Warner Bros. Discovery, Inc. WBD

30.86 0.02 0.06% as of 25 Sep
Market cap
$77.3B
P/E
0.0×
Indexes indicate stock being part of an index

Warner Bros. Discovery, Inc. (WBD) Price to free cash flow

As of 25 September 2026, Warner Bros. Discovery, Inc. (WBD) trades at a price to free cash flow of 35.5×. Over the past ten years it has ranged from 2.3× (June 2024) to 35.5× (September 2026) — the current reading is the highest in ten years. That is above the Entertainment industry median of 16.6× and above the Communication Services sector median of 9.8×.

Price to free cash flow, daily

Annual

Period Price to free cash flow Change
FY2025 23.1× 294.87%
FY2024 5.8× 26.88%
FY2023 4.6× (17.37%)
FY2022 5.6× (2.25%)
FY2021 5.7× (25.99%)
FY2020 7.7× 38.49%
FY2019 5.6× 9.79%
FY2018 5.1× (14.61%)
FY2017 5.9× (31.55%)
FY2016 8.7× (10.33%)

Quarterly

Period Price to free cash flow Change
Jun 2026 30.7× 0.70%
Mar 2026 30.5× 32.02%
Dec 2025 23.1× 97.23%
Sep 2025 11.7× 67.71%
42 more quarters

Against its own ten years

Low 2.3× High 35.5×
Ten-year median 7.5×
Current reading's percentile 100

Price to free cash flow against peers

Company Price to free cash flow
TKO TKO Group Holdings, Inc. compare 8.2×
FOX Fox Corporation compare 16.6×
FOXA Fox Corporation compare 18.5×
DIS The Walt Disney Company compare 22.2×
LYV Live Nation Entertainment, Inc. compare 28.5×
FWONA Liberty Media Corporation - Liberty Formula One Series A compare 30.1×
ROKU Roku, Inc. compare 31.8×
FWONK Liberty Media Corporation - Liberty Formula One Series C compare 32.9×
WBD Warner Bros. Discovery, Inc. 35.5×
Entertainment industry median 16.6×
Communication Services sector median 9.8×
Market median 14.0×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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