Basis: Current FMP quote-based enterprise value / four-quarter operating cash flow less absolute capital expenditures. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the EV/FCF ratio high or low?
The EV/FCF ratio of 48.52x is 133% above its estimated 5-year average of 20.86x, near the high end of its estimated 5-year range (7.58x–53.18x).
As of 2026-09-24T00:16:33.729Z. 57.53% above its estimated 12-month average of 30.80x.
Calculation as of: 2026-09-24T00:16:33.729Z.
Quote observation: 2026-09-23T20:00:00.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: c2a11dbdfc584cfb9a7062a4897815872ac3b440bdcea65594f600ba51ef1d81
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation. Historical series through 2026-09-09.
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation.
EV/FCF RATIO
48.52x
EV/FCF RATIO AVG TTM
30.80x
EV/FCF RATIO AVG 3Y
16.62x
EV/FCF RATIO AVG 5Y
20.86x
EV/FCF RATIO AVG 10Y
16.19x
EV/FCF RATIO AVG 15Y
20.55x
EV/FCF RATIO AVG 20Y
22.49x
CURRENT VS TTM AVG
+57.53%
CURRENT VS 3Y AVG
+191.93%
CURRENT VS 5Y AVG
+132.65%
CURRENT VS 10Y AVG
+199.67%
CURRENT VS 15Y AVG
+136.15%
CURRENT VS 20Y AVG
+115.79%
SECTOR MEDIAN · COMMUNICATION SERVICES
23.22x
median of 29 covered companies
CURRENT VS SECTOR MEDIAN
+108.96%
vs the sector median at left
Warner Bros. Discovery, Inc.
Market Cap
$77.12B
EV/FCF Ratio
48.52x
TTM Avg
30.80x
3Y Avg
16.62x
5Y Avg
20.86x
Market Cap
$80.02B
EV/FCF Ratio
7.96x
TTM Avg
9.47x
3Y Avg
16.29x
5Y Avg
17.65x
Market Cap
$104.93B
EV/FCF Ratio
25.90x
TTM Avg
32.26x
3Y Avg
80.37x
5Y Avg
178.30x
Market Cap
$39.34B
EV/FCF Ratio
30.22x
TTM Avg
52.79x
3Y Avg
40.25x
5Y Avg
32.65x
| NAME | MARKET CAP | EV/FCF RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Warner Bros. Discovery, Inc. (WBD) | $77.12B | 48.52x | 30.80x | 16.62x | 20.86x |
| Comcast Corporation (CMCSA)vs › | $80.02B | 7.96x | 9.47x | 16.29x | 17.65x |
| DoorDash, Inc. (DASH)vs › | $82.47B | 35.60x | 46.80x | 42.89x | 106.57x |
| Spotify Technology S.A. (SPOT)vs › | $104.93B | 25.90x | 32.26x | 80.37x | 178.30x |
| Live Nation Entertainment, Inc. (LYV)vs › | $39.34B | 30.22x | 52.79x | 40.25x | 32.65x |
| Reddit, Inc. (RDDT)vs › | $29.26B | 27.28x | 59.16x | 140.19x | 140.19x |
| Fox Corporation (FOXA)vs › | $28.05B | 8.97x | 11.93x | 14.38x | 14.04x |
| Roku, Inc. (ROKU)vs › | $22.77B | 25.75x | 29.45x | 42.43x | 58.39x |
| Omnicom Group Inc. (OMC)vs › | $20.71B | 12.05x | 9.46x | 14.61x | 16.25x |
| News Corporation (NWSA)vs › | $15.78B | 15.46x | 22.93x | 22.99x | 21.70x |
EV/FCF
48.5x
P/FCF
35.4x
FCF Yield
2.83%
Formula: EV/FCF = Enterprise Value / Free Cash Flow
EV/FCF vs P/FCF:
EV/FCF = Enterprise Value / Free Cash Flow (TTM)
Enterprise value to free cash flow compares total company value to the cash the business generates after capital expenditures.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | EV/FCF RATIO |
|---|---|
| 2026-09-09 | 46.11x |
| 2026-09-08 | 46.36x |
| 2026-09-04 | 46.51x |
| 2026-09-03 | 46.65x |
| 2026-09-02 | 46.68x |
| 2026-09-01 | 46.60x |
| 2026-08-31 | 46.84x |
| 2026-08-28 | 47.13x |
