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Sphere Entertainment CoSPHR -3.22%51 EV-to-EBITDA is 9.50 as of Jul. 29, 2026, which is 84% above its 10-year median of 5.16. GuruFocus rates SPHR with a GF Score™ of 51/100 and a GF Value™ of $68.01 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 746 Media - Diversified companies, Sphere Entertainment Co ranks worse than 61.13% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Sphere Entertainment Co's enterprise value is $5,204 Mil.
Sphere Entertainment Co's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was $548 Mil. Therefore, Sphere Entertainment Co's EV-to-EBITDA for today is 9.50.
The historical rank and industry rank for Sphere Entertainment Co's EV-to-EBITDA or its related term are showing as below:
SPHR'
s EV-to-EBITDA Range Over the Past 10 Years
Min: -114.82 Med: 5.16 Max: 349.48
Current: 9.5
During the past 9 years, the highest EV-to-EBITDA of Sphere Entertainment Co was 349.48. The lowest was -114.82. And the median was 5.16.
SPHR's EV-to-EBITDA is ranked worse than 61.13% of 746
companies
in the Media - Diversified industry
Industry Median: 7.25
vs SPHR: 9.50
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).
Sphere Entertainment Co (NYSE:SPHR) EV-to-EBITDA Explanation
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Sphere Entertainment Co's PE Ratio (TTM) for today is calculated as:
Sphere Entertainment Co's share price for today is $136.75.
Sphere Entertainment Co's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.780.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Entertainment subindustry, Sphere Entertainment Co's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Sphere Entertainment Co EV-to-EBITDA vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Sphere Entertainment Co's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Sphere Entertainment Co's EV-to-EBITDA falls into.
Sphere Entertainment Co's current Enterprise Value is $5,204 Mil.
Sphere Entertainment Co's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $548 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Sphere Entertainment Co (SPHR) has a EV-to-EBITDA of 9.50 as of Jul. 29, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Sphere Entertainment Co. This is 84% above median its historical median of 5.16. According to the industry distribution chart, Sphere Entertainment Co ranks #456 out of 746 companies in the Media - Diversified industry, placing it in the top 61.1%.
Is Sphere Entertainment Co's EV-to-EBITDA too high?
Sphere Entertainment Co's current EV-to-EBITDA of 9.50 is 84% above median its 10-year median of 5.16. The Media - Diversified industry median EV-to-EBITDA is 7.25. Sphere Entertainment Co's value of 9.50 is 31% above this industry median. Based on the distribution chart, Sphere Entertainment Co ranks #456 out of 746 companies in the Media - Diversified industry, which is below the industry midpoint. Overall, Sphere Entertainment Co has a GF Score™ of 51/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sphere Entertainment Co's EV-to-EBITDA compare to VSNT and MANU?
According to the Media - Diversified industry distribution chart, Sphere Entertainment Co ranks #456 out of 746 companies for EV-to-EBITDA. This places Sphere Entertainment Co in the lower half of its industry. The industry median EV-to-EBITDA is 7.25. Sphere Entertainment Co's value of 9.50 is 31% above this benchmark. While the company's 10-year median is 5.16 vs. the industry median of 7.25, Sphere Entertainment Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-EBITDA for a Media - Diversified company?
The median EV-to-EBITDA among Media - Diversified companies is 7.25, based on 746 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Sphere Entertainment Co's current EV-to-EBITDA of 9.50 is 31% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Sphere Entertainment Co. For the Media - Diversified industry, the median EV-to-EBITDA is 7.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sphere Entertainment Co's current EV-to-EBITDA is 9.50, which is 84% above median its own 10-year median of 5.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sphere Entertainment Co stock overvalued right now?
Based on GuruFocus' analysis, Sphere Entertainment Co (SPHR) is currently considered Significantly Overvalued. The stock's GF Value™ is $68.01, compared to a current price of $136.75 — trading 101.1% above its estimated fair value. The current EV-to-EBITDA is 9.50, which is 84% above median its 10-year median of 5.16 and 31% above the Media - Diversified industry median of 7.25. Sphere Entertainment Co's overall GF Score™ is 51/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Sphere Entertainment Co (SPHR), the current EV-to-EBITDA is 9.50 as of Jul. 29, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Sphere Entertainment Co (SPHR) Overvalued in 2026?
Based on GuruFocus' analysis, Sphere Entertainment Co stock appears to be overvalued.
The current stock price of $136.75 is trading 101.1% above its estimated GF Value™ of $68.01.
GuruFocus considers Sphere Entertainment Co to be Significantly Overvalued.
Key valuation signals for SPHR:
EV-to-EBITDA: 9.50 (84% above median its 10-year median of 5.16)
GF Value™: $68.01 vs. price of $136.75 (101.1% above fair value)
Industry Position: 31% above the Media - Diversified median (#456 of 746)
No single metric tells the full story. See the SPHR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sphere Entertainment Co is a live entertainment and media company. The firm creates, writes, casts, produces, and tours shows and events. The group has two reportable segments: Sphere and MSG Networks. Sphere is a next-generation entertainment medium, and MSG Networks operates two regional sports and entertainment networks, as well as a direct-to-consumer (DTC) and authenticated streaming product.
51GF Score
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EV-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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