Graham Holdings Company (GHC) Stock Price & How to Invest
Last updated July 2026
Short answer
GHC is Graham Holdings Company, the diversified conglomerate that grew out of the former Washington Post Company and now spans education (Kaplan), television broadcasting, home healthcare, manufacturing and auto dealerships. Investors treat it as a sum-of-the-parts, family-controlled holding company whose value comes from a collection of cash-generating operating units plus a large investment portfolio.
GHC stock price
As of 2026-07-22, Graham Holdings Company (GHC) last closed at $1,145.90, up 25.6% over the past year. Over the past 52 weeks it has traded between $904.31 and $1,202.05.
Prices are daily closing prices from Yahoo Finance and may be delayed. For the live quote, check your broker or Graham Holdings Company's investor relations page. Walnut is informational, not investment advice.
What does Graham Holdings Company (GHC) do?
Graham Holdings Company (NYSE: GHC) is a diversified holding company headquartered in Arlington, Virginia. Its largest division is education, run through Kaplan, which provides higher education services (including the Purdue Global relationship), professional test prep and supplemental and international education. Beyond Kaplan, Graham owns Graham Media Group (a group of local television stations), CSI Pharmacy in home-infusion healthcare, a manufacturing group of industrial businesses, automotive dealerships, and a collection of Other Businesses that includes brands like Slate, Foreign Policy, Framebridge, Clyde's Restaurant Group and several digital and marketing properties. It also holds a substantial portfolio of marketable securities and equity-method stakes.
The investment picture is that of a conglomerate valued on the sum of its parts rather than one theme. Revenue is roughly $4.9 billion on a trailing basis, with education the biggest contributor and healthcare (CSI) among the faster-growing segments. The stock trades at a very high nominal price on a small share count (a few million shares), and the Graham family retains voting control through a dual-class structure. Reported earnings are volatile because they include mark-to-market swings on the equity portfolio and periodic impairment charges, so many investors look at operating income by segment and book value alongside headline EPS.
What's driving Graham Holdings Company (GHC)?
1. Education (Kaplan) as the core engine
Education is the largest division, contributing roughly a third of consolidated revenue, anchored by Kaplan's higher education, professional and international units. Growth has come from Purdue Global fees and international enrollment, offset at times by softness in U.S. pathways programs. The division's stability and margins are the single biggest driver of consolidated results.
2. Healthcare (CSI Pharmacy) expansion
CSI Pharmacy, the home-infusion healthcare business, has been one of the fastest-growing segments, with revenue up sharply as it expands infusion treatment offerings and patient service areas. Management has leaned into healthcare as a growth avenue, though rapid expansion can pressure margins. Continued scaling here is a key swing factor for the growth narrative.
3. Capital allocation and sum-of-the-parts value
Like a smaller Berkshire, Graham deploys cash from its operating units into acquisitions, its manufacturing roll-up, share repurchases and a large marketable-securities portfolio. Buybacks on a small share count can meaningfully move per-share metrics. The investment case rests heavily on how well management redeploys capital across these varied businesses.
4. Media, manufacturing and portfolio pruning
Television broadcasting through Graham Media Group is a strong operating-income contributor in election years but faces cyclical political-ad swings and secular local-ad decline. The manufacturing group adds industrial diversification, while portfolio moves (such as divesting the Kaplan Languages Group) signal ongoing pruning toward higher-return units.
What are the risks to Graham Holdings Company (GHC)?
Reported earnings are lumpy because they include unrealized gains and losses on the equity portfolio and periodic impairment charges, which can obscure underlying operating trends. Several segments face structural headwinds: local television advertising is in secular decline and depends on cyclical political spending, while the for-profit and pathways education market carries regulatory and enrollment risk. The dual-class structure concentrates voting control with the Graham family, limiting outside shareholder influence. The conglomerate structure also means a persistent sum-of-the-parts discount and complexity that makes the business hard to value on a single metric. Rapid healthcare expansion and acquisitions add integration and margin risk.
How is Graham Holdings Company (GHC) valued? (approximate, July 2026)
A simple financial snapshot. These are approximations and refresh quarterly; for current figures see Graham Holdings Company's investor relations page or your broker.
