NYT · Intrinsic value
Is The New York Times Company (NYT) overvalued or undervalued?
The New York Times Company (NYT) trades at the delayed market price of $67.99 a share. That price already implies revenue growth of 24.5% a year for 5 years. TickerWorth's fair value is $41.27 a share (65% above fair value), as of Oct 19, 2026. It is a model estimate, and every input behind it is sourced below.
Model by Miraaj Patel · generated from SEC filings and market data · Updated Oct 19, 2026 · How these pages are made
Is NYT overvalued?
- Fair value
- $41.27
- Market price
- $67.99
- Downside to fair value
- 39.3%
- Verdict
- 65% above fair value
Reverse DCF: Today's price implies revenue growth of 24.5% a year for 5 years; our model assumes 6.6% a year on average over the same horizon.
What is NYT's TickerWorth Score?
Middle of the pack — real strengths and real weaknesses
Compared with Communication Services companies in US
Its strongest point: strong balance sheet. Its weakest: trades above our estimate of what it's worth.
- Value · 34 of 100
Cheaper than 34% of Communication Services companies in US
- Price vs worth · 19 of 100
- Quality · 58 of 100
More profitable than 58% of Communication Services companies in US
- Financial health · 80 of 100
Financially stronger than 80% of Communication Services companies in US
- Growth · 51 of 100
Growing faster than 51% of Communication Services companies in US
- Momentum · 60 of 100
Outperformed 60% of Communication Services companies in US over the past year
Confidence: Medium confidence · Scored
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NYT DCF valuation: what the price assumes
At a recent price of $67.98, The New York Times Company (NYT) trades 65% above TickerWorth's blended fair value of $41.27 per share — a discounted-cash-flow model cross-checked against peer multiples and asset value — meaning the market currently prices NYT overvalued vs our estimate of what the business is intrinsically worth. Our fair value sits below the market, an implied -39.3% move to close the gap if the business performs in line with our assumptions. This is an educational model, not a price target or a recommendation — the value moves with the inputs, which you can test yourself using the WACC slider below.
Read the full reasoning
One of the lenses behind that blended figure is a discounted-cash-flow model, which on its own values NYT at about $33.90 per share. The rest of this page walks through that DCF — its assumptions, reverse-DCF and discount-rate sensitivity — because it is the auditable anchor of the blend.
The valuation discounts The New York Times Company's projected free cash flows at a weighted-average cost of capital (WACC) of 9.1%, with a long-run terminal growth rate of 2.5%. About 73% of the enterprise value comes from the terminal value — the portion beyond the explicit forecast window — which is typical for a stable, cash-generative business and a reminder that small changes in the discount rate or terminal growth assumption swing the intrinsic value meaningfully.
Running the DCF in reverse — solving for the growth the current price already assumes — the market is implying roughly 24.5% annual revenue growth for NYT. Our base case instead compounds to about 6.6% a year over the same forecast, so the market is pricing in materially faster growth than our base case. The reverse-DCF is a quick sanity check: it reframes 'is this stock cheap?' as 'do I believe the growth the price requires?' rather than arguing over a single point estimate of fair value.
Sensitivity matters more than any single number. Across a reasonable band of discount-rate assumptions, NYT's modeled DCF value ranges from about $25.45 to $52.48 per share. If that range still sits below today's price, the market is optimistic relative to the model across the whole band; if it brackets the price, the stock is roughly fairly valued on our assumptions. Use the interactive slider to see exactly where your own cost-of-capital view lands.
How to read this page: the DCF fair value is what The New York Times Company would be worth if its cash flows grow as modeled and are discounted at the stated WACC. The assumptions table shows every input and its source; the reverse-DCF shows what the market believes; the sensitivity band shows how fragile the answer is. None of this is investment advice — it is a transparent, auditable framework for forming your own view of NYT's intrinsic value. Figures update as new filings and prices come in.
