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Madison Square Garden Entertainment Corp. MSGE

NYSE · stock · Services-Miscellaneous Amusement & Recreation · website · IPO 2023-04-17

Madison Square Garden Entertainment Corp. statistics & valuation

P / E57.4×
P / S3.6×
P / B83.0×
Net margin6.2%
Net debt$246.7M
Net debt / EBITDA1.2×
Enterprise value USD$4.0B
EV / EBITDA20.5×
Earnings yield EBIT/EV3.5%
Return on capital11.9%
Graham number -93.8%$5.44

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($5.44); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
-20.40% 9.00% 15.00% 4.00% 6.20% 20222023202420252026
Gross margin (%)
20222023202420252026
Operating margin (%)
-0.90% 12.30% 11.70% 13.00% 13.30% 20222023202420252026
Return on equity (%)
144.60% 20222023202420252026
Shares outstanding
51.8M 52.3M 48.6M 48.3M 48.0M 20222023202420252026
Net debt ($)
$596.8M $554.1M $566.0M $525.8M $246.7M 20222023202420252026
Share buybacks ($)
20222023202420252026
Return on assets (%)
-8.70% 5.50% 9.30% 2.20% 3.40% 20222023202420252026
Free cash flow margin (%)
20222023202420252026
Debt / equity (×)
11.80× 20222023202420252026
EPS ($)
-$2.58 $1.47 $2.97 $0.77 $1.38 20222023202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Madison Square Garden Entertainment Corp. trades at about 64.1× earnings — above its 10-year norm (10-year range 13.3×–56×, median 49.1×).

13.3× 64.1×

Shaded band = 10-year range (13.3×–56×); dot = today's 64.1×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023FY2022
Operating margin13.3%13.0%11.7%12.3%-0.9%
Net margin6.2%4.0%15.0%9.0%-20.4%
Return on assets3.4%2.2%9.3%5.5%-8.7%
Return on equity144.6%-281.4%-622.9%-110.3%8391.2%
Debt / equity11.80×-42.77×-25.87×-9.07×-412.15×
Current ratio0.700.470.430.550.63

Computed from company filings · US · as of 2025-06-30. Facts plus Stocktoria's own computed scores — not investment advice.