Madison Square Garden Entertainment Corp.

MSGE Communication Services Entertainment

Madison Square Garden Entertainment Corp.’s revenue for fiscal 2026 (year ended June 2026) was $1.1 billion, up 12.5% from fiscal 2025.

Revenue
+27.4%
EPS
+63.2%
Free cash flow
+33.3%
Total debt
−4.75%

Quarter to June 2026, against a year earlier

78.76 0.74 −0.93%
Market cap
$3.7B
P/E
56.3×
Fwd P/E
33.4×
Dividend yield
—
F-score
9/9
Altman Z
2.03
Beneish M
−3.01
Dividend safety
n/a

Madison Square Garden Entertainment Corp. (MSGE) EV/EBITDA

Alert me on EV/EBITDA

As of 4 November 2026, Madison Square Garden Entertainment Corp. (MSGE) trades at a EV/EBITDA of 20.1×. Over the past ten years it has ranged from 9.6× (April 2025) to 22.4× (August 2026); the current reading is higher than 93% of that period. That is above the Entertainment industry median of 9.6× and above the Communication Services sector median of 8.6×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2026 20.6× 52.58%
FY2025 13.5× 3.08%
FY2024 13.1× (4.03%)
FY2023 13.7× 19.21%
FY2022 11.5× 0.00%
FY2021 11.5× 0.00%
FY2020 11.5× —

Quarterly newest first

Period EV/EBITDA Change
Jun 2026 20.6× 24.38%
Mar 2026 16.6× 9.02%
Dec 2025 15.2× (4.25%)
Sep 2025 15.9× 17.51%
13 more quarters

Against its own ten years

Low 9.6× High 22.4×
Ten-year median 14.6×
Current reading's percentile 93

EV/EBITDA against peers

Company EV/EBITDA
VSNT Versant Media Group, Inc. compare 2.4×
LION Lionsgate Studios Corp. compare 4.2×
CNK Cinemark Holdings Inc compare 9.6×
AMC AMC Entertainment Holdings, Inc. compare 9.6×
MANU Manchester United Ltd. compare 13.3×
SPHR Sphere Entertainment Co. compare 17.8×
MSGE Madison Square Garden Entertainment Corp. 20.4×
BATRK Atlanta Braves Holdings, Inc. compare 56.8×
BATRA Atlanta Braves Holdings, Inc. compare 391×
Entertainment industry median 9.6×
Communication Services sector median 8.6×
Market median 11.2×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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