Upside case
Bull case
$34+11.0%
NWS would need investors to value it at roughly 32x earnings — about 3x more generous than today's 29x forward P/E. That requires meaningful multiple expansion on top of continued earnings growth.
Analysis OverviewBuyUpdated May 1, 2026
News Corporation (NWS) 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
33
analysts
21 bullish · 3 bearish · 33 covering NWS
Strong Buy
0
Buy
21
Hold
9
Sell
3
Strong Sell
0
Consensus Target
—
— vs today
Scenario Range
$6 – $34
Model bear to bull value window
Coverage
33
Published analyst ratings
Valuation Context
28.8x
Forward P/E · Market cap $17.2B
NWS price targets
Three scenarios for where NWS stock could go
Current
~$30
Confidence
54 / 100
Updated
May 1, 2026
Where we are now
Current · $30
Bear
$6
Base
$31
Bull
$34
Market caseClosest to today
Base case
$31+1.8%
This is close to how the market is already pricing NWS — at roughly 29x forward earnings. No dramatic re-rating needed, just steady execution on the core business.
Stress case
Bear case
$6-79.0%
If investor confidence fades or macro conditions deteriorate, a 23x multiple contraction could push NWS down roughly 79% 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.
News Corporation
NWS · NASDAQCommunication ServicesEntertainmentJune year-end
News Corporation is a global media and information services company that creates and distributes authoritative content across newspapers, books, digital platforms, and subscription video services. It generates revenue primarily through digital real estate services — including REA Group in Australia — subscription fees for Dow Jones publications like The Wall Street Journal, and advertising across its news media properties. The company's competitive advantage lies in its portfolio of iconic, trusted brands with deep journalistic heritage and its strategic shift toward higher-margin digital and subscription-based revenue streams.
Market Cap
$17.2B
Revenue TTM
$8.6B
Net Income TTM
$439M
Net Margin
5.1%
NWS 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
75%Exceptional
12 quarters tracked
Revenue Beat Rate
75%Exceptional
vs consensus estimates
Avg EPS Surprise
+26.7%
above Street consensus
Beat / Miss Record
BeatMissLeft = EPS · Right = Revenue
Q2 2025
Q3 2025
Q4 2025
Q1 2026
Last 4 Quarters
EPS beats: 3 of 4Q2 2025
EPS
$0.17/$0.14
Revenue
$2.0B/$2.0B
Q3 2025
EPS
$0.19/$0.20
Revenue
$2.1B/$2.1B
Q4 2025
EPS
$0.22/$0.19
Revenue
$2.1B/$2.1B
Q1 2026
EPS
$0.40/$0.25
Revenue
$2.4B/$2.3B
| Quarter | EPS (Actual / Est) | EPS Surprise | Revenue (Actual / Est) | Rev Surprise |
|---|---|---|---|---|
| Q2 2025 | $0.17/$0.14 | +20.6% | $2.0B/$2.0B | +0.2% |
| Q3 2025 | $0.19/$0.20 | -4.7% | $2.1B/$2.1B | +0.7% |
| Q4 2025 | $0.22/$0.19 | +13.5% | $2.1B/$2.1B | +1.6% |
| Q1 2026 | $0.40/$0.25 | +60.0% | $2.4B/$2.3B | +2.4% |
FY1–FY2 Estimates
Revenue Outlook
FY1
$8.6B
-0.5% YoY
FY2
$8.6B
-0.2% YoY
EPS Outlook
FY1
$0.80
+6.1% YoY
FY2
$0.82
+2.6% YoY
Trailing FCF (TTM)$652M
FCF Margin: 7.6%
Next Earnings
May 7, 2026
Expected EPS
$0.14
Expected Revenue
$2.1B
NWS beat EPS estimates in 3 of 4 tracked quarters. A strong delivery record supports forward estimate credibility.
NWS 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 $8.5B
Product Mix
Latest annual revenue by segment or product family
Dow Jones Segment
27.6%
+4.5% YoY
Tap, hover, or focus a slice to inspect segment detail.
Geographic Mix
Latest annual revenue by reported region
United States And Canada
51.3%
+2.8% YoY
Tap, hover, or focus a slice to inspect segment detail.
Dow Jones Segment is the largest disclosed segment at 27.6% of FY 2025 revenue, up 4.5% YoY.
