Upside case
Bull case
$36+24.7%
NWS would need investors to value it at roughly 34x earnings — about 7x more generous than today's 27x forward P/E. That requires meaningful multiple expansion on top of continued earnings growth.
Analysis OverviewBuyUpdated Jun 18, 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
$17 – $36
Model bear to bull value window
Coverage
33
Published analyst ratings
Valuation Context
27.1x
Forward P/E · Market cap $15.7B
NWS price targets
Three scenarios for where NWS stock could go
Current
~$29
Confidence
44 / 100
Updated
Jun 18, 2026
Where we are now
Current · $29
Bear
$17
Base
$27
Bull
$36
Market caseClosest to today
Base case
$27-5.4%
This is close to how the market is already pricing NWS — at roughly 26x forward earnings. No dramatic re-rating needed, just steady execution on the core business.
Stress case
Bear case
$17-40.4%
If investor confidence fades or macro conditions deteriorate, a 11x multiple contraction could push NWS down roughly 40% 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
$15.7B
Revenue TTM
$8.8B
Net Income TTM
$425M
Net Margin
4.8%
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
+20.5%
above Street consensus
Beat / Miss Record
BeatMissLeft = EPS · Right = Revenue
Q3 2025
Q4 2025
Q1 2026
Q2 2026
Last 4 Quarters
EPS beats: 3 of 4Q3 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
Q2 2026
EPS
$0.21/$0.19
Revenue
$2.2B/$2.1B
| Quarter | EPS (Actual / Est) | EPS Surprise | Revenue (Actual / Est) | Rev Surprise |
|---|---|---|---|---|
| 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% |
| Q2 2026 | $0.21/$0.19 | +11.5% | $2.2B/$2.1B | +3.2% |
FY1–FY2 Estimates
Revenue Outlook
FY1
$8.7B
-0.6% YoY
FY2
$8.9B
+1.8% YoY
EPS Outlook
FY1
$0.75
-0.4% YoY
FY2
$0.75
-0.1% YoY
Trailing FCF (TTM)$560M
FCF Margin: 6.4%
Next Earnings
August 4, 2026
Expected EPS
$0.23
Expected Revenue
$2.2B
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
Fair versus peers
Fair value est. $30 — implies +4.8% from today's price.
Upside to Fair Value
4.8%
potential upside
Deep DiscountFair ValueVery Expensive
vs S&P 500 Trailing P/E
NWS
35.5x
vs
S&P 500
24.4x
+45% premium
vs Communication Services Trailing P/E
NWS
35.5x
vs
Communication Services
15.3x
+132% premium
vs NWS 5Y Avg P/E
Today
35.5x
vs
5Y Average
47.4x
25% discount
Forward PE
27.1x
S&P 500
18.8x
+44%
Communication Services
11.3x
+140%
5Y Avg
—
—
Trailing PE
35.5x
S&P 500
24.4x
+45%
Communication Services
15.3x
+132%
5Y Avg
47.4x
-25%
PEG Ratio
—
S&P 500
1.66x
—
Communication Services
0.64x
—
5Y Avg
—
—
EV/EBITDA
10.2x
S&P 500
15.2x
-33%
Communication Services
9.6x
+6%
5Y Avg
10.1x
+1%
Price/FCF
21.6x
S&P 500
20.7x
+5%
Communication Services
11.4x
+90%
5Y Avg
19.2x
+13%
Price/Sales
1.9x
S&P 500
3.1x
-40%
Communication Services
1.0x
+83%
5Y Avg
1.6x
+14%
Dividend Yield
1.13%
S&P 500
1.91%
-41%
Communication Services
3.43%
-67%
5Y Avg
1.30%
-13%
| Metric | NWS | S&P 500 | Communication Services | 5Y Avg NWS |
|---|---|---|---|---|
| Forward PE | 27.1x | 18.8x+44% | 11.3x+140% | — |
| Trailing PE | 35.5x | 24.4x+45% | 15.3x+132% | 47.4x-25% |
| PEG Ratio | — | 1.66x | 0.64x | — |
| EV/EBITDA | 10.2x | 15.2x-33% | 9.6x | 10.1x |
| Price/FCF | 21.6x | 20.7x | 11.4x+90% | 19.2x+13% |
| Price/Sales | 1.9x | 3.1x-40% | 1.0x+83% | 1.6x+14% |
| Dividend Yield | 1.13% | 1.91% | 3.43% | 1.30% |
NWS trades above S&P 500 benchmarks on 2 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 2.1% of market cap to shareholders annually.
