News Corporation (NWSA) 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

-40.3%

$19.31

vs $32.38 price

Levered DCF

$22.46

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

2.5

Grey zone

Rating

Overall 3 / 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	27.24×	41.84×	59.89×	75.85×	14.99×	43.48×	-4.54×	35.87×
P/B	1.83×	2.22×	1.98×	1.41×	1.14×	1.75×	0.93×	0.89×
P/S	1.73×	2.3×	1.95×	1.42×	0.9×	1.54×	0.78×	0.81×
EV / EBITDA	10.74×	14.14×	14.17×	9.15×	6.96×	12.24×	7.92×	7.43×
Gross margin	56.9%	56.2%	54.2%	51.5%	51.1%	48.9%	45.3%	37.6%
Operating margin	11.4%	16.7%	14.8%	13.6%	16.2%	13.7%	11.3%	7.7%
Net margin	6.3%	5.5%	3.2%	1.9%	6.0%	3.5%	-14.1%	2.3%
Current ratio	1.62×	1.84×	1.43×	1.28×	1.16×	1.38×	1.29×	1.21×
Debt / equity	0.34×	0.34×	0.38×	0.52×	0.51×	0.44×	0.33×	0.16×
Interest coverage	0×	141.5×	14.38×	13.01×	16.01×	34.76×	40.64×	13.1×
Dividend yield	1.3%	0.9%	1.1%	1.5%	1.9%	1.1%	2.2%	2.0%
Payout ratio	35.6%	39.9%	64.7%	116.8%	28.1%	49.4%	-12.5%	70.6%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	6.7%	5.3%	3.3%	1.8%	7.6%	4.0%	-16.7%	2.5%
Return on invested capital	5.7%	7.6%	5.8%	4.7%	11.1%	8.1%	8.6%	3.8%
Return on assets	3.7%	3.0%	1.6%	0.9%	3.6%	2.0%	-8.9%	1.5%
Free cash flow yield	5.2%	3.7%	4.6%	5.2%	9.1%	5.9%	4.9%	4.4%
Earnings yield	3.7%	2.4%	1.7%	1.3%	6.7%	2.3%	-18.1%	2.8%
Enterprise value	$16.4B	$20B	$17.3B	$13.7B	$11.7B	$15.7B	$8B	$8B
Net debt / EBITDA	0.54×	0.38×	1.01×	1.58×	1.39×	1.06×	1×	-0.18×
Cash conversion cycle (days)	61	67	64	53	46	53	49	52