Graham Holdings Co is a diversified conglomerate whose main businesses are education services (through Kaplan) and TV broadcasting, with smaller operations in healthcare, manufacturing, and automotive dealerships.
Kaplan — the largest revenue driver — sells test prep, English-language programs, and higher education courses to students, schools, and colleges in the US and internationally. The TV broadcasting segment operates local network-affiliated stations that generate advertising and retransmission revenue. The automotive segment runs car dealerships. Revenue comes from tuition and program fees (education), ad sales and carriage fees (TV), and vehicle sales (auto).
Employees19,920IPOSep 2, 2013SIC6719HQ1812 North Moore Street, Arlington, VA, USA, 22209
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Financials (EUR)
Profitability
Metric
Current
Margins
Gross Margin
30.0%
Operating Margin
5.7%
EBITDA Margin
18.4%
Net Margin
10.7%
OCF Margin
6.4%
FCF Margin
4.9%
Returns on Capital
ROE
11.7%
ROA
6.7%
ROIC
3.3%
ROCE
11.6%
ROC (Greenblatt)
79.0%
3Y ROIIC
3.6%
Consistency
Years Profitable / 10Y
10
Valuation
Metric
Current
Earnings Multiples
P/E (TTM)
9.95
Forward P/E
17.52
P/E ex-NRI
9.27
Shiller P/E (CAPE)
15.84
Cash Flow Multiples
P/FCF
21.74
P/OCF
16.49
P/Owner Earnings
8.60
FCF Yield
4.74%
Enterprise Value Multiples
EV / EBIT
7.17
EV / Forward EBIT
—
EV / EBITDA
5.89
EV / Forward EBITDA
—
EV / Revenue
1.08
EV / Forward Revenue
—
Asset / Sales
P/S
1.06
P/B
1.10
P/Tangible Book
1.79
Growth-Adjusted
PEG
0.85
Capital Returns
Metric
Current
Dividends
Dividend Yield (TTM)
0.61%
Forward Dividend Yield
0.62%
3Y Dividend Growth
4.4%
Payout Ratio
0.06
5Y Yield on Cost
0.78%
Buybacks & Dilution
3Y Buyback Ratio
3.10%
Combined
Shareholder Yield
2.22%
Balance Sheet
Metric
Current
Leverage
Debt / Equity
0.28
Gross Debt / EBITDA
1.44
Cash / Debt
0.93
Equity / Assets
0.59
Coverage
Interest Coverage
5.55
Short-Term Liquidity
Current Ratio
1.86
Quick Ratio
1.59
Cash Ratio
1.02
Composite Scores
Piotroski F-Score
4
Altman Z-Score
3.47
Split History
Date
Split
No split history found.
Ex-date
Amount
Pay date
2026-07-16
$1.88
2026-08-06
2026-04-16
$1.88
2026-05-07
2026-02-04
$1.88
2026-02-19
2025-10-16
$1.8
2025-11-06
2025-07-17
$1.8
2025-08-07
2025-04-17
$1.8
2025-05-08
2025-02-03
$1.8
2025-02-20
2024-10-17
$1.72
2024-11-07
2024-07-18
$1.72
2024-08-08
2024-04-17
$1.72
2024-05-09
10 of 45
View allDate
Transcript
Type
2023-12-12
Graham Holdings Co Investor Day Transcript
Analyst/Investor Call
2023-05-04
Graham Holdings Co Annual Shareholders Meeting Transcript
Shareholders and Annual Meetings
2022-12-13
Graham Holdings Co Virtual Investor Day Transcript
Analyst/Investor Call
2022-05-05
Graham Holdings Co Annual Shareholders Meeting Transcript
Shareholders and Annual Meetings
2021-12-09
Graham Holdings Co Virtual Investor Day Transcript
Analyst/Investor Call
2021-05-06
Graham Holdings Co Annual Shareholders Meeting Transcript
Shareholders and Annual Meetings
2020-12-03
Graham Holdings Co Virtual Investor Day Transcript
Analyst/Investor Call
2020-05-07
Graham Holdings Co Annual Shareholders Meeting Transcript
Shareholders and Annual Meetings
2019-05-02
Graham Holdings Co Annual Shareholders Meeting Transcript
Shareholders and Annual Meetings
9 of 9
5-Step DuPont Analysis
ROE %
11.81%
×
×
Net Margin %
10.72%
×
×
Operating Margin %
5.67%
Operating Income
€247M
÷
Revenue
€4.36B
×
Tax Burden
0.7606
Net Income
€467M
÷
Pretax Income
€614M
×
Interest Burden
2.4858
Pretax Income
€614M
÷
Operating Income
€247M
×
Asset Turnover
0.64
÷
Revenue
€4.36B
÷
Average Total Assets
€6.84B
Begin Total Assets
€6.61B
End Total Assets
€7.07B
×
Equity Multiplier
1.73
÷
Avg Total Assets
€6.84B
÷
Avg Stockholders Equity
€3.95B
Begin Equity
€3.77B
End Equity
€4.13B