10-Year Return on Invested Incremental Capital (10-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 10-year.
Sphere Entertainment Co does not have enough data to calculate 10-Year ROIIC %.
Sphere Entertainment Co (NYSE:SPHR) 10-Year ROIIC % Explanation
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Sphere Entertainment Co 10-Year ROIIC % Related Terms
Sphere Entertainment Co 10-Year ROIIC % Historical Data
* 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.
SPHR vs VSNT, LION, MANU: 10-Year ROIIC % Comparison
For the Entertainment subindustry, Sphere Entertainment Co's 10-Year ROIIC %, along with its competitors' market caps and 10-Year ROIIC % 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 10-Year ROIIC % vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Sphere Entertainment Co's 10-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Sphere Entertainment Co's 10-Year ROIIC % falls into.
Sphere Entertainment Co 10-Year ROIIC % Calculation
Sphere Entertainment Co's 10-Year ROIIC % for the quarter that ended in Dec. 2025 is calculated as:
10-Year ROIIC %
=
10-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
10-Year Incremental Invested Capital**
=
( -86.5707657 (Dec. 2025) - (Dec. 2015) )
/
( 3672.736 (Dec. 2025) - (Dec. 2015) )
=
/
=
N/A%***
* 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.
** Annual data of NOPAT and Invested Capital was used to calculate 10-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Sphere Entertainment Co (SPHR) has a 10-Year ROIIC % of 0.49 as of Dec. 2025. 10-Year ROIIC % measures the change in earnings as a percentage of change in investment over 10-year. View historical data on Sphere Entertainment Co and its competitors. According to the industry distribution chart, Sphere Entertainment Co ranks #423 out of 833 companies in the Media - Diversified industry, placing it in the top 50.8%.
Is Sphere Entertainment Co's 10-Year ROIIC % too high?
Sphere Entertainment Co's current 10-Year ROIIC % is 0.49. The Media - Diversified industry median 10-Year ROIIC % is 1.05. Sphere Entertainment Co's value of 0.49 is 53.3% below this industry median. Based on the distribution chart, Sphere Entertainment Co ranks #423 out of 833 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 10-Year ROIIC % compare to VSNT and LION?
According to the Media - Diversified industry distribution chart, Sphere Entertainment Co ranks #423 out of 833 companies for 10-Year ROIIC %. This places Sphere Entertainment Co in the lower half of its industry. The industry median 10-Year ROIIC % is 1.05. Sphere Entertainment Co's value of 0.49 is 53.3% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 10-Year ROIIC % for a Media - Diversified company?
The median 10-Year ROIIC % among Media - Diversified companies is 1.05, based on 833 companies in the industry. Companies in the top quartile (top 25%) have a 10-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 10-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Sphere Entertainment Co's current 10-Year ROIIC % of 0.49 is 53.3% below 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 10-Year ROIIC % mean?
A high 10-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 10-Year ROIIC % measures the change in earnings as a percentage of change in investment over 10-year. View historical data on Sphere Entertainment Co and its competitors. For the Media - Diversified industry, the median 10-Year ROIIC % is 1.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sphere Entertainment Co's current 10-Year ROIIC % is 0.49. 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 $67.09, compared to a current price of $148.20 — trading 120.9% above its estimated fair value. The current 10-Year ROIIC % is 0.49 and 53.3% below the Media - Diversified industry median of 1.05. Sphere Entertainment Co's overall GF Score™ is 58/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 10-Year ROIIC % calculated?
10-Year ROIIC % is calculated from a company's financial statements. For Sphere Entertainment Co (SPHR), the current 10-Year ROIIC % is 0.49 as of Dec. 2025. 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 $148.20 is trading 120.9% above its estimated GF Value™ of $67.09.
GuruFocus considers Sphere Entertainment Co to be Significantly Overvalued.
Key valuation signals for SPHR:
10-Year ROIIC %: 0.49
GF Value™: $67.09 vs. price of $148.20 (120.9% above fair value)
Industry Position: 53.3% below the Media - Diversified median (#423 of 833)
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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10-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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