$Disney(DIS.US) Disney released its fiscal Q3 2026, barring the slight top-line miss, it was an overall solid performance from the entertainment giant whose shares have otherwise underperformed terribly and have practically gone nowhere over the last decade. Despite the post-earnings rally yesterday, DIS is down 9.25% for the year. The divergence between Disney’s earnings and stock price has pushed down its valuations, and its forward price-to-earnings (P/E) multiple currently sits at 14.37 times. In its fiscal Q3 shareholder letter, Disney said that it finds its shares “undervalued” and put its money where its mouth is. The company increased its share buyback program for the current fiscal year and now expects to repurchase at least $9 billion of its shares. The original plan for the year was $7 billion, which the company subsequently raised to $8 billion. Now, it plans to use the $1.2 billion cash proceeds from its stake sale in A+E Global Media to repurchase its shares and has thereby increased its target. Toy Story is an example that Disney CEO Josh D’Amaro cited during the earnings call and pointed out that, apart from $4 billion in box office collections between the five movies, including $1 billion from the latest one, the franchise has amassed more than two billion hours streamed on the company’s streaming platform. Moreover, that IP generates annual retail sales of over a billion dollars across different channels, including parks and hotels. @Captain's Treasure