Walt Disney Company (DIS) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of Walt Disney Company stock $101, price $117, that is 13.8% below the price, quality 69 out of 100. Rating: overvalued. Calculated from audited financials with 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 5, 2026.
How to read this chart
60‑month range $76.91 – $180.25 · fair‑value band $58.68 – $143.74 · the $117.22 price screens above the $101.07 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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The Walt Disney Company operates as an entertainment company in Americas, Europe, and the Asia Pacific. It operates in three segments: Entertainment, Sports, and Experiences.
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The company produces and distributes film and television content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.
It also provides direct-to-consumer streaming services through Disney+, Disney+ Hotstar, and Hulu; sports-related video streaming content through ESPN, ESPN on ABC, ESPN+ DTC, and Star; sale/licensing of film and episodic content to television and video-on-demand services; theatrical, home entertainment, and music distribution services; DVD and Blu-ray discs, electronic home video licenses, and VOD rental services; staging and licensing of live entertainment events; and post-production services.
In addition, the company operates theme parks and resorts, such as Walt Disney World Resort, Disneyland Resort, Disneyland Paris, Hong Kong Disneyland Resort, Shanghai Disney Resort, Disney Cruise Line, Disney Vacation Club, National Geographic Expeditions, and Adventures by Disney, as well as Aulani, a Disney resort and spa in Hawaii.
Further, it licenses its intellectual property (IP) to a third party that owns and operates Tokyo Disney Resort; licenses trade names, characters, visual, literary, and other IP for use on merchandise, published materials, and games; operates a direct-to-home satellite distribution platform; sells branded merchandise through retail, online, and wholesale businesses; and develops and publishes books, comic books, and magazines.
The company was founded in 1923 and is based in Burbank, California.
Stock analysis
Walt Disney Company (DIS) currently trades at $117.22, while our model-based Fair Value estimate is $101.07, 14% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $141.42 per share, and 5 of the 26 models we run sit above the $117.22 price.
Bear case: the Asset-Based group reads lowest at $10.59, and 21 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: $58.68 (bear) to $143.74 (bull), the price of $117.22 sits inside 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 69/100 (solid quality), in the Communication Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Walt Disney Company reported revenue of $94.4B in FY2025 versus $67.4B in FY2021, a compound +8.8%/yr. Reported net income was $12.4B in FY2025, compounding +57.9%/yr from FY2021.
Key figures
Market cap $204B Mega · P/E ratio 24.2 · P/S ratio 2.07 · EPS (TTM) $4.85 · Dividend yield 1.3% · Net margin 8.7% · Return on equity 8.0% · Return on assets (EBIT) 4.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 61 out of 100 (medium confidence).
What moves the price
The share trades about 1% below its 52-week high and 28% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 2% fair-value upside, at −14%, DIS screens richer than that median.
Fair Value models
Bear$58.68Fair Value $101.07Bull$143.74
Price $117.22 · Downside -13.8%
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 12 months old). Earnings retained since then ($3.35 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.
In the last 6 months, 2 officers or directors sold shares worth $3.4M and none bought.
SaleBrent WoodfordEVP, Control, Fin Plan & Tax6× since Aug 14, 2026: 27,422 shares, avg. $109.33$3.0MNov 4, 202610b5-1 plan
SalePaul M RoederSr EVP and Chief Comm Officer3,596 shares at $106.32$382,327Aug 19, 2026
BuyAmy ChangDirector916 shares at $107.85$98,791Feb 12, 2026
SaleSonia L ColemanSr. EVP & Chief People Officer2× since Dec 24, 2025: 4,904 shares, avg. $114.00$559,056Jan 22, 202610b5-1 plan
BuyJames P GormanDirector18,000 shares at $111.89$2.0MDec 12, 2025
Plus 36 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.75/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+3.4%
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.
+4.5%
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.
+7.6%
Start year 2020 (pandemic). Over 10 years: +6.1% a year
Revenue growth 18 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.
+5.6%
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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. Basis: adjusted.
≈ +26.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year≈ +24.8%
Dividend (yield on the price)1.3%
Per share before 2007divided by the spin-off factor 1.0137
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.12.1% vs 3.4%, picking up
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.6% → 15%
⚠ Base effect: the rate starts in the earnings trough around 2020 (starting value 1.63 per share, median 6.04 in 2015 to 2018). It measures the recovery from the trough, not lasting growth.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more 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).
