The Walt Disney Company (DIS) Financial Ratios
30 years of historical data (1996–2025) · Communication Services · Entertainment
EV/EBITDA
↓
11.44
↓-42% vs avg
5yr avg: 19.60
30Y Low7.1·High41.5
P/FCF
↓
17.86
↓-77% vs avg
5yr avg: 78.90
30Y Low10.6·High161.8
P/B Ratio
↓
1.59
↓-17% vs avg
5yr avg: 1.90
30Y Low1.3·High3.6
ROE
↑
11.3%
↓+146% vs avg
5yr avg: 4.6%
30Y Low-3%·High25%
Debt/EBITDA
↓
2.34
↓-41% vs avg
5yr avg: 3.97
30Y Low1.1·High6.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
DIS Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
The Walt Disney Company trades at 14.7x earnings, 78% below its 5-year average of 66.2x, sitting at the 11th percentile of its historical range. This is roughly in line with the Communication Services sector median P/E of 15.0x. On a free-cash-flow basis, the stock trades at 17.9x P/FCF, 77% below the 5-year average of 78.9x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $180.0B | $205.5B | $175.8B | $148.3B | $172.3B | $321.7B | $221.6B | $217.1B | $176.2B | $155.5B | $152.2B |
| Enterprise Value | $219.1B | $244.7B | $219.3B | $184.8B | $213.0B | $364.1B | $266.0B | $258.7B | $193.0B | $176.8B | $167.8B |
| P/E Ratio → | 14.67 | 16.56 | 35.30 | 62.83 | 54.84 | 161.48 | — | 19.63 | 13.99 | 17.32 | 16.21 |
| P/S Ratio | 1.91 | 2.18 | 1.92 | 1.67 | 2.08 | 4.77 | 3.39 | 3.12 | 2.97 | 2.82 | 2.74 |
| P/B Ratio | 1.59 | 1.79 | 1.67 | 1.31 | 1.59 | 3.15 | 2.27 | 2.11 | 3.27 | 3.37 | 3.22 |
| P/FCF | 17.86 | 20.39 | 20.54 | 30.29 | 161.52 | 161.76 | 61.62 | 125.50 | 17.93 | 17.84 | 18.03 |
| P/OCF | 9.94 | 11.35 | 12.58 | 15.03 | 28.68 | 57.80 | 29.09 | 32.87 | 12.33 | 12.60 | 11.52 |
P/E links to full P/E history page with 30-year chart
DIS EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
The Walt Disney Company's enterprise value stands at 11.4x EBITDA, 42% below its 5-year average of 19.6x. The Communication Services sector median is 8.4x, placing the stock at a 36% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.59 | 2.40 | 2.08 | 2.57 | 5.40 | 4.07 | 3.72 | 3.25 | 3.21 | 3.02 |
| EV / EBITDA | 11.44 | 12.77 | 12.97 | 12.87 | 17.85 | 41.52 | 29.10 | 16.17 | 10.81 | 10.62 | 9.94 |
| EV / EBIT | 15.84 | 17.71 | 22.75 | 27.41 | 31.17 | 91.78 | — | 17.36 | 12.61 | 12.37 | 11.02 |
| EV / FCF | — | 24.28 | 25.62 | 37.74 | 199.61 | 183.06 | 73.96 | 149.51 | 19.63 | 20.28 | 19.88 |
DIS Profitability
Margins and return-on-capital ratios measuring operating efficiency
The Walt Disney Company earns an operating margin of 14.6%. Operating margins have expanded from 10.1% to 14.6% over the past 3 years, signaling improving operational efficiency. ROE of 11.3% is modest. ROIC of 6.9% represents adequate returns on invested capital.
