QualityDipStocks / Consumer Discretionary · Entertainment & recreation
Sphere Entertainment SPHR
Outside our quality screen, so we don’t track its dips. It’s 40% below its 52-week high.
Outside our quality screen, 21% under its Market Value. No fair value estimate for now: there isn’t enough data.
Worth knowing
- Down 42% from its 52-week high while revenue grew 23%
From the data on this page, as of the last close. How we pick these
- Fair value est.
- n/a
- Market Value
- $132.60price −21%
- Off 52-wk high
- −40%
- Risk vs market
- Above marketbeta 1.29
5 bullish · 5 bearish See why
Repriced or dip?
Mixed signals
The price is 40% below its 52-week high (Aug 13), but the business held up: net cash (cash minus debt) 0.0% of market cap since the high, shares outstanding more shares, each owns less, operating margin 0.0 pts.
Some numbers held up (net cash (cash minus debt) 0.0% of market cap since the high, shares outstanding more shares, each owns less, operating margin 0.0 pts), others slipped. The price is 40% below its 52-week high.
The price is 40% below its 52-week high, and the business changed too.
Within 10% of its 52-week high, so there is no dip to judge yet.
The evidence 6 numbers, high vs now
- Revenue, last 12 months$1.4B → $1.4B (0.0%)about the same
- Operating margin−11.4% → −11.4% (0.0 pts)held up
- Shares outstanding+0.1% (more shares, each owns less)held up
- Net cash (cash minus debt)0.0% of market cap since the highheld up
- Stock vs its sector (Consumer Discretionary)stock −40%, sector median −1% since Aug 13changed
- Price fall vs business numbersprice −40%, revenue/EPS/FCF median 0% (shown, not scored)
No new report since the high (Aug 13, 2026): the business numbers are the same as then, so this read is capped at 65. Each measure is scored from −1 (business changed) to +1 (business intact) and weighted: revenue, earnings per share, free cash flow, operating margin, revenue growth rate, share count, net cash and the move vs its sector. 60 or more reads as a dip, 40 or less as a repricing. Analyst estimates are not in our data, so they are not used. How to read it
Data-based read, not advice.
Valuation
What we estimate it's worth, and how it ranks on value vs every stock we cover.
Fair value estimate
No estimate for SPHR: Capital spending isn't tagged for the latest period in SEC XBRL data. We’d rather show nothing than a made-up number.
Risk vs market
How risk vs market is measured
One year of daily returns (Oct 31 to Nov 2, 252 sessions). Beta = how much SPHR moved for each 1% move in the S&P 500 (SPY); 1.0 moves with the market. Volatility is the yearly standard deviation of daily returns. Past behavior, not a forecast.
Swings more than the market, and its own price swings are 4.2× the S&P 500’s.
- Beta vs S&P 500
- 1.29
- Volatility
- 54% vs 13% SPY
- Correlation SPY
- 0.30
- Correlation QQQ
- 0.26
How it ranks
Where SPHR stands vs every one of the 1,996 stocks we cover that has the number. Longer bar = better.
Top quarter on 1 of 4 measures
- Dividends + buybacks yield0% · cash paid out or used to retire shares, vs market capLowest 1%of 1,836
- Revenue growth, last 12 months+23% · vs the 12 months beforeTop 22%of 1,814
- Operating margin−11% · of sales kept as operating profitLowest 6%of 1,288
- Return on invested capital−5.3% · profit per dollar of capitalLowest 4%of 838
From SEC filings and our fair value estimate model. A ranking, not advice.
Valuation details
MV $132.60
Fundamentals
The business itself: sales, profits, cash and debt, from SEC filings.
Bull vs bear
Rule-based from the data on this page, strongest first. Not advice.
Top bullish points 5 of 5
Cash returnsShare count down 19.4% in a year.
GrowthSales grew 23% to $1.4B over the last 12 months vs the 12 months before (SEC filings).
Balance sheetDebt / equity of 0.3×, below the 0.8× median for the 250 Consumer Discretionary companies we cover.
ValuationPrice / book of 1.7×, below the 3.2× median for the 336 Consumer Discretionary companies we cover.
ValuationTrades 20.8% below its Market Value of $132.60, the average price paid since the Jul 30 filing.
