Overview Dividends

(SPHR) Sphere Entertainment Co. - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US55826T1025

Sphere Venues, Sports Networks, Streaming

Movies & Entertainment
Market Cap in USD: 2,979m
IPO / Inception: 2020-04-09
Return 12m vs S&P 500: 105%

Dividends

Currently no dividends paid
Risk via 10d forecast
Volatility 51.7%
Value at Risk 5%th 79.3%
Relative Tail Risk -6.77%
Reward TTM
Sharpe Ratio 1.78
Alpha 122.96
CAGR/Max DD 1.26
Character TTM
Hurst Exponent 0.600
Beta 1.626
Beta Downside 1.882
Drawdowns 3y
Max DD 52.29%
Mean DD 15.20%
Median DD 15.08%

Description: SPHR Sphere Entertainment Co. November 13, 2025

Sphere Entertainment Co. (NYSE: SPHR) is a U.S.-based live-entertainment and media operator that runs two distinct businesses: the “Sphere” segment, which develops technology-driven, multi-sensory venues (e.g., the Las Vegas “MSG Sphere”), and the MSG Networks segment, which owns regional sports and entertainment cable channels plus direct-to-consumer streaming services that carry live local games and related programming. The company rebranded from Madison Square Garden Entertainment Corp. in April 2023 and traces its origins to 2006.

Recent financial disclosures (Q2 2024) show the Sphere segment contributing roughly 55 % of total revenue, with a year-over-year increase of 12 % driven by higher ticket prices and expanding corporate-event bookings; MSG Networks posted a 4 % subscriber growth in its streaming tier, offset by modest declines in traditional cable carriage. Key macro drivers include consumer discretionary spending trends (which have been resilient despite inflationary pressures) and the escalating cost of sports-rights licensing that can compress margins for regional networks.

For a deeper, data-rich assessment of SPHR’s valuation dynamics, you might explore the company’s profile on ValueRay.

Piotroski VR‑10 (Strict, 0-10) 2.5

Net Income (-157.3m TTM) > 0 and > 6% of Revenue (6% = 68.0m TTM)
FCFTA 0.01 (>2.0%) and ΔFCFTA 1.44pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)
NWC/Revenue -2.72% (prev -50.97%; Δ 48.25pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)
CFO/TA 0.02 (>3.0%) and CFO 69.9m > Net Income -157.3m (YES >=105%, WARN >=100%)
Net Debt (490.0m) to EBITDA (352.5m) ratio: 1.39 <= 3.0 (WARN <= 3.5)
Current Ratio 0.96 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)
Outstanding Shares last Quarter (35.3m) change vs 12m ago -1.02% (target <= -2.0% for YES)
Gross Margin 40.29% (prev 32.69%; Δ 7.61pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)
Asset Turnover 25.98% (prev 24.75%; Δ 1.22pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)
Interest Coverage Ratio 0.93 (EBITDA TTM 352.5m / Interest Expense TTM 91.9m) >= 6 (WARN >= 3)

Altman Z'' -0.25

(A) -0.01 = (Total Current Assets 666.4m - Total Current Liabilities 697.2m) / Total Assets 4.14b
(B) -0.06 = Retained Earnings (Balance) -251.2m / Total Assets 4.14b
(C) 0.02 = EBIT TTM 85.6m / Avg Total Assets 4.37b
(D) -0.13 = Book Value of Equity -251.2m / Total Liabilities 1.98b
Total Rating: -0.25 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 43.26

1. Piotroski 2.50pt
2. FCF Yield 1.25%
3. FCF Margin 4.52%
4. Debt/Equity 0.70
5. Debt/Ebitda 1.39
6. ROIC - WACC (= -6.15)%
7. RoE -7.14%
8. Rev. Trend 4.71%
9. EPS Trend -17.67%

What is the price of SPHR shares?

As of December 14, 2025, the stock is trading at USD 89.79 with a total of 978,946 shares traded.
Over the past week, the price has changed by +6.50%, over one month by +12.11%, over three months by +53.93% and over the past year by +133.83%.

