Subject: Re: DIS improving?
For a broader context, the price/sales ratio is now in the vicinity of 2 (a little lower) which is similar to its long-term average. It shot up to 5 over the last couple of years.

As you quoted, it was just priced spectacularly high during late 2020 and early 2021 especially. Note also that Disney is struggling with its operating margins (around 8% now) despite having time to recover (?) after the Covid disruptions. The operating margin was generally around 20% looking further back.

- Manlobbi