Salem Media Group Inc (SALM) Fair Value & Analysis

Communication Services · US · Market cap $30.1M · ISIN US7940931048

What is Salem Media Group Inc really worth?

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

What matters now

• The price sits above even our optimistic bull case ($0.2700). The favourable scenario is already priced in.
• Weak quality (27/100) and above fair value at the same time, the margin of safety is missing on both counts.
• The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 20, 2026.

How to read this chart

60‑month range $0.1730 – $4.70 · fair‑value band $0.2200 – $0.2700 · the $1.00 price screens above the $0.2400 fair value. Dashed = 300-day average. As of Aug 20, 2026.

Full chart & analysis →

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Analysis

Salem Media Group Inc (SALM) currently trades at $1.00, while our model-based Fair Value estimate is $0.2400, implying the stock looks roughly 316.7% overvalued today. The Quality Score stands at 27/100 (below-average quality), in the Communication Services sector. How firm this estimate is: it rests on 2 models at a data quality of 95/100, which puts the evidence level at low.

Over the trailing twelve months, Salem Media Group Inc generated revenue of $207M at a net margin of −14.5%. Revenue declined 11.2% year over year. It earns a return on equity of −16.9%. Net debt stands at $8.1M. Fundamentals as of Aug 20, 2026

Our scenario range runs from $0.2200 (bear case) to $0.2700 (bull case); at $1.00, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 1% below its 52-week high and 178% above its 52-week low, currently above its 200-day average. For context, the median of 10 Communication Services peers we cover trades at −6% fair-value upside, at −76%, SALM screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Widest divergence: Asset-Based ($4.56) versus Dividend Discount ($0.1900). Highest evidence: Gordon GGM (69).

Key figures & financial health

Quality Score breakdown

About the company

Salem Media Group, Inc. operates as a multimedia company in the United States. The company owns and operates radio stations. Its digital media business provides Christian, conservative, investing, retirement, e-commerce, audio and video streaming, and other resources digitally through the web, as well as through mobile applications.

Full company description

Salem Media Group, Inc. operates as a multimedia company in the United States. The company owns and operates radio stations. Its digital media business provides Christian, conservative, investing, retirement, e-commerce, audio and video streaming, and other resources digitally through the web, as well as through mobile applications. The company was formerly known as Salem Communications Corporation and changed its name to Salem Media Group, Inc. in February 2015. Salem Media Group, Inc. was founded in 1974 and is headquartered in Camarillo, California.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Salem Media Group Inc reported revenue of $213M in FY2025 versus $258M in FY2021, a compound −4.7%/yr. Reported net income was −$34.6M in FY2025.

SALM screens 317% overvalued. Compare with Nexstar Media Group →

Peer Group

Broadcasting · 64 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Valuation Multiples vs Broadcasting median · lower = cheaper

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

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