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Thursday 5 November 2026 Export SPHR’s income statement to Excel — free account

Sphere Entertainment Co.

SPHR Communication Services Entertainment

Sphere Entertainment Co.’s revenue for fiscal 2025 (year ended December 2025) was $1.2 billion, up 18.8% from fiscal 2024.

Revenue
+11.0%
EPS
−125.6%
Free cash flow
−92.9%
Total debt
−12.3%

Quarter to June 2026, against a year earlier

108.82 3.77 +3.59%
Market cap
$3.9B
P/E
0.0×
Fwd P/E
−41.1×
Dividend yield
—
F-score
n/a
Altman Z
1.11
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Sphere Entertainment Co. (SPHR) P/B ratio

Alert me on P/B ratio

As of 4 November 2026, Sphere Entertainment Co. (SPHR) trades at a P/B ratio of 1.8×. Over the past ten years it has ranged from 0.2× (August 2020) to 2.9× (August 2026); the current reading is higher than 90% of that period. That is in line with the Entertainment industry median of 1.8× and above the Communication Services sector median of 1.3×.

P/B ratio, daily

Embed this chart

Annual newest first

Period P/B ratio Change
FY2025 1.5× 201.22%
FY2024 0.5× 38.80%
FY2023 0.4× (11.81%)
FY2022 0.4× (30.49%)
FY2021 0.6× 107.91%
FY2020 0.3× (16.80%)
FY2019 0.3× 0.00%
FY2018 0.3× 0.00%
FY2017 0.3× 0.00%
FY2017 0.3× —

Quarterly newest first

Period P/B ratio Change
Jun 2026 2.8× 49.83%
Mar 2026 1.9× 22.02%
Dec 2025 1.5× 47.16%
Sep 2025 1.0× 59.19%
23 more quarters

Against its own ten years

Low 0.2× High 2.9×
Ten-year median 0.5×
Current reading's percentile 90

P/B ratio against peers

Company P/B ratio
AMC AMC Entertainment Holdings, Inc. compare n/m
LION Lionsgate Studios Corp. compare n/m
VSNT Versant Media Group, Inc. compare 0.6×
SPHR Sphere Entertainment Co. 1.8×
BATRA Atlanta Braves Holdings, Inc. compare 6.5×
CNK Cinemark Holdings Inc compare 9.2×
BATRK Atlanta Braves Holdings, Inc. compare 13.4×
MANU Manchester United Ltd. compare 19.6×
MSGE Madison Square Garden Entertainment Corp. compare 81.6×
Entertainment industry median 1.8×
Communication Services sector median 1.3×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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