Graham Holdings Co (GHC) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Graham Holdings Co stock $1,120, price $1,212, that is 7.6% below the price, quality 54 out of 100. Rating: fairly valued. Calculated from audited financials with 12 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range $506.40 – $1,242 · fair‑value band $818.97 – $1,546 · the $1,212 price screens above the $1,120 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
Follow Graham Holdings Co in your weekly email
Every Wednesday you see whether Graham Holdings Co is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Graham Holdings Company, through its subsidiaries, operates as a diversified holding company in the United States and internationally.
Show moreShow less
The company provides academic preparation programs for international students; professional training and postsecondary education services, as well as English-language programs; operations support services for pre-college, certificate, undergraduate and graduate programs; exam preparation services; career and academic advisement services; and operates a sixth-form college that prepares students for A-level examinations.
It also owns and operates television broadcast stations, restaurants, and entertainment venues; and offers social media management tools to connect newsrooms with their users.
In addition, the company offers in-home specialty pharmacy infusion therapies; home health, hospice and palliative services; applied behavior analysis therapy; physician services for allergy, asthma and immunology patients; in-home aesthetics; and healthcare software-as-a-service technology.
Further, it operates as a multi-product supplier to the commercial building industry; manufactures electrical and lifting solutions; and supplies parts used in electric utilities and industrial systems.
Additionally, the company operates dealerships and valet repair services; provides custom framing services; marketing solutions; customer data and analytics software; Slate and Foreign Policy magazines; daily local news podcast and newsletter; a software-as-a-service platform that monetize audio content through paid subscriptions, memberships, and audiobooks; operates an online art gallery and in-person art fair business; and an online commerce platform that features original art and designs on an array of consumer products.
The company was formerly known as The Washington Post Company and changed its name to Graham Holdings Company in November 2013. Graham Holdings Company was founded in 1877 and is based in Arlington, Virginia.
Stock analysis
Graham Holdings Co (GHC) currently trades at $1,212, while our model-based Fair Value estimate is $1,120, so the stock looks roughly fairly valued today (gap 8.3%).
Show more
Valuation
Bull case: the DCF Models group reads highest at a median of $1,339 per share, and 3 of the 12 models we run sit above the $1,212 price.
Bear case: the Asset-Based group reads lowest at $472.31, and 9 of the 12 models stay below the price. Data coverage for this calculation is high.
Scenario range: $818.97 (bear) to $1,546 (bull), the price of $1,212 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 54/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Graham Holdings Co reported revenue of $4.9B in FY2025 versus $3.2B in FY2021, a compound +11.4%/yr. Reported net income was $292M in FY2025, compounding −4.5%/yr from FY2021.
Key figures
Market cap $5.2B Mid · P/E ratio 10.3 · P/S ratio 1.02 · EPS (TTM) $113.64 · Dividend yield 0.6% · Net margin 9.7% · Return on equity 10.7% · Return on assets (EBIT) 1.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (medium confidence).
What moves the price
The share trades about 2% below its 52-week high and 18% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 10% fair-value upside, at −8%, GHC screens richer than that median.
Fair Value models
Bear$818.97Fair Value $1,120Bull$1,546
Price $1,212 · Downside -7.6%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($90.78 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
In the last 6 months, no officer or director bought or sold shares on the open market.
Plus 16 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.79/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+2.5%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.8%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+11.2%
Start year 2020 (pandemic). Over 10 years: +6.6% a year
Revenue growth 40 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+3.9%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+21.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+21.3%
Dividend (yield on the price)0.6%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.1.7% vs −5.2%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.4% → 5%
2025 sits 52% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+5.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +3.1% a year for the price.
News mood ⓘNews mood, the average tone of recent news (99 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
AI conclusion: Diversified operations across several sectors provide some breadth yet low returns and margins signal a weak overall competitive position.
Main risk: A college enrollment cliff would cut demand for the core Kaplan education business and reduce segment revenues.
