Warner Music price to book ratio WMG

Market value divided by the book value of the company's net assets, since 2022.

Today, Oct 23, 2026: 18.9×
5-year median: 36.4×
Against its 5-year history: 6th; percentile: 0 is its lowest day, 100 its highest
5-year range: 15.7× to 129×
Peer median: 6.3×

Warner Music's price to book ratio is 18.9× as of Oct 23, 2026.

That is below its 5-year median of 36.4×, lower than on 94% of days in the last 5 years.

Over that time it ranged from 15.7× in Aug 2026 to 129× in Feb 2022.

The median for 10 entertainment stocks of a similar size is 6.3×.

Price to book ratio over time

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	18.9×	15.7×	25.0×
2025	24.2×	22.4×	34.7×
2024	31.4×	29.6×	62.6×
2023	60.2×	49.8×	128×
2022	119×	75.2×	129×

Against its peers

Companies in Entertainment nearest Warner Music's size, closest first, today.

Company	Price to book ratio
WMGWarner Music	18.9×
FWONKLiberty Media	2.9×
ROKURoku	8.3×
FOXAFox	2.4×
TKOTKO	9.6×
LYVLive Nation Entertainment	n/m
CHDNChurchill Downs	4.4×
MTNVail Resorts	21.7×
NXSTNexstar Media	2.3×
CNKCinemark	n/m
RSIRush Street Interactive	19.9×
Peer median	6.3×

What the price to book ratio tells you

Market value divided by the accounting value of the company's net assets. Below 1 means the market values the business at less than what it owns on paper.

Book value misses brands, software and people, so asset-light companies always look expensive on it. Most useful for banks and industrials.

More on Warner Music

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.