MSGE
Madison Square Garden Entertainment Corp.
Entertainment
Market Cap$2.71B
5Y Perf.-15.5%
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Stock Comparison
MSGE vs LYV
Revenue, margins, valuation, and 5-year total return — side by side.
LYV
Live Nation Entertainment, Inc.
Entertainment
Market Cap$39.00B
5Y Perf.+241.4%
MSGE vs LYV — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | MSGE | LYV |
|---|---|---|
| Industry | Entertainment | Entertainment |
| Market Cap | $2.71B | $39.00B |
| Revenue (TTM) | $1.01B | $25.61B |
| Net Income (TTM) | $52M | $84M |
| Gross Margin | 46.1% | 40.3% |
| Operating Margin | 13.5% | 3.4% |
| Forward P/E | 57.0x | 116.8x |
| Total Debt | $1.20B | $12.44B |
| Cash & Equiv. | $43M | $7.11B |
MSGE vs LYV — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
MSGE
LYV
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Madison Square Gard… (MSGE) | 100 | 84.5 | -15.5% |
| Live Nation Enterta… (LYV) | 100 | 341.4 | +241.4% |
Price return only. Dividends and distributions are not included.
Quick Verdict: MSGE vs LYV
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: MSGE leads in 4 of 7 categories, making it the strongest pick for valuation and capital efficiency and profitability and margin quality. Live Nation Entertainment, Inc. is the stronger pick specifically for growth and revenue expansion and capital preservation and lower volatility. As sector peers, any of these can serve as alternatives in the same allocation.
MSGE
Madison Square Garden Entertainment Corp.
The Value Play
MSGE carries the broadest edge in this set and is the clearest fit for value and quality.
- Lower P/E (57.0x vs 116.8x)
- 5.1% margin vs LYV's 0.3%
- +88.1% vs LYV's +25.1%
Best for: value and quality
LYV
Live Nation Entertainment, Inc.
The Income Pick
LYV is the clearest fit if your priority is income & stability and growth exposure.
- Dividend streak 1 yrs, beta 0.80
- Rev growth 8.8%, EPS growth -108.8%, 3Y rev CAGR 14.7%
- 6.2% 10Y total return vs MSGE's -24.4%
Best for: income & stability and growth exposure
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | LYV | 8.8% revenue growth vs MSGE's -1.7% |
| Value | MSGE | Lower P/E (57.0x vs 116.8x) |
| Quality / Margins | MSGE | 5.1% margin vs LYV's 0.3% |
| Stability / Safety | LYV | Beta 0.80 vs MSGE's 0.94 |
| Dividends | Tie | Neither stock pays a meaningful dividend |
| Momentum (1Y) | MSGE | +88.1% vs LYV's +25.1% |
| Efficiency (ROA) | MSGE | 2.8% ROA vs LYV's 0.4%, ROIC 8.5% vs 19.7% |
MSGE vs LYV — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2025
FY 2025
MSGE vs LYV — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLMSGELAGGINGLYV
LYVLive Nation Entertain…
2leads
MSGEMadison Square Garden…
2leads
6 Total Categories
CATEGORYLEADERvs LYVMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
MSGE6/6
Valuation MetricsMultiples, price ratios, and targets
LYV3/5
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
MSGE5/8
Total Returns1Y, 3Y, 5Y total returns with dividends
LYV4/6
Risk & VolatilityBeta, volatility, and downside exposure
Tied
—
Analyst OutlookRatings, price targets, and dividends
—
—
Income & Cash Flow (Last 12 Months)
MSGE leads this category, winning 6 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
LYV is the larger business by revenue, generating $25.6B annually — 25.2x MSGE's $1.0B. Profitability is closely matched — net margins range from 5.1% (MSGE) to 0.3% (LYV).
| Metric | MSGEMadison Square Ga… | LYVLive Nation Enter… |
|---|---|---|
| RevenueTrailing 12 months | $1.0B | $25.6B |
| EBITDAEarnings before interest/tax | $195M | $1.6B |
| Net IncomeAfter-tax profit | $52M | $84M |
| Free Cash FlowCash after capex | $207M | $1.2B |
| Gross MarginGross profit ÷ Revenue | +46.1% | +40.3% |
| Operating MarginEBIT ÷ Revenue | +13.5% | +3.4% |
| Net MarginNet income ÷ Revenue | +5.1% | +0.3% |
| FCF MarginFCF ÷ Revenue | +20.4% | +4.8% |
| Rev. Growth (YoY)Latest quarter vs prior year | +12.9% | +12.1% |
| EPS Growth (YoY)Latest quarter vs prior year | +24.4% | -4.8% |
MSGE leads this category, winning 6 of 6 comparable metrics.
Valuation Metrics
LYV leads this category, winning 3 of 5 comparable metrics.
Valuation Metrics
On an enterprise value basis, LYV's 20.0x EV/EBITDA is more attractive than MSGE's 21.5x.
| Metric | MSGEMadison Square Ga… | LYVLive Nation Enter… |
|---|---|---|
| Market CapShares × price | $2.7B | $39.0B |
| Enterprise ValueMkt cap + debt − cash | $3.9B | $44.3B |
| Trailing P/EPrice ÷ TTM EPS | 86.95x | -699.25x |
| Forward P/EPrice ÷ next-FY EPS est. | 57.04x | 116.85x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 21.48x | 20.05x |
| Price / SalesMarket cap ÷ Revenue | 2.87x | 1.55x |
| Price / BookPrice ÷ Book value/share | — | 21.39x |
| Price / FCFMarket cap ÷ FCF | 29.06x | 116.89x |
LYV leads this category, winning 3 of 5 comparable metrics.
Profitability & Efficiency
MSGE leads this category, winning 5 of 8 comparable metrics.
Profitability & Efficiency
MSGE delivers a 144.2% return on equity — every $100 of shareholder capital generates $144 in annual profit, vs $5 for LYV. On the Piotroski fundamental quality scale (0–9), MSGE scores 6/9 vs LYV's 5/9, reflecting solid financial health.
| Metric | MSGEMadison Square Ga… | LYVLive Nation Enter… |
|---|---|---|
| ROE (TTM)Return on equity | +144.2% | +5.1% |
| ROA (TTM)Return on assets | +2.8% | +0.4% |
| ROICReturn on invested capital | +8.5% | +19.7% |
| ROCEReturn on capital employed | +11.0% | +13.4% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 5 |
| Debt / EquityFinancial leverage | — | 6.84x |
| Net DebtTotal debt minus cash | $1.2B | $5.3B |
| Cash & Equiv.Liquid assets | $43M | $7.1B |
| Total DebtShort + long-term debt | $1.2B | $12.4B |
| Interest CoverageEBIT ÷ Interest expense | 3.08x | 3.68x |
MSGE leads this category, winning 5 of 8 comparable metrics.
Total Returns (Dividends Reinvested)
LYV leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in LYV five years ago would be worth $22,340 today (with dividends reinvested), compared to $7,718 for MSGE. Over the past 12 months, MSGE leads with a +88.1% total return vs LYV's +25.1%. The 3-year compound annual growth rate (CAGR) favors LYV at 29.2% vs MSGE's 25.0% — a key indicator of consistent wealth creation.
| Metric | MSGEMadison Square Ga… | LYVLive Nation Enter… |
|---|---|---|
| YTD ReturnYear-to-date | +23.2% | +15.5% |
| 1-Year ReturnPast 12 months | +88.1% | +25.1% |
| 3-Year ReturnCumulative with dividends | +95.5% | +115.7% |
| 5-Year ReturnCumulative with dividends | -22.8% | +123.4% |
| 10-Year ReturnCumulative with dividends | -24.4% | +616.3% |
| CAGR (3Y)Annualised 3-year return | +25.0% | +29.2% |
LYV leads this category, winning 4 of 6 comparable metrics.
Risk & Volatility
Evenly matched — MSGE and LYV each lead in 1 of 2 comparable metrics.
Risk & Volatility
LYV is the less volatile stock with a 0.80 beta — it tends to amplify market swings less than MSGE's 0.94 beta. A beta below 1.0 means the stock typically moves less than the S&P 500.
| Metric | MSGEMadison Square Ga… | LYVLive Nation Enter… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.94x | 0.80x |
| 52-Week HighHighest price in past year | $68.51 | $175.25 |
| 52-Week LowLowest price in past year | $33.38 | $125.34 |
| % of 52W HighCurrent price vs 52-week peak | +97.7% | +95.8% |
| RSI (14)Momentum oscillator 0–100 | 64.8 | 50.9 |
| Avg Volume (50D)Average daily shares traded | 304K | 2.8M |
Evenly matched — MSGE and LYV each lead in 1 of 2 comparable metrics.
