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Graham Holdings
(NYSE:GHC)
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Rating:74Outperform
Price Target:
$1,355.00
▲(17.33% Upside)
Action:Reiterated
Date:08/06/26
The score is driven primarily by solid financial performance (revenue growth and improving leverage) tempered by inconsistent profitability and weakening recent free cash flow. Technicals add support as the stock trades above key moving averages with healthy momentum. Valuation is a notable positive due to the low P/E, while the DBS sale is an additional constructive catalyst.
Positive Factors
Diversified business model
Graham Holdings' multi-segment holding structure provides durable revenue diversification across education, broadcast, manufacturing and healthcare. Majority-owned subsidiaries give operational control and recurring cash flows from different demand cycles, reducing single-market concentration risk over months to years.
Negative Factors
Profitability volatility
Earnings and margins have swung materially year-to-year, with 2024 unusually strong and more muted results since. This variability undermines predictability of free cash flow and makes long-term planning, capital allocation and earnings guidance less reliable for investors and management alike.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified business model
Graham Holdings' multi-segment holding structure provides durable revenue diversification across education, broadcast, manufacturing and healthcare. Majority-owned subsidiaries give operational control and recurring cash flows from different demand cycles, reducing single-market concentration risk over months to years.
Read all positive factors
Graham Holdings (GHC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$5.18B
Dividend Yield0.62%
Average Volume (3M)20.15K
Price to Earnings (P/E)9.6
Beta (1Y)0.81
Revenue Growth4.83%
EPS Growth-20.20%
CountryUS
Employees19,920
SectorIndustrials
Sector Strength72
IndustryEducation & Training Services
Share Statistics
EPS (TTM)125.36
Shares Outstanding3,343,083
10 Day Avg. Volume18,269
30 Day Avg. Volume20,153
Financial Highlights & Ratios
PEG Ratio-0.28
Price to Book (P/B)0.99
Price to Sales (P/S)0.97
P/FCF Ratio17.78
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)69
Revenue Forecast (FY)$5.21B
Graham Holdings Business Overview & Revenue Model
Company Description
Graham Holdings Company operates as a globally diversified enterprise, encompassing a wide array of education, media, and other ventures. Its extensive educational offerings include providing test preparation materials and services, specialized tr...
How the Company Makes Money
Graham Holdings primarily makes money through operating profits generated by its majority-owned subsidiaries, with revenue and earnings contributions varying by segment. In local television broadcasting, revenue is largely driven by the sale of ad...
Graham Holdings Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
78
Positive
Cash Flow
61
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.07B | 4.91B | 4.79B | 4.41B | 3.92B | 3.19B |
| Gross Profit | 1.46B | 1.36B | 1.47B | 1.31B | 1.27B | 1.07B |
| EBITDA | 934.95M | 740.91M | 1.45B | 665.21M | 504.84M | 719.55M |
| Net Income | 541.86M | 292.29M | 724.63M | 205.29M | 67.08M | 352.07M |
Balance Sheet | ||||||
| Total Assets | 8.14B | 8.40B | 7.68B | 7.19B | 6.55B | 7.43B |
| Cash, Cash Equivalents and Short-Term Investments | 1.25B | 1.36B | 1.12B | 866.92M | 791.73M | 970.33M |
| Total Debt | 1.34B | 1.73B | 1.17B | 1.25B | 1.19B | 1.15B |
| Total Liabilities | 3.32B | 3.53B | 3.35B | 3.12B | 2.78B | 3.00B |
| Stockholders Equity | 4.76B | 4.79B | 4.26B | 3.98B | 3.73B | 4.40B |
Cash Flow | ||||||
| Free Cash Flow | 240.31M | 267.66M | 324.08M | 166.43M | 152.92M | 39.89M |
| Operating Cash Flow | 319.14M | 339.54M | 406.99M | 259.88M | 235.60M | 202.43M |
| Investing Cash Flow | -196.96M | -180.97M | -62.33M | -154.03M | -177.15M | -494.63M |
| Financing Cash Flow | -142.01M | -156.30M | -240.97M | -98.78M | -25.02M | 31.03M |
Graham Holdings Technical Analysis
Positive
1154.88
Price Trends
1158.48
Positive
1129.66
Positive
1108.95
Positive
Market Momentum
15.11
Negative
53.74
Neutral
52.92
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GHC, the sentiment is Positive. The current price of 1154.88 is below the 20-day moving average (MA) of 1185.79, below the 50-day MA of 1158.48, and above the 200-day MA of 1108.95, indicating a bullish trend. The MACD of 15.11 indicates Negative momentum. The RSI at 53.74 is Neutral, neither overbought nor oversold. The STOCH value of 52.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GHC.
Graham Holdings Risk Analysis
Graham Holdings disclosed 46 risk factors in its most recent earnings report. Graham Holdings reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Graham Holdings Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $1.99B | 11.91 | 17.21% | 1.98% | 17.75% | 15.21% | |
74 Outperform | $5.18B | 9.60 | 11.56% | 0.64% | 4.83% | -20.20% | |
74 Outperform | $5.28B | 30.90 | 28.61% | ― | 17.89% | 31.70% | |
72 Outperform | $3.79B | 17.47 | 31.24% | ― | 6.97% | 0.18% | |
71 Outperform | $3.41B | 11.20 | 21.31% | ― | 10.93% | 2.97% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
* Industrials Sector Average
GHC
Graham Holdings
1,195.16
242.02
25.39%
PRDO
Perdoceo Education
32.45
2.18
7.18%
LOPE
Grand Canyon Education
148.74
-45.94
-23.60%
LRN
Stride
80.00
-64.05
-44.46%
LAUR
Laureate Education
37.31
12.57
50.81%
Graham Holdings Corporate Events
Business Operations and StrategyM&A Transactions
Kaplan Sells Dublin Business School to China Chunlai
Positive
Aug 5, 2026
On August 5, 2026, Kaplan announced an agreement for its Kaplan International UK Holdings unit to sell Dublin Business School, including related intellectual property, to China Chunlai Education Group for US$127.5 million, subject to possible dedu...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.