Comcast Corp (CMCSA) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of Comcast Corp stock $74.85, price $24.95, upside +200.0%, quality 66 out of 100. Rating: strongly undervalued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range $20.66 – $48.42 · fair‑value band $38.10 – $119.66 · the $24.95 price screens below the $74.85 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Comcast Corporation operates as a media and technology company worldwide. The company operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments.
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Its Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.
The Business Services Connectivity segment offers connectivity services for small business locations, which include broadband, wireline voice, and wireless services; and ethernet network services for medium-sized customers and larger enterprises.
Its Media segment operates NBCUniversal's national and regional cable networks; the NBC and Telemundo broadcast networks and owned local broadcast television stations; and Peacock, a direct-to-consumer streaming services.
The company also operates international television networks comprising the Sky Sports networks, as well as other digital properties. Its Studios segment operates NBCUniversal and Sky film and television studio production and distribution operations.
The Theme Parks segment operates Universal theme parks in Orlando, Florida; Hollywood, California; Osaka, Japan; and Beijing, China. It also offers a consolidated streaming platforms under the Philadelphia Flyers and the Xfinity Mobile Arena in Philadelphia, Pennsylvania; and Xumo.
Comcast Corporation was founded in 1963 and is headquartered in Philadelphia, Pennsylvania.
Stock analysis
Comcast Corp (CMCSA) currently trades at $24.95, while our model-based Fair Value estimate is $74.85, implying the stock looks roughly 67% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $109.34 per share, and 23 of the 24 models we run sit above the $24.95 price.
Bear case: the Dividend Discount group reads lowest at $23.88, and 1 of the 24 models stay below the price. Data coverage for this calculation is low.
Scenario range: $38.10 (bear) to $119.66 (bull), the price of $24.95 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 66/100 (solid quality), in the Communication Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Comcast Corp reported revenue of $124B in FY2025 versus $116B in FY2021, a compound +1.5%/yr. Reported net income was $20.0B in FY2025, compounding +9.0%/yr from FY2021.
Key figures
Market cap $89.1B Large · P/E ratio 7.9 · P/S ratio 0.72 · EPS (TTM) $3.16 · Dividend yield 5.3% · Net margin 9.2% · Return on equity 11.4% · Return on assets (EBIT) 8.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 58 out of 100 (medium confidence).
What moves the price
The share trades about 20% below its 52-week high and 21% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 26% fair-value upside, at 200%, CMCSA screens cheaper than that median.
Fair Value models
Bear$38.10Fair Value $74.85Bull$119.66
Price $24.95 · Upside +200.0%
Capped: our models arrive at a very high value here. We deliberately show a more cautious Fair Value.
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($1.56 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
FCF DCF$62.54$136.40$271.1375
Growth DCF$62.24$131.43$256.7274
EPV$17.69$25.00$31.5073
All 24 models by family
DCF Models
FCF DCF$62.54$136.40$271.1375
Owner Earnings$91.06$189.40$368.7672
5Y Revenue Exit$39.34$82.91$141.3670
5Y EBITDA Exit$37.90$79.96$131.8572
5Y P/E Exit$62.59$130.79$208.6968
10Y Revenue Exit$44.32$88.91$155.9964
10Y EBITDA Exit$45.26$86.70$147.8466
10Y P/E Exit$62.01$124.84$213.6761
Earnings-Based
Graham-Dodd$38.40$177.12$243.2064
Lynch FV$46.60$66.57$86.5561
PEG = 1.0$46.60$66.57$86.5557
EPV$17.69$25.00$31.5073
Dividend Discount
Gordon GGM$13.34$29.22$49.3865
DDM Multi-Stage$13.34$23.88$30.4366
Multiples
P/E Multiple$93.17$124.23$155.2863
P/S Multiple$71.99$95.99$119.9958
EV/EBIT$41.53$64.87$88.2265
EV/EBITDA$26.16$44.39$62.6165
EV/Revenue$24.60$47.37$70.1351
Growth DCF
Growth DCF$62.24$131.43$256.7274
Rev-Margin DCF$39.34$82.22$137.6070
Economic Profit
Residual Income$37.18$51.32$98.1472
ROIC Compounder$17.69$25.00$37.7370
Growth Earnings
Growth-Adj P/E$76.54$109.34$142.1467
The spin-off of Versant Media is accounted for: even divided by 1.07, the model value stays above the cap, so the fair value above remains capped. The models still include the spun-off business.
In the last 6 months, no officer or director bought or sold shares on the open market.
