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Independent research · Est. October 2026
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Stock X-Ray · Communication Services · S&P 500 Full Coverage — Phase 1

Charter Communications (CHTR)

X-Ray dated Oct 28, 2026 · Share price as of Oct 28, 2026 intraday, when the valuation snapshot was captured · Financials from SEC filings (EDGAR) · Valuation multiples from a labelled secondary source
The verdict — valuation label: FAIRLY PRICED

Forward P/E is 2.37x against a peer median of 8.43x, a ratio of 0.28x — well below the fair range — with trailing P/E 2.73x and PEG 0.18. Latest-quarter revenue fell 1.7% year over year (PRIMARY, EDGAR), so the apparent discount fails the value-trap check: revenue is shrinking and the cluster median is also negative, which is why the label is FAIRLY PRICED rather than UNDERVALUED. Delivered demand check: the Telecom & cable group's median growth was -1.2% year over year — demand falling, and this company is shrinking slightly faster than that pace.

2.4×
Forward P/E — price vs next year’s expected earnings (secondary source)
8.4×
Peer median forward P/E — closest comparable companies
2.7×
Trailing P/E — price vs the last twelve months of earnings
0.3×
Price / sales

What would change this label: Move to UNDERVALUED if revenue growth returns above 0% year over year for two quarters while the forward P/E stays below about 7.6x (0.90x the peer median). Move to OVERVALUED if the forward P/E rises above about 9.7x (1.15x the peer median) at unchanged estimates while revenue is still shrinking.

In simple words

Charter sells broadband internet, cable TV and phone service. Its shares look very cheap at about 2 times next year's expected earnings, but its sales are shrinking and sales across its group are shrinking too. That mix makes the shares fairly priced rather than a clear bargain.

Words we use, in plain English: P/E ratio — the share price divided by earnings per share; how many dollars you pay for one dollar of yearly profit. Forward P/E — the same, using next year’s expected earnings. Free cash flow — cash a company has left after running the business and buying equipment. TTM — the last twelve months. Drawdown — the worst fall from a peak to the low after it.
The share price vs the market — six years
Charter Communications (CHTR)S&P 500 (SPY)
1601191782362021202220232024202520262020-09-012026-10-27

Both lines start at 100 on 2020-09-01. Over the full window Charter Communications returned -83.00% and the S&P 500 +118.28% (price returns; dividends not reinvested). Worst peak-to-trough fall for Charter Communications: -87.5% (2021-09-02 to 2026-10-26). Source: Nasdaq official daily history.

What the label rests on

Forward P/E is 2.37x against a peer median of 8.43x, a ratio of 0.28x — well below the fair range — with trailing P/E 2.73x and PEG 0.18. Latest-quarter revenue fell 1.7% year over year (PRIMARY, EDGAR), so the apparent discount fails the value-trap check: revenue is shrinking and the cluster median is also negative, which is why the label is FAIRLY PRICED rather than UNDERVALUED. Delivered demand check: the Telecom & cable group's median growth was -1.2% year over year — demand falling, and this company is shrinking slightly faster than that pace. The company’s forward P/E is 2.4× against a peer median of 8.4×. Its own history: UNVERIFIED — no sourced range available. Sector demand read: Delivered demand check: the Telecom & cable group's median latest-quarter revenue growth was -1.2% year over year (SEC filings) — demand falling. This company fell slightly faster, at -1.7% year over year. Latest-quarter sales growth was -1.7% versus a year earlier (SEC filings).

CompanyPrice (Oct 28, 2026)Forward P/ETrailing P/E
Charter Communications (CHTR)$105.052.4×2.7×
ECHO—36.6×—
CMCSA—6.3×6.9×
T—8.2×11.2×
TMUS—11.6×15.3×
VZ—8.4×11.2×
Peer median8.4×

Multiples: stockanalysis.com (SECONDARY, S&P Global data), fetched Oct 28, 2026. Peer set chosen by sector; the median is the middle value of the set. The label and its numbers were recorded in the programme’s label registry on Oct 28, 2026 and will be scored at 6 and 12 months.

Sales, profit and cash

Sales and profit each quarter
SalesNet income (profit)
$0B$5B$10B$16BSep 2020Sep 2021Sep 2022Sep 2023Sep 2024Sep 2025Jun 2026

This company does not report a gross-profit line in its SEC facts (normal for banks, payment networks and some health insurers), so profit is shown as net income instead — gross margin is marked UNVERIFIED-absent rather than estimated.

Cash left over each quarter (free cash flow)
PositiveNegative
$-2B$0B$2BSep 2020Sep 2021Sep 2022Sep 2023Sep 2024Sep 2025Jun 2026

Free cash flow = cash from operations minus spending on plant and equipment, both from the company’s SEC cash-flow statement. Gaps are quarters where that spending line is not separately tagged in the filings — shown as gaps, never estimated.

