Warner Music GroupFRA:WA4 +0.82%80 EV-to-FCF is 102.73 as of Jul. 03, 2026, which is 102% above its 10-year median of 50.74. GuruFocus rates FRA:WA4 with a GF Score™ of 80/100 and a GF Value™ of €30.45 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 610 Media - Diversified companies, Warner Music Group ranks worse than 90.82% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Warner Music Group's Enterprise Value is €16,846 Mil.
Warner Music Group's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was €164 Mil. Therefore, Warner Music Group's EV-to-FCF for today is 102.73.
The historical rank and industry rank for Warner Music Group's EV-to-FCF or its related term are showing as below:
FRA:WA4'
s EV-to-FCF Range Over the Past 10 Years
Min: 28.06 Med: 50.74 Max: 1300.73
Current: 97.39
During the past 13 years, the highest EV-to-FCF of Warner Music Group was 1300.73. The lowest was 28.06. And the median was 50.74.
FRA:WA4's EV-to-FCF is ranked worse than 90.82% of 610
companies
in the Media - Diversified industry
Industry Median: 11.55
vs FRA:WA4: 97.39
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Warner Music Group (FRA:WA4) EV-to-FCF Explanation
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Warner Music Group's PE Ratio (TTM) for today is calculated as:
Warner Music Group's share price for today is €24.53.
Warner Music Group's Earnings per Share (Diluted) 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 €0.729.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Warner Music Group EV-to-FCF Related Terms
Warner Music Group EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Warner Music Group's EV-to-FCF 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.
For the Entertainment subindustry, Warner Music Group's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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 EV-to-FCF vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Warner Music Group's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Warner Music Group's EV-to-FCF falls into.
Warner Music Group's current Enterprise Value is €16,846 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 (FRA:WA4) has a EV-to-FCF of 102.73 as of Jul. 03, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Warner Music Group and its competitors. This is 102% above median its historical median of 50.74. Over the past decade, Warner Music Group's EV-to-FCF has ranged from 28.06 to 1,300.73. According to the industry distribution chart, Warner Music Group ranks #554 out of 610 companies in the Media - Diversified industry, placing it in the top 90.8%.
Is Warner Music Group's EV-to-FCF too high?
Warner Music Group's current EV-to-FCF of 102.73 is 102% above median its 10-year median of 50.74. Over the past 10 years, this metric has ranged from a low of 28.06 to a high of 1,300.73. The Media - Diversified industry median EV-to-FCF is 11.55. Warner Music Group's value of 102.73 is 789.4% above this industry median. Based on the distribution chart, Warner Music Group ranks #554 out of 610 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers. Overall, Warner Music Group has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Warner Music Group's EV-to-FCF compare to NWSA and TKO?
According to the Media - Diversified industry distribution chart, Warner Music Group ranks #554 out of 610 companies for EV-to-FCF. This places Warner Music Group in the lower half of its industry. The industry median EV-to-FCF is 11.55. Warner Music Group's value of 102.73 is 789.4% above this benchmark. Historically, Warner Music Group's own EV-to-FCF has ranged from 28.06 to 1,300.73 over the past decade. While the company's 10-year median is 50.74 vs. the industry median of 11.55, Warner Music Group has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-FCF for a Media - Diversified company?
The median EV-to-FCF among Media - Diversified companies is 11.55, based on 610 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Warner Music Group's current EV-to-FCF of 102.73 is 789.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Warner Music Group and its competitors. For the Media - Diversified industry, the median EV-to-FCF is 11.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Warner Music Group's current EV-to-FCF is 102.73, which is 102% above median its own 10-year median of 50.74. 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?
Based on GuruFocus' analysis, Warner Music Group (FRA:WA4) is currently considered Modestly Undervalued. The stock's GF Value™ is €30.45, compared to a current price of €24.53 — trading 19.4% below its estimated fair value. The current EV-to-FCF is 102.73, which is 102% above median its 10-year median of 50.74 and 789.4% above the Media - Diversified industry median of 11.55. Warner Music Group's overall GF Score™ is 80/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Warner Music Group (FRA:WA4), the current EV-to-FCF is 102.73 as of Jul. 03, 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 (FRA:WA4) Overvalued in 2026?
Based on GuruFocus' analysis, Warner Music Group stock appears to be undervalued.
The current stock price of €24.53 is trading 19.4% below its estimated GF Value™ of €30.45.
GuruFocus considers Warner Music Group to be Modestly Undervalued.
Key valuation signals for FRA:WA4:
EV-to-FCF: 102.73 (102% above median its 10-year median of 50.74)
GF Value™: €30.45 vs. price of €24.53 (19.4% below fair value)
Industry Position: 789.4% above the Media - Diversified median (#554 of 610)
No single metric tells the full story. See the FRA: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.
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