Warner Music GroupHAM:WA4 +1.21%80 PB Ratio is 19.20 as of Jun. 26, 2026, which is 65% below its 10-year median of 54.87. GuruFocus rates HAM:WA4 with a GF Score™ of 80/100 and a GF Value™ of €30.98. The stock has 2 warning signs investors should review. Among 931 Media - Diversified companies, Warner Music Group ranks worse than 96.67% on this metric.
Warner Music Group Corp stock PB Ratio (=18.57) is close to 10-year low of 17.21.
The historical rank and industry rank for Warner Music Group's PB Ratio or its related term are showing as below:
HAM:WA4'
s PB Ratio Range Over the Past 10 Years
Min: 17.21 Med: 54.87 Max: 1249.68
Current: 18.57
During the past 13 years, Warner Music Group's highest PB Ratio was 1249.68. The lowest was 17.21. And the median was 54.87.
HAM:WA4's PB Ratio is ranked worse than 96.67% of 931
companies
in the Media - Diversified industry
Industry Median: 1.24
vs HAM:WA4: 18.57
During the past 12 months, Warner Music Group's average Book Value Per Share Growth Rate was 29.80% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 61.30% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Warner Music Group was 155.40% per year. The lowest was -92.20% per year. And the median was -45.15% per year.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Warner Music Group PB Ratio Related Terms
Warner Music Group PB Ratio Historical Data
* Premium members only.
The historical data trend for Warner Music Group's PB 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.
For the Entertainment subindustry, Warner Music Group's PB Ratio, along with its competitors' market caps and PB 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 Music Group PB Ratio vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Warner Music Group's PB Ratio distribution charts can be found below:
* The bar in red indicates where Warner Music Group's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Warner Music Group (HAM:WA4) has a PB Ratio of 19.20 as of Jun. 26, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Warner Music Group and its competitors. This is 65% below median its historical median of 54.87. Over the past decade, Warner Music Group's PB Ratio has ranged from 17.21 to 1,249.68. According to the industry distribution chart, Warner Music Group ranks #900 out of 931 companies in the Media - Diversified industry, placing it in the top 96.7%.
Is Warner Music Group's PB Ratio too high?
Warner Music Group's current PB Ratio of 19.20 is 65% below median its 10-year median of 54.87. Over the past 10 years, this metric has ranged from a low of 17.21 to a high of 1,249.68. The Media - Diversified industry median PB Ratio is 1.24. Warner Music Group's value of 19.20 is 1448.4% above this industry median. Based on the distribution chart, Warner Music Group ranks #900 out of 931 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, reflecting its overall financial health beyond just this single metric.
How does Warner Music Group's PB Ratio compare to TKO and NWSA?
According to the Media - Diversified industry distribution chart, Warner Music Group ranks #900 out of 931 companies for PB Ratio. This places Warner Music Group in the lower half of its industry. The industry median PB Ratio is 1.24. Warner Music Group's value of 19.20 is 1448.4% above this benchmark. Historically, Warner Music Group's own PB Ratio has ranged from 17.21 to 1,249.68 over the past decade. While the company's 10-year median is 54.87 vs. the industry median of 1.24, 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 PB Ratio for a Media - Diversified company?
The median PB Ratio among Media - Diversified companies is 1.24, based on 931 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Warner Music Group's current PB Ratio of 19.20 is 1448.4% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Warner Music Group and its competitors. For the Media - Diversified industry, the median PB Ratio is 1.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Warner Music Group's current PB Ratio is 19.20, which is 65% below median its own 10-year median of 54.87. 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 PB Ratio of 19.20. The stock's GF Value™ is €30.98, compared to a current price of €23.50 — trading 24.1% below its estimated fair value. The current PB Ratio is 19.20, which is 65% below median its 10-year median of 54.87 and 1448.4% above the Media - Diversified industry median of 1.24. 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 PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Warner Music Group (HAM:WA4), the current PB Ratio is 19.20 as of Jun. 26, 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 €23.50 is trading 24.1% below its estimated GF Value™ of €30.98.
Key valuation signals for HAM:WA4:
PB Ratio: 19.20 (65% below median its 10-year median of 54.87)
GF Value™: €30.98 vs. price of €23.50 (24.1% below fair value)
Industry Position: 1448.4% above the Media - Diversified median (#900 of 931)
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 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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