New York Times (NYT) is back in focus after confirming it will join the Citi Global TMT Conference on September 9, 2026, where CFO William Bardeen is scheduled to participate in a public fireside chat.
New York Times shares trade at $67.68 and the stock has come under pressure recently, with the 30 day share price return down 10.29% and the 90 day share price return down 10.06%. However, the 1 year total shareholder return of 16.40% and 3 year total shareholder return of 56.70% still point to positive longer term momentum as investors weigh softer subscription trends, higher planned investment and the upcoming Citi Global TMT appearance.
Compare New York Times with a hand picked 54 high quality undervalued stocks that also combine solid cash generation with balance sheet strength as you reassess your watchlist around the Citi Global TMT Conference news.
After a sharp pullback and with New York Times trading below the average analyst target yet above some intrinsic estimates, the key question is where fair value sits within that spread as sentiment resets around the stock.
Most Popular Narrative: 19.4% Undervalued
With New York Times last closing at $67.68 against a narrative fair value of $84.00, the current price sits well below that central estimate while investors reassess the Citi conference appearance and recent pullback.
Robust growth in digital subscriptions driven by an expanding portfolio of bundled offerings (news, Cooking, Games, The Athletic) and a focus on direct consumer relationships positions the company to capture more recurring revenue, strengthen ARPU, and reduce churn, directly supporting long-term revenue and margin expansion.
Want to see how this subscription engine translates into that fair value? The key lies in how fast digital revenue compounds and how far margins are expected to stretch.
Based on this widely followed narrative, the fair value of New York Times anchors on a moderate revenue growth profile, improving profitability and a future earnings multiple above the broader US media sector. Higher assumed margins and a richer P/E help bridge the gap between today's price and the $84.00 estimate, while the model uses a 7.11% discount rate to bring those forecasts back to present day.
Result: Fair Value of $84.00 (UNDERVALUED)
Have a read of the narrative in full and understand what's behind the forecasts.
However, New York Times still faces real pressure from platform driven traffic shifts and the risk that heavy content investment lifts costs faster than subscription and licensing revenue.
Find out about the key risks to this New York Times narrative.
Another View on New York Times Valuation
The narrative fair value of $84.00 suggests New York Times looks undervalued. On earnings multiples, the picture is less generous. The stock trades on a P/E of 27.8x, which is higher than the US Media industry average of 20.7x and the peer average of 16.2x.
Simply Wall St's fair ratio for New York Times is 18.9x P/E. That is a clear gap to the current 27.8x, which points to valuation risk if sentiment cools or growth expectations change. The key question is which anchor matters more at the moment: the narrative fair value or the earnings multiple.
See what the numbers say about this price — find out in our valuation breakdown.
Next Steps
Given the mixed tone around New York Times, now is a good moment to review the full data set and decide where you stand. To see what others view as the key positives, take a closer look at the 3 key rewards .
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include NYT .
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