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Fox Corporation (FOX)

NASDAQ / Communication Services / Entertainment

Share price

57.14 USD Market dataClose of Oct 15, 2026

Market capitalisation

25.45B USD Market dataClose of Oct 15, 2026
Market data
Oct 15, 2026
Filed accounts
FY2026, filed Aug 6, 2026
Ratios computed
Oct 15, 2026
Filed years
10, FY2017 to FY2026
Four kinds of sourceSEC filingCompany statementMarket dataComputedWhat each means
SEC filingFiled with the SEC
Read from a statement the company filed with the SEC, with the form, fiscal year, filing date and accession beside it.
Company statementCompany statement
What the company says about itself in a filing: an 8-K item, the auditor, its own segment names.
Market dataMarket data
Prices, market value and what analysts publish, with the date they are as of.
ComputedComputed by ValueScreener
Worked out by us from the other three, with the inputs and the formula one press away. A score is a research output, not a rating or a recommendation.
Reading

1 of 10

Overview

What the business is, what it costs, and how it reads on four questions.

Market dataSEC filingComputed

Four questions, at a glance

Quality

Return on equity

14.8% Computed

From the FY2026 filing

Read quality

Valuation

Price to earnings

14.61x Computed

FY2026 accounts, priced at the latest close

Read valuation

Cash generation

Free cash flow yield

5.8% Computed

FY2026 accounts, priced at the latest close

Read cash generation

Revenue and net income, as filed

FY2017 Revenue: 9.92B USDFY2017 Net income: 1.41B USDFY2018 Revenue: 10.15B USDFY2018 Net income: 2.23B USDFY2019 Revenue: 11.39B USDFY2019 Net income: 1.64B USDFY2020 Revenue: 12.30B USDFY2020 Net income: 1.06B USDFY2021 Revenue: 12.91B USDFY2021 Net income: 2.20B USDFY2022 Revenue: 13.97B USDFY2022 Net income: 1.23B USDFY2023 Revenue: 14.91B USDFY2023 Net income: 1.25B USDFY2024 Revenue: 13.98B USDFY2024 Net income: 1.55B USDFY2025 Revenue: 16.30B USDFY2025 Net income: 2.29B USDFY2026 Revenue: 17.13B USDFY2026 Net income: 1.73B USD
Revenue Net income10 filed fiscal years, from the annual reports; the table in Filings names each document.
Named tests met
1 of 30 Which tests
The business, and the score behind its five axes

The reading, in brief

Is it cheap

Price to earnings is 14.61x at the close of 2026-10-15 on FY2026 figures; the lines are 15.00x (Graham's defensive ceiling) and, by market convention, 10.00x, 25.00x and 40.00x, and this sits between 10.00x and 15.00x.

Today, against the Communication Services sector (108 companies), 14.61x sits at the 41st percentile; the middle half of that group runs from 7.82x to 41.28x.

Is it good

Return on equity was 14.8% in FY2026, in the band labelled "Ordinary" (8.0% to 15.0%), on lines anchored on Damodaran's cost-of-capital data.

Today, against the Entertainment industry (37 companies), 14.8% sits at the 86th percentile; the middle half of that group runs from -25.3% to 10.3%.

Is it safe

Current ratio was 3.17 in FY2026, in the band labelled "At or above Graham's requirement" (2.00 and above), on lines anchored on Graham's defensive-investor criteria, suggesting short-term assets well above short-term obligations.

Today, against the Entertainment industry (43 companies), 3.17 sits at the 99th percentile; the middle half of that group runs from 0.47 to 1.44.

Year by year against peers
Whether Fox Corporation's return on equity stayed above the median of the Entertainment industry, year by year. (FY2017 to FY2025, 9 fiscal years of Fox Corporation with a comparable figure)
The direction
Which way Fox Corporation's return on equity has moved, and how steadily. (FY2017 to FY2026, 10 filed years of Fox Corporation)
What could explain it
What in Fox Corporation's filed statements could explain the movements. (3 readings drawn from the statement lines Fox Corporation filed)
In one paragraph
One paragraph on Fox Corporation's returns, cash, balance sheet and price. (9 of sixteen figures read for Fox Corporation)

These are FOX’s filed figures. The research desk says what they mean, against peers and its own years, with what to check next.

