Latest Ratios: P/E Ratio -2.4x · EV/EBITDA 3.5x · ROE -8.5%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.2B | $1.7B | $914M | $1.9B | $2.7B | $5.6B | $4.6B | $6.8B | $6.5B | $11.0B | $12.9B |
| Enterprise Value | $4.2B | $56.8B | $63.1B | $65.1B | $65.2B | $11.0B | $107.4B | $110.9B | $96.4B | $94.5B | $92.4B |
| P/E Ratio → | -2.37 | — | — | — | — | — | — | 1.43 | 1.08 | 3.19 | 3.57 |
| P/S Ratio | 0.37 | 0.03 | 0.01 | 0.03 | 0.04 | 0.08 | 0.06 | 0.07 | 0.06 | 0.12 | 0.13 |
| P/B Ratio | 0.23 | 0.02 | 0.01 | 0.01 | 0.02 | 1.20 | 0.05 | 0.06 | 0.06 | 0.11 | 0.14 |
| P/FCF | 2.25 | 0.17 | 0.04 | — | 0.05 | 1.36 | 0.39 | 1.12 | 0.87 | 1.67 | 2.07 |
| P/OCF | 0.94 | 0.07 | 0.03 | 0.12 | 0.22 | 0.19 | 0.14 | 0.25 | 0.19 | 0.44 | 0.35 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.97 | 1.01 | 0.98 | 0.95 | 0.15 | 1.52 | 1.09 | 0.95 | 1.00 | 0.96 |
| EV / EBITDA | 3.47 | 2.56 | 3.03 | 2.68 | 2.54 | 0.40 | 3.87 | 2.92 | 2.40 | 2.88 | 2.75 |
| EV / EBIT | 15.29 | 8.74 | 226.06 | 97.56 | — | 0.95 | 19.27 | 5.78 | 4.44 | 4.70 | 5.53 |
| EV / FCF | — | 5.85 | 2.86 | — | 1.18 | 2.65 | 9.10 | 18.32 | 12.95 | 14.41 | 14.80 |
Margins and return-on-capital ratios measuring operating efficiency
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 | 38.2% | 38.2% | 34.0% | 34.6% | 36.8% | 36.9% | 36.0% | 42.0% | 42.9% | 43.2% | 45.6% |
| Operating Margin | 8.6% | 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% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 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% |
| ROIC | 2.3% | 2.3% | 0.1% | 1.1% | 3.1% | 4.6% | 2.4% | 6.3% | 8.0% | 6.0% | 7.3% |
| ROCE | 2.4% | 2.4% | 0.1% | 1.2% | 3.2% | 5.2% | 2.7% | 6.8% | 8.2% | 5.7% | 6.9% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.89 | 0.89 | 0.97 | 0.71 | 0.79 | 1.40 | 1.50 | 1.25 | 1.16 | 1.23 | 1.34 |
| Debt / EBITDA | 4.13 | 4.13 | 5.20 | 3.94 | 4.43 | 0.24 | 4.76 | 3.46 | 3.04 | 3.73 | 3.78 |
| Net Debt / Equity | — | 0.54 | 0.56 | 0.47 | 0.43 | 1.14 | 1.17 | 0.99 | 0.86 | 0.84 | 0.84 |
| Net Debt / EBITDA | 2.48 | 2.48 | 2.98 | 2.60 | 2.44 | 0.19 | 3.71 | 2.74 | 2.24 | 2.55 | 2.37 |
| Debt / FCF | — | 5.67 | 2.81 | — | 1.13 | 1.29 | 8.72 | 17.21 | 12.08 | 12.73 | 12.73 |
| Interest Coverage | 0.87 | 0.87 | 0.04 | 0.09 | -0.35 | 1.27 | 0.53 | 35.49 | 2.24 | 2.17 | 1.97 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.12 | 2.12 | 2.49 | 1.78 | 2.37 | 1.26 | 1.58 | 1.61 | 1.47 | 1.71 | 1.67 |
| Quick Ratio | 2.11 | 2.11 | 2.48 | 1.74 | 2.33 | 1.22 | 1.54 | 1.58 | 1.45 | 1.69 | 1.64 |
| Cash Ratio | 1.29 | 1.29 | 1.73 | 0.94 | 1.49 | 0.46 | 0.66 | 0.65 | 0.66 | 0.91 | 0.92 |
| Asset Turnover | — | 0.26 | 0.25 | 0.25 | 0.23 | 5.15 | 0.26 | 0.35 | 0.34 | 0.32 | 0.31 |
| Inventory Turnover | 258.83 | 258.83 | 88.76 | 34.33 | 29.94 | 431.46 | 27.55 | 51.30 | 56.35 | 35.86 | 27.58 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
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 | 4.2% | 60.1% | 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% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | 69.9% | 93.0% | 31.3% | 28.0% |
| FCF Yield | 44.4% | 573.8% | 2414.4% | — | 2013.9% | 73.7% | 256.9% | 89.5% | 115.2% | 59.8% | 48.2% |
| Buyback Yield | 2.7% | 35.1% | 55.9% | 77.9% | 82.4% | 19.5% | 11.0% | 22.0% | 71.1% | 47.2% | 13.3% |
| Total Shareholder Yield | 6.9% | 95.2% | 100.0% | 100.0% | 100.0% | 38.2% | 11.0% | 37.7% | 87.7% | 57.1% | 21.7% |
| Shares Outstanding | — | $582M | $544M | $560M | $601M | $602M | $557M | $576M | $514M | $588M | $620M |
Includes 30+ ratios · 30 years · Updated daily
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10-year return with dividends reinvested.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying TV stock.
