Paramount Vs Fox Stock: Which Is The Better Buy?

It’s amazing what a difference just a few short years makes. For decades, Fox Corporation (NASDAQ:FOX) and its predecessors were so akin to Paramount Global (NASDAQ:PARA) or more accurately its two predecessors, CBS Corporation and Viacom that to compare them was almost to embody that old saw about six and a half dozen.

But since 2018, Fox has sold out of scripted content and Paramount Global has dived headlong into paid streaming. Today, these are two very different companies, even though the market continues to bid them to similar market caps and Enterprise Values.

So which one should investors take?

Fox and Paramount Key Metrics

I want to focus on the operational prospects, so I will just briefly recap here. Fox is currently trading at a trailing P/E of almost 18, with just shy of $22 billion in Enterprise Value. Paramount, meanwhile,