Gray Television (GTN) Trades at 2.95x Earnings, 0.27x Book; 93 Valuation Score

GTN leads today's value stocks with a 93/100 score, P/E of 2.95, and P/B of 0.27, followed by four others at 92/100 averaging P/E 10.5 and P/B 1.07 across Financials, Utilities, Industrials, and Communication Services.

These top value stocks exhibit significant valuation gaps, with GTN's P/E of 2.95 and P/B of 0.27 alongside high Valuation Scores (92-93/100), signaling market prices below intrinsic worth. This is meaningful for investors as robust quality metrics—like an average ROE of ~10%—indicate strong fundamentals beneath the discounts, potentially offering margin of safety in value strategies.

• GTN: P/E 2.95, Valuation Score 93/100
• CNH: P/E 16.34, Valuation Score 92/100
• PAM: P/B 0.95, ROE 13.67%
• SHG: P/B 0.60, ROE 8.35%
• KB: P/E 7.91, Valuation Score 92/100
• MGA: P/B 1.09, ROE 10.35%
• F: P/E 11.32, Valuation Score 91/100

Top Valuation Leaders
GTN screens as a deep value outlier, with a P/E of 2.95 and P/B of 0.27 alongside a 93/100 valuation score, implying the market is heavily discounting its earnings and asset base. CNH and PAM also show strong value profiles with valuation scores of 92/100 and moderate P/E ratios of 16.34 and 10.0, respectively, suggesting more balanced “value-at-a-reasonable-price” setups rather than outright deep value.

Sector Concentration
Financials dominate the broader value list with 3 names (SHG, KB, OBDC), while Industrials and Consumer Cyclical contribute 2 each, indicating a tilt toward economically sensitive, asset-heavy sectors. Within the highlighted top names, Financial Services (SHG, KB) and Industrials (CNH) anchor the list, consistent with value investors’ traditional focus on banks and cyclical capital goods.

Quality Metrics
Among the top valuation names, PAM’s ROE of 13.67% and CNH’s 10.78% stand out, combining reasonable P/E and sub-2.0 P/B with double‑digit profitability, a pattern many value frameworks favor when seeking “cheap but not broken” businesses. SHG and KB earn mid‑single‑digit to high‑single‑digit ROEs (8.35% and 9.45%) against P/B well below 1, a classic bank value profile where equity returns are acceptable but sentiment and risk perceptions keep multiples subdued.

Deep Value vs. Franchise Value
GTN’s combination of P/E below 3 and P/B below 0.3 versus a positive ROE of 7.23% is characteristic of deep value situations where investors may be pricing in structural or cyclical headwinds to the business model. By contrast, SHG and KB, with P/E ratios around 7.7–7.9 and P/B of 0.6–0.71, look more like franchise value plays where markets discount macro or regulatory risks in otherwise established financial institutions.

Value opportunities are concentrated in financials and industrials, with GTN and PAM adding diversification in communication services and utilities. Watch upcoming earnings, credit conditions, and rate expectations for SHG/KB, global ag and construction cycles for CNH, and regulatory/political developments impacting PAM and GTN to see if current valuation discounts remain justified or begin to close.