EN DE
STOCK COMPARISON

Walt Disney vs Warner Bros Discovery: Fair Value & Quality

Both stocks run through our valuation models. Here is how Walt Disney (DIS) and Warner Bros Discovery (WBD) compare, as of Sep 26, 2026.

As of Sep 26, 2026, Fair Value Calculator sees Walt Disney as the less overvalued of the two: Walt Disney trades at $106 versus a fair value of $101 (-5%), while Warner Bros Discovery trades at $30.86 versus $13.47 (-56%).
Walt Disney
DIS · USD · Communication Services
-5%
upside to fair value
fairly valued
Price$106
Fair Value$101
Quality66/100
Warner Bros Discovery
WBD · USD · Communication Services
-56%
upside to fair value
overvalued
Price$30.86
Fair Value$13.47
Quality46/100
Get comparisons like this free by email every month: the most undervalued quality stocks.

Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

Walt DisneyWarner Bros Discovery
Valuation
21.9×P/E (TTM)n/a
24.2×P/E ex one-offs (FY2025)106.4×
15.3×Forward P/E (FY2026)n/a
n/aMedian P/E at FY-end (6 FY, ex one-offs where documented)16.2×
1.86×P/S (TTM)2.20×
1.67×P/B2.21× · book value is mostly goodwill
10.2×EV/EBITDA13.8×
3.38×PEG55.18×
−4.6%Fair value upside−56.4%
1.4%Dividend yieldn/a
$1.50Dividend per sharen/a
Profitability
19%Operating margin5%
2.52×EBIT margin trend (5Y)0.15×
8%Return on equity-9%
5%Return on assets2%
Growth
7%Revenue growth (YoY)-11%
4.5%Avg. growth/yr (3Y)3.3%
7.6%Avg. growth/yr (5Y)28.4%
+26.4%Value creation/yr−30.7%
Balance & size
7.6×Interest coverage (EBIT/interest)0.6×
0.32×Debt / equity0.90×
$184BMarket cap$79B
healthyGrowth qualitymixed
The P/E excluding one-off items is scored: for at least one of the two companies, special items (write-downs, restructuring, litigation) move the reported P/E by 15 % or more. The trailing P/E is shown for reference.
Warner Bros Discovery, median P/E at fiscal year-end, 6 fiscal years (2016 to 2025), reported earnings, FY2025 ex one-offs: 16.2.

Walt Disney leads: 13 to 1 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Walt Disneyof which business quality 64 · market factors 49 Warner Bros Discoveryof which business quality 46 · market factors 70
ProfitabilityMargins and returns on capital today
43
20
Quality GrowthAre margins and returns improving?
67
31
CashflowEarnings quality: real cash, not paper profit
55
63
Fin. StrengthBalance sheet, leverage, solvency risk
61
24
InvestmentDisciplined investing over empire-building
80
98
Low VolatilityCalm price path (market factor)
52
45
MomentumPrice trend over the last 3–12 months (market factor)
48
71
52W MomentumDistance to the 52-week high (market factor)
45
98
Net IssuanceShare count: buybacks or dilution?
100
63

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyWalt DisneyPrice $106Warner Bros DiscoveryPrice $30.86
DCF Models+2%close to the price$109-19%below the price$24.89
Earnings-Based-46%below the price$56.80-67%below the price$10.15
Dividend Discount-83%below the price$18.05n/a
Multiples+12%close to the price$119-82%below the price$5.66
Asset-Based-60%below the price$42.63-69%below the price$9.60
Growth DCF-5%close to the price$100-21%below the price$24.39
Economic Profit-39%below the price$65.03-69%below the price$9.57
Growth Earnings+33%above the price$141-56%below the price$13.47
Minimum-83%below the price$18.05-82%below the price$5.66
Maximum+33%above the price$141-19%below the price$24.89
Median-22%below the price$82.69-67%below the price$10.15
Geometric mean-35%below the price$69.14-60%below the price$12.32

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Walt Disney: 15 of 26 models see the stock below the current price.

Warner Bros Discovery: 15 of 20 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Walt Disney
Price $106
Fair Value $101
Bear $58.77Bull $144
Warner Bros Discovery
Price $30.86
Fair Value $13.47
Bear $9.60Bull $17.51

Compare two other stocks

Tap a field and type again, ticker or company name.

Free, no sign-up

Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Walt Disney · Communication Services

Quality score66 · Top 25%
Fair value upside-5% · below median

Warner Bros Discovery · Communication Services

Quality score46 · below median
Fair value upside-56% · bottom 25%

Bottom line

As of Sep 26, 2026, Fair Value Calculator sees Walt Disney as the less overvalued of the two: Walt Disney trades at $106 versus a fair value of $101 (-5%), while Warner Bros Discovery trades at $30.86 versus $13.47 (-56%).

Walt Disney has the higher quality score (66/100).

Open Walt Disney live analysis →
Walt Disney · Warner Bros Discovery

More comparisons

Popular match-ups from the same sectors, all with fair value and quality score.

Related to Walt Disney

Alphabet Inc Class C vs NetflixAlphabet Inc Class C vs Verizon CommunicationsAlphabet Inc Class C vs T-Mobile USAlphabet Inc Class C vs At&t

Related to Warner Bros Discovery

Alphabet Inc Class C vs Spotify TechnologyMeta Platforms vs NetflixMeta Platforms vs Verizon CommunicationsMeta Platforms vs T-Mobile US
Free · Top-25 report

See the undervalued quality stocks every month

Just your email for the monthly Top-25 report of the most undervalued quality stocks, with fair value, quality and price target. Plus 14 days of Pro to try, no card.

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click. Not financial advice.

A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.