Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Warner Music Group's Enterprise Value is €16,277 Mil.
Warner Music Group's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was €658 Mil. Therefore, Warner Music Group's EV-to-EBIT ratio for today is 24.72.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Warner Music Group's Enterprise Value is €16,277 Mil.
Warner Music Group's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was €1,077 Mil. Therefore, Warner Music Group's EV-to-EBITDA ratio for today is 15.11.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Warner Music Group's Enterprise Value is €16,277 Mil.
Warner Music Group's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was €6,125 Mil. Therefore, Warner Music Group's EV-to-Revenue ratio for today is 2.66.
*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.
Warner Music Group (HAM:WA4) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
Warner Music Group's current Enterprise Value is €16,277 Mil.
Warner Music Group's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €658 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Warner Music Group's current Enterprise Value is €16,277 Mil.
Warner Music Group's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €1,077 Mil.
Warner Music Group's current Enterprise Value is €16,277 Mil.
Warner Music Group's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €6,125 Mil.
Warner Music Group's current Enterprise Value is €16,277 Mil.
Warner Music Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €721 Mil.
Warner Music Group's current Enterprise Value is €16,277 Mil.
Warner Music Group's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €164 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Warner Music Group Enterprise Value Related Terms
Warner Music Group Enterprise Value Historical Data
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The historical data trend for Warner Music Group's Enterprise Value can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
HAM:WA4 vs NWSA, TKO, PSKY: Enterprise Value Comparison
For the Entertainment subindustry, Warner Music Group's Enterprise Value, along with its competitors' market caps and Enterprise Value data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Warner Music Group Enterprise Value vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Warner Music Group's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Warner Music Group's Enterprise Value falls into.
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
Warner Music Group's Enterprise Value for the fiscal year that ended in Sep. 2025 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Warner Music Group (HAM:WA4) has a Enterprise Value of €16,277 Mil as of Jun. 29, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Warner Music Group and its competitors.
Is Warner Music Group's Enterprise Value too high?
Warner Music Group's current Enterprise Value is €16,277 Mil. Overall, Warner Music Group has a GF Score™ of 79/100, reflecting its overall financial health beyond just this single metric.
How does Warner Music Group's Enterprise Value compare to NWSA and TKO?
Warner Music Group's Enterprise Value of €16,277 Mil can be compared against companies in the Media - Diversified industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for a Media - Diversified company?
A good Enterprise Value depends on the Media - Diversified industry context. However, Enterprise Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Warner Music Group and its competitors. Warner Music Group's current Enterprise Value is €16,277 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Warner Music Group stock overvalued right now?
Warner Music Group (HAM:WA4) has a current Enterprise Value of €16,277 Mil. The stock's GF Value™ is €30.61, compared to a current price of €23.50 — trading 23.2% below its estimated fair value. The current Enterprise Value is €16,277 Mil. Warner Music Group's overall GF Score™ is 79/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For Warner Music Group (HAM:WA4), the current Enterprise Value is €16,277 Mil as of Jun. 29, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Warner Music Group (HAM:WA4) Overvalued in 2026?
Based on GuruFocus' analysis, Warner Music Group stock appears to be undervalued.
The current stock price of €23.50 is trading 23.2% below its estimated GF Value™ of €30.61.
Key valuation signals for HAM:WA4:
Enterprise Value: €16,277 Mil
GF Value™: €30.61 vs. price of €23.50 (23.2% below fair value)
No single metric tells the full story. See the HAM:WA4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Warner Music is the third-largest of the three major record companies. Recorded music accounts for most of the firm's revenue, with the segment housing notable record labels including Atlantic Records, Warner Records, Elektra Records. Some of the most successful current artists signed to record deals with Warner include Ed Sheeran, Bruno Mars, Cardi B, and Dua Lipa. Warner's remaining revenue comes from its publishing business, where Warner Chappell represents more than 180,000 songwriters and composers, some of whom are also Warner recording artists but many of whom are not recording artists or are attached to other labels. Warner Chappell controls more than 1 million musical compositions. Access Industries controls 98% of Warner's voting rights, while holding a 72% economic interest.
79GF Score
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