Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. The Walt Disney Co's average basic shares outstanding for the quarter that ended in Mar. 2026 was 14,128 Mil.
The Walt Disney Co (BUE:DISN) Shares Outstanding (Basic Average) Explanation
A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.
Be Aware
Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.
The Walt Disney Co Shares Outstanding (Basic Average) Related Terms
The Walt Disney Co Shares Outstanding (Basic Average) Historical Data
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The historical data trend for The Walt Disney Co's Shares Outstanding (Basic Average) 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.
The Walt Disney Co Shares Outstanding (Basic Average) Chart
The Walt Disney Co Shares Outstanding (Basic Average) Calculation
Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.
Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.
Please note: GuruFocus named Shares Outstanding (EOP) is the shares for that exact time point. It is usually used to calculate balance sheet related items, such as Book Value per Share, etc. While Shares Outstanding (Diluted Average) and Shares Outstanding (Basic Average) are the weighted average shares over a period of time (a year, a quarter, or so). They are usually used to calculate income statement or cashflow statement related items, such as Earnings per Share (Diluted), etc.
What does a Shares Outstanding (Basic Average) of 14,128 Mil mean?
The Walt Disney Co (BUE:DISN) has a Shares Outstanding (Basic Average) of 14,128 Mil as of Mar. 2026. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on The Walt Disney Co and its competitors.
Is The Walt Disney Co's Shares Outstanding (Basic Average) too high?
The Walt Disney Co's current Shares Outstanding (Basic Average) is 14,128 Mil. Overall, The Walt Disney Co has a GF Score™ of 86/100, reflecting its overall financial health beyond just this single metric.
How does The Walt Disney Co's Shares Outstanding (Basic Average) compare to WBD and LYV?
The Walt Disney Co's Shares Outstanding (Basic Average) of 14,128 Mil can be compared against companies in the Media - Diversified industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shares Outstanding (Basic Average) for a Media - Diversified company?
A good Shares Outstanding (Basic Average) depends on the Media - Diversified industry context. However, Shares Outstanding (Basic Average) 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 Shares Outstanding (Basic Average) mean?
A high Shares Outstanding (Basic Average) can signal that a stock is expensive relative to its fundamentals. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on The Walt Disney Co and its competitors. The Walt Disney Co's current Shares Outstanding (Basic Average) is 14,128 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Walt Disney Co stock overvalued right now?
The Walt Disney Co (BUE:DISN) has a current Shares Outstanding (Basic Average) of 14,128 Mil. The stock's GF Value™ is ARS11,301.35, compared to a current price of ARS10,416.00 — trading 7.8% below its estimated fair value. The current Shares Outstanding (Basic Average) is 14,128 Mil. The Walt Disney Co's overall GF Score™ is 86/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (Basic Average) calculated?
Shares Outstanding (Basic Average) is calculated from a company's financial statements. For The Walt Disney Co (BUE:DISN), the current Shares Outstanding (Basic Average) is 14,128 Mil 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 The Walt Disney Co (BUE:DISN) Overvalued in 2026?
Based on GuruFocus' analysis, The Walt Disney Co stock appears to be undervalued.
The current stock price of ARS10,416.00 is trading 7.8% below its estimated GF Value™ of ARS11,301.35.
Key valuation signals for BUE:DISN:
Shares Outstanding (Basic Average): 14,128 Mil
GF Value™: ARS11,301.35 vs. price of ARS10,416.00 (7.8% below fair value)
No single metric tells the full story. See the BUE:DISN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Disney operates in three global business segments: entertainment, sports, and experiences. Entertainment and experiences both benefit from the firm's ownership of iconic franchises and characters. Entertainment includes the ABC broadcast network, several cable television networks, and the Disney+ and Hulu streaming services. Within the segment, Disney also engages in movie and television production and distribution, with content licensed to movie theaters, other content providers, or, increasingly, kept in-house for use on Disney's own streaming platform and television networks. The sports segment houses the ESPN family of TV networks and streaming services. Experiences contains Disney's theme parks, cruises, and vacation destinations and also engages in merchandise licensing.
86GF Score
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