Fox Corporation (FOXA) is a publicly traded company in the Communication Services — Entertainment industry listed on NASDAQ. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
Fox Corporation (FOXA) is a prominent U.S.-based media entity, primarily engaged in the creation and distribution of news, sports, and entertainment content. Its operational framework is divided into three main segments: Cable Network Programming, Television, and a category for "Other, Corporate and Eliminations." The Cable Network Programming segment is dedicated to developing and licensing a broad spectrum of news, business news, and sports programming.
Is Fox Corporation stock overvalued or undervalued in 2026?
Fox Corporation (FOXA) trades at 13.3× earnings (P/E), below the median of the 81 communication companies over $2bn in Kaplio's universe. At the decade median (13.6×) $64 (+2 %); at its sector median (19.1×) $90 (+43 %).
Kaplio overview: Fox Corporation
Market cap $26B · 52 weeks $49 – $76 (17 % below the high) · P/E 13.3× · 2027 est. P/E 10.4× · Dividend 1.0 % · 4 years rising · Next earnings February 3, 2027 · expected EPS $1.03 · Closing price, Nov 2 · accounts published Nov 2.
- Valuation: TTM P/E 13.3× (fairly priced).
- Business: EBITDA margin 17.3 % (weak).
- Balance sheet: Net debt/EBITDA 0.8× (solid).
- Earnings: 8 of 8 (uneven).
What would it be worth at its usual multiples?
At the decade median (13.6×) $64 (+2 %); at its sector median (19.1×) $90 (+43 %). 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: 6 of 7 pass
- EBITDA margin 17.3 %, fails.
- 3y revenue growth 12.1 %, passes.
- FCF yield 5.4 %, passes, near the threshold.
- Capex / Revenue 2.9 %, passes.
- Net debt / EBITDA 0.8×, passes.
- Payout on FCF 19.6 %, passes.
- EV/EBITDA vs own 5y 6.3×, passes.
Against its peers (reference peers) — Fox Corporation: P/E 13.3×; EV/EBITDA 6.3×; ROIC 15.0 %; $26.5B. Warner Bros. Discovery, Inc. (P/E —; EV/EBITDA 7.8×; ROIC 2.1 %; $77.6B), The Walt Disney Company (P/E 23.3×; EV/EBITDA 10.0×; ROIC 6.4 %; $195B), Netflix, Inc. (P/E 18.0×; EV/EBITDA 7.3×; ROIC 26.6 %; $260B).
Expensive or cheap against its last 8 years?
P/E at each close: today 13.3× · median 13.6× · minimum 8.2× · maximum 26.3× · cheap below 11.9× · expensive above 16.6×. It has been cheaper than today only 45% of the time over its last 8 years.
Dividend
solid · Yield 1.0 % ($0.67 per share in 2026) · Years raising it 4 · 5-year growth +4 % a year · Free cash flow coverage 7.0× · With $1,000 invested today you'd collect $10.20 a year ($0.85 a month).
Kaplio's reading: Fox Corporation
Updated on November 2, 2026 · accounts published on August 6, 2026
Reading of October 30, 2026: A profitable media business with high returns on capital and little debt
Fox trades at a P/E of 16.5 over the last 12 months, 13 % below its sector median of 19.1 but 20 % above its own ten-year median of 13.8.
- Is Fox expensive or cheap? Fox's P/E of 16.5 is 20 % above its ten-year median of 13.8 and higher than in 79 % of the last decade.
- How is the business doing? Revenue grew 5.1 % in the last fiscal year, but EPS fell 21 %; ROIC of 14.1 % is 8.4 points above the sector.
- How strong is the balance sheet? Net debt was 0.8× EBITDA in fiscal 2026, well below the 3.0× that is tolerable for media companies.
- What to expect from the next earnings? Fox reports on November 2, 2026; analysts expect EPS of $2.02 after 8 straight quarters of beats.
- Does the dividend fit within the cash Fox generates? The dividend took 19.6 % of Fox's fiscal 2026 free cash flow, far below the 80 % healthy ceiling for media.
Is Fox expensive or cheap?
