Sphere Entertainment Co (SPHR)

Sphere Entertainment Co. is a New York-based live entertainment and media company listed on the NYSE as common stock under the ticker SPHR. The company operates through two segments: Sphere and MSG Networks. Its Sphere segment focuses on entertainment experiences enabled by technology and designed to deliver multi-sensory events. The MSG Networks segment operates regional sports and entertainment networks and also provides direct-to-consumer and authenticated streaming services, along with sports programming such as live local games and related content. The company was founded in 2006 and adopted the Sphere Entertainment Co. name in April 2023, having previously operated as Madison Square Garden Entertainment Corp.


Jump directly to the stock analysis sections supported by the latest available data.

Data update note: Fair value and stock analysis metrics are updated after regular market sessions when new data becomes available.
Ticker Fair Value Fair Value Upside/Downside Fair Value Rating Analyst Price Target Analyst Target Upside/Downside Analyst Target Rating Overall Financial Health Dividend Yield Next Earnings Date Price-to-Book Ratio Price-to-Sales Ratio Market Cap Enterprise Value Total Debt / Total Capital Free Float / Shares Outstanding Altman Z-Score Free Cash Flow / Net Income
NYSE-SPHR
$124.40
-14.3% Downside
Fair
$179.92
23.9% Upside
Undervalued
Good
0.0%
November 10, 2026
2.3x
3.8x
5.214 B
5.577 B
14.9%
69.0%
2.0
-467.3%
Valuation • Fair Value

Sphere Entertainment Co (NYSE-SPHR) Fair Value by Valuation Model

Review the available estimates for Sphere Entertainment Co (NYSE-SPHR), including DCF Fair Value, Comps Fair Value.

Primary Valuation Read

Fair Value

$124.40

Estimated downside of 14.3% versus the current market price.

Fair Value Confidence

Med

Confidence level for the primary fair value estimate.

DCF Fair Value

$136.13

Discounted cash flow valuation reference.

Comps Fair Value

$112.66

Comparable-company valuation reference.

Analyst Price Target

$179.92

Analysts imply upside of 23.9%.

How to read these valuation models

Use the 5 available valuation references for Sphere Entertainment Co (NYSE-SPHR) as analytical inputs, not a standalone conclusion. Valuation methods can differ because they rely on different assumptions, time horizons and financial inputs; compare the estimates with the current price and the company’s financial quality.

Profitability • Growth

Profitability & Growth for Sphere Entertainment Co (NYSE-SPHR)

Review the profitability and growth indicators currently supported by the latest data.

Revenue

1.357 B

Current operating scale indicator.

Revenue Forecast

1.367 B

Forward revenue estimate.

EBITDA

254.4 M

Current operating profitability reference.

EBITDA Forecast

321.6 M

Forward operating profitability estimate.

How to read profitability and growth

This section helps investors review Sphere Entertainment Co (NYSE-SPHR) from an operating perspective by combining current scale, forward revenue expectations and EBITDA-related profitability measures.

Quality • Risk

Quality & Financial Risk for Sphere Entertainment Co (NYSE-SPHR)

Review the financial quality and risk indicators currently supported by the latest data.

Financial Health

Good

Positive financial-health read.

Piotroski Score

8

Relatively strong quality score.

Beneish M-Score

-3.08

No elevated caution signal from this screen.

Altman Z-Score

2.0

Intermediate risk zone.

FCF / Net Income

-467.3%

Cash conversion quality indicator.

How to read quality and risk

This section combines quality, balance-sheet and accounting-risk indicators for Sphere Entertainment Co (NYSE-SPHR). Read the metrics together: no single score is a complete investment conclusion, but the combined view can highlight financial strength, earnings quality and areas that may deserve closer review.

Events • Dividends

Upcoming Events & Dividends for Sphere Entertainment Co (NYSE-SPHR)

Track the upcoming dates and dividend metrics currently supported by the latest data.

