Upside case
Bull case
$107+2.8%
DIS would need investors to value it at roughly 16x earnings — about 0x more generous than today's 15x forward P/E. That requires meaningful multiple expansion on top of continued earnings growth.
Analysis OverviewBuyUpdated Jun 18, 2026
The Walt Disney Company (DIS) Stock Analysis
Wall Street verdict, consensus price target, and analyst rating breakdown — everything needed to frame the risk/reward at today's price.
Analyst consensus
Buy
Covering
63
analysts
39 bullish · 4 bearish · 63 covering DIS
Strong Buy
0
Buy
39
Hold
20
Sell
4
Strong Sell
0
Consensus Target
$139
+34.0% vs today
Scenario Range
$51 – $107
Model bear to bull value window
Coverage
63
Published analyst ratings
Valuation Context
15.2x
Forward P/E · Market cap $180.4B
DIS price targets
Three scenarios for where DIS stock could go
Current
~$104
Confidence
55 / 100
Updated
Jun 18, 2026
Where we are now
Current · $104
Bear
$51
Base
$81
Bull
$107
Market caseClosest to today
Base case
$81-22.0%
At 12x on FY1 earnings, the base case reflects a reasonable but not stretched valuation. It prices in continued growth without assuming an exceptional setup.
Stress case
Bear case
$51-50.8%
If investor confidence fades or macro conditions deteriorate, a 8x multiple contraction could push DIS down roughly 51% from where it trades now.
Not financial advice. Model confidence reflects internal scenario assumptions, not a guarantee of returns. Past performance does not predict future results.
The Walt Disney Company
DIS · NYSECommunication ServicesEntertainmentSeptember year-end
The Walt Disney Company is a global entertainment conglomerate that creates and distributes content across film, television, and streaming platforms while operating theme parks and consumer products. It generates revenue primarily through its media networks and streaming services (Disney+, ESPN+, Hulu) — roughly 60% of revenue — and its parks, experiences, and products segment — about 30% of revenue. Disney's key competitive advantage is its unparalleled portfolio of iconic intellectual property — including Marvel, Star Wars, Pixar, and Disney classics — which drives cross-platform monetization and creates a powerful content flywheel.
Market Cap
$180.4B
Revenue TTM
$97.3B
Net Income TTM
$11.2B
Net Margin
11.5%
DIS Revenue and Earnings Performance
Quarterly beat-or-miss track record against analyst estimates, plus forward revenue and EPS outlook for the next two fiscal years.
EPS Beat Rate
100%Exceptional
12 quarters tracked
Revenue Beat Rate
58%Exceptional
vs consensus estimates
Avg EPS Surprise
+12.4%
above Street consensus
Beat / Miss Record
BeatMissLeft = EPS · Right = Revenue
Q3 2025
Q4 2025
Q1 2026
Q2 2026
Last 4 Quarters
EPS beats: 4 of 4Q3 2025
EPS
$1.61/$1.45
Revenue
$23.6B/$23.7B
Q4 2025
EPS
$1.11/$1.05
Revenue
$22.5B/$22.8B
Q1 2026
EPS
$1.63/$1.57
Revenue
$26.0B/$25.7B
Q2 2026
EPS
$1.57/$1.49
Revenue
$25.2B/$24.9B
| Quarter | EPS (Actual / Est) | EPS Surprise | Revenue (Actual / Est) | Rev Surprise |
|---|---|---|---|---|
| Q3 2025 | $1.61/$1.45 | +11.0% | $23.6B/$23.7B | -0.5% |
| Q4 2025 | $1.11/$1.05 | +5.7% | $22.5B/$22.8B | -1.3% |
| Q1 2026 | $1.63/$1.57 | +3.8% | $26.0B/$25.7B | +1.1% |
| Q2 2026 | $1.57/$1.49 | +5.4% | $25.2B/$24.9B | +1.2% |
FY1–FY2 Estimates
Revenue Outlook
FY1
$102.4B
+5.3% YoY
FY2
$106.7B
+4.2% YoY
EPS Outlook
FY1
$5.87
-7.3% YoY
FY2
$5.55
-5.5% YoY
Trailing FCF (TTM)$7.1B
FCF Margin: 7.3%
Next Earnings
August 5, 2026
Expected EPS
$1.89
Expected Revenue
$25.5B
DIS beat EPS estimates in 4 of 4 tracked quarters. A perfect track record raises the bar for the upcoming report.
DIS Revenue Breakdown by Segment
Product and geographic revenue mix from the latest annual disclosure, with year-over-year growth by segment.
