Tegna Inc Stock Beta

TGNA Stock

USD 14.17 0.02 0.14%

Tegna Inc fundamentals help investors to digest information that contributes to Tegna's financial success or failures. It also enables traders to predict the movement of Tegna Stock. The fundamental analysis module provides a way to measure Tegna's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Tegna stock.

Short Long Term Debt Total Total Assets

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Tegna Inc Company Beta Analysis

Tegna's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.

Beta

Covariance

Variance

More About Beta | All Equity Analysis

Current Tegna Beta

0.49

Most of Tegna's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Tegna Inc is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Tegna Beta Driver Correlations

Understanding the fundamental principles of building solid financial models for Tegna is extremely important. It helps to project a fair market value of Tegna Stock properly, considering its historical fundamentals such as Beta. Since Tegna's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Tegna's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Tegna's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Good Will	Short Term Investments	Total Liab	Total Current Assets	Common Stock	Current Deferred Revenue	Short Term Debt	Intangible Assets	Long Term Debt	Treasury Stock	Property Plant Equipment	Total Permanent Equity	Deferred Long Term Liab	Net Tangible Assets	Long Term Debt Total	Capital Surpluse	Accumulated Depreciation	Long Term Investments	Short Long Term Debt	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.77	0.74	0.81	0.55	0.9	0.95	0.44	0.95	0.72	0.65	0.62	-0.18	0.65	-0.07	-0.64	-0.21	-0.02	0.48	-0.54	0.6	-0.05	0.02	0.0	-0.01	0.06	0.09	-0.15
Total Stockholder Equity	0.77		0.27	0.63	0.61	0.84	0.75	0.59	0.54	0.72	0.41	0.42	-0.25	0.43	-0.23	-0.24	-0.06	-0.04	0.33	-0.11	0.29	-0.32	-0.11	0.08	0.06	0.36	0.49	-0.49
Net Debt	0.74	0.27		0.6	-0.07	0.45	0.73	-0.1	0.86	0.21	0.61	0.12	0.0	0.85	0.22	-0.69	-0.59	0.07	0.4	-0.79	0.87	-0.24	0.53	-0.47	-0.49	0.2	-0.07	0.03
Retained Earnings	0.81	0.63	0.6		0.34	0.79	0.78	0.4	0.78	0.63	0.94	0.56	0.01	0.42	-0.51	-0.83	-0.43	0.2	0.33	-0.38	0.31	-0.27	0.18	-0.18	-0.18	0.2	0.23	-0.02
Accounts Payable	0.55	0.61	-0.07	0.34		0.74	0.49	0.78	0.41	0.68	0.13	0.8	-0.16	-0.11	-0.24	-0.09	0.53	-0.13	0.27	0.07	-0.12	0.43	-0.72	0.7	0.7	-0.39	-0.13	-0.2
Net Receivables	0.9	0.84	0.45	0.79	0.74		0.8	0.75	0.79	0.86	0.58	0.72	-0.22	0.33	-0.28	-0.51	0.06	-0.06	0.53	-0.32	0.29	-0.02	-0.29	0.29	0.28	0.07	0.14	-0.16
Good Will	0.95	0.75	0.73	0.78	0.49	0.8		0.34	0.9	0.59	0.69	0.53	-0.13	0.65	-0.16	-0.68	-0.39	0.08	0.3	-0.45	0.61	-0.16	0.18	-0.18	-0.19	0.1	0.09	-0.36
Short Term Investments	0.44	0.59	-0.1	0.4	0.78	0.75	0.34		0.3	0.76	0.24	0.61	0.01	-0.25	-0.42	-0.13	0.44	-0.16	0.41	0.04	-0.2	0.09	-0.62	0.62	0.6	0.0	0.0	-0.22
Total Liab	0.95	0.54	0.86	0.78	0.41	0.79	0.9	0.3		0.6	0.67	0.58	-0.11	0.66	0.01	-0.74	-0.28	-0.01	0.49	-0.68	0.68	0.03	0.1	-0.06	-0.08	-0.05	-0.1	0.02
Total Current Assets	0.72	0.72	0.21	0.63	0.68	0.86	0.59	0.76	0.6		0.43	0.68	-0.18	0.08	-0.23	-0.33	0.23	-0.2	0.45	-0.15	0.17	0.08	-0.41	0.4	0.41	-0.04	0.27	-0.08
