GTN-A
Bargain BinGray Media, Inc. · Communication Services · United States · $623M cap · $97K/day traded
$5.87 -2.3% · close 12 Nov · scored 13 Nov
Bargain Bin: Looks like a bargain; the quality and the trend say why it is in the bin.
As of 13 Nov 2026, the MoatMap Score for Gray Media, Inc. (GTN-A) is 24/100, ranked against 25,000+ stocks in 38 markets (Quality 27, Value 68, Momentum 15, each scored against its sector).
Does the score work? Each tenth of the ranking, tracked monthly. See the record →
ABOUT GRAY MEDIA, INC.
Read
Gray Media, Inc., a multimedia company, owns and/or operates local television stations and digital assets in the United States. The company operates through Broadcasting, Production Companies, and Other segments.
FINANCIAL SUMMARY (USD)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3.7B | 3.3B | 3.6B | 3.1B | -5.6% | 3.1B | 3.7B | 3.2B | 1.9% |
| EPS | 41.28 | -13.43 | 34.31 | -14.57 | -8.8% | — | — | — | — |
| Shares | 9.9M | 9.9M | 9.9M | 9.9M | 0.0% | 9.9M | — | — | — |
| Debt | 6.5B | 6.2B | 5.7B | 5.8B | -3.8% | 5.9B | — | — | — |
| Equity | 2.8B | 2.6B | 2.9B | 2.8B | 0.5% | — | — | — | — |
| Op CF | 829.0M | 648.0M | 751.0M | 289.0M | -29.6% | 250.0M | — | — | — |
| Inv CF | -503.0M | -291.0M | -28.0M | -63.0M | — | — | — | — | — |
| Fin CF | -454.0M | -397.0M | -609.0M | 7.0M | — | — | — | — | — |
28% above its 52-week low and back above a rising 50-day average since 11 Nov 2026.
The Momentum score still reads 15: it weighs six months of price and earnings revisions, so it trails a turn like this.
Swung more than 97% of stocks we rank over the past year (volatility 117% a year).
How this is worked out
The Price check reads only the chart, the price side of the Momentum score in words; it is not the MoatMap Score.
- Still falling: It set a new 52-week low in the last two weeks, after a deep fall.
- Finding a floor: It fell hard, but has set no new low for more than two weeks.
- Turning up (this stock): It has climbed off its low and is back above a rising 50-day average.
- In an uptrend: It is near its 52-week high and above its 200-day average.
- No clear trend: None of the above: no recent deep fall and no steady climb.
- No read yet: Not enough price history yet: it needs a year of trading.
In past US falls, waiting for Turning up cut the chance of another 20% drop from 42% to 33%. Returns were no better, and 33% of turns failed.
The exact rules
Still falling is a new 52-week low in the last two weeks, at least 25% below the high, with the low set after the high. Finding a floor is the same fall with no new low in the last two weeks. Turning up is 20 or more trading days without a new low, at least 10% off it, and back above a rising 50-day average. In an uptrend is above the 200-day average, with the 50-day average above the 200-day, and within 15% of the high. No clear trend is everything else. No read yet is under 252 trading days of history, or missing data. A new state shows once it has held for three trading days.
In 2,112 US drawdowns since 2001, buying while the price was still falling was followed by a further 20% drop 42% of the time. Waiting for a turn (the Turning up rule above) cut that to 33%, at about 7% higher prices and with no better returns. Part of that cut is simply not buying: 13% of falls never turned, and waiting kept those out. Among turns that were bought, 38% still fell another 20%, and 33% of turns were followed by a new low within six months. The benefit was largest in crashes such as 2008 and 2020.
What it measures: how much the price moved day to day over the past year, scaled to a yearly figure (annualised volatility) and ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.
What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.
Calm is not safe: a calm stock can still slide steadily.
Rules fixed before any data was fetched. Describes the chart, not a recommendation.
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Communication Services, ranked by industry match, size, and score similarity. Cross-listings of GTN-A are excluded.
| Ticker | Company | Mkt Cap | Score |
|---|---|---|---|
| GTN-A | Gray Media, Inc.(you) | $623M | 24 |
| NMAX | Newsmax, Inc. | $1.0B | 19 |
| IHRT | iHeartMedia, Inc. | $289M | 20 |
| SSP | The E.W. Scripps Company | $200M | 29 |
| FUBO | FuboTV Inc. | $240M | 15 |
| XHLD | TEN Holdings, Inc. | $145M | 12 |
| MDIA | MediaCo Holding Inc. | $92M | 16 |
| SGA | Saga Communications, Inc. | $52M | 24 |
| FLZH | Flash Sports & Media Holdings, Inc. | $74M | 13 |
| SBGI | Sinclair, Inc. | $894M | 72 |
Peer medians: ROE 4.7% · P/E 16.7x · Gross margin 55.9%
Company Deep Dive
A 10,000-word report: the business and its segments, what management promised on earnings calls and whether it delivered, the competition, and how things could turn out.