COMCAST CORP
CMCSA · Nasdaq, NYSE · CIK 0001166691
SIC 4841
Cable & Other Pay Television Services
Category
Telecom
Entity
operating
Incorp.
PA
Fiscal Y/E
1231
Source: SEC EDGAR · All filings on SEC →
Investment Indicators
$25.03
-0.37 (-1.46%)
Open
$25.55
High
$25.68
Low
$24.88
Prev Close
$25.40
Volume
35,011,721
52W High
$32.98
52W Low
$23.58
50-day MA
$28.88
Quote as of: 2026-05-11
Market Cap
$90.72B
P/E
4.98
P/B
1.03
PEG
142.98
EPS
5.10
BPS
24.68
Dividend Yield
5.03%
Beta
0.69
ROE
20.64%
ROA
7.34%
Current Ratio
0.88
Operating Margin
17.00%
Net Margin
16.45%
Intrinsic Value Estimates
Multiple valuation methods, each with its own assumptions — outputs can diverge widely
Median consensus (7 methods)
$243.14B
| Method | Implied market cap | vs current |
|---|---|---|
Graham Number √(22.5 × 순이익 × 자본) | $208.81B | -57% |
Graham Formula 순이익 × (8.5 + 2 × 성장률%) | $1.11T | -92% |
Justified P/E 순이익 × 산업 평균 P/E | $299.97B | -70% |
P/B 배수 자본 × 산업 평균 P/B | $145.35B | -38% |
P/S 배수 매출 × 산업 평균 P/S | $243.14B | -63% |
DCF (Gordon) CF × (1+g) / (r − g) | $773.55B | -88% |
DDM (Gordon) D × (1+g) / (r − g) | $172.92B | -48% |
▶ Detailed analysis — formula walk-through & scenarios
Why this conclusion
Of the 7 valuation methods, 7 were applicable. Their median fair-value lands -62.7% above the current market cap → the stock trades below most formulas' estimates (undervalued). 0 methods flag overvalued, 7 flag undervalued, the rest land within fair range. Read each formula's assumptions below before treating any single number as the answer.
Graham Number
Undervalued -56.6%√(22.5 × 순이익 × 자본)
Current
$90.72B
Implied fair
$208.81B
Gap (current − fair)
$-118.09B(-56.6%)
NetIncome = $20.00B Equity = $96.90B √(22.5 × $20.00B × $96.90B) = $208.81B
- 최대 PER 15배
- 최대 PBR 1.5배
- 안정적 흑자 기업 가정 (금융·고성장 부정확)
Graham Formula
Undervalued -91.8%순이익 × (8.5 + 2 × 성장률%)
Current
$90.72B
Implied fair
$1.11T
Gap (current − fair)
$-1.02T(-91.8%)
NetIncome = $20.00B Growth g = 23.5% → cap 23.5% Multiple = 8.5 + 2 × 23.5 = 55.5× $20.00B × 55.5 = $1.11T
- EPS 성장률 23.5%/년 가정 (직전 1년 기준)
- 무성장 기업 P/E = 8.5
- 현재 적용 배수: 55.5x
Justified P/E
Undervalued -69.8%순이익 × 산업 평균 P/E
Current
$90.72B
Implied fair
$299.97B
Gap (current − fair)
$-209.25B(-69.8%)
NetIncome = $20.00B Industry P/E = 15× $20.00B × 15 = $299.97B
- 산업 평균 PER 15x 가정 (사용자 정의 가능)
- 동종 업종 비교가 핵심 — 산업별 평균 P/E 사용 권장
P/B 배수
Undervalued -37.6%자본 × 산업 평균 P/B
Current
$90.72B
Implied fair
$145.35B
Gap (current − fair)
$-54.64B(-37.6%)
Equity = $96.90B Industry P/B = 1.5× $96.90B × 1.5 = $145.35B
- 산업 평균 PBR 1.5x 가정
- 은행·보험·자산집약적 산업에 특히 유효
P/S 배수
Undervalued -62.7%매출 × 산업 평균 P/S
Current
$90.72B
Implied fair
$243.14B
Gap (current − fair)
$-152.43B(-62.7%)
Revenue = $121.57B Industry P/S = 2× $121.57B × 2 = $243.14B
- 산업 평균 PSR 2x 가정
- 매출 기반 — 적자 기업·신생 기업에 적용 가능
- 이익률 차이 무시
DCF (Gordon)
Undervalued -88.3%CF × (1+g) / (r − g)
Current
$90.72B
Implied fair
$773.55B
Gap (current − fair)
$-682.84B(-88.3%)
FCF = $21.89B Discount r = 4.0% + 5.0% = 9.0% Growth g = 6.0% $21.89B × (1 + 6.0%) / (9.0% − 6.0%) = $773.55B
- 현금흐름 입력: FCF (잉여현금흐름)
- 할인율 9.0% (무위험 4.0% + 주식위험프리미엄 5.0%)
- 영구 성장률 6.0% (실질 GDP 수준)
DDM (Gordon)
Undervalued -47.5%D × (1+g) / (r − g)
Current
$90.72B
Implied fair
$172.92B
Gap (current − fair)
$-82.20B(-47.5%)
Dividend D = $4.89B Discount r = 9.0% Growth g = 6.0% $4.89B × (1 + 6.0%) / (9.0% − 6.0%) = $172.92B
- 배당 입력: 실제 지급 배당
- 할인율 9.0%
- 배당 영구 성장률 6.0%
DCF sensitivity: discount rate × terminal growth
Each cell is the (current vs FCF × (1+g) / (r − g)) discount % under the assumed growth g and discount r.
