Liberty Media Corporation Series C Liberty Formula One (FWONK) fair value: what the stock is really worth
As of Oct 14, 2026: fair value of Liberty Media Corporation Series C Liberty Formula One $103, price $90.90, upside +13.8%, quality 60 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 12, 2026.
How to read this chart
60‑month range $44.58 – $108.33 · fair‑value band $37.50 – $187.04 · the $90.90 price screens below the $103.44 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Oct 12, 2026.
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Formula One Group, together with its subsidiaries, engages in the motorsports business in the United States, the United Kingdom, Spain, and internationally.
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The company holds commercial rights for the Fédération Internationale de l'Automobile (FIA) Formula One World Championship, an annual nine-month long motor race-based competition in which teams compete for the Constructors' championship and drivers compete for the Drivers' championship.
It is also involved in filming, television production and post-production, and digital and social media activities; provision of freight, logistical, and travel related services, as well as technical support at Formula 1 events; production of the international television feed; and operation of the Formula 1 Paddock Club hospitality program, F2 and F3 race series, and F1 Academy.
The company was founded in 1950 and is headquartered in Englewood, Colorado. Formula One Group operates as a subsidiary of Liberty Media Corporation.
Stock analysis
Liberty Media Corporation Series C Liberty Formula One Common Stock (FWONK) currently trades at $90.90, while our model-based Fair Value estimate is $103.44, implying the stock looks roughly 12.1% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $114.94 per share, and 3 of the 24 models we run sit above the $90.90 price.
Bear case: the Asset-Based group reads lowest at $23.17, and 21 of the 24 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $37.50 (bear) to $187.04 (bull), the price of $90.90 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 60/100 (solid quality), in the Communication Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Liberty Media Corporation Series C Liberty Formula One Common Stock reported revenue of $4.5B in FY2025 versus $2.1B in FY2021, a compound +20.4%/yr. Reported net income was $555M in FY2025.
Key figures
Market cap $22.7B · P/E ratio 116.8 · P/S ratio 14.5 · EPS (TTM) $0.8100 · Net margin 12.4% · Return on equity 2.7% · Return on assets (EBIT) 2.2% · Operating margin 16.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 43 out of 100 (low confidence).
What moves the price
The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat.
The share trades about 15% below its 52-week high and 12% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at −7% fair-value upside, at 14%, FWONK screens cheaper than that median.
Fair Value models
Bear$37.50Fair Value $103.44Bull$187.04
Price $90.90 · Upside +13.8%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then ($0.6391 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
Growth DCF$36.72$90.42$178.4171
FCF DCF$40.17$73.41$179.2870
EPV$2.03$5.33$8.2269
All 24 models by family
DCF Models
FCF DCF$40.17$73.41$179.2870
Owner Earnings$41.72$117.66$277.0566
5Y Revenue Exit$17.89$40.99$89.0764
5Y EBITDA Exit$28.28$61.98$128.0167
5Y P/E Exit$28.90$83.12$156.4364
10Y Revenue Exit$23.89$66.77$91.8663
10Y EBITDA Exit$32.58$89.13$186.0361
10Y P/E Exit$33.03$90.47$183.5357
Earnings-Based
Graham-Dodd$16.82$117.32$164.6461
Lynch FV$60.61$86.59$112.5759
PEG = 1.0$60.61$86.59$112.5755
EPV$2.03$5.33$8.2269
Multiples
P/E Multiple$40.82$54.43$68.0363
P/S Multiple$31.54$42.06$52.5758
P/B Multiple$31.54$42.06$52.5755
EV/EBIT$14.51$25.28$36.0564
EV/EBITDA$22.20$35.53$48.8666
EV/Revenue$6.70$17.20$27.7050
Asset-Based
NCAV (Graham)$17.29$23.17$34.5854
Growth DCF
Growth DCF$36.72$90.42$178.4171
Rev-Margin DCF$21.43$49.50$108.4764
Economic Profit
Residual Income$28.15$29.70$32.8968
ROIC Compounder$2.03$5.33$8.2266
Growth Earnings
Growth-Adj P/E$80.46$114.94$149.4265
P/S and P/B multiple show the same value here: both are capped by the same earnings anchor (earnings per share times 17), because margin and return on equity do not support the sector multiple.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.82/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
What shareholders gained per year (last 3 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 3 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+13.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+13.5%
Dividend (yield on the price)0.0%
Per share before 2023divided by the spin-off factor 1.017
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−39% → 14%
Growth Forecast
A lot of optimism in the price
The price assumes less growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+16.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+8.5%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +13.8% a year for the price and +6.0% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (98 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Positive
Recent news coverage is more positive than average.
AI conclusion: The business draws some strength from organizational capital in its media ecosystem, yet overall durable advantage signals remain modest amid elevated total debt relative to equity.
