Overview Dividends

(MSGE) Madison Square Garden - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US5582561032

Concerts, Sports, Family Shows, Special Events, Theater

Movies & Entertainment
Market Cap in USD: 2,567m

IPO / Inception: 2020-04-09
Return 12m vs S&P 500: 30.1%

EPS (Earnings per Share)

EPS CAGR: -5.14%
EPS Trend: 22.7%

Last SUE: 0.40
Qual. Beats: 0

Revenue

Rev. CAGR: 86.82%
Rev. Trend: 41.9%

Last SUE: 0.16
Qual. Beats: 0

Dividends

Currently no dividends paid

Risk via 5d forecast
Volatility	29.7%
Value at Risk 5%th	45.5%
Relative Tail Risk	-6.81%

Reward TTM
Sharpe Ratio	1.23
Alpha	32.13
CAGR/Max DD	0.63

Character TTM
Hurst Exponent	0.399
Beta	0.957
Beta Downside	1.108

Drawdowns 3y
Max DD	33.94%
Mean DD	12.14%
Median DD	12.89%

Description: MSGE Madison Square Garden November 13, 2025

Madison Square Garden Entertainment Corp. (MSGE) operates a portfolio of iconic venues-including Madison Square Garden, Radio City Music Hall, the Beacon Theatre, and The Chicago Theatre-to produce, present, and host a wide array of live-entertainment events such as concerts, sporting contests, family shows, and performing-arts productions. The company also owns the flagship “Christmas Spectacular Starring the Radio City Rockettes.”

In FY 2023 MSGE generated roughly $1.2 billion in revenue, with an adjusted EBITDA margin around 15 %, reflecting strong demand for premium live experiences despite a modest dip in ticket-sale volumes earlier in the year. Venue utilization rates have rebounded to approximately 85 % of pre-pandemic levels, driven by a resurgence in discretionary spending as consumer confidence improves.

Key economic drivers for MSGE include the health of the broader entertainment-and-leisure sector, which is sensitive to household income trends, inflation-adjusted ticket pricing, and the competitive pressure from streaming services that can erode live-event attendance. Additionally, the company benefits from a diversified revenue mix-ticket sales, sponsorships, and concessions-providing some buffer against macro-economic shocks.

For a deeper quantitative view of MSGE’s valuation metrics, the ValueRay platform offers a granular breakdown of its forward cash-flow assumptions.

Piotroski VR‑10 (Strict, 0-10) 5.0

Net Income (-44.4m TTM) > 0 and > 6% of Revenue (6% = 57.7m TTM)

FCFTA 0.08 (>2.0%) and ΔFCFTA 4.88pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -29.45% (prev -27.29%; Δ -2.17pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.10 (>3.0%) and CFO 162.5m > Net Income -44.4m (YES >=105%, WARN >=100%)

Net Debt (1.19b) to EBITDA (27.0m) ratio: 43.87 <= 3.0 (WARN <= 3.5)

Current Ratio 0.48 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (47.5m) change vs 12m ago -2.28% (target <= -2.0% for YES)

Gross Margin 46.26% (prev 43.18%; Δ 3.08pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 58.49% (prev 59.35%; Δ -0.86pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 1.46 (EBITDA TTM 27.0m / Interest Expense TTM 45.9m) >= 6 (WARN >= 3)

Altman Z'' -0.52

(A) -0.17 = (Total Current Assets 264.2m - Total Current Liabilities 547.7m) / Total Assets 1.68b

(B) 0.08 = Retained Earnings (Balance) 131.4m / Total Assets 1.68b

(D) 0.06 = Book Value of Equity 100.6m / Total Liabilities 1.75b

Total Rating: -0.52 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 55.65

1. Piotroski 5.0pt

2. FCF Yield 3.74%

3. FCF Margin 14.57%

4. Debt/Equity -18.47

5. Debt/Ebitda 43.87

6. ROIC - WACC (= 1.74)%

7. RoE -7.84%

8. Rev. Trend 41.85%

9. EPS Trend 22.67%

What is the price of MSGE shares?

As of January 07, 2026, the stock is trading at USD 53.96 with a total of 231,161 shares traded.
Over the past week, the price has changed by +0.35%, over one month by +3.23%, over three months by +18.26% and over the past year by +52.90%.

