Graham Holdings Company Common (GHC)
NYSE:GHC
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Graham Holdings
(NYSE:GHC)
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Rating:65Neutral
Price Target:
$1,204.00
▲(5.74% Upside)
Action:Reiterated
Date:05/06/26
The score reflects solid balance-sheet health and positive free cash flow alongside improving margins, offset by a sharp TTM revenue decline and a high P/E that leaves limited valuation cushion. Technicals are moderately supportive, and recent portfolio actions add a modest positive tilt.
Positive Factors
Free cash flow generation
Sustained positive operating and free cash flow provides durable financial flexibility: it supports reinvestment, debt reduction, or shareholder returns without relying on capital markets. Over 2-6 months this underpins operations and strategic options even if revenue is uneven.
Negative Factors
Sharp TTM revenue decline
A steep top-line decline materially reduces the company’s revenue base and limits operating leverage. Over several months this can constrain reinvestment, compress absolute profit dollars, and make performance dependent on cyclical or nonrecurring items.
Read all positive and negative factors
Positive Factors
Negative Factors
Free cash flow generation
Sustained positive operating and free cash flow provides durable financial flexibility: it supports reinvestment, debt reduction, or shareholder returns without relying on capital markets. Over 2-6 months this underpins operations and strategic options even if revenue is uneven.
Read all positive factors
Graham Holdings (GHC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$4.75B
Dividend Yield0.65%
Average Volume (3M)16.70K
Price to Earnings (P/E)39.3
Beta (1Y)0.81
Revenue Growth3.69%
EPS Growth-52.56%
CountryUS
Employees15,382
SectorConsumer Defensive
Sector Strength42
IndustryEducation & Training Services
Share Statistics
EPS (TTM)68.26
Shares Outstanding3,343,083
10 Day Avg. Volume14,676
30 Day Avg. Volume16,705
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 Cap1.23
Enterprise Value/Revenue1.18
Enterprise Value/Gross Profit4.13
Enterprise Value/Ebitda13.56
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 | 4.98B | 4.91B | 4.79B | 4.41B | 3.92B | 3.19B |
| Gross Profit | 1.42B | 1.36B | 1.47B | 1.31B | 1.27B | 1.07B |
| EBITDA | 432.20M | 423.97M | 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
Negative
1138.66
Price Trends
1100.14
Negative
1105.59
Negative
1091.62
Positive
Market Momentum
-2.98
Positive
44.63
Neutral
45.27
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GHC, the sentiment is Negative. The current price of 1138.66 is above the 20-day moving average (MA) of 1122.99, above the 50-day MA of 1100.14, and above the 200-day MA of 1091.62, indicating a neutral trend. The MACD of -2.98 indicates Positive momentum. The RSI at 44.63 is Neutral, neither overbought nor oversold. The STOCH value of 45.27 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
82 Outperform | $2.12B | 10.78 | 17.21% | 1.88% | 17.75% | 15.21% | |
81 Outperform | $3.79B | 10.69 | 19.89% | ― | 10.93% | 2.97% | |
72 Outperform | $4.21B | 15.09 | 29.53% | ― | 7.43% | 0.49% | |
68 Neutral | $4.70B | -57.39 | 25.38% | ― | 13.81% | 1.26% | |
65 Neutral | $4.75B | 39.33 | 6.49% | 0.65% | 3.69% | -52.56% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% |
* Consumer Defensive Sector Average
GHC
Graham Holdings
1,096.21
181.63
19.86%
PRDO
Perdoceo Education
33.78
3.61
11.97%
LOPE
Grand Canyon Education
156.80
-36.61
-18.93%
LRN
Stride
87.65
-66.74
-43.23%
LAUR
Laureate Education
32.97
11.19
51.38%
Graham Holdings Corporate Events
Executive/Board ChangesShareholder Meetings
Graham Holdings Shareholders Endorse Board Slate and Compensation
Positive
May 5, 2026
On May 5, 2026, Graham Holdings Company held its Annual Meeting of Stockholders, where investors elected ten directors for the company’s Class A and Class B common stock, confirming the proposed board slate with strong support across most no...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Graham Holdings Sells Kaplan Languages Group, Refocuses Portfolio
Positive
May 1, 2026
On May 1, 2026, Kaplan, a subsidiary of Graham Holdings, completed the sale of its Kaplan Languages Group business, marking an exit from this segment of its education portfolio. The company preliminarily expects to recognize a U.S. income tax bene...
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.