Main risk: Variable race calendars disrupted by external events could undermine the established media and sponsorship model by reducing demand for live events.
Formula One is expanding its audience through the Apple streaming deal, with viewership rising year over year and total hours watched up 13 percent on the platform. Yet the sport still contends with variable race calendars disrupted by external events. Does the shift toward digital engagement reinforce the live-event foundation or introduce new risks to its established media and sponsorship model?
Compare Liberty Media Corporation Series C Liberty Formula One Common Stock with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Entertainment · 232 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score60 · Top 25%
Fair Value upside+13.8% · Above median
Profitability
Return on equity (12 months)2.7% · Above median
Return on assets3.6% · Above median
Net margin (12 months)5.5% · Above median
Operating margin (12 months)16.0% · Top 25%
Growth and dividend
Revenue growth18.3% · Above median
Balance sheet
Debt / equity0.65× · Highest 25%
Valuation Multiplesvs Entertainment median · lower = cheaper
P/E (12 months)116.8× · Priciest 25%
P/B2.93× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Liberty Media Corporation Series C Liberty Formula One Common Stock Fair Value". https://www.fairvalue-calculator.com/stock/FWONK
Frequently asked questions
Is Liberty Media Corporation Series C Liberty Formula One (FWONK) overvalued or undervalued?
As of Oct 12, 2026, our model estimates a fair value of $103.44 versus a price of $90.90, about +14% upside (undervalued).
What is the fair value of FWONK?
Our model-based fair value for Liberty Media Corporation Series C Liberty Formula One Common Stock is $103.44 (as of Oct 12, 2026), built from audited fundamentals. The current price: $90.90.
What is the quality score of FWONK?
Liberty Media Corporation Series C Liberty Formula One Common Stock has a Quality Score of 60/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Liberty Media Corporation Series C Liberty Formula One (FWONK)?
Our model-based price target is the fair value of $103.44 (as of Oct 12, 2026) from 24 valuation models. Cautious scenario $37.50, optimistic scenario $187.04. It is a calculation from audited fundamentals, not an analyst target.
What is the Liberty Media Corporation Series C Liberty Formula One Common Stock stock forecast for 2026?
Our models put fair value at $103.44, about +14% upside versus a price of $90.90 (undervalued). Cautious scenario $37.50, optimistic scenario $187.04. The calculation is refreshed regularly with new filings.
What is the revenue of Liberty Media Corporation Series C Liberty Formula One (FWONK)?
Liberty Media Corporation Series C Liberty Formula One Common Stock reported trailing-twelve-month revenue of about $4.0B (latest available figure, as of Oct 12, 2026).
What growth is priced into Liberty Media Corporation Series C Liberty Formula One (FWONK)?
For today's price to be fair in a discounted-cash-flow model, Liberty Media Corporation Series C Liberty Formula One Common Stock would have to grow free cash flow by +16.5 % per year for five years (discount rate 8.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +31.4 % per year. As of Oct 12, 2026.
What discount rate (WACC) does the fair value of FWONK use?
Our models discount Liberty Media Corporation Series C Liberty Formula One Common Stock at 8.4 %: a base by market capitalisation (large), damped by beta 0.65, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Liberty Media Corporation Series C Liberty Formula One Common Stock that is +16.5 % per year a year over ten years, using the same discount rate (8.4 %) and the same formula as our fair value.
How much growth has Liberty Media Corporation Series C Liberty Formula One (FWONK) delivered so far?
Over the past 5 years revenue at Liberty Media Corporation Series C Liberty Formula One Common Stock grew +31.4 % a year. The price currently implies +16.5 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Liberty Media Corporation Series C Liberty Formula One (FWONK) growing?
The median revenue growth in the sector is +3.4 % a year. That is the yardstick for the growth priced into Liberty Media Corporation Series C Liberty Formula One Common Stock (+16.5 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Liberty Media Corporation Series C Liberty Formula One (FWONK)?
The free-cash-flow yield on the price is 3.30 %: that much free cash flow Liberty Media Corporation Series C Liberty Formula One Common Stock produces per unit of market value. When it exceeds the discount rate of our models (8.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Liberty Media Corporation Series C Liberty Formula One (FWONK)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Liberty Media Corporation Series C Liberty Formula One Common Stock it is $103.44 per share (as of Oct 12, 2026), against a price of $90.90. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Liberty Media Corporation Series C Liberty Formula One Common Stock stock overvalued or undervalued in 2026?
As of Oct 12, 2026, FWONK trades below its calculated fair value: price $90.90, fair value $103.44, a gap of about +14% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of FWONK?
No. The price is what the market pays today ($90.90); the fair value is what the company's own numbers justify ($103.44). For Liberty Media Corporation Series C Liberty Formula One Common Stock the two are $12.54 per share apart. That gap is exactly why we show both numbers side by side.
