Fox Corp Class B (FOX)
What the price implies
A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.
At a market value of $22.7B, Fox Corp Class B's free cash flow of $1.5B (fiscal 2026) would need to grow about 2% a year for the stock to be worth today's price. That is close to what the company has delivered over the last 9 years.
Assumes a 9% discount rate and 3% growth after year 10, on free cash flow (operating cash flow minus capital spending) from Fox Corp Class B's SEC filings. Change any assumption, or model revenue and margins instead, in the Modeling tab, or try your own numbers in the reverse DCF calculator.
Fundamental grade
Five factors scored 1 to 9 from FOX's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.
Key numbers
Results from SEC filings
Fiscal years, from Fox Corp Class B's 10-K filings. The deep dive has 15+ years, quarters and every line.
| Fiscal year | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Revenue | $14.0B | $14.9B | $14.0B | $16.3B | $17.1B |
| Net income | $1.2B | $1.2B | $1.5B | $2.3B | $1.7B |
| Free cash flow | $1.6B | $1.4B | $1.5B | $3.0B | $1.5B |
| EPS (diluted) | $2.11 | $2.33 | $3.13 | $4.91 | $3.84 |
| Operating margin | 34.8% | 35.0% | 35.0% | 35.5% | 36.6% |
Where the revenue comes from
Revenue by segments, fiscal 2026.
Superinvestors who own FOX
From each investor's latest 13F filing (what a 13F shows). 6 of the investors we track hold it.
| Investor | Last quarter | Value | % of portfolio | Quarter |
|---|---|---|---|---|
| Dodge & Cox Dodge & Cox |
Added | $340M | 0.18% | Q2 2026 |
| Donald Yacktman Yacktman Asset Management |
Added | $265M | 3.3% | Q2 2026 |
| Stanley Druckenmiller Duquesne Family Office |
New position | $30M | 0.57% | Q2 2026 |
| Mario Gabelli GAMCO Investors |
Trimmed | $27M | 0.25% | Q2 2026 |
| Cliff Asness AQR Capital Management |
Added | $10M | 0.00% | Q2 2026 |
| Andrew Redleaf Whitebox Advisors |
Added | $9M | 0.27% | Q2 2026 |
Insider buying
Open-market purchases by Fox Corp Class B's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.
| Date | Insider | Shares | Price | Value |
|---|---|---|---|---|
| Sep 15, 2026 | Lachlan K Murdoch Executive Chair, CEO |
149,934 | $68.53 | $10M |
| Mar 13, 2026 | Gilbert Ray Cisneros, Jr. |
0 | $52.03 | — |
| Mar 13, 2026 | Lachlan K Murdoch |
175,372 | $60.63 | $11M |
| Nov 3, 2025 | Ro Khanna |
0 | $57.32 | — |
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In the full deep dive
Questions
What growth does Fox Corp Class B's stock price imply?
At a market value of $22.7B, Fox Corp Class B would need its free cash flow to grow about 2% a year for 10 years (discounted at 9%, 3% growth after that) to be worth today's price. Over the last 9 years its free cash flow grew 0% a year.
Are Fox Corp Class B insiders buying the stock?
4 open-market insider purchases of FOX in the last 12 months, from SEC Form 4 filings.
Which superinvestors own Fox Corp Class B?
6 of the superinvestors Investingly tracks hold FOX in their latest 13F, including Dodge & Cox, Donald Yacktman, Stanley Druckenmiller.
Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.