Latest Ratios: P/E Ratio -33.1x · EV/EBITDA 18.1x · ROE -11.2%. (2011–2024 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $877M | $721M | $321M | $278M | $718M | $443M | $432M | $676M | $890M | $725M | $860M |
| Enterprise Value | $2.1B | $1.9B | $1.5B | $1.6B | $2.1B | $2.1B | $2.2B | $1.1B | $1.2B | $906M | $1.1B |
| P/E Ratio → | -33.11 | — | — | — | — | — | — | 37.32 | — | 22.84 | 12.72 |
| P/S Ratio | 0.35 | 0.29 | 0.12 | 0.09 | 0.22 | 0.13 | 0.23 | 0.44 | 0.66 | 0.58 | 0.72 |
| P/B Ratio | 5.56 | 4.72 | 1.01 | 0.94 | 1.36 | 1.22 | 0.44 | 0.94 | 1.32 | 0.96 | 1.33 |
| P/FCF | 17.27 | 14.20 | 5.69 | — | 8.17 | 21.29 | 37.36 | 6.90 | 8.92 | 8.26 | 8.18 |
| P/OCF | 8.74 | 7.19 | 3.40 | 6.82 | 5.64 | 7.66 | 16.91 | 6.17 | 8.03 | 7.37 | 7.46 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.76 | 0.57 | 0.55 | 0.65 | 0.63 | 1.19 | 0.70 | 0.90 | 0.72 | 0.90 |
| EV / EBITDA | 18.14 | 16.77 | 6.26 | 10.84 | 6.63 | — | 12.22 | 7.47 | 11.07 | 7.01 | 6.25 |
| EV / EBIT | — | 70.39 | 14.35 | 51.16 | 43.38 | — | — | 19.03 | 40.16 | 15.36 | 16.41 |
| EV / FCF | — | 37.46 | 26.84 | — | 23.61 | 103.22 | 191.77 | 10.90 | 12.10 | 10.32 | 10.18 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 38.4% | 38.4% | 36.5% | 36.8% | 40.7% | 40.3% | 36.2% | 43.3% | 44.6% | 44.3% | 45.1% |
| Operating Margin | -1.7% | -1.7% | 3.2% | -1.1% | 3.4% | -13.2% | 3.7% | 3.8% | 2.6% | 4.9% | 8.6% |
| Net Profit Margin | -1.1% | -1.1% | -1.0% | -2.6% | -4.2% | -19.7% | -6.4% | 1.2% | -0.1% | 2.5% | 5.7% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -11.2% | -11.2% | -9.1% | -18.9% | -30.2% | -99.6% | -14.1% | 2.6% | -0.1% | 4.5% | 12.0% |
| ROA | -1.2% | -1.2% | -1.2% | -3.0% | -4.5% | -18.8% | -4.4% | 1.3% | -0.1% | 2.5% | 6.7% |
| ROIC | -2.3% | -2.3% | 4.1% | -1.4% | 4.1% | -13.9% | 2.7% | 4.1% | 2.7% | 5.1% | 10.8% |
| ROCE | -2.7% | -2.7% | 5.0% | -1.7% | 4.8% | -15.8% | 3.1% | 5.1% | 3.1% | 5.7% | 11.8% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 8.43 | 8.43 | 4.08 | 4.83 | 2.81 | 5.16 | 1.97 | 0.61 | 0.53 | 0.47 | 0.55 |
| Debt / EBITDA | 11.35 | 11.35 | 5.34 | 9.61 | 4.75 | — | 10.70 | 3.08 | 3.30 | 2.74 | 2.09 |
| Net Debt / Equity | — | 7.74 | 3.76 | 4.51 | 2.56 | 4.69 | 1.82 | 0.55 | 0.47 | 0.24 | 0.32 |
| Net Debt / EBITDA | 10.41 | 10.41 | 4.93 | 8.97 | 4.33 | — | 9.84 | 2.74 | 2.91 | 1.40 | 1.23 |
| Debt / FCF | — | 23.26 | 21.15 | — | 15.43 | 81.94 | 154.41 | 4.00 | 3.18 | 2.06 | 2.00 |
| Interest Coverage | -0.41 | -0.41 | 0.77 | -0.31 | 0.80 | -1.96 | 1.09 | 1.61 | 1.14 | 2.07 | 3.23 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.78 | 0.78 | 0.83 | 0.82 | 0.87 | 0.86 | 1.08 | 1.20 | 1.29 | 1.89 | 1.89 |
| Quick Ratio | 0.74 | 0.74 | 0.78 | 0.75 | 0.81 | 0.81 | 1.01 | 1.10 | 1.20 | 1.80 | 1.80 |
| Cash Ratio | 0.19 | 0.19 | 0.19 | 0.15 | 0.20 | 0.23 | 0.22 | 0.20 | 0.21 | 0.88 | 0.84 |
| Asset Turnover | — | 1.23 | 1.22 | 1.23 | 1.13 | 1.10 | 0.46 | 1.06 | 1.05 | 0.94 | 1.00 |
| Inventory Turnover | 73.92 | 73.92 | 63.15 | 41.14 | 50.49 | 58.00 | 21.63 | 34.58 | 39.82 | 38.49 | 41.70 |
| Days Sales Outstanding | — | 34.86 | 36.46 | 35.87 | 37.40 | 33.69 | 85.69 | 41.68 | 41.26 | 40.16 | 41.59 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | 21.3% | 12.9% | 8.5% | 8.2% | 6.7% |
| Payout Ratio | — | — | — | — | — | — | — | 479.2% | — | 188.9% | 84.8% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | 2.7% | — | 4.4% | 7.9% |
| FCF Yield | 5.8% | 7.0% | 17.6% | — | 12.2% | 4.7% | 2.7% | 14.5% | 11.2% | 12.1% | 12.2% |
| Buyback Yield | 0.4% | 0.4% | 0.8% | 2.4% | 0.5% | 0.5% | 0.2% | 0.1% | 0.6% | 0.1% | 0.0% |
| Total Shareholder Yield | 0.4% | 0.4% | 0.8% | 2.4% | 0.5% | 0.5% | 21.5% | 13.0% | 9.1% | 8.3% | 6.7% |
| Shares Outstanding | — | $143M | $140M | $137M | $135M | $132M | $68M | $58M | $53M | $45M | $44M |
Unsustainable debt service burden
