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AT&T INC. (T) vs. TEGNA INC (TGNA) Stock Comparison & Valuation | Edwyn

Workspace›Comparisons›T vs TGNA

T vs TGNA: valuation and financial comparison

Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.

Coverage medium · 60%Data state: stale

Change companies

At&T Inc.

T

FY 2025 · Mkt capMarket cap $178.92B · View financials

$26.11+2.19%

Snapshot Sep 11, 2026, 2:34 PM ET

vs

vs

Tegna Inc.

TGNA

FY 2025 · View financials

Decision snapshot: T stock price vs TGNA: inconclusive Relative valuation is incomplete for this pair. Review the available filing metrics before drawing a conclusion.

Explore this comparison

On this page

Valuation

Fair value engine Enterprise value Intrinsic value (DCF)

Business performance

Smart diff Side-by-side financials Historical trends Solvency

Research context

Relative positioning High-level analysis Related research More comparisons

SEC filing data and market quotes. Check each section’s reporting period and price date.

Quick read

Fair value engine

Each company valued on the other's multiple, then compared with the market price.

T · price snapshotP/E 8.59x

$26.11Snapshot Sep 11, 2026, 2:34 PM ET

Implied fair value · at TGNA's multiple

—

Needs TGNA P/E.

TGNA · price snapshot

—Price unavailable

Implied fair value · at T's multiple

$11.51

1.34 TGNA Annual EPS×8.59x T P/E=$11.51

Engine logicTvalued onTGNA’smultiple

—

Price unavailable

Metric by metric

Smart diff

Where each company leads, and how wide the gap is.

6 metrics shown

MetricTTGNADifference (T − TGNA)

Revenue growth (YoY)

Growth edge

2.7%

-12.6%

T: higher Revenue growth (YoY) by 15.3 percentage pointsT+15.3 pp

Gross margin

Reported gross margin

N/M

36.2%

Insufficient dataN/M—

EBITDA proxy margin

Operating income + D&A

35.9%

19.9%

T: higher EBITDA proxy margin by 15.9 percentage pointsT+15.9 pp

EV/Revenue

Lower is better

2.35x

N/M

Insufficient dataN/M—

P/E

Not comparable

8.59x

N/M

Not comparableN/M—

Net debt / EBITDA proxy

Lower leverage

2.6

N/M

Insufficient dataN/M—

Statements

Side-by-side financials

Annual statements in reported currencies, with calculations and source evidence.

Income statement · reported unitsTTGNADelta

RevenueEnded 2025-12-31Ended 2025-12-31+USD 122.94B

Gross profitEnded 2025-12-31—

Operating incomeEnded 2025-12-31Ended 2025-12-31+USD 23.72B

EBITDA proxyEnded 2025-12-31Ended 2025-12-31+USD 44.51B

Net incomeEnded 2025-12-31Ended 2025-12-31+USD 21.73B

Diluted / combined EPS (reported share)Ended 2025-12-31Ended 2025-12-31Different share bases

Revenue growthEnded 2025-12-31Ended 2025-12-31+15.3 pp

Gross marginEnded 2025-12-31—

Operating marginEnded 2025-12-31Ended 2025-12-31+2.9 pp

EBITDA proxy marginEnded 2025-12-31Ended 2025-12-31+15.9 pp

Net marginEnded 2025-12-31Ended 2025-12-31+9.4 pp

Values retain reported currencies and share bases. Select a figure to inspect its period, calculation and filing inputs. Differences require compatible units and periods.

Explore enterprise value and market valuation multiples in the valuation sections.

Trendline

Historical trends

Eight period-end years of reported revenue, earnings, and margins. Periods and currencies are shown with the data.

TTGNA

Price framework

Enterprise value

USD market cap plus reported borrowing debt, less cash and equivalents. This EV proxy excludes investments, preferred stock and noncontrolling-interest adjustments.

At&T Inc.

$295.40B

Market cap: $178.92B
Debt: +$134.72B
Cash: −$18.23B

Capital structure 57% equity / 43% debt · EV / Revenue 2.35x · EV proxy / EBITDA proxy 6.56x

Tegna Inc.

—

Market cap: —
Debt: —
Cash: −$291.24M

Complete market value, debt and cash evidence is required for enterprise value.

Price framework

Intrinsic value (DCF)

The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.

AT&T INC. · implied price per share

$21.21−18.8% vs $26.11

$152.24B equity value÷7.18B shares=$21.21

Bear

$16.54

Base

$21.21

Bull

$29.51

Cash-flow base$19B

Growth0.0%

Discount rate9.5%

Horizon5y

TEGNA INC. · implied price per share

Debt and bridge-cash inputs are required to translate enterprise value into equity value.

Balance sheet health

Solvency

Inspect reported liquidity and leverage alongside historical financial-health checks.

Piotroski F-Score

Financial strength on a 0–9 scale.

6/ 9 · TModerate

4/ 9 · TGNAModerate

Altman Z-Score

Bankruptcy-risk signal from balance sheet and earnings power.

0.91

T

Distress zone

Distress <1.8Grey 1.8–3.0Safe >3.0

Liquidity and leverage · reported unitsTTGNADelta

Cash & equivalentsAs of 2025-12-31As of 2025-12-31+USD 17.94B

Total borrowing debtAs of 2025-12-31—

Debt / equityAs of 2025-12-31

Comparable set

Relative positioning

Where the pair sits against the wider comparable set.

Altice USA, Inc.

T vs ATUS

Clearfield, Inc.

T vs CLFD

Comcast Corp

T vs CMCSA

Gray Television Inc

T vs GTN

EchoStar CORP

T vs SATS

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GRAY TELEVISION INC

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Fox Corp

T vs FOXA

—

Net debt / EBITDA proxyAs of 2025-12-31—

Cash excludes investments. EBITDA is an operating-income-plus-D&A proxy. Missing borrowing categories remain unavailable; select a value to inspect its inputs.

LLM-powered synthesis

High-level analysis

An explanation of the financial evidence. Check its snapshot date against the figures above.

Updated 2026-06-13 18:58 UTC

This explanation uses an earlier data snapshot or evidence version. Review its generation date and the current figures, or refresh after signing in.

T screens as the stronger business on scale, profitability, and leverage, but the comparison is complicated by TGNA’s lack of comparable valuation multiples and T’s price sitting near the bottom of its historical range despite a wide DCF gap.

Actionable Takeaway

If you believe T can sustain its current earnings power and avoid balance-sheet stress, then T looks preferable to TGNA because it combines superior scale, margins, and lower net leverage with a valuation that is still near the low end of its historical range.

T trades at 7.8x P/E, 1.3x P/S, and 4.5x EV/EBITDA, while TGNA has no listed valuation multiples, limiting direct relative valuation. T’s current price of $23.59 is near the low end of its historical band of $21.23-$25.95, but far below the DCF range of $68.76-$93.03.

Supporting Metrics

Key Risks

T’s Altman Z-Score of 0.88 indicates elevated distress risk despite low valuation.
TGNA’s net debt/EBITDA of 3.1x may constrain financial flexibility if operating trends weaken further.
The comparison is limited by missing TGNA valuation multiples and missing FCF margin data for both companies.