Over the last 12 months Fox trades at a P/E of 16.5, 20 % above its ten-year median of 13.8 and higher than in 79 % of the last decade, which ranged from 8.2 to 26.3. Against its peers the picture reverses: the sector median P/E is 19.1 across 81 companies, so Fox sits 13 % below the sector. Cash-based measures look friendlier than earnings. EV/EBITDA of 7.4× is below its five-year average of 8.0×, and the free cash flow yield over the last 12 months is 12 %. The stock is down 3 % over 12 months and 17 % below its 52-week high of $76.11.
How is the business doing?
Revenue rose 5.1 % in the last published fiscal year, but EPS fell 21 %, so the growth did not reach the bottom line. Margins remain close to their history: the operating margin is 21.5 % over the last 12 months, against a 2016-2026 average of 20.6 %, after a weaker 19.5 % in fiscal 2026. Returns are where Fox stands out. ROIC of 14.1 % over the last 12 months is 8.4 points above the sector median of 5.7 % across 121 companies, and it stayed above 10 % in 7 of the last 10 fiscal years. The worst year was 2020, at 9.1 %.
How strong is the balance sheet?
Fox carries little leverage. Net debt was $6.21 per share in fiscal 2026, about 10 % of the current price, and equals 0.8× EBITDA, far below the 3.0× ceiling considered tolerable for media and entertainment. Debt to equity is 0.65 over the last 12 months, and a current ratio of 3.17 means current assets cover short-term liabilities about three times. The Altman Z of 3.1 is in the safe zone and the Piotroski score is 7 of 9. The dividend yields 1.0 % and has risen for 4 consecutive fiscal years, with a payout of only 17 % of fiscal 2026 earnings.
What to expect from the next earnings?
Fox has beaten EPS estimates in each of the last 8 quarters. The latest report, on August 6, 2026, showed EPS of $1.79 against $1.44 expected, a 24 % beat. For the quarter due November 2, 2026, analysts expect EPS of $2.02. Expectations for the year ahead are steady: over the last 30 days the 2027 EPS consensus rose 0.6 %, from $5.97 to $6.01 across 12 analysts, and the 2027 revenue consensus barely moved. Of the 48 analysts covering Fox, 25 recommend buying, 23 holding and none selling. A run of beats this long raises the bar for each new report.
Does the dividend fit within the cash Fox generates?
Media companies are judged differently from telecoms or platforms. They need growth and discipline in content spending more than heavy capex, so the useful tests are revenue growth, EBITDA margin and how much cash is left. Fox passes most of them. Revenue per share grew 12.1 % a year over fiscal 2023-2026, double the 6 % healthy threshold, and capex took just 2.9 % of fiscal 2026 revenue, against a 12 % ceiling. The free cash flow yield on fiscal 2026 cash is 5.4 %, just above the 5 % bar. The weak point is the 17.3 % EBITDA margin in fiscal 2026, short of the healthy 20 %.
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 Peter Lynch approve Fox today?
The Lynch Method would wait for a better price for Fox. Business quality: 100 out of 100 (price not included). Lynch classifies it as a stalwart. Kaplio assessment with data from the week of November 2, 2026; not investment advice.
Profitability
| Return on Equity | 17.65% |
| Return on Invested Capital | 14.99% |
| Return on Assets | 8.79% |
| Gross Margin | 34.11% |
| Operating Margin | 22.96% |
| Net Margin | 11.30% |
Financial Health
| Debt / Equity | 0.53 |
| Current Ratio | 3.79 |
| Piotroski F-Score | 7 |
| Altman Z-Score | 3.09 |
Price Performance
| 1 month | +1.54% |
| 3 months | +7.77% |
| Year-to-date | -13.45% |
| 1 year | -0.60% |
| 3 years | +98.74% |
| 5 years | +53.01% |
Dividend History
Paid in the last 12 months: $0.57 per share in 2 payments.
| Date | Amount |
|---|---|
| September 2, 2026 | $0.29 |
| March 4, 2026 | $0.28 |
| September 3, 2025 | $0.28 |
| March 5, 2025 | $0.27 |
| September 4, 2024 | $0.27 |
| March 5, 2024 | $0.26 |
| August 29, 2023 | $0.26 |
| February 28, 2023 | $0.25 |
| August 30, 2022 | $0.25 |
| March 1, 2022 | $0.24 |
Amounts adjusted for stock splits.
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Explore sector: Communication Services · Entertainment
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