Top bearish points 5 of 5
ProfitabilityLost $77M over the last 12 months (net income, SEC filings).
ProfitabilityLoses money at the operating line: −11% operating margin over the last 12 months.
ProfitabilityReturn on invested capital of −5.3%, below the 12% median for the 241 Consumer Discretionary companies we cover.
ProfitabilityReturn on equity of −3.4%, below the 16% median for the 332 Consumer Discretionary companies we cover.
QualityDoesn’t pass our quality screen: ROE under 12% and ROIC under 10%.
All fundamentals
ROE -3% · Sales +23%
Valuation
- P/E
- n/aloss over the last 12 months
- Price / FCF
- n/anot reported in its SEC filings
- FCF yield
- n/anot reported in its SEC filings
- EV / EBITDA
- 21.4×
- Price / sales
- 2.80×
- Price / book
- 1.71×
- Market cap
- $3.8Blisted
- Enterprise value
- $3.9B
Growth
- Revenue, 12 months
- $1.4B
- Sales growth, 12 months
- +23.4%vs the 12 months before
- Sales growth, 3 yrs
- n/anot reported in its SEC filings
- Diluted EPS, 12 months
- −$1.94
- EPS growth, last FY
- n/afewer than two years of diluted EPS
- Net income, 12 months
- −$77M
- Net income growth
- n/anot reported in its SEC filings
Profitability
- Gross margin
- n/agross profit isn't reported (common for service and financial companies)
- Operating margin
- −11.4%
- Net margin
- −5.7%
- FCF margin
- n/anot reported in its SEC filings
- Return on equity
- −3%
- Return on invested capital
- −5%
Balance sheet
- Cash & short-term inv.
- $551M
- Total debt
- $649M
- Net cash
- −$98M
- Debt / equity
- 0.29×
- Interest coverage
- n/ainterest expense not tagged in SEC data
Cash flow & returns
- Free cash flow, 12 months
- n/anot reported in its SEC filings
- FCF growth, 12 months
- n/anot reported in its SEC filings
- Dividend yield
- 0%
- Payout ratio
- n/anot reported in its SEC filings
- Buybacks, 12 months
- n/anot reported in its SEC filings
- Share count, 1 year
- −19.4%diluted shares vs a year ago
- Stock-based comp
- $50M
Trailing 12 months to Jun 30, 2026; balance sheet at Jun 30, 2026. From Sphere Entertainment’s SEC filings. Sparklines show up to six fiscal years. n/a means we don’t hold that number, with the reason. How each is computed.
The business
Sales +11%
- Gross margin55%
- Operating margin−20%
- Return on invested capital−10%
- Return on equity−3%
- Sales growth (latest quarter vs year-ago quarter)+11%
- Net debt / EBITDA1.4×
Chart & levels
Where the price is vs its key levels and trends.
Key levels
Every level vs today’s $104.99
- 52-wk lowlowest close, 1 year$66.34−36.8%
- PriceMon Nov 2 close$104.99you are here
- Market Valueavg paid since Jul 30$132.60+26.3%
- 52-wk highhighest close, 1 year$176.38+68.0%
Momentum & 52-week range
RSI 38 · 5 days −4.9%
Signals
Reversal signal setups, the public ledger and the next earnings date.
Setup & signals
No setup armed
No setup armed, so there’s no trigger or stop to track yet. Reversal signal rules only run on companies that pass our quality screen.
Next report
Nov 5
- DateThu Nov 5, before the open
- Consensus EPS($1.79)
- Year-ago EPS($1.37)
- QuarterSep/2026
From Nasdaq’s earnings calendar. A report resets Market Value.
SPHR is outside our quality screen
One text when a published rule fires on one of the 332 quality companies we track: the ticker, the price, the stop and a link to the numbers. Nothing else.
Voices & buzz
Who is talking about it, and how it compares with peers.
Who’s talking about it
Notable investors, executives, analysts and public figures on Sphere Entertainment in the last 48 hours. Headlines as published, each linked. Their words, not ours.
No notable mentions in the last 48 hours. Checked Nov 3, 1:01 PM ET.
Compare with peers
Closest in size in Services-Misc. Amusement & Recreation
Information only, not investment advice. Fair value estimates and talking points are rule-based model output from public data and can be wrong; stop levels are reference points, not orders. How every number is computed.