The New York Times Company (NYT) Fundamental Analysis: Bull vs. Bear Case

NYT

The New York Times Company

Fundamental data last updated:June 10, 2026

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company profile

SECTOR

Communication Services

industry

Publishing

Exchange

NYSE

County of HQ

US

Next Earnings Date

08/05/2026

Business Summary

The New York Times Company, together with its subsidiaries, provides news and information for readers and viewers across various platforms worldwide. It offers The New York Times (The Times), a daily and Sunday newspaper in the United States, as well as international edition of The Times; and operates the NYTimes.com Website. The company also transmits articles, graphics, and photographs from The Times and other publications to approximately 1,500 newspapers, magazines, and websites; licenses electronic databases to resellers in the business, professional, and library markets; and offers magazine licensing, news digests, book development, and rights and permissions. In addition, it engages in the live events business, which hosts physical and virtual live events to connect audiences with journalists and outside thought leaders; direct-sold website, mobile application, podcast, email, and video advertisements, as well as digital advertising services; operates Wirecutter, a product review and recommendation products; develops mobile applications, including games and cooking products; prints and distributes products for third parties; and offers other products and services. The company was founded in 1851 and is headquartered in New York, New York.

VALUATION

P/E

31.58 Market Cap ($M USD)

$12.06B

Forward P/E

21.48 PEG

0.46 PRICE TO SALES

4.16 PRICE TO BOOK

6.03 EV / EBITDA

20.59 5-Year Average P/E

Free Cash Flow Yield

4.49%

DCF Value

$66.82

Graham Number

$25.61

Price to FCF

22.25 EV to FCF

21.90 Earnings Yield

3.17%

FCF Yield

4.49%

DIVIDEND

Yield

1.03%

Annual Payout

$0.77

Payout Ratio

31.04%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

$2.36

Next Year EPS Growth Estimate

$3.47

Next Year Revenue Growth Estimate

$369.20B

Return on Equity (ROE)

19.22%

FREE CASH FLOW

Operating Margin

16.32%

Debt-to-Equity

0.02 Piotroski F-Score

7 Altman Z-Score

11.51 Return on Invested Capital (ROIC)

20.76%

Current Ratio

1.60 Quick Ratio

1.60 Net Debt to EBITDA

-0.32

Interest Coverage

485.17 Gross Profit margin

51.41%

FCF PER SHARE

$3.35

REVENUE PER SHARE

$17.90

Gainseekers Quantitative Analysis

Summary

The New York Times Company appears to be priced with a premium that may not align with its intrinsic value. Despite a robust Altman Z-score of 11.98 indicating financial safety, the stock traded above its DCF value, suggesting potential overvaluation. The Forward P/E of 22.88 is more reasonable than its trailing P/E, yet the earnings yield of just 2.97% raises questions about its attractiveness compared to risk-free alternatives. However, the low debt-to-equity ratio of 0.02 and a strong ROIC of 20.76% reflect efficient capital management and operational prowess.

AI Exposure / Tech Reliance

Operating in the publishing industry, The New York Times is well-positioned to leverage AI for content personalization and distribution efficiency. Its digital transformation efforts could enhance user engagement and subscription models. However, the traditional nature of publishing may require significant adaptation to fully capitalize on tech advancements.

The Bull Case

For the discerning GARP investor, The New York Times offers compelling reasons to buy. A stellar ROIC of 20.76% and a Piotroski F-Score of 7 highlight its operational efficiency and financial health. The company's operating margin of 16.32% and a gross profit margin of 51.41% underscore its pricing power and cost management. With a free cash flow yield of 4.22%, it demonstrates the ability to generate cash effectively, making it an attractive proposition for those seeking growth at a reasonable price.

The Bear Case

Despite its strengths, The New York Times faces significant valuation challenges. The Price/Book ratio of 6.43 and Price/Sales of 4.43 suggest the stock is trading at a premium relative to its book and sales value. Its proximity to the 52-week high, with only a 9.68% distance, indicates potential overextension. Additionally, the earnings yield of 2.97% is underwhelming, especially when juxtaposed with its high valuation multiples, raising concerns about future returns.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Hold

Average Analyst Price Target

$81.20

Institutional Ownership %

1-Year Beta

0.98 Insider Buying % (6 Mo)

Distance to 52-Week High

16.87%

Distance to 52-Week Low

31.53%

EARNINGS SURPRISE %

24.49%

50-DAY SMA

$79.88

200-DAY SMA

$69.05

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.