Atlanta Braves Holdings, Inc. - (BATRA) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Atlanta Braves Holdings, Inc. -

NasdaqGS•Communication Services•Entertainment

$55.96-0.04(<0.01%)Pre-market

Market Cap

$3.58B

P/S

4.8x

P/B

7.0x

Atlanta Braves Holdings, Inc., through its subsidiary, Braves Holdings, LLC, owns and operates the Atlanta Braves Major League Baseball Club in the United States. It operates through Baseball and Mixed-Use Development segments. The company also operates the Braves' ballpark located in Cobb County, a suburb of Atlanta. In addition, it is involved in the mixed-use development business, such as retail, office, hotel, and entertainment operations primarily within The Battery Atlanta. The company was incorporated in 2022 and is headquartered in Atlanta, Georgia.

How this company scores

AverageMetricSide Score: 42/100

Strongest: Balance Sheet & Red Flags (16/25); weakest: Cash & Earnings Quality (4/25).

Profitability9/25

Growth13/25

Balance Sheet & Red Flags16/25

Cash & Earnings Quality4/25

Strengths

Improving leverageConsistent growthImproving margins

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/S · 4.8x5y range 3.7x – 4.8x

Currently near its 10-quarter median.

P/B · 7.0x5y range 4.3x – 7.0x

Currently above its 12-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

Free cash flow has been negative in 4 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $3.58B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $749.97M
Q. Revenue: $305.12M
TTM EBITDA: $11.08M
TTM Op. Income: $-70.66M
Q. Op. Income: $-18.54M
TTM Net Income: $-64.19M
Q. Net Income: $-12.23M
EPS: $-0.19
Shares Out.: $64.15M

$749.97M in TTM revenue grew 6.8% YoY, reaching $305.12M last quarter. TTM EBITDA of $11.08M and TTM operating income of $-70.66M show growth is flowing through to the bottom line. However, net income is negative at $64.19M — growth is not yet reaching the bottom line. Over the past year, TTM revenue is up 7% — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 1.6%
Op. Margin: -6.1%
Net Margin: -4.0%

Op. margin of -6.1% is down 19.5% YoY — costs are rising relative to revenue. Net margin at -4.0% Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 4.8x
P/B Ratio: 7.0x

P/S of 4.8x and P/B of 7.0x.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $1.74B
Cash: $116.28M
Long-Term Debt: $459.89M
Book Value: $514.28M
D/E Ratio: 0.9
Debt/EBITDA: 92.6

With $1.74B in assets and $459.89M in long-term debt, D/E is 0.9and book value is $514.28M — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 3 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $-64.13M
TTM Free Cash Flow: $-79.93M
FCF Margin: -10.7%
FCF / Net Income: 1.2

TTM FCF of $-79.93M on $-64.13M in operating cash flow. The FCF / Net Income ratio of 1.2x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is down 7% — an improving trend.