BATRK

Atlanta Braves Holdings

Fundamental data last updated:April 13, 2026

company profile

SECTOR

Communication Services

industry

Entertainment

Exchange

Nasdaq

County of HQ

United States

Next Earnings Date

05/11/26

Business Summary

Atlanta Braves Holdings generates cash primarily through media rights, sponsorships, ticket sales, and associated entertainment revenues tied to a professional sports franchise. The core moat lies in franchise scarcity value—there are limited top-tier sports assets, which supports pricing power in broadcasting and advertising negotiations. Revenue is driven by long-term media contracts and fan monetization across live events and branded merchandise. The durability of cash flow depends on maintaining competitive team performance, maximizing stadium and media economics, and leveraging brand equity into diversified entertainment income streams.

VALUATION

P/E

-

Market Cap ($M USD)

$2,895

Forward P/E

326

PEG

-

PRICE TO SALES

3.8

PRICE TO BOOK

5.4

EV / EBITDA

37.2

5-Year Average P/E

DIVIDEND

Yield

-

Annual Payout

-

Payout Ratio

-

Consecutive Years of Dividend Growth

0

5-Year Dividend Growth Rate

-

Financial Health & Profitability

Earnings Per Share

-$0.37

Next Year EPS Growth Estimate

$0.14

Next Year Revenue Growth Estimate

4.70%

Return on Equity (ROE)

-4.40%

Operating Margin

2.30%

Debt-to-Equity

1.6

Piotroski F-Score

5

Altman Z-Score

1.4

Return on Invested Capital (ROIC)

1.70%%

Current Ratio

0.4

Quick Ratio

Gainseekers Quantitative Analysis

Summary

This is not a growth story; it is a balance-sheet risk story dressed up as an entertainment asset. A Forward P/E of 326 combined with an expected EPS next year of -$0.37 tells you the market is pricing in either a dramatic earnings collapse or extreme volatility, and neither supports a premium multiple. The Altman Z-Score of 1.4 squarely places the company in financial distress territory, while a Current Ratio of 0.4 and Debt/Equity of 2.30 amplify liquidity risk. With negative operating margins of -4.40% and a modest 4.70% ROE, the business is not generating sufficient profitability to justify optimism. This is not a mispricing opportunity based on the data presented; it is a fragile balance sheet attached to inconsistent earnings power.

AI Exposure / Tech Reliance

As a Communication Services company in the Entertainment industry, Atlanta Braves Holdings operates in a space increasingly shaped by digital distribution, streaming, and data-driven fan engagement. The ability to leverage technology for direct-to-consumer monetization and media rights optimization is critical, but the provided financials show weak operating profitability that may limit reinvestment capacity. Tech resilience will depend on extracting higher-margin revenue streams from media and branding rather than relying on traditional attendance-driven economics.

The Bull Case

A value or GARP investor could argue that a $2,895M market cap asset with a Price/Sales ratio of 3.8 is not excessively priced for a premium entertainment franchise. Institutional ownership at 58.00% suggests that sophisticated capital still sees embedded asset value. A Piotroski F-Score of 5 indicates middling but not collapsing fundamentals, and positive ROIC of 1.70% shows capital is at least generating returns above zero. The 1.6 TTM yield provides some shareholder return, and a 4.70% ROE, while modest, indicates the business is not structurally unprofitable. If operating leverage turns and margins normalize from the current -4.40%, equity upside could be meaningful given the relatively contained market capitalization.

The Bear Case

The bear case is significantly stronger. A Forward P/E of 326 with negative expected EPS of -$0.37 signals either earnings deterioration or accounting volatility that makes forward valuation almost unusable. The Altman Z-Score of 1.4 and Current Ratio of 0.4 point to real balance sheet stress, and Debt/Equity of 2.30 confirms leverage is not trivial. Operating Margin of -4.40% combined with ROIC of just 1.70% indicates poor capital efficiency. With no PEG provided and no Short % of Float disclosed, the absence of visible growth support metrics further weakens the case—this looks like a leveraged asset play with thin margin for error.

Market Sentiment & Smart Money

Short Interest %

3.00%

Analyst Consensus

1.8

Average Analyst Price Target

$58.00

Institutional Ownership %

85.50%

1-Year Beta

0.44

Insider Buying % (6 Mo)

8.30%%

Distance to 52-Week High

93.60%%

Distance to 52-Week Low

118.40%%