ValueScreener

ValueScreener company report

News Corporation (NWSA)

NASDAQ / Communication Services / Entertainment

Share price

30.22 USD Market dataClose of Oct 15, 2026

Market capitalisation

16.89B USD Market dataClose of Oct 15, 2026
Market data
Oct 15, 2026
Filed accounts
FY2026, filed Aug 7, 2026
Ratios computed
Oct 15, 2026
Filed years
14, FY2012 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

6.7% Computed

From the FY2026 filing

Read quality

Valuation

Price to earnings

29.34x Computed

FY2026 accounts, priced at the latest close

Read valuation

Cash generation

Free cash flow yield

4.8% Computed

FY2026 accounts, priced at the latest close

Read cash generation

Revenue and net income, as filed

FY2017 Revenue: 8.14B USDFY2017 Net income: -738.0M USDFY2018 Revenue: 9.02B USDFY2018 Net income: -1.51B USDFY2019 Revenue: 10.07B USDFY2019 Net income: 155.0M USDFY2020 Revenue: 9.01B USDFY2020 Net income: -1.27B USDFY2021 Revenue: 9.36B USDFY2021 Net income: 330.0M USDFY2022 Revenue: 10.38B USDFY2022 Net income: 623.0M USDFY2023 Revenue: 8.01B USDFY2023 Net income: 149.0M USDFY2024 Revenue: 8.25B USDFY2024 Net income: 266.0M USDFY2025 Revenue: 8.45B USDFY2025 Net income: 1.18B USDFY2026 Revenue: 9.03B USDFY2026 Net income: 573.0M 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 29.34x 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 25.00x and 40.00x.

Today, against the Communication Services sector (108 companies), 29.34x sits at the 66th percentile; the middle half of that group runs from 7.82x to 41.28x.

Is it good

Return on equity was 6.7% in FY2026, in the band labelled "Likely below the cost of equity" (below 8.0%), on lines anchored on Damodaran's cost-of-capital data, suggesting returns on shareholders' money below the usual cost of equity.

Today, against the Entertainment industry (37 companies), 6.7% sits at the 64th percentile; the middle half of that group runs from -25.3% to 10.3%.

Is it safe

Debt to equity was 0.34 in FY2026, in the band labelled "Conservative" (below 0.50), on lines anchored on Graham's defensive-investor criteria, suggesting a balance sheet that relies little on borrowing.

Today, against the Communication Services sector (112 companies), 0.34 sits at the 29th percentile; the middle half of that group runs from 0.23 to 2.14.

Year by year against peers
Whether News Corporation's return on equity stayed above the median of the Entertainment industry, year by year. (FY2021 to FY2025, 5 fiscal years of News Corporation with a comparable figure)
The direction
Which way News Corporation's return on equity has moved, and how steadily. (FY2017 to FY2026, 10 filed years of News Corporation)
What could explain it
What in News Corporation's filed statements could explain the movements. (5 readings drawn from the statement lines News Corporation filed)
What to check next
What to check next on News Corporation, and where in its filings. (1 question for News Corporation)
In one paragraph
One paragraph on News Corporation's returns, cash, balance sheet and price. (10 of sixteen figures read for News Corporation)

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

Research NWSAPart 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 7, 2026, accession 0001564708-26-000175.

3 of 10

Quality

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

SEC filingComputed

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

No operating income line is filed for this year.

n/a ComputedFY2026 10-K, filed Aug 7, 2026, 0001564708-26-000175
Return on equity6.7% ComputedFY2026 10-K, filed Aug 7, 2026, 0001564708-26-000175
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 7, 2026, 0001564708-26-000175
Return on assets3.7% ComputedFY2026 10-K, filed Aug 7, 2026, 0001564708-26-000175
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 7, 2026, 0001564708-26-000175
Operating margin
Why n/a

No operating income line is filed for this year.

n/a ComputedFY2026 10-K, filed Aug 7, 2026, 0001564708-26-000175
Net margin6.3% ComputedFY2026 10-K, filed Aug 7, 2026, 0001564708-26-000175
NWSA 6.3%
FWONK 12.4%FOXA 10.1%TKO 4.1%ROKU 1.9%P 5.1%
1.9%12.4%
Net margin: NWSA 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

News Corporation: leverage, liquidity and distress, each with its source
FigureValue, source and document
Debt to equity0.34 ComputedFY2026 10-K, filed Aug 7, 2026, 0001564708-26-000175
Current ratio1.62 ComputedFY2026 10-K, filed Aug 7, 2026, 0001564708-26-000175
Quick ratio1.51 ComputedFY2026 10-K, filed Aug 7, 2026, 0001564708-26-000175
Interest coverage
Why n/a

