Valuation, from the filing
| Public float | $600.00M | Market value of stock held by non-affiliates, as stated on the cover page for 2025-06-30 |
|---|---|---|
| Float per share | $10.85 | Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself. |
| Float / revenue | 1.7× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / equity | 0.7× | A lower bound on the multiple, because affiliate holdings are excluded. |
Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.
Valuation over time
3.6× earnings today, against a median of 22.6× across 7 years on record. Below its own history.
| Float measured | Public float | Float / net income | |
|---|---|---|---|
| 2024-06-30 | $700.00M | 3.6× | |
| 2023-06-30 | $700.00M | 87.1× | |
| 2021-06-30 | $1.70B | 1.7× | |
| 2020-06-30 | $2.40B | 19.1× | |
| 2019-06-30 | $1.80B | 32.4× | |
| 2018-06-30 | $1.60B | 34.3× | |
| 2017-06-30 | $1.50B | 22.6× |
Each float is paired with the fiscal year the filing that stated it covers. Only years where the company reported positive net income appear, because a multiple against a loss is not a multiple.
How this compares in its industry
Percentile among the Telephone Communications (No Radiotelephone) filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.
| Measure | Reported | Percentile | |
|---|---|---|---|
| CapEx / revenue | 100.3% | 100th | |
| FCF margin | -72.1% | 9th | |
| SBC / revenue | 2.7% | 78th | |
| Current ratio | 0.90x | 25th | |
| Net margin | -9.2% | 27th | |
| Revenue YoY growth | 9.1% | 69th | |
| Long-term debt / equity | 0.71x | 38th | |
| Operating margin | -6.5% | 44th |
SHENANDOAH TELECOMMUNICATIONS CO/VA/ (SHEN) reported revenue of $371.14M and net income of -$38.00M for the fiscal year ended 2026-09-30. This page shows 1 annual period of income statement, balance sheet and cash flow figures normalized from SHENANDOAH TELECOMMUNICATIONS CO/VA/’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Telephone Communications (No Radiotelephone).
Income
| Metric | 2026-09-30 |
|---|---|
| Revenue | $371.14M |
| Cost of revenue | Unavailable |
| Gross profit | Unavailable |
| Operating income | -$14.34M |
| Net income | -$38.00M |
| Research & development | Unavailable |
| Weighted-average diluted shares | Unavailable |
| Pretax income | -$49.47M |
| Income tax expense | -$11.47M |
| Diluted EPS | Unavailable |
| Selling, general & administrative | $121.22M |
| General & administrative | Unavailable |
| Selling & marketing | Unavailable |
Balance
| Metric | 2026-09-30 |
|---|---|
| Cash & equivalents | $18.65M |
| Total assets | $2.01B |
| Current assets | $88.10M |
| Total liabilities | Unavailable |
| Current liabilities | $123.31M |
| Total equity incl. NCI | $850.65M |
| Temporary (mezzanine) equity | $93.32M |
| Inventory | Unavailable |
| Accounts receivable | $22.38M |
| Goodwill | $67.54M |
| Long-term debt | $747.09M |
| Accounts payable | $68.22M |
Cash flow
| Metric | 2026-09-30 |
|---|---|
| Operating cash flow | $105.44M |
| Capital expenditures | $322.39M |
| Investing cash flow | -$276.87M |
| Financing cash flow | $194.47M |
| Net change in cash | $23.04M |
| Stock-based compensation | $10.05M |
| Common dividends paid | Unavailable |
| Common share repurchases | Unavailable |
| Depreciation & amortization | $130.13M |
Derived
| Metric | 2026-09-30 |
|---|---|
| Free cash flow | -$216.95M |
| Gross margin | Unavailable |
| Operating margin | -3.9% |
| FCF margin | -58.5% |
| SBC / revenue | 2.7% |
| Current ratio | 0.71x |
| Revenue YoY growth | 5.5% |
| Net margin | -10.2% |
| R&D / revenue | Unavailable |
| CapEx / revenue | 86.9% |
| Long-term debt / equity | 0.88x |
| Effective tax rate | Unavailable |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open SHEN in the interactive workspace to inspect any figure back to its filing.
Source filings
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.