What is Gray Television's EV / EBITDA?

Gray Television (GTN) reported EV / EBITDA of 9.7× in Q1 2026.

How has Gray Television's EV / EBITDA changed year-over-year?

Gray Television's EV / EBITDA increased by 77.4% year-over-year, from 5.5× to 9.7×.

What is the long-term trend for Gray Television's EV / EBITDA?

Over 5 years (2020 to 2025), Gray Television's EV / EBITDA has grown at a 12.6% compound annual growth rate (CAGR), from 5.2× to 9.4×.

What does EV / EBITDA mean?

Enterprise value (market cap plus total debt minus cash) at the quarter end divided by trailing-twelve-month EBITDA. A capital-structure-neutral valuation multiple.

Gray Television GTN EV / EBITDA

EV / EBITDA at other companies

Nexstar Media Group, Inc.NXST

12.5×—

Meta Platforms, Inc.META

13.7×-2.9×

iHeartMedia, Inc.IHRT

25.9×—

MGN

MagniteMGNI

12.4×-4.0×

Fox CorporationFOXA

11.3×+0.9×

Alphabet Inc.GOOGL

——

Other financials

Income statement

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Revenue$768.0M-1.8%

Operating income$81.0M-12.0%

Net income-$20.0M-122%

EPS (diluted)-$0.34-47.8%

Balance sheet

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Cash & equivalents$259.0M+23.3%

Total debt$5.8B+2.3%

Total equity$2.1B-6.3%

Total assets$10.3B-1.1%

Cash flow

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Operating cash flow$1.0M-99.2%

CapEx$19.0M+26.7%

Free cash flow-$18.0M-115%

Valuation

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Market cap$367.8M-15.6%

Enterprise value$5.92B+0.2%

P/S0.1×0.0×

Profitability

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Operating margin12.4%-10.4pp

Net margin-3.1%-10.8pp

FCF margin1.9%-17.6pp

Returns & leverage

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Return on equity-4.4%-17.3pp

Debt / equity2.8×+0.2×

Current ratio1.2×+0.3×

Where this comes from

Calculated from Gray Television’s reported figures.

enterprise value/ebitda=9.7×

Based on the most recent quarter.

The official record: Gray Television’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Gray Television's EV / EBITDA?: Gray Television (GTN) reported EV / EBITDA of 9.7× in Q1 2026.
How has Gray Television's EV / EBITDA changed year-over-year?: Gray Television's EV / EBITDA increased by 77.4% year-over-year, from 5.5× to 9.7×.
What is the long-term trend for Gray Television's EV / EBITDA?: Over 5 years (2020 to 2025), Gray Television's EV / EBITDA has grown at a 12.6% compound annual growth rate (CAGR), from 5.2× to 9.4×.
What does EV / EBITDA mean?: Enterprise value (market cap plus total debt minus cash) at the quarter end divided by trailing-twelve-month EBITDA. A capital-structure-neutral valuation multiple.