Comcast Corporation (CMCSA) is a publicly traded company in the Communication Services — Telecommunications Services industry listed on NASDAQ. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
Comcast Corporation functions as a global media and technology conglomerate. Its diverse operations are segmented across Cable Communications, Media, Studios, Theme Parks, and Sky. The Cable Communications division delivers internet, television, phone, and mobile services to residential and business clients under its Xfinity brand, alongside offering advertising solutions.
Is Comcast Corporation stock overvalued or undervalued in 2026?
Comcast Corporation (CMCSA) trades at 7.3× earnings (P/E), below the median of the 80 communication companies over $2bn in Kaplio's universe. At the decade median (15.2×) $48 (+106 %); at its sector median (20.0×) $63 (+172 %).
Kaplio overview: Comcast Corporation
Market cap $82B · 52 weeks $21 – $32 (27 % below the high) · P/E 7.3× · 2027 est. P/E 6.6× · Dividend 5.7 % · 11 years rising · Next earnings February 4, 2027 · expected EPS $0.65 · Closing price, Oct 30 · accounts published Oct 22.
- Valuation: P/E 7.3× (cheap).
- Business: EBITDA margin 37.5 % (solid).
- Balance sheet: Net debt/EBITDA 2.2× (solid).
- Earnings: 8 of 8 (on track).
What would it be worth at its usual multiples?
At the decade median (15.2×) $48 (+106 %); at its sector median (20.0×) $63 (+172 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.
What matters in communication: 7 of 7 pass
- 3y revenue growth 7.3 %, passes.
- EBITDA margin 37.5 %, passes.
- FCF yield 25.9 %, passes.
- Capex / Revenue 9.5 %, passes.
- Net debt / EBITDA 2.2×, passes.
- Payout on FCF 22.4 %, passes.
- EV/EBITDA vs own 5y 4.8×, passes.
Against its peers (reference peers) — Comcast Corporation: P/E 7.3×; EV/EBITDA 4.8×; ROIC 6.1 %; $82.2B. AT&T Inc. (P/E 11.6×; EV/EBITDA 6.8×; ROIC 4.9 %; $144B), T-Mobile US, Inc. (P/E 15.1×; EV/EBITDA 8.6×; ROIC 7.5 %; $166B), Verizon Communications Inc. (P/E 11.4×; EV/EBITDA 7.6×; ROIC 5.9 %; $185B).
Expensive or cheap against its last ten years?
P/E at each close: today 7.3× · median 15.2× · minimum 6.2× · maximum 26.8× · cheap below 10.7× · expensive above 21.6×. It has been cheaper than today only 6% of the time over its last ten years.
Dividend
solid · Yield 5.7 % ($1.35 per share in 2025) · Years raising it ≥ 11 · 5-year growth +8 % a year · Free cash flow coverage 3.5× · With $1,000 invested today you'd collect $56.80 a year ($4.73 a month).
Kaplio's reading: Comcast Corporation
Updated on October 23, 2026 · accounts published on October 22, 2026
A cash-generating business with eroding margins and a steadily growing dividend
Comcast trades at a P/E of 7.3 over the last 12 months, 63 % below its sector median; it was lower only 6 % of the past decade.
- Is Comcast expensive or cheap? Its P/E of 7.3 is 52 % below its ten-year median of 15.2, and only 6 % of the last decade saw a lower one.
- How is the business doing? The fiscal 2025 operating margin of 17 % was the lowest in 12 years, below the 19 % average of 2014-2025.
- How strong is the balance sheet? Net debt of $28.98 per share equals 125 % of the share price (fiscal 2025), and the Altman Z of 1.4 is in the danger zone.
- What to expect from the next earnings? 34 of 61 analysts say buy, and the 2026 EPS consensus slipped 1 % to $3.46 ahead of results on February 4, 2027.
- Does the dividend fit in the cash the network generates? The dividend took just 22 % of fiscal 2025 free cash flow, far under the 80 % ceiling seen as healthy for telecoms.
Is Comcast expensive or cheap?
Over the last 12 months Comcast trades at a P/E of 7.3, 52 % below its ten-year median of 15.2 and 63 % below the 20.0 median of its sector. The decade range runs from 6.2 to 26.8, so the multiple sits near the floor. EV/EBITDA of 4.8× is well under its five-year average of 7.2×, and a free cash flow yield of 24 % with a price to book of 0.9× tells the same story. The stock fell 12 % over the last 12 months while EPS rose 30 %, so the market is discounting a weaker future than recent earnings suggest.
How is the business doing?
