Graham Holdings Company (GHC) Financial Ratios: P/E, ROE & More

Graham Holdings Company (GHC) Financial Ratios

For fiscal 2025 (fiscal year ended Dec 31, 2025), Graham Holdings Company had a P/E ratio of 16.49 (up from 5.25), return on equity of 6.5% (down from 17.1%), debt-to-equity of 0.30 (up from 0.30) and a current ratio of 1.75 (up from 1.75). A current ratio of 1.75 means current assets exceed current liabilities. Its dividend yield was 0.66% with a payout ratio of 10.7%.

Graham Holdings Company Financial Ratios Analysis

Valuation, profitability, leverage, and liquidity ratios

Income Statement Balance Sheet Cash Flow Ratios

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Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Valuation Ratios
P/E Ratio	16.49	5.25	15.52	43.50	8.92	8.94
Forward P/E	17.66	14.92	14.37	11.03	15.54	20.49
P/S Ratio	0.98	0.79	0.72	0.74	0.98	0.92
P/B Ratio	0.98	0.84	0.78	0.76	0.70	0.70
Price/Tangible Book	1.61	1.49	1.47	1.58	1.32	1.37
Price/FCF	17.41	11.66	19.02	18.97	78.20	18.93
Price/OCF	13.80	9.28	12.18	12.31	15.41	12.68
Enterprise Value Ratios
EV/Revenue	1.02	0.89	0.82	0.86	1.03	1.03
EV/EBITDA	10.24	3.60	8.26	6.22	9.41	8.98
EV/EBIT	13.31	4.03	11.98	8.23	14.96	14.60
EV/FCF	18.13	13.18	21.77	22.10	82.32	21.07
Profitability & Returns
Return on Equity (ROE)	6.48%	17.12%	5.38%	1.71%	8.59%	8.43%
Return on Assets (ROA)	2.92%	8.92%	2.75%	3.67%	1.98%	2.06%
Return on Invested Capital (ROIC)	5.22%	16.23%	4.81%	5.34%	4.09%	4.03%
Return on Capital Employed (ROCE)	5.40%	16.40%	5.10%	7.60%	3.50%	3.70%
Leverage & Solvency Ratios
Debt/Equity	0.30	0.30	0.35	0.33	0.26	0.27
Debt/EBITDA	2.31	1.01	2.46	1.88	2.48	2.21
Debt/FCF	5.34	4.14	8.58	8.24	29.03	7.32
Liquidity Ratios
Current Ratio	1.75	1.75	1.50	1.47	1.58	1.87
Quick Ratio	1.41	1.37	1.14	1.16	1.38	1.65
Efficiency Ratios
Asset Turnover	0.61	0.65	0.64	0.56	0.46	0.47
Inventory Turnover	11.49	11.21	11.84	14.43	16.14	15.84
Yield & Distribution Ratios
Earnings Yield	6.10%	19.18%	6.49%	2.31%	11.29%	11.25%
FCF Yield	5.74%	8.58%	5.26%	5.27%	1.28%	5.28%
Dividend Yield	0.66%	0.79%	0.93%	1.04%	0.95%	1.14%
Payout Ratio	10.73%	4.19%	15.08%	45.79%	8.56%	9.98%
Buyback Yield	0.73%	5.35%	3.76%	2.60%	3.39%	3.53%
Total Return	1.38%	6.14%	4.70%	3.64%	4.34%	4.67%

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Graham Holdings Company Financial Ratios

What is Graham Holdings Company's P/E ratio?

Graham Holdings Company's P/E ratio was 16.49 for fiscal 2025 (period ended Dec 31, 2025). It was 5.25 a year earlier.

What is Graham Holdings Company's return on equity?

Graham Holdings Company's return on equity (ROE) was 6.5% for fiscal 2025 (period ended Dec 31, 2025). It was 17.1% a year earlier.

What is Graham Holdings Company's debt-to-equity ratio?

Graham Holdings Company's debt-to-equity ratio was 0.30 for fiscal 2025 (period ended Dec 31, 2025). It was 0.30 a year earlier.

What is return on equity (ROE)?

Return on equity is net income divided by shareholders' equity. It measures how much profit a company generates from the capital its shareholders have invested. Full definition