Graham Holdings Co
GHC—
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Graham Holdings Co AI Insights
Informational only. Not investment advice.Snapshot
- EPS of $148.18 TTM is 38x industry median ($0.47) - exceptional earnings power from diversified operations driving net margin 14.9% vs industry 9.6%[EPS TTM]
- Goodwill of 1.6B is 35% of equity - manageable but 2.2M impairment charge signals ongoing portfolio pruning risk[Goodwill]
- P/E of 7.8x vs industry median 15.1x - trading at 48% discount despite superior profitability metrics[P/E Ratio]
Watch Triggers
- Operating Margin TTM: Falls below 5% — Currently 5.8% - thin margin buffer means small revenue miss creates outsized earnings impact
- Goodwill: Impairment charge exceeds 50M — Would signal material acquisition missteps and reduce tangible book value cushion
- Free Cash Flow TTM: Drops below 250M — FCF funds dividends (31M) and buybacks - decline pressures capital return thesis
Bull Case
Deep value with 7.8x P/E and 7.1% FCF yield while generating 13.5% ROIC - market mispricing diversified conglomerate structure
P/E RatioFree Cash Flow TTMROIC TTM
Conservative balance sheet (0.26 debt/equity, 549M working capital) enables opportunistic buybacks or acquisitions without dilution
Debt to EquityWorking CapitalCash and Equivalents
Bear Case
5Y revenue growth of 12.3% total (2.3% CAGR) trails inflation - organic growth engine stalling despite acquisitions
Total Revenue 5Y GrowthTotal Revenue TTM
Interest expense 167M TTM (47% of operating income) constrains flexibility if rates stay elevated or EBITDA declines
Interest Expense TTMOperating Income TTM
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
60%
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Forward Thesis
Valuation gap narrows as market recognizes consistent FCF generation and capital allocation discipline
1-3ymed
- FCF of 361M TTM (7.4% yield on market cap)
- ROIC 13.5% exceeds industry median 10.8%
- Debt/equity 0.26 provides M&A optionality
P/E 7.8x vs 15.1x industry medianP/B 1.14x near tangible book valueWorking capital positive at 549M
Valuation Context
Caveats
GHC Fundamentals
Educational Services → Educational Services
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$4.93B | — | ||
$6.04B | — | ||
17 | — | ||
$4.98B | +3.7% | — | |
$67.64 | -52.3% | — | |
5.55% | -0.2% | — | |
5.97% | -7.0% | — | |
$293.33M | -21.7% | — | |
6.59% | -8.4% | — | |
Beta 5Y (Monthly) | unknown | — |
GHC Dividend History
103 dividends
2026
$3.760007/16/26$1.8800
02/04/26$1.8800
2025
$7.200010/16/25$1.8000
07/17/25$1.8000
04/17/25$1.8000
02/03/25$1.8000
2024
$6.880010/17/24$1.7200