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates MSGE as "Buy" and LYV as "Buy". Consensus price targets imply 7.9% upside for LYV (target: $181) vs -1.0% for MSGE (target: $66).
| Metric | MSGEMadison Square Ga… | LYVLive Nation Enter… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $66.29 | $181.00 |
| # AnalystsCovering analysts | 12 | 44 |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | — | 1 |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | +1.5% | +0.1% |
Insufficient data to determine a leader in this category.
Key Takeaway
MSGE leads in 2 of 6 categories (Income & Cash Flow, Profitability & Efficiency). LYV leads in 2 (Valuation Metrics, Total Returns). 1 tied.
Best OverallMadison Square Garden Enter… (MSGE)Leads 2 of 6 categories
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MSGE vs LYV: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is MSGE or LYV a better buy right now?
For growth investors, Live Nation Entertainment, Inc.
(LYV) is the stronger pick with 8. 8% revenue growth year-over-year, versus -1. 7% for Madison Square Garden Entertainment Corp. (MSGE). Madison Square Garden Entertainment Corp. (MSGE) offers the better valuation at 86. 9x trailing P/E (57. 0x forward), making it the more compelling value choice. Analysts rate Madison Square Garden Entertainment Corp. (MSGE) a "Buy" — based on 12 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — MSGE or LYV?
On forward P/E, Madison Square Garden Entertainment Corp.
is actually cheaper at 57. 0x.
03Which is the better long-term investment — MSGE or LYV?
Over the past 5 years, Live Nation Entertainment, Inc.
(LYV) delivered a total return of +123. 4%, compared to -22. 8% for Madison Square Garden Entertainment Corp. (MSGE). Over 10 years, the gap is even starker: LYV returned +616. 3% versus MSGE's -24. 4%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — MSGE or LYV?
By beta (market sensitivity over 5 years), Live Nation Entertainment, Inc.
(LYV) is the lower-risk stock at 0. 80β versus Madison Square Garden Entertainment Corp. 's 0. 94β — meaning MSGE is approximately 18% more volatile than LYV relative to the S&P 500.
05Which is growing faster — MSGE or LYV?
By revenue growth (latest reported year), Live Nation Entertainment, Inc.
(LYV) is pulling ahead at 8. 8% versus -1. 7% for Madison Square Garden Entertainment Corp. (MSGE). On earnings-per-share growth, the picture is similar: Madison Square Garden Entertainment Corp. grew EPS -74. 1% year-over-year, compared to -108. 8% for Live Nation Entertainment, Inc.. Over a 3-year CAGR, LYV leads at 14. 7% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — MSGE or LYV?
Madison Square Garden Entertainment Corp.
(MSGE) is the more profitable company, earning 4. 0% net margin versus 2. 0% for Live Nation Entertainment, Inc. — meaning it keeps 4. 0% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: MSGE leads at 13. 0% versus 5. 9% for LYV. At the gross margin level — before operating expenses — MSGE leads at 43. 2%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is MSGE or LYV more undervalued right now?
On forward earnings alone, Madison Square Garden Entertainment Corp.
(MSGE) trades at 57. 0x forward P/E versus 116. 8x for Live Nation Entertainment, Inc. — 59. 8x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for LYV: 7. 9% to $181. 00.
08Which pays a better dividend — MSGE or LYV?
None of the stocks in this comparison currently pay a material dividend.
All are effectively zero-yield and should be held for capital appreciation rather than income.
09Is MSGE or LYV better for a retirement portfolio?
For long-horizon retirement investors, Live Nation Entertainment, Inc.
(LYV) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 80), +616. 3% 10Y return). Both have compounded well over 10 years (LYV: +616. 3%, MSGE: -24. 4%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between MSGE and LYV?
Both stocks operate in the Communication Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
Find Stocks Like These
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- Sector: Communication Services
- Market Cap > $100B
- Revenue Growth > 6%
- Gross Margin > 24%
Revenue Growth>
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