15 years of historical data (2011–2025) · 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
News Corporation trades at 32.4x earnings, 32% below its 5-year average of 47.4x, sitting at the 22nd percentile of its historical range. Compared to the Communication Services sector median P/E of 14.8x, the stock trades at a premium of 120%. On a free-cash-flow basis, the stock trades at 6.8x P/FCF, 65% below 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 | $5.0B | $19.6B | $16.3B | $11.4B | $9.4B | $14.4B | $7.0B | $8.2B | $9.2B | $8.2B | $6.8B |
| Enterprise Value | $5.5B | $20.1B | $17.5B | $13.8B | $11.7B | $15.8B | $8.0B | $8.0B | $9.2B | $6.5B | $5.3B |
| P/E Ratio → | 32.42 | 42.36 | 60.40 | 75.85 | 15.13 | 43.48 | — | 35.79 | — | — | 38.90 |
| P/S Ratio | 0.59 | 2.31 | 1.97 | 1.42 | 0.91 | 1.54 | 0.78 | 0.81 | 1.02 | 1.01 | 0.82 |
| P/B Ratio | 1.59 | 2.08 | 1.81 | 1.28 | 1.03 | 1.58 | 0.84 | 0.80 | 0.88 | 0.74 | 0.58 |
| P/FCF | 6.83 | 26.90 | 21.97 | 19.25 | 11.01 | 17.06 | 20.54 | 23.05 | 23.51 | 34.54 | 9.78 |
| P/OCF | 4.38 | 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
Enterprise-value multiples — capital-structure-neutral measures of total business value
News Corporation's enterprise value stands at 3.5x EBITDA, 66% below its 5-year average of 10.1x. The Communication Services sector median is 7.4x, placing the stock at a 53% discount 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 | 3.45 | 12.61 | 12.42 | 10.66 | 5.58 | 9.22 | 5.63 | 5.60 | 8.54 | 7.32 | 6.34 |
| EV / EBIT | 3.89 | 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 |
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.
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% |
| 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% |
Solvency and debt-coverage ratios — lower is generally safer
News Corporation carries a Debt/EBITDA ratio of 1.8x, which is manageable (48% below the sector average of 3.6x). Net debt stands at $537M ($2.9B total debt minus $2.4B cash). Interest coverage of 141.5x 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 | 141.50 | 141.50 | 14.38 | 13.01 | 16.01 | 34.76 | 40.64 | 13.10 | 85.71 | — | — |
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 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
News Corporation returns 4.3% to shareholders annually — split between a 1.2% dividend yield and 3.0% buyback yield. The payout ratio of 39.9% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 3.1% (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 | 1.2% | 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% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.1% | 2.4% | 1.7% | 1.3% | 6.6% | 2.3% | — | 2.8% | — | — | 2.6% |
| FCF Yield | 14.6% | 3.7% | 4.6% | 5.2% | 9.1% | 5.9% | 4.9% | 4.3% | 4.3% | 2.9% | 10.2% |
| Buyback Yield | 3.0% | 0.8% | 0.7% | 2.1% | 1.9% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.6% |
| Total Shareholder Yield | 4.3% | 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 |
Compare NWS 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 |
|---|---|---|---|---|---|---|---|---|---|
| NWSYou | $5B | 32.4 | 3.5 | 6.8 | 56.2% | 16.7% | 5.0% | 10.5% | 1.8 |
| DIS | $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% | — |
| 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 · 15 years · Updated daily
Price is only half the story. See total return with reinvested dividends.
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Start ComparisonNews Corporation's current P/E ratio is 32.4x. The historical average is 41.4x. This places it at the 22th percentile of its historical range.
News Corporation's current EV/EBITDA is 3.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.6x.
News Corporation's return on equity (ROE) is 5.0%. The historical average is -1.2%.
Based on historical data, News Corporation is trading at a P/E of 32.4x. This is at the 22th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
News Corporation's current dividend yield is 1.24% with a payout ratio of 39.9%.
News Corporation has 56.2% gross margin and 16.7% operating margin. Operating margin between 10-20% is typical for established companies.
News Corporation's Debt/EBITDA ratio is 1.8x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.