Warner Bros. Discovery, Inc. (WBD) P/E Ratio History
Historical price-to-earnings valuation from 2005 to 2025
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WBD Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 6, 2026, Warner Bros. Discovery, Inc. (WBD) trades at a price-to-earnings ratio of -5.9x, with a stock price of $27.24 and trailing twelve-month earnings per share of $0.20.
The current P/E is 129% below its 5-year average of 20.4x. Over the past five years, WBD's P/E has ranged from a low of 6.7x to a high of 102.8x, placing the current valuation at the 0th percentile of its historical range.
Compared to the Communication Services sector median P/E of 15.0x, WBD trades at a 139% discount to its sector peers. The sector includes 108 companies with P/E ratios ranging from 0.1x to 171.4x.
Relative to the broader market, WBD trades at a notable discount to the S&P 500 median P/E of 25.1x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our WBD DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
WBD P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $180B | 14.7 | - | +152% | |
| $14B | 12.7 | 0.51 | +57% | |
| $372B | 34.7 | 1.05 | +28% | |
| $96B | 4.9Lowest | 0.26 | +30% | |
| $2.9T | 38.1 | 1.36 | +30% | |
| $4.2T | 38.1 | 2.13 | +23% | |
| $9B | 11.7 | 0.24Best | +146% | |
| $18B | 210.9 | - | +166%Best | |
| $4.7T | 35.9 | 1.20 | +34% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
WBD Historical P/E Data (2005–2025)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2025 Q3 | $19.53 | $0.19 | 102.8x | +188% | |
| FY2025 Q2 | Mon Jun 30 2025 00:00:00 GM | $11.46 | $0.30 | 37.6x | +5% |
| FY2022 Q1 | $24.92 | $2.02 | 12.3x | -65% | |
| FY2021 Q4 | Fri Dec 31 2021 00:00:00 GM | $23.54 | $1.54 | 15.3x | -57% |
| FY2021 Q3 | $25.38 | $1.88 | 13.5x | -62% | |
| FY2021 Q2 | Wed Jun 30 2021 00:00:00 GM | $30.68 | $2.08 | 14.8x | -59% |
| FY2021 Q1 | Wed Mar 31 2021 00:00:00 GM | $43.46 | $1.47 | 29.6x | -17% |
| FY2020 Q4 | $30.09 | $1.81 | 16.6x | -53% | |
| FY2020 Q3 | Wed Sep 30 2020 00:00:00 GM | $21.77 | $2.06 | 10.6x | -70% |
| FY2020 Q2 | $21.10 | $1.97 | 10.7x | -70% | |
| FY2020 Q1 | $19.44 | $2.90 | 6.7x | -81% | |
| FY2019 Q4 | $32.74 | $2.88 | 11.4x | -68% |
Average P/E for displayed period: 35.7x
Full WBD Stock Analysis
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Start ComparisonWBD — Frequently Asked Questions
Quick answers to the most common questions about buying WBD stock.
Is WBD stock overvalued or undervalued?
WBD trades at -5.9x P/E, below its 5-year average of 20.4x. At the N/A percentile of historical range, the stock is priced at a discount to its own history.
How does WBD's valuation compare to peers?
Warner Bros. Discovery, Inc. P/E of -5.9x compares to sector median of 15.0x. The discount suggests lower growth expectations or higher risk.
What is WBD's PEG ratio?
WBD PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 2005-2025.