Graham Holdings runs a diversified set of businesses with education via Kaplan at the core. Admissions officers see the next application cycle staying highly competitive, yet they also flag a coming enrollment cliff for colleges. Will the education segment capture more from today's intensity or face greater pressure from fewer students ahead?
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Conglomerates · 305 stocks
Beats the industry median on 8/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score54 · Above median
Fair Value upside−7.6% · Below median
Profitability
Return on equity (12 months)10.7% · Above median
Return on assets3.5% · Above median
Net margin (12 months)9.7% · Above median
Operating margin (12 months)10.3% · Above median
Growth and dividend
Revenue growth (quarter YoY)3.7% · Below median
Dividend yield (12 months)0.6% · Bottom 25%
Balance sheet
Debt / equity0.15× · Below median
Valuation Multiplesvs Conglomerates median · lower = cheaper
P/E (12 months)10.3× · Cheaper than median
P/B1.09× · Pricier than median
P/S (12 months)1.02× · Pricier than median
Price / free cash flow (fiscal year)19.5× · Pricier than median
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Graham Holdings Co Fair Value". https://www.fairvalue-calculator.com/stock/GHC
Frequently asked questions
Is Graham Holdings Co (GHC) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of $1,120 versus a price of $1,212, about 8% lower (fairly valued).
What is the fair value of GHC?
Our model-based fair value for Graham Holdings Co is $1,120 (as of Nov 8, 2026), built from audited fundamentals. The current price: $1,212.
What is the quality score of GHC?
Graham Holdings Co has a Quality Score of 54/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Graham Holdings Co (GHC)?
Our model-based price target is the fair value of $1,120 (as of Nov 8, 2026) from 12 valuation models. Cautious scenario $818.97, optimistic scenario $1,546. It is a calculation from audited fundamentals, not an analyst target.
What is the Graham Holdings Co stock forecast for 2026?
Our models put fair value at $1,120, about 8% lower versus a price of $1,212 (fairly valued). Cautious scenario $818.97, optimistic scenario $1,546. The calculation is refreshed regularly with new filings.
What is the revenue of Graham Holdings Co (GHC)?
Graham Holdings Co reported trailing-twelve-month revenue of about $5.1B (latest available figure, as of Nov 8, 2026).
Does Graham Holdings Co pay a dividend?
Graham Holdings Co currently shows a dividend yield of 0.61% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Graham Holdings Co (GHC) and when is the ex-dividend date?
Graham Holdings Co pays a dividend of $7.44 per share a year, a dividend yield of 0.6%. The last ex-dividend date was Oct 15, 2026. A dividend has been paid every year since 2014. The payout ratio is 8.5% of earnings (on adjusted earnings, reported 6.5%). Free cash flow covers the dividend 11.23 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Graham Holdings Co (GHC)?
For today's price to be fair in a discounted-cash-flow model, Graham Holdings Co would have to grow free cash flow by +5.5 % per year for five years (discount rate 9.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +11.2 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of GHC use?
Our models discount Graham Holdings Co at 9.0 %: a base by market capitalisation (mid), damped by beta 0.70, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Graham Holdings Co that is +5.5 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.0 %) and the same formula as our fair value.
How much growth has Graham Holdings Co (GHC) delivered so far?
Over the past 5 years revenue at Graham Holdings Co grew +11.2 % a year. The price currently implies free-cash-flow growth of +5.5 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Graham Holdings Co (GHC) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into Graham Holdings Co (+5.5 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Graham Holdings Co (GHC)?
The free-cash-flow yield on the price is 5.13 %: that much free cash flow Graham Holdings Co produces per unit of market value. When it exceeds the discount rate of our models (9.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Graham Holdings Co (GHC)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Graham Holdings Co it is $1,120 per share (as of Nov 8, 2026), against a price of $1,212. It is the blended result of 12 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Graham Holdings Co stock overvalued or undervalued in 2026?
As of Nov 8, 2026, GHC trades above its calculated fair value: price $1,212, fair value $1,120, a gap of about −8% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of GHC?
