30 years of historical data (1996–2025) · Communication Services · Entertainment
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
The Walt Disney Company trades at 15.3x earnings, 77% below its 5-year average of 66.2x, sitting at the 14th percentile of its historical range. This is roughly in line with the Communication Services sector median P/E of 14.8x. On a free-cash-flow basis, the stock trades at 18.7x P/FCF, 76% 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 | $188.2B | $205.5B | $175.8B | $148.3B | $172.3B | $321.7B | $221.6B | $217.1B | $176.2B | $155.5B | $152.2B |
| Enterprise Value | $227.3B | $244.7B | $219.3B | $184.8B | $213.0B | $364.1B | $266.0B | $258.7B | $193.0B | $176.8B | $167.8B |
| P/E Ratio → | 15.34 | 16.56 | 35.30 | 62.83 | 54.84 | 161.48 | — | 19.63 | 13.99 | 17.32 | 16.21 |
| P/S Ratio | 1.99 | 2.18 | 1.92 | 1.67 | 2.08 | 4.77 | 3.39 | 3.12 | 2.97 | 2.82 | 2.74 |
| P/B Ratio | 1.66 | 1.79 | 1.67 | 1.31 | 1.59 | 3.15 | 2.27 | 2.11 | 3.27 | 3.37 | 3.22 |
| P/FCF | 18.67 | 20.39 | 20.54 | 30.29 | 161.52 | 161.76 | 61.62 | 125.50 | 17.93 | 17.84 | 18.03 |
| P/OCF | 10.40 | 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
Enterprise-value multiples — capital-structure-neutral measures of total business value
The Walt Disney Company's enterprise value stands at 11.9x EBITDA, 39% below its 5-year average of 19.6x. The Communication Services sector median is 7.4x, placing the stock at a 61% 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 | 11.87 | 12.77 | 12.97 | 12.87 | 17.85 | 41.52 | 29.10 | 16.17 | 10.81 | 10.62 | 9.94 |
| EV / EBIT | 16.44 | 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 |
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.
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% |
| 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% |
Solvency and debt-coverage ratios — lower is generally safer
The Walt Disney Company carries a Debt/EBITDA ratio of 2.3x, which is manageable (35% below the sector average of 3.6x). 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 |
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 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
The Walt Disney Company returns 2.8% to shareholders annually — split between a 0.9% 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 6.5% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
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 | 0.9% | 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% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.5% | 6.0% | 2.8% | 1.6% | 1.8% | 0.6% | — | 5.1% | 7.1% | 5.8% | 6.2% |
| FCF Yield | 5.4% | 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 | 2.8% | 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 |
Compare DIS with 7 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| DISYou | $188B | 15.3 | 11.9 | 18.7 | 37.8% | 14.6% | 11.3% | 6.9% | 2.3 |
| WBD | $78B | -6.3 | 10.3 | 17.7 | 41.6% | -25.5% | -27.8% | -9.7% | 3.6 |
| PSKY | $11B | -1.1 | — | 22.3 | 33.5% | -18.0% | -41.7% | -14.7% | — |
| NWS | $5B | 32.4 | 3.5 | 6.8 | 56.2% | 16.7% | 5.0% | 10.5% | 1.8 |
| NWSA | $4B | 11.4 | 3.5 | 6.0 | 100.0% | 11.3% | 12.8% | 6.8% | 2.1 |
| LION | $2B | -19.2 | 3.3 | — | 30.8% | 3.9% | — | 3.8% | 2.0 |
| AMCX | $86M | — | 0.1 | 0.3 | — | 5.8% | — | 12.1% | — |
| TOON | $27M | -1.1 | — | — | 29.0% | -52.1% | -46.2% | -20.6% | — |
| Communication Services Median | — | 14.8 | 7.4 | 10.0 | 50.8% | -0.5% | 2.6% | 1.6% | 3.6 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 30 years · Updated daily
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Start ComparisonThe Walt Disney Company's current P/E ratio is 15.3x. The historical average is 35.2x. This places it at the 14th percentile of its historical range.
The Walt Disney Company's current EV/EBITDA is 11.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.8x.
The Walt Disney Company's return on equity (ROE) is 11.3%. The historical average is 10.0%.
Based on historical data, The Walt Disney Company is trading at a P/E of 15.3x. This is at the 14th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
The Walt Disney Company's current dividend yield is 0.95% with a payout ratio of 14.5%.
The Walt Disney Company has 37.8% gross margin and 14.6% operating margin. Operating margin between 10-20% is typical for established companies.
The Walt Disney Company's Debt/EBITDA ratio is 2.3x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.