Graham Holdings Company (GHC) Stock

Graham Holdings Company (GHC) is a Consumer Discretionary stock trading at $1155.52 (as of 2026-08-20), with a market capitalization of $4.98B and a trailing P/E of 10.6. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Graham Holdings Company, through subsidiaries, operates education and media businesses. It provides education and related services such as test preparation and professional training, and supports Purdue University Global, alongside operating television stations and publishing and digital media including Foreign Policy and Slate.

Understand Graham Holdings Company: how it makes money

Graham Holdings Company operates a diversified education and media business that sells test preparation and professional training services and materials, as well as degrees and related support services, and generates revenue by running these programs through its divisions and subsidiaries.

Earnings are primarily driven by selling education and related training offerings across multiple education-focused lines (the Education Division is the largest segment at about 0.44B of revenue), with additional contributions from Automotive, Healthcare, Manufacturing, and Television Broadcasting.

Revenue by segment (latest quarter)
Education	$0.4B
Auto	$0.3B
Health	$0.2B
Manufacturing	$0.1B
TV	$0.1B
Other	$0.1B

Business quality (Weak): Diversified multi-division revenue base, with a modest reported operating margin of 5.2% for the quarter ended 2025-09-30.

Valuation: At 17× earnings, GHC trades in line with the Personal Services average (17×). Note: one-time items can distort reported P/E.

Bull case

Diversification across major divisions: Revenue is split across Education, Automotive, Healthcare, Manufacturing, Television Broadcasting, and Other, which can reduce reliance on a single business line.
Education is a central profit driver: Education Division Revenue is the largest segment at about 0.44B, aligning with the company’s stated focus on test preparation, training, degrees, and related support services.

Bear case

Modest operating profitability: The latest reported operating margin is 5.2%, which leaves less room for error if revenues soften or operating costs rise.
High exposure to education and training demand: Because a large share of revenue comes from education and training programs (including test preparation and professional certifications), changes in student demand or certification and licensing requirements could impact performance.

Valuation — source: SEC EDGAR (first-party)
Price	$1155.52
Market Cap	$4.98B
P/E Ratio	10.6
EV / EBITDA	17.3
Price / Book	1.04
Price / Sales	1.00
FCF Yield	9.2%
DCF Value (model)	$30.79
DCF Upside vs Price	-97.3%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$4.91B
Net Margin	6.0%
Revenue Growth (YoY)	2.5%
EPS Growth (YoY)	-59.2%
FCF Growth (YoY)	-15.0%

Financial Health — source: SEC EDGAR
Altman Z-Score	3.06 (safe)

Valuation vs Sector & Industry
Stock P/E	10.6
Sector P/E (Consumer Discretionary)	20.5
Industry P/E (Personal Services)	13.9
vs Sector	-48.3%
vs Industry	-23.5%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	BlackRock, Inc. ($439.44M)
Institutional Holders Tracked	10

Company
Sector	Consumer Discretionary
Industry	Personal Services
CEO	Timothy J. O'Shaughnessy
Employees	15,382
Country	US
IPO Date	1947-08-04

Related Companies (Business model: Consumer Subscription Content (Streaming, News, Audio); 8 closest by market cap; US-domiciled)

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.