| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 30 | 57.8x | 17.8x | Bottom tier | |
Growth | 76 | 12.5% | 7.1% | Top tier | |
Quality | 85 | 8.4% | 4.5% | Top tier | |
Safety | 49 | 3.8x | 2.6x | Around median | |
Capital Return | 45 | — | 2.12% | Around median | |
Momentum | 92 | 107.1% | 2.9% | Top tier | |
Sentiment | 34 | 4 | 3 | Bottom tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Madison Square Garden Entertainment Corp. operates a portfolio of live entertainment venues and productions, led by Madison Square Garden, Radio City Music Hall, Beacon Theatre, and Infosys Theater. The company generates revenue from concerts, special events, family shows, and marquee sports, as well as sponsorships, signage, premium suites, food and beverages, and merchandise. It also benefits from its agreements with MSG Sports, receiving 50% of net food and beverage profits at Knicks and Rangers games, retaining 30% of net merchandise revenue from the two teams, and earning commissions on single-night suite rentals.
In fiscal 2026, the company hosted approximately 6.4 million guests across nearly 960 live events, with annual revenue exceeding $1 billion and adjusted operating income reaching $262 million; management said they increased 13% and 18%, respectively. Christmas Spectacular generated approximately $195 million in revenue from 215 paid performances and more than 1.2 million tickets sold, its highest attendance in 25 years, making it, alongside Madison Square Garden, one of the two primary sources of the company’s economics.
There is a discrepancy between the two available sources for fiscal 2026 Q4 results: EDGAR filings report revenue of $271.1 million and a net loss of $10.0 million, while the earnings call presented revenue of $196.3 million, up 27% year over year, and adjusted operating income of $18.6 million compared with an adjusted operating loss of $1.3 million a year earlier. Based on the revenue figure provided on the call, the adjusted operating income margin was approximately 9.5%, and management attributed the improvement to more Madison Square Garden concerts and higher food and beverage, merchandise, sponsorship, and suite revenue, partially offset by fewer theater concerts.
Automated analysis for informational purposes only — not investment advice.
The average analyst price target is $92.33, compared with a wide target range of $80 to $103 and a Neutral consensus, and the average is only approximately 2.1% above the 52-week range high of $90.41. No reported price-to-earnings ratio is available, despite earnings per share of $1.38 in fiscal 2026 and approximately $1.02 for the trailing twelve months, so the valuation assessment depends more heavily on the sustainability of adjusted operating income growth, bookings, and volatility in quarterly net income.
Figures in the text are as of 2026-08-31; the live price is shown at the top of the page.
MSGE generates revenue from concerts, special events, family shows, and marquee sports at Madison Square Garden and its theaters, as well as sponsorships, signage, suites, food and beverages, and merchandise. In fiscal 2026, it hosted approximately 960 events that attracted nearly 6.4 million guests. Through MSG Sports, it also receives 50% of net food and beverage profits and 30% of net merchandise revenue from the Knicks and Rangers, in addition to commissions on single-night suite rentals.
Christmas Spectacular generated approximately $195 million in revenue in fiscal 2026 after selling more than 1.2 million tickets across 215 paid performances. This was the production’s highest attendance in 25 years and another record year, according to management. For the 2026 holiday season, the company is presenting 230 performances and adding a new Rockettes scene and new immersive technologies, with ticket revenue expected to grow through more performances and a higher average yield per ticket.
Management expects revenue and adjusted operating income growth in fiscal 2027, with more events and improved economics per event. Madison Square Garden bookings have reached approximately 90% of the annual target and include a 30-night Harry Styles residency between August and October 2026. The NCAA Men's Basketball East Regionals also return to Madison Square Garden in March during fiscal 2027 Q3, while the company expects growth in concerts, special events, and marquee sports.
MSGE hosted nine Knicks playoff games during the NBA championship run in fiscal 2026. Agreements with MSG Sports added approximately $7.4 million to fiscal 2026 Q4 revenue compared with the prior period, including the impact of higher merchandise and food and beverage sales. The company participates in these economics through 50% of net food and beverage profits, 30% of net merchandise revenue, and commissions on single-night suites.
In June 2026, MSGE signed a nonbinding memorandum of understanding to transfer Infosys Theater to the lead development team for the Penn Station project. As of the August 12, 2026 earnings call, the company was working on definitive documentation while confirming that Madison Square Garden would remain fully operational during the redevelopment. Management has not decided how to use the potential proceeds, but said reinvestment in another venue is the primary means of reducing tax leakage and that redirecting events and sponsorships to other theaters remains under consideration.
The company reported a loss of $0.13 per share in fiscal 2026 Q4, compared with an expected loss of $0.42 and a loss of $0.50 in the comparable period. According to the earnings call, adjusted operating income was $18.6 million compared with an adjusted operating loss of $1.3 million a year earlier, with revenue reported on the call increasing 27% to $196.3 million. By contrast, EDGAR data reports revenue of $271.1 million and a net loss of $10.0 million for the same quarter, so the net result should be distinguished from the adjusted operating income measure.
