Warner Music price to free cash flow WMG

Market value divided by free cash flow over the last twelve months, since 2020.

Today, Oct 23, 2026: 19.3×
6-year median: 28.1×
Against its 6-year history: 7th; percentile: 0 is its lowest day, 100 its highest
6-year range: 16.1× to 52.3×
Peer median: 20.3×

Warner Music's price to free cash flow is 19.3× as of Oct 23, 2026.

That is below its 6-year median of 28.1×, lower than on 93% of days in the last 6 years.

Over that time it ranged from 16.1× in Aug 2026 to 52.3× in Jan 2021.

The median for 10 entertainment stocks of a similar size is 20.3×.

Price to free cash flow over time

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	19.3×	16.1×	30.1×
2025	29.0×	18.0×	29.7×
2024	25.5×	21.4×	34.3×
2023	33.0×	19.5×	33.0×
2022	29.7×	27.1×	43.2×
2021	40.8×	34.0×	52.3×
2020	51.3×	36.8×	51.3×

Against its peers

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

Company	Price to free cash flow
WMGWarner Music	19.3×
FWONKLiberty Media	26.6×
ROKURoku	33.2×
FOXAFox	19.0×
TKOTKO	19.6×
LYVLive Nation Entertainment	29.6×
CHDNChurchill Downs	8.1×
MTNVail Resorts	21.1×
NXSTNexstar Media	6.9×
CNKCinemark	n/m
RSIRush Street Interactive	20.3×
Peer median	20.3×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

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.