Stocktoria

Graham Holdings Co GHC

NYSE · stock · Services-Educational Services · website · IPO 1980-03-17 · LEI

Graham Holdings Co statistics & valuation

Market cap$5.0B
P / E17.1×
P / S1.0×
P / B1.0×
P / FCF18.1×
Net margin6.0%
Return on equity6.1%
FCF margin5.6%
Net debt$438.6M
Net debt / EBITDA1.4×
Enterprise value USD$5.4B
EV / EBITDA17.2×
Earnings yield EBIT/EV4.3%
Return on capital3.4%
Graham number +8.2%$1,284.90

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($1,284.90); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
6.80% 11.70% 10.10% 11.20% 10.40% 11.10% 1.70% 4.60% 15.10% 6.00% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
9.00% 5.30% 9.10% 4.90% 3.50% 2.40% 2.10% 1.60% 4.50% 4.80% 2016201720182019202020212022202320242025
Return on equity (%)
6.90% 10.40% 9.30% 9.90% 8.00% 8.00% 1.80% 5.10% 16.90% 6.10% 2016201720182019202020212022202320242025
Shares outstanding
5.6M 5.6M 5.4M 5.3M 5.1M 5.0M 4.8M 4.7M 4.4M 4.4M 2016201720182019202020212022202320242025
Net debt ($)
-$163.2M $96.5M $217.5M $230.5M $92.1M $379.9M $401.2M $575.2M $460.8M $438.6M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
3.80% 6.10% 5.70% 5.50% 4.70% 4.70% 1.00% 2.90% 9.40% 3.50% 2016201720182019202020212022202320242025
Free cash flow margin (%)
7.80% 8.00% 7.00% 2.40% 4.90% 1.30% 3.90% 3.80% 6.80% 5.60% 2016201720182019202020212022202320242025
Debt / equity (×)
0.20× 0.17× 0.16× 0.13× 0.13× 0.12× 0.15× 0.19× 0.17× 0.15× 2016201720182019202020212022202320242025
EPS ($)
$29.80 $53.89 $50.20 $61.21 $58.13 $70.45 $13.79 $43.82 $163.40 $66.47 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Graham Holdings Co trades at about 17.9× earnings — above its 10-year norm (10-year range 5.7×–47.4×, median 13.2×).

5.7× 47.4×

Shaded band = 10-year range (5.7×–47.4×); dot = today's 17.9×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin4.8%4.5%1.6%2.1%2.4%3.5%4.9%9.1%5.3%9.0%
Net margin6.0%15.1%4.6%1.7%11.1%10.4%11.2%10.1%11.7%6.8%
FCF margin5.6%6.8%3.8%3.9%1.3%4.9%2.4%7.0%8.0%7.8%
Return on assets3.5%9.4%2.9%1.0%4.7%4.7%5.5%5.7%6.1%3.8%
Return on equity6.1%16.9%5.1%1.8%8.0%8.0%9.9%9.3%10.4%6.9%
Debt / equity0.15×0.17×0.19×0.15×0.12×0.13×0.13×0.16×0.17×0.20×
Current ratio1.751.751.501.471.581.871.601.891.982.29

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.