Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
What is Madison Square Garden Entertainment Debt-to-EBITDA?
Madison Square Garden EntertainmentMSGE +1.66%74 Debt-to-EBITDA is 9.44 as of Mar. 2026, which is 99% above its 10-year median of 4.75. GuruFocus rates MSGE with a GF Score™ of 74/100 and a GF Value™ of $43.25 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 677 Media - Diversified companies, Madison Square Garden Entertainment ranks worse than 82.27% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
MSGE'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -70.22 Med: 4.75 Max: 6.91
Current: 6.63
During the past 6 years, the highest Debt-to-EBITDA Ratio of Madison Square Garden Entertainment was 6.91. The lowest was -70.22. And the median was 4.75.
MSGE's Debt-to-EBITDA is ranked worse than 82.27% of 677
companies
in the Media - Diversified industry
Industry Median: 1.66
vs MSGE: 6.63
Madison Square Garden Entertainment (NYSE:MSGE) Debt-to-EBITDA Explanation
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
Madison Square Garden Entertainment Debt-to-EBITDA Related Terms
Madison Square Garden Entertainment Debt-to-EBITDA Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Madison Square Garden Entertainment Debt-to-EBITDA Chart
MSGE vs CNK, MANU, BATRA: Debt-to-EBITDA Comparison
For the Entertainment subindustry, Madison Square Garden Entertainment's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Madison Square Garden Entertainment Debt-to-EBITDA vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Madison Square Garden Entertainment's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Madison Square Garden Entertainment's Debt-to-EBITDA falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Mar. 2026) EBITDA data.
Madison Square Garden Entertainment (MSGE) has a Debt-to-EBITDA of 9.44 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Madison Square Garden Entertainment. This is 99% above median its historical median of 4.75. According to the industry distribution chart, Madison Square Garden Entertainment ranks #557 out of 677 companies in the Media - Diversified industry, placing it in the top 82.3%.
Is Madison Square Garden Entertainment's Debt-to-EBITDA too high?
Madison Square Garden Entertainment's current Debt-to-EBITDA of 9.44 is 99% above median its 10-year median of 4.75. The Media - Diversified industry median Debt-to-EBITDA is 1.66. Madison Square Garden Entertainment's value of 9.44 is 468.7% above this industry median. Based on the distribution chart, Madison Square Garden Entertainment ranks #557 out of 677 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers. Overall, Madison Square Garden Entertainment has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Madison Square Garden Entertainment's Debt-to-EBITDA compare to CNK and MANU?
According to the Media - Diversified industry distribution chart, Madison Square Garden Entertainment ranks #557 out of 677 companies for Debt-to-EBITDA. This places Madison Square Garden Entertainment in the lower half of its industry. The industry median Debt-to-EBITDA is 1.66. Madison Square Garden Entertainment's value of 9.44 is 468.7% above this benchmark. While the company's 10-year median is 4.75 vs. the industry median of 1.66, Madison Square Garden Entertainment has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a Media - Diversified company?
The median Debt-to-EBITDA among Media - Diversified companies is 1.66, based on 677 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Madison Square Garden Entertainment's current Debt-to-EBITDA of 9.44 is 468.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Madison Square Garden Entertainment. For the Media - Diversified industry, the median Debt-to-EBITDA is 1.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Madison Square Garden Entertainment's current Debt-to-EBITDA is 9.44, which is 99% above median its own 10-year median of 4.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Madison Square Garden Entertainment stock overvalued right now?
Based on GuruFocus' analysis, Madison Square Garden Entertainment (MSGE) is currently considered Significantly Overvalued. The stock's GF Value™ is $43.25, compared to a current price of $75.25 — trading 74% above its estimated fair value. The current Debt-to-EBITDA is 9.44, which is 99% above median its 10-year median of 4.75 and 468.7% above the Media - Diversified industry median of 1.66. Madison Square Garden Entertainment's overall GF Score™ is 74/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Madison Square Garden Entertainment (MSGE), the current Debt-to-EBITDA is 9.44 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Madison Square Garden Entertainment (MSGE) Overvalued in 2026?
Based on GuruFocus' analysis, Madison Square Garden Entertainment stock appears to be overvalued.
The current stock price of $75.25 is trading 74% above its estimated GF Value™ of $43.25.
GuruFocus considers Madison Square Garden Entertainment to be Significantly Overvalued.
Key valuation signals for MSGE:
Debt-to-EBITDA: 9.44 (99% above median its 10-year median of 4.75)
GF Value™: $43.25 vs. price of $75.25 (74% above fair value)
Industry Position: 468.7% above the Media - Diversified median (#557 of 677)
No single metric tells the full story. See the MSGE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Madison Square Garden Entertainment Business Description
Madison Square Garden Entertainment Corp provides live entertainment, delivering unforgettable experiences while forging deep connections with diverse and passionate audiences. The company's portfolio includes a collection of world-renowned venues - New York's Madison Square Garden, The Theater at Madison Square Garden, Radio City Music Hall, and Beacon Theatre; and The Chicago Theatre - that showcase a broad array of sporting events, concerts, family shows, and special events for millions of guests annually. In addition, the company features the original production, the Christmas Spectacular Starring the Radio City Rockettes, which has been a holiday tradition for 89 years.
74GF Score
Get the complete analysis for MSGE
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MSGE has been successfully added to your 
