Gray Media, Inc. (GTN) Fair Value 2026

GTN · Broadcasting ·

By CirclFi Research Team · Data from SEC EDGAR, FRED & GDELT

Quality Score

6.6 /10

32 fundamental signals · 3 models active

Value Trap Risk

WARN (40/100)

Quick Summary — As of 2026-08-27, Gray Media, Inc. (GTN) trades at $4.79, versus a $5.72 median fair value across its 3 active models — 19.5% above the current price. QOC: 6.6/10. Value Trap Risk: 40/100 (WARN). 3/13 models active.

Key Facts

Ticker
GTN
Price
$4.79
Quality Score
6.6/10
Value Trap Risk
40/100
Models Active
3/13
Last Updated
Strength: FTNN Topology suggests +106.3% upside with 8% confidence
Risk: Value Trap score of 40 suggests caution despite apparent undervaluation

Is Gray Media, Inc. (GTN) Undervalued or Overvalued in 2026?

According to CirclFi’s 3-model valuation engine, Gray Media, Inc. (GTN) appears undervalued as of : the median of 3 independent fair value estimates is $5.72, 19.5% above the current price of $4.79. Estimates range from $5.72 to $9.88. GTN scores 6.6/10 on fundamental quality and 40/100 on value-trap risk.

For context, the median US equity CirclFi rates trades at an implied -23.7% versus its own 13-model consensus, across 3,801 rated companies as of 2026-08-27. GTN’s +19.5% gap is narrower than that market norm. Full market index →

This verdict compares price to intrinsic value only — it is not a buy or sell rating. For the decision case (bull vs bear arguments, risk factors, peers), read Should You Buy Gray Media, Inc. Stock in 2026? →

What Fair Value Does Each Model Give GTN?

3 Intrinsic Value Models vs. Current Price ($4.79)

Core Models (Unlocked)
Model Fair Value Upside
Intrinsic · High Conviction
 $5.72 +19.5%
Hybrid · Medium Conviction
 $5.72 +19.5%
Relative · Low Conviction
 $9.88 +106.3%

All Models Active

All 3 models are displayed above.

What Is GTN's Fair Value Range?

Spread across 3 independent models · $5.72 to $9.88

CirclFi's 3 active models place Gray Media, Inc. (GTN) between $5.72 and $9.88 per share, a spread of 73% of the median. The median of that range — $5.72 — is the fair value CirclFi publishes for GTN, against a current price of $4.79.

Low · ML-RIVHigh · FTNN
$5.72median $5.72$9.88
Where the range comes from
Most bearish modelML Residual Income$5.72
Most bullish modelFTNN Topology$9.88
Model agreement3 bullish · 0 bearishmoderate

A band of this width is typical. The methods agree on direction but weight growth, reinvestment and risk differently, so treat the median as a centre of gravity rather than a precise target.

Every figure above is one model's standalone output on GTN, not a CirclFi price target. How each model works →

What Is Gray Media, Inc. (GTN) Worth in 2026?

According to the CirclFi Deep Alpha Valuation Engine, Gray Media, Inc. is potentially undervalued at its current price of $4.79. Based on our 13-model framework, Gray Media, Inc.'s intrinsic value is estimated at a median fair value of $5.72 — representing +19.5% implied upside — with 3 out of 3 active models confirming this thesis. Model dispersion is worth noting: FTNN targets $9.88 (+106.3%), versus ML-RIV at $5.72 (+19.5%). This +86.9% range highlights the importance of multi-model analysis rather than relying on any single methodology.

What Do the Models Say About GTN?

3 of 13 models are currently active for GTN. All 3 active models suggest the stock trades below fair value. Taken together, their median fair value for GTN is $5.72 — the figure CirclFi publishes as this stock's fair value. See which stocks rank higher →

How Does GTN Rank in Broadcasting?

Among 18 Broadcasting stocks, GTN ranks #3 by Quality of Company score. CirclFi's QOC score of 6.6/10 evaluates 32 fundamental signals. A score of 6.6 indicates above-average quality.

As a media and communications company, Gray Media, Inc. operates in a sector where average revenue per user (ARPU) is a critical driver of valuation. Investors evaluating GTN should weigh these sector-specific dynamics alongside our model-derived fair values.

Is GTN a Value Trap?

CirclFi's Value Trap algorithm assigns GTN a score of 40/100 (WARN). This is a warning signal. Additional research into recent 10-Q filings is recommended. The score cross-references apparent undervaluation against fundamental deterioration signals. Browse lowest value-trap stocks →

Multi-Model Methodology

3 of 13 models are active for Gray Media, Inc.. Limited activation may indicate insufficient history. Each model applies a fundamentally different valuation philosophy. See the complete methodology →

According to the CirclFi Quality of Company (QOC) framework, which evaluates 32 signals including margin stability, revenue growth trajectory, leverage, and free cash flow generation, Gray Media, Inc. is rated at 6.6/10. This solid-tier score maintains reasonable quality metrics with some areas for improvement.

The gap between the most bullish and bearish model spans +86.9% — demonstrating why single-model analysis is dangerous. Browse all stocks with 13-model coverage →

Data Sources & Confidence

Every GTN valuation is built from SEC EDGAR XBRL filings — 700+ standardized financial tags. Macroeconomic context from FRED calibrates discount rates, while GDELT news sentiment feeds into our Sentiment SOTP model. All pipelines run daily. Read the complete data methodology →

Across GTN's 3 active models, average confidence is 35%. Lower confidence may reflect limited history or high volatility.

