Madison Square Garden Entertainment Corp. Class A Common Stock (MSGE)

FairStock Score: 38/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach Madison Square Garden Entertainment as a collection of famous live-event venues: Madison Square Garden, Radio City Music Hall, the Beacon Theatre, and The Chicago Theatre. Those assets can have pricing power and customer loyalty, but the business is capital-intensive and event calendars are cyclical. In fiscal 2026, the year ended 2026-06-30, the company reported revenue of $1.1B, net income of $66.2M, and diluted EPS of $1.38. That beat fiscal 2025, when revenue was $942.7M, net income was $37.4M, and EPS was $0.77, but it was well below fiscal 2024, when net income was $144.3M and EPS was $2.97. FairStock’s Lynch category calls it a slow grower that has been shrinking, with profit down 4.8% a year over three years. At the 2026-10-13 close of $80.20, FairStock calculates a P/E of 58.12, P/B of 82.68, PEG of 2.62, and EV/EBITDA of 23.36. The Graham Number is $5.49, leaving a negative margin of safety. Piotroski is 0/9 and Altman Z-Score is 1.34, which tells me financial strength and profitability signals are weak. Return on equity is reported at 407.54%, but that is distorted by a thin equity base; the more telling ROCE is 5.81%. The redeeming feature is cash generation: trailing free cash flow is $323.1M, an 8.4% FCF yield. On quality assets, I like a fair price; here the price already assumes a lot. I would want steadier profits, better returns on capital, and debt reduction before calling it a Graham bargain.

In plain English: Madison Square Garden Entertainment runs famous live-event venues, including Madison Square Garden and Radio City Music Hall. The business earned more in fiscal 2026 than in fiscal 2025, but less than in fiscal 2024, and results have been uneven. At $80.20 a share, the price looks expensive compared with the company’s profits, even though it produces solid cash.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q3 2026 10-Q (period ended 2026-03-31) · fiscal Q2 2026 10-Q (period ended 2025-12-31) · fiscal Q1 2026 10-Q (period ended 2025-09-30) · fiscal Q3 2025 10-Q (period ended 2025-03-31) · FY2026 10-K (period ended 2026-06-30) · FY2025 10-K (period ended 2025-06-30) · FY2024 10-K (period ended 2024-06-30)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer