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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 7/10

vs
industry
vs
history
Cash to Debt 0.04
CBS's Cash to Debt is ranked higher than
50% of the 472 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 0.53 vs. CBS: 0.04 )
CBS' s 10-Year Cash to Debt Range
Min: 0.02   Max: No Debt
Current: 0.04

Equity to Asset 0.34
CBS's Equity to Asset is ranked higher than
61% of the 468 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 0.46 vs. CBS: 0.34 )
CBS' s 10-Year Equity to Asset Range
Min: 0.32   Max: 0.71
Current: 0.34

0.32
0.71
Interest Coverage 8.67
CBS's Interest Coverage is ranked higher than
67% of the 270 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 12.70 vs. CBS: 8.67 )
CBS' s 10-Year Interest Coverage Range
Min: 0.91   Max: 9999.99
Current: 8.67

0.91
9999.99
F-Score: 8
Z-Score: 0.79
M-Score: -2.39
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 8/10

vs
industry
vs
history
Operating margin (%) 21.72
CBS's Operating margin (%) is ranked higher than
92% of the 475 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 9.67 vs. CBS: 21.72 )
CBS' s 10-Year Operating margin (%) Range
Min: -107.52   Max: 21.32
Current: 21.72

-107.52
21.32
Net-margin (%) 12.82
CBS's Net-margin (%) is ranked higher than
88% of the 475 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 6.18 vs. CBS: 12.82 )
CBS' s 10-Year Net-margin (%) Range
Min: -123.51   Max: 12.29
Current: 12.82

-123.51
12.29
ROE (%) 20.03
CBS's ROE (%) is ranked higher than
91% of the 460 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 7.54 vs. CBS: 20.03 )
CBS' s 10-Year ROE (%) Range
Min: -77.64   Max: 18.62
Current: 20.03

-77.64
18.62
ROA (%) 7.17
CBS's ROA (%) is ranked higher than
86% of the 475 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 3.86 vs. CBS: 7.17 )
CBS' s 10-Year ROA (%) Range
Min: -34.58   Max: 7.11
Current: 7.17

-34.58
7.11
ROC (Joel Greenblatt) (%) 91.11
CBS's ROC (Joel Greenblatt) (%) is ranked higher than
91% of the 474 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 20.34 vs. CBS: 91.11 )
CBS' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -423.38   Max: 95.04
Current: 91.11

-423.38
95.04
Revenue Growth (%) 8.10
CBS's Revenue Growth (%) is ranked higher than
87% of the 432 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 1.90 vs. CBS: 8.10 )
CBS' s 10-Year Revenue Growth (%) Range
Min: -23.3   Max: 8.1
Current: 8.1

-23.3
8.1
EBITDA Growth (%) 20.70
CBS's EBITDA Growth (%) is ranked higher than
90% of the 356 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 3.90 vs. CBS: 20.70 )
CBS' s 10-Year EBITDA Growth (%) Range
Min: -36.8   Max: 40.2
Current: 20.7

-36.8
40.2
EPS Growth (%) 36.50
CBS's EPS Growth (%) is ranked higher than
94% of the 329 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 5.20 vs. CBS: 36.50 )
CBS' s 10-Year EPS Growth (%) Range
Min: -43.1   Max: 428.3
Current: 36.5

-43.1
428.3
» CBS's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q3 2013

CBS Guru Trades in Q3 2013

Lee Ainslie 920,508 sh (New)
George Soros 300,000 sh (+500%)
Louis Moore Bacon 984,141 sh (+96.83%)
Eric Mindich 2,927,000 sh (+46.57%)
Pioneer Investments 94,993 sh (+21.03%)
Larry Robbins 4,449,502 sh (+4.7%)
Murray Stahl 1,421,897 sh (+1.01%)
Mario Gabelli 652,863 sh (+0.06%)
John Griffin 3,500,000 sh (unchged)
Chris Davis Sold Out
Joel Greenblatt Sold Out
John Rogers 1,286,036 sh (-3.47%)
Scott Black 248,619 sh (-4.21%)
Jeremy Grantham 239,149 sh (-9.39%)
Jim Simons 129,600 sh (-74.45%)
Steven Cohen 268,109 sh (-76.28%)
Stanley Druckenmiller 481,700 sh (-76.43%)
» More
Q4 2013

CBS Guru Trades in Q4 2013

David Tepper 489,000 sh (New)
Joel Greenblatt 6,298 sh (New)
Steven Cohen 2,557,499 sh (+853.9%)
Pioneer Investments 664,117 sh (+599.12%)
Louis Moore Bacon 3,233,595 sh (+228.57%)
Lee Ainslie 1,569,694 sh (+70.52%)
Eric Mindich 3,752,000 sh (+28.19%)
John Rogers 1,311,176 sh (+1.95%)
Larry Robbins 4,449,502 sh (unchged)
Stanley Druckenmiller 481,700 sh (unchged)
Steven Cohen 150,000 sh (unchged)
Jim Simons Sold Out
Mario Gabelli 627,963 sh (-3.81%)
Murray Stahl 1,326,878 sh (-6.68%)
Scott Black 221,785 sh (-10.79%)
Jeremy Grantham 204,832 sh (-14.35%)
John Griffin 2,940,000 sh (-16%)
George Soros 25,000 sh (-91.67%)
» More
Q1 2014

CBS Guru Trades in Q1 2014

Jim Simons 1,050,888 sh (New)
Paul Tudor Jones 12,302 sh (New)
John Paulson 4,476,600 sh (New)
Ray Dalio 18,784 sh (New)
George Soros 415,697 sh (+1562.79%)
Joel Greenblatt 42,044 sh (+567.58%)
David Tepper 1,260,224 sh (+157.71%)
Eric Mindich 3,992,000 sh (+6.4%)
Pioneer Investments 671,054 sh (+1.04%)
Lee Ainslie Sold Out
John Griffin Sold Out
Stanley Druckenmiller Sold Out
John Rogers 1,266,360 sh (-3.42%)
Murray Stahl 1,256,406 sh (-5.31%)
Scott Black 207,215 sh (-6.57%)
Mario Gabelli 583,468 sh (-7.09%)
Larry Robbins 3,098,758 sh (-30.36%)
Louis Moore Bacon 1,528,065 sh (-52.74%)
Jeremy Grantham 36,852 sh (-82.01%)
Steven Cohen 314,510 sh (-87.7%)
» More
Q2 2014

CBS Guru Trades in Q2 2014

Chase Coleman 367,526 sh (New)
Paul Tudor Jones 32,457 sh (+163.84%)
Pioneer Investments 1,548,316 sh (+130.73%)
Larry Robbins 5,325,826 sh (+71.87%)
David Tepper 2,163,678 sh (+71.69%)
Ray Dalio 29,884 sh (+59.09%)
Eric Mindich 5,688,900 sh (+42.51%)
George Soros 461,917 sh (+11.12%)
John Rogers 1,270,754 sh (+0.35%)
Mario Gabelli 583,908 sh (+0.08%)
George Soros 360,000 sh (unchged)
Steven Cohen 851,800 sh (unchged)
Eric Mindich 2,500,000 sh (unchged)
Joel Greenblatt Sold Out
Murray Stahl 1,222,655 sh (-2.69%)
Scott Black 165,410 sh (-20.17%)
Jim Simons 782,500 sh (-25.54%)
John Paulson 2,843,500 sh (-36.48%)
Louis Moore Bacon 542,376 sh (-64.51%)
Jeremy Grantham 4,000 sh (-89.15%)
» More
» Details

Insider Trades

Latest Guru Trades with CBS

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
John Paulson 2014-06-30 Reduce -36.48%0.51%$55.94 - $63.35 $ 54.62-8%2843500
Scott Black 2014-06-30 Reduce -20.17%0.28%$55.94 - $63.35 $ 54.62-8%165410
Joel Greenblatt 2014-06-30 Sold Out 0.04%$55.94 - $63.35 $ 54.62-8%0
Ray Dalio 2014-06-30 Add 59.09%0.01%$55.94 - $63.35 $ 54.62-8%29884
John Griffin 2014-03-31 Sold Out 1.9%$56.31 - $67.55 $ 54.62-14%0
John Paulson 2014-03-31 New Buy1.4%$56.31 - $67.55 $ 54.62-14%4476600
Lee Ainslie 2014-03-31 Sold Out 1.3%$56.31 - $67.55 $ 54.62-14%0
George Soros 2014-03-31 Add 1562.79%0.23%$56.31 - $67.55 $ 54.62-14%415697
Joel Greenblatt 2014-03-31 Add 567.58%0.03%$56.31 - $67.55 $ 54.62-14%42044
Ray Dalio 2014-03-31 New Buy0.01%$56.31 - $67.55 $ 54.62-14%18784
Lee Ainslie 2013-12-31 Add 70.52%0.54%$53.62 - $63.66 $ 54.62-7%1569694
John Griffin 2013-12-31 Reduce -16%0.37%$53.62 - $63.66 $ 54.62-7%2940000
George Soros 2013-12-31 Reduce -91.67%0.17%$53.62 - $63.66 $ 54.62-7%25000
Scott Black 2013-12-31 Reduce -10.79%0.17%$53.62 - $63.66 $ 54.62-7%221785
Joel Greenblatt 2013-12-31 New Buy0.01%$53.62 - $63.66 $ 54.62-7%6298
Lee Ainslie 2013-09-30 New Buy0.69%$49.11 - $56.81 $ 54.623%920508
Joel Greenblatt 2013-09-30 Sold Out 0.17%$49.11 - $56.81 $ 54.623%0
George Soros 2013-09-30 Add 500%0.15%$49.11 - $56.81 $ 54.623%300000
Premium More recent guru trades are included for Premium Members only!!
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Guru Investment Theses on CBS Corp

Gabelli Asset Management Comments on CBS Corp - May 13, 2014

CBS Corp. (4.4%) (CBS)(CBS - $61.89 - NYSE) operates the CBS television network and the premium cable network Showtime, owns 29 local television stations and 130 radio stations, and is the third largest international outdoor advertising network. We believe CBS has a number of opportunities to generate incremental non-advertising revenue from the sale of existing content to online video distributors (OVDs) and the retransmission of content agreements with traditional distributors. In addition, we expect a continued recovery in advertising to contribute to earnings growth. Finally, we believe financial engineering, including the announced $3 billion share buyback and the expected split-off and REIT conversion of CBS Outdoor, could act as a catalyst for shares.

From Mario Gabelli (Trades, Portfolio)'s Value 25 Fund first quarter 2014 shareholder commentary.

Check out Mario Gabelli latest stock trades

Top Ranked Articles about CBS Corp

Gabelli Asset Management Comments on CBS Corp
CBS Corp. (4.4%) (CBS)(CBS - $61.89 - NYSE) operates the CBS television network and the premium cable network Showtime, owns 29 local television stations and 130 radio stations, and is the third largest international outdoor advertising network. We believe CBS has a number of opportunities to generate incremental non-advertising revenue from the sale of existing content to online video distributors (OVDs) and the retransmission of content agreements with traditional distributors. In addition, we expect a continued recovery in advertising to contribute to earnings growth. Finally, we believe financial engineering, including the announced $3 billion share buyback and the expected split-off and REIT conversion of CBS Outdoor, could act as a catalyst for shares. Read more...
Stanley Druckenmiller - Q3 Sells in Review
As of the third quarter, the Duquesne Family Office portfolio, managed by Stanley Druckenmiller, lists 28 stocks, 19 of them new, a total value at $846 million, with a quarter-over-quarter turnover of 47%. The portfolio is weighted with top three sectors: technology at 28.7%, healthcare at 22.2% and energy at 18.4%. The stocks Stanley Druckenmiller bought in the past 12 months have an average return of 19.18%. Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 17.80
CBS's P/E(ttm) is ranked higher than
83% of the 496 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 32.80 vs. CBS: 17.80 )
CBS' s 10-Year P/E(ttm) Range
Min: 8.55   Max: 64.45
Current: 17.8

