Madison Square Garden Entertainment Corp (MSGE) Key Metrics
MSGE valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $3.68B
- Enterprise value
- $4.59B
- P/E (TTM)
- 56.3 10-yr median 37.0
- Forward P/E
- 26.9
- PEG ratio
- —
- Price / sales
- 3.5 10-yr median 2.0
- Price / book
- 81.1
- EV / EBITDA
- 22.6 10-yr median 15.0
- Dividend yield
- —
- Beta
- 0.56
MSGE key metrics, FY2017–FY2026
Fiscal year ended June 30, 2026 · U.S. dollarsMSGE valuation Price multiples at each fiscal year-end price.
MSGE returns How much profit the business earns on the capital it uses.
MSGE per-share figures Results divided by the shares outstanding at year-end.
MSGE financial health Debt, liquidity and how easily interest is covered.
MSGE efficiency & capital use Working capital cycle and where the cash goes.
MSGE valuation history
MSGE returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
MSGE debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
MSGE cash returned to shareholders
MSGE price vs earnings per share
MSGE key metrics
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $3.88B | $1.93B | $1.66B | $1.72B | — | — | — | — | — | — |
| Enterprise value | $4.24B | $3.09B | $2.70B | $2.54B | — | — | — | — | — | — |
| P/E ratio | 58.7 | 51.6 | 11.5 | 22.4 | — | — | — | — | — | — |
| Price / sales | 3.7 | 2.0 | 1.7 | 2.0 | — | — | — | — | — | — |
| Price / book | 1.7 | — | — | — | — | — | — | — | — | — |
| Price / free cash flow | 46.7 | 20.8 | 19.1 | 14.2 | — | — | — | — | — | — |
| Price / operating cash flow | 37.9 | 16.8 | 14.9 | 12.6 | — | — | — | — | — | — |
| EV / sales | 4.0 | 3.3 | 2.8 | 3.0 | — | — | — | — | — | — |
| EV / EBITDA | — | 17.8 | 15.0 | 13.4 | — | — | — | — | — | — |
| EV / free cash flow | 51.0 | 33.2 | 31.0 | 21.1 | — | — | — | — | — | — |
| Earnings yield | 1.7% | 1.9% | 8.7% | 4.5% | — | — | — | — | — | — |
| Free cash flow yield | 2.1% | 4.8% | 5.2% | 7.0% | — | — | — | — | — | — |
| Shareholder yield (dividends + buybacks) | 0.0% | 2.1% | 3.1% | 1.5% | — | — | — | — | — | — |
| Share price at fiscal year-end | $80.89 | $39.97 | $34.23 | $33.62 | — | — | — | — | — | — |
| Per share | ||||||||||
| Revenue per share | $22.10 | $19.51 | $19.74 | $16.68 | $14.55 | $3.38 | $24.31 | $43.72 | $41.22 | $29.92 |
| Earnings per share | $1.38 | $0.77 | $2.97 | $1.50 | −$2.97 | −$9.04 | $7.14 | −$0.75 | $0.29 | −$4.57 |
| Operating cash flow per share | $2.14 | $2.39 | $2.29 | $2.66 | $2.12 | −$6.13 | $1.31 | $3.82 | $6.02 | $4.05 |
| Free cash flow per share | $1.73 | $1.93 | $1.79 | $2.36 | $1.77 | −$6.55 | $0.08 | −$3.85 | −$1.79 | $2.29 |
| Cash per share | $11.50 | $0.89 | $0.68 | $1.49 | $1.29 | $13.15 | $51.73 | $49.62 | $51.09 | — |
| Book value per share | $46.41 | −$0.28 | −$0.48 | −$1.36 | −$0.04 | $20.52 | $118.19 | $107.20 | $103.29 | — |
| Tangible book value per share | $38.84 | −$3.02 | −$3.21 | −$3.96 | −$3.03 | $14.71 | $106.19 | $88.64 | $83.97 | — |
| Dividends per share | — | — | — | — | $0.05 | $0.07 | — | — | — | — |
| Capex per share | $0.40 | $0.46 | $0.50 | $0.30 | $0.35 | $0.43 | $1.23 | $7.67 | $7.81 | $1.76 |
