Communication Services · Cable & Satellite · US stock · price as of 22 Oct 2026
Key indicators
Price
$65.10
52-week range
$60.01 – $66.50
Market cap
$232.4B
P/E (trailing)
21.2×
EV / EBITDA
9.2×
Free-cash-flow yield
8.8%
Dividend yield
2.8%
Revenue (last 12 months)
$124.9B
Revenue growth (3y a year)
0.6%
Operating margin
14.7%
Return on invested capital
8.2%
Net debt / EBITDA
2.4×
Fair value
Fair value (average of valid models)$70.40 middle half of models $64 – $76
Versus priceFair+8% to fair value
P/E multiple
$62.61
P/B multiple
$66.50
P/S multiple
$65.88
EV/EBITDA multiple
$61.10
EV/EBIT multiple
$57.81
EV/revenue multiple
$66.41
10-year DCF, EBITDA exit
$79.08
5-year DCF, EBITDA exit
$72.68
10-year DCF, revenue exit
$79.91
5-year DCF, revenue exit
$73.94
10-year DCF, growth exit
$78.39
5-year DCF, growth exit
$71.64
Dividend discount, stable
$53.89
Dividend discount, multi-stage
$73.24
Earnings power value
$92.93
Model uncertainty
Medium
X-Ray Score
48/ 100 · High confidence · ahead of 28% of sector peers
Valuation54
Growth37
Profitability46
Financial health51
Dividends55
Five-year price chart navy: price · brown: 200-day average · blue band: fair value range
Executive summary
Broadband, video and mobile connections for homes and businesses sit alongside a large media arm at Comcast. Its cable business operates under the Xfinity brand and includes the Sky pay-TV and broadband operation in Europe. Its NBCUniversal arm runs the NBC television network, the Peacock streaming service, a film studio and theme parks. Customers include households, businesses, advertisers and audiences for film and television.
Comcast earns money from monthly subscriptions for internet, video and mobile service, from advertising, from content licensing and film releases, and from theme park admissions. Revenue was $124.9 billion over the last twelve months, and growth has been 0.6% a year over the last three years. The operating margin is 14.7%, and net debt is 2.4 times EBITDA. A dividend is paid with a yield of 2.8%.
StocksXray gives Comcast Corp an X-Ray Score of 48 out of 100 (high confidence), ahead of 28% of the S&P 500 stocks in its sector. Its strongest lens is dividends (55) and its weakest is growth (37).
Our fair value (the average of the valid models) is $70.40 (range $64.24 to $76.16). At $65.10 the stock trades 8% below that value, so the label is "Fair" with medium model uncertainty. Fair value is a range, not a price target.
XStocksXray
Comcast Corp (CCZ)
Valuation history multiples at each fiscal year-end price; the last column uses today's price and the last twelve months
FY2021
FY2022
FY2023
FY2024
FY2025
Now
Price
$54.74
$50.18
$52.43
$57.59
$58.30
$65.10
Market cap
$254.8B
$222.3B
$217.5B
$225.1B
$216.2B
$232.4B
P/E
18.0×
41.5×
14.1×
13.9×
10.8×
21.2×
EV / revenue
2.9×
2.6×
2.5×
2.6×
2.5×
2.5×
EV / EBITDA
9.9×
11.2×
8.2×
8.3×
8.3×
9.2×
Price / free cash flow
12.8×
14.1×
13.4×
14.5×
9.9×
11.4×
Free-cash-flow yield
7.8%
7.1%
7.5%
6.9%
10.1%
8.8%
Price / book
2.7×
2.7×
2.6×
2.6×
2.2×
2.6×
Dividend yield
1.83%
2.15%
2.21%
2.15%
2.26%
2.84%
Fundamentals checklist ● 3 Good · ● 7 Average · ● 5 Bad · each check graded against the sector
Cash quality
Earnings backed by cash−8.3%Average
Free-cash-flow yield8.8%Good
Risk models
Altman Z score1.6×Average
Piotroski F-Score7 of 9Good
Growth
EPS growth (3y)64.5%Good
Free-cash-flow growth (3y)11.5%Average
Revenue growth (3y)0.6%Bad
Growth consistency60%Bad
Balance sheet
Current ratio0.8×Bad
Net debt / EBITDA2.4×Average
Interest cover4.2×Average
Valuation
Fair value vs price1.1×Average
EBIT / EV yield5.8%Average
Profitability
Return on invested capital8.2%Bad
Operating margin14.7%Bad
XStocksXray
Comcast Corp (CCZ)
Financials US$ millions, from SEC filings; last column is the last twelve months
Income statement
FY21
FY22
FY23
FY24
FY25
LTM
Revenue
116,385
121,427
121,572
123,731
123,707
124,905
Gross profit
–
–
–
–
–
–
Operating income
20,817
14,041
23,314
23,297
20,672
18,317
Net income
14,159
5,370
15,388
16,192
19,998
11,200
Diluted EPS ($)
3.04
1.21
3.71
4.14
5.39
3.07
Free cash flow
19,972
15,787
16,259
15,492
21,893
20,444
Gross margin
–
–
–
–
–
–
Operating margin
17.9%
11.6%
19.2%
18.8%
16.7%
14.7%
Net margin
12.2%
4.4%
12.7%
13.1%
16.2%
9.0%
Balance sheet
FY21
FY22
FY23
FY24
FY25
LTM
Total assets
275,905
257,275
264,811
266,211
272,631
257,548
Cash
8,711
4,749
6,215
7,322
9,481
7,661
Total debt
94,850
94,811
97,090
99,093
98,937
90,381
Equity
96,092
80,943
82,703
85,560
96,903
89,763
Dividend per share ($)
1.00
1.08
1.16
1.24
1.32
1.32
Revenue and net income US$ billions: navy revenue, teal net income
Every number comes from SEC filings, end-of-day prices and the StocksXray models described on the methodology page. The X-Ray Score ranks each metric against the company's own sector. Fair value is the average of up to 15 valuation models, most of them anchored to the company's own multiples, so it stays near the price and should be read as a range, not a point. Analyst ratings, price targets and earnings-call summaries are not part of this report. Educational research, not financial advice; read the disclaimer.