United States And Canada is the largest reported region at 51.3%, up 2.8% YoY.
NWS Valuation Snapshot
Current multiples compared to the S&P 500, the company's sector, and its own five-year average.
Relative Value Signal
Slightly Overvalued
Fair value est. $27 — implies -10.3% from today's price.
Premium to Fair Value
10.3%
above fair value
Deep DiscountFair ValueVery Expensive
vs S&P 500 Trailing P/E
NWS
37.3x
vs
S&P 500
25.2x
+48% premium
vs Communication Services Trailing P/E
NWS
37.3x
vs
Communication Services
15.5x
+140% premium
vs NWS 5Y Avg P/E
Today
37.3x
vs
5Y Average
47.4x
21% discount
Forward PE
28.8x
S&P 500
19.1x
+51%
Communication Services
13.1x
+120%
5Y Avg
—
—
Trailing PE
37.3x
S&P 500
25.2x
+48%
Communication Services
15.5x
+140%
5Y Avg
47.4x
-21%
PEG Ratio
—
S&P 500
1.75x
—
Communication Services
0.66x
—
5Y Avg
—
—
EV/EBITDA
11.2x
S&P 500
15.3x
-27%
Communication Services
8.7x
+28%
5Y Avg
10.1x
+10%
Price/FCF
23.7x
S&P 500
21.3x
+11%
Communication Services
11.6x
+105%
5Y Avg
19.2x
+23%
Price/Sales
2.0x
S&P 500
3.1x
-35%
Communication Services
1.0x
+94%
5Y Avg
1.6x
+25%
Dividend Yield
1.07%
S&P 500
1.88%
-43%
Communication Services
3.38%
-68%
5Y Avg
1.30%
-18%
| Metric | NWS | S&P 500 | Communication Services | 5Y Avg NWS |
|---|---|---|---|---|
| Forward PE | 28.8x | 19.1x+51% | 13.1x+120% | — |
| Trailing PE | 37.3x | 25.2x+48% | 15.5x+140% | 47.4x-21% |
| PEG Ratio | — | 1.75x | 0.66x | — |
| EV/EBITDA | 11.2x | 15.3x-27% | 8.7x+28% | 10.1x+10% |
| Price/FCF | 23.7x | 21.3x+11% | 11.6x+105% | 19.2x+23% |
| Price/Sales | 2.0x | 3.1x-35% | 1.0x+94% | 1.6x+25% |
| Dividend Yield | 1.07% | 1.88% | 3.38% | 1.30% |
NWS trades above S&P 500 benchmarks on 3 of 5 measured multiples — is elevated on some multiples, but competitive on others — a mixed valuation picture.
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 toolNWS Financial Health
Verdict
Strong
NWS 10.5% ROIC signals a durable competitive advantage — returns 1.9% of market cap to shareholders annually.
Cash Engine
Revenue, margins, and cash generation
Revenue (TTM)
Trailing-twelve-month sales base
$8.6B
Revenue Growth
TTM vs prior year
+2.4%
Gross Margin
Gross profit as a share of revenue
55.0%
Operating Margin
Operating income divided by revenue
15.2%
Net Margin
Net income divided by revenue
5.1%
EPS (TTM)
Diluted earnings per share, trailing twelve months
$0.76
Free Cash Flow (TTM)
Cash generation after capex
$652M
FCF Margin
FCF as share of revenue — the primary cash quality signal
7.6%
Capital Quality
ROIC, leverage, and debt serviceability
ROIC
Return on invested capital — primary competitive quality signal
10.5%
ROA
Return on assets, trailing twelve months
2.8%
Cash & Equivalents
Liquid assets on the balance sheet
$2.4B
Net Debt
Total debt minus cash
$537M
Debt Serviceability
Net debt as a multiple of annual free cash flow
0.8× FCF
~0.8 years to full repayment at current FCF run-rate
ROE
Return on equity, trailing twelve months
4.6%
Shareholder Returns
How capital is returned to owners
Total shareholder yield
1.9%
Dividend
1.1%
Buyback
0.9%
Share Repurchases
Trailing buyback outflow — dollar magnitude of capital returned
$150M
Dividend / Share
Annualized trailing dividend per share
$0.32
Payout Ratio
Share of earnings distributed as dividends
39.9%
Shares Outstanding
Declining as buybacks retire shares
570M
All figures from the trailing twelve months. ROIC uses invested capital (equity + net debt).
