Warner Bros. DiscoveryMIL:1WBD 29 EV-to-FCF is 42.61 as of Jul. 09, 2026, which is 181% above its 10-year median of 15.15. GuruFocus rates MIL:1WBD with a GF Score™ of 29/100 and a GF Value™ of €8.78 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 611 Media - Diversified companies, Warner Bros. Discovery ranks worse than 82.49% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Warner Bros. Discovery's Enterprise Value is €84,159 Mil.
Warner Bros. Discovery's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was €1,975 Mil. Therefore, Warner Bros. Discovery's EV-to-FCF for today is 42.61.
The historical rank and industry rank for Warner Bros. Discovery's EV-to-FCF or its related term are showing as below:
MIL:1WBD'
s EV-to-FCF Range Over the Past 10 Years
Min: 7.79 Med: 15.15 Max: 50.5
Current: 41.49
During the past 13 years, the highest EV-to-FCF of Warner Bros. Discovery was 50.50. The lowest was 7.79. And the median was 15.15.
MIL:1WBD's EV-to-FCF is ranked worse than 82.49% of 611
companies
in the Media - Diversified industry
Industry Median: 11.49
vs MIL:1WBD: 41.49
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 Bros. Discovery (MIL:1WBD) 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 Bros. Discovery's PE Ratio (TTM) for today is calculated as:
Warner Bros. Discovery's share price for today is €23.60.
Warner Bros. Discovery'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 €-0.611.
* 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.
* 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.
MIL:1WBD vs LYV, FWONA, FOXA: EV-to-FCF Comparison
For the Entertainment subindustry, Warner Bros. Discovery'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 Bros. Discovery EV-to-FCF vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Warner Bros. Discovery's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Warner Bros. Discovery's EV-to-FCF falls into.
Warner Bros. Discovery's current Enterprise Value is €84,159 Mil.
Warner Bros. Discovery'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 €1,975 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 Bros. Discovery (MIL:1WBD) has a EV-to-FCF of 42.61 as of Jul. 09, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Warner Bros. Discovery and its competitors. This is 181% above median its historical median of 15.15. Over the past decade, Warner Bros. Discovery's EV-to-FCF has ranged from 7.79 to 50.50. According to the industry distribution chart, Warner Bros. Discovery ranks #504 out of 611 companies in the Media - Diversified industry, placing it in the top 82.5%.
Is Warner Bros. Discovery's EV-to-FCF too high?
Warner Bros. Discovery's current EV-to-FCF of 42.61 is 181% above median its 10-year median of 15.15. Over the past 10 years, this metric has ranged from a low of 7.79 to a high of 50.50. The Media - Diversified industry median EV-to-FCF is 11.49. Warner Bros. Discovery's value of 42.61 is 270.8% above this industry median. Based on the distribution chart, Warner Bros. Discovery ranks #504 out of 611 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers. Overall, Warner Bros. Discovery has a GF Score™ of 29/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Warner Bros. Discovery's EV-to-FCF compare to LYV and FWONA?
According to the Media - Diversified industry distribution chart, Warner Bros. Discovery ranks #504 out of 611 companies for EV-to-FCF. This places Warner Bros. Discovery in the lower half of its industry. The industry median EV-to-FCF is 11.49. Warner Bros. Discovery's value of 42.61 is 270.8% above this benchmark. Historically, Warner Bros. Discovery's own EV-to-FCF has ranged from 7.79 to 50.50 over the past decade. While the company's 10-year median is 15.15 vs. the industry median of 11.49, Warner Bros. Discovery 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 11.49, based on 611 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 Bros. Discovery's current EV-to-FCF of 42.61 is 270.8% 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 Bros. Discovery and its competitors. For the Media - Diversified industry, the median EV-to-FCF is 11.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Warner Bros. Discovery's current EV-to-FCF is 42.61, which is 181% above median its own 10-year median of 15.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Warner Bros. Discovery stock overvalued right now?
Based on GuruFocus' analysis, Warner Bros. Discovery (MIL:1WBD) is currently considered Significantly Overvalued. The stock's GF Value™ is €8.78, compared to a current price of €23.60 — trading 168.8% above its estimated fair value. The current EV-to-FCF is 42.61, which is 181% above median its 10-year median of 15.15 and 270.8% above the Media - Diversified industry median of 11.49. Warner Bros. Discovery's overall GF Score™ is 29/100 with 6 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 Bros. Discovery (MIL:1WBD), the current EV-to-FCF is 42.61 as of Jul. 09, 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 Bros. Discovery (MIL:1WBD) Overvalued in 2026?
Based on GuruFocus' analysis, Warner Bros. Discovery stock appears to be overvalued.
The current stock price of €23.60 is trading 168.8% above its estimated GF Value™ of €8.78.
GuruFocus considers Warner Bros. Discovery to be Significantly Overvalued.
Key valuation signals for MIL:1WBD:
EV-to-FCF: 42.61 (181% above median its 10-year median of 15.15)
GF Value™: €8.78 vs. price of €23.60 (168.8% above fair value)
Industry Position: 270.8% above the Media - Diversified median (#504 of 611)
No single metric tells the full story. See the MIL:1WBD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Warner Bros. Discovery operates in three segments: streaming, studios, and linear networks. The streaming business includes HBO Max, which is rapidly increasing its international footprint in addition to its major presence in the US. Studios include industry leaders in both film and television, which produce movies and television series that are monetized in multiple ways, including theatrical release, sales to third parties, and feeding into Warner's own platforms. Global networks consist of basic cable networks like CNN, TNT, TBS, Discovery, HGTV, and The Food Network. The Discovery+ streaming service will remain part of global networks.
29GF Score
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