Common Stock	0.65	0.41	0.61	0.94	0.13	0.58	0.69	0.24	0.67	0.43		0.4	0.13	0.35	-0.59	-0.89	-0.63	0.3	0.15	-0.35	0.28	-0.36	0.38	-0.39	-0.38	0.24	0.17	-0.07
Current Deferred Revenue	0.62	0.42	0.12	0.56	0.8	0.72	0.53	0.61	0.58	0.68	0.4		-0.22	-0.11	-0.37	-0.47	0.35	-0.02	0.25	-0.11	-0.13	0.58	-0.59	0.59	0.6	-0.55	-0.28	0.2
Short Term Debt	-0.18	-0.25	0.0	0.01	-0.16	-0.22	-0.13	0.01	-0.11	-0.18	0.13	-0.22		-0.1	-0.17	-0.16	-0.26	0.05	-0.1	-0.04	-0.07	-0.17	0.25	-0.22	-0.23	0.0	-0.11	0.03
Intangible Assets	0.65	0.43	0.85	0.42	-0.11	0.33	0.65	-0.25	0.66	0.08	0.35	-0.11	-0.1		0.43	-0.34	-0.55	0.01	0.3	-0.65	0.91	-0.4	0.57	-0.53	-0.56	0.39	0.21	-0.17
Long Term Debt	-0.07	-0.23	0.22	-0.51	-0.24	-0.28	-0.16	-0.42	0.01	-0.23	-0.59	-0.37	-0.17	0.43		0.49	0.22	-0.32	0.21	-0.32	0.57	0.19	0.03	0.01	0.0	-0.08	-0.15	0.14
Treasury Stock	-0.64	-0.24	-0.69	-0.83	-0.09	-0.51	-0.68	-0.13	-0.74	-0.33	-0.89	-0.47	-0.16	-0.34	0.49		0.6	-0.28	-0.16	0.46	-0.29	0.12	-0.37	0.34	0.34	0.01	0.09	-0.15
Property Plant Equipment	-0.21	-0.06	-0.59	-0.43	0.53	0.06	-0.39	0.44	-0.28	0.23	-0.63	0.35	-0.26	-0.55	0.22	0.6		-0.36	0.17	0.29	-0.45	0.69	-0.95	0.95	0.95	-0.51	-0.26	0.24
Total Permanent Equity	-0.02	-0.04	0.07	0.2	-0.13	-0.06	0.08	-0.16	-0.01	-0.2	0.3	-0.02	0.05	0.01	-0.32	-0.28	-0.36		-0.3	0.38	-0.13	-0.2	0.3	-0.34	-0.32	0.12	0.08	-0.01
Deferred Long Term Liab	0.48	0.33	0.4	0.33	0.27	0.53	0.3	0.41	0.49	0.45	0.15	0.25	-0.1	0.3	0.21	-0.16	0.17	-0.3		-0.5	0.34	-0.02	-0.22	0.28	0.25	0.02	-0.24	0.23
Net Tangible Assets	-0.54	-0.11	-0.79	-0.38	0.07	-0.32	-0.45	0.04	-0.68	-0.15	-0.35	-0.11	-0.04	-0.65	-0.32	0.46	0.29	0.38	-0.5		-0.7	0.05	-0.28	0.2	0.23	-0.06	0.19	-0.19
Long Term Debt Total	0.6	0.29	0.87	0.31	-0.12	0.29	0.61	-0.2	0.68	0.17	0.28	-0.13	-0.07	0.91	0.57	-0.29	-0.45	-0.13	0.34	-0.7		-0.28	0.49	-0.46	-0.47	0.28	0.09	-0.18
Capital Surpluse	-0.05	-0.32	-0.24	-0.27	0.43	-0.02	-0.16	0.09	0.03	0.08	-0.36	0.58	-0.17	-0.4	0.19	0.12	0.69	-0.2	-0.02	0.05	-0.28		-0.7	0.72	0.74	-0.94	-0.61	0.5
Accumulated Depreciation	0.02	-0.11	0.53	0.18	-0.72	-0.29	0.18	-0.62	0.1	-0.41	0.38	-0.59	0.25	0.57	0.03	-0.37	-0.95	0.3	-0.22	-0.28	0.49	-0.7		-0.99	-1.0	0.56	0.28	-0.2
Long Term Investments	0.0	0.08	-0.47	-0.18	0.7	0.29	-0.18	0.62	-0.06	0.4	-0.39	0.59	-0.22	-0.53	0.01	0.34	0.95	-0.34	0.28	0.2	-0.46	0.72	-0.99		0.99	-0.57	-0.34	0.26
Short Long Term Debt	-0.01	0.06	-0.49	-0.18	0.7	0.28	-0.19	0.6	-0.08	0.41	-0.38	0.6	-0.23	-0.56	0.0	0.34	0.95	-0.32	0.25	0.23	-0.47	0.74	-1.0	0.99		-0.6	-0.32	0.27
Net Invested Capital	0.06	0.36	0.2	0.2	-0.39	0.07	0.1	0.0	-0.05	-0.04	0.24	-0.55	0.0	0.39	-0.08	0.01	-0.51	0.12	0.02	-0.06	0.28	-0.94	0.56	-0.57	-0.6		0.66	-0.46
Net Working Capital	0.09	0.49	-0.07	0.23	-0.13	0.14	0.09	0.0	-0.1	0.27	0.17	-0.28	-0.11	0.21	-0.15	0.09	-0.26	0.08	-0.24	0.19	0.09	-0.61	0.28	-0.34	-0.32	0.66		-0.33
Capital Stock	-0.15	-0.49	0.03	-0.02	-0.2	-0.16	-0.36	-0.22	0.02	-0.08	-0.07	0.2	0.03	-0.17	0.14	-0.15	0.24	-0.01	0.23	-0.19	-0.18	0.5	-0.2	0.26	0.27	-0.46	-0.33

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In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.

