Using the industry peer median EV/Revenue multiple (trailing + forward), Sphere Entertainment Co. (SPHR) has a fair value of $80.74 based on 7 comparable companies in the Entertainment industry.
USD in millions except Fair Price. Subject company highlighted.
| Mkt Cap ($M) | Trailing EV/Revenue | Forward EV/Revenue | |
|---|---|---|---|
| Sphere Entertainment Co.SPHR | 4,903 | 5.7x | 4.4x |
| IAC InterActive Corp. | 3,103 | 1.5x | 1.6x |
| Atlanta Braves Holdings, Inc. | 3,059 | 5.2x | 4.9x |
| Madison Square Garden Entertainment Corp. | 2,847 | 4.2x | 3.9x |
| Lionsgate Studios Corp. | 2,821 | 1.0x | 1.1x |
| IHS Holding Limited | 2,788 | 3.5x | 3.1x |
| Cogent Communications Holdings, Inc. | 962 | 3.8x | 3.8x |
| AMC Entertainment Holdings, Inc. | 703 | 1.7x | 1.8x |
| Industry Median | 3.5x | 3.1x | |
| (*) Revenue | 1,027 | 1,339 | |
| = Enterprise Value | 3,552 | 4,156 | |
| (-) Net Debt | 959 | 959 | |
| Equity Value | 2,593 | 3,197 | |
| (/) Outstanding shares | 36 | 36 | |
| Fair Price | $72 | $89 | |
Disclaimer: Sweet Value Lab provides estimated intrinsic values for informational purposes only. This is not financial advice. All models rely on assumptions that may not reflect future performance. Always do your own research before making investment decisions.