| 2026-08-27 | 47.26x |
| 2026-08-26 | 47.10x |
| 2026-08-25 | 47.28x |
| 2026-08-24 | 47.04x |
| 2026-08-21 | 46.87x |
| 2026-08-20 | 46.49x |
| 2026-08-19 | 46.84x |
| 2026-08-18 | 46.78x |
| 2026-08-17 | 46.13x |
| 2026-08-14 | 46.21x |
| 2026-08-13 | 45.92x |
| 2026-08-12 | 45.80x |
| 2026-08-11 | 45.12x |
| 2026-08-10 | 44.88x |
| 2026-08-07 | 44.78x |
| 2026-08-06 | 41.12x |
| 2026-08-05 | 40.66x |
| 2026-08-04 | 40.46x |
| 2026-08-03 | 40.79x |
| 2026-07-31 | 41.01x |
| 2026-07-30 | 40.12x |
| 2026-07-29 | 40.30x |
| 2026-07-28 | 40.27x |
| 2026-07-27 | 39.91x |
| 2026-07-24 | 40.44x |
| 2026-07-23 | 40.64x |
| 2026-07-22 | 40.53x |
| 2026-07-21 | 40.51x |
| 2026-07-20 | 40.54x |
| 2026-07-17 | 41.63x |
| 2026-07-16 | 42.08x |
| 2026-07-15 | 42.06x |
| 2026-07-14 | 42.29x |
| 2026-07-13 | 41.87x |
| 2026-07-10 | 41.33x |
| 2026-07-09 | 41.37x |
| 2026-07-08 | 40.85x |
| 2026-07-07 | 40.82x |
| 2026-07-06 | 40.82x |
| 2026-07-02 | 41.21x |
| 2026-07-01 | 41.56x |
| 2026-06-30 | 41.40x |
| 2026-06-29 | 41.91x |
| 2026-06-26 | 41.49x |
| 2026-06-25 | 41.75x |
| 2026-06-24 | 41.98x |
| 2026-06-23 | 41.64x |
| 2026-06-22 | 41.71x |
| 2026-06-18 | 40.91x |
| 2026-06-17 | 40.95x |
| 2026-06-16 | 41.34x |
| 2026-06-15 | 41.59x |
| 2026-06-12 | 41.75x |
| 2026-06-11 | 41.62x |
| 2026-06-10 | 40.94x |
| 2026-06-09 | 41.29x |
| 2026-06-08 | 41.20x |
| 2026-06-05 | 40.95x |
| 2026-06-04 | 41.77x |
| 2026-06-03 | 41.77x |
| 2026-06-02 | 41.96x |
| 2026-06-01 | 42.04x |
| 2026-05-29 | 41.78x |
| 2026-05-28 | 41.81x |
| 2026-05-27 | 41.92x |
| 2026-05-26 | 41.77x |
| 2026-05-22 | 41.80x |
| 2026-05-21 | 41.88x |
| 2026-05-20 | 42.22x |
| 2026-05-19 | 41.87x |
| 2026-05-18 | 41.88x |
| 2026-05-15 | 41.75x |
| 2026-05-14 | 41.90x |
| 2026-05-13 | 42.04x |
| 2026-05-12 | 41.98x |
| 2026-05-11 | 42.03x |
| 2026-05-08 | 41.89x |
| 2026-05-07 | 41.90x |
| 2026-05-06 | 31.35x |
| 2026-05-05 | 31.37x |
| 2026-05-04 | 31.16x |
| 2026-05-01 | 31.16x |
| 2026-04-30 | 31.23x |
| 2026-04-29 | 31.23x |
| 2026-04-28 | 31.15x |
| 2026-04-27 | 31.04x |
| 2026-04-24 | 31.25x |
| 2026-04-23 | 31.11x |
| 2026-04-22 | 31.46x |
| 2026-04-21 | 31.44x |
| 2026-04-20 | 31.53x |
| 2026-04-17 | 31.57x |
| 2026-04-16 | 31.51x |
| 2026-04-15 | 31.35x |
| 2026-04-14 | 31.49x |
| 2026-04-13 | 31.51x |
| 2026-04-10 | 31.55x |
| 2026-04-09 | 31.62x |
| 2026-04-08 | 31.64x |
| 2026-04-07 | 31.49x |
| 2026-04-06 | 31.52x |
| 2026-04-02 | 31.45x |
| 2026-04-01 | 31.59x |
| 2026-03-31 | 31.57x |
| 2026-03-30 | 31.26x |
| 2026-03-27 | 31.25x |
| 2026-03-26 | 31.25x |
| 2026-03-25 | 31.37x |
| 2026-03-24 | 31.42x |
| 2026-03-23 | 31.52x |
| 2026-03-20 | 31.53x |
| 2026-03-19 | 31.70x |
| 2026-03-18 | 31.48x |
| 2026-03-17 | 31.71x |
| 2026-03-16 | 31.61x |
| 2026-03-13 | 31.30x |
| 2026-03-12 | 31.54x |
| 2026-03-11 | 31.85x |
| 2026-03-10 | 31.81x |
| 2026-03-09 | 31.80x |
| 2026-03-06 | 31.97x |
| 2026-03-05 | 32.01x |
| 2026-03-04 | 31.97x |
| 2026-03-03 | 32.17x |
| 2026-03-02 | 32.42x |
| 2026-02-27 | 24.09x |
| 2026-02-26 | 24.47x |
| 2026-02-25 | 24.53x |