Revenue was practically flat over the last 12 months, yet EPS rose 30 %, so profit growth is not coming from sales. Profitability is eroding: the operating margin is 15 % over the last 12 months, against a 19 % average for fiscal 2014-2025, and fiscal 2025 was the weakest of those 12 years. ROIC of 6.1 % sits just 0.4 points above the sector median of 5.7 %, and it has topped 10 % in only one of the last ten fiscal years. A 12 % ROE and a 9 % net margin describe a business that still earns money, with little room to spare.
How strong is the balance sheet?
Debt is the main weight on Comcast. Net debt of $28.98 per share in fiscal 2025 is larger than the share price itself, and a current ratio of 0.82 over the last 12 months means short-term liabilities exceed short-term assets. The Altman Z of 1.4 falls in the danger zone, while a Piotroski score of 7 out of 9 points to solid underlying fundamentals. Debt to equity of 0.94 is moderate. Measured against earnings power the picture is calmer: net debt is 2.2× fiscal 2025 EBITDA, inside the 3.5× that telecoms can tolerate.
What to expect from the next earnings?
Comcast has beaten EPS estimates in each of the last 8 quarters. On October 22, 2026 it reported EPS of $1.07 against $0.99 expected, a beat of 8.5 %. Analysts expect $0.70 for the next quarter, due on February 4, 2027, a clear step down from the latest figure. Over the last 30 days the 2026 EPS consensus edged down 1.1 %, from $3.49 to $3.46 among 13 analysts, while the revenue consensus barely moved. Of the 61 analysts covering the stock, 34 recommend buying, 24 holding and 3 selling. Eight straight beats set a high bar for February.
Does the dividend fit in the cash the network generates?
Telecoms are capital-intensive cash machines, so they are judged on free cash flow and dividends more than on earnings growth. Capex was 9.5 % of revenue in fiscal 2025, under the 20 % limit; the EBITDA margin of 38 % clears the 30 % bar; and fiscal 2025 free cash flow equals 26 % of the current price, against a 6 % threshold. Revenue per share grew 7.3 % a year over 2022-2025, above the 2 % mark. With a 5.7 % dividend yield over the last 12 months, a 24 % earnings payout and 11 straight years of dividend increases through fiscal 2025, the dividend looks well covered.
How this was prepared: the data comes from companies' official filings, collected by a professional provider, and from Kaplio's analysis engine (trailing-12-month ratios, 10 years of history and sector medians computed across US-listed companies). The text is written from that data alone, every figure is checked against it before publication, and it is reviewed when the company reports results. This is not investment advice.
Investor methods verdict
Would Buffett approve Comcast today?
The Buffett Method would not approve Comcast today: it fails its quality rules. Business quality: 75 out of 100 (price not included). Kaplio assessment with data from the week of 2026-10-26; not investment advice.
Would Peter Lynch approve Comcast today?
The Lynch Method approves Comcast today: P/E 7.3 with 19% growth; it asks that the P/E not exceed growth. Business quality: 65 out of 100 (price not included). Lynch classifies it as a fast grower. Kaplio assessment with data from the week of 2026-10-26; not investment advice.
Profitability
| Return on Equity | 12.32% |
| Return on Invested Capital | 6.12% |
| Return on Assets | 4.39% |
| Gross Margin | 69.84% |
| Operating Margin | 14.72% |
| Net Margin | 9.20% |
Financial Health
| Debt / Equity | 0.94 |
| Current Ratio | 0.82 |
| Piotroski F-Score | 7 |
| Altman Z-Score | 1.38 |
Price Performance
| 1 month | +7.65% |
| 3 months | -5.46% |
| Year-to-date | -17.07% |
| 1 year | -16.59% |
| 3 years | -45.36% |
| 5 years | -55.89% |
| 10 years | -23.82% |
Dividend History
Paid in the last 12 months: $1.3200 per share in 4 payments.
| Date | Amount |
|---|---|
| 2027-01-06 | $0.3300 |
| 2026-10-07 | $0.3300 |
| 2026-07-01 | $0.3300 |
| 2026-04-01 | $0.3300 |
| 2026-01-14 | $0.3300 |
| 2025-10-01 | $0.3300 |
| 2025-07-02 | $0.3300 |
| 2025-04-02 | $0.3300 |
| 2025-01-08 | $0.2905 |
| 2024-10-02 | $0.2905 |
Amounts adjusted for stock splits.
Related companies: TMUS · CHTR · FOX · VZ · T · DIS · SKYD
Explore sector: Communication Services · Telecommunications Services
More sections of CMCSA: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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