Warner Music Group looks cheaper on two of the three valuation measures provided. Liberty Media’s Formula One shares have the lower price-to-book ratio.
FWONA and WMG are both in Communication Services and the Media & Entertainment industry group, but their valuation figures differ. At the latest adjusted closes on November 9, 2026, FWONA was US$102.83 and WMG was US$31.79. WMG has the lower P/E and PEG, while FWONA has the lower P/B. The comparison is mixed, so these figures don’t point to a clear winner.
Investor takeaway: WMG screens cheaper on P/E and PEG, while FWONA has the lower P/B. These ratios don’t show that either stock is undervalued or predict future returns. The companies have different businesses and financial profiles, so use the figures as a starting point for research, not as a complete comparison.
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Liberty Media Corporation Series A Liberty Formula One Common Stock
FWONA.US
Communication Services
$102.83
$25.72B
1D
+1.80%
1W
+18.54%
Warner Music Group
WMG.US
Communication Services
$31.79
$16.63B
1D
+1.57%
1W
+2.65%
WMG is lower on two of three supplied valuation multiples
WMG’s P/E is 25.4, compared with 99.0 for FWONA. Its PEG is 0.56, compared with 3.59. FWONA has the lower P/B at 3.27, versus 19.47 for WMG. The results are split: WMG has lower values on two measures, but that doesn’t prove it’s undervalued or the better investment.
Bull case
WMG’s P/E of 25.4 and PEG of 0.56 are both below FWONA’s, at 99.0 and 3.59. WMG’s snapshot also shows a 2.43% dividend yield and 70.1% TTM ROE. Investors weighing its valuation and financial profile may find these figures useful, but they don’t guarantee strong share performance.
Bear case
WMG’s P/B of 19.47 is much higher than FWONA’s 3.27, so it doesn’t screen cheaper on every measure. Its 70.1% TTM ROE is a snapshot, not a guarantee that this level will continue. Investors may want to look into what’s behind these differences before drawing conclusions.
The valuation comparison is mixed
WMG has the lower P/E and PEG: 25.4 versus 99.0 for P/E, and 0.56 versus 3.59 for PEG. FWONA has the lower P/B, at 3.27 compared with WMG’s 19.47. WMG therefore screens cheaper on two of the three measures, but the overall picture is mixed. A lower multiple doesn’t prove a stock is undervalued, and these ratios don’t capture every difference between the businesses. See the FWONA stock snapshot and WMG stock snapshot for more company details.
Different financial profiles add context
The snapshot lists FWONA’s market cap at US$25.7B and WMG’s at US$16.6B. TTM ROE is 4.1% for FWONA and 70.1% for WMG. WMG’s dividend yield is 2.43%, compared with 0.00% for FWONA. These figures describe different aspects of each company; they don’t, on their own, explain the valuation multiples. The latest adjusted closes, both dated November 9, 2026, were US$102.83 for FWONA and US$31.79 for WMG.
Targets and labels are only part of the snapshot
The supplied analyst consensus labels are Strong Buy for FWONA and Buy for WMG. Their corresponding analyst targets are US$111.00 and US$38.00. These are snapshot figures, not guarantees or proof that either stock offers better value. When comparing the two, consider the multiples alongside each company’s outlook, financial statements and risks.
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