We publish no single base value for News Corp (Class A). Our valuation methods put it between $30.02 and $34.31 a share. The valuation code's reason: no point fair value: the two anchors behind it compound the same growth rate and differ only in how they end — a perpetuity at the terminal rate against a multiple on the final year — so the midpoint between them measures terminal treatment rather than what the business is worth. The published range is the same reading with the false precision removed: read it as the span the method supports, and treat neither edge as a point estimate.
| Method | Value | vs price | Basis |
|---|---|---|---|
| Discounted cash flow | $34.31 | +30.6% | free cash flow $980.00m, growth 6.4% for 5 years, then fading to 3% over 5 more, discounted at 9.63%; stress floor $21.80 |
| Exit multiple (P/E) | $30.02 | +14.3% | earnings per share $1.36 valued at 27.35× (the stock's own median P/E) in 5 years, discounted back |
| Sum of the parts | — | — | no sum of the parts: this run holds no segment disclosure for the name |
| Price to sales | — | — | not reached: the cash-flow or earnings methods produced an anchor, so this fallback was not run |
| Tangible book | — | — | used only for lenders, where book value is the business |
| Price to FFO (REITs) | — | — | used only for REITs |
Each working is rebuilt by code from the valuation's own figures and checked against the published value.
The discount rate:
| Risk-free rate | 5.13% (10-year US Treasury yield) |
| Company's own beta | 1.01 (5 years of monthly returns against the S&P 500; standard error 0.16) |
| Peer beta | 0.93 (median of 19 S&P 500 Communication Services companies) |
| Blend of own and peers | 1.00 (89% own, 11% peers, weighted by how precisely the company's own beta is measured) |
| Adjusted beta | 1.00 (0.67 × 1.00 + 0.33, pulled toward the market's 1.0) |
| Equity risk premium | 4.5% |
| Discount rate = risk-free + adjusted beta × premium | 9.63% |
Free cash flow grows 6.40% a year for 5 years, then fades in equal steps toward 3% over 5 more; each year is discounted by 1 ÷ (1 + rate)^year:
| Year | Growth | Free cash flow | Discount factor | Present value |
|---|---|---|---|---|
| Now | — | $980.00m | — | — |
| Year 1 | 6.40% | $1.04bn | 0.9122 | $951.13m |
| Year 2 | 6.40% | $1.11bn | 0.8320 | $923.10m |
| Year 3 | 6.40% | $1.18bn | 0.7589 | $895.91m |
| Year 4 | 6.40% | $1.26bn | 0.6923 | $869.51m |
| Year 5 | 6.40% | $1.34bn | 0.6315 | $843.89m |
| Year 6 | 5.83% | $1.41bn | 0.5760 | $814.67m |
| Year 7 | 5.27% | $1.49bn | 0.5254 | $782.24m |
| Year 8 | 4.70% | $1.56bn | 0.4793 | $747.07m |
| Year 9 | 4.13% | $1.62bn | 0.4372 | $709.61m |
| Year 10 | 3.57% | $1.68bn | 0.3988 | $670.36m |
| Terminal value = year-10 cash flow × (1 + 3%) ÷ (9.63% − 3%) | $26.12bn |
| Terminal value in today's money | $10.41bn |
| Present value of years 1–10 | $8.21bn |
| Total present value | $18.62bn |
| Shares outstanding | 542.70m |
| Value per share = total ÷ shares | $34.31 |
How the DCF value moves with the discount rate and the starting growth (the middle cell is the published value):
| Discount rate | Growth 1.4% | Growth 6.4% | Growth 11.4% |
|---|---|---|---|
| 8.63% | $29.95 | $40.63 | $54.88 |
| 9.63% | $25.51 | $34.31 | — |
| 10.63% | $22.22 | $29.66 | — |
The same DCF at each beta, starting growth unchanged:
| Beta | Value | Discount rate | DCF value |
|---|---|---|---|
| Company's own beta | 1.01 | 9.68% | $34.07 |
| Peer beta | 0.93 | 9.32% | $36.09 |
| Adjusted beta (used) | 1.00 | 9.63% | $34.31 |
Earnings per share grow on the same fading path as the DCF:
| Year | Growth | Earnings per share |
|---|---|---|
| Now | — | $1.36 |
| Year 1 | 6.40% | $1.44 |
| Year 2 | 5.55% | $1.52 |
| Year 3 | 4.91% | $1.60 |
| Year 4 | 4.43% | $1.67 |
| Year 5 | 4.08% | $1.74 |
| Earnings per share in year 5 | $1.74 |
| Exit P/E (the stock's own median P/E) | 27.35× |
| Value in 5 years = earnings × P/E | $47.55 |
| Discounted at 9.63% over 5 years: ÷ 1.5836 | $30.02 |
We publish no single base value for News Corp (Class A). Our valuation methods put it between $30.02 and $34.31 a share. The valuation code's reason: no point fair value: the two anchors behind it compound the same growth rate and differ only in how they end — a perpetuity at the terminal rate against a multiple on the final year — so the midpoint between them measures terminal treatment rather than what the business is worth. The published range is the same reading with the false precision removed: read it as the span the method supports, and treat neither edge as a point estimate.
One-year price simulation: a 10% chance the price is below $16.89 and a 10% chance it is above $43.13 in a year; a 53% chance it is higher than today's $26.27, from 36.39% volatility. The simulation assumes the price drifts up at our discount rate of 9.63% a year.
At $26.27 the price implies free cash flow growing 1.9% a year for five years and then fading toward 3% over five more; its revenue has grown 6.4%.
| Week | Price | Base value |
|---|---|---|
| 2 Oct 2026 | $28.69 | — |
| 9 Oct 2026 | $29.12 | — |
| 16 Oct 2026 | $30.03 | — |
| 23 Oct 2026 | $30.74 | — |
| 30 Oct 2026 | $29.12 | — |
| 6 Nov 2026 | $26.39 | — |
| 12 Nov 2026 | $26.27 | — |
Data as of 12 Nov 2026; financials to 30 Sep 2026. Sources: company filings via EODHD, SEC EDGAR, US Treasury. How these values are computed. Not investment advice.
Run a full Desk Run on NWSA · News Corp (Class A) company page · Call and put prices