8.55
64.45
P/B 3.60
CBS's P/B is ranked higher than
63% of the 496 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 2.63 vs. CBS: 3.60 )
CBS' s 10-Year P/B Range
Min: 0.27   Max: 4.9
Current: 3.6

0.27
4.9
P/S 2.30
CBS's P/S is ranked higher than
68% of the 496 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 2.13 vs. CBS: 2.30 )
CBS' s 10-Year P/S Range
Min: 0.17   Max: 11.64
Current: 2.3

0.17
11.64
PFCF 28.50
CBS's PFCF is ranked higher than
81% of the 496 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 75.84 vs. CBS: 28.50 )
CBS' s 10-Year PFCF Range
Min: 1.74   Max: 64.54
Current: 28.5

1.74
64.54
EV-to-EBIT 12.56
CBS's EV-to-EBIT is ranked higher than
86% of the 496 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 21.91 vs. CBS: 12.56 )
CBS' s 10-Year EV-to-EBIT Range
Min: 6.8   Max: 57.2
Current: 12.56

6.8
57.2
PEG 0.70
CBS's PEG is ranked higher than
98% of the 496 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 9999.00 vs. CBS: 0.70 )
CBS' s 10-Year PEG Range
Min: 0.76   Max: 0.88
Current: 0.7

0.76
0.88
Current Ratio 1.62
CBS's Current Ratio is ranked higher than
73% of the 471 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 1.50 vs. CBS: 1.62 )
CBS' s 10-Year Current Ratio Range
Min: 0.9   Max: 6.75
Current: 1.62

0.9
6.75
Quick Ratio 1.34
CBS's Quick Ratio is ranked higher than
71% of the 471 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 1.34 vs. CBS: 1.34 )
CBS' s 10-Year Quick Ratio Range
Min: 0.58   Max: 6.21
Current: 1.34

0.58
6.21

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 0.90
CBS's Dividend Yield is ranked lower than
75% of the 283 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 2.27 vs. CBS: 0.90 )
CBS' s 10-Year Dividend Yield Range
Min: 0.14   Max: 25.22
Current: 0.9

0.14
25.22
Dividend Payout 0.16
CBS's Dividend Payout is ranked higher than
94% of the 496 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 9999.00 vs. CBS: 0.16 )
CBS' s 10-Year Dividend Payout Range
Min: 0.11   Max: 2.5
Current: 0.16

0.11
2.5
Dividend growth (3y) 33.90
CBS's Dividend growth (3y) is ranked higher than
94% of the 185 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 7.20 vs. CBS: 33.90 )
CBS' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 45.5
Current: 33.9

0
45.5
Yield on cost (5-Year) 3.20
CBS's Yield on cost (5-Year) is ranked higher than
63% of the 292 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 2.43 vs. CBS: 3.20 )
CBS' s 10-Year Yield on cost (5-Year) Range
Min: 0.5   Max: 89.74
Current: 3.2

0.5
89.74
Share Buyback Rate 3.50
CBS's Share Buyback Rate is ranked higher than
92% of the 340 Companies
in the Global Broadcasting - TV industry.

( Industry Median: -0.50 vs. CBS: 3.50 )
CBS' s 10-Year Share Buyback Rate Range
Min: 20.9   Max: -47.6
Current: 3.5

Valuation & Return

vs
industry
vs
history
Price/DCF (Projected) 1.40
CBS's Price/DCF (Projected) is ranked higher than
81% of the 496 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 3.21 vs. CBS: 1.40 )
CBS' s 10-Year Price/DCF (Projected) Range
Min: 0.1   Max: 3.29
Current: 1.4

