What is Gray Television's price / book?

Gray Television (GTN) reported price / book of 0.2× in Q1 2026.

How has Gray Television's price / book changed year-over-year?

Gray Television's price / book increased by 8.1% year-over-year, from 0.2× to 0.2×.

What is the long-term trend for Gray Television's price / book?

Over 5 years (2020 to 2025), Gray Television's price / book has grown at a -25.2% compound annual growth rate (CAGR), from 1× to 0.2×.

What does price / book mean?

Market capitalization at the quarter end divided by shareholders' equity. The premium (or discount) the market assigns to the company's book equity.

Gray Television GTN Price / book

Price / book at other companies

Nexstar Media Group, Inc.NXST

2.5×+0.1×

Meta Platforms, Inc.META

5.9×-2.0×

MGN

MagniteMGNI

1.9×-0.3×

Fox CorporationFOXA

2.3×0.0×

Versant Media Group, Inc. VSNT

0.7×—

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.

market cap/total stockholders equity=0.2×

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 price / book?: Gray Television (GTN) reported price / book of 0.2× in Q1 2026.
How has Gray Television's price / book changed year-over-year?: Gray Television's price / book increased by 8.1% year-over-year, from 0.2× to 0.2×.
What is the long-term trend for Gray Television's price / book?: Over 5 years (2020 to 2025), Gray Television's price / book has grown at a -25.2% compound annual growth rate (CAGR), from 1× to 0.2×.
What does price / book mean?: Market capitalization at the quarter end divided by shareholders' equity. The premium (or discount) the market assigns to the company's book equity.