No operating income line is filed for this year.

n/a ComputedFY2026 10-K, filed Aug 7, 2026, 0001564708-26-000175
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 7, 2026, 0001564708-26-000175
Net debt820.0M ComputedFY2026 10-K, filed Aug 7, 2026, 0001564708-26-000175
Total assets 15.54BTotal liabilities 6.31BShareholders' equity 8.53BOwnsOwes, and equity
Total assets Total liabilities Shareholders’ equity
The balance sheet, line by line

Financial health

What News Corporation owned and owed at the end of fiscal 2026, from the balance sheet it filed (10-K, filed Aug 7, 2026, 0001564708-26-000175).

News Corporation: balance sheet position
Total assets15.54B FiledFY2026 10-K, filed Aug 7, 2026
Total liabilities6.31B FiledFY2026 10-K, filed Aug 7, 2026
Shareholders' equity8.53B FiledFY2026 10-K, filed Aug 7, 2026
Cash2.10B FiledFY2026 10-K, filed Aug 7, 2026
Total debt2.92B FiledFY2026 10-K, filed Aug 7, 2026
Net debt820.0M
Current ratio1.62
Debt to equity0.34
  • 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

News Corporation: what the market charges, each with its source
FigureValue, source and document
Price to earnings29.34x ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Aug 7, 2026, 0001564708-26-000175
P/E on trailing twelve months29.34x ComputedClose of Oct 15, 2026 · Trailing four quarters, each as known on the day; the quarterly filings are listed under Filings
Price to book1.98x ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Aug 7, 2026, 0001564708-26-000175
Price to sales1.87x ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Aug 7, 2026, 0001564708-26-000175
Enterprise value to EBIT
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 7, 2026, 0001564708-26-000175
Enterprise value to EBITDA
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 7, 2026, 0001564708-26-000175
Price to earnings over growth2.26 ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Aug 7, 2026, 0001564708-26-000175
Diluted earnings per share1.03 USD FiledFY2026 10-K, filed Aug 7, 2026, 0001564708-26-000175
Graham number18.81 USD ComputedFY2026 10-K, filed Aug 7, 2026, 0001564708-26-000175

We publish no fair value or price target of our own. Value NWSA 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 News Corporation today, and the multiples it has carried. No value of ours: the figures are the filings’ and the market’s.

News Corporation: valuation
Share price30.22 USD
Market capitalisation16.89B USD
Enterprise value to EBITDAn/a
Graham number18.81 USD
Diluted earnings per share, FY20261.03 USD

Price to earnings on trailing twelve months, a different basis from the fiscal-year P/E above, since Oct 3, 2016: low 11.09x, median 33.94x, high 104.54x, latest 29.34x. 1,390 trading days with a meaningful ratio, 1,133 more on a loss and left out. Each close over the trailing twelve months of earnings as known that day: a quarter counts from the day it was filed.

Companies like News Corporation

  1. Formula One Group (FWONK)Market cap 22.77B USD
  2. Fox Corporation (FOXA)Market cap 26.98B USD
  3. TKO Group Holdings, Inc. (TKO)Market cap 12.87B USD
  4. Roku, Inc. (ROKU)Market cap 20.44B USD
  5. Pandora Media, Inc. (P)Market cap 44.45B 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

News Corporation: cash generation and what is paid out, each with its source
FigureValue, source and document
Free cash flow yield4.8% ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Aug 7, 2026, 0001564708-26-000175
Free cash flow811.0M USD ComputedFY2026 10-K, filed Aug 7, 2026, 0001564708-26-000175
Free cash flow margin9.0% ComputedFY2026 10-K, filed Aug 7, 2026, 0001564708-26-000175
Dividend yield1.2% ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Aug 7, 2026, 0001564708-26-000175
Payout ratio35.6% ComputedFY2026 10-K, filed Aug 7, 2026, 0001564708-26-000175
FY2017 Free cash flow: 238.0M USDFY2017 Net income: -738.0M USDFY2018 Free cash flow: 393.0M USDFY2018 Net income: -1.51B USDFY2019 Free cash flow: 356.0M USDFY2019 Net income: 155.0M USDFY2020 Free cash flow: 342.0M USDFY2020 Net income: -1.27B USDFY2021 Free cash flow: 847.0M USDFY2021 Net income: 330.0M USDFY2022 Free cash flow: 855.0M USDFY2022 Net income: 623.0M USDFY2023 Free cash flow: 745.0M USDFY2023 Net income: 149.0M USDFY2024 Free cash flow: 741.0M USDFY2024 Net income: 266.0M USDFY2025 Free cash flow: 571.0M USDFY2025 Net income: 1.18B USDFY2026 Free cash flow: 811.0M USDFY2026 Net income: 573.0M 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.