0.1
3.29
Price/Median PS Value 1.40
CBS's Price/Median PS Value is ranked higher than
67% of the 496 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 1.27 vs. CBS: 1.40 )
CBS' s 10-Year Price/Median PS Value Range
Min: 0.12   Max: 7.1
Current: 1.4

0.12
7.1
Price/Peter Lynch Fair Value 0.80
CBS's Price/Peter Lynch Fair Value is ranked higher than
97% of the 496 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 9999.00 vs. CBS: 0.80 )
CBS' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.64   Max: 3.5
Current: 0.8

0.64
3.5
Earnings Yield (Greenblatt) 8.10
CBS's Earnings Yield (Greenblatt) is ranked higher than
81% of the 408 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 5.80 vs. CBS: 8.10 )
CBS' s 10-Year Earnings Yield (Greenblatt) Range
Min: 1.7   Max: 14.7
Current: 8.1

1.7
14.7
Forward Rate of Return (Yacktman) 27.46
CBS's Forward Rate of Return (Yacktman) is ranked higher than
92% of the 390 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 5.23 vs. CBS: 27.46 )
CBS' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -15.1   Max: 27.7
Current: 27.46

-15.1
27.7

Business Description

Industry: Entertainment » Broadcasting - TV
Compare:TV, GTN, SKDTY, TVBCY, PBSFY » details
Traded in other countries:C5S1.Germany, C5S.Germany
CBS Corporation was organized in Delaware in 1986. It is a mass media company with operations in the following segments: Television, Radio, Outdoor and Parks/Publishing. The Television segment consists of the CBS(r) and UPN(r) television networks; the Company's 39 owned broadcast television stations; its television production and syndication business, including CBS Paramount Television and King World(r) Productions; and its cable networks Showtime(r) and CSTV(r), among other program services. The Radio segment owns and operates 179 radio stations in 40 United States markets through CBS Radio. The Outdoor segment displays advertising on media, including billboards, transit shelters, buses, rail systems, mall kiosks, masts and stadium signage principally through CBS Outdoor. The Parks/Publishing category includes Simon & Schuster, which publishes and distributes consumer books under imprints such as Simon & Schuster, Pocket Books, Scribner and Free Press; and Paramount Parks, which is principally engaged in the ownership and operation of five theme parks and a themed attraction in the U.S. and Canada. As new technologies for delivering content and services evolve, the Company's opportunities to distributes content to consumers through various platforms including the Internet, mobile devices, video-on-demand and interactive television. During the first quarter of 2006, the Company announced various arrangements to extend the reach of its news and program content across a number of products and platforms with Internet, cable and mobile wireless companies, among others. The Company competes with many different entities and media in various markets worldwide. The following logos, trade names, trademarks and related trademark families are among those strongly identified with the product lines it represents assets of the Company: CBS(r), CBS Entertainment, CBS News, CBS Sports(r), CBS Radio, UPN(r), Showtime(r), The Movie Channel, Flix(r), CBS Outdoor, King World(r), Spelling Television(r), Entertainment Tonight(r), Star Trek(r), Simon & Schuster(r) Pocket Books(r), CSTV College Sports Television(r), CBSSportsline, CBS Digital Media and all the call letters for the Company's television and radio stations. The Company's businesses are either subject to or affected by regulations of federal, state and local governmental authorities.
» More Articles for CBS

Headlines

Articles On GuruFocus.com
Better Content Will Allow These Companies to Profit in the Long Run Aug 24 2014 
Gabelli Asset Management Comments on CBS Corp May 13 2014 
You Should Take a Closer Look at CBS Corporation Apr 25 2014 
Graham Holdings Taking Care of the Business Apr 11 2014 
After a Spate of Acquisitions, It’s Time for Profits Apr 11 2014 
Comcast: the Bigger, the Better? Apr 06 2014 
Why Gannett May be Regaining Its Strength Mar 25 2014 
A Bad Seed in the Profitable Advertising Industry Mar 18 2014 
Outdoor Advertising in the Midsize Market: A Profitable Business Mar 07 2014 
Viacom: How a Young Audience Might Reap Profits Feb 24 2014 


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