Graham Holdings Company (GHC) — Fundamental Analysis & Key Financial Ratios

As of , Kaplio rates Graham (GHC) fairly priced: it trades at 10.3 times earnings, 5 % below its ten-year median (10.8) and 60 % below its sector's (25.9). Its results are mixed (earnings per share are down 59 %) and the dividend is solid.

“Cheap” or “expensive” is measured against its own history and its sector; it is not an estimate of its value or a recommendation.

Educational analysis with public data, not a recommendation. How it is calculated →

See the 35 cheap companies in Industrials

Graham Holdings Company (GHC) — Price $1,168.51 (closing price, October 30, 2026) — Industrials — Conglomerates — NYSE

Latest reported results:

Graham Holdings Company (GHC) is a publicly traded company in the Industrials — Conglomerates industry listed on NYSE. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.

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 training in data science, and professional development courses along with exam preparation for various certifications and licensures.

Is Graham Holdings Company stock overvalued or undervalued in 2026?

Graham Holdings Company (GHC) trades at 10.3× earnings (P/E), below the median of the 298 industrials companies over $2bn in Kaplio's universe. At the decade median (10.8×) $1,229 (+5 %); at its sector median (25.9×) $2,941 (+152 %).

Kaplio overview: Graham Holdings Company

Market cap $5B · 52 weeks $1,012 – $1,240 (6 % below the high) · P/E 10.3× · 2027 est. P/E 17.3× · Dividend 0.64 % · 9 years rising · Next earnings February 19, 2027 · expected EPS $22.40 · Closing price, Oct 30 · accounts published Oct 29.

What would it be worth at its usual multiples?

At the decade median (10.8×) $1,229 (+5 %); at its sector median (25.9×) $2,941 (+152 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.

Why is Graham Holdings Company's P/E so low?

Graham Holdings Company trades at a P/E of 10.3× on reported earnings, but over the last 12 months 51 % of its pre-tax income ($323M) came from outside the business, such as revaluations or sales of stakes in other companies. It is real money, but it doesn't repeat every year. Without that part, its P/E would be about 21.4×. Kaplio's calculation from the official quarterly accounts filed up to the quarter ended September 30, 2026.

Quarter endedFrom the businessOutside the businessNet income
December 31, 2025$60.5M$112M$109M
March 31, 2026$76.9M−$36.2M$29.1M
June 30, 2026$83.6M$234M$281M
September 30, 2026$85.5M$13.6M$75.1M

Other companies with an inflated P/E

What matters in industrials: 6 of 10 pass

Against its peers (reference peers) — Graham Holdings Company: P/E 10.3×; EV/EBITDA 7.5×; ROIC 3.4 %; $4.9B. PriceSmart, Inc. (P/E 30.7×; EV/EBITDA 14.9×; ROIC 10.5 %; $5.1B), Laureate Education, Inc. (P/E 12.3×; EV/EBITDA 8.1×; ROIC 18.9 %; $4.5B), Grand Canyon Education, Inc. (P/E 17.9×; EV/EBITDA 11.5×; ROIC 29.7 %; $3.9B).

Expensive or cheap against its last ten years?

P/E at each close: today 10.3× · median 10.8× · minimum 5.1× · maximum 22.2× · cheap below 9.8× · expensive above 17.6×. It has been cheaper than today only 40% of the time over its last ten years.

Dividend

solid · Yield 0.64 % ($7.24 per share in 2025) · Years raising it 9 · 5-year growth +4 % a year · Free cash flow coverage 8.2× · With $1,000 invested today you'd collect $6.40 a year ($0.53 a month).

Analysis: · Data: official filings, via a data provider · Updated

Profitability

Return on Equity10.36%
Return on Invested Capital3.35%
Return on Assets5.96%
Gross Margin29.47%
Operating Margin5.99%
Net Margin9.66%

Financial Health

Debt / Equity0.29
Current Ratio1.76
Piotroski F-Score5
Altman Z-Score3.02

Price Performance

1 month+1.64%
3 months-3.45%
Year-to-date+6.36%
1 year+15.45%
3 years+87.70%
5 years+92.88%
10 years+163.74%

Dividend History

Paid in the last 12 months: $7.52 per share in 4 payments.

DateAmount
October 15, 2026$1.88
July 16, 2026$1.88
April 16, 2026$1.88
February 4, 2026$1.88
October 16, 2025$1.80
July 17, 2025$1.80
April 17, 2025$1.80
February 3, 2025$1.80
October 17, 2024$1.72
July 18, 2024$1.72

Amounts adjusted for stock splits.

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Explore sector: Industrials · Conglomerates

More sections of GHC: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events

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