Stock Analysis on Net

Walt Disney Co. (NYSE:DIS)

$24.99

Price to Book Value (P/BV)
since 2005

Microsoft Excel

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Calculation

Walt Disney Co., P/BV, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2025-09-27), 10-K (reporting date: 2024-09-28), 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-10-01), 10-K (reporting date: 2021-10-02), 10-K (reporting date: 2020-10-03), 10-K (reporting date: 2019-09-28), 10-K (reporting date: 2018-09-29), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-10-01), 10-K (reporting date: 2015-10-03), 10-K (reporting date: 2014-09-27), 10-K (reporting date: 2013-09-28), 10-K (reporting date: 2012-09-29), 10-K (reporting date: 2011-10-01), 10-K (reporting date: 2010-10-02), 10-K (reporting date: 2009-10-03), 10-K (reporting date: 2008-09-27), 10-K (reporting date: 2007-09-29), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-10-01).

1 US$

2 Data adjusted for splits and stock dividends.

3 Closing price as at the filing date of Walt Disney Co. Annual Report.


Share Price Trends
The share price displayed a fluctuating trajectory throughout the analyzed period. Initially, the price rose from $25.67 to a peak of $36.87 by late 2010, followed by some oscillations and a significant upward trend peaking at $151.34 in 2021. Subsequently, a decline ensued with the share price dropping sharply in 2022 to approximately $94.69 and somewhat stabilizing around $107.61 by 2025. The overall pattern indicates substantial growth over the long term, despite short-term volatility and a notable dip post-2021.
Book Value Per Share (BVPS) Growth
BVPS exhibited a consistent and steady increase over the entire timeline, starting at $13.63 in 2005 and reaching $61.54 by 2025. This reflects continuous improvement in the company’s net asset value on a per-share basis, suggesting retained earnings accumulation and possibly asset growth. The steady upward trend in BVPS contrasts with the more variable movements of the share price.
Price-to-Book Value (P/BV) Ratio Development
The P/BV ratio experienced considerable fluctuations, ranging from a low near 1.07 in 2008 to a high exceeding 4.4 in 2015. This ratio generally trended upwards from 2005 to mid-2010s, implying increasing market valuation relative to book value. After 2015, the ratio declined considerably to about 1.74–1.96 in the most recent years, indicating a normalization of valuation multiples or potentially market skepticism regarding the premium over book value. The sharp decline after 2021 is aligned with the share price drop, despite the steady rise in BVPS.
Summary Insights
The company’s intrinsic value as represented by book value per share has grown steadily and robustly over the analysis period. However, market valuation as indicated by the share price and P/BV ratio has been more volatile, featuring periods of significant premium and correction. The steep decrease in share price and corresponding P/BV ratio since the 2021 peak may reflect external market conditions, investor sentiment shifts, or company-specific challenges. Overall, the data suggest strong fundamental growth with episodic market-driven valuation adjustments.

Comparison to Competitors

Walt Disney Co., P/BV, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2025-09-27), 10-K (reporting date: 2024-09-28), 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-10-01), 10-K (reporting date: 2021-10-02), 10-K (reporting date: 2020-10-03), 10-K (reporting date: 2019-09-28), 10-K (reporting date: 2018-09-29), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-10-01), 10-K (reporting date: 2015-10-03), 10-K (reporting date: 2014-09-27), 10-K (reporting date: 2013-09-28), 10-K (reporting date: 2012-09-29), 10-K (reporting date: 2011-10-01), 10-K (reporting date: 2010-10-02), 10-K (reporting date: 2009-10-03), 10-K (reporting date: 2008-09-27), 10-K (reporting date: 2007-09-29), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-10-01).


Comparison to Sector (Media & Entertainment)


Comparison to Industry (Communication Services)