| g \ r | 7% | 8% | 9% | 10% | 11% |
|---|---|---|---|---|---|
| 1% | -75.4% | -71.3% | -67.2% | -63.1% | -59.0% |
| 2% | -79.7% | -75.6% | -71.6% | -67.5% | -63.4% |
| 3% | -83.9% | -79.9% | -75.9% | -71.8% | -67.8% |
| 4% | -88.0% | -84.1% | -80.1% | -76.1% | -72.1% |
| 5% | -92.1% | -88.2% | -84.2% | -80.3% | -76.3% |
DDM sensitivity: discount rate × dividend growth
Each cell is the discount % vs Dividend × (1+g) / (r − g) under the assumed growth g and discount r.
| g \ r | 7% | 8% | 9% | 10% | 11% |
|---|---|---|---|---|---|
| 1% | +10.1% | +28.5% | +46.8% | +65.2% | +83.5% |
| 2% | -9.1% | +9.0% | +27.2% | +45.4% | +63.6% |
| 3% | -28.0% | -10.0% | +8.0% | +26.0% | +44.0% |
| 4% | -46.5% | -28.7% | -10.9% | +6.9% | +24.8% |
| 5% | -64.7% | -47.0% | -29.4% | -11.7% | +5.9% |
All estimates rest on strong assumptions. Treat the spread, not any single number, as the signal.
Financial Statements
In USD millions (per-share figures shown directly) · Financials as of: 2026-02-03
Income Statement
| FY | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | — | — | 121,572 | 121,427 | 116,385 |
| Operating Income | 20,672 | 23,297 | 23,314 | 14,041 | 20,817 |
| Net Income | 19,998 | 16,192 | 15,388 | 5,370 | 14,159 |
| EPS (Basic) | 5.41 | 4.17 | 3.73 | 1.22 | 3.09 |
| EPS (Diluted) | 5.39 | 4.14 | 3.71 | 1.21 | 3.04 |
Balance Sheet
| FY | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total Assets | 272,631 | 266,211 | 264,811 | 257,275 | 275,905 |
| Current Assets | 29,567 | 26,801 | 23,987 | 21,826 | 24,807 |
| Cash & Equivalents | 9,481 | 7,322 | 6,215 | 4,749 | 8,711 |
| Current Liabilities | 33,524 | 39,581 | 40,198 | 27,887 | 29,348 |
| Total Equity | 96,903 | 85,560 | 82,703 | 80,943 | 96,092 |
Cash Flow
| FY | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating CF | 33,643 | 27,673 | 28,501 | 26,413 | 29,146 |
| Investing CF | -16,157 | -15,670 | -7,161 | -14,140 | -13,446 |
| Financing CF | -14,346 | -10,883 | -19,850 | -16,184 | -18,618 |
| CapEx | 11,750 | 12,181 | 12,242 | 10,626 | 9,174 |
| Dividends Paid | 4,894 | 4,814 | 4,766 | 4,741 | 4,532 |
📄 SEC Filings
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Other filings (73)
SCHEDULE 13G
xslSCHEDULE_13G_X02/primary_doc.xml
2026-04-29
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DEFA14A
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2026-04-24
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xslF345X06/doc4.xml
2026-04-03
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2026-04-02
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2026-04-02
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Insider Transaction
xslF345X06/doc4.xml
2026-04-02
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Insider Transaction
xslF345X06/doc4.xml
2026-04-02
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SCHEDULE 13G/A
xslSCHEDULE_13G_X02/primary_doc.xml
2026-03-26
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xslF345X06/doc4.xml
2026-03-18
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xslF345X06/doc4.xml
2026-03-18
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xslF345X05/doc4.xml
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144
xsl144X01/primary_doc.xml
2026-03-05
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xslF345X05/doc4.xml
2026-03-03
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Insider Transaction
xslF345X05/doc4.xml
2026-03-03
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Insider Transaction
xslF345X05/doc4.xml
2026-03-03
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Insider Transaction
xslF345X05/doc4.xml
2026-03-03
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Insider Transaction
xslF345X05/doc4.xml
2026-03-03
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Insider Transaction
xslF345X05/doc4.xml
2026-03-03
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Insider Transaction
xslF345X05/doc4.xml
2026-02-26
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Insider Transaction
xslF345X05/doc4.xml
2026-02-26
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Insider Transaction
xslF345X05/doc4.xml
2026-02-26
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Insider Transaction
xslF345X05/doc4.xml
2026-02-26
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Insider Transaction
xslF345X05/doc4.xml
2026-02-26