Latest disclosure
FY 2025
Total disclosed revenue $56.6B
Product Mix
Latest annual revenue by segment or product family
Admission
20.7%
+4.8% YoY
Tap, hover, or focus a slice to inspect segment detail.
Geographic Mix
Latest annual revenue by reported region
Americas
80.9%
+5.9% YoY
Tap, hover, or focus a slice to inspect segment detail.
Admission is the largest disclosed segment at 20.7% of FY 2025 revenue, up 4.8% YoY.
Americas is the largest reported region at 80.9%, up 5.9% YoY.
DIS Valuation Snapshot
Current multiples compared to the S&P 500, the company's sector, and its own five-year average.
Relative Value Signal
Expensive versus peers
Fair value est. $59 — implies -43.4% from today's price.
Premium to Fair Value
43.4%
above fair value
Deep DiscountFair ValueVery Expensive
vs S&P 500 Trailing P/E
DIS
15.2x
vs
S&P 500
24.4x
38% discount
vs Communication Services Trailing P/E
DIS
15.2x
vs
Communication Services
15.3x
In line with benchmark
vs DIS 5Y Avg P/E
Today
15.2x
vs
5Y Average
66.2x
77% discount
Forward PE
15.2x
S&P 500
18.8x
-19%
Communication Services
11.3x
+34%
5Y Avg
—
—
Trailing PE
15.2x
S&P 500
24.4x
-38%
Communication Services
15.3x
-1%
5Y Avg
66.2x
-77%
PEG Ratio
—
S&P 500
1.66x
—
Communication Services
0.64x
—
5Y Avg
—
—
EV/EBITDA
11.5x
S&P 500
15.2x
-25%
Communication Services
9.6x
+19%
5Y Avg
19.6x
-42%
Price/FCF
17.9x
S&P 500
20.7x
-13%
Communication Services
11.4x
+57%
5Y Avg
78.9x
-77%
Price/Sales
1.9x
S&P 500
3.1x
-38%
Communication Services
1.0x
+87%
5Y Avg
2.5x
-24%
Dividend Yield
0.96%
S&P 500
1.91%
-50%
Communication Services
3.43%
-72%
5Y Avg
0.83%
+16%
| Metric | DIS | S&P 500 | Communication Services | 5Y Avg DIS |
|---|---|---|---|---|
| Forward PE | 15.2x | 18.8x-19% | 11.3x+34% | — |
| Trailing PE | 15.2x | 24.4x-38% | 15.3x | 66.2x-77% |
| PEG Ratio | — | 1.66x | 0.64x | — |
| EV/EBITDA | 11.5x | 15.2x-25% | 9.6x+19% | 19.6x-42% |
| Price/FCF | 17.9x | 20.7x-13% | 11.4x+57% | 78.9x-77% |
| Price/Sales | 1.9x | 3.1x-38% | 1.0x+87% | 2.5x-24% |
| Dividend Yield | 0.96% | 1.91% | 3.43% | 0.83% |
DIS trades above S&P 500 benchmarks on 0 of 5 measured multiples — appears modestly priced relative to the S&P 500 on most measures.
Forward P/E and PEG reflect analyst consensus estimates. Historical averages use trailing ratios where forward data is unavailable.S&P 500 and sector benchmarks both use trailing median P/E — similar readings indicate the broader index and sector are priced alike.
Open valuation toolDIS Financial Health
Verdict
Strong
DIS returns 2.9% of market cap to shareholders annually.
Cash Engine
Revenue, margins, and cash generation
Revenue (TTM)
Trailing-twelve-month sales base
$97.3B
Revenue Growth
TTM vs prior year
+3.4%
Gross Margin
Gross profit as a share of revenue
37.2%
Operating Margin
Operating income divided by revenue
15.5%
Net Margin
Net income divided by revenue
11.5%
EPS (TTM)
Diluted earnings per share, trailing twelve months
$6.33
Free Cash Flow (TTM)
Cash generation after capex
$7.1B
FCF Margin
FCF as share of revenue — the primary cash quality signal
7.3%
Capital Quality
ROIC, leverage, and debt serviceability
ROIC
Return on invested capital — primary competitive quality signal
6.9%
ROA
Return on assets, trailing twelve months
5.6%
Cash & Equivalents
Liquid assets on the balance sheet
$5.7B
Net Debt
Total debt minus cash
$39.2B
Debt Serviceability
Net debt as a multiple of annual free cash flow
5.5× FCF
~5.5 years to full repayment at current FCF run-rate
ROE
Return on equity, trailing twelve months
9.8%
Shareholder Returns
How capital is returned to owners
Total shareholder yield
2.9%
Dividend
1.0%
Buyback
1.9%
Share Repurchases
Trailing buyback outflow — dollar magnitude of capital returned
$3.5B
Dividend / Share
Annualized trailing dividend per share
$1.00
Payout Ratio
Share of earnings distributed as dividends
14.5%
Shares Outstanding
Declining as buybacks retire shares
1.7B
All figures from the trailing twelve months. ROIC uses invested capital (equity + net debt).