+14.1%
Yearly growth needed for the next five years to justify today's price.
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.
+5.4%
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 +11.4% a year for the price and +2.9% for the forecasts.
AI conclusion: Disney draws its main strength from profitable streaming operations and resilient theme parks results, while pressure on linear networks stands as its primary weakness.
Main risk: Ongoing antitrust litigation over carriage agreements that bundle ESPN could restrict Disney's ability to package channels and content for streaming, cutting pricing flexibility and pressuring margins in linear networks and direct-to-consumer businesses.
Bull case: Disney could leverage its strong brands and theme-park ecosystem alongside AI tools for efficient content production to differentiate Disney+ and expand user engagement beyond traditional viewing.
Bear case: If antitrust constraints tighten distribution options and streaming rivals capture more share, Disney's direct-to-consumer operations could remain margin-challenged while overall content monetization faces sustained pressure.
Disney has turned streaming profitable, with direct-to-consumer operating income more than doubling to 712 million dollars in the latest quarter and margins hitting 13 percent. Theme parks and experiences keep delivering strong results too. Can those high-margin gains offset the ongoing pressure on linear networks?
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.Entertainment · 223 stocks
Beats the industry median on 6/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score69 · Top 25%
Fair Value upside−13.8% · Below median
Profitability
Return on equity (12 months)8.0% · Top 25%
Return on assets6.3% · Top 25%
Net margin (12 months)8.7% · Top 25%
Operating margin (12 months)19.3% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)6.8% · Above median
Dividend yield (12 months)1.3% · Below median
Balance sheet
Debt / equity0.32× · Above median
Valuation Multiplesvs Entertainment median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Walt Disney Company Fair Value". https://www.fairvalue-calculator.com/stock/DIS
Frequently asked questions
Is Walt Disney Company (DIS) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of $101.07 versus a price of $117.22, about 14% lower (overvalued).
What is the fair value of DIS?
Our model-based fair value for Walt Disney Company is $101.07 (as of Nov 5, 2026), built from audited fundamentals. The current price: $117.22.
What is the quality score of DIS?
Walt Disney Company has a Quality Score of 69/100. 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 Walt Disney Company (DIS)?
Our model-based price target is the fair value of $101.07 (as of Nov 5, 2026) from 26 valuation models. Cautious scenario $58.68, optimistic scenario $143.74. It is a calculation from audited fundamentals, not an analyst target.
What is the Walt Disney Company stock forecast for 2026?
Our models put fair value at $101.07, about 14% lower versus a price of $117.22 (overvalued). Cautious scenario $58.68, optimistic scenario $143.74. The calculation is refreshed regularly with new filings.
What is the revenue of Walt Disney Company (DIS)?
Walt Disney Company reported trailing-twelve-month revenue of about $98.9B (latest available figure, as of Nov 5, 2026).
Does Walt Disney Company pay a dividend?
Walt Disney Company currently shows a dividend yield of 1.28% relative to its recent price (as of Nov 5, 2026).
What growth is priced into Walt Disney Company (DIS)?
For today's price to be fair in a discounted-cash-flow model, Walt Disney Company would have to grow free cash flow by +14.1 % per year for five years (discount rate 10.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.6 % per year. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of DIS use?
Our models discount Walt Disney Company at 10.2 %: a base by market capitalisation (large), damped by beta 1.42, 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 Walt Disney Company that is +14.1 % per year a year over ten years, using the same discount rate (10.2 %) and the same formula as our fair value.
How much growth has Walt Disney Company (DIS) delivered so far?
Over the past 5 years revenue at Walt Disney Company grew +7.6 % a year. The price currently implies +14.1 % 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 Walt Disney Company (DIS) growing?
The median revenue growth in the sector is +3.7 % a year. That is the yardstick for the growth priced into Walt Disney Company (+14.1 % 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 Walt Disney Company (DIS)?
The free-cash-flow yield on the price is 4.93 %: that much free cash flow Walt Disney Company produces per unit of market value. When it exceeds the discount rate of our models (10.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Walt Disney Company (DIS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Walt Disney Company it is $101.07 per share (as of Nov 5, 2026), against a price of $117.22. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Walt Disney Company stock overvalued or undervalued in 2026?
