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Walt Disney Company

Walt Disney Company

DIS · NYSE · Media & Entertainment

The Walt Disney Company is one of the world’s leading entertainment and media businesses, with operations spanning film, television, streaming, sports, theme parks, resorts, cruises, consumer products, licensing, and…

Current price

$108.51

▼ −$0.07 (0.06%) today

Share price

Live market data
▼ -1.76 (-1.60%)2025-10-13 — 2026-10-14
$118.10$112.68$107.25$101.82$96.39$90.972025-10-132026-10-14

ET&A View

We have not published a view on Walt Disney Company yet.

The financial summary below is still available.

Business Health

Is the business financially healthy?

Yes — healthy

Earnings and cash generation stand out.

Overall

Strong
  • Revenue

    $98.9bn · ↑ +3% last year

    Growth Average
  • Earnings

    $8.6bn · ↑ +149% last year

    Growth Excellent
  • Margins

    Keeps 19% of sales as operating profit

    Good
  • Cash generation

    $10.1bn spare cash a year · 10% of sales

    Strong
  • Balance sheet

    Debt ≈ 1.9 years of earnings

    Good
  • Dividend

    1.4% yield · Pays out 31% of earnings · covered 3.2×

    Yield Below Average

Investor View

More on Walt Disney Company

Open a section for the detail behind the quick view.

How it compares with peersOther companies we cover in Media & Entertainment.

We don’t cover another company in this sector yet.

Compare Walt Disney Company with any company → The model’s own peer calculations are in the Research View.

What the company doesThe full company profile.

The Walt Disney Company is one of the world’s leading entertainment and media businesses, with operations spanning film, television, streaming, sports, theme parks, resorts, cruises, consumer products, licensing, and live experiences. The company owns some of the most valuable entertainment franchises globally, including Disney, Pixar, Marvel, Star Wars, National Geographic, ESPN, ABC, Hulu, and Disney+.

Disney’s strength comes from its intellectual property, global brand recognition, creative studios, distribution platforms, and ability to monetise characters and stories across multiple channels. Its content can move from cinema to streaming, merchandise, theme parks, games, cruises, and live entertainment, giving the company a powerful ecosystem around family entertainment, sports, and experiences. As media consumption shifts toward streaming and consumers continue to spend on travel and experiences, Disney remains one of the most important companies in global entertainment.

Media & Entertainment · USA

Research ViewOpen the full researchFull financial statements, valuation multiples, historical data, forecasts, methodology, scoring calculations and the valuation model.

For detailed analysis. Each section opens on its own.

Financial statementsEvery published figure with its source, the market snapshot and connected sheets.

Income

Revenue
$98.9bn
Gross profit
$37.2bn
EBITDA
$21.0bn
Operating profit (EBIT)
$13.8bn
Net income
$8.6bn
Earnings per share (EPS)
$4.85

Growth

Revenue growth, latest year
3.4%
Revenue growth, 3-year average
4.5%
Earnings growth, latest year
149.5%
Earnings growth, 3-year average
58.0%
Revenue growth, latest quarter vs a year earlier
6.8%
Earnings growth, latest quarter vs a year earlier
−48.3%

Margins & returns

Gross margin
37.6%
EBITDA margin
21.2%
Operating margin
19.3%
Net margin
8.7%
Return on equity (ROE)
8.0%
Return on assets (ROA)
4.8%

Cash flow

Operating cash flow
$17.0bn
Free cash flow
$10.1bn
Free-cash-flow margin
10.2%
Free cash flow ÷ net income
1.2×

Balance sheet

Cash
$5.2bn
Total debt
$46.0bn
Net debt
$40.9bn
Net debt ÷ EBITDA
1.9×
Debt ÷ equity
0.4×
Current ratio
0.7×

Shares & dividends

Shares outstanding
1.73bn
Market capitalisation
$188.2bn
Dividend per share
$1.50
Dividend yield
1.4%
Payout ratio
30.9%
  • Market data — the live feed (Yahoo Finance)
  • Calculated — worked out by ET&A from the figures shown, using the formulas in our methodology

Other published figures

Price / Sales
Members
EV / EBITDA
Members
Price / Book
Members
Forward P/E
Members
Valuation ratios (P/E, P/S, P/B, EV/EBITDA) are part of ET&A membership — view plans.

Market data

Live
Price$108.51
Day−$0.07 (−0.06%)
52-week range$92.42 – $116.65
vs 52-week low+17.41%
vs 52-week high−6.98%

As of 14 October 2026

P/E Ratio
22.47x
Valuation multiplesP/E, forward P/E, EV/EBITDA, Price/Sales and FCF yield — today and at Fair Value.

Standard ways of comparing the share price with the company’s earnings, sales and cash. Tap the “i” for what each one means.

MeasureTodaySource
P/EMembers
Forward P/EMembers
EV/EBITDAMembers
Price/SalesMembers
FCF YieldMembers

Valuation ratios are part of ET&A membership.

Other published measures

Price / Book
Members
Historical dataValuation history, how our view has changed, and the share-price history.

Share-price history

Use the 5Y and Max ranges on the price chart at the top of the page.

ForecastsWhat analysts expect — market consensus, not ET&A estimates.

Forecasts

Forward EPS (next year, consensus)
$7.47
Expected EPS growth, next year
16.8%
Expected revenue growth, next year
7.5%

Forecasts are market consensus or calculated from forward EPS — not ET&A estimates, and they can be wrong.