Competition

Predict Tegna

In accordance with the recently published financial statements, Tegna Inc has a Beta of 0.489. This is 61.8% lower than that of the Media sector and significantly higher than that of the Communication Services industry. The beta for all United States stocks is notably lower than that of the firm.

Tegna Beta Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Tegna's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Tegna could also be used in its relative valuation, which is a method of valuing Tegna by comparing valuation metrics of similar companies.

Tegna is currently under evaluation in beta category among related companies.

Tegna ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Tegna's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Tegna's managers, analysts, and investors.

Environment Score

Governance Score

Social Score

Tegna Institutional Holders

Institutional Holdings refers to the ownership stake in Tegna that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Tegna's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Tegna's value.

		Shares
Royce & Associates, Lp	2023-12-31	3.2 M
Morgan Stanley - Brokerage Accounts	2023-12-31	3.1 M
Sessa Capital Im Lp	2023-09-30	2.8 M
Millennium Management Llc	2023-12-31	2.7 M
Flat Footed Llc	2023-12-31	2.7 M
Norges Bank	2023-12-31	2.5 M
Fuller & Thaler Asset Management Inc	2023-12-31	2.4 M
Gamco Investors, Inc. Et Al	2023-12-31	2.1 M
Gabelli Funds Llc	2023-12-31	1.8 M
Blackrock Inc	2023-12-31	26.2 M
Vanguard Group Inc	2023-12-31	25.3 M

As returns on the market increase, Tegna's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tegna is expected to be smaller as well.

Tegna Fundamentals

	Return On Equity	0.16
	Return On Asset	0.0541
	Profit Margin	0.16 %
	Operating Margin	0.21 %
	Current Valuation	5.31 B
	Shares Outstanding	176.11 M
	Shares Owned By Insiders	1.30 %
	Shares Owned By Institutions	94.95 %
	Number Of Shares Shorted	7.52 M
	Price To Earning	8.97 X
	Price To Book	0.89 X
	Price To Sales	0.82 X
	Revenue	2.91 B
	Gross Profit	1.59 B
	EBITDA	733.99 M
	Net Income	474.2 M
	Cash And Equivalents	200.77 M
	Cash Per Share	0.90 X
	Total Debt	3.16 B
	Debt To Equity	1.14 %
	Current Ratio	2.39 X
	Book Value Per Share	15.03 X
	Cash Flow From Operations	587.25 M
	Short Ratio	3.73 X
	Earnings Per Share	2.28 X
	Price To Earnings To Growth	0.96 X
	Target Price	19.0
	Number Of Employees	6.2 K
	Beta	0.49
	Market Capitalization	2.49 B
	Total Asset	7 B
	Retained Earnings	8.09 B
	Working Capital	626.95 M
	Current Asset	805.16 M
	Current Liabilities	606.78 M
	Annual Yield	0.03 %
	Five Year Return	2.07 %
	Net Asset	7 B
	Last Dividend Paid	0.42

About Tegna Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Tegna Inc's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Tegna using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Tegna Inc based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

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When determining whether Tegna Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Tegna's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Tegna Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Tegna Inc Stock:

How To Invest In Tegna

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Is Tegna Stock a good investment?

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What is Tegna's Net Worth?

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Largest Broadcasting Companies

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Largest Media & Entertainment Companies

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Check out Tegna Piotroski F Score and Tegna Altman Z Score analysis.

You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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When running Tegna's price analysis, check to measure Tegna's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Tegna is operating at the current time. Most of Tegna's value examination focuses on studying past and present price action to predict the probability of Tegna's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tegna's price. Additionally, you may evaluate how the addition of Tegna to your portfolios can decrease your overall portfolio volatility.

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Is Tegna's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Tegna. If investors know Tegna will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Tegna listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.59)

Dividend Share

0.418

Earnings Share

2.28

Revenue Per Share

14.022

Quarterly Revenue Growth

(0.21)

The market value of Tegna Inc is measured differently than its book value, which is the value of Tegna that is recorded on the company's balance sheet. Investors also form their own opinion of Tegna's value that differs from its market value or its book value, called intrinsic value, which is Tegna's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Tegna's market value can be influenced by many factors that don't directly affect Tegna's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Tegna's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tegna is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tegna's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Tegna Inc Stock Beta

Tegna Inc Company Beta Analysis

Beta

Covariance

Variance

Current Tegna Beta

Tegna Beta Driver Correlations

Tegna Beta Peer Comparison

Tegna ESG Sustainability

Tegna Institutional Holders

Tegna Fundamentals

About Tegna Fundamental Analysis

Currently Active Assets on Macroaxis

Complementary Tools for Tegna Stock analysis

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