07/18/24$1.7200
04/17/24$1.7200
01/31/24$1.7200
2023
$6.600010/17/23$1.6500
07/18/23$1.6500
04/19/23$1.6500
02/01/23$1.6500
2022
$6.320010/17/22$1.5800
07/18/22$1.5800
04/19/22$1.5800
02/02/22$1.5800
2021
$6.040010/14/21$1.5100
07/15/21$1.5100
04/15/21$1.5100
02/03/21$1.5100
2020
$5.800010/14/20$1.4500
07/15/20$1.4500
04/15/20$1.4500
02/05/20$1.4500
2019
$5.560010/16/19$1.3900
07/17/19$1.3900
04/17/19$1.3900
02/06/19$1.3900
2018
$5.320010/16/18$1.3300
07/18/18$1.3300
04/18/18$1.3300
02/07/18$1.3300
2017
$5.080010/16/17$1.2700
07/17/17$1.2700
04/11/17$1.2700
01/30/17$1.2700
2016
$4.840010/17/16$1.2100
07/18/16$1.2100
04/13/16$1.2100
01/29/16$1.2100
2015
$9.100010/15/15$1.1500
07/16/15$2.6500
04/13/15$2.6500
01/29/15$2.6500
2014
$10.200010/15/14$2.5500
07/16/14$2.5500
04/15/14$2.5500
01/30/14$2.5500
2012
$19.600012/13/12$9.8000
10/18/12$2.4500
07/19/12$2.4500
04/19/12$2.4500
01/26/12$2.4500
2011
$9.400010/20/11$2.3500
07/21/11$2.3500
04/20/11$2.3500
01/27/11$2.3500
2010
$9.000010/21/10$2.2500
07/22/10$2.2500
04/22/10$2.2500
01/25/10$2.2500
2009
$8.600010/22/09$2.1500
07/23/09$2.1500
04/23/09$2.1500
01/22/09$2.1500
2008
$8.600010/23/08$2.1500
07/24/08$2.1500
04/24/08$2.1500
01/24/08$2.1500
2007
$8.200010/25/07$2.0500
07/26/07$2.0500
04/26/07$2.0500
01/29/07$2.0500
2006
$7.800010/26/06$1.9500
07/27/06$1.9500
04/27/06$1.9500
01/27/06$1.9500
2005
$7.400010/26/05$1.8500
07/27/05$1.8500
04/27/05$1.8500
01/27/05$1.8500
2004
$7.000010/20/04$1.7500
07/21/04$1.7500
04/21/04$1.7500
01/22/04$1.7500
2003
$5.800010/22/03$1.4500
07/23/03$1.4500
04/23/03$1.4500
01/22/03$1.4500
2002
$5.600010/23/02$1.4000
07/24/02$1.4000
04/24/02$1.4000
01/23/02$1.4000
2001
$5.600010/24/01$1.4000
07/25/01$1.4000
04/25/01$1.4000
01/24/01$1.4000
2000
$5.400010/18/00$1.3500
07/19/00$1.3500
04/18/00$1.3500
01/26/00$1.3500
GHC Stock Splits
No stock splits
GHC SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
04/30/26 | 03/31/26 | 10-Q | |
02/25/26 | 12/31/25 | Unknown | |
10/29/25 | 09/30/25 | 10-Q | |
07/30/25 | 06/30/25 | 10-Q | |
04/30/25 | 03/31/25 | 10-Q | |
02/26/25 | 12/31/24 | Unknown | |
10/30/24 | 09/30/24 | 10-Q | |
07/31/24 | 06/30/24 | 10-Q | |
05/01/24 | 03/31/24 | 10-Q | |
02/23/24 | 12/31/23 | 10-K | |
11/01/23 | 09/30/23 | 10-Q | |
08/02/23 | 06/30/23 | 10-Q | |
05/03/23 | 03/31/23 | 10-Q | |
02/24/23 | 12/31/22 | 10-K | |
11/02/22 | 09/30/22 | 10-Q | |
08/03/22 | 06/30/22 | 10-Q | |
05/04/22 | 03/31/22 | 10-Q | |
02/25/22 | 12/31/21 | 10-K | |
11/03/21 | 09/30/21 | 10-Q | |
08/04/21 | 06/30/21 | 10-Q | |
05/05/21 | 03/31/21 | 10-Q | |
02/24/21 | 12/31/20 | 10-K | |
11/04/20 | 09/30/20 | 10-Q | |
08/05/20 | 06/30/20 | 10-Q | |
