Walt Disney Co (DIS)
Communication Services · Movies & Entertainment · US stock · S&P 500 component
$113.13
▲ +1.30 (1.16%)
Fair valueFair
$133 +17.3% to fair value
$66fair band $113–$161$199
Day's range
$111.52 – $113.38
52-week range
$92.19 – $117.09
About Walt Disney Co
Disney is an entertainment company with film and television studios, streaming services, cable and broadcast channels, theme parks, cruise ships and consumer products. It earns money from subscriptions to Disney+ and other streaming services, advertising, fees from channel distributors, theme park admissions and hotel stays, film releases and merchandise licensing. Its content franchises feed several of these businesses at once.
Revenue over the last twelve months came to $98.9 billion. The three-year revenue growth rate is 4.5% a year. Profitability shows an operating margin of 18.4% and a return on invested capital of 9%. Net debt stands at 1.7 times EBITDA. Shareholders receive a dividend, yielding 1.3%. This gives an X-Ray Score of 56 out of 100. These figures describe past results as reported and are a factual snapshot, not a forecast. Some measures, such as margins for real estate trusts and banks, are defined differently from those of industrial firms, so comparisons should be made with care.
Price chart
52-wk range $92.19 – $117.09Volume 8,630,388Daily, split-adjusted
Vitals
Market cap$197.2B
52-week range$92.19 – $117.09
Volume (last day)8,630,388
P/E (TTM)23.4
EBIT / EV yield7.4%
Free-cash-flow yield4.2%
Dividend yield1.3%
Revenue (TTM)$98.9B
Net income (TTM)$8.6B
Operating margin18.4%
Return on capital8.8%
Debt incl. leases$46.0B
Cash & securities$5.2B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies that hold large long-term investments). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$133middle half of models $128 – $132
Fair
+17.3% to fair value
Average of the 13 valuation models that pass our checks: multiples, discounted cash flow, dividend discount and earnings power value. A model more than 100% above or 60% below the price is left out as unrealistic. Model uncertainty is Low, based on how far apart the models are. Undervalued or Overvalued means the gap to fair value is more than 17.5%.
Price $113
Undervalued < $113Fair $113 – $161Overvalued > $161
P/E multiple
$132
P/B multiple
$140
P/S multiple
$122
EV/EBITDA multiple
$143
EV/EBIT multiple
$132
EV/revenue multiple
$121
10-year DCF, EBITDA exit
$130
5-year DCF, EBITDA exit
$129
10-year DCF, revenue exit
$128
5-year DCF, revenue exit
$126
10-year DCF, growth exit
$132
5-year DCF, growth exit
$132
Earnings power value
$158
Growth the price implies
7.4%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.13%, equity risk premium 4.30% (Damodaran). How it works.
What this means
Average business, fairly priced
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Communication Services peers. Open a lens to see the numbers behind it.
Strong: 70 to 100Fair: 50 to 69Weak: under 50No score: not enough data
Valuation
Fair
65/100
Priced about in line with its sector.
See the numbers →
EBIT / EV yield7.4%
Free-cash-flow yield4.2%
Fair value vs price1.2×
Growth
Fair
55/100
Growing at a typical pace for its sector.
See the numbers →
Revenue growth (3y)4.5%
EPS growth (3y)58.5%
Growth consistency90%
Profitability
Weak
47/100
Earns lower returns on its capital than most peers.
See the numbers →
Return on invested capital8.8%
Operating margin18.4%
Financial health
Fair
64/100
Balance sheet is in typical shape for its sector.
See the numbers →
Piotroski F-Score8 / 9
Net debt / EBITDA1.7×
Dividends
Weak
38/100
Dividend is modest or less certain than peers.
See the numbers →
Dividend yield1.3%
Dividends vs free cash flow32%
Quarterly results: last 6 quarters
+7.0%
Mar '25
+2.1%
Jun '25
-0.5%
Sep '25
+5.2%
Dec '25
+6.5%
Mar '26
+6.8%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $25.2B, diluted EPS $1.51.
Compare with peers
NFLX Netflix Inc58 TKO TKO Group Holdings, In...52 LYV Live Nation Entertainm...41Other Movies & Entertainment companies by X-Ray Score.
SWOT analysis: Walt Disney Co
Strengthsinside the company
- Earnings per share have compounded at 58.5% a year over three years.
- Passes 8 of the 9 Piotroski tests, which points to improving profitability, funding and efficiency.
Weaknessesinside the company
- Return on invested capital of 8.8% is well below the 31.5% median of industry peers.
