TEGNA
Financial ratios & Valuation

Forward Multiples (2025 – 2027)

202520262027
Price/Earnings ratio
9.506.176.19
Price/Sales ratio
1.611.441.52
Earnings per Share (EPS)
$2.21$3.4$3.39

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
3.5410.276.676.775.8512.666.348.617.526.666.155.85
Price/Sales ratio
0.621.200.881.591.061.571.041.371.441.091.001.57
Price/Book Value ratio
1.151.671.303.051.752.271.481.631.541.171.052.27
Price/Cash Flow ratio
4.585.994.347.854.4512.183.798.195.835.405.054.45
Price/Free Cash Flow ratio
5.617.435.039.815.0817.334.029.376.225.965.435.08
Price/Earnings Growth ratio
0.02-0.150.234.63-0.55-0.430.09-3.790.24-0.350.56-0.55
Dividend Yield
4.81%4.55%4.10%2.97%2.56%1.67%2.50%1.90%1.78%2.63%2.65%2.56%
Profitability Indicator Ratios
Gross Profit Margin
49.25%69.73%68.91%50.93%51.70%46.58%48.82%46.54%48.36%40.95%39.82%46.58%
Operating Profit Margin
17.60%29.93%29.09%28.68%31.64%24.31%29.64%26.82%30.20%25.19%22.15%24.31%
Pretax Profit Margin
22.57%20.41%21.32%16.32%23.04%16.33%21.68%20.51%25.41%20.83%21.91%21.91%
Net Profit Margin
17.67%11.71%13.29%23.53%18.18%12.44%16.40%15.94%19.20%16.37%16.67%16.67%
Effective Tax Rate
16.63%32.47%30.45%-44.17%21.10%23.80%24.21%22.07%24.27%21.46%23.69%21.10%
Return on Assets
9.47%4.18%5.19%9.02%7.60%4.11%7.03%6.89%8.59%6.81%6.84%4.11%
Return On Equity
32.63%16.30%19.55%45.01%29.93%17.99%23.41%18.92%20.50%17.62%17.64%17.99%
Return on Capital Employed
10.49%11.51%12.26%11.77%14.23%8.47%13.55%12.26%14.27%11.15%9.73%8.47%
Liquidity Ratios
Current Ratio
1.151.321.271.951.721.951.58N/AN/AN/A2.601.72
Quick Ratio
1.271.311.271.761.671.881.532.043.332.482.601.67
Cash ratio
0.100.210.120.300.360.080.090.151.410.851.140.36
Days of Sales Outstanding
59.8268.8042.1784.2573.8195.4670.1780.2674.7779.4675.9773.81
Days of Inventory outstanding
4.652.61N/A23.876.077.994.734.50N/AN/AN/A7.99
Operating Cycle
64.4771.4142.17108.1279.88103.4574.9084.7774.7779.4675.97103.45
Days of Payables Outstanding
13.6949.2723.2320.7128.4915.4214.0916.6616.4224.4018.8618.86
Cash Conversion Cycle
50.7822.1318.9487.4151.3888.0360.8168.1058.3455.0557.1151.38
Debt Ratios
Debt Ratio
0.400.490.470.600.550.600.510.460.410.430.420.60
Debt Equity Ratio
1.381.911.783.022.192.621.721.280.991.131.072.62
Long-term Debt to Capitalization
0.570.650.640.750.680.720.630.560.490.530.510.72
Total Debt to Capitalization
0.580.650.640.750.680.720.630.560.490.530.510.72
Interest Coverage Ratio
3.873.124.322.613.572.694.09N/AN/AN/A3.853.57
Cash Flow to Debt Ratio
0.180.140.160.120.170.070.220.150.260.190.190.17
Company Equity Multiplier
3.443.893.764.983.934.373.322.742.382.582.504.37
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.130.200.200.200.230.120.270.160.240.200.200.20
Free Cash Flow / Operating Cash Flow Ratio
0.810.800.860.800.870.700.940.870.930.900.900.87
Cash Flow Coverage Ratio
0.180.140.160.120.170.070.220.150.260.190.190.17
Short Term Coverage Ratio
104.55949.081.05K597.84N/AN/AN/AN/AN/AN/AN/AN/A
Dividend Payout Ratio
17.07%46.86%27.38%20.12%15.02%21.17%15.86%16.44%13.45%17.52%16.43%15.02%