--- title: Fox (Class B) (FOX) — intrinsic value and fair price canonical: https://sweetvaluelab.com/stocks/fox ticker: FOX as_of: 2026-10-17 sector: Communication Services industry: Entertainment --- # Fox (Class B) (FOX) Fox (Class B) (FOX) closed at $57.22 on Oct 16, 2026, undervalued by 42% vs its model value of $99.47 (from a five-year discounted cash flow). ## Key figures | Figure | Value | | --- | ---: | | Last close | $57.22 (Oct 16, 2026) | | Model value (from a five-year discounted cash flow) | $99.47 | | Price vs model | undervalued by 42% vs model | | Range of that model | $60.29 – $224.96 | | Market value | $25.5B | | P/E (fiscal 2026) | 14.9 | | Net margin (fiscal 2026) | 9.8% | | Free cash flow (fiscal 2026) | $1.5B | | Dividend yield (trailing twelve months) | 1.00% | | Beta | 0.65 | | Cost of capital (WACC) | 7.50% | | Business classification | Mature & Stable (Moderate growth (~11% recent), Moderate margins (10% net margin), Pays dividends, Highly cyclical earnings, Strong FCF yield (5.8%)) | ## Dividends | Figure | Value | | --- | ---: | | Trailing dividend yield | 1.00% | | Dividends per share, last 12 months | $0.57 | | Dividends / free cash flow (fiscal 2026) | 19.6% | | Raised | 5 years in a row | | Growth over 5 years | 3.9% a year | | Latest payment | $0.29, ex-date Sep 2, 2026, paid Sep 23, 2026 | | Year of payments | Dividends per share | | --- | ---: | | To Aug 31, 2021 | $0.47 | | To Aug 30, 2022 | $0.49 | | To Aug 29, 2023 | $0.51 | | To Sep 4, 2024 | $0.53 | | To Sep 3, 2025 | $0.55 | | Trailing twelve months (to Sep 2, 2026) | $0.57 | ## Valuation models Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026. | Model | Role | Value per share | Low | High | | --- | --- | ---: | ---: | ---: | | DCF · Perpetuity growth · 5y | primary | $99.47 | $60.29 | $224.96 | | DCF · Perpetuity growth · 10y | cross check | $101.20 | $63.44 | $223.57 | | DCF · EBITDA exit · 5y | cross check | $75.45 | $47.42 | $108.66 | | DCF · EBITDA exit · 10y | cross check | $81.61 | $53.87 | $119.07 | | P/E · peers | cross check | $116.77 | $79.45 | $138.09 | | P/E · own history | cross check | $61.44 | $54.62 | $70.40 | | PEG | sanity check | $146.29 | $146.29 | $146.29 | | EV/EBITDA · peers | cross check | $69.48 | $63.50 | $109.46 | | EV/Revenue · peers | cross check | $73.32 | $37.28 | $169.27 | | Earnings power value | cross check | $66.29 | $54.33 | $84.24 | | Dividend discount | cross check | $10.03 | $7.00 | $17.71 | ## Insider activity (SEC Form 4) Past 90 days: 1 open-market buy ($10.3M) and 1 open-market sale ($10.3M); 10b5-1 plan sales included. | Date | Insider | Relationship | Transaction | Shares | Value | | --- | --- | --- | --- | ---: | ---: | | Oct 1, 2026 | CAREY CHASE | Director | Option/RSU exercise | 5,102 | $0 | | Oct 1, 2026 | CAREY CHASE | Director | Option/RSU exercise | 5,102 | — | | Oct 1, 2026 | HERNANDEZ ROLAND A | Director | Option/RSU exercise | 5,102 | $0 | | Oct 1, 2026 | HERNANDEZ ROLAND A | Director | Option/RSU exercise | 5,102 | — | | Oct 1, 2026 | Burck William A | Director | Option/RSU exercise | 5,102 | $0 | ## Recent SEC filings | Filed | Form | What | Filing | | --- | --- | --- | --- | | Oct 14, 2026 | 8-K | 5.07 Submission of Matters to a Shareholder Vote | https://www.sec.gov/Archives/edgar/data/1754301/000119312526421830/d128102d8k.htm | | Oct 6, 2026 | 8-K | 8.01 Other Events | https://www.sec.gov/Archives/edgar/data/1754301/000119312526415558/d46542d8k.htm | | Sep 17, 2026 | ARS | Annual report to shareholders | https://www.sec.gov/Archives/edgar/data/1754301/000162828026062486/fox2026annualreport.htm | | Sep 17, 2026 | DEFA14A | Additional proxy materials | https://www.sec.gov/Archives/edgar/data/1754301/000162828026062482/defa14a2026.htm | | Sep 17, 2026 | DEF 14A | Proxy statement | https://www.sec.gov/Archives/edgar/data/1754301/000162828026062480/fox-20260917.htm | ## Superinvestors holding it (latest 13F) | Manager | Quarter | Shares | Value | | --- | --- | ---: | ---: | | Dodge & Cox | 2026-06-30 | 7,266,093 | $340.3M | | Yacktman | 2026-06-30 | 5,649,828 | $264.6M | | Druckenmiller | 2026-06-30 | 632,600 | $29.6M | 3 tracked managers in all. ## About Fox Corporation is a prominent media conglomerate primarily focused on news, sports, and entertainment operations within the United States. Its business is structured across three main divisions: Cable Network Programming; Television; and a segment encompassing Other, Corporate, and Eliminations. The Cable Network Programming division is responsible for creating and licensing news, business news, and sports content. This content is then disseminated across the U.S. through both traditional and virtual multi-channel video programming distributors (MVPDs), as well as various other digital platforms. This segment's extensive portfolio includes well-known national cable channels such as FOX News (for general news) and FOX Business (for financial news), multi-sport networks FS1 and FS2, FOX Sports Racing (dedicated to motorsports), FOX Soccer Plus (featuring live soccer and rugby), FOX Deport… --- Source: https://sweetvaluelab.com/stocks/fox (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.