Question 1

What is Warner Bros. Discovery's P/E ratio?

Accepted Answer

Warner Bros. Discovery (WBD) P/E ratio is 94.7× as of May 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for Warner Bros. Discovery?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For Warner Bros. Discovery specifically, the relevant sector benchmark is the current sector median of 21.9×.

Question 5

Is Warner Bros. Discovery's P/E ratio high or low?

Accepted Answer

Warner Bros. Discovery's P/E ratio of 94.7× is above its own 5-year average of 40.4× and above the sector median of 21.9×. That places the current reading at the 76th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Warner Bros. Discovery's historical P/E ratio range?

Accepted Answer

In the available daily series, Warner Bros. Discovery (WBD) P/E ratio has ranged from a low of 4.9× in 2020 to a high of 287.9× in 2007. The 5-year average is 40.4× and the 5-year median is 13.1×.

Question 7

What was Warner Bros. Discovery's P/E ratio in 2025?

Accepted Answer

Warner Bros. Discovery (WBD) P/E ratio at the end of 2025 was 98.1×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

Why does Warner Bros. Discovery's P/E ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$71.3B	$727M	98.1×	—	Dec 31, 2025
2024	$25.9B	-$11.3B	—	—	Dec 31, 2024
2023	$27.7B	-$3.13B	—	—	Dec 31, 2023
2022	$23B	-$7.37B	—	—	Dec 31, 2022
2021	$12B	$1.01B	12.0×	-0.1×	Dec 31, 2021
2020	$14.7B	$1.22B	12.1×	+3.7×	Dec 31, 2020
2019	$17.3B	$2.07B	8.3×	-13.5×	Dec 31, 2019
2018	$13B	$594M	21.8×	—	Dec 31, 2018
2017	$8.53B	-$337M	—	—	Dec 31, 2017
2016	$10.8B	$1.19B	9.0×	-2.0×	Dec 31, 2016
2015	$11.4B	$1.03B	11.0×	-2.3×	Dec 31, 2015
2014	$15.2B	$1.14B	13.4×	-0.7×	Dec 31, 2014
2013	$15.1B	$1.08B	14.0×	+2.1×	Dec 31, 2013
2012	$11.2B	$943M	11.9×	+5.0×	Dec 31, 2012
2011	$7.85B	$1.13B	6.9×	-11.8×	Dec 31, 2011
2010	$12.3B	$653M	18.8×	+2.3×	Dec 31, 2010
2009	$9.09B	$553M	16.4×	+3.3×	Dec 31, 2009
2008	$4.15B	$317M	13.1×	—	Dec 31, 2008
2007	$7.34B	-$68.9M	—	—	Dec 31, 2007
2006	$4.7B	-$46M	—	—	Dec 31, 2006
2005	$4.42B	$33.3M	132.9×	+62.8×	Dec 31, 2005
2004	$5.26B	$75M	70.1×	—	Dec 31, 2004


Live Nation Entertainment (LYV)	423.6×
Omnicom Group (OMC)	244.9×
DoorDash (DASH)	70.7×
Roku (ROKU)	69.3×
TKO Group Holdings (TKO)	68.9×
Telephone and Data Systems (TDS)	36.5×
Reddit (RDDT)	36.4×
Pinterest (PINS)	34.9×
Spotify (SPOT)	31.5×
T-Mobile US (TMUS)	21.9×
Netflix (NFLX)	21.9×
Meta (META)	20.5×
Walt Disney (DIS)	14.5×
Fox (FOXA)	14.5×
News (NWSA)	13.1×
Verizon (VZ)	12.2×
Match Group (MTCH)	11.2×
John Wiley & Sons (WLY)	9.7×
Versant Media Group, Inc. Class A (VSNT)	6.3×
Comcast (CMCSA)	5.5×
Charter Communications (CHTR)	5.5×

P/E Ratio for Warner Bros. Discovery (WBD) 2004-2026

P/E Ratio daily chart for Warner Bros. Discovery (WBD)

Historical P/E Ratio for Warner Bros. Discovery (WBD) from 2004 to 2025

About P/E Ratio at Warner Bros. Discovery (WBD)

Warner Bros. Discovery P/E Ratio by Year

Warner Bros. Discovery P/E Ratio 2025: 98.1×

Warner Bros. Discovery P/E Ratio 2021: 12.0×

Warner Bros. Discovery P/E Ratio 2020: 12.1×

Warner Bros. Discovery P/E Ratio 2019: 8.3×

Warner Bros. Discovery P/E Ratio 2018: 21.8×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Warner Bros. Discovery (WBD) Key Financials