Communication Services · Movies & Entertainment · US stock · price as of 16 Oct 2026
Key indicators
Price
$110.59
52-week range
$91.49 – $115.42
Market cap
$192.8B
P/E (trailing)
22.9×
EV / EBITDA
9.8×
Free-cash-flow yield
4.3%
Dividend yield
1.4%
Revenue (last 12 months)
$98.9B
Revenue growth (3y a year)
4.5%
Operating margin
18.4%
Return on invested capital
8.8%
Net debt / EBITDA
1.7×
Fair value
Blended fair value$151.47 range $143 – $161
Versus priceFair+37% to fair value
Peer multiples
$119.41
Fundamentals-adjusted multiple
$175.08
10-year DCF (market-scaled)
$159.92
Earnings power value (floor, not blended)
$50.13
Model uncertainty
Medium
X-Ray Score
55/ 100 · Medium confidence · ahead of 61% of sector peers
Valuation64
Growth55
Profitability47
Financial health64
Dividends38
Five-year price chart navy: price · brown: 200-day average · blue band: fair value range
Executive summary
Disney is an entertainment company with film and television studios, streaming services, cable and broadcast channels, theme parks, cruise ships and consumer products. It earns money from subscriptions to Disney+ and other streaming services, advertising, fees from channel distributors, theme park admissions and hotel stays, film releases and merchandise licensing. Its content franchises feed several of these businesses at once.
Revenue over the last twelve months came to $98.9 billion. The three-year revenue growth rate is 4.5% a year. Profitability shows an operating margin of 18.4% and a return on invested capital of 9%. Net debt stands at 1.7 times EBITDA. Shareholders receive a dividend, yielding 1.4%. These figures describe past results as reported and are a factual snapshot, not a forecast. Some measures, such as margins for real estate trusts and banks, are defined differently from those of industrial firms, so comparisons should be made with care.
StocksXray gives Walt Disney Co an X-Ray Score of 55 out of 100 (medium confidence), ahead of 61% of the S&P 500 stocks in its sector. Its strongest lens is financial health (64) and its weakest is dividends (38).
Our fair value blend is $151.47 (range $142.80 to $160.87). At $110.59 the stock trades 27% below that blend, so the label is "Fair" with medium model uncertainty. Fair value is a range, not a price target.
XStocksXray
Walt Disney Co (DIS)
Valuation history multiples at each fiscal year-end price; the last column uses today's price and the last twelve months
FY2021
FY2022
FY2023
FY2024
FY2025
Now
Price
$170.65
$91.46
$78.58
$93.82
$111.85
$110.59
Market cap
$311.9B
$167.1B
$143.8B
$171.8B
$202.6B
$192.8B
P/E
156.6×
53.2×
60.9×
34.5×
16.3×
22.9×
EV / revenue
5.3×
2.5×
2.0×
2.4×
2.6×
2.4×
EV / EBITDA
27.6×
12.0×
9.9×
10.5×
10.6×
10.1×
Price / free cash flow
–
–
29.4×
20.1×
20.1×
23.2×
Free-cash-flow yield
–
–
3.4%
5.0%
5.0%
4.3%
Price / book
3.5×
1.8×
1.4×
1.7×
1.8×
1.8×
Dividend yield
–
–
–
–
–
1.36%
Fundamentals checklist ● 3 Good · ● 9 Average · ● 1 Bad · each check graded against the sector
Cash quality
Earnings backed by cash−4.1%Average
Free-cash-flow yield4.3%Average
Risk models
Altman Z score2.5×Average
Piotroski F-Score8 of 9Good
Growth
EPS growth (3y)58.5%Good
Revenue growth (3y)4.5%Average
Growth consistency90%Average
Balance sheet
Current ratio0.7×Bad
Net debt / EBITDA1.7×Average
Valuation
Fair value vs price1.4×Average
EBIT / EV yield7.6%Good
Profitability
Return on invested capital8.8%Average
Operating margin18.4%Average
XStocksXray
Walt Disney Co (DIS)
Financials US$ millions, from SEC filings; last column is the last twelve months
Income statement
FY21
FY22
FY23
FY24
FY25
LTM
Revenue
67,418
82,722
88,898
91,361
94,425
98,861
Gross profit
–
–
–
–
–
–
Operating income
7,766
12,121
12,863
15,601
17,551
18,238
Net income
1,995
3,145
2,354
4,972
12,404
8,600
Diluted EPS ($)
1.09
1.72
1.29
2.72
6.85
4.83
Free cash flow
–
–
4,897
8,559
10,077
8,293
Gross margin
–
–
–
–
–
–
Operating margin
11.5%
14.7%
14.5%
17.1%
18.6%
18.4%
Net margin
3.0%
3.8%
2.6%
5.4%
13.1%
8.7%
Balance sheet
FY21
FY22
FY23
FY24
FY25
LTM
Total assets
203,609
203,631
205,579
196,219
197,514
204,740
Cash
15,959
11,615
14,182
6,002
5,695
5,185
Total debt
54,406
48,369
46,431
45,815
42,026
46,041
Equity
88,553
95,008
99,277
100,696
109,869
110,032
Dividend per share ($)
–
–
–
–
–
–
Revenue and net income US$ billions: navy revenue, teal net income
Every number comes from SEC filings, end-of-day prices and the StocksXray models described on the methodology page. The X-Ray Score ranks each metric against the company's own sector. Fair value blends three models and carries a typical error of about 40%, so treat it as a range. Analyst ratings, price targets and earnings-call summaries are not part of this report. Educational research, not financial advice; read the disclaimer.