• On 27 June 2026, Formula One Group’s FWON.A and FWON.K shares were removed from multiple Russell growth benchmarks, including the Russell 1000 and Russell 3000 Growth indices.
• This broad index removal can force passive and benchmarked funds to rebalance, potentially amplifying trading volumes and reshaping how investors view Formula One Group’s role in growth portfolios.
• We’ll now examine how Formula One Group’s removal from several Russell growth indices could affect its existing investment narrative and risk profile.

Uncover the next big thing with 21 elite penny stocks that balance risk and reward.

Formula One Group Investment Narrative Recap

To own Formula One Group, you need to believe its global motorsport and media franchises can keep converting fan attention into resilient cash flows, despite high costs and leveraged expansion. The broad removal of FWON.A and FWON.K from multiple Russell growth indices may affect short term trading but does not directly change core fundamentals; the more immediate watchpoints remain cost pressure, one off revenue comparisons, and balance sheet flexibility after the MotoGP deal.

The most relevant recent development is the strong Q1 2026 result, with revenue of US$711 million and net income of US$57 million. That print helps frame how investors interpret the index removals: some may focus on past one off boosts and compressed margins, while others look at underlying earnings power and fan monetization ahead of future media rights decisions and new race investments.

Yet, while index removal looks technical, investors should still pay close attention to rising leverage and interest coverage...

Formula One Group's narrative projects $5.3 billion revenue and $758.1 million earnings by 2028. This requires 11.3% yearly revenue growth and about a $485 million earnings increase from $273.0 million today.

Uncover how Formula One Group's forecasts yield a $117.27 fair value, a 27% upside to its current price.

Exploring Other Perspectives

Before this index change, the most optimistic analysts were banking on revenue reaching about US$6.1 billion and earnings near US$946 million, which is far more upbeat than views that emphasize environmental and media fragmentation risks, reminding you that opinions can differ widely and both bullish and cautious narratives may need revisiting after this news.

Explore 5 other fair value estimates on Formula One Group - why the stock might be worth as much as 46% more than the current price!

Decide For Yourself

Don't just follow the ticker - dig into the data and build a conviction that's truly your own.

• A great starting point for your Formula One Group research is our analysis highlighting 3 key rewards and 2 important warning signs that could impact your investment decision.
• Our free Formula One Group research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Formula One Group's overall financial health at a glance.

Ready To Venture Into Other Investment Styles?

Our daily scans reveal stocks with breakout potential. Don't miss this chance:

• Rare earth metals are an input to most high-tech devices, military and defence systems and electric vehicles. The global race is on to secure supply of these critical minerals. Beat the pack to uncover the 30 best rare earth metal stocks of the very few that mine this essential strategic resource.
• AI is about to change healthcare. These 40 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early.
• The best AI stocks today may lie beyond giants like Nvidia and Microsoft. Find the next big opportunity with these 15 smaller AI-focused companies with strong growth potential through early-stage innovation in machine learning, automation, and data intelligence that could fund your retirement.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.