Liberty Media Corp
$104.33
−0.19 (−0.18%) · delayed · Nov 13, 2026
Five-year price
52w $73.70 to $106.52
- Market cap
- —
- Enterprise value
- —
- P/E
- —
- EV / EBIT
- —
- FCF yield
- —
- ROIC
- 4.0%
- Debt / equity
- 0.66
- Piotroski F
- 5/9
Value scorecard · FY2025
Does it pass the value tests?
Quality
40
- ○ROIC > 12% (5y avg)5y avg ROIC 2.9%
- ○ROE > 15% (5y avg)5y avg ROE -0.7%
- ●Stable operating marginsMargin volatility 4.5% (σ, 5y)
- ●Earnings convert to cashFCF / net income 258% (5y avg)
- ○Growing revenueRevenue CAGR 5y -13.7%
- –Shrinking share countDiluted shares n/a over 5y
Value
n/a
- –P/E below 15P/E n/a
- –EV/EBIT below 12EV/EBIT n/a
- –FCF yield above 6%FCF yield n/a
- –Price below Graham NumberGraham Number n/a
- –P/B below 3P/B n/a
Safety
0
- ○Debt / equity below 0.5D/E 0.66
- ○Debt payable in < 4 yrs of earningsNet debt $4.0B
- ○Interest coverage > 8xCoverage 2.3x
- ○Current ratio > 1.5Current ratio 1.46
- ○Piotroski F-score ≥ 6F-score 5/9
Graham Defensive
25
- ●Adequate size (revenue > $2B)Revenue $4.5B
- ○Strong condition (current ratio ≥ 2)Current ratio 1.46
- ○Earnings stability (no loss, 10y)10 years of data
- ○Uninterrupted dividendsDividends paid every year on record
- –Earnings growth ≥ 33% (10y, 3y avgs)n/a
- –Moderate P/E (≤ 15 on 3y avg EPS)P/E (3y avg) n/a
- –P/E × P/B ≤ 22.5Product n/a
Valuation lab
What do you have to believe?
A cash-flow valuation isn’t meaningful here: free cash flow is negative or not reported (common for banks, insurers and early-stage companies). Use book value and earnings power instead.
Financial statements
A decade of the record.
USD millions · fiscal years · source: SEC 10-K XBRL
| Line item | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 5,276 | 7,594 | 8,040 | 10,292 | 9,363 | 11,400 | 3,161 | 3,572 | 3,653 | 4,482 |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Operating income | 1,734 | 1,394 | 1,511 | 1,470 | 177 | 1,977 | 145 | 266 | 287 | 577 |
| Operating margin | 32.9% | 18.4% | 18.8% | 14.3% | 1.9% | 17.3% | 4.6% | 7.4% | 7.9% | 12.9% |
| Pre-tax income | 1,419 | 827 | 1,041 | 513 | (1,435) | 789 | 707 | 97 | (24) | 733 |
| Income tax | 495 | (1,063) | 176 | 166 | (44) | 45 | (202) | 24 | 44 | 137 |
| Net income | 680 | 1,354 | 531 | 106 | (1,421) | 398 | 1,815 | 761 | (2,063) | 555 |
| EPS (diluted) | — | — | — | — | — | — | — | — | — | — |
| Diluted shares | — | — | — | — | — | — | — | — | — | — |
Who owns it
Superinvestors
Filings wire