Universal Music Group N.V.

OTCPK:UMGN.F Stock Report

Market Cap: US$46.9b

Universal Music Group Valuation

Is UMGN.F undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of UMGN.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

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Below Fair Value: UMGN.F ($25.84) is trading above our estimate of fair value ($21.5)

Significantly Below Fair Value: UMGN.F is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for UMGN.F?

Key metric: As UMGN.F is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for UMGN.F. This is calculated by dividing UMGN.F's market cap by their current earnings.
What is UMGN.F's PE Ratio?
PE Ratio15.5x
Earnings€2.60b
Market Cap€40.26b

Price to Earnings Ratio vs Peers

How does UMGN.F's PE Ratio compare to its peers?

The above table shows the PE ratio for UMGN.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average85.1x
LYV Live Nation Entertainment
105.8x41.06%US$33.9b
WBD Warner Bros. Discovery
145.2x3.02%US$71.6b
TME Tencent Music Entertainment Group
17.8x7.94%US$27.8b
TKO TKO Group Holdings
71.7x39.56%US$40.8b
UMGN.F Universal Music Group
15.5x-7.30%US$40.3b

Price-To-Earnings vs Peers: UMGN.F is good value based on its Price-To-Earnings Ratio (15.5x) compared to the peer average (85.1x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does UMGN.F's PE Ratio compare vs other companies in the US Entertainment Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
SOHU Sohu.com
3.3x-155.38%US$492.47m
DDI DoubleDown Interactive
4x4.39%US$450.19m
RDBX Redbox Entertainment
1.2x-121.78%US$76.65m
MSGM Motorsport Games
4.9xn/aUS$17.88m
No more companies available in this PE range
UMGN.F 15.5xIndustry Avg. 22.6xNo. of Companies8PE020406080100+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: UMGN.F is good value based on its Price-To-Earnings Ratio (15.5x) compared to the US Entertainment industry average (22.6x).

Price to Earnings Ratio vs Fair Ratio

What is UMGN.F's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

UMGN.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.5x
Fair PE Ratio18x

Price-To-Earnings vs Fair Ratio: UMGN.F is good value based on its Price-To-Earnings Ratio (15.5x) compared to the estimated Fair Price-To-Earnings Ratio (18x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst UMGN.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$25.84
US$34.09
+31.93%
15.69%US$48.92US$23.29n/a18
Jan ’27US$25.98
US$34.39
+32.41%
15.28%US$49.35US$24.67n/a18
Dec ’26US$25.51
US$34.04
+33.43%
13.60%US$45.09US$24.28n/a18
Nov ’26US$27.18
US$33.88
+24.67%
13.79%US$44.96US$24.21n/a18
Oct ’26US$29.45
US$34.54
+17.28%
13.42%US$45.77US$25.82n/a19
Sep ’26US$28.26
US$33.93
+20.07%
13.59%US$45.13US$25.46n/a19
Aug ’26US$28.32
US$33.92
+19.78%
13.63%US$45.16US$25.47n/a19
Jul ’26US$31.43
US$35.90
+14.23%
11.97%US$47.16US$29.47n/a19
Jun ’26US$31.50
US$33.50
+6.33%
17.61%US$46.68US$17.08n/a18
May ’26US$29.22
US$33.21
+13.68%
17.56%US$46.29US$16.94n/a18
Apr ’26US$27.11
US$32.02
+18.15%
17.85%US$45.46US$16.24n/a18
Mar ’26US$27.70
US$29.24
+5.54%
19.73%US$43.56US$15.56n/a18
Feb ’26US$27.60
US$28.18
+2.11%
16.03%US$37.46US$15.61n/a19
Jan ’26US$25.67
US$28.19
+9.82%
16.48%US$37.76US$15.73US$25.9819
Dec ’25US$24.24
US$29.18
+20.37%
16.12%US$38.07US$16.31US$25.5119
Nov ’25US$25.68
US$29.13
+13.43%
16.00%US$37.93US$16.25US$27.1819
Oct ’25US$25.90
US$30.31
+17.03%
16.35%US$36.73US$16.69US$29.4518
Sep ’25US$26.99
US$30.73
+13.85%
15.84%US$36.55US$16.61US$28.2619
Aug ’25US$23.12
US$30.33
+31.17%
15.81%US$35.61US$16.19US$28.3219
Jul ’25US$28.99
US$32.38
+11.70%
17.12%US$39.64US$12.85US$31.4318
Jun ’25US$31.63
US$32.94
+4.14%
16.16%US$39.10US$13.03US$31.5020
May ’25US$29.60
US$31.83
+7.55%
16.93%US$38.54US$12.85US$29.2220
Apr ’25US$30.01
US$31.43
+4.74%
16.94%US$37.59US$12.89US$27.1120
Mar ’25US$29.71
US$31.43
+5.77%
18.27%US$37.83US$12.97US$27.7020
Feb ’25US$29.54
US$30.74
+4.04%
17.61%US$35.78US$13.01US$27.6020
Jan ’25US$28.86
US$30.27
+4.89%
17.76%US$37.37US$13.19US$25.6720
US$34.46
Fair Value
25.0% undervalued intrinsic discount
18
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/01/14 22:52
End of Day Share Price 2026/01/14 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Universal Music Group N.V. is covered by 34 analysts. 19 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
JULIEN ROCHBarclays
Christophe CherblancBernstein
William PackerBNP Paribas