glance

as of June 2026

Revenue & Profit

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

TTM Revenue: $5.07B
Q. Revenue: $1.30B
TTM EBITDA: $362.03M
TTM Op. Income: $256.19M
Q. Op. Income: $83.63M
TTM Net Income: $541.86M
Q. Net Income: $281.10M
EPS: $65.53
Shares Out.: $4.26M

$5.07B in TTM revenue grew 4.8% YoY, reaching $1.30B last quarter. TTM EBITDA of $362.03M and TTM operating income of $256.19M show growth is flowing through to the bottom line. TTM net income of $541.86M 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: 21.6%

Op. margin of 6.4% is up 0.4% YoY — cost efficiency is improving. Net margin at 21.6% Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

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

P/E Ratio: 8.9x
P/S Ratio: 1.0x
P/B Ratio: 1.0x

At 8.9x P/E, the stock trades below typical market levels. P/S of 1.0x and P/B of 1.0x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has fallen for 2 consecutive quarters — an improving trend.

Assets & Liabilities

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

Total Assets: $8.14B
Cash: $156.77M
Long-Term Debt: $708.90M
Book Value: $4.76B
D/E Ratio: 0.1
Debt/EBITDA: 6.6

With $8.14B in assets and $708.90M in long-term debt, D/E is 0.1and book value is $4.76B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is up 106% — an improving trend.

Cash Flow

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

Op. Cash Flow: $52.68M
TTM Free Cash Flow: $247.96M
FCF Margin: 4.9%
FCF / Net Income: 0.5

TTM FCF of $247.96M on $52.68M in operating cash flow. The FCF / Net Income ratio of 0.5x means cash covers only part of net income — earnings quality needs attention. Over the past year, free cash flow is down 41% — a weakening trend.