CirclFi's output is a research starting point, not a buy/sell signal. All data updates daily. Read the full methodology →

This analysis is produced by the CirclFi Valuation Engine using quantitative models applied to SEC EDGAR filings, public market feeds, and FRED macroeconomic indicators. It is not financial advice.

Read the full investment analysis: Should You Buy Gray Media, Inc. Stock in 2026? →

Bull case, bear case, risk factors & peer comparison — updated daily

Which Similar Broadcasting Stocks Should You Also Analyze?

9 related Broadcasting stocks with 13-model coverage

SGASaga Communications, Inc.QOC 6.8CURICuriosityStream Inc.QOC 6.6NXSTNexstar Media Group, Inc.QOC 7.2IHRTiHeartMedia, Inc.QOC 6.2CASTFreeCast, Inc.QOC 3.3SSPThe E.W. Scripps CompanyQOC 6.2SALMSalem Media Group IncQOC 6.1BBGIBeasley Broadcast Group, Inc.QOC 5.0UONEUrban One, Inc.QOC 4.8

Read investment analysis: SGA · CURI · NXST · IHRT · CAST · SSP · SALM · BBGI · UONE

Which Other Stocks Have a Similar Quality Score to GTN?

7 companies across all industries closest to GTN’s Quality of Company score of 6.6/10.

CVLGCovenant Logistics Group, Inc.QOC 6.6NEONeoGenomics, Inc.QOC 6.6CLARClarus CorporationQOC 6.6NCDLNuveen Churchill Direct Lending Corp.QOC 6.6KOSKosmos Energy Ltd.QOC 6.6ABCLAbCellera Biologics Inc.QOC 6.6NVDANVIDIA CorporationQOC 10.0

Read investment analysis: CVLG · NEO · CLAR · NCDL · KOS · ABCL · NVDA

What Else Do Investors Ask About Gray Media, Inc.’s Valuation?

What is Gray Media, Inc.'s intrinsic value in 2026?

CirclFi puts Gray Media, Inc. (GTN)'s intrinsic value at $5.72 — the median of 3 independent model estimates as of 2026-08-27, ranging from $5.72 to $9.88. The Quality of Company score is 6.6/10 across 32 fundamental signals. All models use SEC EDGAR filings updated daily. See our methodology page for how each model works.

Is GTN overvalued or undervalued right now?

At $4.79, 3 of 3 active models suggest GTN may be undervalued, while 0 indicate potential overvaluation. The median of all 3 fair value estimates is $5.72, 19.5% above the current price of $4.79 — a consensus view that GTN is undervalued. The assessment depends on which methodology best fits Gray Media, Inc.'s business model in Broadcasting.

What does a Quality of Company score of 6.6 mean for GTN?

Gray Media, Inc.'s QOC of 6.6/10 reflects 32 fundamental signals: profitability margins, revenue growth consistency, balance sheet leverage, free cash flow generation, and capital allocation efficiency. Scores between 5-7 reflect moderate fundamentals with areas for improvement.

How many valuation models does CirclFi run on GTN?

CirclFi analyzes GTN with 13 institutional-grade models daily: Bayesian DCF (Monte Carlo + jump-diffusion), EPV (Greenwald zero-growth), EROIC Spread (McKinsey reinvestment), First Chicago (3-scenario), Markov DDM (regime-switching), ML-RIV (machine learning residual income), Dynamic NAV (asset-based), PWERM (option-theoretic), Regime Cross-Sectional (relative), Sentiment SOTP (hybrid), CUCE Ensemble (meta-model), FTNN Topology (neural network), and RCMH-DCF (conditional regime). Currently 3 of 13 are active for this stock. Read the full methodology →

Which valuation models are most bullish and most bearish on GTN?

Of the 3 models currently active on GTN, FTNN Topology is the most bullish at $9.88 per share, and ML Residual Income is the most bearish at $5.72. CirclFi's published fair value for GTN is the median of that range, $5.72, not either extreme. The gap between the two ends equals 73% of the median — a normal spread for a company of this profile. Browse stocks by value-trap risk →

Is GTN a value trap in 2026?

Gray Media, Inc.'s Value Trap score is 40/100 (WARN). This elevated score suggests the stock may look undervalued but faces deteriorating fundamentals — declining margins, rising debt, or shrinking revenue could make the apparent discount deceptive. Browse our ranked stock lists to compare value-trap scores across industries.

Cite this analysis — “According to CirclFi’s 3-model valuation engine, Gray Media, Inc. (GTN) has a median fair value of $5.72 — 19.5% above the current price of $4.79 — as of 2026-08-27.” Source: circlfi.com/stock/GTN/ · Methodology
Primary sources for this GTN valuation
  • Financial statements: Gray Media, Inc. 10-K and 10-Q filings on SEC EDGAR (CIK 0000043196) — 700+ standardized XBRL tags, published by the U.S. Securities and Exchange Commission.
  • Discount-rate inputs: FRED, Federal Reserve Bank of St. Louis — risk-free rates, VIX, yield curve, inflation.
  • News sentiment: The GDELT Project — global media tone, input to the Sentiment SOTP model.
  • Model definitions: CirclFi methodology — the published specification for all 13 models, including the academic sources each one implements.

Market data for GTN as of ; valuations recomputed .