Open full ratios pageNWS Stock Risk Factors
Key factors that could pressure the stock price, compress the multiple, or weigh on future results.
AI analysis · updated April 29, 2026
High Risk
Decline in Advertising Expenditures
A significant portion of News Corp's revenue is derived from advertising across its newspapers, digital media, and cable channels. Economic downturns and changes in consumer spending could lead to reduced advertising budgets, adversely affecting revenues and operating results.
High Risk
Competition
The media and information services industry is characterized by intense competition. News Corp faces challenges from traditional media outlets, digital-native companies, and emerging platforms, which can negatively impact its market share and profitability.
High Risk
Digital Disruption and Changing Consumer Habits
The ongoing shift towards digital consumption of news poses significant challenges for traditional print businesses. Adapting to evolving consumer preferences and technological advancements is critical for News Corp's sustained success.
Medium
Real Estate Market Fluctuations
News Corp's digital real estate services, such as REA Group, are sensitive to the global housing market's performance. Downturns in this sector could negatively impact revenues from these businesses.
Medium
Regulatory Scrutiny
Media ownership regulations and potential antitrust concerns present risks to News Corp's operations and strategic decisions. Changes in regulatory environments could impact the company's business model.
Medium
Cybersecurity Risks
News Corp is exposed to risks associated with data breaches and cyberattacks, which could disrupt operations and damage its reputation. The increasing frequency of such incidents in the digital age heightens this risk.
Lower
Dual-Class Stock Structure
News Corp's dual-class stock structure, with Class B shares held by the Murdoch Family Trust, provides majority voting control. This structure can influence corporate governance and decision-making, potentially limiting shareholder influence.
Lower
Market Volatility
The trading price of News Corp's common stock is subject to general market fluctuations and factors affecting the media and information services industry. This volatility can impact investor sentiment and stock performance.
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 NWS Stock Could Outperform
Structural drivers behind the upside case and why the stock could outperform over the next 12 months.
AI analysis · updated April 29, 2026
Strong Revenue Growth
News Corp has demonstrated solid revenue growth, with a 2.42% increase in fiscal year 2025 and a notable 6% increase in revenue for the second quarter of fiscal year 2026. This consistent growth highlights the company's ability to expand its market presence.
Significant Earnings Improvement
The company's earnings have shown remarkable improvement, with a 343.61% increase in fiscal year 2025. Additionally, adjusted earnings per share (EPS) climbed to $0.40 in Q2 FY2026, indicating strong operational performance.
Record EBITDA Margin in Dow Jones
The Dow Jones segment has undergone a structural transformation, achieving a record EBITDA margin. The company is targeting $1 billion in annual segment EBITDA, showcasing its commitment to enhancing profitability.
Active Share Buyback Program
News Corp is executing a substantial share buyback program, which reflects management's confidence in the company's valuation and future prospects. This initiative is expected to enhance shareholder value.
Positive Technical Indicators
Technical indicators have shown positive signals, with the MACD turning positive and momentum indicators suggesting a potential upward trend. These signals may attract more investors looking for upward momentum.
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.
NWS 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
$30.23
52W Range Position
47%
52-Week Range
Current price plotted between the 52-week low and high.
52-Week Low
$25.49
+18.6% from the low
52-Week High
$35.58
-15.0% from the high
1 Month
+7.43%
3 Month
+17.86%
YTD
+1.5%
1 Year
-5.6%
3Y CAGR
+20.5%
5Y CAGR
+4.8%
10Y CAGR
+8.7%
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.
NWS vs Peers
Valuation, growth, and margin comparison against the closest publicly traded peers for this company.