Margins
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 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 37.8% | 37.8% | 35.8% | 33.4% | 34.2% | 33.1% | 32.9% | 39.6% | 44.9% | 45.0% | 46.1% |
| Operating Margin | 14.6% | 14.6% | 13.0% | 10.1% | 8.2% | 5.4% | 5.8% | 17.0% | 25.0% | 25.2% | 25.8% |
| Net Profit Margin | 13.1% | 13.1% | 5.4% | 2.6% | 3.8% | 3.0% | -4.4% | 15.9% | 21.2% | 16.3% | 16.9% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 11.3% | 11.3% | 4.6% | 2.1% | 3.0% | 2.0% | -2.9% | 14.1% | 25.2% | 19.2% | 19.6% |
| ROA | 6.3% | 6.3% | 2.5% | 1.2% | 1.5% | 1.0% | -1.4% | 7.6% | 13.0% | 9.6% | 10.4% |
| ROIC | 6.9% | 6.9% | 6.0% | 4.5% | 3.5% | 1.9% | 2.0% | 8.2% | 16.1% | 16.0% | 17.3% |
| ROCE | 8.5% | 8.5% | 7.1% | 5.2% | 3.9% | 2.1% | 2.2% | 9.7% | 18.9% | 18.3% | 19.5% |
DIS Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
The Walt Disney Company carries a Debt/EBITDA ratio of 2.3x, which is manageable (33% below the sector average of 3.5x). Net debt stands at $39.2B ($44.9B total debt minus $5.7B cash). Interest coverage of 7.6x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.39 | 0.39 | 0.47 | 0.45 | 0.48 | 0.57 | 0.64 | 0.46 | 0.39 | 0.55 | 0.43 |
| Debt / EBITDA | 2.34 | 2.34 | 2.93 | 3.53 | 4.38 | 6.65 | 6.82 | 2.94 | 1.17 | 1.52 | 1.19 |
| Net Debt / Equity | — | 0.34 | 0.41 | 0.32 | 0.37 | 0.41 | 0.46 | 0.40 | 0.31 | 0.46 | 0.33 |
| Net Debt / EBITDA | 2.05 | 2.05 | 2.57 | 2.54 | 3.41 | 4.83 | 4.86 | 2.60 | 0.94 | 1.28 | 0.92 |
| Debt / FCF | — | 3.89 | 5.08 | 7.45 | 38.09 | 21.29 | 12.35 | 24.01 | 1.70 | 2.44 | 1.84 |
| Interest Coverage | 7.63 | 7.63 | 8.23 | 6.17 | 4.37 | 2.37 | 2.30 | 9.49 | 21.02 | 27.36 | 40.56 |
DIS Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.71x is below 1.0, meaning current liabilities exceed current assets — though the company's $5.7B cash position helps mitigate short-term liquidity concerns. The current ratio has declined from 1.05x to 0.71x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.71 | 0.71 | 0.73 | 1.05 | 1.00 | 1.08 | 1.32 | 0.89 | 0.94 | 0.81 | 1.01 |
| Quick Ratio | 0.65 | 0.65 | 0.67 | 0.99 | 0.94 | 1.04 | 1.26 | 0.84 | 0.86 | 0.74 | 0.92 |
| Cash Ratio | 0.17 | 0.17 | 0.17 | 0.46 | 0.40 | 0.51 | 0.67 | 0.17 | 0.23 | 0.21 | 0.27 |
| Asset Turnover | — | 0.48 | 0.47 | 0.43 | 0.41 | 0.33 | 0.32 | 0.36 | 0.60 | 0.58 | 0.60 |
| Inventory Turnover | 27.54 | 27.54 | 29.03 | 30.16 | 31.23 | 33.91 | 27.72 | 25.51 | 23.51 | 22.07 | 21.58 |
| Days Sales Outstanding | — | 51.09 | 50.85 | 50.62 | 55.83 | 72.37 | 70.94 | 81.18 | 57.32 | 57.15 | 59.48 |
DIS Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
The Walt Disney Company returns 2.9% to shareholders annually — split between a 1.0% dividend yield and 1.9% buyback yield. The payout ratio of 14.5% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 6.8% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
