(SPHR) Sphere Entertainment Co. - Overview

Sector: Communication Services | Industry: Entertainment | Exchange: NYSE (USA) | Market Cap: 3.784m USD | Total Return: 263.4% in 12m

Stock Live Entertainment, Media Networks, Streaming, Sports
Total Rating 57
Risk 59
Buy Signal 0.88
Entertainment +4.9
Movies & Entertainment +7.6
Market Cap: 3,784m
Avg Trading Vol: 92.5M USD
ATR: 5.06%
Peers RS (IBD): 98.3
Risk 5d forecast
Volatility52.6%
Rel. Tail Risk-9.72%
Reward TTM
Sharpe Ratio2.41
Alpha220.81
Character TTM
Beta1.998
Beta Downside3.084
Drawdowns 3y
Max DD52.29%
CAGR/Max DD1.25
EPS (Earnings per Share) EPS (Earnings per Share) of SPHR over the last years for every Quarter: "2021-03": -3.26, "2021-06": -4.85, "2021-09": -1.04, "2021-12": 0.28, "2022-03": -0.1, "2022-06": -2.38, "2022-09": -0.78, "2022-12": 2.38, "2023-03": 0.1, "2023-06": 10.21, "2023-09": 1.82, "2023-12": -1.35, "2024-03": -0.87, "2024-06": -1.69, "2024-09": -2.9522, "2024-12": -1.57, "2025-03": -1.6, "2025-06": 3.73, "2025-09": -1.12, "2025-12": 1.23,
EPS CAGR: 10.25%
EPS Trend: -5.4%
Last SUE: 0.73
Qual. Beats: 0
Revenue Revenue of SPHR over the last years for every Quarter: 2021-03: 214.318, 2021-06: 99.784, 2021-09: 294.51, 2021-12: 516.439, 2022-03: 352.534, 2022-06: 453.542, 2022-09: 123.129, 2022-12: 159.541, 2023-03: 162.062, 2023-06: -565.661, 2023-09: 118.007, 2023-12: 314.157, 2024-03: 321.33, 2024-06: 273.395, 2024-09: 227.913, 2024-12: 308.29, 2025-03: 280.574, 2025-06: 282.677, 2025-09: 262.511, 2025-12: 394.283,
Rev. CAGR: 3.03%
Rev. Trend: 17.1%
Last SUE: -0.11
Qual. Beats: 0
Risks
Fundamental:

P/E ratio: 144.027

Description: SPHR Sphere Entertainment Co. March 05, 2026

Sphere Entertainment Co. (SPHR) is a US-based live entertainment and media company. It operates two segments: Sphere and MSG Networks. The entertainment sector is highly competitive, focusing on unique experiences to attract audiences.

The Sphere segment focuses on multi-sensory entertainment experiences, utilizing advanced technologies. This business model relies on innovation and high-capital expenditure projects to differentiate its offerings.

The MSG Networks segment provides regional sports and entertainment content, including live games and streaming services. The media industry is increasingly shifting towards direct-to-consumer streaming models.

SPHR was founded in 2006 and was formerly known as Madison Square Garden Entertainment Corp. Further research on ValueRay can provide more detailed financial and operational insights.

