Sphere Entertainment Co. (SPHR) P/E Ratio History
Historical price-to-earnings valuation from 2020 to 2026
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SPHR Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 8, 2026, Sphere Entertainment Co. (SPHR) trades at a price-to-earnings ratio of -24.1x, with a stock price of $136.73 and trailing twelve-month earnings per share of $3.34.
The current P/E is 221% below its 5-year average of 19.9x. Over the past five years, SPHR's P/E has ranged from a low of 1.9x to a high of 61.0x, placing the current valuation at the 0th percentile of its historical range.
Compared to the Communication Services sector median P/E of 15.4x, SPHR trades at a 257% discount to its sector peers. The sector includes 108 companies with P/E ratios ranging from 0.1x to 179.7x.
Relative to the broader market, SPHR trades at a notable discount to the S&P 500 median P/E of 25.1x. 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.
SPHR P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $3B | 86.6 | - | -74% | |
| $12B | 23.4 | - | +350%Best | |
| $4B | 17.6 | - | +105% | |
| $193B | 15.9 | - | +152% | |
| $96B | 4.9Lowest | 0.26Best | +30% | |
| $68B | 93.5 | - | +106% | |
| $3B | 26.4 | - | -50% | |
| $5.1T | 43.2 | 0.45 | +67% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
SPHR Historical P/E Data (2020–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q3 | $117.40 | $1.93 | 61.0x | +206% | |
| FY2024 Q3 | Sun Mar 31 2024 00:00:00 GM | $49.08 | $10.89 | 4.5x | -77% |
| FY2024 Q2 | Sun Dec 31 2023 00:00:00 GM | $33.96 | $10.58 | 3.2x | -84% |
| FY2024 Q1 | Sat Sep 30 2023 00:00:00 GM | $37.16 | $17.44 | 2.1x | -89% |
| FY2023 Q4 | Fri Jun 30 2023 00:00:00 GM | $27.39 | $14.25 | 1.9x | -90% |
| FY2021 Q3 | Wed Mar 31 2021 00:00:00 GM | $37.78 | $1.78 | 21.2x | +7% |
| FY2021 Q1 | Wed Sep 30 2020 00:00:00 GM | $31.64 | $1.98 | 16.0x | -20% |
| FY2020 Q4 | $34.64 | $0.70 | 49.5x | +148% |
Average P/E for displayed period: 19.9x
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Start ComparisonSPHR — Frequently Asked Questions
Quick answers to the most common questions about buying SPHR stock.
Is SPHR stock overvalued or undervalued?
SPHR trades at -24.1x P/E, below its 5-year average of 19.9x. 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 -24.1x compares to sector median of 15.4x. 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 2020-2026.