TEGNA Inc. (TGNA) Financial Ratios
30 years of historical data (1996–2025) · Communication Services · Broadcasting
EV/EBITDA
↑
11.33
↑+45% vs avg
5yr avg: 7.80
30Y Low3.2·High11.8
P/FCF
↑
11.42
↑+51% vs avg
5yr avg: 7.54
30Y Low1.1·High57.1
P/B Ratio
↓
1.03
↓-19% vs avg
5yr avg: 1.27
30Y Low0.4·High2.6
ROE
↓
7.1%
↑-59% vs avg
5yr avg: 17.5%
30Y Low-35%·High37%
Debt/EBITDA
↑
4.82
↑+31% vs avg
5yr avg: 3.69
30Y Low0.7·High6.4
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
TGNA Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
TEGNA Inc. trades at 14.9x earnings, 75% above its 5-year average of 8.5x, sitting at the 100th percentile of its historical range. This is roughly in line with the Communication Services sector median P/E of 15.3x. On a free-cash-flow basis, the stock trades at 11.4x P/FCF, 51% above the 5-year average of 7.5x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.2B | $3.2B | $3.1B | $3.2B | $4.8B | $4.1B | $3.1B | $3.6B | $2.4B | $3.1B | $3.0B |
| Enterprise Value | $6.1B | $6.1B | $5.5B | $6.0B | $7.4B | $7.4B | $6.7B | $7.9B | $5.2B | $6.0B | $7.0B |
| P/E Ratio → | 14.95 | 14.49 | 5.18 | 6.71 | 7.54 | 8.67 | 6.37 | 12.74 | 5.88 | 6.83 | 6.79 |
| P/S Ratio | 1.19 | 1.17 | 1.00 | 1.09 | 1.45 | 1.38 | 1.04 | 1.58 | 1.07 | 1.61 | 0.90 |
| P/B Ratio | 1.03 | 1.00 | 1.02 | 1.17 | 1.54 | 1.63 | 1.48 | 2.29 | 0.36 | 0.51 | 1.16 |
| P/FCF | 11.42 | 11.18 | 4.89 | 5.97 | 6.25 | 9.42 | 4.04 | 17.40 | 5.10 | 9.90 | 5.12 |
| P/OCF | 9.90 | 9.69 | 4.52 | 5.42 | 5.86 | 8.23 | 3.81 | 12.23 | 4.47 | 7.93 | 4.41 |
P/E links to full P/E history page with 30-year chart
TGNA EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
TEGNA Inc.'s enterprise value stands at 11.3x EBITDA, 45% above its 5-year average of 7.8x. The Communication Services sector median is 9.6x, placing the stock at a 18% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.23 | 1.79 | 2.05 | 2.25 | 2.47 | 2.27 | 3.43 | 2.34 | 3.14 | 2.09 |
| EV / EBITDA | 11.33 | 11.21 | 6.17 | 7.06 | 6.63 | 7.95 | 6.64 | 11.79 | 6.58 | 9.59 | 5.93 |
| EV / EBIT | 13.81 | 13.54 | 5.88 | 7.67 | 7.31 | 9.25 | 7.71 | 14.35 | 7.47 | 11.46 | 10.24 |
| EV / FCF | — | 21.42 | 8.76 | 11.23 | 9.68 | 16.86 | 8.79 | 37.75 | 11.18 | 19.30 | 11.86 |
TGNA Profitability
Margins and return-on-capital ratios measuring operating efficiency
TEGNA Inc. earns an operating margin of 16.3%, above the Communication Services sector average of 1.6%. Operating margins have compressed from 25.2% to 16.3% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 7.1% is modest. ROIC of 5.8% represents adequate returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 36.2% | 36.2% | 43.4% | 41.0% | 48.4% | 46.5% | 48.8% | 46.6% | 51.7% | 50.9% | 68.9% |