Research FOXPart of Serious. New accounts start with 30 days of Professional, free, no card.

2 of 10

What changed

The newest filing, what it moved, and when the next one is due.

SEC filingCompany statement

The newest accounts on file are the FY2026 annual report: 10-K, filed Aug 6, 2026, accession 0001628280-26-053960.

3 of 10

Quality

The returns the business earns on its capital, and the margins behind them.

SEC filingComputed

Fox Corporation: returns on capital and margins, each with its source
FigureValue, source and document
Return on invested capital, after tax
Why n/a

The debt total on file was summed from short-term debt, long-term debt and lease obligations, and at least one of those was never captured. An absent term is spent as a zero inside that sum, and this balance sheet does not show the term is empty, so we will not build a leverage ratio, an enterprise value or a return on capital on it, or rank the company on one.

n/a ComputedFY2026 10-K, filed Aug 6, 2026, 0001628280-26-053960
Return on equity14.8% ComputedFY2026 10-K, filed Aug 6, 2026, 0001628280-26-053960
Return on capital employed, pre-tax
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedFY2026 10-K, filed Aug 6, 2026, 0001628280-26-053960
Return on assets7.7% ComputedFY2026 10-K, filed Aug 6, 2026, 0001628280-26-053960
Gross margin
Why n/a

Our archived statements for this filer carry no gross profit line, so there is nothing to compute a gross margin from and trace back to source. That may be because the filer presents no cost of revenue, or because we have not captured the concept. We do not guess which.

n/a ComputedFY2026 10-K, filed Aug 6, 2026, 0001628280-26-053960
Operating margin
Why n/a

No operating income line is filed for this year.

n/a ComputedFY2026 10-K, filed Aug 6, 2026, 0001628280-26-053960
Net margin10.1% ComputedFY2026 10-K, filed Aug 6, 2026, 0001628280-26-053960
FOX 10.1%
NWSA 6.3%FWONK 12.4%P 5.1%ROKU 1.9%LYV 2.0%
1.9%12.4%
Net margin: FOX against the 5 companies named under Valuation context, each as filed for its own latest year. Placement only: no average is drawn.

4 of 10

Financial strength

What it owes against what it owns, and whether it can meet what falls due.

SEC filingComputedCompany statement

Fox Corporation: leverage, liquidity and distress, each with its source
FigureValue, source and document
Debt to equity
Why n/a

The debt total on file was summed from short-term debt, long-term debt and lease obligations, and at least one of those was never captured. An absent term is spent as a zero inside that sum, and this balance sheet does not show the term is empty, so we will not build a leverage ratio, an enterprise value or a return on capital on it, or rank the company on one.

n/a ComputedFY2026 10-K, filed Aug 6, 2026, 0001628280-26-053960
Current ratio3.17 ComputedFY2026 10-K, filed Aug 6, 2026, 0001628280-26-053960
Quick ratio2.99 ComputedFY2026 10-K, filed Aug 6, 2026, 0001628280-26-053960
Interest coverage
Why n/a

No operating income line is filed for this year.

n/a ComputedFY2026 10-K, filed Aug 6, 2026, 0001628280-26-053960
Altman Z-score
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Aug 6, 2026, 0001628280-26-053960
Net debt
Why n/a

The FY2026 balance sheet carries no net debt we could read.

n/a ComputedFY2026 10-K, filed Aug 6, 2026, 0001628280-26-053960
Total assets 22.48BTotal liabilities 10.75BShareholders' equity 11.63BOwnsOwes, and equity
Total assets Total liabilities Shareholders’ equity
The balance sheet, line by line

Financial health

What Fox Corporation owned and owed at the end of fiscal 2026, from the balance sheet it filed (10-K, filed Aug 6, 2026, 0001628280-26-053960).

