News Corporation (NWS) Financial Ratios
15 years of historical data (2011–2025) · Communication Services · Entertainment
EV/EBITDA
↑
10.94
+8% vs avg
5yr avg: 10.10
30Y Low5.6·High12.6
P/FCF
↑
23.23
↑+21% vs avg
5yr avg: 19.24
30Y Low9.8·High52.7
P/B Ratio
↑
1.87
↑+20% vs avg
5yr avg: 1.56
30Y Low0.6·High2.1
ROE
↑
5.0%
↓+25% vs avg
5yr avg: 4.0%
30Y Low-19%·High7%
Debt/EBITDA
↓
1.85
↓-19% vs avg
5yr avg: 2.27
30Y Low0.3·High8.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
NWS Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
News Corporation trades at 38.1x earnings, 20% below its 5-year average of 47.4x, sitting at the 33rd percentile of its historical range. Compared to the Communication Services sector median P/E of 15.4x, the stock trades at a premium of 148%. On a free-cash-flow basis, the stock trades at 23.2x P/FCF, 21% above the 5-year average of 19.2x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $16.9B | $19.6B | $16.3B | $11.4B | $9.4B | $14.4B | $7.0B | $8.2B | $9.2B | $8.2B | $6.8B |
| Enterprise Value | $17.4B | $20.1B | $17.5B | $13.8B | $11.7B | $15.8B | $8.0B | $8.0B | $9.2B | $6.5B | $5.3B |
| P/E Ratio → | 38.09 | 42.36 | 60.40 | 75.85 | 15.13 | 43.48 | — | 35.79 | — | — | 38.90 |
| P/S Ratio | 2.00 | 2.31 | 1.97 | 1.42 | 0.91 | 1.54 | 0.78 | 0.81 | 1.02 | 1.01 | 0.82 |
| P/B Ratio | 1.87 | 2.08 | 1.81 | 1.28 | 1.03 | 1.58 | 0.84 | 0.80 | 0.88 | 0.74 | 0.58 |
| P/FCF | 23.23 | 26.90 | 21.97 | 19.25 | 11.01 | 17.06 | 20.54 | 23.05 | 23.51 | 34.54 | 9.78 |
| P/OCF | 14.89 | 17.24 | 14.83 | 10.45 | 6.95 | 11.68 | 9.01 | 8.84 | 12.21 | 16.64 | 7.15 |
P/E links to full P/E history page with 30-year chart
NWS EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
News Corporation's enterprise value stands at 10.9x EBITDA, 8% above its 5-year average of 10.1x. The Communication Services sector median is 9.0x, placing the stock at a 21% 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 | — | 2.38 | 2.12 | 1.72 | 1.13 | 1.69 | 0.89 | 0.80 | 1.01 | 0.80 | 0.64 |
| EV / EBITDA | 10.94 | 12.61 | 12.42 | 10.66 | 5.58 | 9.22 | 5.63 | 5.60 | 8.54 | 7.32 | 6.34 |
| EV / EBIT | 12.31 | 21.01 | 22.39 | 20.34 | 11.83 | 26.09 | 21.62 | 19.41 | 15.29 | 14.97 | 15.85 |
| EV / FCF | — | 27.63 | 23.63 | 23.25 | 13.74 | 18.67 | 23.52 | 22.52 | 23.30 | 27.23 | 7.67 |
NWS Profitability
Margins and return-on-capital ratios measuring operating efficiency
News Corporation earns an operating margin of 16.7%. Operating margins have expanded from 13.6% to 16.7% over the past 3 years, signaling improving operational efficiency. ROE of 5.0% is modest. ROIC of 10.5% represents solid 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 | 56.2% | 56.2% | 54.2% | 51.5% | 51.1% | 48.9% | 45.3% | 37.6% | 40.4% | 38.8% | 36.9% |
| Operating Margin | 16.7% | 16.7% | 14.8% | 13.6% | 16.2% | 13.7% | 11.3% | 7.7% | 6.6% | 5.4% | 4.1% |
| Net Profit Margin | 5.5% | 5.5% | 3.2% | 1.9% | 6.0% | 3.5% | -14.1% | 2.3% | -16.8% | -9.1% | 2.2% |
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 | 5.0% | 5.0% | 3.0% | 1.6% | 6.8% | 3.8% | -13.6% | 2.2% | -14.0% | -6.4% | 1.5% |
| ROA | 2.9% | 2.9% | 1.6% | 0.9% | 3.7% | 2.1% | -8.5% | 1.4% | -9.8% | -4.9% | 1.2% |
| ROIC | 10.5% | 10.5% | 8.5% | 7.2% | 11.5% | 9.7% | 7.8% | 5.6% | 4.6% | 3.3% | 2.4% |
| ROCE | 10.7% | 10.7% | 8.9% | 8.0% | 12.3% | 10.2% | 8.5% | 6.1% | 4.8% | 3.5% | 2.6% |
NWS Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
News Corporation carries a Debt/EBITDA ratio of 1.8x, which is manageable (47% below the sector average of 3.5x). Net debt stands at $537M ($2.9B total debt minus $2.4B cash). Interest coverage of 95.6x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.31 | 0.31 | 0.34 | 0.47 | 0.45 | 0.39 | 0.30 | 0.14 | 0.19 | 0.02 | 0.03 |
| Debt / EBITDA | 1.85 | 1.85 | 2.20 | 3.25 | 1.97 | 2.10 | 1.77 | 1.01 | 1.82 | 0.31 | 0.44 |
| Net Debt / Equity | — | 0.06 | 0.14 | 0.27 | 0.26 | 0.15 | 0.12 | -0.02 | -0.01 | -0.16 | -0.12 |
| Net Debt / EBITDA | 0.34 | 0.34 | 0.87 | 1.84 | 1.11 | 0.79 | 0.71 | -0.13 | -0.08 | -1.97 | -1.74 |
| Debt / FCF | — | 0.74 | 1.66 | 4.00 | 2.73 | 1.61 | 2.98 | -0.53 | -0.21 | -7.31 | -2.10 |