| 2026-02-24 | 24.68x |
| 2026-02-23 | 24.54x |
| 2026-02-20 | 24.44x |
| 2026-02-19 | 24.31x |
| 2026-02-18 | 24.46x |
| 2026-02-17 | 24.44x |
| 2026-02-13 | 23.98x |
| 2026-02-12 | 24.06x |
| 2026-02-11 | 23.98x |
| 2026-02-10 | 23.87x |
| 2026-02-09 | 23.52x |
| 2026-02-06 | 23.61x |
| 2026-02-05 | 23.25x |
| 2026-02-04 | 23.41x |
| 2026-02-03 | 23.50x |
| 2026-02-02 | 23.70x |
| 2026-01-30 | 23.71x |
| 2026-01-29 | 23.75x |
| 2026-01-28 | 23.98x |
| 2026-01-27 | 24.03x |
| 2026-01-26 | 24.13x |
| 2026-01-23 | 24.34x |
| 2026-01-22 | 24.21x |
| 2026-01-21 | 24.31x |
| 2026-01-20 | 24.13x |
| 2026-01-16 | 24.34x |
| 2026-01-15 | 24.28x |
| 2026-01-14 | 24.37x |
| 2026-01-13 | 24.51x |
| 2026-01-12 | 24.23x |
| 2026-01-09 | 24.52x |
| 2026-01-08 | 24.18x |
| 2026-01-07 | 24.34x |
| 2026-01-06 | 24.27x |
| 2026-01-05 | 24.31x |
| 2026-01-02 | 24.30x |
| 2025-12-31 | 24.48x |
| 2025-12-30 | 24.55x |
| 2025-12-29 | 24.46x |
| 2025-12-26 | 24.47x |
| 2025-12-24 | 24.73x |
| 2025-12-23 | 24.68x |
| 2025-12-22 | 24.44x |
| 2025-12-19 | 23.85x |
| 2025-12-18 | 23.76x |
| 2025-12-17 | 24.12x |
| 2025-12-16 | 24.53x |
| 2025-12-15 | 25.01x |
| 2025-12-12 | 25.18x |
| 2025-12-11 | 24.88x |
| 2025-12-10 | 24.91x |
| 2025-12-09 | 24.15x |
| 2025-12-08 | 23.53x |
| 2025-12-05 | 22.84x |
| 2025-12-04 | 21.91x |
| 2025-12-03 | 21.93x |
| 2025-12-02 | 21.91x |
| 2025-12-01 | 21.51x |
| 2025-11-28 | 21.59x |
| 2025-11-26 | 21.52x |
| 2025-11-25 | 20.97x |
| 2025-11-24 | 20.91x |
| 2025-11-21 | 21.09x |
| 2025-11-20 | 20.92x |
| 2025-11-19 | 21.05x |
| 2025-11-18 | 21.40x |
| 2025-11-17 | 20.84x |
| 2025-11-14 | 21.01x |
| 2025-11-13 | 20.48x |
| 2025-11-12 | 20.51x |
| 2025-11-11 | 21.02x |
| 2025-11-10 | 20.98x |
| 2025-11-07 | 20.79x |
| 2025-11-06 | 21.10x |
| 2025-11-05 | 21.31x |
| 2025-11-04 | 21.21x |
| 2025-11-03 | 21.02x |
| 2025-10-31 | 21.12x |
| 2025-10-30 | 20.61x |
| 2025-10-29 | 20.44x |
| 2025-10-28 | 20.22x |
| 2025-10-27 | 20.25x |
| 2025-10-24 | 20.32x |
| 2025-10-23 | 20.38x |
| 2025-10-22 | 19.94x |
| 2025-10-21 | 19.82x |
| 2025-10-20 | 18.58x |
| 2025-10-17 | 18.50x |
| 2025-10-16 | 18.56x |
| 2025-10-15 | 18.66x |
| 2025-10-14 | 18.37x |
| 2025-10-13 | 18.25x |
| 2025-10-10 | 17.83x |
| 2025-10-09 | 18.18x |
| 2025-10-08 | 18.32x |
| 2025-10-07 | 18.75x |
| 2025-10-06 | 19.05x |
| 2025-10-03 | 18.99x |
| 2025-10-02 | 19.15x |
| 2025-10-01 | 19.21x |
| 2025-09-30 | 19.32x |
| 2025-09-29 | 18.91x |
| 2025-09-26 | 19.31x |
| 2025-09-25 | 19.48x |
| 2025-09-24 | 19.50x |
| 2025-09-23 | 19.34x |
| 2025-09-22 | 19.37x |
| 2025-09-19 | 19.20x |
| 2025-09-18 | 18.81x |
| 2025-09-17 | 18.38x |
| 2025-09-16 | 18.54x |
| 2025-09-15 | 19.28x |
| 2025-09-12 | 18.92x |
| 2025-09-11 | 17.26x |
| 2025-09-10 | 15.03x |
| 2025-09-09 | 14.85x |
| 2025-09-08 | 14.91x |
| 2025-09-05 | 14.76x |
| 2025-09-04 | 14.55x |
| 2025-09-03 | 14.65x |
| 2025-09-02 | 14.46x |
| 2025-08-29 | 14.47x |
| 2025-08-28 | 14.73x |
| 2025-08-27 | 14.79x |
Showing the most recent 260 of 4,842 data points. The chart above shows the full history.