Peer Set
Accurate peer set
Forward PE
28.8x
vs 27.8x median
+3% above peer median
Revenue Growth
-0.5%
vs -1.0% median
+43% above peer median
Net Margin
5.1%
vs 11.4% median
-55% below peer median
| Company | Mkt Cap | Fwd PE | Rev Grw | Margin | Rating | Upside |
|---|---|---|---|---|---|---|
NWS NWS News Corporation | $17.2B | 28.8x | -0.5% | 5.1% | Buy | — |
NYT NYT The New York Times Company | $13.5B | 30.7x | +7.9% | 13.2% | Hold | -19.9% |
GCI GCI Gannett Co., Inc. | $877M | 51.0x | -4.0% | 4.1% | Hold | -6.9% |
NWS NWSA News Corporation | $14.9B | 25.0x | -1.0% | 12.2% | Buy | +23.7% |
LEE LEE Lee Enterprises, Incorporated | $51M | — | -5.3% | -4.8% | — | — |
FOX FOXA Fox Corporation | $13.9B | 13.4x | +6.8% | 11.4% | Hold | +12.8% |
This peer comparison reflects companies with similar business models, product lines, or market positioning, supplemented by industry grouping when direct matches are limited.
NWS Dividend and Capital Return
NWS returns 2.0% total yield, led by a 1.10% dividend. Buybacks add another 0.9%.
Dividend SustainableFCF Well Covered
Total Shareholder Yield
2.0%
Dividend + buyback return per year
Buyback Yield
0.9%
Dividend Yield
1.10%
Payout Ratio
39.9%
How NWS Splits Its Return
Div 1.10%
Buyback 0.9%
Dividend 1.10%Buybacks 0.9%
Dividend Profile
Yield, cadence, and growth quality
Dividend / Share
Trailing annualized cash dividend
$0.32
Growth Streak
Consecutive years of dividend increases
1Y
3Y Div CAGR
0.0%
5Y Div CAGR
0.0%
Ex-Dividend Date
—
Payment Cadence
Semi-Annual
2 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
$150M
Estimated Shares Retired
5M
Approx. Share Reduction
0.9%
Shares Outstanding
Current diluted share count from the screening snapshot
570M
At 0.9%/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 | $0.10 | — | — | — |
| 2025 | $0.20 | 0.0% | 0.8% | 1.7% |
| 2024 | $0.20 | 0.0% | 0.7% | 1.8% |
| 2023 | $0.20 | 0.0% | 2.1% | 3.7% |
| 2022 | $0.20 | 0.0% | 1.9% | 3.8% |
FAQ
6 questionsNWS Investor Questions
Common questions answered from live analyst data and company financials.
01Is News Corporation (NWS) stock a buy or sell in 2026?
News Corporation (NWS) is rated Buy by Wall Street analysts as of 2026. Of 33 analysts covering the stock, 21 rate it Buy or Strong Buy, 9 rate it Hold, and 3 rate it Sell or Strong Sell. The bear case scenario is $6 and the bull case is $34.
02Is News Corporation (NWS) stock overvalued in 2026?
NWS trades at 28.8x times forward earnings. The stock trades at a notable premium to the broad market, which is typical for businesses with strong free cash flow and above-average growth expectations. Based on current multiples versus the peer group, the relative model signals slightly overvalued. Whether the stock is over or undervalued ultimately depends on whether consensus earnings estimates are achievable.
03What are the main risks for News Corporation (NWS) stock in 2026?
The primary risks for NWS in 2026 are: (1) Decline in Advertising Expenditures — A significant portion of News Corp's revenue is derived from advertising across its newspapers, digital media, and cable channels. (2) Competition — The media and information services industry is characterized by intense competition. (3) Digital Disruption and Changing Consumer Habits — The ongoing shift towards digital consumption of news poses significant challenges for traditional print businesses. Each factor has the potential to pressure earnings or compress the stock's valuation multiple.
04What is News Corporation's revenue and earnings forecast?
Analyst consensus estimates NWS will report consensus revenue of $8.6B (-0.5% year-over-year) and EPS of $0.80 (+6.1% year-over-year) for the upcoming fiscal year. The following year, analysts project $8.6B in revenue.
05When does News Corporation (NWS) report its next earnings?
News Corporation is expected to report its next earnings on approximately 2026-05-07. Consensus expects EPS of $0.14 and revenue of $2.1B. Over recent quarters, NWS has beaten EPS estimates 75% of the time.
06How much free cash flow does News Corporation generate?
News Corporation (NWS) generated $652M in free cash flow over the trailing twelve months — a free cash flow margin of 7.6%. NWS returns capital to shareholders through dividends (1.1% yield) and share repurchases ($150M TTM).