05/05/20 | 03/31/20 | 10-Q | |
02/26/20 | 12/31/19 | 10-K | |
10/30/19 | 09/30/19 | 10-Q | |
07/31/19 | 06/30/19 | 10-Q | |
05/01/19 | 03/31/19 | 10-Q | |
02/25/19 | 12/31/18 | 10-K | |
10/31/18 | 09/30/18 | 10-Q | |
08/01/18 | 06/30/18 | 10-Q | |
05/02/18 | 03/31/18 | 10-Q | |
02/23/18 | 12/31/17 | 10-K | |
11/01/17 | 09/30/17 | 10-Q | |
08/02/17 | 06/30/17 | 10-Q | |
05/03/17 | 03/31/17 | 10-Q | |
02/24/17 | 12/31/16 | 10-K | |
11/02/16 | 09/30/16 | 10-Q | |
08/03/16 | 06/30/16 | 10-Q | |
05/04/16 | 03/31/16 | 10-Q | |
02/26/16 | 12/31/15 | 10-K | |
11/05/15 | 09/30/15 | 10-Q | |
08/05/15 | 06/30/15 | 10-Q | |
05/11/15 | 03/31/15 | 10-Q | |
02/27/15 | 12/31/14 | 10-K | |
11/05/14 | 09/30/14 | 10-Q | |
08/06/14 | 06/30/14 | 10-Q | |
05/07/14 | 03/31/14 | 10-Q | |
02/28/14 | 12/31/13 | 10-K | |
11/06/13 | 09/30/13 | 10-Q | |
08/07/13 | 06/30/13 | 10-Q | |
05/07/13 | 03/31/13 | 10-Q | |
02/28/13 | 12/31/12 | 10-K | |
11/07/12 | 09/30/12 | 10-Q | |
08/07/12 | 06/30/12 | 10-Q | |
05/09/12 | 03/31/12 | 10-Q | |
02/29/12 | 12/31/11 | 10-K | |
11/09/11 | 10/02/11 | 10-Q | |
08/11/11 | 07/03/11 | 10-Q | |
05/11/11 | 04/03/11 | 10-Q | |
03/02/11 | 01/02/11 | 10-K | |
11/10/10 | 10/03/10 | 10-Q | |
08/11/10 | 07/04/10 | 10-Q | |
05/11/10 | 04/04/10 | 10-Q | |
03/02/10 | 01/03/10 | 10-K | |
11/06/09 | 09/27/09 | 10-Q | |
08/04/09 | 06/28/09 | 10-Q | |
05/06/09 | 03/29/09 | 10-Q | |
02/26/09 | 12/28/08 | 10-K | |
11/05/08 | 09/30/08 | Unknown | -- |
08/06/08 | 06/30/08 | Unknown | -- |
05/07/08 | 03/31/08 | 10-Q | |
02/28/08 | 12/31/07 | Unknown | -- |
11/06/07 | 09/30/07 | 10-Q | |
08/07/07 | 06/30/07 | Unknown | -- |
05/08/07 | 03/30/07 | Unknown | -- |
03/01/07 | 12/31/06 | 10-K | |
11/07/06 | 09/30/06 | Unknown | -- |
08/09/06 | 06/30/06 | Unknown | -- |
05/10/06 | 03/30/06 | Unknown | -- |
03/07/06 | 12/31/05 | 10-K | |
11/08/05 | 09/30/05 | Unknown | -- |
08/10/05 | 06/30/05 | Unknown | -- |
05/10/05 | 03/30/05 | Unknown | -- |
03/04/05 | 12/31/04 | Unknown | -- |
11/02/04 | 09/30/04 | Unknown | -- |
08/03/04 | 06/30/04 | Unknown | -- |
05/03/04 | 03/30/04 | Unknown | -- |
03/10/04 | 12/31/03 | Unknown | -- |
11/04/03 | 09/30/03 | Unknown | -- |
08/04/03 | 06/30/03 | Unknown | -- |
05/14/03 | 03/31/03 | 10-Q | |
03/17/03 | 12/31/02 | Unknown | -- |
11/13/02 | 09/30/02 | Unknown | -- |
08/09/02 | 06/30/02 | 10-Q | |
05/13/02 | 03/30/02 | Unknown | -- |
03/25/02 | 12/31/01 | 4 | |
11/13/01 | 09/30/01 | 10-Q | |
08/14/01 | 06/30/01 | Unknown | -- |
05/15/01 | 03/31/01 | 4 | |
03/23/01 | 12/31/00 | 10-K | |
11/15/00 | 09/30/00 | Unknown | -- |
08/14/00 | 06/30/00 | 4 | |
05/16/00 | 03/30/00 | Unknown | -- |