Warner Bros. DiscoveryMIL:1WBD 29 Pretax Margin % is -35.08% as of Mar. 2026. GuruFocus rates MIL:1WBD with a GF Score™ of 29/100 and a GF Value™ of €8.66 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,015 Media - Diversified companies, Warner Bros. Discovery ranks worse than 61.28% on this metric.
The historical rank and industry rank for Warner Bros. Discovery's Pretax Margin % or its related term are showing as below:
MIL:1WBD'
s Pretax Margin % Range Over the Past 10 Years
Min: -28.96 Med: 7.04 Max: 25.72
Current: -2.81
MIL:1WBD's Pretax Margin % is ranked worse than 61.28% of 1015
companies
in the Media - Diversified industry
Industry Median: 1.91
vs MIL:1WBD: -2.81
Warner Bros. Discovery (MIL:1WBD) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Warner Bros. Discovery Pretax Margin % Related Terms
Warner Bros. Discovery Pretax Margin % Historical Data
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The historical data trend for Warner Bros. Discovery's Pretax Margin % 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.
MIL:1WBD vs LYV, FWONA, FOXA: Pretax Margin % Comparison
For the Entertainment subindustry, Warner Bros. Discovery's Pretax Margin %, along with its competitors' market caps and Pretax Margin % 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 Pretax Margin % vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Warner Bros. Discovery's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Warner Bros. Discovery's Pretax Margin % falls into.
* 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 Pretax Margin % of -35.08% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Warner Bros. Discovery and its competitors. According to the industry distribution chart, Warner Bros. Discovery ranks #622 out of 1015 companies in the Media - Diversified industry, placing it in the top 61.3%.
Is Warner Bros. Discovery's Pretax Margin % too high?
Warner Bros. Discovery's current Pretax Margin % is -35.08%. Based on the distribution chart, Warner Bros. Discovery ranks #622 out of 1015 companies in the Media - Diversified industry, which is below the industry midpoint. 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 Pretax Margin % compare to LYV and FWONA?
According to the Media - Diversified industry distribution chart, Warner Bros. Discovery ranks #622 out of 1015 companies for Pretax Margin %. This places Warner Bros. Discovery in the lower half of its industry. The industry median Pretax Margin % is 1.91. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pretax Margin % for a Media - Diversified company?
The median Pretax Margin % among Media - Diversified companies is 1.91, based on 1,015 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Warner Bros. Discovery and its competitors. For the Media - Diversified industry, the median Pretax Margin % is 1.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Warner Bros. Discovery's current Pretax Margin % is -35.08%. 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 €8.66, compared to a current price of €23.60 — trading 172.5% above its estimated fair value. The current Pretax Margin % is -35.08%. 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 Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Warner Bros. Discovery (MIL:1WBD), the current Pretax Margin % is -35.08% as of Mar. 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 172.5% above its estimated GF Value™ of €8.66.
GuruFocus considers Warner Bros. Discovery to be Significantly Overvalued.
Key valuation signals for MIL:1WBD:
Pretax Margin %: -35.08%
GF Value™: €8.66 vs. price of €23.60 (172.5% above fair value)
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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