SaleJason ArmstrongCFO4,494 shares at $31.74$142,640Mar 5, 2026
SaleMichael J CavanaghCo-CEO, Director57,947 shares at $32.66$1.9MFeb 11, 2026
SaleAsuka NakaharaDirector8,275 shares at $29.70$245,768Feb 3, 2026
Plus 15 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.65/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+0.0%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+0.6%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+3.6%
Start year 2020 (pandemic). Over 10 years: +5.2% a year
Revenue growth 40 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+19.0%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+19.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+14.2%
Dividend (yield on the price)5.3%
Per share before 2026divided by the spin-off factor 1.067
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.14.2% vs 13.0%, steady
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.17% → 17%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−7.2%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
−2.1%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about −9.4% a year for the price and −4.4% for the forecasts.
AI conclusion: The business draws a moderate moat from scale in broadband distribution and pricing power, yet this is offset by average innovation, organization capital and high leverage.
Main risk: Cheaper fiber and fixed wireless offerings from rivals such as Verizon could accelerate broadband subscriber losses and squeeze connectivity margins.
Bull case: By upgrading its network with DOCSIS 4.0 and offering converged broadband-wireless bundles Comcast could retain customers and maintain pricing power despite rival offers.
Bear case: If fiber and fixed wireless competition intensifies further subscriber losses could erode the scale advantages of its broadband distribution business.
Comcast lost more broadband subscribers than expected in its latest quarter amid stiff competition from lower-priced fiber providers. Management now plans over a billion dollars in restructuring charges and job cuts to simplify operations and free resources for growth. Will these steps mainly shore up the core connectivity business or accelerate the shift toward wireless and streaming?
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Telecom Services · 235 stocks
Beats the industry median on 11/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score66 · Top 25%
Fair Value upside+200.0% · Top 25%
Profitability
Return on equity (12 months)11.4% · Above median
Return on assets7.3% · Top 25%
Net margin (12 months)9.2% · Above median
Operating margin (12 months)18.2% · Above median
Growth and dividend
Revenue growth (quarter YoY)−6.1% · Bottom 25%
Dividend yield (12 months)5.3% · Above median
Balance sheet
Debt / equity0.96× · Above median
Valuation Multiplesvs Telecom Services median · lower = cheaper
P/E (12 months)7.9× · Cheapest 25%
P/B0.92× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Comcast Corp Fair Value". https://www.fairvalue-calculator.com/stock/CMCSA
Frequently asked questions
Is Comcast Corp (CMCSA) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of $74.85 versus a price of $24.95, about +200% upside (undervalued).
What is the fair value of CMCSA?
Our model-based fair value for Comcast Corp is $74.85 (as of Nov 6, 2026), built from audited fundamentals. The current price: $24.95.
What is the quality score of CMCSA?
Comcast Corp has a Quality Score of 66/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Comcast Corp (CMCSA)?
Our model-based price target is the fair value of $74.85 (as of Nov 6, 2026) from 24 valuation models. Cautious scenario $38.10, optimistic scenario $119.66. It is a calculation from audited fundamentals, not an analyst target.
What is the Comcast Corp stock forecast for 2026?
Our models put fair value at $74.85, about +200% upside versus a price of $24.95 (undervalued). Cautious scenario $38.10, optimistic scenario $119.66. The calculation is refreshed regularly with new filings.
What is the revenue of Comcast Corp (CMCSA)?
Comcast Corp reported trailing-twelve-month revenue of about $123B (latest available figure, as of Nov 6, 2026).
Does Comcast Corp pay a dividend?
Comcast Corp currently shows a dividend yield of 5.29% relative to its recent price (as of Nov 6, 2026).
What growth is priced into Comcast Corp (CMCSA)?
For today's price to be fair in a discounted-cash-flow model, Comcast Corp would have to grow free cash flow by -7.2 % per year for five years (discount rate 8.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +3.6 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of CMCSA use?
Our models discount Comcast Corp at 8.5 %: a base by market capitalisation (large), damped by beta 0.67, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Comcast Corp that is -7.2 % per year a year over ten years, using the same discount rate (8.5 %) and the same formula as our fair value.
How much growth has Comcast Corp (CMCSA) delivered so far?
Over the past 5 years revenue at Comcast Corp grew +3.6 % a year. The price currently implies -7.2 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Comcast Corp (CMCSA) growing?
The median revenue growth in the sector is +3.6 % a year. That is the yardstick for the growth priced into Comcast Corp (-7.2 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Comcast Corp (CMCSA)?