- Revenue (TTM): ~$4.9B
- Q1 2026 revenue: ~$1.24B (up ~6% YoY)
- Q1 2026 operating income: ~$58M
- Market cap: ~$4.9B
- Education share of revenue: ~35%
- Shares outstanding: ~4.4M (small float, high nominal price)
Graham trades at a market value roughly in line with its trailing revenue, reflecting its conglomerate, sum-of-the-parts profile rather than a high-growth multiple. Headline EPS is distorted by mark-to-market movements on its investment portfolio and one-off impairment charges, so operating income by segment and book value are commonly used alongside it. The very small share count means per-share figures and buybacks carry outsized weight.
Who competes with Graham Holdings Company (GHC)?
Diversified holding companies
Berkshire Hathaway, Loews and other conglomerates that own a spread of operating businesses plus investment portfolios and are valued on the sum of their parts and capital allocation rather than a single industry.
Education and test-prep providers
Kaplan competes with online and for-profit education and professional-training players such as Adtalem Global Education, Strategic Education and Coursera, plus university online-program partners, across higher education and test prep.
Local broadcasting and home healthcare
Graham Media Group competes with local TV broadcasters like Nexstar, Sinclair, Gray and Tegna, while CSI Pharmacy competes with home-infusion and specialty pharmacy providers such as Option Care Health and other infusion-services companies.
How to invest in Graham Holdings Company (GHC)
There are three common ways to get GHC exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it, which spreads the position across many companies. Or build it into a focused thematic basket, so GHC sits alongside other stocks that express the same thesis.
Walnut takes the basket route. Describe a thesis where GHC fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.
New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.
The bottom line on Graham Holdings Company (GHC)
GHC is a Berkshire-style, family-controlled collection of operating businesses and investments where the story is capital allocation and segment mix, not a single growth engine.
More on Graham Holdings Company (GHC)
Whether GHC is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is GHC a buy?, and where the stock could go from here in the GHC stock forecast.
For income investors, whether GHC pays a dividend and how the payout looks is covered in does GHC pay a dividend?
Build a basket around GHC with Walnut
Use Graham Holdings Company as one constituent in a thematic basket Walnut's AI helps you assemble. Describe a thesis you believe in, the AI proposes the holdings and weights, and you approve before any broker order.
FAQ
What does Graham Holdings Company do?
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It is a diversified holding company that owns operating businesses across education (Kaplan), television broadcasting (Graham Media Group), home healthcare (CSI Pharmacy), manufacturing and automotive dealerships, plus media brands and a large investment portfolio.
Is GHC the same as the Washington Post Company?
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GHC is the successor to The Washington Post Company. After the newspaper was sold to Jeff Bezos in 2013, the remaining company was renamed Graham Holdings and no longer owns the Post.
What is Graham Holdings' largest business?
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Education, through its Kaplan subsidiary, is the largest division and made up roughly 35% of consolidated revenue in 2025, spanning higher education, professional, supplemental and international education services.
Why are GHC's reported earnings so volatile?
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Reported net income includes unrealized gains and losses on its marketable-securities portfolio and periodic impairment charges. These non-operating items can swing headline EPS significantly from quarter to quarter, so many investors focus on segment operating income.
Who controls Graham Holdings?
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The Graham family retains voting control through a dual-class share structure, in which the Class A shares carry outsized voting power. This concentrates governance and long-term strategy decisions with the family.
What were Graham Holdings' recent results?
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In the first quarter of 2026, revenue was about $1.24 billion, up roughly 6% year over year, with growth in education, healthcare, broadcasting and manufacturing. Results also included a portfolio-related loss and an impairment charge tied to its languages business.
How do people typically evaluate GHC?
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Because it is a conglomerate, many investors use a sum-of-the-parts approach, valuing each segment and the investment portfolio separately, and watch capital allocation, buybacks and book value rather than relying on a single earnings multiple. Walnut is not an investment adviser, and this is descriptive rather than a recommendation.
Walnut is informational, not investment advice. Financial figures on this page are approximations; always verify current numbers with Graham Holdings Company's investor relations page or your broker before making investment decisions.