| Operating Margin | 16.3% | 16.3% | 25.3% | 25.2% | 30.2% | 26.8% | 29.6% | 24.3% | 31.6% | 28.7% | 29.1% |
| Net Profit Margin | 8.1% | 8.1% | 19.3% | 16.4% | 19.2% | 15.9% | 16.4% | 12.4% | 18.2% | 23.5% | 13.3% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 7.1% | 7.1% | 20.9% | 16.4% | 22.4% | 20.7% | 26.4% | 7.0% | 6.4% | 10.5% | 17.5% |
| ROA | 3.1% | 3.1% | 8.4% | 6.7% | 8.9% | 6.9% | 7.0% | 4.7% | 7.8% | 6.6% | 5.2% |
| ROIC | 5.8% | 5.8% | 10.7% | 9.8% | 12.9% | 10.5% | 11.3% | 5.5% | 5.7% | 5.3% | 11.1% |
| ROCE | 6.7% | 6.7% | 11.7% | 10.9% | 14.7% | 12.4% | 13.4% | 9.7% | 14.6% | 8.7% | 12.3% |
TGNA Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
TEGNA Inc. carries a Debt/EBITDA ratio of 4.8x, which is highly leveraged (33% above the sector average of 3.6x). Net debt stands at $2.9B ($2.6B total debt minus $-291240000 cash). Interest coverage of just 2.8x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.82 | 0.82 | 1.04 | 1.16 | 1.02 | 1.31 | 1.76 | 2.69 | 0.44 | 0.50 | 1.56 |
| Debt / EBITDA | 4.82 | 4.82 | 3.50 | 3.73 | 2.84 | 3.57 | 3.63 | 6.40 | 3.75 | 4.83 | 3.44 |
| Net Debt / Equity | — | 0.92 | 0.81 | 1.03 | 0.84 | 1.29 | 1.74 | 2.68 | 0.42 | 0.49 | 1.53 |
| Net Debt / EBITDA | 5.36 | 5.36 | 2.72 | 3.30 | 2.35 | 3.51 | 3.59 | 6.36 | 3.58 | 4.67 | 3.37 |
| Debt / FCF | — | 10.24 | 3.87 | 5.25 | 3.43 | 7.44 | 4.75 | 20.35 | 6.08 | 9.40 | 6.74 |
| Interest Coverage | 2.80 | 2.80 | 4.64 | 4.24 | 5.69 | 4.32 | 4.14 | 2.72 | 3.64 | 2.60 | 4.19 |
TGNA Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
TEGNA Inc.'s current ratio of 2.28x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has declined from 2.48x to 2.28x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.28 | 2.28 | 2.92 | 2.48 | 3.33 | 2.10 | 1.59 | 1.96 | 1.72 | 1.96 | 1.28 |
| Quick Ratio | 2.28 | 2.28 | 2.92 | 2.48 | 3.33 | 2.10 | 1.59 | 1.96 | 1.67 | 1.77 | 1.28 |
| Cash Ratio | -0.68 | -0.68 | 1.49 | 0.85 | 1.41 | 0.15 | 0.10 | 0.08 | 0.37 | 0.30 | 0.12 |
| Asset Turnover | — | 0.39 | 0.42 | 0.42 | 0.45 | 0.43 | 0.43 | 0.33 | 0.42 | 0.38 | 0.39 |
| Inventory Turnover | — | — | — | — | — | — | — | — | 60.10 | 15.29 | — |
| Days Sales Outstanding | — | 84.34 | 72.49 | 79.46 | 74.78 | 80.27 | 70.17 | 95.46 | 73.81 | 84.26 | 44.44 |
TGNA Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
TEGNA Inc. returns 3.3% to shareholders annually — split between a 2.5% dividend yield and 0.8% buyback yield. The payout ratio of 36.6% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 6.7% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 2.5% | 2.5% | 2.6% | 2.6% | 1.8% | 1.9% | 2.5% | 1.7% | 2.6% | 2.9% | 4.0% |
