A Business at a Glance
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Graham Holdings Co
GHC
$5.0B
Mkt Cap
$1,154.88
+1.03%
Graham Holdings Co (GHC) has a current P/E ratio of 17.4, compared to its historical median P/E of 10.9. The stock is currently considered Fair based on its historical valuation range.
Graham Holdings Co (GHC) has a 5-year average return on invested capital (ROIC) of 5.5%. This is below average and may indicate limited pricing power.
Graham Holdings Co (GHC) has a market capitalization of $5.0B. It is classified as a mid-cap stock.
Yes, Graham Holdings Co (GHC) pays a dividend with a trailing twelve-month yield of 0.62%. The company also returns capital through share buybacks, with a buyback yield of 0.07%.
Based on historical P/E analysis, Graham Holdings Co (GHC) appears fair. The current P/E of 17.4 is 60% above its historical median of 10.9. The estimated fair value CAGR (P/E method) is 3.5%.
Graham Holdings Co (GHC) operates in the Services-Educational Services industry, within the Consumer Cyclical sector.
Graham Holdings Co (GHC) reported annual revenue of $4.9 billion in its most recent fiscal year, based on SEC EDGAR filings.
Graham Holdings Company is a diversified holding company operating across educational services, television broadcasting, healthcare, manufacturing, automotive dealerships, and other businesses. Through Kaplan, Inc., the company provides educational services including academic preparation programs for international students, English-language instruction, exam preparation, professional certifications, and operations support for pre-college through graduate programs, serving approximately 1.16 million students and professionals worldwide and maintaining relationships with approximately 17,680 companies and 1,510 universities and schools. The television broadcasting segment owns and operates seven broadcast stations and provides social media management tools for newsrooms, while healthcare segments deliver in-home specialty pharmacy infusion therapies, home health and hospice services, applied behavior analysis therapy, physician services, and healthcare software-as-a-service technology. The manufacturing operations include suppliers to the commercial building industry, electrical solutions manufacturers, lifting solutions providers, and parts suppliers for electric utilities and industrial systems, while the automotive business comprises eight dealerships and valet repair services. The company's other businesses encompass restaurants, custom framing, marketing solutions, customer data analytics software, media properties including Slate and Foreign Policy magazines, podcasting and audio monetization platforms, and online art and commerce platforms, with non-U.S. operations accounting for approximately 22% of consolidated revenues.
No forward guidance provided.
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 4.9B | 4.9B | 4.8B | 4.4B | 3.9B | 3.2B |
| Net Income | 291M | 291M | 720M | 204M | 67M | 350M |
| EPS | $66.47 | $66.47 | $163.40 | $43.82 | $13.79 | $70.45 |
| Free Cash Flow | 275M | 275M | 324M | 166M | 153M | 40M |
| ROIC | 2.7% | 3.0% | 14.8% | 1.1% | 1.1% | 7.6% |
| Gross Margin | 9.5% | 9.5% | 11.0% | 6.1% | 6.9% | 7.6% |
| Debt/Equity | 0.28 | 0.28 | 0.27 | 0.32 | 0.32 | 0.26 |
| Dividends/Share | $7.17 | $7.20 | $6.88 | $6.60 | $6.32 | $6.04 |
| Operating Income | 235M | 235M | 216M | 69M | 84M | 77M |
| Operating Margin | 4.8% | 4.8% | 4.5% | 1.6% | 2.1% | 2.4% |
| ROE | 6.1% | 6.4% | 17.5% | 5.3% | 1.6% | 8.6% |