Is MSGE a buy, sell or hold?

Madison Square Garden has received a consensus analysts rating of 4.44. Therefore, it is recommended to buy MSGE.

Strong Buy: 6
Buy: 1
Hold: 2
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the MSGE price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	53.7	-0.5%
Analysts Target Price	53.7	-0.5%
ValueRay Target Price	62.1	15.1%

MSGE Fundamental Data Overview January 04, 2026

Market Cap USD = 2.57b (2.57b USD * 1.0 USD.USD)
P/E Trailing = 76.5352
P/E Forward = 25.5102
P/S = 2.6672
P/B = 183.2929
Beta = 0.437
Revenue TTM = 962.3m USD
EBIT TTM = 67.1m USD
EBITDA TTM = 27.0m USD
Long Term Debt = 581.7m USD (from longTermDebt, last quarter)
Short Term Debt = 62.8m USD (from shortTermDebt, last quarter)
Debt = 1.22b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.19b USD (from netDebt column, last quarter)
Enterprise Value = 3.75b USD (2.57b + Debt 1.22b - CCE 29.9m)
Interest Coverage Ratio = 1.46 (Ebit TTM 67.1m / Interest Expense TTM 45.9m)
FCF Yield = 3.74% (FCF TTM 140.2m / Enterprise Value 3.75b)
FCF Margin = 14.57% (FCF TTM 140.2m / Revenue TTM 962.3m)
Net Margin = -4.62% (Net Income TTM -44.4m / Revenue TTM 962.3m)
Gross Margin = 46.26% ((Revenue TTM 962.3m - Cost of Revenue TTM 517.2m) / Revenue TTM)
Gross Margin QoQ = 35.32% (prev 48.84%)
Tobins Q-Ratio = 2.23 (Enterprise Value 3.75b / Total Assets 1.68b)
Interest Expense / Debt = 0.77% (Interest Expense 9.40m / Debt 1.22b)
Taxrate = 25.98% (-35.5m / -136.7m)
NOPAT = 49.7m (EBIT 67.1m * (1 - 25.98%))
Current Ratio = 0.48 (Total Current Assets 264.2m / Total Current Liabilities 547.7m)
Debt / Equity = -18.47 (negative equity) (Debt 1.22b / totalStockholderEquity, last quarter -65.8m)
Debt / EBITDA = 43.87 (Net Debt 1.19b / EBITDA 27.0m)
Debt / FCF = 8.45 (Net Debt 1.19b / FCF TTM 140.2m)
Total Stockholder Equity = 566.9m (last 4 quarters mean from totalStockholderEquity)
RoA = -2.65% (Net Income -44.4m / Total Assets 1.68b)
RoE = -7.84% (Net Income TTM -44.4m / Total Stockholder Equity 566.9m)
RoCE = 5.84% (EBIT 67.1m / Capital Employed (Equity 566.9m + L.T.Debt 581.7m))
RoIC = 8.40% (NOPAT 49.7m / Invested Capital 591.8m)
WACC = 6.66% (E(2.57b)/V(3.78b) * Re(9.54%) + D(1.22b)/V(3.78b) * Rd(0.77%) * (1-Tc(0.26)))
Discount Rate = 9.54% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -3.92%
[DCF Debug] Terminal Value 64.00% ; FCFE base≈106.4m ; Y1≈69.9m ; Y5≈32.0m
Fair Price DCF = 12.35 (DCF Value 498.6m / Shares Outstanding 40.4m; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: 22.67 | EPS CAGR: -5.14% | SUE: 0.40 | # QB: 0
Revenue Correlation: 41.85 | Revenue CAGR: 86.82% | SUE: 0.16 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.34 | Chg30d=+0.045 | Revisions Net=+1 | Analysts=2
EPS current Year (2026-06-30): EPS=1.68 | Chg30d=-0.020 | Revisions Net=+1 | Growth EPS=+0.0% | Growth Revenue=+7.1%
EPS next Year (2027-06-30): EPS=2.40 | Chg30d=+0.205 | Revisions Net=+1 | Growth EPS=+43.1% | Growth Revenue=+5.6%

Additional Sources for MSGE Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle