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STOCK COMPARISON

eMnet vs Gray Television: Fair Value & Quality

Both stocks run through our valuation models. Here is how eMnet (123570) and Gray Television (GTNA) compare, as of Sep 5, 2026.

As of Sep 5, 2026, Fair Value Calculator sees Gray Television as the less overvalued of the two: eMnet trades at KRW 1,658 versus a fair value of KRW 1,491 (-10%), while Gray Television trades at $5.97 versus $5.83 (-2%).
eMnet
123570.KQ · KRW · Communication Services
-10%
upside to fair value
overvalued
PriceKRW 1,658
Fair ValueKRW 1,491
Quality51/100
Gray Television
GTNA · USD · Communication Services
-2%
upside to fair value
fairly valued
Price$5.97
Fair Value$5.83
Quality56/100
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Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

eMnetGray Television
Valuation
P/E (TTM)2.0×
P/B0.29×
EV/EBITDA12.6×
−10.1%Fair value upside−2.3%
3.0%Dividend yield9.9%
Profitability
24%Operating margin0%
0.05×EBIT margin trend (5Y)1.05×
Return on equity11%
5%Return on assets0%
Growth
52%Revenue growth (YoY)0%
-10.0%Avg. growth/yr (3Y)14.7%
-3.7%Avg. growth/yr (5Y)11.4%
−19.2%Value creation/yr+20.2%
Balance & size
3.6×Interest coverage (EBIT/interest)
Debt / equity1.91×
$25MMarket cap$852M
weakGrowth qualitymixed

Gray Television leads: 2 to 7 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

eMnetof which business quality 45 · market factors 32 Gray Televisionof which business quality 50 · market factors 4
ProfitabilityMargins and returns on capital today
26
35
Quality GrowthAre margins and returns improving?
40
73
CashflowEarnings quality: real cash, not paper profit
0
73
Fin. StrengthBalance sheet, leverage, solvency risk
60
8
InvestmentDisciplined investing over empire-building
92
85
Low VolatilityCalm price path (market factor)
68
0
MomentumPrice trend over the last 3–12 months (market factor)
22
10
52W MomentumDistance to the 52-week high (market factor)
8
0
Net IssuanceBuybacks instead of dilution
83
52

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyeMnetPrice KRW 1,658Gray TelevisionPrice $5.97
DCF Models+19%above the priceKRW 1,966+455%above the price$33.15
Earnings-Based-61%below the priceKRW 648+614%above the price$42.63
Dividend Discountn/a+32%above the price$7.88
Multiples-27%below the priceKRW 1,212+660%above the price$45.39
Asset-Based+74%above the priceKRW 2,877+131%above the price$13.77
Growth DCFn/a+301%above the price$23.94
Economic Profit-5%close to the priceKRW 1,579+167%above the price$15.96
Growth Earnings-12%close to the priceKRW 1,463+970%above the price$63.87
Minimum-61%below the priceKRW 648+32%above the price$7.88
Maximum+74%above the priceKRW 2,877+970%above the price$63.87
Median-8%close to the priceKRW 1,521+378%above the price$28.54
Geometric mean-11%close to the priceKRW 1,474+324%above the price$25.34

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

eMnet: 9 of 13 models see the stock below the current price.

Gray Television: 1 of 25 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

eMnet
Bear KRW 1,118Fair Value KRW 1,491Bull KRW 1,864
KRW 1,658 = current price (white tick)
Gray Television
Bear $2.30Fair Value $5.83Bull $9.52
$5.97 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

eMnet · Communication Services

Quality score51 · below median
Fair value upside-10% · above median

Gray Television · Communication Services

Quality score56 · above median
Fair value upside-2% · above median

Bottom line

As of Sep 5, 2026, Fair Value Calculator sees Gray Television as the less overvalued of the two: eMnet trades at KRW 1,658 versus a fair value of KRW 1,491 (-10%), while Gray Television trades at $5.97 versus $5.83 (-2%).

Gray Television has the higher quality score (56/100).

See the full analysis →

More comparisons

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.