Graham Holdings Company Common (GHC)
NYSE:GHC
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Graham Holdings
(NYSE:GHC)
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Rating:67Neutral
Price Target:
$1,218.00
▲(6.97% Upside)
Action:ReiteratedDate:05/01/26
The score is primarily driven by mixed financial performance: improving margins, solid free cash flow, and moderate/deleveraging balance sheet strength are offset by a sharp TTM revenue contraction and historically volatile profitability. Technicals are mildly supportive (positive MACD and price above key moving averages), while valuation is fair on P/E but supported by a low dividend yield.
Positive Factors
Diversified operating portfolio
Graham's mix of Kaplan education, local TV, healthcare staffing, manufacturing and auto dealerships creates multiple, distinct cash-flow channels and lowers reliance on any single cyclical market. This reduces single-segment risk and supports steadier consolidated results over months.
Negative Factors
Sharp recent revenue contraction
A near-25% TTM revenue decline materially pressures long-term earnings power and could indicate structural softness in one or more segments. Sustained top-line weakness limits margin stability and constrains reinvestment and growth without operational turnarounds.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified operating portfolio
Graham's mix of Kaplan education, local TV, healthcare staffing, manufacturing and auto dealerships creates multiple, distinct cash-flow channels and lowers reliance on any single cyclical market. This reduces single-segment risk and supports steadier consolidated results over months.
Read all positive factors
Graham Holdings (GHC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$4.88B
Dividend Yield0.65%
Average Volume (3M)20.61K
Price to Earnings (P/E)16.3
Beta (1Y)0.82
Revenue Growth2.52%
EPS Growth-59.66%
CountryUS
Employees15,382
SectorConsumer Defensive
Sector Strength42
IndustryEducation & Training Services
Share Statistics
EPS (TTM)6.62
Shares Outstanding3,385,088
10 Day Avg. Volume20,449
30 Day Avg. Volume20,613
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 Cap1.33
Enterprise Value/Revenue1.73
Enterprise Value/Gross Profit5.92
Enterprise Value/Ebitda8.98
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 makes money primarily through (1) operating revenues generated by its controlled subsidiaries and (2) income and gains from its investment holdings. Operating revenue streams include: Education and training (Kaplan): tuition and fe...
Graham Holdings Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
74
Positive
Cash Flow
68
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.75B | 4.91B | 4.79B | 4.41B | 3.92B | 3.19B |
| Gross Profit | 1.10B | 1.36B | 1.47B | 1.31B | 1.27B | 1.07B |
| EBITDA | 722.08M | 740.61M | 1.45B | 665.21M | 504.84M | 719.55M |
| Net Income | 297.50M | 292.29M | 724.63M | 205.29M | 67.08M | 352.07M |
Balance Sheet | ||||||
| Total Assets | 8.18B | 8.40B | 7.68B | 7.19B | 6.55B | 7.43B |
| Cash, Cash Equivalents and Short-Term Investments | 1.11B | 1.36B | 1.12B | 866.92M | 791.73M | 970.33M |
| Total Debt | 1.25B | 1.73B | 1.17B | 1.25B | 1.19B | 1.15B |
| Total Liabilities | 3.38B | 3.53B | 3.35B | 3.12B | 2.78B | 3.00B |
| Stockholders Equity | 4.73B | 4.79B | 4.26B | 3.98B | 3.73B | 4.40B |
Cash Flow | ||||||
| Free Cash Flow | 285.69M | 267.66M | 324.08M | 166.43M | 152.92M | 39.89M |
| Operating Cash Flow | 361.26M | 339.54M | 406.99M | 259.88M | 235.60M | 202.43M |
| Investing Cash Flow | -150.35M | -180.97M | -62.33M | -154.03M | -177.15M | -494.63M |
| Financing Cash Flow | -188.43M | -156.30M | -240.97M | -98.78M | -25.02M | 31.03M |
Graham Holdings Technical Analysis
Positive
1138.66
Price Trends
1077.72
Positive
1098.37
Positive
1066.30
Positive
Market Momentum
16.53
Negative
71.60
Negative
79.89
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 1080.85, above the 50-day MA of 1077.72, and above the 200-day MA of 1066.30, indicating a bullish trend. The MACD of 16.53 indicates Negative momentum. The RSI at 71.60 is Negative, neither overbought nor oversold. The STOCH value of 79.89 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 | $2.13B | 11.89 | 16.30% | 1.88% | 24.20% | 9.66% | |
81 Outperform | $4.13B | 3.81 | 19.89% | ― | 10.93% | 2.97% | |
72 Outperform | $4.59B | 21.44 | 28.22% | ― | 7.07% | -0.27% | |
68 Neutral | $4.22B | 17.67 | 26.41% | ― | 8.64% | -1.04% | |
67 Neutral | $4.88B | 16.28 | 6.53% | 0.65% | 2.52% | -59.66% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% |
* Consumer Defensive Sector Average
GHC
Graham Holdings
1,134.42
194.97
20.75%
PRDO
Perdoceo Education
33.64
3.37
11.15%
LOPE
Grand Canyon Education
163.41
-22.84
-12.26%
LRN
Stride
93.08
-66.47
-41.66%
LAUR
Laureate Education
31.24
8.95
40.15%
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.