The free-cash-flow yield on the price is 21.60 %: that much free cash flow Comcast Corp produces per unit of market value. When it exceeds the discount rate of our models (8.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Comcast Corp (CMCSA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Comcast Corp it is $74.85 per share (as of Nov 6, 2026), against a price of $24.95. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Comcast Corp stock overvalued or undervalued in 2026?
As of Nov 6, 2026, CMCSA trades below its calculated fair value: price $24.95, fair value $74.85, a gap of about +200% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of CMCSA?
No. The price is what the market pays today ($24.95); the fair value is what the company's own numbers justify ($74.85). For Comcast Corp the two are $49.90 per share apart. That gap is exactly why we show both numbers side by side.
How much is Comcast Corp worth?
The market values Comcast Corp at about $89.1B (market capitalisation, as of Nov 6, 2026). Per share that is $24.95; our models calculate a fair value of $74.85 per share.
What do the bullish and bearish scenarios say about CMCSA?
Our models span a range for Comcast Corp: cautious scenario $38.10, base $74.85, optimistic $119.66 per share (as of Nov 6, 2026, price $24.95). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CMCSA?
Comcast Corp trades at a price-to-earnings ratio of 7.9 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $74.85 is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 5.8 (reported for FY2025: 4.5). Other multiples: PEG 2.4, P/B 0.9, P/S 0.7, EV/EBITDA 5.2.
What is the PEG ratio of CMCSA?
The PEG ratio of Comcast Corp is 2.39 (P/E divided by earnings growth, as of Nov 6, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Comcast Corp (CMCSA)?
Balance-sheet figures for Comcast Corp (as of Nov 6, 2026): return on equity 11.4%, debt of 0.96 per unit of equity. They feed the Quality Score of 66/100, which measures business quality independently of the share price.
How far is CMCSA from its 52-week high?
Comcast Corp trades at $24.95, about 20% below its 52-week high of $31.19 and 21% above the low of $20.66 (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of $74.85 is for.
Which stocks are comparable to Comcast Corp?
From the same area (Communication Services) we also value China Mobile Limited, Verizon Communications Inc, T-Mobile US, Inc, AT&T Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Comcast Corp stock attractive at the current price?
The data as of Nov 6, 2026: price $24.95, calculated fair value $74.85 (+200%), Quality Score 66/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of CMCSA calculated?
We run Comcast Corp through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $74.85, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.5% above its aggregate fair value. Comcast Corp currently trades 67% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Comcast Corp (CMCSA)?
The closing price on Nov 5, 2026 was $24.95. Our model-based fair value is $74.85, about +200% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Comcast Corp right now?
The price is below even our cautious bear case ($38.10). The market is more pessimistic than our downside scenario. The model range is unusually wide ($38.10 to $119.66). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (66/100) at a price below fair value, the discount is the argument here, not the business quality.
Where does the earnings growth of Comcast Corp (CMCSA) come from?
Earnings per share at Comcast Corp grew +11.7 % a year from 2014 to 2025. Broken into its drivers: revenue per share +9.1 %, EBIT margin −1.7 %, tax rate +2.3 %, residual (interest, one-offs) +1.9 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Comcast Corp
How large is the market capitalisation of Comcast Corp (CMCSA)?
The market capitalisation of Comcast Corp is $89.1B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Comcast Corp (CMCSA)?
The price-to-sales ratio of Comcast Corp is 0.72 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Comcast Corp (CMCSA)?
Earnings per share at Comcast Corp are $3.16 (price ÷ EPS = P/E 7.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Comcast Corp (CMCSA)?
The dividend yield of Comcast Corp is 5.3% (payout 53.3%, on adjusted earnings, reported 41.8%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Comcast Corp (CMCSA)?
The net margin of Comcast Corp is 9.2% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Comcast Corp (CMCSA)?
The return on equity (ROE) of Comcast Corp is 11.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Comcast Corp (CMCSA)?
On an EBIT basis the return on assets of Comcast Corp is 8.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Comcast Corp (CMCSA)?
The operating margin of Comcast Corp is 18.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Comcast Corp (CMCSA)?
Revenue at Comcast Corp is growing −6.1% versus a year earlier (3y avg +0.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Comcast Corp (CMCSA)?
Earnings per share at Comcast Corp are growing +7.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Comcast Corp (CMCSA) carry?
The net debt of Comcast Corp is $101B (fiscal year 2025, ≈ 5.2 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Nov 6, 2026