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TVGrupo Televisa, S.A.B.
$2.76$2.9B
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Grupo Televisa, S.A.B. (TV) Financial Ratios

Latest Ratios: P/E Ratio -2.5x · EV/EBITDA 4.8x · ROE -8.5%. (1996–2025 historical series)

Income StatementBalance SheetCash FlowRatios
AnnualQuarterly

TV Valuation Multiples

Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Market Cap$2.9B$256M$914M$1.9B$2.7B$5.6B$4.6B$6.8B$6.5B$11.0B$12.9B
Enterprise Value$6.1B$55.4B$63.1B$65.1B$65.2B$11.0B$107.4B$110.9B$96.4B$94.5B$92.4B
P/E Ratio →-2.46——————1.431.083.193.57
P/S Ratio0.870.000.010.030.040.080.060.070.060.120.13
P/B Ratio0.040.000.010.010.021.200.050.060.060.110.14
P/FCF5.290.030.04—0.051.360.391.120.871.672.07
P/OCF2.220.010.030.120.220.190.140.250.190.440.35

P/E links to full P/E history page with 30-year chart

TV EV Ratios

Enterprise-value multiples — capital-structure-neutral measures of total business value

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
EV / Revenue—0.941.010.980.950.151.521.090.951.000.96
EV / EBITDA4.802.503.032.682.540.403.872.922.402.882.75
EV / EBIT21.158.52226.0697.56—0.9519.275.784.444.705.53
EV / FCF—5.702.86—1.182.659.1018.3212.9514.4114.80

TV Profitability

Margins and return-on-capital ratios measuring operating efficiency

Margins

Full margin charts and quarterly trend are on the Earnings History page

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Gross Margin38.2%38.2%34.0%34.6%36.8%36.9%36.0%42.0%42.9%43.2%45.6%
Operating Margin8.6%8.6%0.5%4.3%6.4%8.4%9.1%16.7%20.0%15.1%17.2%
Net Profit Margin-15.6%-15.6%-13.3%-12.7%65.2%8.2%-1.8%4.5%5.9%4.8%3.9%

Return on Capital

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
ROE-8.5%-8.5%-6.7%-6.0%60.1%13.1%-1.3%4.4%5.9%4.7%3.8%
ROA-3.8%-3.8%-3.2%-3.0%28.5%4.2%-0.4%1.6%2.0%1.5%1.3%
ROIC2.3%2.3%0.1%1.1%3.1%4.6%2.4%6.3%8.0%6.0%7.3%
ROCE2.4%2.4%0.1%1.2%3.2%5.2%2.7%6.8%8.2%5.7%6.9%

TV Leverage & Debt

Solvency and debt-coverage ratios — lower is generally safer

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Debt / Equity0.890.890.970.710.791.401.501.251.161.231.34
Debt / EBITDA4.134.135.203.944.430.244.763.463.043.733.78
Net Debt / Equity—0.540.560.470.431.141.170.990.860.840.84
Net Debt / EBITDA2.482.482.982.602.440.193.712.742.242.552.37
Debt / FCF—5.672.81—1.131.298.7217.2112.0812.7312.73
Interest Coverage0.870.870.040.09-0.351.270.5335.492.242.171.97

TV Liquidity & Efficiency

Short-term solvency ratios and asset-utilisation metrics

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Current Ratio2.122.122.491.782.371.261.581.611.471.711.67
Quick Ratio2.112.112.481.742.331.221.541.581.451.691.64
Cash Ratio1.291.291.730.941.490.460.660.650.660.910.92
Asset Turnover—0.260.250.250.235.150.260.350.340.320.31
Inventory Turnover258.83258.8388.7634.3329.94431.4627.5551.3056.3535.8627.58
Days Sales Outstanding———————————

TV Shareholder Yields

Earnings, FCF, buyback, and dividend yields — total returns to shareholders

Dividends

Full dividend history and growth charts are on the Dividend History page

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Dividend Yield24.0%100.0%100.0%55.0%38.5%18.7%—15.8%16.5%9.9%8.4%
Payout Ratio————2.4%17.4%—23.0%17.8%24.0%29.1%

Total Shareholder Return Metrics

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Earnings Yield———————69.9%93.0%31.3%28.0%
FCF Yield18.9%3801.1%2414.4%—2013.9%73.7%256.9%89.5%115.2%59.8%48.2%
Buyback Yield1.2%100.0%55.9%77.9%82.4%19.5%11.0%22.0%71.1%47.2%13.3%
Total Shareholder Yield25.2%100.0%100.0%100.0%100.0%38.2%11.0%37.7%87.7%57.1%21.7%
Shares Outstanding—$88M$544M$560M$601M$602M$557M$576M$514M$588M$620M