| Interest Coverage | 95.60 | 95.60 | 9.20 | 8.07 | 9.46 | 16.38 | 14.88 | 7.00 | 85.57 | — | — |
NWS Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.84x means News Corporation can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has improved from 1.28x to 1.84x 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 | 1.84 | 1.84 | 1.43 | 1.28 | 1.16 | 1.38 | 1.29 | 1.21 | 1.33 | 1.56 | 1.59 |
| Quick Ratio | 1.72 | 1.72 | 1.34 | 1.18 | 1.07 | 1.30 | 1.16 | 1.11 | 1.22 | 1.47 | 1.50 |
| Cash Ratio | 0.92 | 0.92 | 0.61 | 0.58 | 0.52 | 0.69 | 0.57 | 0.49 | 0.62 | 0.82 | 0.75 |
| Asset Turnover | — | 0.55 | 0.49 | 0.47 | 0.60 | 0.56 | 0.63 | 0.64 | 0.55 | 0.56 | 0.54 |
| Inventory Turnover | 11.32 | 11.32 | 14.22 | 12.50 | 16.32 | 18.89 | 14.16 | 18.06 | 14.29 | 23.93 | 24.00 |
| Days Sales Outstanding | — | 67.45 | 62.81 | 64.92 | 52.79 | 58.43 | 48.74 | 55.94 | 65.20 | 57.22 | 54.10 |
NWS Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
News Corporation returns 1.9% to shareholders annually — split between a 1.1% dividend yield and 0.9% buyback yield. The payout ratio of 39.9% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 2.6% (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 | 1.1% | 0.9% | 1.1% | 1.5% | 1.9% | 1.1% | 2.2% | 2.0% | 1.7% | 1.8% | 2.2% |
| Payout Ratio | 39.9% | 39.9% | 64.7% | 116.8% | 28.1% | 49.4% | — | 70.6% | — | — | 82.1% |
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 | 2.6% | 2.4% | 1.7% | 1.3% | 6.6% | 2.3% | — | 2.8% | — | — | 2.6% |
| FCF Yield | 4.3% | 3.7% | 4.6% | 5.2% | 9.1% | 5.9% | 4.9% | 4.3% | 4.3% | 2.9% | 10.2% |
| Buyback Yield | 0.9% | 0.8% | 0.7% | 2.1% | 1.9% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.6% |
| Total Shareholder Yield | 1.9% | 1.7% | 1.8% | 3.7% | 3.8% | 1.1% | 2.2% | 2.0% | 1.7% | 1.8% | 2.8% |
| Shares Outstanding | — | $570M | $574M | $579M | $593M | $593M | $588M | $588M | $583M | $581M | $583M |
Peer Comparison
Compare NWS 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 |
|---|---|---|---|---|---|---|---|---|---|
 NWSYou | $17B | 38.1 | 10.9 | 23.2 | 56.2% | 16.7% | 5.0% | 10.5% | 1.8 |
 NYT | $13B | 38.4 | 23.9 | 23.6 | 47.8% | 16.0% | 17.3% | 18.7% | 0.1 |
 GCI | $877M | -33.1 | 18.1 | 17.3 | 38.4% | -1.7% | -11.2% | -2.3% | 11.3 |
 NWSA | $15B | 13.1 | 11.2 | 21.0 | 100.0% | 11.3% | 12.8% | 6.8% | 2.1 |
 LEE | $49M | -1.3 | 13.4 | — | 55.9% | 3.5% | — | 3.3% | 12.4 |
 FOXA | $14B | 12.8 | 4.5 | 4.7 | 33.1% | 19.8% | 19.3% | 16.5% | 2.1 |
 WBD | $68B | 93.5 | 13.7 | 22.0 | 28.2% | 3.5% | 2.0% | 1.5% | 4.7 |
 DIS | $193B | 15.9 | 12.1 | 19.1 | 37.8% | 14.6% | 11.3% | 6.9% | 2.3 |
 IAC | $3B | -32.4 | 14.3 | 71.5 | 66.8% | -4.1% | -1.9% | -1.2% | 5.5 |
 GOOGL | $4.8T | 36.8 | 32.2 | 65.7 | 59.7% | 32.1% | 35.7% | 25.1% | 0.4 |
 META | $1.6T | 26.3 | 15.8 | 33.9 | 82.0% | 41.4% | 30.2% | 27.6% | 0.8 |
| Communication Services Median | — | 15.4 | 9.0 | 11.8 | 48.3% | 0.7% | 2.2% | 3.0% | 3.5 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Full NWS Stock Analysis
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Start ComparisonNWS — Frequently Asked Questions
Quick answers to the most common questions about buying NWS stock.
What is News Corporation's P/E ratio?
News Corporation's current P/E ratio is 38.1x. The historical average is 41.4x. This places it at the 33th percentile of its historical range.
What is News Corporation's EV/EBITDA?
News Corporation's current EV/EBITDA is 10.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.6x.
What is News Corporation's ROE?
News Corporation's return on equity (ROE) is 5.0%. The historical average is -1.2%.
Is NWS stock overvalued?
Based on historical data, News Corporation is trading at a P/E of 38.1x. This is at the 33th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is News Corporation's dividend yield?
News Corporation's current dividend yield is 1.05% with a payout ratio of 39.9%.
What are News Corporation's profit margins?
News Corporation has 56.2% gross margin and 16.7% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does News Corporation have?
News Corporation's Debt/EBITDA ratio is 1.8x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.