Using the industry peer median P/E multiple (trailing + forward), Comcast Corporation (CMCSA) has a fair value of $51.24 based on 4 comparable companies in the Telecommunications Services industry.
USD in millions except Fair Price. Subject company highlighted.
| Mkt Cap ($M) | Trailing P/E | Forward P/E | |
|---|---|---|---|
| Comcast CorporationCMCSA | 104,410 | 5.3x | 7.8x |
| Verizon Communications Inc.VZ | 214,385 | 12.5x | 10.4x |
| AT&T Inc.T | 205,842 | 9.6x | 12.7x |
| DoorDash, Inc.DASH | 65,677 | 71.0x | 57.1x |
| Charter Communications, Inc.CHTR | 27,684 | 6.0x | 5.0x |
| Industry Median | 11.0x | 11.5x | |
| (*) Profit after tax | 19,803 | 13,365 | |
| Equity Value | 218,533 | 154,059 | |
| (/) Outstanding shares | 3,636 | 3,636 | |
| Fair Price | $60 | $42 | |
This P/E relative valuation uses the industry peer median Price-to-Earnings ratio to estimate fair value. Both trailing (last 12 months) and forward (next fiscal year analyst estimates) P/E multiples are computed independently.
The industry median trailing P/E is applied to the company's TTM net income, and the forward P/E to analyst-estimated net income. Each produces an equity value divided by shares outstanding to yield a fair price per share. The selected fair value is the average of the trailing and forward legs.