Sphere Entertainment CoSTU:MQ2 -3.16%35 PB Ratio is 2.37 as of Jul. 11, 2026, which is 374% above its 10-year median of 0.50. GuruFocus rates STU:MQ2 with a GF Score™ of 35/100 and a GF Value™ of €58.26 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 924 Media - Diversified companies, Sphere Entertainment Co ranks worse than 73.05% on this metric.
The historical rank and industry rank for Sphere Entertainment Co's PB Ratio or its related term are showing as below:
STU:MQ2'
s PB Ratio Range Over the Past 10 Years
Min: 0.25 Med: 0.5 Max: 2.7
Current: 2.34
During the past 9 years, Sphere Entertainment Co's highest PB Ratio was 2.70. The lowest was 0.25. And the median was 0.50.
STU:MQ2's PB Ratio is ranked worse than 73.05% of 924
companies
in the Media - Diversified industry
Industry Median: 1.29
vs STU:MQ2: 2.34
During the past 12 months, Sphere Entertainment Co's average Book Value Per Share Growth Rate was 5.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 3.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -10.10% per year.
During the past 9 years, the highest 3-Year average Book Value Per Share Growth Rate of Sphere Entertainment Co was 3.10% per year. The lowest was -18.80% per year. And the median was -8.70% per year.
Back to Basics: PB Ratio
Sphere Entertainment Co (STU:MQ2) PB Ratio Explanation
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
* 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 PB Ratio, along with its competitors' market caps and PB Ratio 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 PB Ratio vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Sphere Entertainment Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Sphere Entertainment Co's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Sphere Entertainment Co (STU:MQ2) has a PB Ratio of 2.37 as of Jul. 11, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Sphere Entertainment Co and its competitors. This is 374% above median its historical median of 0.50. Over the past decade, Sphere Entertainment Co's PB Ratio has ranged from 0.25 to 2.70. According to the industry distribution chart, Sphere Entertainment Co ranks #675 out of 924 companies in the Media - Diversified industry, placing it in the top 73.1%.
Is Sphere Entertainment Co's PB Ratio too high?
Sphere Entertainment Co's current PB Ratio of 2.37 is 374% above median its 10-year median of 0.50. Over the past 10 years, this metric has ranged from a low of 0.25 to a high of 2.70. The Media - Diversified industry median PB Ratio is 1.29. Sphere Entertainment Co's value of 2.37 is 83.7% above this industry median. Based on the distribution chart, Sphere Entertainment Co ranks #675 out of 924 companies in the Media - Diversified industry, which is below the industry midpoint. Overall, Sphere Entertainment Co has a GF Score™ of 35/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sphere Entertainment Co's PB Ratio compare to VSNT and LION?
According to the Media - Diversified industry distribution chart, Sphere Entertainment Co ranks #675 out of 924 companies for PB Ratio. This places Sphere Entertainment Co in the lower half of its industry. The industry median PB Ratio is 1.29. Sphere Entertainment Co's value of 2.37 is 83.7% above this benchmark. Historically, Sphere Entertainment Co's own PB Ratio has ranged from 0.25 to 2.70 over the past decade. While the company's 10-year median is 0.50 vs. the industry median of 1.29, 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 PB Ratio for a Media - Diversified company?
The median PB Ratio among Media - Diversified companies is 1.29, based on 924 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Sphere Entertainment Co's current PB Ratio of 2.37 is 83.7% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Sphere Entertainment Co and its competitors. For the Media - Diversified industry, the median PB Ratio is 1.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sphere Entertainment Co's current PB Ratio is 2.37, which is 374% above median its own 10-year median of 0.50. 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 (STU:MQ2) is currently considered Significantly Overvalued. The stock's GF Value™ is €58.26, compared to a current price of €128.75 — trading 121% above its estimated fair value. The current PB Ratio is 2.37, which is 374% above median its 10-year median of 0.50 and 83.7% above the Media - Diversified industry median of 1.29. Sphere Entertainment Co's overall GF Score™ is 35/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Sphere Entertainment Co (STU:MQ2), the current PB Ratio is 2.37 as of Jul. 11, 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 (STU:MQ2) Overvalued in 2026?
Based on GuruFocus' analysis, Sphere Entertainment Co stock appears to be overvalued.
The current stock price of €128.75 is trading 121% above its estimated GF Value™ of €58.26.
GuruFocus considers Sphere Entertainment Co to be Significantly Overvalued.
Key valuation signals for STU:MQ2:
PB Ratio: 2.37 (374% above median its 10-year median of 0.50)
GF Value™: €58.26 vs. price of €128.75 (121% above fair value)
Industry Position: 83.7% above the Media - Diversified median (#675 of 924)
No single metric tells the full story. See the STU:MQ2 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.
35GF Score
Get the complete analysis for STU:MQ2
PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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