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MSGEMadison Square Garden Entertainment Corp.
$77.06$3.6B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
MSGE logo

Madison Square Garden Entertainment Corp.

MSGE
NYSE · Live Entertainment & Sports
$77.06
At close - Nov 6, 4:00 PM EST - USD
Market Cap$3.65B
P/E38.2x
52W High$90.41
Volume245.88K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q4

Event-Driven Revenue Swings Mask Deleveraged Venue Asset Base

MSGE's post-spin-off balance sheet is dramatically stronger, with debt-to-equity falling from 49.0 to 0.08 and cash at $552.0M, but the business remains highly event-driven, as evidenced by revenue swinging from $459.9M in 2026Q2 to $158.3M in 2026Q1.

GrowthMixed
ProfitabilityStable
ValuationExpensive
TechnicalsMixed
Explore valuation models
MARKET ACTION

MSGE price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

6/12 Beats

EPS beat 6 of last 12 quarters

02

Valuation risk

+145% Peers

P/E is 145% above peer median

03

Market leadership

RS 75 · Avg

Average momentum (RS Rating: 75)

04

Mixed Trend

Mixed

Price < 50DMA but > 200DMA

Next CatalystEstimated earnings · Feb 4

Market performance

Price History →

Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
MSGE+41.81%
S&P 500 (^GSPC)+7.63%
1-Year Return
MSGE+74.07%
S&P 500 (^GSPC)+9.69%
3-Year Return
MSGE+152.41%
S&P 500 (^GSPC)+72.99%
5-Year Return
MSGE-8.08%
S&P 500 (^GSPC)+59.89%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/EMedian
38.2x
Forward P/E
67.0x
EV/EBITDA60th %ile
18.1x
FCF YieldCash Flow
10.7%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
38.2x
51.9x
50th· Fair
EV/EBITDA
18.1x
16.3x
60th· Fair
Price/FCF
9.4x
20.8x
0th· Low
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$21.22-72.5%
Base (Fair)$46.88-39.2%
Bull$62.63-18.7%
$21.22 Bear$46.88 Base$62.63 Bull
Current Market Price: $77.06
Trades at a 64.4% premium to Base DCF ($46.88)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue FY26
$1.06B+12.5% YoY
Net income FY26
$66M+76.8% YoY
Free cash flow FY26
$83M-10.6% YoY
Operating margin FY26
13.3%-0.9 pts YoY
ROIC (FY26)5.7%
Avg ROIC 5Y6.7%
ROE (TTM)8.6%
Piotroski Score7 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate6/12 (50%)
Revenue Beat Rate10/12 (83%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q4 2026Latest
Nov 4, 2026
$0.19+470.7%
vs -$0.05
$217M+4.3%
vs $208M
Q3 2026
Aug 12, 2026
-$0.21+52.3%
vs -$0.44
$196M+17.8%
vs $167M
Q2 2026
May 7, 2026
$0.11-21.4%
vs $0.14
$246M+1.3%
vs $243M
Q1 2026
Feb 3, 2026
$1.94-17.4%
vs $2.35
$460M+1.7%
vs $452M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
Business Wire·2d ago
Newmark Named the Official Commercial Real Estate Partner of the Rangers and Knicks

NEW YORK--(BUSINESS WIRE)--MSG Rangers Corp. (NYSE: MSGR) (“MSG Rangers”), MSG Knickerbockers Corp. (NYSE: MSGK) (“MSG Knicks”) and Madison Square Garden Entertainment Corp. (NYSE: MSGE) (“MSG Entertainment”) announced today a new partnership with Newmark Group, Inc. (Nasdaq: NMRK) (“Newmark”), naming the global commercial real estate advisory and services firm the Official Commercial Real Estate Partner of the New York Knicks and New York Rangers and an Official Partner of the Arena at Madison.

The Motley Fool·2d ago
Madison Square Garden: 3 Key Takeaways for Long-Term Investors

First quarter revenue increased 37% year over year to $217 million. Management repurchased $25 million of Class A common stock during the quarter.

Seeking Alpha·3d ago
Madison Square Garden Entertainment Corp. (MSGE) Q1 2027 Earnings Call Transcript

Madison Square Garden Entertainment Corp. (MSGE) Q1 2027 Earnings Call Transcript

Zacks Investment Research·3d ago
MSG Entertainment (MSGE) Reports Q1 Earnings: What Key Metrics Have to Say

The headline numbers for MSG Entertainment (MSGE) give insight into how the company performed in the quarter ended September 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Filtered for Madison Square Garden Entertainment Corp.More Headlines
04

Compare before deciding

Benchmark MSGE against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Madison Square Garden Entertainment Corp. (MSGE)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
MSGE logoMSGEMadison Square Garden Entertainment Corp.Current
$77.06$3.65B38.2312.52%8.64%8.55%—
LYV logoLYVLive Nation Entertainment, Inc.
$175.25$40.78B297.398.83%0.54%9.66%—
EPR logoEPREPR Properties
$59.51$4.55B15.4912.07%38.83%12.78%6.39%
CHDN logoCHDNChurchill Downs Incorporated
$97.94$6.83B15.177.01%15.04%36.19%0.44%
AMC logoAMCAMC Entertainment Holdings, Inc.
$3.14$1.8B-19.204.57%-2.6%——
CNK logoCNKCinemark Holdings, Inc.
$38.90$4.54B15.622.15%8.13%33.18%0.74%

Compare MSGE vs Peers

Madison Square Garden Entertainment Corp. (MSGE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs LYV

Most directly comparable listed peer for MSGE.

Scale Benchmark

vs DIS

Larger-name benchmark to compare MSGE against a more recognizable public peer.

Peer Set

Compare Top 5

vs LYV, EPR, CHDN, AMC

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

MSGE SEC Filings & Documents

Madison Square Garden Entertainment Corp. (MSGE) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 12, 2026·SEC

Material company update

Jul 30, 2026·SEC

Material company update

Jun 12, 2026·SEC

10-K Annual Reports

3
FY 2026

Aug 12, 2026·SEC

FY 2026

Feb 12, 2026·SEC

FY 2025

Aug 13, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

Jul 30, 2026·SEC

FY 2026

May 7, 2026·SEC

FY 2026

May 5, 2026·SEC

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MSGE Frequently Asked Questions

Madison Square Garden Entertainment Corp. (MSGE) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Madison Square Garden Entertainment Corp.'s revenue?

Madison Square Garden Entertainment Corp. (MSGE) reported $1.12B in revenue over the trailing twelve months. Revenue was $1.06B in fiscal year 2026. That is 7% more than the $989.0M of fiscal year 2018.

How fast is Madison Square Garden Entertainment Corp. growing?

Madison Square Garden Entertainment Corp. (MSGE) grew revenue by 16.4% over the trailing twelve months, compared with the twelve months before.

Is MSGE profitable?

Yes. Madison Square Garden Entertainment Corp. (MSGE) earned $96.7M in net income over the trailing twelve months (a 8.6% net margin).

Dividend & Returns
What is MSGE's return on equity?

Madison Square Garden Entertainment Corp. (MSGE) had a return on equity (ROE) of 8.6% over the trailing twelve months. That is below the market's typical 10-15%.

What is Madison Square Garden Entertainment Corp.'s free cash flow?

Madison Square Garden Entertainment Corp. (MSGE) generated $389.3M in free cash flow over the trailing twelve months.

What if you invested $1,000 in MSGE back in 2018?

Total return calculator · dividends reinvested · 8+ years of data

See returns →