Fox Corporation: balance sheet position
Total assets22.48B FiledFY2026 10-K, filed Aug 6, 2026
Total liabilities10.75B FiledFY2026 10-K, filed Aug 6, 2026
Shareholders' equity11.63B FiledFY2026 10-K, filed Aug 6, 2026
Cash4.21B FiledFY2026 10-K, filed Aug 6, 2026
Total debtn/a FiledFY2026 10-K, filed Aug 6, 2026
Net debtn/a
Current ratio3.17
Debt to equityn/a
  • Debt to equity: FY2026: The debt total on file was summed from short-term debt, long-term debt and lease obligations, and at least one of those was never captured. An absent term is spent as a zero inside that sum, and this balance sheet does not show the term is empty, so we will not build a leverage ratio, an enterprise value or a return on capital on it, or rank the company on one.
  • Interest cover: FY2026: No operating income line is filed for this year.

Read from the filed balance sheet for each year, with the income statement of the same year supplying operating profit where a ratio needs it. Nothing here is a view on whether this company is sound.

5 of 10

Valuation context

What the market charges for it, against its own record and companies like it.

Market dataSEC filingComputed

Fox Corporation: what the market charges, each with its source
FigureValue, source and document
Price to earnings14.61x ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Aug 6, 2026, 0001628280-26-053960
P/E on trailing twelve months14.50x ComputedClose of Oct 15, 2026 · Trailing four quarters, each as known on the day; the quarterly filings are listed under Filings
Price to book2.16x ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Aug 6, 2026, 0001628280-26-053960
Price to sales1.46x ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Aug 6, 2026, 0001628280-26-053960
Enterprise value to EBIT
Why n/a

The debt total on file was summed from short-term debt, long-term debt and lease obligations, and at least one of those was never captured. An absent term is spent as a zero inside that sum, and this balance sheet does not show the term is empty, so we will not build a leverage ratio, an enterprise value or a return on capital on it, or rank the company on one.

n/a ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Aug 6, 2026, 0001628280-26-053960
Enterprise value to EBITDA
Why n/a

The debt total on file was summed from short-term debt, long-term debt and lease obligations, and at least one of those was never captured. An absent term is spent as a zero inside that sum, and this balance sheet does not show the term is empty, so we will not build a leverage ratio, an enterprise value or a return on capital on it, or rank the company on one.

n/a ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Aug 6, 2026, 0001628280-26-053960
Price to earnings over growth10.14 ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Aug 6, 2026, 0001628280-26-053960
Diluted earnings per share3.84 USD FiledFY2026 10-K, filed Aug 6, 2026, 0001628280-26-053960
Graham number48.27 USD ComputedFY2026 10-K, filed Aug 6, 2026, 0001628280-26-053960

We publish no fair value or price target of our own. Value FOX on your own assumptions in the DCF workbench, starting from the filed figures.

Its own record, and companies like it

Valuation

What the market charges for Fox Corporation today, and the multiples it has carried. No value of ours: the figures are the filings’ and the market’s.

Fox Corporation: valuation
Share price57.14 USD
Market capitalisation25.45B USD
Enterprise value to EBITDAn/a
Graham number48.27 USD
Diluted earnings per share, FY20263.84 USD

Price to earnings on trailing twelve months, a different basis from the fiscal-year P/E above, since May 10, 2019: low 6.15x, median 12.35x, high 18.29x, latest 14.50x. 1,868 trading days with a meaningful ratio. Each close over the trailing twelve months of earnings as known that day: a quarter counts from the day it was filed.

Companies like Fox Corporation

  1. News Corporation (NWSA)Market cap 16.89B USD
  2. Formula One Group (FWONK)Market cap 22.77B USD
  3. Pandora Media, Inc. (P)Market cap 44.45B USD
  4. Roku, Inc. (ROKU)Market cap 20.44B USD
  5. Live Nation Entertainment, Inc. (LYV)Market cap 40.19B USD

Same industry (Entertainment) and size band (Large, 10B to 200B), nearest in market value, net margin and current ratio. Each of those counts equally, by how many of the companies considered sit between the two on it. Closest first: the order is likeness and nothing else.