Open full ratios pageDIS Stock Risk Factors
Key factors that could pressure the stock price, compress the multiple, or weigh on future results.
AI analysis · updated June 17, 2026
High Risk
Linear TV Decline
Disney's linear television networks are underperforming, dragging down financial performance and strategic flexibility.
High Risk
Market Underperformance
DIS is projected to underperform the S&P 500 in 2026 due to structural challenges in its media business.
Medium
Earnings Volatility
Disney's Q1 2026 earnings disappointed the market, leading to a significant stock price drop.
Medium
Strategic Flexibility
The drag from legacy assets limits Disney's ability to pivot strategically in a rapidly changing media landscape.
Lower
Geographic Exposure
Operating across multiple regions (Americas, Europe, Asia Pacific) exposes Disney to varying economic and regulatory risks.
These are risk mechanisms, not predictions. The key question is which would force a cut to earnings estimates or a lower multiple than the market currently prices in.
Why DIS Stock Could Outperform
Structural drivers behind the upside case and why the stock could outperform over the next 12 months.
AI analysis · updated June 17, 2026
Strategic reset execution
Disney continues to execute its strategic reset, which is seen as a positive driver for future performance.
FY-2026 earnings momentum
LongYield emphasizes the expected earnings momentum in fiscal year 2026 as a key bullish factor.
Attractive valuation
The stock's lagging performance offers a rare entry point, with analysts projecting 12-15% annual EPS growth through 2026.
Shareholder-friendly policies
Disney's dividend reinstatement and buybacks, including a 33% hike to $1.00 annually, signal confidence in cash flow and commitment to shareholders.
Free-cash-flow rebound potential
Disney's strength across entertainment, sports, and experiences positions it for a long-term free-cash-flow rebound.
Inflection point opportunity
Disney is at an inflection point, with big changes potentially driving significant investor returns.
A real bull case compounds — each driver matters most when it strengthens margins, supports capital returns, and keeps the company above the market's minimum growth bar simultaneously.
DIS Stock Price Performance
52-week range context and price returns across multiple time horizons. Dividend contribution is shown separately in the Capital Return section.
Current Price
$103.89
52W Range Position
36%
52-Week Range
Current price plotted between the 52-week low and high.
52-Week Low
$92.19
+12.7% from the low
52-Week High
$124.69
-16.7% from the high
1 Month
-0.06%
3 Month
+4.50%
YTD
-7.1%
1 Year
-11.9%
3Y CAGR
+5.0%
5Y CAGR
-9.6%
10Y CAGR
+0.4%
Range context matters because valuation compression and earnings misses rarely hit from the same starting point. A stock already far below its high can still fall, but it is no longer carrying the same embedded optimism as one pressing a fresh peak.
DIS vs Peers
Valuation, growth, and margin comparison against the closest publicly traded peers for this company.
Peer Set
Accurate peer set
Forward PE
15.2x
vs 16.0x median
-5% below peer median
Revenue Growth
+5.3%
vs +6.6% median
-20% below peer median
Net Margin
11.5%
vs 12.2% median
-6% below peer median
| Company | Mkt Cap | Fwd PE | Rev Grw | Margin | Rating | Upside |
|---|---|---|---|---|---|---|
DIS DIS The Walt Disney Company | $180.4B | 15.2x | +5.3% | 11.5% | Buy | +34.0% |
CMC CMCSA Comcast Corporation | $81.7B | 6.4x | +3.1% | 14.8% | Buy | +40.3% |
WBD WBD Warner Bros. Discovery, Inc. | $65.7B | — | +5.6% | -5.8% | Hold | +17.6% |
FOX FOXA Fox Corporation | $22.9B | 10.3x | +6.6% | 10.6% | Hold | +35.2% |
NFL NFLX Netflix, Inc. | $327.9B | 21.7x | +13.0% | 24.3% | Buy | +44.5% |
AMZ AMZN Amazon.com, Inc. | $2.63T | 27.8x | +11.4% | 12.2% | Buy | +25.9% |
This peer comparison reflects companies with similar business models, product lines, or market positioning, supplemented by industry grouping when direct matches are limited.