| Payout Ratio | 36.6% | 36.6% | 13.6% | 17.5% | 13.4% | 16.4% | 15.8% | 21.2% | 15.0% | 20.1% | 27.4% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.7% | 6.9% | 19.3% | 14.9% | 13.3% | 11.5% | 15.7% | 7.8% | 17.0% | 14.6% | 14.7% |
| FCF Yield | 8.8% | 8.9% | 20.4% | 16.7% | 16.0% | 10.6% | 24.8% | 5.7% | 19.6% | 10.1% | 19.5% |
| Buyback Yield | 0.8% | 0.8% | 8.9% | 20.5% | 0.3% | 0.0% | 0.3% | 0.0% | 0.4% | 0.9% | 6.1% |
| Total Shareholder Yield | 3.3% | 3.3% | 11.5% | 23.1% | 2.1% | 1.9% | 2.8% | 1.7% | 2.9% | 3.8% | 10.1% |
| Shares Outstanding | — | $163M | $169M | $208M | $224M | $222M | $220M | $218M | $217M | $217M | $220M |
Peer Comparison
Compare TGNA with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 TGNAYou | $3B | 14.9 | 11.3 | 11.4 | 36.2% | 16.3% | 7.1% | 5.8% | 4.8 |
 SSP | $325M | -1.5 | 265.5 | 49.8 | 33.7% | 7.5% | -7.9% | 3.1% | 239.5 |
 GTN | $352M | -4.3 | 9.2 | 1.9 | 96.6% | 12.7% | -3.0% | 3.5% | 9.2 |
 NXST | $5B | 54.7 | 7.0 | 6.7 | 39.0% | 17.4% | 5.0% | 7.4% | 4.2 |
 FOX | $21B | 9.6 | 6.3 | 6.9 | 33.1% | 19.8% | 19.3% | 16.5% | 2.1 |
 FOXA | $23B | 10.6 | 6.9 | 7.7 | 33.1% | 19.8% | 19.3% | 16.5% | 2.1 |
 WBD | $66B | 90.3 | 13.4 | 21.3 | 28.2% | 3.5% | 2.0% | 1.5% | 4.7 |
 CHTR | $16B | 3.5 | 5.1 | 3.6 | 46.3% | 24.3% | 24.8% | 8.6% | 4.4 |
 CMCSA | $82B | 4.2 | 5.0 | 3.7 | 60.1% | 16.7% | 21.6% | 8.2% | 3.0 |
 FUBO | $271M | -38.4 | — | — | 11.1% | -2.6% | 11.0% | -3.3% | — |
 SIRI | $9B | 12.5 | 9.2 | 7.6 | 47.0% | 17.2% | 7.1% | 5.2% | 4.7 |
| Communication Services Median | — | 15.3 | 9.6 | 11.4 | 48.5% | 1.6% | 2.0% | 2.6% | 3.6 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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TGNA — Frequently Asked Questions
Quick answers to the most common questions about buying TGNA stock.
What is TEGNA Inc.'s P/E ratio?
TEGNA Inc.'s current P/E ratio is 14.9x. The historical average is 7.7x. This places it at the 100th percentile of its historical range.
What is TEGNA Inc.'s EV/EBITDA?
TEGNA Inc.'s current EV/EBITDA is 11.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 6.6x.
What is TEGNA Inc.'s ROE?
TEGNA Inc.'s return on equity (ROE) is 7.1%. The historical average is 17.3%.
Is TGNA stock overvalued?
Based on historical data, TEGNA Inc. is trading at a P/E of 14.9x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is TEGNA Inc.'s dividend yield?
TEGNA Inc.'s current dividend yield is 2.47% with a payout ratio of 36.6%.
What are TEGNA Inc.'s profit margins?
TEGNA Inc. has 36.2% gross margin and 16.3% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does TEGNA Inc. have?
TEGNA Inc.'s Debt/EBITDA ratio is 4.8x, indicating high leverage. A ratio above 4x may signal elevated financial risk.