Every input behind NYT's DCF
| Input | Value |
|---|---|
| Base-year revenueTHE NEW YORK TIMES COMPANY FY2025 10-K (accession 0000071691-26-000011): us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, FY2025 full year. | $2,824,920,000 |
| Base EBIT marginTHE NEW YORK TIMES COMPANY FY2025 10-K (accession 0000071691-26-000011): us-gaap:OperatingIncomeLoss 431,557,000 / revenue 2,824,918,000 = 15.28%, FY2025. | 15.3% |
| Forecast revenue growthESTIMATEAssumption — TickerWorth's 5-year explicit forecast | 9% → 8% → 7% → 5% → 4% |
| Risk-free rateLive feed — US 10-year Treasury yield (^TNX) | 4.8% |
| BetaLive feed — yfinance, 5-year monthly beta vs the S&P 500 (clamped to 0.4–2.5) | 0.93 |
| Terminal growthESTIMATEAssumption — TickerWorth house default 2.5%, held below WACC | 2.5% |
| Diluted sharesTHE NEW YORK TIMES COMPANY FY2025 10-K (accession 0000071691-26-000011): WeightedAverageNumberOfDilutedSharesOutstanding = 164,943,000 shares, FY2025. | 165M |
| Market priceDelayed quote · as of 2026-10-19 16:21 UTC | $67.98 |
Change NYT's assumptions
The discount-rate dial and the editable model
ProChange growth, margin and WACC yourself — Pro (7-day free trial, card required).
What does The New York Times Company do?
What does it do?
The New York Times Company, together with its subsidiaries, creates, collects, and distributes news and information worldwide. It operates through two segments, The New York Times Group and The Athletic. It operates in the Publishing industry (Communication Services sector), headquartered in United States. The company employs roughly 6,000 people.
How does it make money?
The business turns $3.0B in annual revenue into profit. Out of every $100 of sales, about $17 is left as operating profit (operating margin of 17.1%), after a 51% gross margin on the products/services it sells. After all costs, taxes and interest, 13.3% of revenue becomes bottom-line net profit.
Is it financially healthy?
Financially it looks solid: comfortably covers its short-term bills (1.6× current ratio), and is currently profitable.
Who at NYT filed insider trades?
| Date | Insider | Relationship | What happened | Value | Filing |
|---|---|---|---|---|---|
| Bardeen William | EVP, Chief Financial Officer | Shares withheld (tax) | $30,816.90 | Form 4 for Bardeen William (opens sec.gov in a new tab) | |
| Perpich David S. | Director | Shares withheld (tax) | $8,323.74 | Form 4 for Perpich David S. (opens sec.gov in a new tab) | |
| GOLDEN ARTHUR S. | Director | Grant / award | — | Form 4 for GOLDEN ARTHUR S. (opens sec.gov in a new tab) | |
| GOLDEN MARGOT | Director | Grant / award | — | Form 4 for GOLDEN MARGOT (opens sec.gov in a new tab) | |
| Bhutani Amanpal Singh | Director | Grant / award | — | Form 4 for Bhutani Amanpal Singh (opens sec.gov in a new tab) | |
| Bronstein Manuel | Director | Grant / award | — | Form 4 for Bronstein Manuel (opens sec.gov in a new tab) |
A disclosure, not a signal to trade. Source: SEC EDGAR (Form 4). Older filings and the 90-day buying-and-selling read are part of Pro. See plans
Common questions
What is NYT's intrinsic value?
TickerWorth's blended fair value for The New York Times Company (NYT) is $41.27 per share, versus a market price of $67.98 (65% above fair value).
Is NYT overvalued or undervalued?
On our blended fair value NYT looks overvalued vs fair value at $67.98. This is an educational estimate, not advice.
What discount rate is used for NYT?
A WACC of 9.1% and a terminal growth rate of 2.5%.
Is The New York Times stock undervalued?
TickerWorth's fair value for The New York Times Company (NYT) is $41.27 against a market price of $67.99. Our read: 65% above fair value. This is a model estimate, not investment advice.
The New York Times (NYT) DCF valuation and fair value
Our fair value for The New York Times Company (NYT) is $41.27, built on a 9.1% discount rate (WACC) and 2.5% terminal growth. It blends our discounted-cash-flow model with other valuation lenses. Every assumption is listed on this page with its source.
What growth is priced into The New York Times stock?
Today's price implies revenue growth of 24.5% a year for 5 years; our model assumes 6.6% a year on average over the same horizon. This is a reverse DCF: it holds our cash-flow model's other inputs and solves for the revenue growth that makes the model equal today's price of $67.99. A model estimate, not investment advice.
The New York Times (NYT) insider trading
The most recent insider filing (SEC Form 4) for The New York Times Company (NYT): Bardeen William, EVP, Chief Financial Officer, shares withheld (tax) on 2026-08-10. The latest filings are listed on this page. A disclosure, not a signal to trade.
Stocks below our fair value instead
Not investment advice. TickerWorth Score is a model output.
Educational tool. Every output reflects the assumptions shown — not a prediction and not investment advice. TickerWorth is not a licensed investment adviser, and these figures are estimates from public filings and market data that can be wrong.