Graham Holdings Company Common (GHC)
NYSE:GHC
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Graham Holdings
(NYSE:GHC)
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Rating:64Neutral
Price Target:
$1,143.00
▲(0.38% Upside)
Action:DowngradedDate:02/25/26
The score is driven primarily by generally solid fundamentals (moderate leverage, improving profitability into 2024, and consistently positive free cash flow), tempered by the significant uncertainty created by the reported 2025 revenue of zero. Valuation is a clear positive due to the low P/E, but technicals are weak with the stock trading below key moving averages and negative MACD.
Positive Factors
Diversified business model
Graham Holdings operates across education (Kaplan), media, healthcare and manufacturing, spreading revenue sources and lowering single-market exposure. This diversification supports resilient cash flows and reduces reliance on any single cyclical sector over a multi-month horizon.
Negative Factors
2025 revenue reporting anomaly
The 2025 annual revenue showing as zero is a material data anomaly that undermines confidence in recent-period metrics and trend analysis. This ambiguity complicates forecasting and investor assessment of operating performance until clarified or restated, a persistent governance concern.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified business model
Graham Holdings operates across education (Kaplan), media, healthcare and manufacturing, spreading revenue sources and lowering single-market exposure. This diversification supports resilient cash flows and reduces reliance on any single cyclical sector over a multi-month horizon.
Read all positive factors
Graham Holdings (GHC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$4.79B
Dividend Yield0.65%
Average Volume (3M)21.46K
Price to Earnings (P/E)16.3
Beta (1Y)0.83
Revenue Growth4.13%
EPS Growth228.37%
CountryUS
Employees15,382
SectorConsumer Defensive
Sector Strength42
IndustryEducation & Training Services
Share Statistics
EPS (TTM)24.69
Shares Outstanding3,385,088
10 Day Avg. Volume19,076
30 Day Avg. Volume21,461
Financial Highlights & Ratios
PEG Ratio-0.27
Price to Book (P/B)0.99
Price to Sales (P/S)0.97
P/FCF Ratio17.78
Enterprise Value/Market Cap1.31
Enterprise Value/Revenue1.28
Enterprise Value/Gross Profit4.35
Enterprise Value/Ebitda7.63
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)69.6
Revenue Forecast (FY)$5.38B
Graham Holdings Business Overview & Revenue Model
Company Description
Graham Holdings Company, through its subsidiaries, operates as a diversified education and media company worldwide. It provides test preparation services and materials; data science and training services; professional training and exam preparation...
How the Company Makes Money
Graham Holdings generates revenue through multiple key streams. Primarily, it earns significant income from its education division, Kaplan, which offers online and campus-based programs across various fields, including professional training and hi...
Graham Holdings Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
72
Positive
Cash Flow
63
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.91B | 4.79B | 4.41B | 3.92B | 3.19B |
| Gross Profit | 1.36B | 1.47B | 1.31B | 1.27B | 1.07B |
| EBITDA | 740.61M | 1.45B | 665.21M | 504.84M | 719.55M |
| Net Income | 292.29M | 724.63M | 205.29M | 67.08M | 352.07M |
Balance Sheet | |||||
| Total Assets | 8.40B | 7.68B | 7.19B | 6.55B | 7.43B |
| Cash, Cash Equivalents and Short-Term Investments | 1.36B | 1.12B | 866.92M | 791.73M | 970.33M |
| Total Debt | 1.73B | 1.17B | 1.25B | 1.19B | 1.15B |
| Total Liabilities | 3.53B | 3.35B | 3.12B | 2.78B | 3.00B |
| Stockholders Equity | 4.79B | 4.26B | 3.98B | 3.73B | 4.40B |
Cash Flow | |||||
| Free Cash Flow | 267.66M | 324.08M | 166.43M | 152.92M | 39.89M |
| Operating Cash Flow | 339.54M | 406.99M | 259.88M | 235.60M | 202.43M |
| Investing Cash Flow | -180.97M | -62.33M | -154.03M | -177.15M | -494.63M |
| Financing Cash Flow | -156.30M | -240.97M | -98.78M | -25.02M | 31.03M |
Graham Holdings Technical Analysis
Positive
1138.66
Price Trends
1083.12
Positive
1096.54
Positive
1063.63
Positive
Market Momentum
3.32
Negative
61.78
Neutral
72.89
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 1138.66 is above the 20-day moving average (MA) of 1066.27, above the 50-day MA of 1083.12, and above the 200-day MA of 1063.63, indicating a bullish trend. The MACD of 3.32 indicates Negative momentum. The RSI at 61.78 is Neutral, neither overbought nor oversold. The STOCH value of 72.89 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 (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
85 Outperform | $2.21B | 11.89 | 16.30% | 1.88% | 24.23% | 17.56% | |
76 Outperform | $3.84B | 7.03 | 21.36% | ― | 17.25% | 30.15% | |
74 Outperform | $4.70B | 17.67 | 26.41% | ― | 2.01% | -13.82% | |
73 Outperform | $4.52B | 21.44 | 28.22% | ― | 7.05% | -2.63% | |
64 Neutral | $4.79B | 16.28 | 6.53% | 0.65% | 4.13% | 228.37% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% |
* Consumer Defensive Sector Average
GHC
Graham Holdings
1,101.85
193.05
21.24%
PRDO
Perdoceo Education
35.38
10.05
39.69%
LOPE
Grand Canyon Education
166.52
-7.59
-4.36%
LRN
Stride
90.21
-44.58
-33.07%
LAUR
Laureate Education
32.91
13.64
70.78%
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.