Grupo Televisa, S.A.B.'s current P/E ratio is -2.4x. The historical average is 2.1x.
Grupo Televisa, S.A.B.'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 2.5x.
Grupo Televisa, S.A.B.'s return on equity (ROE) is -8.5%. The historical average is 11.2%.
Based on historical data, Grupo Televisa, S.A.B. is trading at a P/E of -2.4x. Compare with industry peers and growth rates for a complete picture.
Grupo Televisa, S.A.B.'s current dividend yield is 4.21%.
Grupo Televisa, S.A.B. has 38.2% gross margin and 8.6% operating margin.
Grupo Televisa, S.A.B.'s Debt/EBITDA ratio is 4.1x, indicating high leverage. A ratio above 4x may signal elevated financial risk.
Key Metrics
Top Statement Risk
AMX FTTH competitive pressure
Deep Discount Reflects Distress
According to recent market data, TV trades at a P/E of -2.68 and a P/B of 0.27, with a dividend yield of 3.7%, suggesting the market prices in significant operational and financial risk.
The negative P/E and extremely low P/B indicate that investors are valuing TV's assets at a fraction of their book value, likely due to persistent losses and competitive threats. The forward P/E of 0.66 is anomalous and may reflect data issues or expectations of a sharp earnings recovery, but given the negative net margins, this appears overly optimistic. The dividend yield of 3.7% is attractive on the surface, but with negative earnings, the sustainability of this payout is questionable, and the market may be pricing in a dividend cut.
Earned ROE Trails Authorized Levels
Based on reported figures, TV's ROE has been negative in most quarters, with -0.5% in 2026Q2, far below the typical authorized ROE for regulated utilities, indicating a significant regulatory lag.
The earned ROE has been consistently below any reasonable authorized return, with only 2024Q1 showing a positive 12.2% ROE. This suggests that TV is not earning its cost of capital, which may be due to competitive pressures and regulatory constraints. The negative ROE in recent quarters, including -7.2% in 2025Q4, indicates that the company is destroying shareholder value, and investors should monitor whether management can improve returns through cost cuts or regulatory adjustments.
Margin Compression from Competitive Forces
As reported in financial statements, TV's operating margin improved to 11.7% in 2026Q2 from 8.3% a year earlier, but remains below the 18.3% peak in 2024Q1, reflecting ongoing cost pressures.
The operating margin recovery is encouraging, but it is still below historical levels, suggesting that TV has not fully recovered from the competitive onslaught. The gross margin of 38.19% is constrained by content costs and dollar-denominated expenses, which are not fully recoverable. The negative net margin of -3.5% in 2026Q2, despite positive operating income, indicates that non-operating items, such as equity method losses from TelevisaUnivision, are eroding profitability. This suggests that the core telecom operations may be marginally profitable, but the overall entity is not.
Leverage Elevated but Manageable
Based on reported figures, TV's debt-to-capital ratio stood at 0.44 in 2026Q2, with interest coverage of 1.18x, indicating thin coverage but a manageable debt load relative to capital.
The debt-to-capital ratio has remained stable around 0.44-0.49 over the past year, suggesting that TV is not aggressively levering up. However, interest coverage of 1.18x is low, meaning that operating income barely covers interest expenses, leaving little room for error. The FFO-to-debt ratio of 1.18% is extremely low, indicating weak cash flow generation relative to debt, which could strain credit metrics if cash flows deteriorate further. Investors should monitor whether TV can improve its coverage ratios through operational improvements or debt reduction.
Dividend Coverage Thin Amidst Cash Needs
According to recent financial disclosures, TV paid dividends of $1.0B in 2025Q2 and 2024Q2, but recent quarters show no dividends, suggesting a pause to preserve cash for network investments.
The dividend payout ratio was 85.6% in 2025Q2, indicating that almost all earnings were paid out, leaving little for reinvestment. However, with negative net income in many quarters, the dividend is not covered by earnings, and the company has suspended dividends in recent quarters, likely to conserve cash. This suggests that the dividend yield of 3.7% may not be sustainable, and investors should not rely on it as a return component. The cash flow statement shows that operating cash flow covered dividends by 2.2x in 2025Q2, but with CAPEX exceeding OCF, the dividend is competing with capital expenditures for limited cash.
Misapplied P/E on Negative Earnings
The most commonly misapplied ratio for TV is the P/E, which is meaningless when earnings are negative; instead, EV/EBITDA or P/B should be used to assess valuation.
Analysts often compare TV's P/E to peers, but with negative net income, the P/E is not meaningful. The EV/EBITDA of 3.60 is more informative, indicating that the market values TV's operating cash flow at a low multiple, possibly reflecting high risk. Similarly, P/B of 0.27 suggests that the market values TV's assets at a steep discount to book, which may be due to the risk of impairment or the low return on assets. Investors should focus on EV/EBITDA and P/B, and adjust for the non-cash items from the TelevisaUnivision stake to get a clearer picture of the core telecom business's valuation.