Competitive Comparison

Netflix vs. Disney

The profitable, cash-generative subscription business I hold against the larger, more diversified media conglomerate I don't — both real, both real cash flows, different risk profiles.

Metric	Netflix (NFLX)	Walt Disney (DIS)
PEG ratio	1.06	2.23
P/E ratio (TTM)	23.22 (forward 21.27)	21.33 (forward 13.87)
EV/EBITDA	21.50x	11.51x

PEG ratio, compared

DIS

2.23

NFLX

1.06

Same PEG ratio figures as the table above, plotted for a direct read. Bold = held in this book.

Market cap, P/E, PEG, EV/EBITDA, and capex sourced via public filings and financial-data aggregators (GuruFocus, StockAnalysis, company earnings releases), as of August 2026. PEG ratio sourced primarily from GuruFocus where available; different providers use different growth-rate assumptions, so figures elsewhere for the same stock can vary by several multiples. Gold-highlighted column(s) indicate the name(s) actually held in this book.

Why Netflix, not Disney — another honest admission

Disney still screens cheaper on EV/EBITDA (11.51x vs. 21.50x), but the PEG picture has flipped since the prior update — Netflix now screens as the cheaper of the two on a growth-adjusted basis (1.06 vs. Disney's 2.23), a reversal worth noting rather than smoothing over. I hold Netflix because it's a purer, simpler business — streaming and advertising, without Disney's parks, studios, and legacy linear-TV segments that each carry their own separate risk factors and turnaround stories layered on top of the streaming comparison. Netflix is my deliberate test of whether a boring, profitable subscription business belongs next to the far more speculative AI names elsewhere in the book; Disney remains a reasonable alternative on a pure EV/EBITDA basis, just with more moving parts to underwrite and, on this update, a richer growth-adjusted multiple.