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WMG

Warner Music Group

$27.71+0.29% ($0.08)
Day's range
$27.55 – $27.75
Day's volume
$1.5M
52-week range
$23.35 – $34.31

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See how WMG weighs in your net worth, what it has paid you and how far it is from your target allocation.

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WMG in numbers

Market cap
$29.5K
P/E
0.00
P/B
0.00
Dividend yield (12m)
2.78%
Net debt/EBITDA
2.89

The 12-month dividend yield of WMG is 2.78%, above its 5-year average of 1.91%.

WMG price history

10/06/202510/06/2026
Compare with

WMG risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return+0.04%-10.66%-28.78%
Volatility (annualized)29.58%25.35%35.41%
Largest drawdown-17.69%-26.24%-45.64%
Positive months5/1217/3629/60

How much did investing in WMG return?

$1,000.00 invested on 11/01/2021 would be worth $712.16 today.

Value today in WMG
$712.16
Return over the period
-28.78%
Return per year
-6.66%
In the S&P 500
$1,713.96

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

WMG fundamentals

Valuation

  • P/E
    0.00
  • P/B
    0.00
  • EV/EBITDA
    2.89
  • EV/EBIT
    4.09
  • EV/Revenue
    0.56
  • P/EBIT
    0.00
  • P/S
    0.00
  • P/OCF
    0.00
  • P/FCF
    0.00
  • Earnings yield
    24.44%
  • PEG ratio
    —
  • Earnings per share
    $628,624.88
  • Book value per share
    $798,877.46

Debt

  • Net debt
    $4.1B
  • Net debt/EBITDA
    2.89
  • Net debt/Equity
    4.79
  • Debt/Equity
    5.52
  • Current ratio
    0.73
  • Quick ratio
    0.72
  • Cash ratio
    0.14

Efficiency

  • Gross margin
    45.77%
  • EBITDA margin
    19.40%
  • Operating margin
    13.69%
  • Net margin
    9.20%
  • Asset turnover
    0.68

Profitability

  • ROE
    78.69%
  • ROA
    6.26%
  • ROIC
    15.40%
  • Payout
    0.00%

Growth

  • Revenue CAGR (5 years)
    7.66%
  • Earnings CAGR (5 years)
    19.57%
  • Revenue growth (year)
    —
  • Earnings growth (year)
    —
  • Revenue growth (quarter)
    —
  • Earnings growth (quarter)
    —

What is WMG's fair price?

Two classic value formulas, with today's numbers. The current price is $27.71.

Graham's fair price
$3,361,453.64
12,130,732.33% above the price

√(22.50 × $628,624.88 × $798,877.46)

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price
$10.87
60.78% below the price

$0.65 (5-year average) ÷ 6%

Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.

Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.

WMG's indicators by year

Multiples at each year's closing price; margins and returns from that year's statements.

Indicator20252024202320222021202020192018
Dividend yield2.41%2.26%1.84%1.77%1.25%0.63%——
Earnings per share——————$241,509.43$291,825.10
Book value per share——————-$272,641.51-$317,490.49
ROE56.41%83.98%140.07%362.50%980.65%753.97%-88.58%-91.92%
ROIC12.54%17.05%15.69%16.23%14.25%-9.20%16.65%7.77%
Gross margin45.85%47.79%47.37%47.96%48.27%47.73%46.35%45.79%
EBITDA margin15.95%17.90%18.59%17.79%17.26%0.72%13.97%11.94%
Net margin5.44%6.77%7.12%9.31%5.73%-10.64%5.72%7.67%
Net debt/EBITDA3.302.892.962.993.1179.723.774.82

WMG's financial statements

Line202520242023202220212020
Net revenue$6.7B$6.4B$6B$5.9B$5.3B$4.5B
Cost of revenue-$3.6B-$3.4B-$3.2B-$3.1B-$2.7B-$2.3B
Gross profit$3.1B$3.1B$2.9B$2.8B$2.6B$2.1B
EBITDA$1.1B$1.2B$1.1B$1.1B$915M$32M
EBIT$694M$823M$790M$714M$609M-$229M
Financial result——————
Income before tax$490M$601M$609M$740M$456M-$447M
Income tax-$120M-$123M-$170M-$185M-$149M-$23M
Net income$365M$435M$430M$551M$304M-$475M

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does WMG pay dividends?

Dividend yield per year

  • 0.63%2020
  • 1.25%2021
  • 1.77%2022
  • 1.84%2023
  • 2.26%2024
  • 2.41%2025
  • 2.10%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend08/19/202609/01/2026$0.20
Dividend05/25/202606/02/2026$0.19
Dividend02/17/202603/03/2026$0.19
Dividend11/18/202512/02/2025$0.19
Dividend08/19/202509/03/2025$0.19
Dividend05/26/202506/03/2025$0.18
Dividend02/21/202503/04/2025$0.18
Dividend11/18/202412/03/2024$0.18
Dividend08/26/202409/04/2024$0.18
Dividend05/21/202406/03/2024$0.17
Dividend02/20/202403/01/2024$0.17
Dividend11/17/202312/01/2023$0.17
See all 25 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend08/22/202308/24/2023$0.17
Dividend05/19/202306/01/2023$0.16
Dividend02/16/202303/01/2023$0.16
Dividend11/18/202212/01/2022$0.16
Dividend08/22/202209/01/2022$0.16
Dividend05/19/202206/01/2022$0.15
Dividend02/16/202203/01/2022$0.15
Dividend11/19/202112/01/2021$0.15
Dividend08/23/202109/01/2021$0.15
Dividend05/20/202106/01/2021$0.12
Dividend02/18/202103/01/2021$0.12
Dividend11/20/202012/01/2020$0.12
Dividend08/21/202009/01/2020$0.12

About Warner Music Group

Sector
Services

Questions about WMG

How much is WMG today?

WMG is at $27.71 (0.29% on the day), last traded on 10/06/2026.

How much did WMG pay in dividends in 2025?

WMG paid $0.74 per share in 2025, a dividend yield of 2.41%.

What are the P/E and P/B of WMG?

WMG trades at a P/E of 0.00 and a P/B of 0.00.

How much did WMG return in 12 months?

WMG returned 0.04% in 12 months, with annualized volatility of 29.58% and a largest drawdown of -17.69%.