| Shares Outstanding | 4M | 4M | 4M | 5M | 5M | 5M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 2.7B | 2.6B | 2.5B | 2.6B | 2.7B | 2.9B | 2.9B | 3.2B | 3.9B | 4.4B | 4.8B | 4.9B | 4.9B |
| Gross Margin | 59.4% | 44.6% | 50.5% | 45.7% | 14.4% | 9.8% | 9.3% | 7.6% | 6.9% | 6.1% | 11.0% | 9.5% | 9.5% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 1.1B | 1.1B | 905M | 910M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EBIT | 233M | -81M | 223M | 136M | 246M | 145M | 100M | 77M | 84M | 69M | 216M | 235M | 235M |
| Op. Margin | 8.5% | -3.1% | 9.0% | 5.3% | 9.1% | 4.9% | 3.5% | 2.4% | 2.1% | 1.6% | 4.5% | 4.8% | 4.8% |
| Net Income | 1.3B | -101M | 167M | 299M | 270M | 326M | 299M | 350M | 67M | 204M | 720M | 291M | 291M |
| Net Margin | 47.2% | -3.9% | 6.7% | 11.5% | 10.0% | 11.1% | 10.3% | 11.0% | 1.7% | 4.6% | 15.0% | 5.9% | 5.9% |
| Non-Recurring | 289M | 250M | -29M | 7.4M | 8.3M | 37M | 241M | 35M | 126M | 110M | 15M | 16M | 16M |
| Returns on Capital | |||||||||||||
| ROIC | 35.5% | -3.2% | 7.1% | 5.4% | 6.8% | 3.1% | 1.9% | 7.6% | 1.1% | 1.1% | 14.8% | 3.0% | 2.7% |
| ROE | 40.2% | -3.6% | 6.7% | 11.1% | 9.2% | 10.5% | 8.4% | 8.6% | 1.6% | 5.3% | 17.5% | 6.4% | 6.1% |
| ROA | 22.4% | -2.0% | 3.8% | 6.4% | 5.6% | 6.1% | 4.8% | 5.0% | 1.0% | 3.0% | 9.7% | 3.6% | 3.5% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 313M | 71M | 261M | 268M | 287M | 165M | 211M | 202M | 236M | 260M | 407M | 347M | 347M |
| Free Cash Flow | 76M | -66M | 195M | 208M | 189M | 72M | 141M | 40M | 153M | 166M | 324M | 275M | 275M |
| Owner Earnings | 72M | -74M | 157M | 154M | 176M | 46M | 73M | 67M | 97M | 117M | 276M | 229M | 229M |
| CapEx | 237M | 137M | 67M | 60M | 98M | 94M | 70M | 163M | 83M | 93M | 83M | 72M | 72M |
| Maint. CapEx | 224M | 97M | 91M | 104M | 104M | 112M | 131M | 129M | 132M | 136M | 124M | 112M | 112M |
| Growth CapEx | 13M | 40M | 0 | 0 | 0 | 0 | 0 | 33M | 0 | 0 | 0 | 0 | 0 |
| D&A | 224M | 97M | 91M | 104M | 104M | 112M | 131M | 129M | 132M | 136M | 124M | 112M | 112M |
| CapEx/OCF | 63.7% | 193.7% | 25.5% | 22.5% | 34.2% | 56.6% | 33.0% | 80.3% | 35.1% | 36.0% | 20.4% | 20.7% | 20.7% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 68M | 54M | 27M | 28M | 29M | 30M | 30M | 30M | 31M | 31M | 30M | 31M | 31M |
| Dividend Yield | 2.7% | 1.7% | 1.1% | 1.0% | 1.0% | 0.9% | 1.4% | 1.0% | 1.1% | 1.1% | 0.9% | 0.7% | 0.6% |
| Share Buybacks | 328M | 23M | 109M | 51M | 118M | 2.1M | 162M | 56M | 71M | 193M | 114M | 3.5M | 3.5M |
| Buyback Yield | 10.4% | 0.9% | 4.0% | 1.8% | 3.6% | 0.1% | 6.3% | 2.0% | 2.5% | 6.0% | 3.0% | 0.1% | 0.1% |
| Stock-Based Comp | 18M | 48M | 13M | 10M | 6.4M | 6.3M | 6.3M | 5.7M | 6.1M | 6.7M | 6.3M | 5.7M | 5.7M |
| Debt Repayment | 1.5M | 45M | 0 | 7.7M | 0 | 0 | 0 | 50M | 14M | 122M | 29M | 558M | 558M |
| Balance Sheet | |||||||||||||
| Net Debt | -377M | -501M | -205M | -114M | 181M | 837M | 345M | 956M | 980M | 1.1B | 903M | 1.0B | 1.1B |
| Cash & Equiv. | 773M | 754M | 649M | 390M | 253M | 200M | 414M | 146M | 169M | 170M | 261M | 267M | 267M |
| Long-Term Debt | 400M | 400M | 486M | 487M | 471M | 431M | 506M | 526M | 571M | 745M | 722M | 706M | 706M |
| Debt/Equity | 0.14 | 0.16 | 0.20 | 0.17 | 0.16 | 0.33 | 0.27 | 0.26 | 0.32 | 0.32 | 0.27 | 0.28 | 0.28 |
| Interest Coverage | 6.5 | -2.5 | 6.3 | 4.0 | 6.5 | 4.9 | 2.6 | 2.3 | 1.5 | 1.1 | 1.2 | 2.0 | 2.0 |
| Equity | 3.1B | 2.5B | 2.5B | 2.9B | 2.9B | 3.3B | 3.8B | 4.4B | 3.7B | 4.0B | 4.3B | 4.8B | 4.8B |
| Total Assets | 5.8B | 4.4B | 4.4B | 4.9B | 4.8B | 5.9B | 6.4B | 7.4B | 6.6B | 7.2B | 7.7B | 8.4B | 8.4B |
| Total Liabilities | 2.6B | 1.8B | 2.0B | 2.0B | 1.8B | 2.6B | 2.7B | 3.0B | 2.8B | 3.2B | 3.3B | 3.5B | 3.5B |