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.
  • Strong Buy: 4
  • Buy: 2
  • Hold: 3
  • Sell: 0
  • Strong Sell: 1

What are the forecasts/targets for the SPHR price?

Issuer Target Up/Down from current
Wallstreet Target Price 76.4 -14.9%
Analysts Target Price 76.4 -14.9%
ValueRay Target Price 111.3 24%

SPHR Fundamental Data Overview December 06, 2025

Market Cap USD = 2.98b (2.98b USD * 1.0 USD.USD)
P/E Forward = 28.4091
P/S = 2.7701
P/B = 1.335
Beta = 1.785
Revenue TTM = 1.13b USD
EBIT TTM = 85.6m USD
EBITDA TTM = 352.5m USD
Long Term Debt = 786.1m USD (from longTermDebt, last quarter)
Short Term Debt = 88.8m USD (from shortLongTermDebt, last quarter)
Debt = 1.52b USD (from shortLongTermDebtTotal, last fiscal year)
Net Debt = 490.0m USD (from netDebt column, last quarter)
Enterprise Value = 4.11b USD (2.98b + Debt 1.52b - CCE 384.8m)
Interest Coverage Ratio = 0.93 (Ebit TTM 85.6m / Interest Expense TTM 91.9m)
FCF Yield = 1.25% (FCF TTM 51.2m / Enterprise Value 4.11b)
FCF Margin = 4.52% (FCF TTM 51.2m / Revenue TTM 1.13b)
Net Margin = -13.87% (Net Income TTM -157.3m / Revenue TTM 1.13b)
Gross Margin = 40.29% ((Revenue TTM 1.13b - Cost of Revenue TTM 677.1m) / Revenue TTM)
Gross Margin QoQ = 47.82% (prev 53.54%)
Tobins Q-Ratio = 0.99 (Enterprise Value 4.11b / Total Assets 4.14b)
Interest Expense / Debt = 0.62% (Interest Expense 9.40m / Debt 1.52b)
Taxrate = 25.98% (-35.5m / -136.7m)
NOPAT = 63.4m (EBIT 85.6m * (1 - 25.98%))
Current Ratio = 0.96 (Total Current Assets 666.4m / Total Current Liabilities 697.2m)
Debt / Equity = 0.70 (Debt 1.52b / totalStockholderEquity, last quarter 2.16b)
Debt / EBITDA = 1.39 (Net Debt 490.0m / EBITDA 352.5m)
Debt / FCF = 9.56 (Net Debt 490.0m / FCF TTM 51.2m)
Total Stockholder Equity = 2.20b (last 4 quarters mean from totalStockholderEquity)
RoA = -3.80% (Net Income -157.3m / Total Assets 4.14b)
RoE = -7.14% (Net Income TTM -157.3m / Total Stockholder Equity 2.20b)
RoCE = 2.86% (EBIT 85.6m / Capital Employed (Equity 2.20b + L.T.Debt 786.1m))
RoIC = 1.96% (NOPAT 63.4m / Invested Capital 3.23b)
WACC = 8.11% (E(2.98b)/V(4.50b) * Re(12.01%) + D(1.52b)/V(4.50b) * Rd(0.62%) * (1-Tc(0.26)))
Discount Rate = 12.01% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.01%
[DCF Debug] Terminal Value 54.90% ; FCFE base≈51.2m ; Y1≈33.6m ; Y5≈15.4m
Fair Price DCF = 6.39 (DCF Value 181.7m / Shares Outstanding 28.4m; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: -17.67 | EPS CAGR: -13.24% | SUE: 0.37 | # QB: 0
Revenue Correlation: 4.71 | Revenue CAGR: -16.51% | SUE: -0.11 | # QB: 0
EPS next Quarter (2026-03-31): EPS=-0.64 | Chg30d=+0.120 | Revisions Net=+1 | Analysts=2
EPS next Year (2026-12-31): EPS=-3.69 | Chg30d=+0.438 | Revisions Net=+2 | Growth EPS=-151.0% | Growth Revenue=+9.4%

Additional Sources for SPHR Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle