3 models fit USA TODAY Co. Inc. Common Stock and they disagree: 1 of 3 land within 15% of the average.
Two or more of our models back this value.
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Valued as a mature, profitable company: Discounted cash flow, P/E comparison, EV/EBITDA comparison, and Graham number.
ACCE opinionUSA TODAY Co. Inc. Common Stock (TDAY)
Fair value (3 models)
$5.78
ACCE price target
$6.50
Rating
Overvalued
Horizon
12 months
Fair value published on 9 Oct 2026, 00:00 CEST; previously $5.91 since 1 Oct 2026, 00:00 CEST.
ACCE price target published on 13 Oct 2026, 00:00 CEST.
Rating published on 18 Oct 2026, 15:05 CEST.
Price used: $6.86 at the close on 23 Oct 2026, 22:00 CEST.
Models: Discounted cash flow, EV/EBITDA comparison, Graham number, and P/E comparison.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
18.7% above
-15.7% to fair value
ACCE score
39
out of 100
Analysts
67% buy
6 covering
1-year return
+82.0%
Dividend yield
0.00%
USA TODAY Co. Inc. Common Stock in four questions
Plain answers, details below
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Overview
ACCE thesis
USA TODAY Co. (formerly Gannett) publishes USA TODAY and a large network of local daily newspapers across the US, and monetises them through print and digital subscriptions, advertising and commercial printing. The case for a closer look rests on margins rather than top-line growth: revenue is shrinking at 8.3% a year and ROE is negative at -20.7%, yet the operating margin sits at 4.2% on a 39.5% gross margin, which suggests cost cuts are doing real work. The shares trade at a forward P/E of 25.6 while trailing earnings are effectively nil, so the market is pricing a recovery in profitability that the reported numbers do not yet show. The score of 39/100 and absence from any major index mean the bar for a position is high, and the deeper work would need to establish whether digital subscription growth can offset print decline fast enough to restore earnings power.
⚠ Investor warnings · 4 flagsAI-assisted·How I use AI
severe
Earnings collapse and leverage
Earnings fell 85.4% year over year with a net margin of -1.8%, while debt/equity sits at 7.31 and ROE is -20.7%. Equity is thin relative to debt.
high
Shrinking revenue base
Revenue is down 8.3% year over year and has compounded at -7.5% over five years, with another 6.2% drop quarter on quarter. The top line is contracting, not stabilizing.
high
Heavy short interest
Short interest is 18.1% of float. Combined with the score falling from 52 to 39 over 90 days, the market is positioned against the thesis.
moderate
Price above model fair value
The stock trades 18.7% above the model fair value of $5.78 and 5.5% above the ACCE price target of $6.50, leaving little valuation cushion against further deterioration.
AI research notes
AI-assisted·How I use AIWritten Oct 21, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
Free cash flow over the last twelve months reached $63M, so the business still generates real cash despite falling sales.
Four of six analysts rate the stock Buy or Strong Buy, and their mean price target sits 24.1% above the current price.
The latest quarter beat expectations, with earnings per share of 0.07 against an expected -0.02, a 450.0% surprise.
Why it could disappoint
Revenue fell 8.3% year over year and has shrunk 7.5% a year on average over five years, a persistent decline rather than a blip.
The stock trades 18.7% above the model fair value of $5.78, and the consensus of valuation models sees 17.5% downside.
Debt to equity of 7.31 leaves little balance sheet cushion, and return on equity of -20.7% shows shareholders are losing value.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.
Next results
Oct 29, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle
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Valuation
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Where TDAY's valuation models land
Price
$6.86
Model fair value
$5.78
Model range
$3.00 to $9.27
Fair value $5.78
Price $6.86
The price sits inside the model range.
Model
Fair value
Upside
Discounted cash flow
EV/EBITDA comparison
Graham number
P/E comparison
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Quality
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