EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Sphere Entertainment Co's Enterprise Value is $6,389 Mil.
Sphere Entertainment Co's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $333 Mil. Therefore, Sphere Entertainment Co's EV-to-FCF for today is 19.16.
The historical rank and industry rank for Sphere Entertainment Co's EV-to-FCF or its related term are showing as below:
SPHR'
s EV-to-FCF Range Over the Past 10 Years
Min: -284.04 Med: -3.05 Max: 1736.8
Current: 19.16
During the past 9 years, the highest EV-to-FCF of Sphere Entertainment Co was 1736.80. The lowest was -284.04. And the median was -3.05.
SPHR's EV-to-FCF is ranked worse than 63.13% of 613
companies
in the Media - Diversified industry
Industry Median: 11.46
vs SPHR: 19.16
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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 (NYSE:SPHR) EV-to-FCF Explanation
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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 $169.85.
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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
* 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-FCF, along with its competitors' market caps and EV-to-FCF 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-FCF vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Sphere Entertainment Co's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Sphere Entertainment Co's EV-to-FCF falls into.
Sphere Entertainment Co's current Enterprise Value is $6,389 Mil.
Sphere Entertainment Co's Free Cash Flow 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 $333 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-FCF of 19.16 as of Jun. 26, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Sphere Entertainment Co and its competitors. According to the industry distribution chart, Sphere Entertainment Co ranks #387 out of 613 companies in the Media - Diversified industry, placing it in the top 63.1%.
Is Sphere Entertainment Co's EV-to-FCF too high?
Sphere Entertainment Co's current EV-to-FCF is 19.16. The Media - Diversified industry median EV-to-FCF is 11.46. Sphere Entertainment Co's value of 19.16 is 67.2% above this industry median. Based on the distribution chart, Sphere Entertainment Co ranks #387 out of 613 companies in the Media - Diversified industry, which is below the industry midpoint. Overall, Sphere Entertainment Co has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sphere Entertainment Co's EV-to-FCF compare to LION and VSNT?
According to the Media - Diversified industry distribution chart, Sphere Entertainment Co ranks #387 out of 613 companies for EV-to-FCF. This places Sphere Entertainment Co in the lower half of its industry. The industry median EV-to-FCF is 11.46. Sphere Entertainment Co's value of 19.16 is 67.2% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-FCF for a Media - Diversified company?
The median EV-to-FCF among Media - Diversified companies is 11.46, based on 613 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Sphere Entertainment Co's current EV-to-FCF of 19.16 is 67.2% 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-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Sphere Entertainment Co and its competitors. For the Media - Diversified industry, the median EV-to-FCF is 11.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sphere Entertainment Co's current EV-to-FCF is 19.16. 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 $66.63, compared to a current price of $169.85 — trading 154.9% above its estimated fair value. The current EV-to-FCF is 19.16 and 67.2% above the Media - Diversified industry median of 11.46. Sphere Entertainment Co's overall GF Score™ is 58/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Sphere Entertainment Co (SPHR), the current EV-to-FCF is 19.16 as of Jun. 26, 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 $169.85 is trading 154.9% above its estimated GF Value™ of $66.63.
GuruFocus considers Sphere Entertainment Co to be Significantly Overvalued.
Key valuation signals for SPHR:
EV-to-FCF: 19.16
GF Value™: $66.63 vs. price of $169.85 (154.9% above fair value)
Industry Position: 67.2% above the Media - Diversified median (#387 of 613)
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.
58GF Score
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EV-to-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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