How much is Liberty Media Corporation Series C Liberty Formula One Common Stock worth?
The market values Liberty Media Corporation Series C Liberty Formula One Common Stock at about $22.7B (market capitalisation, as of Oct 12, 2026). Per share that is $90.90; our models calculate a fair value of $103.44 per share.
What do the bullish and bearish scenarios say about FWONK?
Our models span a range for Liberty Media Corporation Series C Liberty Formula One Common Stock: cautious scenario $37.50, base $103.44, optimistic $187.04 per share (as of Oct 12, 2026, price $90.90). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of FWONK?
Liberty Media Corporation Series C Liberty Formula One Common Stock trades at a price-to-earnings ratio of 116.8 (as of Oct 12, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $103.44 is built from several models across several years. Other multiples: PEG 12.8, P/B 2.9, P/S 5.7, EV/EBITDA 31.2.
What is the PEG ratio of FWONK?
The PEG ratio of Liberty Media Corporation Series C Liberty Formula One Common Stock is 12.77 (P/E divided by earnings growth, as of Oct 12, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Liberty Media Corporation Series C Liberty Formula One (FWONK)?
Balance-sheet figures for Liberty Media Corporation Series C Liberty Formula One Common Stock (as of Oct 12, 2026): return on equity 2.7%, debt of 0.65 per unit of equity. They feed the Quality Score of 60/100, which measures business quality independently of the share price.
How far is FWONK from its 52-week high?
Liberty Media Corporation Series C Liberty Formula One Common Stock trades at $90.90, about 15% below its 52-week high of $106.66 and 12% above the low of $81.42 (as of Oct 14, 2026). Distance from the high says nothing about value: that is what the fair value of $103.44 is for.
Which stocks are comparable to Liberty Media Corporation Series C Liberty Formula One Common Stock?
From the same area (Communication Services) we also value Netflix, Inc, The Walt Disney Company, Live Nation Entertainment, Inc, TKO Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Liberty Media Corporation Series C Liberty Formula One Common Stock stock attractive at the current price?
The data as of Oct 12, 2026: price $90.90, calculated fair value $103.44 (+14%), Quality Score 60/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of FWONK calculated?
We run Liberty Media Corporation Series C Liberty Formula One Common Stock through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $103.44, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.7 % above its aggregate fair value. Liberty Media Corporation Series C Liberty Formula One Common Stock currently trades 12 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Liberty Media Corporation Series C Liberty Formula One (FWONK)?
The closing price on Oct 14, 2026 was $90.90. Our model-based fair value is $103.44, about +14% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Liberty Media Corporation Series C Liberty Formula One Common Stock right now?
The model range is unusually wide ($37.50 to $187.04). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits in the lower half of our model range, the side with the larger margin of safety. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of Liberty Media Corporation Series C Liberty Formula One Common Stock
How large is the market capitalisation of Liberty Media Corporation Series C Liberty Formula One (FWONK)?
The market capitalisation of Liberty Media Corporation Series C Liberty Formula One Common Stock is $22.7B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Liberty Media Corporation Series C Liberty Formula One (FWONK)?
The price-to-sales ratio of Liberty Media Corporation Series C Liberty Formula One Common Stock is 14.5 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Liberty Media Corporation Series C Liberty Formula One (FWONK)?
Earnings per share at Liberty Media Corporation Series C Liberty Formula One Common Stock are $0.8100 (price ÷ EPS = P/E 116.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Liberty Media Corporation Series C Liberty Formula One (FWONK)?
The net margin of Liberty Media Corporation Series C Liberty Formula One Common Stock is 12.4% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Liberty Media Corporation Series C Liberty Formula One (FWONK)?
The return on equity (ROE) of Liberty Media Corporation Series C Liberty Formula One Common Stock is 2.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Liberty Media Corporation Series C Liberty Formula One (FWONK)?
On an EBIT basis the return on assets of Liberty Media Corporation Series C Liberty Formula One Common Stock is 2.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Liberty Media Corporation Series C Liberty Formula One (FWONK)?
The operating margin of Liberty Media Corporation Series C Liberty Formula One Common Stock is 16.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Liberty Media Corporation Series C Liberty Formula One (FWONK)?
Revenue at Liberty Media Corporation Series C Liberty Formula One Common Stock is growing +18.3% versus a year earlier (3y avg +20.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Liberty Media Corporation Series C Liberty Formula One (FWONK)?
Earnings per share at Liberty Media Corporation Series C Liberty Formula One Common Stock are growing −49.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Liberty Media Corporation Series C Liberty Formula One (FWONK) carry?
The net debt of Liberty Media Corporation Series C Liberty Formula One Common Stock is $4.1B (fiscal year 2025, ≈ 5.4 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Oct 12, 2026