Key Metrics

Growth RegimeContracting
ProfitabilityNegative
Balance SheetStrained
Cash FlowDeteriorating
Top Statement Risk

Structural Revenue Erosion

Distressed Multiples Reflect Structural Uncertainty

According to current market data, TV trades at a P/B of 0.04 and a negative TTM P/E, suggesting that investors are heavily discounting the company's asset base due to persistent concerns regarding its long-term viability in the face of aggressive competitive fiber-to-the-home expansion.

The extremely low valuation multiples appear to reflect a market consensus that the company's core assets may be overvalued relative to their future cash-generating potential. Investors should monitor whether the current discount is a temporary reaction to recent earnings volatility or a permanent re-rating of the business model's terminal value.

Capital Efficiency Remains Critically Low

Based on reported financial statements, the company's ROIC has hovered near zero, reaching only 0.7% in 2026Q1, which indicates that the capital deployed into network infrastructure is failing to generate returns that exceed the cost of capital, thereby destroying shareholder value over the observed period.

The inability to sustain a meaningful ROIC suggests that the company's heavy investment in cable and satellite infrastructure is not yielding the expected competitive advantage. This trend warrants further investigation into whether the current capital allocation strategy is fundamentally flawed or merely hampered by the ongoing transition from legacy satellite services.

Working Capital Dynamics Mask Operational Strains

As indicated by the reported figures, the cash conversion cycle has remained deeply negative, reaching -104 days in 2026Q1, which primarily reflects the company's ability to delay payments to suppliers rather than an inherent efficiency in its underlying operational processes or inventory management.

While a negative CCC is often viewed as a sign of strength, in this context, it appears to be a defensive measure to preserve liquidity amidst declining top-line revenue. Analysts should be cautious, as this reliance on extended payables may eventually limit the company's operational flexibility with key content providers.

Debt Service Capacity Under Pressure

Based on the provided quarterly data, the interest coverage ratio has fluctuated significantly, falling to 1.75 in 2026Q1, which highlights the increasing difficulty the company faces in servicing its debt obligations as operating margins remain compressed and revenue continues its multi-quarter contraction trend.

The volatility in interest coverage suggests that the company's debt load is becoming a significant burden on its financial health. Investors should monitor the company's ability to refinance upcoming maturities, as any tightening in credit conditions could exacerbate the existing liquidity risks identified in recent balance sheet disclosures.

Misapplication of P/E in Conglomerates

The P/E ratio is frequently misapplied to this business model because it fails to account for the significant non-cash equity-method adjustments related to the TelevisaUnivision stake, which frequently distort net income and render traditional earnings-based valuation metrics largely irrelevant for assessing core operational performance.

Analysts should instead focus on EV/EBITDA or P/FCF to better capture the cash-generating capacity of the underlying telecom operations. Relying on P/E in this instance obscures the true operational reality and may lead to erroneous conclusions regarding the company's actual profitability and valuation relative to its peers.

Download Financial Ratios Data

Includes 30+ ratios · 30 years · Updated daily

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TV — Frequently Asked Questions

Quick answers to the most common questions about buying TV stock.

What is Grupo Televisa, S.A.B.'s P/E ratio?

Grupo Televisa, S.A.B.'s current P/E ratio is -2.5x. The historical average is 2.1x.

What is Grupo Televisa, S.A.B.'s EV/EBITDA?

Grupo Televisa, S.A.B.'s current EV/EBITDA is 4.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 2.5x.

What is Grupo Televisa, S.A.B.'s ROE?

Grupo Televisa, S.A.B.'s return on equity (ROE) is -8.5%. The historical average is 11.2%.

Is TV stock overvalued?

Based on historical data, Grupo Televisa, S.A.B. is trading at a P/E of -2.5x. Compare with industry peers and growth rates for a complete picture.

What is Grupo Televisa, S.A.B.'s dividend yield?

Grupo Televisa, S.A.B.'s current dividend yield is 24.02%.

What are Grupo Televisa, S.A.B.'s profit margins?

Grupo Televisa, S.A.B. has 38.2% gross margin and 8.6% operating margin.

How much debt does Grupo Televisa, S.A.B. have?

Grupo Televisa, S.A.B.'s Debt/EBITDA ratio is 4.1x, indicating high leverage. A ratio above 4x may signal elevated financial risk.