Warner Bros. Discovery (MIL:1WBD) ROCE %: -12.08% (As of Mar. 2026)


MIL:1WBD Warner Bros. Discovery Inc MIL:1WBD
29 GF Score
Price €23.60
GF Value €8.60
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Warner Bros. Discovery ROCE %?

Warner Bros. Discovery MIL:1WBD -1.48% 29 ROCE % is -12.08% as of Mar. 2026. GuruFocus rates MIL:1WBD with a GF Score™ of 29/100 and a GF Value™ of €8.60 (Significantly Overvalued). The stock has 6 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Warner Bros. Discovery's annualized ROCE % for the quarter that ended in Mar. 2026 was -12.08%.

Warner Bros. Discovery  (MIL:1WBD) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Warner Bros. Discovery ROCE % Related Terms

Warner Bros. Discovery ROCE % Historical Data

* Premium members only.

The historical data trend for Warner Bros. Discovery's ROCE % 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 ROCE % Chart

Warner Bros. Discovery Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.91 -9.71 -1.43 -9.77 3.99

Warner Bros. Discovery Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.15 12.90 2.67 0.80 -12.08
MIL:1WBD
29GF Score
Warner Bros. Discovery Inc MIL:1WBD
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Warner Bros. Discovery ROCE % Calculation

Warner Bros. Discovery's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=3180.296/( ( (99854.8 - 15098.55) + (85472.59 - 10675) )/ 2 )
=3180.296/( (84756.25+74797.59)/ 2 )
=3180.296/79776.92
=3.99 %

Warner Bros. Discovery's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=-8784.94/( ( (85472.59 - 10675) + (84629.005 - 13939.475) )/ 2 )
=-8784.94/( ( 74797.59 + 70689.53 )/ 2 )
=-8784.94/72743.56
=-12.08 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of -12.08% mean?
Warner Bros. Discovery (MIL:1WBD) has a ROCE % of -12.08% as of Mar. 2026.
Is Warner Bros. Discovery's ROCE % too high?
Warner Bros. Discovery's current ROCE % is -12.08%. 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 ROCE % compare to LYV and FOXA?
Warner Bros. Discovery's ROCE % of -12.08% can be compared against companies in the Media - Diversified industry. The industry median ROCE % is 3.10. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Media - Diversified company?
The median ROCE % among Media - Diversified companies is 3.10, based on 988 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Media - Diversified industry, the median ROCE % is 3.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Warner Bros. Discovery's current ROCE % is -12.08%. 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 €8.60, compared to a current price of €23.60 — trading 174.4% above its estimated fair value. The current ROCE % is -12.08%. 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 ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Warner Bros. Discovery (MIL:1WBD), the current ROCE % is -12.08% 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 174.4% above its estimated GF Value™ of €8.60. GuruFocus considers Warner Bros. Discovery to be Significantly Overvalued.

Key valuation signals for MIL:1WBD:

  • ROCE %: -12.08%
  • GF Value™: €8.60 vs. price of €23.60 (174.4% above fair value)
  • GF Score™: 29/100 with 6 warning signs

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 Business Description

Address 230 Park Avenue South, New York, NY, USA, 10003
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

Get the complete analysis for MIL:1WBD

ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€23.60
Price
€8.60
GF Value