Gray Media Inc.

GTN Communication Services Broadcasting

Gray Media Inc.’s revenue for fiscal 2025 (year ended December 2025) was $3.1 billion, down 15.1% from fiscal 2024. In the quarter to June 2026, revenue grew 8.68%, EPS grew 120.1%, free cash flow grew 2,750.0% and total debt rose 3.90%, each against the same quarter a year earlier. Dividend growth for five consecutive years.

4.38 0.08 −1.79%
Market cap
$468.7M
P/E
0.0×
Fwd P/E
2.2×
Dividend yield
7.31%
F-score
3/9
Altman Z
0.63
Beneish M
−2.90
Dividend safety
37/100

Gray Media Inc. (GTN) EV/Sales

Alert me on EV/Sales

As of 16 October 2026, Gray Media Inc. (GTN) trades at a EV/Sales of 1.9×. Over the past ten years it has ranged from 1.0× (June 2019) to 4.0× (March 2015); the current reading is higher than 20% of that period. That is above the Broadcasting industry median of 1.3× and above the Communication Services sector median of 1.4×.

EV/Sales, daily

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Annual newest first

Period EV/Sales Change
FY2025 1.9× 18.97%
FY2024 1.6× (25.36%)
FY2023 2.1× 5.47%
FY2022 2.0× (42.62%)
FY2021 3.5× 69.91%
FY2020 2.1× (21.80%)
FY2019 2.6× (10.84%)
FY2018 3.0× 0.99%
FY2017 2.9× 7.40%
FY2016 2.7× (27.15%)

Quarterly newest first

Period EV/Sales Change
Jun 2026 1.9× (0.26%)
Mar 2026 1.9× 1.56%
Dec 2025 1.9× 5.59%
Sep 2025 1.8× 8.88%
42 more quarters

Against its own ten years

Low 1.0× High 4.0×
Ten-year median 2.3×
Current reading's percentile 22

EV/Sales against peers

Company EV/Sales
FUBO fuboTV Inc. compare 0.1×
SGA Saga Communications, Inc. compare 0.3×
IHRT iHeartMedia, Inc. compare 1.3×
SSP E.W. Scripps Company (The) compare 1.3×
SBGI Sinclair, Inc. compare 1.3×
GTN Gray Media Inc. 1.9×
CURI CuriosityStream Inc. compare 1.9×
GTN.A Gray Media Inc. compare 2.0×
NMAX Newsmax Inc. compare 4.9×
Broadcasting industry median 1.3×
Communication Services sector median 1.4×
Market median 2.1×

What EV/Sales is

EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ Revenue (TTM)

The full definition of EV/Sales →

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