6 of 10

Cash generation

Whether profit arrives as cash, and what is paid back to shareholders.

SEC filingComputed

Fox Corporation: cash generation and what is paid out, each with its source
FigureValue, source and document
Free cash flow yield5.8% ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Aug 6, 2026, 0001628280-26-053960
Free cash flow1.47B USD ComputedFY2026 10-K, filed Aug 6, 2026, 0001628280-26-053960
Free cash flow margin8.6% ComputedFY2026 10-K, filed Aug 6, 2026, 0001628280-26-053960
Dividend yield1.0% ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Aug 6, 2026, 0001628280-26-053960
Payout ratio16.6% ComputedFY2026 10-K, filed Aug 6, 2026, 0001628280-26-053960
FY2017 Free cash flow: 1.46B USDFY2017 Net income: 1.41B USDFY2018 Free cash flow: 1.10B USDFY2018 Net income: 2.23B USDFY2019 Free cash flow: 2.29B USDFY2019 Net income: 1.64B USDFY2020 Free cash flow: 2.01B USDFY2020 Net income: 1.06B USDFY2021 Free cash flow: 2.15B USDFY2021 Net income: 2.20B USDFY2022 Free cash flow: 1.58B USDFY2022 Net income: 1.23B USDFY2023 Free cash flow: 1.44B USDFY2023 Net income: 1.25B USDFY2024 Free cash flow: 1.50B USDFY2024 Net income: 1.55B USDFY2025 Free cash flow: 2.99B USDFY2025 Net income: 2.29B USDFY2026 Free cash flow: 1.47B USDFY2026 Net income: 1.73B USD
Free cash flow Net incomeProfit that arrives as cash stands level with net income; a gap year after year is worth reading about.

7 of 10

Filings

Every figure, the year it is for and the document it was read from.

SEC filingMarket data

The filed figures

Computed from the accounts this company filed with the SEC and, in a ratio with a price in it, the last close, dated on this page. Every filed figure below carries the fiscal year and the filing date its accounts were read from, and every blank carries the reason it is blank. Nothing here is a view on this company.

Fox Corporation: the eight ratios, with the fiscal year and filing date behind each.
FigureValueYearAs of
14.61xFY2026Oct 15, 2026
2.16xFY2026Oct 15, 2026
n/aFY2026Oct 15, 2026
n/a The debt total on file was summed from short-term debt, long-term debt and lease obligations, and at least one of those was never captured. An absent term is spent as a zero inside that sum, and this balance sheet does not show the term is empty, so we will not build a leverage ratio, an enterprise value or a return on capital on it, or rank the company on one.
5.8%FY2026Oct 15, 2026
n/aFY2026Aug 6, 2026
n/a The debt total on file was summed from short-term debt, long-term debt and lease obligations, and at least one of those was never captured. An absent term is spent as a zero inside that sum, and this balance sheet does not show the term is empty, so we will not build a leverage ratio, an enterprise value or a return on capital on it, or rank the company on one.
1.0%FY2026Oct 15, 2026
n/aFY2026Aug 6, 2026
n/a The debt total on file was summed from short-term debt, long-term debt and lease obligations, and at least one of those was never captured. An absent term is spent as a zero inside that sum, and this balance sheet does not show the term is empty, so we will not build a leverage ratio, an enterprise value or a return on capital on it, or rank the company on one.
3.17FY2026Aug 6, 2026
1.46xFY2026Oct 15, 2026
10.14FY2026Oct 15, 2026
n/aFY2026Oct 15, 2026
n/a We hold no figure here and no stored reason for its absence. The gap is ours, not the company's.
-1.95FY2026Aug 6, 2026
6/9FY2026Aug 6, 2026

The figures are computed from the accounts for fiscal 2026, the newest full year on file. 10 filed fiscal years on record, FY2017 to FY2026, from SEC EDGAR. Prices as of Oct 15, 2026. Ratios recomputed Oct 15, 2026. Two facts, because a recompute is not a fresh quote.

The year and the filing date name the statement each figure’s accounts are read from, and they stand even where the figure itself could not be computed: the line beneath a blank says what that statement did not carry. A figure’s name opens its formula and the filings behind it; a statement that names no SEC filing has no filing date, and reads n/a.