News Corporation: the eight ratios, with the fiscal year and filing date behind each.
FigureValueYearAs of
29.34xFY2026Oct 15, 2026
1.98xFY2026Oct 15, 2026
n/aFY2026Oct 15, 2026
n/a The filed income statement reports no operating income.
4.8%FY2026Oct 15, 2026
n/aFY2026Aug 7, 2026
n/a No operating income line is filed for this year.
1.2%FY2026Oct 15, 2026
0.34FY2026Aug 7, 2026
1.62FY2026Aug 7, 2026
1.87xFY2026Oct 15, 2026
2.26FY2026Oct 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.
-2.57FY2026Aug 7, 2026
5/9FY2026Aug 7, 2026

The figures are computed from the accounts for fiscal 2026, the newest full year on file. 14 filed fiscal years on record, FY2012 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 News Corporation filed with the SEC. Each year names its filing. Amounts in USD, as filed.

News 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
FY20269.03Bn/a573.0M1.03811.0Mn/a6.7%10-K, Aug 7, 20260001564708-26-000175
FY20258.45Bn/a1.18B2.07571.0Mn/a13.4%10-K, Aug 6, 20250001564708-25-000419
FY20248.25Bn/a266.0M0.46741.0Mn/a3.3%10-K, Aug 13, 20240001564708-24-000408
FY20238.01Bn/a149.0M0.26745.0Mn/a1.9%10-K, Aug 15, 20230001564708-23-000368
FY202210.38Bn/a623.0M1.05855.0Mn/a7.6%10-K, Aug 12, 20220001564708-22-000265
FY20219.36Bn/a330.0M0.56847.0Mn/a4.0%10-K, Aug 10, 20210001564708-21-000029
FY20209.01Bn/a-1.27B-2.16342.0Mn/a-16.7%10-K, Aug 11, 20200001564708-20-000022
FY201910.07Bn/a155.0M0.26356.0Mn/a1.7%10-K, Aug 13, 20190001193125-19-219463
FY20189.02Bn/a-1.51B-2.60393.0Mn/a-16.3%10-K, Aug 15, 20180001193125-18-249117
FY20178.14Bn/a-738.0M-1.27238.0Mn/a-6.8%10-K, Aug 14, 20170001193125-17-257248
  • Revenue, compound annual growth FY2017 to FY2026: 1.2%
  • Earnings: Earnings was not positive in both 2017 and 2026, so a compound rate across the window is not defined. Both figures are in the table.
  • Earnings per share: Earnings per share was not positive in both 2017 and 2026, so a compound rate across the window is not defined. Both figures are in the table.
  • Free cash flow, compound annual growth FY2017 to FY2026: 14.6%

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

News Corporation: accounting screens and published tests, each with its source
FigureValue, source and document
Beneish M-score-2.57 ComputedFY2026 10-K, filed Aug 7, 2026, 0001564708-26-000175
Piotroski F-score5/9 ComputedFY2026 10-K, filed Aug 7, 2026, 0001564708-26-000175
Named tests met1 of 30 Computed
Beta0.71 ComputedClose of Oct 15, 2026

The named tests

Of 30 tests value investors published: 1 met, 25 not met, 4 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; Low beta, profitable; 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; Cash-flow yield and ROIC; 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; ROIC at or above WACC; Z-score and coverage (Edward Altman). A test with a figure we could not read is incomplete, never met and never failed.
Figures we could not read(7)
  • EV/EBIT: We do not hold this figure for this company, so there is nothing to show.
  • Return on Invested Capital: No operating income line is filed for this year.
  • 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: We do not hold this figure for this company, so there is nothing to show.
  • Interest Coverage: No operating income line is filed for this year.
  • ROIC-WACC Spread: We do not hold this figure for this company, so there is nothing to show.

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

  • 7 figures could not be read on this company, among them EV/EBIT, Return on Invested Capital, Altman Z-Score. Each blank in the table above names the rest, with its reason. 4 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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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.

Margin Notes

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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