Is Gray Television a good addition to my portfolio?

[Nick Robinson]

[Ilija Rankovic]

Whether a stock would make for a good addition to a portfolio can only be decided by the portfolio manager. However, we can take a look at some figures and see how the broadcasting company's stock is doing. Gray Television’s (NYSE:GTN) twelve-month P/E ratio is currently sitting at 7.01, which compares favourably to the S&P 500’s P/S ratio of 18.41 as well as to the sector’s ratio of 22.07. This also shows us that the stock is undervalued compared to its peers at the moment, at least to some degree.

The company has a P/S ratio of 1.26. This figure is far from its all-time highs, which further indicates undervalued trading, at least to some degree. Even though value-wise, Gray Television looks like a solid choice, the company's recent earnings estimates do not make for great reading, as none of them have gone up in the current quarter. Analysts rate the firm's stock with a Zacks Value Score of B and a Zacks Rank #3 (Hold).