Comcast

Methodology

Comcast's cable broadband, NBCUniversal content, and theme parks create diversified earnings with broadband providing stability offsetting video declines and entertainment cyclicality. The company's scale advantages in high-speed internet and media content provide competitive moats. This calculation is moderately reliable for Comcast, though video cord-cutting, Peacock streaming losses, and theme park volatility create complexity requiring segment-level normalization.

Methodology

Comcast's PEG ratio typically ranges from 1.0-1.8, reflecting moderate valuations for a cable/media conglomerate with broadband growth offsetting video decline and streaming investments. The company's free cash flow generation and capital return program justify reasonable multiples, but cord-cutting and streaming competition limit upside. Compare to other cable operators and media companies to assess Comcast's positioning across both distribution and content.

Methodology

Comcast's dividend yield (around 2.0-3.0%) combined with substantial share buybacks makes PEGY relevant for assessing total capital returns. The company's strong free cash flow from broadband and content supports aggressive shareholder returns despite heavy Peacock streaming investments. PEGY better captures the total return proposition for Comcast, where management's disciplined capital allocation enhances returns beyond operational performance in maturing cable and competitive streaming markets.