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MSGEMadison Square Garden Entertainment Corp.
$80.17$3.7B
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 · Entertainment
$80.17
At close - Sep 22, 4:00 PM EDT - USD
Market Cap$3.79B
P/E-74.9x
52W High$90.41
Volume366.17K
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. The comp...

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

5/12 Beats

EPS beat 5 of last 12 quarters

02

Valuation risk

-317% Peers

P/E is 317% below peer median

03

Market leadership

RS 83 · Leader

High momentum (Outperforming 83% of market)

04

Mixed Trend

Mixed

Price < 50DMA but > 200DMA

Next CatalystEstimated earnings · Nov 12

Market performance

Price History →

Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
MSGE+47.53%
S&P 500 (^GSPC)+13.20%
1-Year Return
MSGE+75.31%
S&P 500 (^GSPC)+15.98%
3-Year Return
MSGE+144.12%
S&P 500 (^GSPC)+77.21%
5-Year Return
MSGE+5.49%
S&P 500 (^GSPC)+71.67%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
-73.4x
Forward P/E
68.2x
EV/EBITDA40th %ile
15.3x
FCF YieldCash Flow
2.2%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
-73.4x
22.9x
0th· Low
EV/EBITDA
15.3x
16.1x
40th· Fair
Price/FCF
44.6x
20.8x
100th· High
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$23.18-71.1%
Base (Fair)$49.87-36.9%
Bull$66.96-16.5%
$23.18 Bear$49.87 Base$66.96 Bull
Current Market Price: $80.17
Trades at a 60.8% premium to Base DCF ($49.87)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$314M-66.7% YoY
Net income
-$39M-203.6% YoY
Free cash flow
$83M-10.6% YoY
Operating margin
-20.8%-35.1 pts YoY
ROIC (TTM)-2.6%
Avg ROIC 5Y-
ROE (TTM)-3.5%
Piotroski Score6 / 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 Rate5/12 (42%)
Revenue Beat Rate9/12 (75%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
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
Q4 2025
Nov 6, 2025
-$0.46+22.0%
vs -$0.59
$158M-64.2%
vs $442M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Business Wire·2d ago
Josephine Vaccarello Named President of MSG Entertainment

NEW YORK--(BUSINESS WIRE)--Madison Square Garden Entertainment Corp. (MSG Entertainment) (NYSE: MSGE) announced today that Josephine Vaccarello has been named President of MSG Entertainment. In this elevated role, Ms. Vaccarello, who most recently served as the Company's Executive Vice President, Live, will oversee the strategy and operations of multiple areas of the business as MSG Entertainment continues to focus on enhancing and expanding its portfolio of live experiences for the millions of.

Business Wire·2d ago
Madison Square Garden Entertainment Corp. Repurchases $25 Million of MSGE Class A Common Stock

NEW YORK--(BUSINESS WIRE)--Madison Square Garden Entertainment Corp. (NYSE: MSGE) (the “Company” or “MSG Entertainment”) today announced that the Company repurchased 314,349 shares of MSGE Class A common stock at an average price of $79.53 per share for an aggregate purchase price of approximately $25 million from September 11, 2026 through September 17, 2026. The share repurchases were funded using cash on hand.Since the Company was spun off from Sphere Entertainment Co. in April 2023, the Comp.

Defense World·6d ago
Madison Square Garden Entertainment Corp. $MSGE Stock Position Lowered by Engineers Gate Manager LP

Engineers Gate Manager LP decreased its position in Madison Square Garden Entertainment Corp. (NYSE: MSGE) by 59.1% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 19,446 shares of the company's stock after selling 28,123 shares during the period. Engineers Gate Manager LP's holdings in

Invezz·Aug 31, 2026
BofA names 3 stocks with meaningful upside in September

Bank of America's equity research desk has singled out a handful of stocks it expects to outperform as markets move into September. The picks skip any single macro narrative, spanning live entertainment, semiconductor equipment, household products, and luxury apparel.

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
$80.17$3.79B-74.93-66.73%-12.37%-3.5%—
LYV logoLYVLive Nation Entertainment, Inc.
$169.84$39.52B-707.678.83%0.51%9%—
EPR logoEPREPR Properties
$57.84$4.43B17.6312.07%36.04%11.34%—
CHDN logoCHDNChurchill Downs Incorporated
$79.49$5.54B14.947.01%13.69%35.09%—
AMC logoAMCAMC Entertainment Holdings, Inc.
$2.97$1.7B-2.414.57%-10.59%——
CNK logoCNKCinemark Holdings, Inc.
$35.88$4.19B34.502.15%6.42%26.47%—

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 $1.06B in revenue for fiscal year 2026. This represents a 7% increase from $989.0M in 2018.

How fast is Madison Square Garden Entertainment Corp. growing?

Madison Square Garden Entertainment Corp. (MSGE) saw revenue decline by 66.7% over the past year.

Is MSGE profitable?

Yes, Madison Square Garden Entertainment Corp. (MSGE) is profitable, generating $66.2M in net income for fiscal year 2026 (-12.4% net margin).

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

Madison Square Garden Entertainment Corp. (MSGE) has a return on equity (ROE) of -3.5%. Negative ROE indicates the company is unprofitable.

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

Madison Square Garden Entertainment Corp. (MSGE) generated $441.3M in free cash flow for fiscal year 2026. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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

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

See returns →