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xslF345X05/doc4.xml
2026-02-13
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xslF345X05/doc4.xml
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144
xsl144X01/primary_doc.xml
2026-02-11
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SCHEDULE 13G
xslSCHEDULE_13G_X01/primary_doc.xml
2026-02-09
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xslF345X05/doc4.xml
2026-02-05
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3
FORM 3
2026-02-05
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xslF345X05/doc4.xml
2026-02-04
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xslF345X05/doc4.xml
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Insider Transaction
xslF345X05/doc4.xml
2026-02-03
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144
xsl144X01/primary_doc.xml
2026-02-03
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xslF345X05/doc4.xml
2026-01-22
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Insider Transaction
xslF345X05/doc4.xml
2026-01-22
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Insider Transaction
xslF345X05/doc4.xml
2026-01-22
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2026-01-22
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xslF345X05/doc4.xml
2026-01-22
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Insider Transaction
xslF345X05/doc4.xml
2026-01-22
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Insider Transaction
xslF345X05/doc4.xml
2026-01-22
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xslF345X05/doc4.xml
2026-01-06
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2026-01-05
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3
FORM 3
2025-12-08
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xslF345X05/doc4.xml
2025-11-21
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Insider Transaction
xslF345X05/doc4.xml
2025-11-21
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Insider Transaction
xslF345X05/doc4.xml
2025-11-21
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Insider Transaction
xslF345X05/doc4.xml
2025-11-21
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Insider Transaction
xslF345X05/doc4.xml
2025-11-21
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Insider Transaction
xslF345X05/doc4.xml
2025-11-21
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Insider Transaction
xslF345X05/doc4.xml
2025-11-21
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Insider Transaction
xslF345X05/doc4.xml
2025-11-21
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Insider Transaction
xslF345X05/doc4.xml
2025-11-21
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Insider Transaction
xslF345X05/doc4.xml
2025-11-05
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xslF345X05/doc4.xml
2025-10-02
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Insider Transaction
xslF345X05/doc4.xml
2025-10-02
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Insider Transaction
xslF345X05/doc4.xml
2025-10-02
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Insider Transaction
xslF345X05/doc4.xml
2025-10-02
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Insider Transaction
xslF345X05/doc4.xml
2025-10-02
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Insider Transaction
xslF345X05/doc4.xml
2025-09-04
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Insider Transaction
xslF345X05/doc4.xml
2025-08-21
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xslF345X05/doc4.xml
2025-08-07
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xslF345X05/doc4.xml
2025-07-02
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xslF345X05/doc4.xml
2025-07-02
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xslF345X05/doc4.xml
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xslF345X05/doc4.xml
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xslF345X05/doc4.xml
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xslF345X05/doc4.xml
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xslF345X05/doc4.xml
2025-06-06
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xslSCHEDULE_13G_X01/primary_doc.xml
2025-06-05
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PX14A6G
NATIONAL LEGAL AND POLICY CENTER - PX14A6G
2025-05-30
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