Warner Bros. DiscoveryWBD 60 Return-on-Tangible-Equity is 0.00% as of Mar. 2026. GuruFocus rates WBD with a GF Score™ of 60/100 and a GF Value™ of $9.72 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 859 Media - Diversified companies, Warner Bros. Discovery ranks worse than 116414.32% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Warner Bros. Discovery's annualized net income for the quarter that ended in Mar. 2026 was $-11,664 Mil. Warner Bros. Discovery's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $-38,152 Mil. Therefore, Warner Bros. Discovery's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was N/A%.
The historical rank and industry rank for Warner Bros. Discovery's Return-on-Tangible-Equity or its related term are showing as below:
WBD's Return-on-Tangible-Equity is not ranked *
in the Media - Diversified industry.
Industry Median: 5.42 * Ranked among companies with meaningful Return-on-Tangible-Equity only.
Warner Bros. Discovery (NAS:WBD) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Warner Bros. Discovery Return-on-Tangible-Equity Related Terms
Warner Bros. Discovery Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Warner Bros. Discovery's Return-on-Tangible-Equity 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 Return-on-Tangible-Equity Chart
WBD vs LYV, FWONA, FOXA: Return-on-Tangible-Equity Comparison
For the Entertainment subindustry, Warner Bros. Discovery's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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 Return-on-Tangible-Equity vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Warner Bros. Discovery's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Warner Bros. Discovery's Return-on-Tangible-Equity 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.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 0.00% mean?
Warner Bros. Discovery (WBD) has a Return-on-Tangible-Equity of 0.00% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Warner Bros. Discovery and its competitors. According to the industry distribution chart, Warner Bros. Discovery ranks #999999 out of 859 companies in the Media - Diversified industry.
Is Warner Bros. Discovery's Return-on-Tangible-Equity too high?
Warner Bros. Discovery's current Return-on-Tangible-Equity is 0.00%. Based on the distribution chart, Warner Bros. Discovery ranks #999999 out of 859 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 Return-on-Tangible-Equity compare to LYV and FWONA?
According to the Media - Diversified industry distribution chart, Warner Bros. Discovery ranks #999999 out of 859 companies for Return-on-Tangible-Equity. This places Warner Bros. Discovery in the lower half of its industry. The industry median Return-on-Tangible-Equity is 5.42. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Equity for a Media - Diversified company?
The median Return-on-Tangible-Equity among Media - Diversified companies is 5.42, based on 859 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity 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 Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Warner Bros. Discovery and its competitors. For the Media - Diversified industry, the median Return-on-Tangible-Equity is 5.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Warner Bros. Discovery's current Return-on-Tangible-Equity is 0.00%. 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 $26.12 — trading 168.7% above its estimated fair value. The current Return-on-Tangible-Equity is 0.00%. Warner Bros. Discovery's overall GF Score™ is 60/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Warner Bros. Discovery (WBD), the current Return-on-Tangible-Equity is 0.00% 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 (WBD) Overvalued in 2026?
Based on GuruFocus' analysis, Warner Bros. Discovery stock appears to be overvalued.
The current stock price of $26.12 is trading 168.7% above its estimated GF Value™ of $9.72.
GuruFocus considers Warner Bros. Discovery to be Significantly Overvalued.
Key valuation signals for WBD:
Return-on-Tangible-Equity: 0.00%
GF Value™: $9.72 vs. price of $26.12 (168.7% above fair value)
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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