Fox Corporation (FOX) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+112.7%

$119.21

vs $56.06 price

Levered DCF

$107.22

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

3.42

Safe zone

Rating

A-

Overall 4 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	11.8×	10.39×	10.13×	13.69×	14.08×	9.75×	16.57×	13.99×
P/B	1.71×	1.99×	1.42×	1.63×	1.49×	1.88×	1.64×	2.25×
P/S	1.16×	1.46×	1.09×	1.14×	1.21×	1.62×	1.34×	1.96×
EV / EBITDA	5.98×	7.38×	6.72×	6.74×	6.78×	7.69×	7.39×	9.64×
Gross margin	36.6%	35.5%	35.0%	35.0%	34.8%	37.7%	36.5%	35.7%
Operating margin	22.7%	22.1%	20.3%	21.1%	20.9%	23.5%	22.3%	23.2%
Net margin	9.8%	13.9%	10.7%	8.3%	8.6%	16.7%	8.1%	14.0%
Current ratio	3.17×	2.91×	2.54×	1.93×	3.61×	2.91×	3.93×	3.78×
Debt / equity	0.65×	0.62×	0.76×	0.79×	0.68×	0.76×	0.84×	0.68×
Interest coverage	12.02×	8.94×	7.01×	9×	7.75×	7.69×	7.42×	13.02×
Dividend yield	1.4%	1.2%	1.8%	1.8%	1.8%	1.6%	2.0%	29.9%
Payout ratio	17.0%	12.2%	18.7%	24.1%	25.5%	15.3%	33.5%	419.3%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	14.5%	18.9%	14.0%	11.9%	10.6%	19.3%	9.9%	16.0%
Return on invested capital	14.9%	13.3%	10.7%	11.7%	10.6%	11.0%	9.9%	11.0%
Return on assets	7.5%	9.8%	6.8%	5.7%	5.4%	9.4%	4.6%	8.2%
Free cash flow yield	7.4%	12.6%	9.8%	8.5%	9.3%	10.3%	12.1%	10.3%
Earnings yield	8.5%	9.5%	9.9%	7.3%	7.1%	10.3%	6.0%	7.1%
Enterprise value	$23.2B	$25.9B	$19B	$20.9B	$19.4B	$23.5B	$20.4B	$25.8B
Net debt / EBITDA	0.87×	0.6×	1.35×	1.27×	0.88×	0.84×	1.4×	1.31×
Cash conversion cycle (days)	90	70	59	44	60	61	73	119