| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 67 | — | 17.3x | Top tier | |
Growth | 19 | 5.4% | 7.1% | Bottom tier | |
Quality | 43 | -1.3% | 4.5% | Around median | |
Safety | 41 | 6.7x | 2.6x | Around median | |
Capital Return | 76 | 0.00% | 0.06% | Top tier | |
Momentum | 18 | -12.8% | -1.6% | Bottom tier | |
Sentiment | 68 | 2 | 3 | Top tier |
10-year US Treasury yield 4.96% as of 2026-10-22. Estimates computed from company data and analyst targets, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Liberty Global plc operates through a portfolio of European telecommunications assets, including VodafoneZiggo in the Netherlands, Telenet in Belgium, stakes in Virgin Media O2 in the United Kingdom, and Virgin Media Ireland. Operating revenue comes from broadband, mobile communications, content, bundled solutions, and wholesale services, while the group also generates revenue from technical, financial, and administrative services provided to telecommunications companies and Liberty Growth portfolio companies. According to management’s presentation on July 24, 2026, the telecommunications assets underpinning the group generate approximately $22 billion in revenue and $8 billion in EBITDA on an aggregate basis.
Liberty Global recorded revenue of $1.2 billion and gross profit of $796.6 million in Q2 FY2026, equivalent to a gross margin of approximately 66%, but incurred a net loss of $365.1 million and a loss per share of $1.07. This compares with revenue of $1.3 billion, gross profit of $848.0 million, and net income of $337.8 million in Q1 FY2026. The 2026 trailing-twelve-month data show revenue of approximately $4.9 billion, gross profit of approximately $3.3 billion, and a net loss of approximately $3.0 billion.
Performance across the portfolio varied in Q2 FY2026; VodafoneZiggo recorded its first quarter of positive broadband net additions since Q4 FY2022 and added 32 thousand postpaid mobile subscribers, while Virgin Media O2 remained under pressure from competition and subscriber losses. Service revenue at Virgin Media Ireland declined modestly, while Telenet’s revenue was affected by the non-renewal of Belgian football rights for one season and a settlement related to a value-added tax dispute. This mix means that improvement in the Netherlands is offset by operational and earnings weakness in the United Kingdom and Ireland, as well as some temporary pressures in Belgium.
Automated analysis for informational purposes only — not investment advice.
The analyst consensus rating for LBTYA stock is “Buy,” with an average price target of $13.3 and a wide range from $10 to $18; the average is near the top of the 52-week range of $13.52, while the highest target is clearly above that peak. No positive price-to-earnings multiple is available because of the 2026 trailing-twelve-month net loss of approximately $3.0 billion, so the valuation is based more on asset value, liquidity, and execution of the Ziggo Group spin-off than on current accounting earnings. The large gap between the lowest and highest targets reflects uncertainty about competition in the United Kingdom, leverage, and the group’s ability to convert asset sales and the improvement in the Netherlands into sustainable cash flow.
Figures in the text are as of 2026-08-31; the live price is shown at the top of the page.
The thesis centers on unlocking the value of the European telecommunications assets through the Ziggo Group spin-off, after management identified mid-2027 as the target timeframe for the transaction. The new group is targeting free cash flow of €500 million and leverage of 4.5 times within the 2028 timeframe. Liberty Global also raised its FY2026 year-end cash target from $1.5 billion to $2 billion, supported by Liberty Growth monetization and the Wyre loan.
VodafoneZiggo recorded its first quarter of positive broadband net additions since Q4 FY2022, after losing 26 thousand subscribers in Q2 FY2025. The business added 32 thousand postpaid mobile subscribers, while fixed average revenue per user remained at approximately €56. Management attributed the improvement to pricing that was more aligned with the market, higher speeds, a Wi‑Fi guarantee, the ESPN package, and connectivity marketing, with growth expected to continue during the second half of FY2026.
The Q2 FY2026 financial statements showed revenue of $1.2 billion and gross profit of $796.6 million, but recorded a net loss of $365.1 million. The 2026 trailing-twelve-month loss reached approximately $3.0 billion, following a net loss of $7.1 billion in FY2025. These losses coincided with declines in adjusted EBITDA of 2.9% at Virgin Media O2 and 4.7% at Virgin Media Ireland, as well as high capital expenditure in the United Kingdom.
Liberty Global invested a total of $177 million in EdgeConneX since 2015, then generated $726 million from staged sales and the final exit in Q2 FY2026. This is equivalent to approximately four times invested capital and an internal rate of return of approximately 30%. The transaction helped the company end the quarter with a consolidated cash balance of $2.4 billion and raised its FY2026 year-end cash target to $2 billion.
The most significant risk is competition in the United Kingdom market, where the average selling price declined 4% compared with Q2 FY2025 and Virgin Media O2’s fixed average revenue per user fell 4.6%. Broadband and mobile subscriber losses also continued, despite improving compared with the previous year. Leverage above the target range of four to five times, together with capital expenditure equal to 22% of sales, increases the business’s sensitivity to continued pricing pressure.
Virgin Media O2’s personalization engine reached 65% of the customer base and is used to improve retention and identify appropriate offers. In the Netherlands, generative artificial intelligence trials achieved a call-containment rate of 75%, alongside applications to reduce fraud, technician visits, and network costs. Management expects annual savings of hundreds of millions of dollars but confirmed on July 24, 2026 that estimates of reducing expenses by between 20% and 40%, and by up to 70% in customer service, are not formal guidance.