14 years of historical data (2012–2025) · Communication Services · Entertainment
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Atlanta Braves Holdings, Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.2B | $2.5B | $2.3B | $2.4B | $2.0B | $1.7B | $1.5B | $1.8B | $1.5B | $1.3B | $1.1B |
| Enterprise Value | $3.0B | $3.2B | $3.0B | $3.0B | $2.5B | $2.3B | $2.0B | $2.2B | $1.9B | $1.8B | $1.4B |
| P/E Ratio → | -118.14 | — | — | — | — | — | — | — | 303.54 | — | — |
| P/S Ratio | 3.06 | 3.44 | 3.53 | 3.82 | 3.38 | 3.08 | 8.39 | 3.79 | 3.44 | 3.40 | 4.32 |
| P/B Ratio | 5.18 | 4.68 | 4.37 | 4.53 | 6.64 | 5.86 | 5.13 | 4.77 | 3.47 | 3.07 | 2.83 |
| P/FCF | — | — | — | — | 56.83 | 64.23 | — | — | 21.69 | — | — |
| P/OCF | 88.80 | 99.71 | 140.86 | 1506.13 | 37.53 | 27.97 | — | 24.03 | 14.74 | — | 12.72 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
Atlanta Braves Holdings, Inc.'s enterprise value stands at 32.2x EBITDA, 64% below its 5-year average of 88.5x. The Communication Services sector median is 7.5x, placing the stock at a 330% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 4.43 | 4.46 | 4.68 | 4.23 | 4.06 | 11.30 | 4.65 | 4.30 | 4.77 | 5.17 |
| EV / EBITDA | 32.16 | 35.15 | 162.60 | 151.04 | 68.13 | 25.36 | — | 69.19 | 24.71 | — | — |
| EV / EBIT | 178.67 | 145.19 | — | — | — | 118.97 | — | — | 86.47 | — | — |
| EV / FCF | — | — | — | — | 71.08 | 84.79 | — | — | 27.18 | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Atlanta Braves Holdings, Inc. earns an operating margin of 2.3%. Operating margins have expanded from -7.2% to 2.3% over the past 3 years, signaling improving operational efficiency. A negative ROE of -4.3% indicates the company is currently destroying shareholder equity. ROIC of 1.0% represents below-average returns on invested capital.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 19.9% | 19.9% | 22.5% | 23.3% | 25.8% | 33.2% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating Margin | 2.3% | 2.3% | -6.0% | -7.2% | -5.2% | 3.4% | -71.9% | -8.2% | 0.2% | -29.3% | -23.3% |
| Net Profit Margin | -3.2% | -3.2% | -4.7% | -19.6% | -5.8% | -2.3% | -43.8% | -16.2% | 1.1% | -6.5% | -23.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -4.3% | -4.3% | -5.8% | -29.8% | -11.5% | -4.4% | -23.3% | -18.9% | 1.2% | -6.0% | -1.6% |
| ROA | -1.5% | -1.5% | -2.1% | -8.4% | -2.2% | -0.8% | -4.9% | -4.5% | 0.3% | -1.5% | -5.2% |
| ROIC | 1.0% | 1.0% | -2.7% | -3.7% | -2.8% | 1.7% | -12.0% | -3.6% | 0.1% | -10.7% | -1.1% |
| ROCE | 1.3% | 1.3% | -3.2% | -3.7% | -2.2% | 1.3% | -9.1% | -2.5% | 0.1% | -7.2% | -5.7% |
Solvency and debt-coverage ratios — lower is generally safer
Atlanta Braves Holdings, Inc. carries a Debt/EBITDA ratio of 9.1x, which is highly leveraged (162% above the sector average of 3.5x). Net debt stands at $726M ($837M total debt minus $112M cash). Interest coverage of just 0.4x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.56 | 1.56 | 1.34 | 1.24 | 2.17 | 2.35 | 2.30 | 1.47 | 1.12 | 1.55 | 0.82 |
| Debt / EBITDA | 9.08 | 9.08 | 39.69 | 33.91 | 17.78 | 7.72 | — | 17.31 | 6.38 | — | — |
| Net Debt / Equity | — | 1.35 | 1.14 | 1.01 | 1.66 | 1.88 | 1.78 | 1.09 | 0.88 | 1.24 | 0.55 |
