# Sphere Entertainment Co. (SPHR) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Consumer Cyclical. Price $142.42, market value $5.1 billion.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Sphere Entertainment Co. reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / sales: 3.8×**. Each dollar of revenue is priced at 3.8×.
- **Price / book: 2.3×**. The shares trade at 2.3× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 29.9×**. Enterprise value is 29.9× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.

## Profitability
- **Operating margin: -11.4%**. Operating margin is negative: the business loses money before interest and tax.
- **Net margin: 2.7%**. 2.7% of each dollar of sales reaches the bottom line.
- **Return on equity: 1.5%**. 1.5% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: -4.8%**. Return on all capital, debt included, is -4.8%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -1.7%**. Each dollar of assets produces -1.7% of profit.

## Growth
- **Revenue growth (1 yr): 19.0%** (3-yr 26.1%/yr, 5-yr -3.2%/yr). Revenue grew 19.0% over the last year, against -3.2% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 113.0%** (5-yr -32.3%/yr). Earnings per share rose 113.0%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Debt to equity: 0.37**. Debt is 0.37 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 1.8×**. It would take 1.8 years of operating earnings to repay net borrowings, within the comfortable range.
- **Altman Z-score: 2.40**. A Z-score of 2.40 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Sphere Entertainment Co. does not currently pay a dividend.

## Analyst view
- **Analyst consensus: strong_buy** (13 analysts). 13 analysts cover Sphere Entertainment Co.; the consensus is strong_buy, with an average price target of $179.92 (+26% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 194.0%** (YTD 49.8%, 3-mo 2.1%). The shares are up 194.0% over twelve months including dividends.
- **From 52-week high: -21.6%** (177.4% above the low). Trading 22% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 43**. An RSI of 43 is neutral.
- **Beta (1 yr): 1.37** (volatility 53%). Beta of 1.37 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=SPHR · Page: https://foliofundamentals.com/stocks/sphr

Not investment advice.