Headlines to Watch Out For
  • Sphere venue attendance and event bookings drive revenue
  • MSG Networks subscriber growth impacts advertising income
  • Content rights costs for MSG Networks affect profitability
  • Sphere technology development and maintenance expenses weigh on margins
  • Live entertainment industry recovery boosts Sphere segment performance
Piotroski VR‑10 (Strict, 0-10) 4.0
Net Income: 33.4m TTM > 0 and > 6% of Revenue
FCF/TA: 0.05 > 0.02 and ΔFCF/TA 3.76 > 1.0
NWC/Revenue: 5.48% < 20% (prev -54.00%; Δ 59.47% < -1%)
CFO/TA 0.06 > 3% & CFO 243.3m > Net Income 33.4m
Net Debt (453.7m) to EBITDA (464.2m): 0.98 < 3
Current Ratio: 1.09 > 1.5 & < 3
Outstanding Shares: last quarter (46.9m) vs 12m ago 30.68% < -2%
Gross Margin: 51.64% > 18% (prev 0.46%; Δ 5.12k% > 0.5%)
Asset Turnover: 27.97% > 50% (prev 25.05%; Δ 2.92% > 0%)
Interest Coverage Ratio: 1.81 > 6 (EBITDA TTM 464.2m / Interest Expense TTM 70.5m)
Altman Z'' 0.06
A: 0.02 (Total Current Assets 810.2m - Total Current Liabilities 743.4m) / Total Assets 4.21b
B: -0.04 (Retained Earnings -186.4m / Total Assets 4.21b)
C: 0.03 (EBIT TTM 127.8m / Avg Total Assets 4.36b)
D: -0.09 (Book Value of Equity -186.9m / Total Liabilities 1.98b)
Altman-Z'' Score: 0.06 = B
Beneish M -3.05
DSRI: 1.06 (Receivables 206.9m/180.4m, Revenue 1.22b/1.13b)
GMI: 0.90 (GM 51.64% / 46.37%)
AQI: 1.03 (AQ_t 0.14 / AQ_t-1 0.14)
SGI: 1.08 (Revenue 1.22b / 1.13b)
TATA: -0.05 (NI 33.4m - CFO 243.3m) / TA 4.21b)
Beneish M-Score: -3.05 (Cap -4..+1) = AA
What is the price of SPHR shares? As of April 02, 2026, the stock is trading at USD 117.40 with a total of 1,075,609 shares traded.
Over the past week, the price has changed by +3.45%, over one month by +4.73%, over three months by +27.05% and over the past year by +263.39%.
Is SPHR a buy, sell or hold? Sphere Entertainment Co. has received a consensus analysts rating of 3.80. Therefor, it is recommend to hold SPHR.
  • StrongBuy: 4
  • Buy: 2
  • Hold: 3
  • Sell: 0
  • StrongSell: 1
What are the forecasts/targets for the SPHR price?
ISSUER TARGET UP/DOWN
Wallstreet Target Price 128.9 9.8%
Analysts Target Price 128.9 9.8%
SPHR Fundamental Data Overview April 01, 2026
P/E Trailing = 144.027
P/E Forward = 28.4091
P/S = 3.1014
P/B = 1.7078
Revenue TTM = 1.22b USD
EBIT TTM = 127.8m USD
EBITDA TTM = 464.2m USD
Long Term Debt = 767.4m USD (from longTermDebt, last quarter)
Short Term Debt = 80.2m USD (from shortTermDebt, last quarter)
Debt = 961.5m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 453.7m USD (from netDebt column, last quarter)
Enterprise Value = 4.24b USD (3.78b + Debt 961.5m - CCE 507.8m)
Interest Coverage Ratio = 1.81 (Ebit TTM 127.8m / Interest Expense TTM 70.5m)
EV/FCF = 22.19x (Enterprise Value 4.24b / FCF TTM 191.0m)
FCF Yield = 4.51% (FCF TTM 191.0m / Enterprise Value 4.24b)
FCF Margin = 15.66% (FCF TTM 191.0m / Revenue TTM 1.22b)
Net Margin = 2.74% (Net Income TTM 33.4m / Revenue TTM 1.22b)
Gross Margin = 51.64% ((Revenue TTM 1.22b - Cost of Revenue TTM 590.0m) / Revenue TTM)
Gross Margin QoQ = 58.57% (prev 47.82%)
Tobins Q-Ratio = 1.01 (Enterprise Value 4.24b / Total Assets 4.21b)
Interest Expense / Debt = 0.94% (Interest Expense 9.08m / Debt 961.5m)
Taxrate = 21.0% (US default 21%)
NOPAT = 100.9m (EBIT 127.8m * (1 - 21.00%))
Current Ratio = 1.09 (Total Current Assets 810.2m / Total Current Liabilities 743.4m)
Debt / Equity = 0.43 (Debt 961.5m / totalStockholderEquity, last quarter 2.23b)
Debt / EBITDA = 0.98 (Net Debt 453.7m / EBITDA 464.2m)
Debt / FCF = 2.38 (Net Debt 453.7m / FCF TTM 191.0m)
Total Stockholder Equity = 2.21b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.77% (Net Income 33.4m / Total Assets 4.21b)
RoE = 1.51% (Net Income TTM 33.4m / Total Stockholder Equity 2.21b)
RoCE = 4.29% (EBIT 127.8m / Capital Employed (Equity 2.21b + L.T.Debt 767.4m))
RoIC = 3.16% (NOPAT 100.9m / Invested Capital 3.19b)
WACC = 10.53% (E(3.78b)/V(4.75b) * Re(13.01%) + D(961.5m)/V(4.75b) * Rd(0.94%) * (1-Tc(0.21)))
Discount Rate = 13.01% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 15.20%
[DCF] Terminal Value 60.15% ; FCFF base≈128.7m ; Y1≈84.5m ; Y5≈38.6m
[DCF] Fair Price = 2.77 (EV 533.0m - Net Debt 453.7m = Equity 79.3m / Shares 28.6m; r=10.53% [WACC]; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: -5.35 | EPS CAGR: 10.25% | SUE: 0.73 | # QB: 0
Revenue Correlation: 17.13 | Revenue CAGR: 3.03% | SUE: -0.11 | # QB: 0
EPS current Year (2026-12-31): EPS=-2.27 | Chg7d=+1.067 | Chg30d=+1.193 | Revisions Net=+1 | Growth EPS=-183.0% | Growth Revenue=+10.4%
EPS next Year (2027-12-31): EPS=-1.94 | Chg7d=+0.970 | Chg30d=+1.355 | Revisions Net=+1 | Growth EPS=+14.5% | Growth Revenue=+1.6%
Additional Sources for SPHR Stock Fund Manager Positions: Dataroma · Stockcircle