According to recent market data, GCI trades at a forward P/E of 51.03, a valuation that appears disconnected from its negative net margins and suggests investors are pricing in a high-risk turnaround rather than stable earnings growth compared to the broader communication services sector.
The current EV/EBITDA multiple of 18.14 indicates that the market is assigning a premium to the company's enterprise value that is not supported by its underlying cash generation. This valuation suggests that the market may be attempting to value the Digital Marketing Solutions segment separately, though the consolidated entity's heavy debt load continues to compress the overall valuation multiple.
Based on reported figures, GCI's ROIC has struggled to maintain positive territory, hovering at a marginal 0.7% in 2025Q3, which indicates that the company is failing to generate returns on invested capital that exceed its cost of capital, signaling significant value destruction over the long term.
The persistent decay in ROIC reflects the difficulty of integrating legacy publishing assets with digital growth initiatives. Investors should monitor whether the company's capital allocation strategy continues to prioritize debt reduction, as the current returns are insufficient to justify the existing capital structure.
As reported in financial statements, GCI's cash conversion cycle has fluctuated significantly, reaching 13 days in 2025Q3, which suggests that the company is relying on aggressive management of payables to offset the structural decline in its core publishing revenue streams.
The high DSO of 143 days indicates that the company faces significant challenges in collecting receivables from its SMB advertising clients. This inefficiency in working capital management suggests that the company's liquidity position is more fragile than headline figures might otherwise imply.
Based on recent SEC filings, GCI's debt-to-equity ratio of 5.97x in 2025Q3 highlights a precarious reliance on leverage, which leaves the company highly sensitive to interest rate fluctuations and limits its ability to invest in necessary digital transformation initiatives compared to its peers.
The interest coverage ratio of 0.48 in 2025Q3 is particularly concerning, as it suggests that the company's operating income is insufficient to cover its interest obligations. This level of leverage warrants further investigation into the company's refinancing schedule and potential covenant risks in the coming quarters.
The P/E ratio is frequently misapplied to GCI, as it obscures the company's true economic reality by failing to account for the massive non-cash depreciation and amortization charges inherent in its legacy print-heavy business model, which consistently distort net income figures.
Investors should instead focus on EV/EBITDA or free cash flow yield to better understand the company's operational performance. Relying on P/E multiples in this context leads to an inaccurate assessment of the company's ability to generate sustainable cash flow, as it ignores the capital-intensive nature of the publishing industry.
Includes 30+ ratios · 14 years · Updated daily
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Quick answers to the most common questions about buying GCI stock.
Gannett Co., Inc.'s current P/E ratio is -33.1x. The historical average is 24.3x.
Gannett Co., Inc.'s current EV/EBITDA is 18.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.7x.
Gannett Co., Inc.'s return on equity (ROE) is -11.2%. The historical average is 3.0%.
Based on historical data, Gannett Co., Inc. is trading at a P/E of -33.1x. Compare with industry peers and growth rates for a complete picture.
Gannett Co., Inc. has 38.4% gross margin and -1.7% operating margin.
Gannett Co., Inc.'s Debt/EBITDA ratio is 11.3x, indicating high leverage. A ratio above 4x may signal elevated financial risk.