| Intangibles | 97M | 107M | 108M | 238M | 263M | 233M | 205M | 247M | 161M | 112M | 57M | 62M | 62M |
| Retained Earnings | 6.0B | 5.4B | 5.6B | 5.8B | 6.2B | 6.5B | 6.8B | 7.1B | 7.2B | 7.3B | 8.0B | 8.3B | 8.3B |
| Working Capital | 640M | 1.1B | 1.1B | 857M | 720M | 622M | 825M | 681M | 534M | 620M | 899M | 1.0B | 1.0B |
| Current Assets | 1.7B | 1.9B | 1.9B | 1.7B | 1.5B | 1.7B | 1.8B | 1.8B | 1.7B | 1.8B | 2.1B | 2.4B | 2.4B |
| Current Liabilities | 1.1B | 725M | 819M | 879M | 812M | 1.0B | 950M | 1.2B | 1.1B | 1.2B | 1.2B | 1.4B | 1.4B |
| Per Share Data | |||||||||||||
| EPS | 195.03 | -17.87 | 29.80 | 53.89 | 50.20 | 61.21 | 58.13 | 70.45 | 13.79 | 43.82 | 163.40 | 66.47 | 66.47 |
| Owner EPS | 10.79 | -13.11 | 28.01 | 27.77 | 32.87 | 8.71 | 14.26 | 13.59 | 20.12 | 25.15 | 62.77 | 52.38 | 52.38 |
| Book Value | 473.67 | 439.44 | 438.96 | 525.04 | 543.23 | 623.12 | 731.53 | 886.05 | 771.45 | 854.26 | 966.38 | 1,096.34 | 1,096.34 |
| Cash Flow/Share | 47.29 | 12.47 | 46.75 | 48.28 | 53.46 | 31.01 | 40.99 | 40.77 | 48.71 | 55.84 | 92.40 | 79.40 | 92.18 |
| Dividends/Share | 10.20 | 9.10 | 4.84 | 5.08 | 5.32 | 5.56 | 5.80 | 6.04 | 6.32 | 6.60 | 6.88 | 7.20 | 7.17 |
| Shares Out. | 6.6M | 5.7M | 5.6M | 5.6M | 5.4M | 5.3M | 5.1M | 5.0M | 4.8M | 4.7M | 4.4M | 4.4M | 4.4M |
| Valuation | |||||||||||||
| P/E Ratio | 2.4 | N/A | 16.0 | 9.6 | 11.9 | 9.8 | 8.6 | 8.0 | 41.7 | 15.6 | 5.3 | 16.7 | 17.4 |
| P/FCF | 41.4 | N/A | 13.7 | 13.8 | 17.1 | 44.6 | 18.1 | 70.4 | 18.2 | 19.1 | 11.8 | 17.6 | 18.3 |
| EV/EBIT | 9.0 | N/A | 6.3 | 19.2 | 13.1 | 23.6 | 22.5 | 43.2 | 39.8 | 53.8 | 19.1 | 23.0 | 26.0 |
| Price/Book | 1.0 | 1.1 | 1.1 | 1.0 | 1.1 | 1.0 | 0.7 | 0.6 | 0.8 | 0.8 | 0.9 | 1.0 | 1.1 |
| Price/Sales | 0.9 | 1.2 | 1.0 | 1.1 | 1.1 | 1.2 | 0.7 | 0.9 | 0.7 | 0.6 | 0.7 | 0.9 | 1.0 |
| FCF Yield | 2.4% | -2.5% | 7.2% | 7.2% | 5.8% | 2.2% | 5.5% | 1.4% | 5.5% | 5.2% | 8.4% | 5.7% | 5.5% |
| Market Cap | 3.2B | 2.6B | 2.7B | 2.9B | 3.2B | 3.2B | 2.6B | 2.8B | 2.8B | 3.2B | 3.9B | 4.9B | 5.0B |
| Avg. Price | 386.07 | 546.25 | 443.80 | 526.29 | 548.91 | 634.51 | 402.31 | 581.51 | 573.91 | 586.46 | 759.93 | 988.38 | 1,154.88 |
| Year-End Price | 475.70 | 462.08 | 477.50 | 516.31 | 599.65 | 599.37 | 497.86 | 565.94 | 575.56 | 682.42 | 870.74 | 1,108.04 | 1,154.88 |
Graham Holdings Co passes 1 of 9 quality checks, indicating weak fundamentals.
Graham Holdings Co trades at 17.4x trailing earnings, compared to its 15-year median P/E of 10.9x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 4.0x vs a median of 17.9x. The company's 5-year average ROIC is 5.5% with a gross margin of 8.2%. Total shareholder yield (dividends) is 0.7%. At current prices, the estimated annualized return to fair value is +56.6%.
Graham Holdings Co (GHC) has a net profit margin of 5.9%. This is a modest margin.
Graham Holdings Co (GHC) generated $275 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Graham Holdings Co (GHC) has a debt-to-equity ratio of 0.28. This indicates a conservatively financed balance sheet.
Graham Holdings Co (GHC) reported earnings per share (EPS) of $66.47 in its most recent fiscal year.
Graham Holdings Co (GHC) has a return on equity (ROE) of 6.4%. This indicates moderate shareholder returns.
Graham Holdings Co (GHC) has a 5-year average gross margin of 8.2%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 16 years of financial data for Graham Holdings Co (GHC), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Graham Holdings Co (GHC) has a book value per share of $1096.34, based on its most recent annual SEC filing.
No recent press releases.