Emmis Communications Corp (EMMS) Fair Value & Analysis

Communication Services · US · Market cap $26.8M · ISIN US2915254005

A solid business, trading 30% below our fair value.

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

What matters now

• The price is below even our cautious bear case ($1.71). The market is more pessimistic than our downside scenario.
• Solid quality (66/100) at a price below fair value, the discount is the argument here, not the business quality.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range $0.7194 – $5.25 · fair‑value band $1.71 – $2.86 · the $1.60 price screens below the $2.29 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Emmis Communications Corp (EMMS) currently trades at $1.60, while our model-based Fair Value estimate is $2.29, implying the stock looks roughly 42.9% undervalued today. The Quality Score stands at 66/100 (solid quality), in the Communication Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Trailing-twelve-month revenue stands at $39.7M. Revenue grew 15.9% year over year. It earns a return on equity of -22.7%. The balance sheet holds a net cash position of $27.6M. Fundamentals as of Aug 13, 2026

Our scenario range runs from $1.71 (bear case) to $2.86 (bull case); at $1.60, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 66% below its 52-week high and 60% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at 20% fair-value upside, at 43%, EMMS screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Widest divergence: Growth Earnings ($69.00) versus Dividend Discount ($3.22). Highest evidence: Gordon GGM (69).

Key figures & financial health

Quality Score breakdown

About the company

Emmis Corporation, a diversified media company, engages in radio broadcasting activities in the United States. The company operates through two segments, Radio and Publishing. It operates 4 FM and 2 AM radio stations in New York and Indianapolis, as well as publishes Indianapolis Monthly magazine.

Full company description

Emmis Corporation, a diversified media company, engages in radio broadcasting activities in the United States. The company operates through two segments, Radio and Publishing. It operates 4 FM and 2 AM radio stations in New York and Indianapolis, as well as publishes Indianapolis Monthly magazine. The company also offers dynamic pricing consulting services; and sound masking solutions for offices and other commercial applications. The company was formerly known as Emmis Communications Corporation and changed its name to Emmis Corporation in August 2022. Emmis Corporation was founded in 1980 and is headquartered in Indianapolis, Indiana.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2016 – FY2020 · reported fiscal years

Emmis Communications Corp reported revenue of $39.7M in FY2020 versus $231M in FY2016, a compound −35.6%/yr. Reported net income was $50.5M in FY2020, compounding +121.1%/yr from FY2016. FY2016 was a trough year, so the rate overstates the trend.

Watch EMMS: get an alert when its fair value changes →

Peer Group

Broadcasting · 72 stocks

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.

Valuation Multiples vs Broadcasting median · lower = cheaper

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Similar stocks

10 more Broadcasting stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Explore undervalued stocks

More undervalued Communication Services stocks →

Discover undervalued stocks

Pick a strategy and jump into the live analysis with that exact screen applied.

Discover tools

Frequently asked questions

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.