Fox Corporation Class B Common Stock

FOX trades at a 13.5 P/E with an RSI of 55.4—neither stretched nor deeply depressed—suggesting equilibrium pricing for a $23.4B broadcaster. The 8.02% short interest is meaningful but not extreme, indicating moderate skepticism rather than conviction bearish positioning. Notably, the stock sits below its 52-week high, implying it hasn't recovered to recent peaks despite moderate valuations. For a legacy media play, this valuation looks reasonable relative to sector cyclicality, though the broadcasting industry's structural headwinds (cord-cutting, ad fragmentation) mean the multiple compression may be justified rather than an opportunity.