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Warner Bros. Discovery (NAS:WBD) Forward PE Ratio Explanation
The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
Warner Bros. Discovery Forward PE Ratio Related Terms
Warner Bros. Discovery Forward PE Ratio Historical Data
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The historical data trend for Warner Bros. Discovery's Forward PE Ratio 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 Bros. Discovery Forward PE Ratio Chart
Warner Bros. Discovery Annual Data
Trend
2015-12
2016-12
2017-12
2018-12
2019-12
2020-12
2021-12
2023-12
Forward PE Ratio
12.63
11.95
10.56
6.98
8.74
8.91
7.37
126.58
Warner Bros. Discovery Quarterly Data
2015-12
2016-03
2016-06
2016-09
2016-12
2017-03
2017-06
2017-09
2017-12
2018-03
2018-06
2018-09
2018-12
2019-03
2019-06
2019-09
2019-12
2020-03
2020-06
2020-09
2020-12
2021-03
2021-06
2021-09
2021-12
2022-03
2022-06
2023-03
2023-09
2023-12
Forward PE Ratio
12.63
12.53
12.32
12.03
11.95
12.59
11.40
8.58
10.56
9.48
11.88
9.38
6.98
7.67
8.73
6.77
8.74
5.61
7.33
6.46
8.91
14.49
11.16
7.88
7.37
8.97
13.83
312.50
25.25
126.58
WBD vs LYV, FWONA, FOXA: Forward PE Ratio Comparison
For the Entertainment subindustry, Warner Bros. Discovery's Forward PE Ratio, along with its competitors' market caps and Forward PE Ratio 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 Forward PE Ratio vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Warner Bros. Discovery's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Warner Bros. Discovery's Forward PE Ratio falls into.
Warner Bros. Discovery Forward PE Ratio Calculation
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
Warner Bros. Discovery (WBD) has a Forward PE Ratio of 1376.27 as of Jul. 20, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Warner Bros. Discovery and its competitors. According to the industry distribution chart, Warner Bros. Discovery ranks #376 out of 379 companies in the Media - Diversified industry, placing it in the top 99.2%.
Is Warner Bros. Discovery's Forward PE Ratio too high?
Warner Bros. Discovery's current Forward PE Ratio is 1376.27. The Media - Diversified industry median Forward PE Ratio is 14.25. Warner Bros. Discovery's value of 1376.27 is 9558% above this industry median. Based on the distribution chart, Warner Bros. Discovery ranks #376 out of 379 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers. Overall, Warner Bros. Discovery has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Warner Bros. Discovery's Forward PE Ratio compare to LYV and FWONA?
According to the Media - Diversified industry distribution chart, Warner Bros. Discovery ranks #376 out of 379 companies for Forward PE Ratio. This places Warner Bros. Discovery in the lower half of its industry. The industry median Forward PE Ratio is 14.25. Warner Bros. Discovery's value of 1376.27 is 9558% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward PE Ratio for a Media - Diversified company?
The median Forward PE Ratio among Media - Diversified companies is 14.25, based on 379 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Warner Bros. Discovery's current Forward PE Ratio of 1376.27 is 9558% 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 Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Warner Bros. Discovery and its competitors. For the Media - Diversified industry, the median Forward PE Ratio is 14.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Warner Bros. Discovery's current Forward PE Ratio is 1376.27. 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 (WBD) is currently considered Significantly Overvalued. The stock's GF Value™ is $9.72, compared to a current price of $25.88 — trading 166.2% above its estimated fair value. The current Forward PE Ratio is 1376.27 and 9558% above the Media - Diversified industry median of 14.25. Warner Bros. Discovery's overall GF Score™ is 60/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For Warner Bros. Discovery (WBD), the current Forward PE Ratio is 1376.27 as of Jul. 20, 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 (WBD) Overvalued in 2026?
Based on GuruFocus' analysis, Warner Bros. Discovery stock appears to be overvalued.
The current stock price of $25.88 is trading 166.2% above its estimated GF Value™ of $9.72.
GuruFocus considers Warner Bros. Discovery to be Significantly Overvalued.
Key valuation signals for WBD:
Forward PE Ratio: 1376.27
GF Value™: $9.72 vs. price of $25.88 (166.2% above fair value)
Industry Position: 9558% above the Media - Diversified median (#376 of 379)
No single metric tells the full story. See the WBD 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.
60GF Score
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Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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