No. The price is what the market pays today ($1,212); the fair value is what the company's own numbers justify ($1,120). For Graham Holdings Co the two are $92.45 per share apart. That gap is exactly why we show both numbers side by side.
How much is Graham Holdings Co worth?
The market values Graham Holdings Co at about $5.2B (market capitalisation, as of Nov 8, 2026). Per share that is $1,212; our models calculate a fair value of $1,120 per share.
What do the bullish and bearish scenarios say about GHC?
Our models span a range for Graham Holdings Co: cautious scenario $818.97, base $1,120, optimistic $1,546 per share (as of Nov 8, 2026, price $1,212). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of GHC?
Graham Holdings Co trades at a price-to-earnings ratio of 10.3 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $1,120 is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 23.5 (reported for FY2025: 18.2). Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, FY2025 ex one-offs: 11.5. Other multiples: PEG 4.0, P/B 1.1, P/S 1.0, EV/EBITDA 8.2.
What is the PEG ratio of GHC?
The PEG ratio of Graham Holdings Co is 4.04 (P/E divided by earnings growth, as of Nov 8, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Graham Holdings Co (GHC)?
Balance-sheet figures for Graham Holdings Co (as of Nov 8, 2026): return on equity 10.7%, debt of 0.15 per unit of equity. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is GHC from its 52-week high?
Graham Holdings Co trades at $1,212, about 2% below its 52-week high of $1,242 and 18% above the low of $1,031 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $1,120 is for.
Which stocks are comparable to Graham Holdings Co?
From the same area (Industrials) we also value 3M Company, Honeywell International Inc, Swire Pacific Limited, SGH Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Graham Holdings Co stock attractive at the current price?
The data as of Nov 8, 2026: price $1,212, calculated fair value $1,120 (−8%), Quality Score 54/100, from 12 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of GHC calculated?
We run Graham Holdings Co through 12 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of $1,120 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Graham Holdings Co itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Graham Holdings Co (GHC)?
The closing price on Nov 6, 2026 was $1,212. Our model-based fair value is $1,120, about 8% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Graham Holdings Co right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range ($818.97 to $1,546) leaves room in how you read the outcome.
Where does the earnings growth of Graham Holdings Co (GHC) come from?
Earnings per share at Graham Holdings Co grew −3.1 % a year from 2014 to 2025. Broken into its drivers: revenue per share +10.5 %, EBIT margin −8.8 %, tax rate −0.8 %, residual (interest, one-offs) −3.0 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Graham Holdings Co
How large is the market capitalisation of Graham Holdings Co (GHC)?
The market capitalisation of Graham Holdings Co is $5.2B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Graham Holdings Co (GHC)?
The price-to-sales ratio of Graham Holdings Co is 1.02 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Graham Holdings Co (GHC)?
Earnings per share at Graham Holdings Co are $113.64 (price ÷ EPS = P/E 10.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Graham Holdings Co (GHC)?
The dividend yield of Graham Holdings Co is 0.6% (payout 8.5%, on adjusted earnings, reported 6.5%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Graham Holdings Co (GHC)?
The net margin of Graham Holdings Co is 9.7% (last twelve months), excl. one-off gain FY2025 4.6%. How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Graham Holdings Co (GHC)?
The return on equity (ROE) of Graham Holdings Co is 10.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Graham Holdings Co (GHC)?
On an EBIT basis the return on assets of Graham Holdings Co is 1.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Graham Holdings Co (GHC)?
The operating margin of Graham Holdings Co is 10.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Graham Holdings Co (GHC)?
Revenue at Graham Holdings Co is growing +3.7% versus a year earlier (3y avg +7.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Graham Holdings Co (GHC)?
Earnings per share at Graham Holdings Co are growing −36.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Graham Holdings Co (GHC) carry?
The net debt of Graham Holdings Co is $1.5B (fiscal year 2025, ≈ 5.5 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Graham Holdings Co in the live analysis
One click puts Graham Holdings Co on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Broad data
Nov 8, 2026