Sphere Entertainment Co Stock Book Value Per Share
| SPHR Stock | 39.26 2.00 4.85% |
Sphere Entertainment Co fundamentals help investors to digest information that contributes to Sphere Entertainment's financial success or failures. It also enables traders to predict the movement of Sphere Stock. The fundamental analysis module provides a way to measure Sphere Entertainment's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Sphere Entertainment stock.
| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 85.75 | 96.25 | |
| Tangible Book Value Per Share | 70.00 | 81.32 |
Sphere | Book Value Per Share |
Sphere Entertainment Co Company Book Value Per Share Analysis
Sphere Entertainment's Book Value per Share (B/S) can be calculated by subtracting liabilities from assets, and then dividing it by the total number of currently outstanding shares. It indicates the level of safety associated with each common share after removing the effects of liabilities. In other words, a shareholder can use this ratio to see how much he or she can sell the stake in the company in the event of a liquidation.
More About Book Value Per Share | All Equity Analysis
Book Value per Share | = | Common EquityAverage Shares |
Current Sphere Entertainment Book Value Per Share | 75.07 X |
Most of Sphere Entertainment's fundamental indicators, such as Book Value Per Share, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Sphere Entertainment Co is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Sphere Book Value Per Share Driver Correlations
Understanding the fundamental principles of building solid financial models for Sphere Entertainment is extremely important. It helps to project a fair market value of Sphere Stock properly, considering its historical fundamentals such as Book Value Per Share. Since Sphere Entertainment's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Sphere Entertainment's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Sphere Entertainment's interrelated accounts and indicators.
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Sphere Book Value Per Share Historical Pattern
Today, most investors in Sphere Entertainment Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Sphere Entertainment's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's book value per share growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Sphere Entertainment book value per share as a starting point in their analysis.
Sphere Entertainment Book Value Per Share |
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The naive approach to look at Book Value per Share is to compare it to current stock price. If Book Value per Share is higher than the currently traded stock price, the company can be considered undervalued. However, investors must be aware that conventional calculation of Book Value does not include intangible assets such as goodwill, intellectual property, trademarks or brands and may not be an appropriate measure for many firms.
| Competition |
Sphere Common Stock Shares Outstanding
Common Stock Shares Outstanding |
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In accordance with the recently published financial statements, the book value per share of Sphere Entertainment Co is about 75 times. This is 14.93% lower than that of the Entertainment sector and significantly higher than that of the Communication Services industry. The book value per share for all United States stocks is 96.11% higher than that of the company.
Sphere Book Value Per Share Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Sphere Entertainment's direct or indirect competition against its Book Value Per Share to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Sphere Entertainment could also be used in its relative valuation, which is a method of valuing Sphere Entertainment by comparing valuation metrics of similar companies.Sphere Entertainment is currently under evaluation in book value per share category among related companies.
Sphere Fundamentals
| Return On Equity | 0.0597 | ||||
| Return On Asset | -0.031 | ||||
| Profit Margin | 0.52 % | ||||
| Operating Margin | (0.13) % | ||||
| Current Valuation | 2.37 B | ||||
| Shares Outstanding | 28.27 M | ||||
| Shares Owned By Insiders | 5.86 % | ||||
| Shares Owned By Institutions | 94.14 % | ||||
| Number Of Shares Shorted | 6.4 M | ||||
| Price To Book | 0.60 X | ||||
| Price To Sales | 2.03 X | ||||
| Revenue | 573.83 M | ||||
| Gross Profit | 233.3 M | ||||
| EBITDA | 398.64 M | ||||
| Net Income | 505.68 M | ||||
| Total Debt | 1.32 B | ||||
| Book Value Per Share | 75.07 X | ||||
| Cash Flow From Operations | 153.59 M | ||||
| Short Ratio | 10.96 X | ||||
| Earnings Per Share | 4.04 X | ||||
| Target Price | 43.25 | ||||
| Number Of Employees | 690 | ||||
| Beta | 1.46 | ||||
| Market Capitalization | 1.38 B | ||||
| Total Asset | 4.97 B | ||||
| Retained Earnings | 212.04 M | ||||
| Working Capital | (68.23 M) | ||||
| Net Asset | 4.97 B |
About Sphere Entertainment Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Sphere Entertainment Co's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Sphere Entertainment using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Sphere Entertainment Co based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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When determining whether Sphere Entertainment is a strong investment it is important to analyze Sphere Entertainment's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Sphere Entertainment's future performance. For an informed investment choice regarding Sphere Stock, refer to the following important reports:Check out Sphere Entertainment Piotroski F Score and Sphere Entertainment Altman Z Score analysis. Note that the Sphere Entertainment information on this page should be used as a complementary analysis to other Sphere Entertainment's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
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When running Sphere Entertainment's price analysis, check to measure Sphere Entertainment's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Sphere Entertainment is operating at the current time. Most of Sphere Entertainment's value examination focuses on studying past and present price action to predict the probability of Sphere Entertainment's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sphere Entertainment's price. Additionally, you may evaluate how the addition of Sphere Entertainment to your portfolios can decrease your overall portfolio volatility.
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Is Sphere Entertainment's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Sphere Entertainment. If investors know Sphere will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Sphere Entertainment listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 4.04 | Revenue Per Share 20.705 | Quarterly Revenue Growth 0.969 | Return On Assets (0.03) | Return On Equity 0.0597 |
The market value of Sphere Entertainment is measured differently than its book value, which is the value of Sphere that is recorded on the company's balance sheet. Investors also form their own opinion of Sphere Entertainment's value that differs from its market value or its book value, called intrinsic value, which is Sphere Entertainment's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Sphere Entertainment's market value can be influenced by many factors that don't directly affect Sphere Entertainment's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Sphere Entertainment's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sphere Entertainment is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sphere Entertainment's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.