Cash Engine
Revenue, margins, and cash generation
Revenue (TTM)
Trailing-twelve-month sales base
$8.8B
Revenue Growth
TTM vs prior year
+4.3%
Gross Margin
Gross profit as a share of revenue
54.0%
Operating Margin
Operating income divided by revenue
14.0%
Net Margin
Net income divided by revenue
4.8%
EPS (TTM)
Diluted earnings per share, trailing twelve months
$0.76
Free Cash Flow (TTM)
Cash generation after capex
$560M
FCF Margin
FCF as share of revenue — the primary cash quality signal
6.4%
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
2.7%
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
1.0× FCF
~1.0 years to full repayment at current FCF run-rate
ROE
Return on equity, trailing twelve months
4.5%
Shareholder Returns
How capital is returned to owners
Total shareholder yield
2.1%
Dividend
1.1%
Buyback
1.0%
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
547M
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 June 18, 2026
Medium
Digital transition risks
Strategic pivot toward digital assets may face execution challenges while maintaining legacy media properties.
High Risk
Valuation downside risk
AI models forecast a -2.7% decline in stock price by 2026, indicating potential overvaluation.
Medium
Competitive pressures
Benchmarking against peers like The New York Times Company and Fox Corporation highlights intense industry competition.
Lower
Market sentiment shifts
Bearish scenarios in analyst ratings suggest vulnerability to negative sentiment in media sector.
High Risk
Revenue model disruption
Legacy media properties face structural declines, pressuring margins despite digital growth efforts.
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 June 18, 2026
Diversified media portfolio
News Corporation's global diversified media and information services provide resilience and multiple revenue streams.
Strong institutional research coverage
In-depth institutional research highlights the company's valuation, catalysts, and alternative data signals, supporting investor confidence.
Positive stock price outlook
Analyst projections and AI models forecast a stable to bullish price target for 2026 and beyond, indicating growth potential.
Breaking news dominance
Leadership in breaking news coverage across platforms like Fox News and BBC enhances audience engagement and advertising revenue.
Global news aggregation
Comprehensive up-to-date news aggregation from global sources strengthens its competitive edge in the media landscape.
Buy rating consensus
Analyst sentiment leans towards a Buy rating with an implied upside, reflecting bullish market expectations.
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
$28.75
52W Range Position
32%
52-Week Range
Current price plotted between the 52-week low and high.
52-Week Low
$25.49
+12.8% from the low
52-Week High
$35.58
-19.2% from the high
1 Month
-4.90%
3 Month
+5.31%
YTD
-3.4%
1 Year
-11.0%
3Y CAGR
+14.1%
5Y CAGR
+3.8%
10Y CAGR
+9.3%
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
27.1x
vs 24.7x median
+10% above peer median
Revenue Growth
-0.6%
vs +1.6% median
-141% below peer median
Net Margin
4.8%
vs 10.6% median
-54% below peer median
| Company | Mkt Cap | Fwd PE | Rev Grw | Margin | Rating | Upside |
|---|---|---|---|---|---|---|
NWS NWS News Corporation | $15.7B | 27.1x | -0.6% | 4.8% | Buy | — |
NYT NYT The New York Times Company | $11.8B | 25.5x | +6.1% | 13.2% | Hold | +11.1% |
GCI GCI Gannett Co., Inc. | $877M | 51.0x | +1.6% | 4.1% | Hold | -6.9% |
NWS NWSA News Corporation | $14.2B | 23.9x | -1.2% | 11.8% | Buy | +25.4% |
LEE LEE Lee Enterprises, Incorporated | $57M | — | -9.9% | -3.0% | — | — |
FOX FOXA Fox Corporation | $22.9B | 10.3x | +6.6% | 10.6% | Hold | +35.2% |
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 2.1% total yield, led by a 1.13% dividend. Buybacks add another 1.0%.
Dividend SustainableFCF Well Covered
Total Shareholder Yield
2.1%
Dividend + buyback return per year
Buyback Yield
1.0%
Dividend Yield
1.13%
Payout Ratio
39.9%
How NWS Splits Its Return
Div 1.13%
Buyback 1.0%
Dividend 1.13%Buybacks 1.0%
Dividend Profile
Yield, cadence, and growth quality
Dividend / Share
Trailing annualized cash dividend
$0.32
Growth Streak
Consecutive years of dividend increases
0Y
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
1.0%
Shares Outstanding
Current diluted share count from the screening snapshot
547M
At 1.0%/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 $17 and the bull case is $36.
02Is News Corporation (NWS) stock overvalued in 2026?
NWS trades at 27.1x 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 fair versus peers. 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) Valuation downside risk — AI models forecast a -2. (2) Revenue model disruption — Legacy media properties face structural declines, pressuring margins despite digital growth efforts. (3) Digital transition risks — Strategic pivot toward digital assets may face execution challenges while maintaining legacy media properties. 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 $8.7B (-0.6% year-over-year) and EPS of $0.75 (-0.4% year-over-year) for the upcoming fiscal year. The following year, analysts project $8.9B in revenue.
05When does News Corporation (NWS) report its next earnings?
News Corporation is expected to report its next earnings on approximately 2026-08-04. Consensus expects EPS of $0.23 and revenue of $2.2B. 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 $560M in free cash flow over the trailing twelve months — a free cash flow margin of 6.4%. NWS returns capital to shareholders through dividends (1.1% yield) and share repurchases ($150M TTM).