Fox (NAS:FOX) Enterprise Value

: $20,818 Mil (As of Today)

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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, Fox's Enterprise Value is $20,818 Mil. Fox's EBIT for the trailing twelve months (TTM) ended in Sep. 2022 was $1,954 Mil. Therefore, Fox's EV-to-EBIT ratio for today is 10.65.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Fox's Enterprise Value is $20,818 Mil. Fox's EBITDA for the trailing twelve months (TTM) ended in Sep. 2022 was $2,337 Mil. Therefore, Fox's EV-to-EBITDA ratio for today is 8.91.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Fox's Enterprise Value is $20,818 Mil. Fox's Revenue for the trailing twelve months (TTM) ended in Sep. 2022 was $14,121 Mil. Therefore, Fox's EV-to-Revenue ratio for today is 1.47.

Fox Enterprise Value Historical Data

The historical data trend for Fox'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.

* Premium members only.

Fox Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Enterprise Value

26,198.37

20,121.80

22,849.64

18,907.38

Fox Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Enterprise Value																24,237.70	23,562.36	23,326.99	18,907.38	18,329.55

Competitive Comparison

For the Entertainment subindustry, Fox'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.

Annual Data Quarterly Data

Fox Enterprise Value Distribution

For the Media - Diversified industry and Communication Services sector, Fox's Enterprise Value distribution charts can be found below:

* The bar in red indicates where Fox's Enterprise Value falls in comparison to its industry or sector. The grey bar indicates the Enterprise Value's extreme value range as defined by GuruFocus.

Fox Enterprise Value Calculation

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

Fox's Enterprise Value for the fiscal year that ended in Jun. 2022 is calculated as

	Enterprise Value (A: Jun. 2022 )
=	Market Cap	+	Preferred Stock	+	Long-Term Debt & Capital Lease Obligation
=	16353.3843	+	0	+	7611
+	Short-Term Debt & Capital Lease Obligation	+	Minority Interest	-	Cash, Cash Equivalents, Marketable Securities
+	107	+	36	-	5200
=	18,907

Fox's Enterprise Value for the quarter that ended in Sep. 2022 is calculated as

	Enterprise Value (Q: Sep. 2022 )
=	Market Cap	+	Preferred Stock	+	Long-Term Debt & Capital Lease Obligation
=	15514.545	+	0	+	7594
+	Short-Term Debt & Capital Lease Obligation	+	Minority Interest	-	Cash, Cash Equivalents, Marketable Securities
+	107	+	64	-	4950
=	18,330

Fox (NAS:FOX) 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.

Fox's EV-to-EBIT for today is

EV-to-EBIT	=	Enterprise Value (Today)	/	EBIT (TTM)
	=	20818.313	/	1954
	=	10.65

Fox's current Enterprise Value is $20,818 Mil.
Fox's EBIT for the trailing twelve months (TTM) ended in Sep. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,954 Mil.

2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.

Fox's EV-to-EBITDA for today is:

EV-to-EBITDA	=	Enterprise Value (Today)	/	EBITDA(TTM)
	=	20818.313	/	2337
	=	8.91

Fox's current Enterprise Value is $20,818 Mil.
Fox's EBITDA for the trailing twelve months (TTM) ended in Sep. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,337 Mil.

3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.

Fox's EV-to-Revenue for today is:

EV-to-Revenue	=	Enterprise Value (Today)	/	Revenue (TTM)
	=	20818.313	/	14121
	=	1.47

Fox's current Enterprise Value is $20,818 Mil.
Fox's Revenue for the trailing twelve months (TTM) ended in Sep. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $14,121 Mil.

Fox Enterprise Value Related Terms

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Fox (NAS:FOX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Fox Corp (NAS:FOX) » Definitions » Enterprise Value

Comparable Companies

Traded in Other Exchanges

FOXA:USA FO5:Germany

Address

1211 Avenue of the Americas, New York, NY, USA, 10036

Website

https://www.foxcorporation.com

Fox represents the assets not sold to Disney by the predecessor firm, Twenty First Century Fox. The remaining assets include Fox News, the FOX broadcast network, FS1 and FS2, Fox Business, Big Ten Network, 28 owned and operated local television stations of which 17 are affiliated with the Fox Network, and the Fox Studios lot. The Murdoch family continues to control the successor firm, which represents a large-scale bet on the value of live sports and news in the U.S. market.

Executives

Roland A Hernandez	director	300 NORTH SAN RAFAEL AVE, PASADENA CA 91105
Lachlan K Murdoch	director, officer: Executive Chairman, CEO	C/O NEWS AMERICA INCORPORATED, 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Keith Rupert Murdoch	director, officer: Chairman	C/O FOX CORPORATION, 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
John Nallen	officer: Chief Operating Officer	C/O NEWS AMERICA INCORPORATED, 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Jacques A Nasser	director
Chase Carey	director	C/O NEWS AMERICA INCORPORATED, 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Viet D Dinh	officer: Chief Legal and Policy Officer	GEORGETOWN UNIVERSITY LAW CENTER, 600 NEW JERSEY AVENUE NW, WASHINGTON DC 20001
Steven Tomsic	officer: Chief Financial Officer	1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Paul D Ryan	director	1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Anne Dias	director	1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Cruden Financial Services Llc	10 percent owner	C/O MCDONALD CARANO WILSON LLP, 100 LIBERTY STREET, RENO NV 89501
Murdoch Family Trust	10 percent owner	C/O MCDONALD CARANO WILSON LLP, 100 LIBERTY STREET, RENO NV 89501
Twenty-first Century Fox, Inc.	10 percent owner	1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036