Opportunitiesvaluation and setting
- Dividends use only 32% of free cash flow, which leaves room to raise them.
- Trades at 22.9x earnings, 61% below the 58.7x median of industry peers.
- Our Market Compass rates the backdrop for Communication Services as favourable.
- Price momentum is strong on the weekly and monthly signals (trends can reverse).
Threatsvaluation and setting
- No specific threat is flagged by our checks; general market and interest-rate risk still applies.
Written by fixed rules from the figures on this page and the peer table below: filings, our fair value, the sector climate and the price trend. It summarises the data, it is not a forecast or advice.
Compare DIS with peers and sector
Medians of 3 Movies & Entertainment peers and of 17 Communication Services stocks in our universe.
Largest peers (X-Ray Score): NFLX 58, LYV 41, TKO 52.
| Metric | DIS | Peers | Sector |
|---|---|---|---|
| X-Ray Score (out of 100) | 56 | 52 | 51 |
| Valuation | 65 | 46 | 50 |
| Growth | 55 | 46 | 48 |
| Profitability | 47 | 57 | 54 |
| Financial health | 64 | 38 | 51 |
| Dividends | 38 | – | 48 |
Sector leaders: highest X-Ray Score in Communication Services
DIS ranks #7 of 18 in Communication Services and #2 of 4 in Movies & Entertainment by X-Ray Score. A higher score is stronger on our five pillars; it is a ranking of facts, not a forecast.
Green means better than the peer median, red worse (only where a higher or lower figure is clearly better). A dash means too few companies report the figure. P/E, EV/EBITDA and price changes are not graded: a different level is not good or bad by itself.
Factor ratings for DIS
Each factor is rated by where DIS stands among the 18 Communication Services stocks in our universe.
Rating against the sector
Goodthe top third of these stocks
Averagethe middle third of these stocks
Badthe bottom third of these stocks
"Beats" is the share of those stocks it is ahead of.
Against its own history
The last columns set today's figure against the company's own median of its last five financial years:
▲ Betterbetter than its usual level
▼ Worseworse than its usual level
≈ In linewithin its usual range
For valuation factors Good means cheaper than most of the sector and Better means cheaper than usual for this company, which is not the same as a bargain.
In total: 3 Good · 12 Average · 4 Bad of 19
Growth: 1 · 2 · 0
Profitability: 0 · 2 · 2
Financial strength: 1 · 1 · 1
Valuation: 1 · 4 · 0
Cash flow: 0 · 2 · 1
Efficiency: 0 · 1 · 0
| Factor | DIS | Rating | Sector median | Own 5-year median | Against own history |
|---|---|---|---|---|---|
| Growth | |||||
| Revenue growth, 3 years a year | +4.5% | Average beats 42% | +5.6% | – | – |
| Revenue growth, last year | +3.4% | Average beats 36% | +7.7% | +3.4% | ≈ In line |
| EPS growth, 3 years a year | +58.5% | Good beats 95% | +6.6% | – | – |
| Profitability | |||||
| Operating margin | 18.4% | Average beats 42% | 19.3% | 14.7% | ▲ Better |
| Net margin | 8.7% | Bad beats 31% | 10.6% | 3.8% | ▲ Better |
| Return on invested capital | 8.8% | Average beats 36% | 10.4% | – | – |
| Return on equity | 7.8% | Bad beats 19% | 17.9% | 3.3% | ▲ Better |
| Financial strength | |||||
| Net debt / EBITDA | 1.7x | Average beats 47% | 1.4x | 1.9x | ≈ In line |
| Current ratio | 0.71 | Bad beats 14% | 1.10 | 1.00 | ▼ Worse |
| Piotroski F-score | 8 / 9 | Good beats 92% | 6 / 9 | – | – |
| Valuation | |||||
| P/E ratio | 22.9x | Average beats 38% | 20.8x | 54.8x | ▲ Better |
| Price / book | 1.8x | Good beats 86% | 2.8x | 1.8x | ≈ In line |
| Price / sales | 2.0x | Average beats 53% | 2.0x | 2.1x | ≈ In line |
| EV / EBITDA | 10.3x | Average beats 62% | 13.4x | 10.6x | ≈ In line |
| Free cash flow yield | 4.2% | Average beats 58% | 3.9% | 4.9% | ≈ In line |
| Cash flow | |||||
| Free cash flow margin | 8.4% | Bad beats 28% | 15.7% | 9.4% | ≈ In line |
| Cash from operations / net income | 1.98 | Average beats 50% | 1.98 | 2.81 | ▼ Worse |
| Accruals (lower is better) | −4.1% | Average beats 34% | −5.8% | – | – |
| Efficiency | |||||
| Days sales outstanding | 54 days | Average beats 47% | 47 days | 51 days | ≈ In line |
These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the X-Ray Score. A factor is left out when its data is missing or meaningless (for example a P/E on negative earnings). A dash in the history columns means fewer than three usable years.
