Atlanta Braves Holdings Inc. Series A Common Stock (BATRA)

FairStock Score: 26/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach a baseball team and its surrounding real estate the way I would any asset: what cash can it produce, and what am I paying for it? Atlanta Braves Holdings owns the Braves and The Battery Atlanta, which gives it a scarce local franchise and a mixed-use development tied to the ballpark. That is a real moat, but the financials are uneven. In fiscal 2025, the year ended 2025-12-31, revenue was $732.5 million and net loss was $23.4 million. In fiscal 2024, revenue was $662.7 million and net loss was $31.3 million. In fiscal 2023, revenue was $640.7 million and net loss was $125.3 million. So the company has not earned an annual profit in the last four years, which is why FairStock assigns no Peter Lynch category. The latest quarter, fiscal Q2 2026, ended 2026-06-30, showed revenue of $305.1 million and a net loss of $12.2 million. Some quarters are profitable: fiscal Q3 2025, ended 2025-09-30, had net income of $30.0 million, and fiscal Q2 2025, ended 2025-06-30, had net income of $29.5 million. Still, trailing free cash flow is negative $94.9 million, a -2.5% FCF yield. At the 2026-10-13 close of $57.68, FairStock calculations show P/E of -57.68, P/B of 7.19, ROE of -12.03%, ROCE of -1.41%, D/E of 1.70, EV/EBITDA of 85.27, Altman Z-Score of 1.25, and Piotroski F-Score of 4/9. The FairStock Score is 26/100. Growth is not helping: revenue growth is -2.34% and profit growth is -141.48%. The asset may be attractive, but the price already assumes a lot and the margins and cash flow do not yet support it.

In plain English: Atlanta Braves Holdings owns the Atlanta Braves baseball team and the shops, offices, hotel and entertainment around its ballpark. The business has lost money in each of the last four years and is not generating positive cash flow, though some individual quarters have been profitable. At $57.68, the price looks expensive compared with its current profits and the value of its assets on the books, and a low overall score of 26 out of 100 suggests weak numbers.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer