Sphere Entertainment Co. (SPHR) P/E Ratio History
ExpensiveTrading at 173.3x vs 5Y avg 20.6x · 100th percentile · Material premium to history · Data 2020–2026
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P/E Ratio Analysis
As of October 3, 2026, Sphere Entertainment Co. (SPHR) trades at a price-to-earnings ratio of 173.3x, with a stock price of $128.25 and trailing twelve-month earnings per share of $-1.95.
The current P/E is 743% above its 5-year average of 20.6x. Over the past five years, SPHR's P/E has ranged from a low of 1.9x to a high of 66.0x, placing the current valuation at the 100th percentile of its historical range.
Compared to the Communication Services sector median P/E of 14.9x, SPHR trades at a 1063% premium to its sector peers. The sector includes 106 companies with P/E ratios ranging from 0.1x to 185.5x.
Relative to the broader market, SPHR commands a significant premium over the S&P 500 median P/E of 24.5x. 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 Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
SPHR P/E vs Peers
Live Events and Sports Operators peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $13B | 12.5 | - | +100% | |
| $4B | 17.2 | - | +105% | |
| $177B | 14.9 | - | +152%Best | |
| $77B | 4.0Lowest | 0.21Best | +30% | |
| $78B | 106.7 | - | +106% | |
| $4B | 34.7 | - | -50% | |
| $5.7T | 47.7 | 0.50 | +67% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
SPHR Historical P/E Data (2020–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q3 | - | $117.40 | $1.78 | 66.0x | +221% |
| FY2024 Q3 | Mar 31 2024 | $49.08 | $10.89 | 4.5x | -78% |
| FY2024 Q2 | Dec 31 2023 | $33.96 | $10.58 | 3.2x | -84% |
| FY2024 Q1 | Sep 30 2023 | $37.16 | $17.44 | 2.1x | -90% |
| FY2023 Q4 | Jun 30 2023 | $27.39 | $14.25 | 1.9x | -91% |
| FY2021 Q3 | Mar 31 2021 | $37.78 | $1.78 | 21.2x | +3% |
| FY2021 Q1 | Sep 30 2020 | $31.64 | $1.98 | 16.0x | -22% |
| FY2020 Q4 | - | $34.64 | $0.70 | 49.5x | +141% |
Average P/E for displayed period: 20.6x
SPHR Chart Terminal
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Live Breakouts Feed
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Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
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Peer Comparison
Compare growth, multiples, and margins vs sector.
SPHR — Frequently Asked Questions
Quick answers to the most common questions about buying SPHR stock.
What is SPHR's P/E ratio?
Sphere Entertainment Co. (SPHR) trailing twelve-month P/E ratio is 173.3x, based on TTM diluted EPS of $-1.95. The 5-year average P/E is 20.6x and the historical range spans 1.9x to 66.0x.
Is SPHR stock overvalued or undervalued?
SPHR trades at 173.3x P/E, above its 5-year average of 20.6x. The 100th percentile ranking within the 1.9x–66.0x historical range indicates a premium to historical valuation.
Is SPHR stock expensive?
Yes, SPHR is expensive relative to its own history. The current P/E of 173.3x is above the 5-year average of 20.6x and also above the Communication Services sector median of 14.9x. The stock sits at the 100th percentile of its 5-year valuation range.
What is SPHR's historical P/E range?
Over the past 5 years, SPHR's P/E ratio has ranged from 1.9x to 66.0x, with a median of 16.0x and an average of 20.6x. The current P/E of 173.3x places the stock at the 100th percentile of this range. Full historical data spans 2020–2026.
How does SPHR's P/E compare to the S&P 500?
SPHR trades at 173.3x P/E versus the S&P 500 median of 24.5x. The 607% premium to the market typically reflects higher expected earnings growth or quality.
How does SPHR's valuation compare to Communication Services peers?
Sphere Entertainment Co. P/E of 173.3x compares to the Communication Services sector median of 14.9x. The premium reflects expected growth above peers or stronger fundamentals. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is SPHR's PEG ratio?
SPHR PEG ratio is N/A, based on a P/E of 173.3x and EPS growth of 113.0%. PEG normalises P/E by growth and helps compare stocks with different earnings trajectories.
What is SPHR's earnings yield?
SPHR earnings yield is 0.58%, the inverse of its 173.3x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.