| Debt per share | $19.03 | $24.85 | $22.03 | $17.69 | $38.24 | $30.45 | $10.86 | $2.28 | $4.41 | — |
| Shares outstanding | 48.0M | 48.3M | 48.6M | 51.1M | 44.9M | 24.2M | 24.0M | 24.0M | 24.0M | 23.8M |
| Change in shares outstanding | −0.7% | −0.5% | −4.8% | +13.7% | +85.8% | +0.5% | +0.2% | 0.0% | +0.9% | — |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 6.0% | — | — | — | — | −13.1% | 6.3% | −0.7% | 0.3% | — |
| Return on invested capital (ROIC) | 4.7% | 7.1% | 12.6% | 8.5% | −0.3% | −13.5% | 8.6% | −2.6% | −1.8% | — |
| Return on assets (ROA) | 2.3% | 2.3% | 9.8% | 5.2% | −8.3% | −8.1% | 4.9% | −0.5% | 0.2% | — |
| Return on tangible assets | 1.8% | 2.4% | 10.2% | 6.0% | −9.6% | −14.0% | 5.0% | −0.6% | 0.2% | — |
| Free cash flow margin | 7.8% | 9.9% | 9.1% | 14.2% | 12.2% | −193.7% | 0.3% | −8.8% | −4.3% | 7.7% |
| Income quality (OCF / net income) | 1.55 | 3.08 | 0.77 | 1.77 | — | — | 0.18 | — | 20.93 | — |
| Financial health | ||||||||||
| Total debt | $913.3M | $1.20B | $1.07B | $902.9M | $1.72B | $735.9M | $261.2M | $54.6M | $105.7M | — |
| Cash & short-term investments | $552.0M | $43.0M | $33.3M | $76.1M | $58.1M | $317.8M | $1.24B | $1.19B | $1.23B | — |
| Net debt | $361.3M | $1.16B | $1.04B | $826.8M | $1.66B | $418.1M | −$982.6M | −$1.14B | −$1.12B | — |
| Debt / equity | 0.41 | — | — | — | — | 1.48 | 0.09 | 0.02 | 0.04 | — |
| Debt / assets | 0.23 | 0.72 | 0.69 | 0.64 | 1.12 | 0.43 | 0.07 | 0.02 | 0.03 | — |
| Net debt / EBITDA | — | 6.66 | 5.76 | 4.35 | 23.73 | — | −2.73 | −11.41 | −11.76 | — |
| Current ratio | 1.22 | 0.47 | 0.43 | 0.55 | 0.63 | 1.27 | 2.80 | 2.84 | 2.80 | — |
| Quick ratio | 1.20 | 0.46 | 0.43 | 0.54 | 0.62 | 1.26 | 2.64 | 2.77 | 2.76 | — |
| Interest coverage | 3.5 | 2.7 | 1.9 | 2.0 | -0.1 | -7.0 | 530.2 | -3.0 | -2.6 | -51.1 |
| Working capital | $143.6M | −$265.3M | −$286.7M | −$245.4M | −$203.6M | $115.6M | $916.5M | $872.7M | $869.5M | — |
| Invested capital | $2.59B | $1.14B | $1.01B | $757.4M | $1.66B | $914.0M | $1.86B | $1.44B | $1.36B | — |
| Tangible asset value | $1.86B | −$146.1M | −$156.0M | −$202.3M | −$136.1M | $358.3M | $2.59B | $2.21B | $2.10B | — |
| Net current asset value | −$1.02B | −$1.45B | −$1.36B | −$1.18B | −$1.19B | −$653.8M | $581.7M | $684.5M | $631.9M | — |
| Graham number | $37.95 | — | — | — | — | — | $137.82 | — | $25.85 | — |
| Graham net-net per share | −$23.47 | −$32.39 | −$30.13 | −$25.17 | −$29.29 | −$31.11 | $20.04 | $25.31 | $23.97 | — |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | — | $2.3M | $1.8M | — | — | — | — |
| Share buybacks (net) | $0 | $39.7M | $50.9M | $25.0M | $598,000 | $0 | — | — | — | — |
| Dividends + buybacks / free cash flow | 0.0% | 42.6% | 58.4% | 20.7% | 3.6% | — | — | — | — | — |
| Capex / revenue | 1.8% | 2.4% | 2.5% | 1.8% | 2.4% | 12.6% | 5.1% | 17.5% | 18.9% | 5.9% |
| Capex / operating cash flow | 18.9% | 19.3% | 21.7% | 11.2% | 16.6% | — | 94.0% | 200.6% | 129.8% | 43.4% |
| Capex / depreciation | 0.35 | 0.38 | 0.45 | 0.25 | 0.19 | 0.13 | 0.34 | 1.68 | 1.67 | 0.43 |
| Stock-based compensation / revenue | 3.0% | 2.9% | 3.2% | 3.7% | 6.0% | 49.7% | 4.5% | 3.4% | 2.8% | 3.1% |
| SG&A / revenue | 23.9% | 25.5% | 24.2% | 21.2% | 28.9% | 192.2% | 21.7% | 30.0% | 27.6% | 27.3% |