Ten years of filed figures, year by year

Ten years of filed figures

10 filed fiscal years, FY2017 to FY2026, read from the annual reports Fox Corporation filed with the SEC. Each year names its filing. Amounts in USD, as filed.

Fox Corporation: revenue, earnings, free cash flow and returns, by fiscal year, with the filing each year was read from
YearRevenueOperating incomeNet incomeEPS, dilutedFree cash flowOperating marginReturn on equityFiling
FY202617.13B2.68B1.73B3.841.47Bn/a14.8%10-K, Aug 6, 20260001628280-26-053960
FY202516.30B3.46B2.29B4.912.99Bn/a19.2%10-K, Aug 6, 20250001628280-25-038077
FY202413.98B2.51B1.55B3.131.50Bn/a14.5%10-K, Aug 8, 20240001628280-24-036123
FY202314.91B2.08B1.25B2.331.44Bn/a12.1%10-K, Aug 11, 20230001628280-23-029065
FY202213.97B2.07B1.23B2.111.58Bn/a10.9%10-K, Aug 12, 20220001628280-22-022584
FY202112.91B3.31B2.20B3.612.15Bn/a19.8%10-K, Aug 10, 20210001564590-21-043103
FY202012.30B1.83B1.06B1.622.01Bn/a10.5%10-K, Aug 10, 20200001564590-20-038975
FY201911.39B2.43B1.64B2.572.29Bn/a16.5%10-K, Aug 9, 20190001564590-19-031285
FY201810.15B2.21B2.23B3.521.10Bn/a23.2%10-K, Aug 9, 20190001564590-19-031285
FY20179.92B2.26B1.41B2.211.46Bn/a23.1%10-K, Aug 9, 20190001564590-19-031285
  • Revenue, compound annual growth FY2017 to FY2026: 6.3%
  • Earnings, compound annual growth FY2017 to FY2026: 2.3%
  • Earnings per share, compound annual growth FY2017 to FY2026: 6.3%
  • Free cash flow, compound annual growth FY2017 to FY2026: 0.0%

Every figure in this section is a line of a filed annual statement or a ratio of two of them. Nothing here is estimated or smoothed. Earnings per share filed before a share split are put on today's share count, and say so. Nothing here is a verdict on the company.

8 of 10

Risks and guardrails

The accounting screens, the published tests, and the lines you can set to be told.

ComputedCompany statement

Fox Corporation: accounting screens and published tests, each with its source
FigureValue, source and document
Beneish M-score-1.95 ComputedFY2026 10-K, filed Aug 6, 2026, 0001628280-26-053960
Piotroski F-score6/9 ComputedFY2026 10-K, filed Aug 6, 2026, 0001628280-26-053960
Named tests met1 of 30 Computed
Beta0.72 ComputedClose of Oct 15, 2026

The named tests

Of 30 tests value investors published: 1 met, 23 not met, 6 we could not complete. Counts, never a score: a single figure would have to decide that meeting one investor’s criteria and meeting another’s are worth the same.

