Last 26 quarters of trend data · Communication Services · Entertainment
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Madison Square Garden Entertainment Corp.'s quarterly P/E stands at 6.9x, up 21.7% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has compressed 5.2% YoY to 4.3x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 82.00 | 6.94 | — | — | 48.15 | 5.71 | — | 6.07 | 169.89 | 3.07 | — | — | 35.16 |
| — | +21.7% | — | — | -71.7% | +85.9% | — | — | +383.2% | -48.1% | — | — | — | |
| P/S Ratio | 2.71 | 1.40 | 3.39 | 3.09 | 1.63 | 1.06 | 3.72 | 2.19 | 2.08 | 0.95 | 2.92 | 2.90 | 3.80 |
| — | +32.0% | -8.9% | +41.0% | -21.7% | +12.1% | +27.6% | -24.5% | -45.2% | -41.4% | +12.7% | +14.5% | +3.1% | |
| P/B Ratio | — | 71.59 | — | — | 165.90 | 167.56 | — | — | — | — | — | — | 70.29 |
| — | -57.3% | — | — | — | — | — | — | — | — | — | — | +5454.6% | |
| P/FCF | 27.41 | 3.78 | 38.76 | — | 7.34 | 4.18 | — | — | — | 3.97 | — | 1218.99 | 12.74 |
| — | -9.4% | — | — | — | +5.1% | — | — | — | -15.4% | — | +7981.4% | — | |
| EV / EBITDA | 20.62 | 4.28 | — | — | 16.16 | 4.51 | — | 132.15 | 23.78 | 4.08 | — | — | 24.47 |
| — | -5.2% | — | — | -32.0% | +10.6% | — | — | -2.8% | -31.7% | — | — | -3.2% | |
| EV / EBIT | 30.38 | 4.67 | — | — | 24.88 | 5.00 | — | — | 38.95 | 4.48 | — | — | 27.42 |
| — | -6.6% | — | — | -36.1% | +11.6% | — | — | +42.0% | -34.3% | — | — | -72.3% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Madison Square Garden Entertainment Corp.'s operating margin was 35.9% in Q2 2026, up 54.7 pp QoQ and up 1.7 pp YoY. The trailing four-quarter average of 2.9% lags the current quarter, suggesting the recent improvement is above-trend.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 43.2% | 50.7% | 35.3% | 48.8% | 42.7% | 51.6% | 29.6% | 45.9% | 37.8% | 49.6% | 28.5% | 44.9% | 42.8% |
| — | -1.8% | +19.5% | +6.3% | +13.0% | +4.0% | +3.7% | +2.2% | -11.7% | +0.8% | -6.8% | +5.8% | -1.2% | |
| Operating Margin | 13.0% | 35.9% | -18.8% | -16.7% | 11.3% | 34.1% | -13.3% | -4.8% | 7.4% | 34.1% | -23.5% | -14.7% | 12.3% |
| — | +5.1% | -41.0% | -250.9% | +53.1% | -0.0% | +43.3% | +67.7% | -40.0% | +7.1% | -204.4% | -374.3% | +50.3% | |
| Net Margin | 4.0% | 20.2% | -13.7% | -17.6% | 3.3% | 18.6% | -13.9% | 36.0% | 1.2% | 31.1% | -35.6% | -16.5% | 10.8% |
| — | +8.2% | +1.8% | -149.0% | +170.7% | -40.1% | +60.9% | +317.3% | -88.7% | +13.8% | -191.5% | +58.7% | +632.8% |
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | 257.4% | — | — | 81.0% | 734.8% | — | — | — | — | — | — | 30.5% |
| — | -65.0% | — | — | — | — | — | — | — | — | — | — | +17683.5% | |
| ROA | 2.3% | 5.3% | -1.3% | -1.6% | 0.5% | 4.7% | -1.2% | 4.4% | 0.2% | 9.0% | -3.7% | -1.7% | 1.4% |
| — | +11.5% | -5.8% | -135.9% | +148.7% | -47.6% | +66.9% | +367.5% | -86.2% | +224.4% | -615.7% | +17.3% | +2082.6% | |
| ROIC | 8.5% | 15.1% | -2.0% | -1.7% | 1.9% | 9.9% | -1.3% | -0.7% | 1.5% | 13.5% | -3.4% | -2.0% | 2.1% |
| — | +52.3% | -47.3% | -139.8% | +26.7% | -26.5% | +61.2% | +65.1% | -30.1% | +278.0% | -871.7% | -957.7% | +494.6% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Madison Square Garden Entertainment Corp.'s Debt/EBITDA ratio is 3.6x — at a moderate level that warrants monitoring. The current ratio has improved 26.3% YoY to 0.68x, strengthening the short-term liquidity position.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | 17.80 | — | — | 126.45 | 105.44 | — | — | — | — | — | — | 21.32 |
| — | -83.1% | — | — | — | — | — | — | — | — | — | — | +2132.5% | |
| Debt / EBITDA | 6.68 | 3.58 | — | — | 28.89 | 7.11 | — | 212.18 | 32.72 | 6.43 | — | — | 23.50 |
| — | -49.6% | — | — | -11.7% | +10.6% | — | — | +39.2% | -11.7% | — | — | -62.2% | |
| Current Ratio | 0.47 | 0.68 | 0.48 | 0.47 | 0.57 | 0.54 | 0.50 | 0.43 | 0.46 | 0.47 | 0.47 | 0.55 | 0.74 |
| — | +26.3% | -3.4% | +9.0% | +23.2% | +15.6% | +6.5% | -20.7% | -36.9% | -45.8% | -48.7% | -12.8% | -51.3% | |
| Quick Ratio | 0.46 | 0.68 | 0.47 | 0.46 | 0.56 | 0.53 | 0.49 | 0.43 | 0.46 | 0.46 | 0.46 | 0.54 | 0.73 |
| — | +27.7% | -3.6% | +9.2% | +23.7% | +16.6% | +6.1% | -21.4% | -37.4% | -46.6% | -49.3% | -12.9% | -51.7% | |
| Interest Coverage | 2.42 | 15.82 | -2.70 | -2.20 | 2.32 | 10.73 | -1.32 | -0.62 | 1.16 | 9.13 | -2.34 | -1.58 | 1.84 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 26 years · Updated daily
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Start ComparisonMadison Square Garden Entertainment Corp.'s current P/E is 82.0x. The average P/E over the last 2 quarters is 27.5x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Madison Square Garden Entertainment Corp.'s current operating margin is 13.0%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Madison Square Garden Entertainment Corp.'s business trajectory between earnings reports.