Latest Ratios: P/E Ratio 11.4x · EV/EBITDA 7.4x · ROE 19.3%. (2017–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $24.5B | $25.8B | $16.5B | $18.1B | $18.3B | $22.1B | $16.5B | $22.8B | — | — |
| Enterprise Value | $26.6B | $27.9B | $20.3B | $22.0B | $20.8B | $24.7B | $20.4B | $26.3B | — | — |
| P/E Ratio → | 11.38 | 11.41 | 10.98 | 14.59 | 15.24 | 10.29 | 16.56 | 14.26 | — | — |
| P/S Ratio | 1.50 | 1.58 | 1.18 | 1.21 | 1.31 | 1.71 | 1.34 | 2.00 | — | — |
| P/B Ratio | 2.08 | 2.09 | 1.49 | 1.69 | 1.59 | 1.94 | 1.59 | 2.24 | — | — |
| P/FCF | 8.19 | 8.63 | 11.04 | 12.51 | 11.62 | 10.25 | 8.24 | 9.94 | — | — |
| P/OCF | 7.37 | 7.77 | 8.97 | 10.03 | 9.73 | 8.37 | 6.99 | 9.01 | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.71 | 1.45 | 1.47 | 1.49 | 1.91 | 1.66 | 2.31 | — | — |
| EV / EBITDA | 7.36 | 7.73 | 7.09 | 6.93 | 7.10 | 8.05 | 7.40 | 9.94 | — | — |
| EV / EBIT | 8.24 | 8.07 | 8.10 | 10.55 | 10.07 | 7.44 | 11.13 | 10.82 | — | — |
| EV / FCF | — | 9.34 | 13.60 | 15.24 | 13.22 | 11.44 | 10.17 | 11.48 | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 33.1% | 33.1% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating Margin | 19.8% | 19.8% | 17.7% | 18.5% | 18.4% | 21.4% | 20.3% | 21.3% | 21.8% | 25.6% |
| Net Profit Margin | 13.9% | 13.9% | 10.7% | 8.3% | 8.6% | 16.7% | 8.1% | 14.0% | 21.5% | 13.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 19.3% | 19.3% | 13.8% | 11.2% | 10.5% | 19.7% | 9.7% | 15.9% | 27.1% | 22.0% |
| ROA | 10.0% | 10.0% | 6.8% | 5.6% | 5.3% | 9.6% | 4.8% | 9.8% | 18.6% | 13.3% |
| ROIC | 16.5% | 16.5% | 12.6% | 14.5% | 13.8% | 14.7% | 13.4% | 17.3% | 24.4% | 30.5% |
| ROCE | 16.4% | 16.4% | 13.4% | 14.6% | 12.9% | 13.9% | 13.3% | 16.7% | 22.5% | 30.5% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.60 | 0.60 | 0.74 | 0.77 | 0.67 | 0.74 | 0.82 | 0.67 | — | — |
| Debt / EBITDA | 2.07 | 2.07 | 2.84 | 2.58 | 2.63 | 2.76 | 3.09 | 2.55 | — | — |
| Net Debt / Equity | — | 0.17 | 0.35 | 0.37 | 0.22 | 0.23 | 0.37 | 0.35 | -0.25 | -0.00 |
| Net Debt / EBITDA | 0.58 | 0.58 | 1.34 | 1.24 | 0.86 | 0.84 | 1.41 | 1.33 | -1.05 | -0.01 |
| Debt / FCF | — | 0.71 | 2.56 | 2.73 | 1.60 | 1.19 | 1.93 | 1.54 | -2.27 | -0.01 |
| Interest Coverage | 8.60 | 8.60 | 6.20 | 5.97 | 5.49 | 8.39 | 4.97 | 11.96 | 51.47 | 98.43 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.91 | 2.91 | 2.54 | 1.93 | 3.61 | 2.91 | 3.93 | 3.78 | 3.17 | 1.37 |
| Quick Ratio | 2.76 | 2.76 | 2.33 | 1.78 | 3.26 | 2.67 | 3.48 | 3.12 | 2.50 | 0.86 |
| Cash Ratio | 1.85 | 1.85 | 1.46 | 1.14 | 2.26 | 1.96 | 2.44 | 1.89 | 1.42 | 0.01 |
| Asset Turnover | — | 0.70 | 0.64 | 0.68 | 0.63 | 0.56 | 0.57 | 0.58 | 0.77 | 0.96 |
| Inventory Turnover | 25.24 | 25.24 | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 55.35 | 61.72 | 53.28 | 55.58 | 57.37 | 56.01 | 63.04 | 65.90 | 62.29 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.1% | 1.1% | 1.7% | 1.7% | 1.7% | 1.5% | 2.0% | 29.4% | — | — |
| Payout Ratio | 12.2% | 12.2% | 18.7% | 24.1% | 25.5% | 15.3% | 33.5% | 419.3% | 3.5% | 2.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 8.8% | 8.8% | 9.1% | 6.9% | 6.6% | 9.7% | 6.0% | 7.0% | — | — |
| FCF Yield | 12.2% | 11.6% | 9.1% | 8.0% | 8.6% | 9.8% | 12.1% | 10.1% | — | — |
| Buyback Yield | 4.1% | 3.9% | 6.1% | 11.1% | 5.5% | 4.5% | 3.6% | 0.0% | — | — |
| Total Shareholder Yield | 5.2% | 4.9% | 7.8% | 12.7% | 7.1% | 6.0% | 5.7% | 29.4% | — | — |
| Shares Outstanding | — | $461M | $480M | $531M | $570M | $595M | $616M | $621M | $620M | $620M |
Sports rights cost inflation
According to current market data, FOXA trades at a forward P/E of 9.92, which appears to discount the structural decline of linear television while potentially underestimating the long-term value of its live sports and news assets relative to peers like Warner Bros. Discovery.