Which tests, by name(all 30)
Meets
Cash-covered dividend
Does not
Defensive investor (Benjamin Graham); Deep value; Large cap, low P/E; High F-score, low P/B (Joseph Piotroski); Three forensic scores; Low PEG, low debt (Peter Lynch); High returns and growth; Gross margin, turnover (Robert Novy-Marx); High yield, low payout; Dividends and buybacks; Near the 52-week low; Two thirds of NCAV (Benjamin Graham); P/E times P/B (Benjamin Graham); High returns, low debt; Owner earnings yield; High return on tangibles; Low P/S, rising earnings (James O'Shaughnessy); Book or below, low debt (Walter Schloss); Tangible book or below; Clean books, high ROIC; Cheapest quarter on P/E (David Dreman); Cheapest quarter on P/B (David Dreman); Low P/E, growth, yield (John Neff)
Not measured
Earnings yield and ROIC (Joel Greenblatt); EV/EBITDA and coverage; Low beta, profitable; ROIC at or above WACC; Z-score and coverage (Edward Altman); Cash-flow yield and ROIC. A test with a figure we could not read is incomplete, never met and never failed.
Figures we could not read(8)
  • Debt to Equity: The debt total on file was summed from short-term debt, long-term debt and lease obligations, and at least one of those was never captured. An absent term is spent as a zero inside that sum, and this balance sheet does not show the term is empty, so we will not build a leverage ratio, an enterprise value or a return on capital on it, or rank the company on one.
  • EV/EBIT: The debt total on file was summed from short-term debt, long-term debt and lease obligations, and at least one of those was never captured. An absent term is spent as a zero inside that sum, and this balance sheet does not show the term is empty, so we will not build a leverage ratio, an enterprise value or a return on capital on it, or rank the company on one.
  • Return on Invested Capital: The debt total on file was summed from short-term debt, long-term debt and lease obligations, and at least one of those was never captured. An absent term is spent as a zero inside that sum, and this balance sheet does not show the term is empty, so we will not build a leverage ratio, an enterprise value or a return on capital on it, or rank the company on one.
  • Altman Z-Score: We do not hold this figure for this company, so there is nothing to show.
  • Gross Margin: Our archived statements for this filer carry no gross profit line, so there is nothing to compute a gross margin from and trace back to source. That may be because the filer presents no cost of revenue, or because we have not captured the concept. We do not guess which.
  • EV/EBITDA: The debt total on file was summed from short-term debt, long-term debt and lease obligations, and at least one of those was never captured. An absent term is spent as a zero inside that sum, and this balance sheet does not show the term is empty, so we will not build a leverage ratio, an enterprise value or a return on capital on it, or rank the company on one.
  • Interest Coverage: No operating income line is filed for this year.
  • ROIC-WACC Spread: The debt total on file was summed from short-term debt, long-term debt and lease obligations, and at least one of those was never captured. An absent term is spent as a zero inside that sum, and this balance sheet does not show the term is empty, so we will not build a leverage ratio, an enterprise value or a return on capital on it, or rank the company on one.

9 of 10

Declared positions

Whether anybody here owns this company.

Positions declared by Javier Sanz Alvarez: no holding in any company shown here, as of October 3, 2026.

10 of 10

Next step

What to do with what you have read.

A thesis is your reason for owning it, in your words, with the figures that must stay true. Checking those figures every night against the newest filed accounts, and telling you once when one breaks, is what the subscription adds.

More on this company

What this cannot tell you

  • 8 figures could not be read on this company, among them Debt to Equity, EV/EBIT, Return on Invested Capital. Each blank in the table above names the rest, with its reason. 6 named tests come back incomplete because of them, which is neither met nor missed.

And the one that is true of all of it: This is what the numbers say today. It cannot tell you the day one of them stops being true. Nothing here can, because the reasons are not written down.

Running this once is arithmetic on public documents and you are welcome to it. Writing down why you own each company, in your own words and with the numbers that have to stay true for it to hold, and then having those numbers re-checked every night against the newest filed accounts, and against the latest close where a rule watches a price, is Professional, the plan a new account starts on for 30 days, one trial per person. It writes to you the day one breaks, and stays quiet when nothing does. The check runs every night at 23:30 UTC. A filing is picked up the night after it is published.

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Analyze your own portfolio

ValueScreener · valuescreener.ai · Computed from accounts filed with the SEC by this company, read from EDGAR, and from dated closing prices. On this page a filed figure opens into its formula, its inputs and the statement, fiscal year and filing date it was read from, and a price into the day of its close. A figure that cannot show that trail says so.

A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.

Once a week, what changed in the filings of US-listed companies, why it can matter to a thesis, and what deserves a closer review. Grounded in filings, not market noise.

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Risk disclaimer. This service is provided for research and education only. Nothing on it is investment advice, a recommendation, or an offer to buy or sell any security. Capital is at risk, and past performance does not indicate future results. Figures come from filed accounts and may be incomplete, delayed or later restated, so verify a number against the filing before you act on it.