DIS Dividend and Capital Return
DIS returns capital mainly through $3.5B/year in buybacks (1.9% buyback yield), with a modest 0.96% dividend — combining for 2.9% total shareholder yield.
Dividend SustainableFCF Well Covered
Total Shareholder Yield
2.9%
Dividend + buyback return per year
Buyback Yield
1.9%
Dividend Yield
0.96%
Payout Ratio
14.5%
How DIS Splits Its Return
Div 0.96%
Buyback 1.9%
Dividend 0.96%Buybacks 1.9%
Dividend Profile
Yield, cadence, and growth quality
Dividend / Share
Trailing annualized cash dividend
$1.00
Growth Streak
Consecutive years of dividend increases
2Y
3Y Div CAGR
-5.2%
5Y Div CAGR
-2.2%
Ex-Dividend Date
—
Payment Cadence
Annual
3 payments over the last 12 months
Buyback Engine
How much per-share support comes from repurchases
Repurchases (TTM)
Cash used for buybacks in the latest trailing period
$3.5B
Estimated Shares Retired
34M
Approx. Share Reduction
1.9%
Shares Outstanding
Current diluted share count from the screening snapshot
1.7B
At 1.9%/year, buybacks mechanically lift EPS even with flat earnings — each remaining share represents a slightly larger piece of the company.
| Year | Div / Share | YoY Grw | BB Yield | Total Yield |
|---|---|---|---|---|
| 2026 | $0.75 | — | — | — |
| 2025 | $1.25 | +31.6% | 1.7% | 2.6% |
| 2024 | $0.95 | +216.7% | 1.7% | 2.5% |
| 2023 | $0.30 | — | 0.0% | 0.0% |
| 2019 | $1.76 | +2.3% | 0.1% | 1.5% |
FAQ
7 questionsDIS Investor Questions
Common questions answered from live analyst data and company financials.
01Is The Walt Disney Company (DIS) stock a buy or sell in 2026?
The Walt Disney Company (DIS) is rated Buy by Wall Street analysts as of 2026. Of 63 analysts covering the stock, 39 rate it Buy or Strong Buy, 20 rate it Hold, and 4 rate it Sell or Strong Sell. The consensus 12-month price target is $139, implying +34.0% from the current price of $104. The bear case scenario is $51 and the bull case is $107.
02What is the DIS stock price target for 2026?
The Wall Street consensus price target for DIS is $139 based on 63 analyst estimates. The high-end target is $164 (+57.9% from today), and the low-end target is $119 (+14.5%). The base case model target is $81.
03Is The Walt Disney Company (DIS) stock overvalued in 2026?
DIS trades at 15.2x times forward earnings. The stock currently trades at a discount to the broader market. Based on current multiples versus the peer group, the relative model signals expensive versus peers. Whether the stock is over or undervalued ultimately depends on whether consensus earnings estimates are achievable.
04What are the main risks for The Walt Disney Company (DIS) stock in 2026?
The primary risks for DIS in 2026 are: (1) Linear TV Decline — Disney's linear television networks are underperforming, dragging down financial performance and strategic flexibility. (2) Market Underperformance — DIS is projected to underperform the S&P 500 in 2026 due to structural challenges in its media business. (3) Earnings Volatility — Disney's Q1 2026 earnings disappointed the market, leading to a significant stock price drop. Each factor has the potential to pressure earnings or compress the stock's valuation multiple.
05What is The Walt Disney Company's revenue and earnings forecast?
Analyst consensus estimates DIS will report consensus revenue of $102.4B (+5.3% year-over-year) and EPS of $5.87 (-7.3% year-over-year) for the upcoming fiscal year. The following year, analysts project $106.7B in revenue.
06When does The Walt Disney Company (DIS) report its next earnings?
The Walt Disney Company is expected to report its next earnings on approximately 2026-08-05. Consensus expects EPS of $1.89 and revenue of $25.5B. Over recent quarters, DIS has beaten EPS estimates 100% of the time.
07How much free cash flow does The Walt Disney Company generate?
The Walt Disney Company (DIS) generated $7.1B in free cash flow over the trailing twelve months — a free cash flow margin of 7.3%. DIS returns capital to shareholders through dividends (1.0% yield) and share repurchases ($3.5B TTM).