QuarterSalesGross marginNet incomeEPS (GAAP, diluted)Free cash flow
Q/E Jun 2026
2026-06-30
$13.5B—$1.3B10.66$1.1B
Q/E Mar 2026
2026-03-31
$13.6B—$1.2B9.17$1.4B
Q/E Dec 2025
2025-12-31
$13.6B—$1.3B—$426M
Q/E Sep 2025
2025-09-30
$13.7B—$1.1B8.34$1.4B
Q/E Jun 2025
2025-06-30
$13.8B—$1.3B9.18$726M
Q/E Mar 2025
2025-03-31
$13.7B—$1.2B8.42$1.8B
Q/E Dec 2024
2024-12-31
$13.9B—$1.5B—$398M
Q/E Sep 2024
2024-09-30
$13.8B—$1.3B8.82$1.3B
Q/E Jun 2024
2024-06-30
$13.7B—$1.2B8.49$1.0B
Q/E Mar 2024
2024-03-31
$13.7B—$1.1B7.55$421M
Q/E Dec 2023
2023-12-31
$13.7B—$1.1B—$999M
Q/E Sep 2023
2023-09-30
$13.6B—$1.3B8.25$983M

The last twelve reported quarters. Full 24-quarter history sits in the data pack behind this page. A dash means the figure is not tagged as a standalone quarter in the company’s SEC facts (the usual case is the fourth quarter, which many companies only report inside the full-year filing) — it is missing, not zero.

Earnings: getting better or worse?

Each box is one quarter’s earnings per share (EPS). Green means EPS was higher than the same quarter a year earlier; red means lower; a dash means the figure is not tagged in the filings.

Sep 2022
7.38
Dec 2022
—
Mar 2023
6.65
Jun 2023
8.05
Sep 2023
8.25
Dec 2023
—
Mar 2024
7.55
Jun 2024
8.49
Sep 2024
8.82
Dec 2024
—
Mar 2025
8.42
Jun 2025
9.18
Sep 2025
8.34
Dec 2025
—
Mar 2026
9.17
Jun 2026
10.66

Basis: GAAP diluted EPS from SEC company facts, compared with the same quarter a year earlier.

Key facts

ItemValue
Company (legal name in filings)CHARTER COMMUNICATIONS, INC. /MO/
Chief executiveChris Winfrey (source: https://en.wikipedia.org/wiki/Charter_Communications)
SectorCommunication Services — Cable & Satellite — sells broadband internet, cable TV and mobile phone service to homes and businesses
Share price (Oct 28, 2026)$105.05
Market value (market cap)$12.7B — share price times shares outstanding of 121,255,667 (SEC filings; SEC EDGAR WeightedAverageNumberOfDilutedSharesOutstanding (latest quarter; dei EntityCommonStockSharesOutstanding series is stale for this filer))
Sales, last twelve months$54.4B
Net income, last twelve months$4.9B
Free cash flow, last twelve months$4.4B
Latest reported quarterQ/E Jun 2026 (of 24 quarters in the data pack)
Six-year price return vs S&P 500-83.00% vs +118.28%
Worst peak-to-trough fall-87.5% (2021-09-02 to 2026-10-26)

What we could not verify

  • Gross profit / gross margin: not tagged as a standalone line in this company's EDGAR company facts (common for banks, payment networks and some healthcare payers) — shown as UNVERIFIED-absent; the page charts revenue and net income instead.
  • TTM GAAP diluted EPS could not be summed from company facts because at least one of the last four quarters (typically Q4) has no standalone tagged EPS; trailing P/E is therefore taken from the labelled secondary source in valuation_label.md.
  • Own-history P/E range not yet compiled for this company in the Phase 1 batch run; the label rests on peer-median, growth and PEG evidence.
  • Guidance record (each quarter scored against the guidance the company gave the quarter before) is not yet compiled for this company — it is a Phase 2 layer. The earnings strip below therefore uses reported EPS versus a year earlier, which is fully sourced from filings.

The IT factor — the most exciting thing the market is overlooking — is not assessed on an X-Ray page. It belongs to the Deep Dive (Phase 2), where it gets the evidence standard it needs. Leadership-era scoring (the six years split by chief executive) is likewise a Phase 2 layer; this page names the current chief executive only, from a sourced profile.

Sources

  • SEC EDGAR submissions — Filing index; company legal name. https://data.sec.gov/submissions/CIK0001091667.json
  • SEC EDGAR company facts — Quarterly financial spine: revenue, gross profit, net income, GAAP diluted EPS, operating cash flow, PP&E capex, buybacks, dividends, diluted shares. https://data.sec.gov/api/xbrl/companyfacts/CIK0001091667.json
  • Nasdaq official daily history — Daily closes for the company; SPY (assetclass=etf) saved as raw/nasdaq_spy_raw.json over identical dates. https://api.nasdaq.com/api/quote/CHTR/historical?assetclass=stocks
  • Valuation multiples and peer figures — stockanalysis.com (SECONDARY, S&P Global data), fetched Oct 28, 2026; see valuation_label.md in the data pack.

Conventions: earliest-filed value per period, as first reported; cash-flow years-to-date differenced quarter by quarter; EPS never differenced; free cash flow = operating cash flow minus plant-and-equipment spending. This page is a dated snapshot — updates are new versions, never silent edits.

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