Warner Music Group (HAM:WA4) EPS without NRI: €1.04 (TTM As of Mar. 2026)


HAM:WA4 Warner Music Group Corp HAM:WA4
77 GF Score
Price €25.29
GF Value €30.63
! 2 Warning Signs
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What is Warner Music Group EPS without NRI?

Warner Music Group HAM:WA4 +0.60% 77 EPS without NRI is €1.04 as of Mar. 2026. GuruFocus rates HAM:WA4 with a GF Score™ of 77/100 and a GF Value™ of €30.63. The stock has 2 warning signs investors should review. Among 705 Media - Diversified companies, Warner Music Group ranks worse than 56.31% on this metric.

Warner Music Group's earnings per share without non-recurring items for the three months ended in Mar. 2026 was €0.31. Its earnings per share without non-recurring items for the trailing twelve months (TTM) ended in Mar. 2026 was €1.04.

During the past 12 months, Warner Music Group's average earnings per share (NRI) Growth Rate was 13.00% per year. During the past 3 years, the average earnings per share (NRI) Growth Rate was -1.00% per year. During the past 10 years, the average earnings per share (NRI) Growth Rate was 0.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the EPS without NRI Growth Rate using Earnings per share without Non-Recurring Items (NRI) data.

The historical rank and industry rank for Warner Music Group's EPS without NRI or its related term are showing as below:

HAM:WA4' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -83.7   Med: 26.6   Max: 90.2
Current: -1

During the past 13 years, Warner Music Group's highest 3-Year average Earnings Per Share (NRI) Growth Rate was 90.20% per year. The lowest was -83.70% per year. And the median was 26.60% per year.

HAM:WA4's 3-Year EPS without NRI Growth Rate is ranked worse than
56.31% of 705 companies
in the Media - Diversified industry
Industry Median: 4.5 vs HAM:WA4: -1.00

Warner Music Group's EPS (Diluted) for the three months ended in Mar. 2026 was €0.29. Its EPS (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was €0.73.

Warner Music Group's EPS (Basic) for the three months ended in Mar. 2026 was €0.30. Its EPS (Basic) for the trailing twelve months (TTM) ended in Mar. 2026 was €0.74.


Warner Music Group  (HAM:WA4) EPS without NRI Explanation

EPS without NRI removes onetime and unusual items from EPS, to provide investors with a more accurate measure of the company’s true earnings. The earnings are adjusted for items that are irregular or unusual in nature, and/or are non-recurring. This is calculated using Net Income (Continuing Operations) plus/minus any tax affected unusual Items and Goodwill Impairments/Write Offs. This can be used to fairly measure a company's profitability.


Be Aware

Compared with Earnings per share, a company's cash flow is better indicator of the company's earnings power.

If a company's earnings per share is less than cash flow per share over long term, investors need to be cautious and find out why.


Warner Music Group EPS without NRI Related Terms


Warner Music Group EPS without NRI Historical Data

* Premium members only.

The historical data trend for Warner Music Group's EPS without NRI 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.

Warner Music Group EPS without NRI Chart

Warner Music Group Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
EPS without NRI
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.52 1.07 0.77 0.95 0.88

Warner Music Group Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EPS without NRI Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.08 0.07 0.34 0.33 0.31

HAM:WA4 vs NWSA, TKO, PSKY: EPS without NRI Comparison

For the Entertainment subindustry, Warner Music Group's PE Ratio without NRI, along with its competitors' market caps and PE Ratio without NRI 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 PE Ratio without NRI vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Warner Music Group's PE Ratio without NRI distribution charts can be found below:

* The bar in red indicates where Warner Music Group's PE Ratio without NRI falls into.


HAM:WA4
77GF Score
Warner Music Group Corp HAM:WA4
EPS without NRI is just one metric. See GF Score™, valuation, warning signs, and more.
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Warner Music Group EPS without NRI Calculation

Earnings Per Share (EPS) is the single most important variable used by Wall Street in determining the earnings power of a company. But investors need to be aware that Earnings per Share can be easily manipulated by adjusting depreciation and amortization rate or non-recurring items. That's why GuruFocus lists EPS without NRI, which better reflects the company's underlying performance.

Earnings Per Share without Non-Recurring Items is the amount of earnings without non-recurring items per outstanding share of the company's stock.

EPS without NRI 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 €1.04

* 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.

Frequently Asked Questions Learn more about EPS without NRI →
What does a EPS without NRI of €1.04 mean?
Warner Music Group (HAM:WA4) has a EPS without NRI of €1.04 as of Mar. 2026. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on Warner Music Group and its competitors. According to the industry distribution chart, Warner Music Group ranks #397 out of 705 companies in the Media - Diversified industry, placing it in the top 56.3%.
Is Warner Music Group's EPS without NRI too high?
Warner Music Group's current EPS without NRI is €1.04. Based on the distribution chart, Warner Music Group ranks #397 out of 705 companies in the Media - Diversified industry, which is below the industry midpoint. Overall, Warner Music Group has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.
How does Warner Music Group's EPS without NRI compare to NWSA and TKO?
According to the Media - Diversified industry distribution chart, Warner Music Group ranks #397 out of 705 companies for EPS without NRI. This places Warner Music Group in the lower half of its industry. The industry median EPS without NRI is 4.50. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EPS without NRI for a Media - Diversified company?
The median EPS without NRI among Media - Diversified companies is 4.50, based on 705 companies in the industry. Companies in the top quartile (top 25%) have a EPS without NRI significantly above this median, while those in the bottom quartile fall well below. However, EPS without NRI 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 EPS without NRI mean?
A high EPS without NRI can signal that a stock is expensive relative to its fundamentals. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on Warner Music Group and its competitors. For the Media - Diversified industry, the median EPS without NRI is 4.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Warner Music Group's current EPS without NRI is €1.04. 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 EPS without NRI of €1.04. The stock's GF Value™ is €30.63, compared to a current price of €25.29 — trading 17.4% below its estimated fair value. The current EPS without NRI is €1.04. Warner Music Group's overall GF Score™ is 77/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EPS without NRI calculated?
EPS without NRI is calculated from a company's financial statements. For Warner Music Group (HAM:WA4), the current EPS without NRI is €1.04 as of Mar. 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 €25.29 is trading 17.4% below its estimated GF Value™ of €30.63.

Key valuation signals for HAM:WA4:

  • EPS without NRI: €1.04
  • GF Value™: €30.63 vs. price of €25.29 (17.4% below fair value)
  • GF Score™: 77/100 with 2 warning signs

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 Group Business Description

Address 1633 Broadway, New York, NY, USA, 10019
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.
77GF Score

Get the complete analysis for HAM:WA4

EPS without NRI is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€25.29
Price
€30.63
GF Value