The current valuation multiple suggests that investors are pricing in a terminal decline for the linear bundle, yet the PEG ratio of 0.41 indicates that the stock may be undervalued if the company successfully pivots to digital platforms like Tubi. This valuation gap warrants further investigation into whether the market is correctly distinguishing Fox's high-affinity content from the broader, more vulnerable entertainment conglomerates.
Based on reported financial statements, ROIC has fluctuated between 1.2% and 4.8% over the last ten quarters, suggesting that the company's ability to compound capital is heavily tethered to the cyclical nature of its sports rights investments and biennial political advertising revenue surges.
The inconsistency in ROIC appears to be driven by the lumpiness of content amortization rather than a fundamental decay in the business model. Investors should monitor whether management can improve these returns as the digital-first Tubi segment scales and begins to contribute more meaningfully to the overall capital efficiency of the firm.
As indicated by recent SEC filings, the company's cash conversion cycle remains highly erratic, with quarterly figures swinging from 9 to 73 days, reflecting the significant impact of seasonal sports rights payments and the timing of advertising receivables on the firm's operational efficiency.
The volatility in the cash conversion cycle suggests that Fox's working capital management is largely reactive to the sports calendar rather than optimized for steady-state operations. This operational reality implies that liquidity management must remain a priority to bridge the gaps between major cash outflows for content and the subsequent inflow of advertising revenue.
Based on a comparison with industry peers, FOXA's EV/EBITDA of 6.66 sits significantly below the broader media sector, which may indicate that the market is applying a 'linear survivor' discount despite the company's relatively stronger balance sheet and lower debt-to-equity ratio compared to Comcast.
While peers like Warner Bros. Discovery struggle with high leverage and streaming losses, Fox's focus on live news and sports provides a distinct competitive profile. The valuation gap appears structural, suggesting that Fox may be better positioned to weather a downturn, provided it can continue to extract affiliate fee growth from its core distribution partners.
The P/E ratio is frequently misapplied to Fox Corporation, as it obscures the underlying economic reality of content amortization and the cyclical nature of political advertising, which can artificially depress or inflate earnings in any given quarter, leading to a distorted view of true earning power.
Analysts should instead focus on FCF margins and normalized EBITDA, which better account for the cash-heavy nature of sports rights acquisitions. Relying solely on P/E ignores the company's ability to generate cash during peak sports cycles, which is the primary driver of its capital allocation strategy and long-term shareholder value.
Includes 30+ ratios · 9 years · Updated daily
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Quick answers to the most common questions about buying FOXA stock.
Fox Corporation's current P/E ratio is 11.4x. The historical average is 13.3x. This places it at the 29th percentile of its historical range.
Fox Corporation's current EV/EBITDA is 7.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 7.7x.
Fox Corporation's return on equity (ROE) is 19.3%. The historical average is 16.6%.
Based on historical data, Fox Corporation is trading at a P/E of 11.4x. This is at the 29th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Fox Corporation's current dividend yield is 1.08% with a payout ratio of 12.2%.
Fox Corporation has 33.1% gross margin and 19.8% operating margin. Operating margin between 10-20% is typical for established companies.
Fox Corporation's Debt/EBITDA ratio is 2.1x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.