MethodologyHow ET&A values a company and reaches a view.

How we value Walt Disney Company

  1. 1. The right method for the business. Each business is valued on the method that suits its economics — earnings for most companies, book value and returns for banks and insurers, cash flows or dividends where earnings mislead.
  2. 2. What the business deserves. ET&A builds a fair multiple from the company's own quality, sustainable growth, earnings predictability and risk. History, peers and the market are checked against it, but they don't set it.
  3. 3. Fair Value. The earnings (or other basis) per share multiplied by that fair multiple, cross-checked against independent methods.
  4. 4. Preferred Entry. A price below Fair Value that leaves room for the return ET&A requires for the company's risk.
  5. 5. Is it expensive? Today’s price is placed on ET&A’s Valuation Attractiveness scale — the same measure the ET&A Score uses. Cheap is the Preferred Entry; above Fair Value the shares are Expensive, and Very Expensive once they are more than 25% above it.
Scoring calculationsBehind the ET&A Score and the Business Health ratings.

Behind the ET&A Score

The automatic, rules-based scores that feed our research. The ET&A Score blends these with our own analysis of the business and its value. How the framework works →

ET&A Quant Score

6.2/ 10Favourable

Profitable · Sound · Positive

Profitability & margins · Profitable6.2
Balance sheet · Sound5.6
Price momentum · Positive6.9

Context — not part of the score

  • Valuation multiplesFairly priced
  • Share-price steadinessHigh volatility
  • IncomeLow yield

Valuation and share-price swings describe the shares, not the company, so they are judged in the ET&A Score and View instead.

Annualised volatility
Members
Max drawdown (1y)
Members
12-month return
Members
3-month return
Members
P/E
Members
Price / Sales
Members
EV / EBITDA
Members
EBITDA margin
Members
Net debt / EBITDA
Members
Dividend yield
Members
The detailed figures behind these scores — price swings, past falls, returns, valuation and margins — are part of ET&A membership. View plans

Based on the factors that could be measured (45% of the model).

Business Health ratings

Each area is scored from 0 to 10 on ET&A’s methodology scales — the same ones our research uses — then given a word: Excellent from 8.5, Strong from 7, Good from 5.5, Average from 4.5, Below Average from 3, Weak below 3. The overall answer is the average of the areas we could rate (at least three); the dividend isn’t part of it.

AreaBased onScoreRating
Revenue
  • Revenue growth, 3-year average 4.5% → 5.4

Rated on 3-year average revenue growth, on ET&A's growth scale.

5.4 / 10Average
Earnings
  • Earnings growth, 3-year average 58.0% → 10.0

Rated on 3-year average earnings growth, on ET&A's growth scale.

10.0 / 10Excellent
Margins
  • Operating margin 19.3% → 6.9
  • Net margin 8.7% → 5.2

The average of operating and net margin, each scored on ET&A's margin scales. A negative margin scores 1 (Weak).

6.1 / 10Good
Cash generation
  • Free-cash-flow margin 10.2% → 7.5

Free cash flow as a share of sales, on ET&A's cash-generation scale.

7.5 / 10Strong
Balance sheet
  • Net debt ÷ EBITDA 1.9× → 6.6

Net debt ÷ EBITDA — roughly how many years of operating earnings would repay the debt — on ET&A's leverage scale.

6.6 / 10Good
Dividend
  • Dividend yield 1.4% → 3.8

Dividend yield on ET&A's income scale. Not part of the overall health rating.

3.8 / 10Below Average
OverallAverage of the 5 rated areas7.1 / 10Strong

ET&A's scales

Where each band starts on the scales above. They are fixed and identical for every company we cover; they come straight from ET&A’s methodology, so a company is judged the same way here as in our research.

MeasureExcellentStrongGoodAverageBelow AverageWeak
GrowthStructural Growth (Fundamental Conviction)18%+10%+5.0%+1.7%+−2.5%+below −2.5%
Operating marginCompetitive Position (Fundamental Conviction)29%+20%+13%+7.5%+0%+below 0% (loss)
Net marginEarnings Durability (Fundamental Conviction)23%+15%+9.8%+6.0%+0%+below 0% (loss)
Free-cash-flow marginCapital Allocation (Fundamental Conviction)15%+8.5%+3.8%+1.3%+−2.5%+below −2.5%
Net debt ÷ EBITDAStructural Risk (Fundamental Conviction)net cash≤ 1.5×≤ 2.8×≤ 3.6×≤ 5.0×above 5.0×
Return on equity (banks & insurers)Bank and insurer quality16%+12%+9.0%+6.7%+2.7%+below 2.7%
Equity ÷ assetsBank capital7.5%+6.0%+4.7%+4.0%+any—
Dividend yieldIncome factor (ET&A Quant Score)5.8%+4.0%+2.5%+1.8%+1.0%+below 1.0%

Band floors: Excellent 8.5 · Strong 7 · Good 5.5 · Average 4.5 · Below Average 3 (scores out of 10). Utilities and property companies’ structural debt is scored 6.5, as in ET&A’s risk model.

Research notesNo research notes published yet.

No research notes have been published for Walt Disney Company yet.

Need deeper analysis on Walt Disney Company? ET&A Professional includes full company notes, valuations and models — or commission bespoke research.

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