Next Earnings Date

November 10, 2026

Days to Earnings

53

Dividend Yield

0.0%

No current dividend yield is indicated.

How to read events and dividends

This section helps investors track time-sensitive items for Sphere Entertainment Co (NYSE-SPHR), including the next earnings date and dividend-related milestones. These items can matter for short-term volatility, income planning and event-driven positioning.

Stock Forecast • Technical Outlook

Sphere Entertainment Co (NYSE-SPHR) Stock Forecast & Technical Outlook

Review Sphere Entertainment Co (NYSE-SPHR) across multiple technical time frames, alongside analyst recommendation data, to form a faster read on market positioning and near-term sentiment.

Technical Signals by Time Frame

Switch between time frames to review the current technical signal for the stock.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: 15-minute • intraday
Strong Buy

The 15-minute technical read for Sphere Entertainment Co (NYSE-SPHR) is currently Strong Buy. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: 1-hour • short-term
Buy

The 1-hour technical read for Sphere Entertainment Co (NYSE-SPHR) is currently Buy. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: daily • daily
Neutral

The daily technical read for Sphere Entertainment Co (NYSE-SPHR) is currently Neutral. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: weekly • weekly
Neutral

The weekly technical read for Sphere Entertainment Co (NYSE-SPHR) is currently Neutral. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: monthly • monthly
Strong Buy

The monthly technical read for Sphere Entertainment Co (NYSE-SPHR) is currently Strong Buy. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Analyst Consensus for Sphere Entertainment Co (NYSE-SPHR)

A consolidated view of buy, hold and sell recommendations based on the currently available analyst data.

Strong Sell Sell Neutral Buy Strong Buy
Consolidated analyst recommendation mix
Strong Buy

Based on the available recommendation mix, Sphere Entertainment Co (NYSE-SPHR) has a Strong Buy consensus, with 8 buy, 1 hold and 0 sell recommendations in the current data set.

Buy 8
Hold 1
Sell 0
FAQ Fast Investor Answers

Sphere Entertainment Co (NYSE-SPHR) Stock FAQ

Data-supported answers about Sphere Entertainment Co (NYSE-SPHR), including explicit coverage status where a reliable valuation estimate is not currently available.

Fair Value
$124.40
Estimated downside 14.3%
Valuation Rating
Overvalued
Estimated downside of 14.3%
Analyst Target
$179.92
Implied upside 23.9%
Financial Health
Good
Current financial-health read

The current fair value estimate for Sphere Entertainment Co (NYSE-SPHR) is $124.40. This implies an estimated downside of 14.3% versus the current market price.

Based on the current fair value estimate, the stock appears overvalued, with estimated downside of 14.3% versus the current market price.

The available analyst price target for Sphere Entertainment Co (NYSE-SPHR) is $179.92. The analyst target implies estimated upside of 23.9%.

The current financial health read for Sphere Entertainment Co (NYSE-SPHR) is Good. This should be reviewed alongside valuation, profitability, debt and cash-flow quality metrics.

The next earnings date currently listed for Sphere Entertainment Co (NYSE-SPHR) is November 10, 2026.

The latest available data indicates no current dividend yield for Sphere Entertainment Co (NYSE-SPHR).

The current market capitalization listed for Sphere Entertainment Co is 5.214 B.

The current enterprise value listed for Sphere Entertainment Co is 5.577 B. Enterprise value can provide a broader valuation view than market capitalization alone because it also considers net debt.

The ticker symbol for Sphere Entertainment Co is NYSE-SPHR, and the stock is listed on NYSE.

Sphere Entertainment Co (NYSE-SPHR) is listed on NYSE.

The current debt-to-total-capital ratio listed for Sphere Entertainment Co is 14.9%, which helps investors evaluate the company’s financing structure and leverage profile.

The free float listed for Sphere Entertainment Co is 69.0%. Free float helps investors understand how much of the share base is available for public trading.