Formula One Group (FWONA) Stock

Formula One Group (FWONA) is a Communication Services stock trading at $95.59 (as of 2026-08-20), with a market capitalization of $2.27B and a trailing P/E of 5.6. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Formula One Group participates in motorsports, holding commercial rights to the Formula One World Championship, a competition lasting about nine months. Teams pursue the constructors’ championship and drivers compete for the drivers’ championship, with the company operating in the United States and internationally.

Understand Formula One Group: how it makes money

Formula One Group runs the Formula One world championship and makes money by monetizing its commercial rights, including media rights, race promotion, sponsorship, and other revenue streams.

The company’s profit model is structurally tied to owning commercial rights for the Formula One world championship and converting that rights ownership into ongoing revenue streams such as media rights, race promotion, and sponsorship.

Business quality (Weak): Revenue is linked to Formula One commercial rights, but the provided revenue-by-category figures do not reconcile to the stated total revenue, so investors should confirm how segment reporting is defined.

Valuation: At 3× earnings, FWONA trades 81% below the Communication average (18×). Note: one-time items can distort reported P/E.

Bull case

  • Commercial rights centered business: The company holds commercial rights for the Formula One world championship, and its revenue includes media rights, race promotion, sponsorship, and other categories.
  • Operating profitability present: For the latest period shown (2026-03-31), operating margin is 9.0%.

Bear case

  • Revenue concentration by rights-driven streams: Because major revenue categories come from commercial rights monetization (media rights, race promotion, and sponsorship), changes in demand or contract terms affecting these streams could pressure results.
  • Potential reporting clarity risk: The provided revenue-by-category figures do not add up to the stated total revenue for the same period, which can make it harder to interpret the true mix without reconciling the definitions.
Valuation — source: SEC EDGAR (first-party)
Price$95.59
Market Cap$2.27B
P/E Ratio5.6
EV / EBITDA5.8
Price / Book0.30
Price / Sales0.52
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$4.48B
Net Margin12.4%
Return on Equity5.4%
Debt / Equity0.65
Current Ratio1.27
Revenue Growth (YoY)-30.4%
Financial Health — source: SEC EDGAR
Altman Z-Score1.33 (distress)
Valuation vs Sector & Industry
Stock P/E5.6
Sector P/E (Communication Services)24.4
Industry P/E (Communication)17.9
vs Sector-77.2%
vs Industry-68.9%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($188.79M)
Institutional Holders Tracked10
Congressional Trades (recent)2
Company
SectorCommunication Services
IndustryCommunication
CEOStefano Domenicali
Employees6,667
CountryUS
IPO Date2013-01-10

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FWONA earnings history · FWONA institutional & insider holders · FWONA KPIs & operating metrics · FWONA financials · FWONA investor presentations & press releases · FWONA SEC filings · FWONA peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.