Sphere Entertainment Co. (SPHR) P/E Ratio History
Historical price-to-earnings valuation from 2020 to 2024
Loading P/E history...
Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of March 2, 2026, Sphere Entertainment Co. (SPHR) trades at a price-to-earnings ratio of -21.0x, with a stock price of $119.01 and trailing twelve-month earnings per share of $-2.80.
The current P/E is 253% below its 5-year average of 13.7x. Over the past five years, SPHR's P/E has ranged from a low of 1.9x to a high of 49.5x, placing the current valuation at the 0th percentile of its historical range.
Compared to the Communication Services sector median P/E of 15.1x, SPHR trades at a 239% discount to its sector peers. The sector includes 108 companies with P/E ratios ranging from 0.5x to 181.8x.
Relative to the broader market, SPHR trades at a notable discount to the S&P 500 median P/E of 26.2x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our SPHR DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
Peer Comparison
P/E metrics vs. Live Events and Sports Operators peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
TKOTKO Group Holdings, Inc. | $26B | 99.1 | 83.11Best | +4032%Best |
MSGEMadison Square Garden Entertainment Corp. | $3B | 82.0 | - | -74% |
TDICDreamland Limited Class A Ordinary Shares | $6M | 6.3Lowest | - | -9% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
Historical P/E Data
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2024 Q3 | Sun Mar 31 2024 00:00:00 GM | $49.08 | $10.89 | 4.5x | -67% |
| FY2024 Q2 | Sun Dec 31 2023 00:00:00 GM | $33.96 | $10.58 | 3.2x | -77% |
| FY2024 Q1 | Sat Sep 30 2023 00:00:00 GM | $37.16 | $17.44 | 2.1x | -84% |
| FY2023 Q4 | Fri Jun 30 2023 00:00:00 GM | $27.39 | $14.25 | 1.9x | -86% |
| FY2021 Q3 | Wed Mar 31 2021 00:00:00 GM | $37.78 | $2.03 | 18.6x | +36% |
| FY2021 Q1 | Wed Sep 30 2020 00:00:00 GM | $31.64 | $1.98 | 16.0x | +17% |
| FY2020 Q4 | $34.64 | $0.70 | 49.5x | +261% |
Average P/E for displayed period: 13.7x
See SPHR's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs SPHR Undervalued?
See our Bear / Base / Bull DCF models and intrinsic value estimates.
View ValuationCompare SPHR vs NFLX
See how SPHR stacks up against sector leader Netflix, Inc..
Start ComparisonFrequently Asked Questions
Is SPHR stock overvalued or undervalued?
SPHR trades at -21.0x P/E, below its 5-year average of 13.7x. At the N/A percentile of historical range, the stock is priced at a discount to its own history.
How does SPHR's valuation compare to peers?
Sphere Entertainment Co. P/E of -21.0x compares to sector median of 15.1x. The discount suggests lower growth expectations or higher risk.
What is SPHR's PEG ratio?
SPHR PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 2020-2024.