Fundamentals checklist
● 4 Good · ● 8 Average · ● 1 BadCash quality
Earnings backed by cashAverage
Free-cash-flow yieldAverage
Risk models
Altman Z''Average
Piotroski F-ScoreGood
Growth
EPS growth (3y)Good
Revenue growth (3y)Average
Growth consistencyAverage
Balance sheet
Current ratioBad
Net debt / EBITDAAverage
Valuation
Fair value vs priceGood
EBIT / EV yieldGood
Profitability
Return on invested capitalAverage
Operating marginAverage
Each check is graded against the company's sector, not a fixed number. Checklist score 51/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $67.4B | $82.7B | $88.9B | $91.4B | $94.4B |
| Operating income | $7.8B | $12.1B | $12.9B | $15.6B | $17.6B |
| Net income | $2.0B | $3.1B | $2.4B | $5.0B | $12.4B |
| Operating cash flow | – | – | $9.9B | $14.0B | $18.1B |
| Operating margin | 11.5% | 14.7% | 14.5% | 17.1% | 18.6% |
| Free cash flow | – | – | $4.9B | $8.6B | $10.1B |
| Diluted EPS | $1.09 | $1.72 | $1.29 | $2.72 | $6.85 |
Fiscal years, from SEC filings.
Technical summary
Daily
Strongly bullish
12 bullish · 1 neutral · 3 bearish
Weekly
Strongly bullish
11 bullish · 1 neutral · 0 bearish
Monthly
Strongly bullish
6 bullish · 1 neutral · 1 bearish
Moving averages (daily)
| SMA 10 | 110.2 | Bullish |
| EMA 10 | 110.1 | Bullish |
| SMA 20 | 107.3 | Bullish |
| EMA 20 | 108.5 | Bullish |
| SMA 50 | 106.7 | Bullish |
| EMA 50 | 106.2 | Bullish |
| SMA 100 | 102.7 | Bullish |
| EMA 100 | 104.6 | Bullish |
| SMA 200 | 103.1 | Bullish |
| EMA 200 | 104.2 | Bullish |
Oscillators (daily)
| RSI (14) | 69.43 | Neutral |
| MACD (12, 26) | 1.85 | Bullish |
| Momentum (12) | 8.75 | Bullish |
| Stochastic %K (14) | 97.97 | Bearish |
| Williams %R (14) | -2.03 | Bearish |
| CCI (20) | 129.0 | Bearish |
Pivot points (classic, last session)
S3 110.1 | S2 110.8 | S1 112.0 | Pivot 112.7 | R1 113.8 | R2 114.5 | R3 115.7 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
1.50 USD
Yield on today's price
1.33%
Frequency
Semi-annual
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 0.7500 | |
| 0.7500 | |
| 0.5000 | |
| 0.5000 | |
| 0.4500 | |
| 0.3000 | |
| 0.8800 | |
| 0.8800 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
ETFs that hold DIS
| ETF | Share of the fund |
|---|---|
| FCOM Fidelity MSCI Communication Services I... | 4.50% |
| XLC Communication Services Select Sector S... | 4.48% |
| VOX Vanguard Communication Services | 3.95% |
| GXPC Global X Purecap MSCI Communication Se... | 2.62% |
| VLUE iShares MSCI USA Value Factor | 1.53% |
| JAVA JPMorgan Active Value | 1.45% |
| JEPI JPMorgan Equity Premium Income | 1.22% |
| MOAT VanEck Morningstar Wide Moat | 1.19% |
The eight funds with the largest weight in DIS among the ETFs we cover, from each fund's latest SEC Form N-PORT (quarter-end positions, so they can be months old). All ETFs.
DIS stock splits
DIS has split its stock 2 times since 1992. The latest was a 3-for-1 split on 10 Jul 1998.
Full DIS stock split history →DIS SEC filings
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations
8-KSEC EDGAR
Director or officer change; Shareholder vote results
8-KSEC EDGAR
Other events
8-KSEC EDGAR
Director or officer change
8-KSEC EDGAR
Other events
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.