| Net Debt / EBITDA | 7.87 | 7.87 | 33.63 | 27.61 | 13.65 | 6.15 | — | 12.88 | 4.99 | — | — |
| Debt / FCF | — | — | — | — | 14.24 | 20.56 | — | — | 5.49 | — | — |
| Interest Coverage | 0.36 | 0.36 | -1.02 | -1.23 | -1.03 | 0.80 | -4.92 | -1.44 | 0.04 | -7.53 | -61.00 |
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.42x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 0.93x to 0.42x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.42 | 0.42 | 0.62 | 0.93 | 1.11 | 2.43 | 1.41 | 1.42 | 3.06 | 2.42 | 0.83 |
| Quick Ratio | 0.42 | 0.42 | 0.62 | 0.93 | 1.11 | 2.43 | 1.41 | 1.42 | 3.06 | 2.42 | 0.83 |
| Cash Ratio | 0.30 | 0.30 | 0.38 | 0.54 | 0.63 | 1.04 | 0.87 | 0.76 | 1.27 | 1.45 | 0.64 |
| Asset Turnover | — | 0.45 | 0.43 | 0.43 | 0.39 | 0.34 | 0.11 | 0.30 | 0.24 | 0.21 | 0.17 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 16.73 | 27.53 | 35.85 | 43.56 | 25.90 | 61.52 | 21.47 | 17.34 | 30.26 | 20.90 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Atlanta Braves Holdings, Inc. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | 0.3% | — | — |
| FCF Yield | — | — | — | — | 1.8% | 1.6% | — | — | 4.6% | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.1% | 0.2% | 0.0% | 2.3% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.1% | 0.2% | 0.0% | 2.3% | 0.0% |
| Shares Outstanding | — | $64M | $61M | $62M | $62M | $62M | $60M | $61M | $61M | $59M | $55M |
Compare BATRK with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| BATRKYou | $2B | -118.1 | 32.2 | — | 19.9% | 2.3% | -4.3% | 1.0% | 9.1 |
| LYV | $38B | -675.6 | 17.8 | 114.4 | — | 5.0% | 34.9% | 343.5% | 1.4 |
| TKO | $26B | 99.1 | 22.1 | 20.2 | -43.0% | 17.6% | 5.9% | 5.3% | 3.1 |
| FWONK | $20B | — | — | 22.5 | — | — | — | — | — |
| LLYVK | $6B | — | — | 7.0 | — | — | — | -29.8% | — |
| MSGE | $3B | 82.0 | 20.6 | 27.4 | 43.2% | 13.0% | — | 8.5% | 6.7 |
| BATRA | $3B | -130.8 | 35.1 | — | 19.9% | 2.3% | -4.3% | 1.0% | 9.1 |
| MSGS | $2B | -356.6 | 140.6 | 17.1 | 27.0% | 1.4% | — | 1.5% | 65.7 |
| MANU | $1B | -70.5 | 6.8 | 26.8 | 82.3% | -2.8% | -19.5% | -2.0% | 3.3 |
| SPHR | $817M | -21.0 | 53.0 | — | 21.7% | -21.7% | -8.3% | -5.0% | 45.3 |
| TDIC | $6M | 6.3 | 12.0 | — | 26.1% | 1.7% | 112.5% | 12.2% | 3.8 |
| Communication Services Median | — | 15.1 | 7.5 | 10.5 | 51.2% | -0.7% | 2.4% | 1.7% | 3.5 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 14 years · Updated daily
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Start ComparisonAtlanta Braves Holdings, Inc.'s current P/E ratio is -118.1x. This places it at the 50th percentile of its historical range.
Atlanta Braves Holdings, Inc.'s current EV/EBITDA is 32.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 44.5x.
Atlanta Braves Holdings, Inc.'s return on equity (ROE) is -4.3%. The historical average is -7.2%.
Based on historical data, Atlanta Braves Holdings, Inc. is trading at a P/E of -118.1x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Atlanta Braves Holdings, Inc. has 19.9% gross margin and 2.3% operating margin.
Atlanta Braves Holdings, Inc.'s Debt/EBITDA ratio is 9.1x, indicating high leverage. A ratio above 4x may signal elevated financial risk.