Sphere Entertainment price to book ratio SPHR

Market value divided by the book value of the company's net assets, since 2020.

Today, Oct 23, 2026: 1.8×
6-year median: 0.5×
Against its 6-year history: 90th; percentile: 0 is its lowest day, 100 its highest
6-year range: 0.3× to 2.7×
Peer median: 11.9×

Sphere Entertainment's price to book ratio is 1.8× as of Oct 23, 2026.

That is above its 6-year median of 0.5×, higher than on 90% of days in the last 6 years.

Over that time it ranged from 0.3× in Aug 2020 to 2.7× in Aug 2026.

The median for 10 entertainment stocks of a similar size is 11.9×.

Price to book ratio over time

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	1.8×	1.5×	2.7×
2025	1.5×	0.4×	1.5×
2024	0.6×	0.4×	0.7×
2023	0.5×	0.4×	0.7×
2022	0.4×	0.3×	0.6×
2021	0.5×	0.3×	0.6×
2020	0.4×	0.3×	0.4×

Against its peers

Companies in Entertainment nearest Sphere Entertainment's size, closest first, today.

Company	Price to book ratio
SPHRSphere Entertainment	1.8×
RSIRush Street Interactive	19.9×
MSGEMadison Square Garden Entertainment	80.4×
CNKCinemark	n/m
NXSTNexstar Media	2.3×
MTNVail Resorts	21.7×
CHDNChurchill Downs	4.4×
ADEAAdeia	4.9×
PRSUPursuit Attractions & Hospitality	2.8×
PRKSUnited Parks & Resorts	n/m
WMGWarner Music	18.9×
Peer median	11.9×

What the price to book ratio tells you

Market value divided by the accounting value of the company's net assets. Below 1 means the market values the business at less than what it owns on paper.

Book value misses brands, software and people, so asset-light companies always look expensive on it. Most useful for banks and industrials.

More on Sphere Entertainment

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.