| Efficiency | ||||||||||
| Days sales outstanding | 44.4 | 38.6 | 47.0 | 74.9 | 104.8 | 507.5 | 43.7 | 28.7 | 30.4 | — |
| Days of inventory on hand | 6.7 | 2.6 | 2.1 | 1.9 | 2.3 | 197.6 | 54.7 | 14.3 | 10.6 | — |
| Days payables outstanding | 8.1 | 13.2 | 14.1 | 36.3 | 39.9 | 47.5 | 19.8 | 14.2 | 16.3 | — |
| Cash conversion cycle (days) | 43.0 | 28.0 | 35.1 | 40.5 | 67.2 | 657.6 | 78.6 | 28.8 | 24.7 | — |
| Receivables turnover | 8.22 | 9.45 | 7.76 | 4.87 | 3.48 | 0.72 | 8.35 | 12.70 | 12.00 | — |
| Payables turnover | 44.82 | 27.68 | 25.91 | 10.04 | 9.14 | 7.69 | 18.46 | 25.67 | 22.46 | — |
| Inventory turnover | 54.47 | 140.55 | 170.21 | 188.33 | 158.39 | 1.85 | 6.68 | 25.57 | 34.56 | — |
| Asset turnover | 0.37 | 0.59 | 0.65 | 0.58 | 0.41 | 0.03 | 0.17 | 0.32 | 0.30 | — |
| Average receivables | $129.0M | $99.7M | $123.6M | $174.8M | $187.6M | $113.7M | $70.0M | $82.6M | $82.4M | — |
| Average payables | $13.0M | $19.3M | $21.1M | $49.8M | $43.2M | $9.9M | $20.6M | $26.1M | $28.3M | — |
| Average inventory | $10.7M | $3.8M | $3.2M | $2.7M | $2.5M | $41.1M | $57.0M | $26.2M | $18.4M | — |
| Intangibles / total assets | 9.0% | 8.0% | 8.6% | 9.5% | 8.8% | 8.3% | 7.8% | 13.4% | 14.1% | — |
Computed from MSGE's annual financial statements (latest annual report filed August 12, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
MSGE valuation and financial ratios
At the end of fiscal 2026 (June 30, 2026), MSG Entertainment traded at 58.7 times earnings, against a 10-year median of 37.0. Based on the latest twelve months, the trailing P/E is 56.3 and the forward P/E is 26.9. MSG Entertainment earned a return on equity of 6.0% and a return on invested capital of 4.7% in fiscal 2026. It ended the year with $913.3 million of debt and $552.0 million in cash and short-term investments, net debt of $361.3 million. The share count rose 102.0% from 23.8M to 48.0M over 9 years.
See the MSGE income statement, the MSGE chart for price history, or the MSGE stock overview for the latest quote and news.
MSGE key metrics FAQ
What is MSG Entertainment's P/E ratio?
MSG Entertainment's trailing P/E ratio is 56.3 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 26.9. At the end of fiscal 2026 it was 58.7, compared with a 10-year median of 37.0.
What is MSG Entertainment's return on equity?
MSG Entertainment's return on equity (ROE) was 6.0% in fiscal 2026: net income of $66.2 million on average shareholders' equity of $1.1 billion.
What is MSG Entertainment's ROIC?
MSG Entertainment's return on invested capital was 4.7% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does MSG Entertainment have?
MSG Entertainment had total debt of $913.3 million at the end of fiscal 2026, a debt-to-equity ratio of 0.41.
What is MSG Entertainment's free cash flow yield?
MSG Entertainment generated $83.2 million of free cash flow in fiscal 2026, a free cash flow yield of 2.1% on its market value at year-end ($3.9 billion).
What is MSG Entertainment's current ratio?
MSG Entertainment's current ratio was 1.22 at the end of fiscal 2026: current assets were 1.22 times current liabilities.