Warner Music Group Corp. (WMG) P/E Ratio History
Fairly ValuedTrading at 40.2x, near 5Y avg of 41.8x · 60th percentile · In line with own history · Data 2021–2026
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P/E Ratio Analysis
As of June 21, 2026, Warner Music Group Corp. (WMG) trades at a price-to-earnings ratio of 40.2x, with a stock price of $28.17 and trailing twelve-month earnings per share of $0.87.
The current P/E is roughly in line with its 5-year average of 41.8x. Over the past five years, WMG's P/E has ranged from a low of 21.9x to a high of 73.1x, placing the current valuation at the 60th percentile of its historical range.
Compared to the Communication Services sector median P/E of 15.3x, WMG trades at a 163% premium to its sector peers. The sector includes 110 companies with P/E ratios ranging from 0.1x to 161.8x.
Relative to the broader market, WMG commands a significant premium over the S&P 500 median P/E of 24.4x. 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 WMG 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.
WMG Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
WMG P/E vs Peers
Music and Audio Platforms peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $4B | 99.4 | - | -43% | |
| $96B | 38.7 | - | +91%Best | |
| $4.4T | 39.9 | 2.24 | +23% | |
| $2.6T | 34.1 | 1.22 | +30% | |
| $4.5T | 34.0 | 1.14Best | +34% | |
| $1.5T | 24.6Lowest | 1.33 | -2% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
WMG Historical P/E Data (2021–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q2 | - | $25.54 | $0.87 | 29.4x | -30% |
| FY2026 Q1 | Dec 31 2025 | $30.67 | $0.59 | 52.1x | +25% |
| FY2025 Q4 | - | $34.06 | $0.70 | 48.8x | +17% |
| FY2025 Q3 | Jun 30 2025 | $27.24 | $0.57 | 48.1x | +15% |
| FY2025 Q2 | Mar 31 2025 | $31.35 | $0.86 | 36.6x | -12% |
| FY2025 Q1 | - | $31.00 | $0.97 | 32.0x | -23% |
| FY2024 Q4 | Sep 30 2024 | $31.30 | $0.82 | 38.3x | -8% |
| FY2024 Q3 | Jun 30 2024 | $30.65 | $1.04 | 29.5x | -29% |
| FY2024 Q2 | Mar 31 2024 | $33.02 | $1.02 | 32.4x | -23% |
| FY2024 Q1 | Dec 31 2023 | $35.79 | $0.91 | 39.5x | -5% |
| FY2023 Q4 | Sep 30 2023 | $31.40 | $0.85 | 37.1x | -11% |
| FY2023 Q3 | Jun 30 2023 | $26.09 | $0.83 | 31.6x | -24% |
| FY2023 Q2 | Mar 31 2023 | $33.37 | $0.83 | 40.4x | -3% |
| FY2023 Q1 | Dec 31 2022 | $35.02 | $0.94 | 37.3x | -11% |
| FY2022 Q4 | Sep 30 2022 | $23.21 | $1.06 | 21.9x | -48% |
| FY2022 Q3 | - | $24.36 | $0.83 | 29.2x | -30% |
| FY2022 Q2 | - | $37.85 | $0.71 | 53.0x | +27% |
| FY2022 Q1 | Dec 31 2021 | $43.18 | $0.75 | 57.2x | +37% |
| FY2021 Q4 | - | $42.74 | $0.58 | 73.1x | +75% |
| FY2021 Q3 | Jun 30 2021 | $36.04 | $0.53 | 68.3x | +63% |
Average P/E for displayed period: 41.8x
Full Stock Analysis
Deep dive into WMG consensus models and risk factors.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
5+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
WMG — Frequently Asked Questions
Quick answers to the most common questions about buying WMG stock.
What is WMG's P/E ratio?
Warner Music Group Corp. (WMG) trailing twelve-month P/E ratio is 40.2x, based on TTM diluted EPS of $0.87. The 5-year average P/E is 41.8x and the historical range spans 21.9x to 73.1x.
Is WMG stock overvalued or undervalued?
WMG trades at 40.2x P/E, near its 5-year average of 41.8x. The 60th percentile ranking within the 21.9x–73.1x historical range places valuation within normal bounds.
Is WMG stock expensive?
WMG is fairly valued relative to its own history. The current P/E of 40.2x is near the 5-year average of 41.8x (60th percentile of historical range).
What is WMG's historical P/E range?
Over the past 5 years, WMG's P/E ratio has ranged from 21.9x to 73.1x, with a median of 38.3x and an average of 41.8x. The current P/E of 40.2x places the stock at the 60th percentile of this range. Full historical data spans 2021–2026.
How does WMG's P/E compare to the S&P 500?
WMG trades at 40.2x P/E versus the S&P 500 median of 24.4x. The 65% premium to the market typically reflects higher expected earnings growth or quality.
How does WMG's valuation compare to Communication Services peers?
Warner Music Group Corp. P/E of 40.2x compares to the Communication Services sector median of 15.3x. The premium reflects expected growth above peers or stronger fundamentals. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is WMG's PEG ratio?
WMG PEG ratio is N/A, based on a P/E of 40.2x and EPS growth of -16.7%. PEG normalises P/E by growth and helps compare stocks with different earnings trajectories.
What is WMG's earnings yield?
WMG earnings yield is 2.48%, the inverse of its 40.2x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.