As of Nov 5, 2026, DIS trades above its calculated fair value: price $117.22, fair value $101.07, a gap of about −14% (overvalued). 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 DIS?
No. The price is what the market pays today ($117.22); the fair value is what the company's own numbers justify ($101.07). For Walt Disney Company the two are $16.15 per share apart. That gap is exactly why we show both numbers side by side.
How much is Walt Disney Company worth?
The market values Walt Disney Company at about $204B (market capitalisation, as of Nov 5, 2026). Per share that is $117.22; our models calculate a fair value of $101.07 per share.
What do the bullish and bearish scenarios say about DIS?
Our models span a range for Walt Disney Company: cautious scenario $58.68, base $101.07, optimistic $143.74 per share (as of Nov 5, 2026, price $117.22). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of DIS?
Walt Disney Company trades at a price-to-earnings ratio of 24.2 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $101.07 is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 23.6 (reported for FY2025: 17.1). Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), earnings ex one-offs: 18.5. Other multiples: PEG 3.4, P/B 1.9, P/S 2.1, EV/EBITDA 11.2.
What is the PEG ratio of DIS?
The PEG ratio of Walt Disney Company is 3.37 (P/E divided by earnings growth, as of Nov 5, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Walt Disney Company (DIS)?
Balance-sheet figures for Walt Disney Company (as of Nov 5, 2026): return on equity 8.0%, debt of 0.32 per unit of equity. They feed the Quality Score of 69/100, which measures business quality independently of the share price.
How far is DIS from its 52-week high?
Walt Disney Company trades at $117.22, about 1% below its 52-week high of $118.95 and 28% above the low of $91.72 (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of $101.07 is for.
Which stocks are comparable to Walt Disney Company?
From the same area (Communication Services) we also value Netflix, Inc, Live Nation Entertainment, Inc, TKO Group, Universal Music Group, 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 Walt Disney Company stock attractive at the current price?
The data as of Nov 5, 2026: price $117.22, calculated fair value $101.07 (−14%), Quality Score 69/100, from 26 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 DIS calculated?
We run Walt Disney Company through 26 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 $101.07, 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. Walt Disney Company itself currently trades above fair value. 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 Walt Disney Company (DIS)?
The closing price on Nov 5, 2026 was $117.22. Our model-based fair value is $101.07, about 14% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Walt Disney Company right now?
Solid but not exceptional quality (69/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range ($58.68 to $143.74) leaves room in how you read the outcome.
Where does the earnings growth of Walt Disney Company (DIS) come from?
Earnings per share at Walt Disney Company grew −3.5 % a year from 2014 to 2025. Broken into its drivers: revenue per share +5.6 %, EBIT margin −7.3 %, tax rate +4.1 %, residual (interest, one-offs) −5.3 %. 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 Walt Disney Company
How large is the market capitalisation of Walt Disney Company (DIS)?
The market capitalisation of Walt Disney Company is $204B. 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 Walt Disney Company (DIS)?
The price-to-sales ratio of Walt Disney Company is 2.07 (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 Walt Disney Company (DIS)?
Earnings per share at Walt Disney Company are $4.85 (price ÷ EPS = P/E 24.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Walt Disney Company (DIS)?
The dividend yield of Walt Disney Company is 1.3% (payout 42.7%, on adjusted earnings, reported 30.9%). 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 Walt Disney Company (DIS)?
The net margin of Walt Disney Company is 8.7% (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 Walt Disney Company (DIS)?
The return on equity (ROE) of Walt Disney Company is 8.0% (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 Walt Disney Company (DIS)?
On an EBIT basis the return on assets of Walt Disney Company is 4.5% (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 Walt Disney Company (DIS)?
The operating margin of Walt Disney Company is 19.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Walt Disney Company (DIS)?
Revenue at Walt Disney Company is growing +6.8% versus a year earlier (3y avg +4.5%). 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 Walt Disney Company (DIS)?
Earnings per share at Walt Disney Company are growing −48.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Walt Disney Company (DIS) carry?
The net debt of Walt Disney Company is $39.2B (fiscal year 2025, ≈ 3.9 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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Broad data
Nov 5, 2026