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 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.0% | 0.9% | 0.8% | — | — | — | 0.7% | 1.3% | 1.4% | 1.6% | 1.5% |
| Payout Ratio | 14.5% | 14.5% | 27.5% | — | — | — | — | 26.2% | 20.0% | 27.2% | 24.6% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.8% | 6.0% | 2.8% | 1.6% | 1.8% | 0.6% | — | 5.1% | 7.1% | 5.8% | 6.2% |
| FCF Yield | 5.6% | 4.9% | 4.9% | 3.3% | 0.6% | 0.6% | 1.6% | 0.8% | 5.6% | 5.6% | 5.5% |
| Buyback Yield | 1.9% | 1.7% | 1.7% | 0.0% | 0.0% | 0.0% | 0.0% | 0.1% | 2.0% | 6.0% | 4.9% |
| Total Shareholder Yield | 2.9% | 2.6% | 2.5% | 0.0% | 0.0% | 0.0% | 0.7% | 1.5% | 3.5% | 7.6% | 6.4% |
| Shares Outstanding | — | $1.8B | $1.8B | $1.8B | $1.8B | $1.8B | $1.8B | $1.7B | $1.5B | $1.6B | $1.6B |
Peer Comparison
Compare DIS with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 DISYou | $180B | 14.7 | 11.4 | 17.9 | 37.8% | 14.6% | 11.3% | 6.9% | 2.3 |
 CMCSA | $96B | 4.9 | 5.4 | 4.4 | 60.1% | 16.7% | 21.6% | 8.2% | 3.0 |
 WBD | $74B | -5.9 | 9.9 | 16.7 | 41.6% | -25.5% | -27.8% | -9.7% | 3.6 |
 FOXA | $14B | 12.7 | 4.4 | 4.7 | 33.1% | 19.8% | 19.3% | 16.5% | 2.1 |
 NFLX | $372B | 34.7 | 12.6 | 39.4 | 48.5% | 29.5% | 42.8% | 29.8% | 0.5 |
 AMZN | $2.9T | 38.1 | 20.6 | 382.3 | 50.3% | 11.2% | 22.3% | 14.7% | 1.0 |
 AAPL | $4.2T | 38.1 | 29.4 | 42.2 | 46.9% | 32.0% | 171.4% | 67.4% | 0.8 |
 SONY | $120B | 16.7 | 11.1 | 11.2 | 28.4% | 10.9% | 14.0% | 10.7% | 2.3 |
 MSFT | $3.1T | 30.2 | 19.3 | 42.7 | 68.8% | 45.6% | 33.3% | 24.9% | 0.7 |
 IMAX | $2B | 56.7 | 13.1 | 16.2 | 57.9% | 23.3% | 8.7% | 12.7% | 1.9 |
 AMC | $973M | -1.3 | 4.7 | — | 75.0% | 38.1% | — | 23.7% | 4.4 |
| Communication Services Median | — | 15.0 | 8.4 | 11.8 | 49.1% | 1.0% | 2.4% | 3.3% | 3.5 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonDIS — Frequently Asked Questions
Quick answers to the most common questions about buying DIS stock.
What is The Walt Disney Company's P/E ratio?
The Walt Disney Company's current P/E ratio is 14.7x. The historical average is 35.2x. This places it at the 11th percentile of its historical range.
What is The Walt Disney Company's EV/EBITDA?
The Walt Disney Company's current EV/EBITDA is 11.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.8x.
What is The Walt Disney Company's ROE?
The Walt Disney Company's return on equity (ROE) is 11.3%. The historical average is 10.0%.
Is DIS stock overvalued?
Based on historical data, The Walt Disney Company is trading at a P/E of 14.7x. This is at the 11th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is The Walt Disney Company's dividend yield?
The Walt Disney Company's current dividend yield is 0.99% with a payout ratio of 14.5%.
What are The Walt Disney Company's profit margins?
The Walt Disney Company has 37.8% gross margin and 14.6% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does The Walt Disney Company have?
The Walt Disney Company's Debt/EBITDA ratio is 2.3x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.