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LBRDA
Liberty Broadband CorpNASDAQCommunication ServicesTelecom ServicesSnapshot 2026-06-12
Watch· this week
$34.12+5.05%
Close 2026-06-12 · 1-day change
Recent financial performance sits well below its industry cohort — worth keeping an eye on, though it has not freshly broken.
The bottom line
Recent financial performance is weak. Earnings quality is fragile. Risk is elevated, and the sector backdrop is a headwind. Compared with sector peers, LBRDA is above typical. Peer multiples imply a price about 31% above where it trades (it looks cheap on this basis); the read is cheap, value-trap risk. This trades below peer multiples, but recent financials are weak or earnings quality is fragile, historically a value-trap pattern. If sector bellwethers like TMUS, VZ, and T start missing or guiding lower, that could be a concern.
as of 2026-06-12
Quick facts
- Exchange
- NASDAQ
- Sector
- Communication Services
- Industry
- Telecom Services
- Market cap
- $4.67B
- Employees
- —
- IPO date
- 2014-07-25
- Next earnings
- —
Price
Daily closes. Earnings/event dots are placed inline.
Adjusted daily closes (split & dividend). Scroll over the chart to zoom; click a range to reset.
EarningsMaterial event
What's priced in
(what the market already expects)What it's worth (estimated)
A consensus fair price across 2 valuation methods, at three horizons. Current price $34.12. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
12-month· primaryexpensive
$24.34consensus
Range $17.27 – $31.40
vs price: +40% above
Method agreement — · 2 methods
No-growth: today's peer multiple on trailing earnings. The headline read.
3-yearfair
$35.37consensus
Range $24.49 – $46.26
vs price: -4% below
Method agreement — · 2 methods
Embeds projected growth. Leans optimistic by design. Upside context.
5-yearfair
How much to trust our fair value
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
Optionality premiumlow confidence
At $34, LBRDA's earnings are too small for P/E to mean much; on sales it trades at 5× p/s (3.3× the 1× p/s peer median). At a normal multiple the price implies ~40% near-term growth vs our ~7% forecast. That gap is an optionality premium a financial-multiple model can't price — our $24 fair value covers only the as-is business, low confidence. Not investment advice.
Multiple (P/S)
4.8x
peer 1.4x · own history —
Premium
3.3x peer
Growth the price needs
40%
our forecast 7%
Our fair value
$24.34
range $17.27 – $31.40
WhyPeer anchor understates a real premiumOptionality our model can't price
How this stock is priced
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
Long-term · 1–3 yr
expensivecheap — value-trap risk12-month view
What's priced inUnjustified
The market is pricing in roughly 40% near-term growth, well above our forecast of about 7%. This describes what's priced in, not a forecast of the move.
TTM earnings are negative, so the read leans on sales- and cash-flow-based methods rather than P/E. This is a data condition, not a forward call.
Elevated fragilityrisk posture, not a price call
Flags: expensive valuation, weak execution quality. Capped at elevated by the Crisis regime.
How strong is the business
(quality & execution)Factor signals
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Recent financial performance
weakOperating income rose in 2 of the last 3 quarter-over-quarter moves. Historically, Communication Services names rated weak grew net income 59% of the time over the next year (vs 53% for the rest of the cohort, n=701).
23rd pctl · Communication Services
Earnings quality
fragileOver the trailing year it converted 0.08x of net income into operating cash flow. Historically, Communication Services names rated fragile grew net income 43% of the time over the next year (vs 54% for the rest of the cohort, n=525).
4th pctl · Communication Services
Macro sensitivity
Most sensitive to the broad stock market.
- the broad stock market: This stock moves with the broad market (high beta).
Not enough signal to read sensitivity to real (inflation-adjusted) rates, Fed net liquidity, long-term interest rates, the US dollar.
Management & capital allocation
Earnings setup & market context
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
Sector context
Intermediate · WeeklySector phase: communication services is in declining, with may be transitioning (~0.2 years in phase).
Sector regime (90d momentum): headwind.Secular epoch: Mature by revenue growth · theme generative-AI.headwind-13.9%sector vs S&P 500, 60d
via XLC
Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive. Historically, headwind regimes have averaged stronger forward returns than tailwind.
AI cycle regime · market-wide
2-axis classifierLong-term · 1–3 yr
Management scorecard
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Long-term · 1–3 yr
Overall: strongProvisional
- Capital allocation
- strong
- Margin discipline
- neutral
- Balance sheet
- strong
A guidance track record builds as the company issues and delivers on guidance.
as of 2026-06-12
What management is focused on
How bumpy is the path
(risk while you hold it)Risk: how this stock moves
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
Intermediate · WeeklyLong-term · 1–3 yr
On a typical day, $10k can swing ±$163.
How much price usually moves either way.
On a bad day, this stock has moved -$431.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $6,669.
Deepest peak-to-trough drop in the last year.
elevatedas of 2026-06-12
Past results, not a forecast. Not investment advice.
What would change the read
(catalysts & re-read triggers)What changed
The most important moves since the prior daily snapshot.
Short-term · Daily
- score change · composite_insight_scoremoderate change
Composite insight fell by 24.1 points (from 15.1 to -9.0).
- label change · signal_labelmoderate change
Signal changed from 'mild_favorable' to 'mixed'.
- label change · valuation_labelsmall change
Valuation label changed from 'inexpensive' to 'expensive'.
- provisional transition · is_provisionalsmall change
Row flagged provisional (some sub-scores became unavailable).
What to watch next
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
No named catalysts to watch right now. Check back after the next earnings report.
News catalysts
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
No graded news catalysts for LBRDA yet.
This sector is also watching
- Watch for revenue growth cooling below 10% YoY
What could change this view
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Intermediate · Weekly
Upside triggers
- If the Fed starts cutting rates from the current 3.62%, that would be a tailwind for LBRDA and other Communication Services names, since rate-sensitive parts of the market tend to rally when the Fed eases.
- If sector bellwethers like TMUS, VZ, and T keep beating earnings and guiding higher, the Communication Services sector momentum should keep lifting LBRDA and other Communication Services names. Worth watching these names for early signals.
Downside triggers
- If sector bellwethers like TMUS, VZ, and T start missing or guiding lower, the Communication Services tailwind helping LBRDA and other Communication Services names could fade. Watch these names for early warning.
- If GDP growth slows materially from the current 2.6% (say, below 2%), it hits LBRDA and other Communication Services names harder than the average stock, since the sector is growth-sensitive.
- If inflation reaccelerates, say headline CPI back above 3.5% (currently 2.8%), that would delay Fed rate cuts, which is a drag on LBRDA and other Communication Services names.
Recent events
(material 8-K / filing activity)Material updates
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
No material events in the last 90 days.
Score history
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
-26 vs last weeklatest as of 2026-06-13
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.