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Madison Square Garden EntertainmentMSGE +3.78%63 Earnings Yield (Joel Greenblatt) % is 3.34% as of Mar. 2026, which is 17% below its 10-year median of 4.00. GuruFocus rates MSGE with a GF Score™ of 63/100 and a GF Value™ of $43.35 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,008 Media - Diversified companies, Madison Square Garden Entertainment ranks worse than 50.3% on this metric.
The historical rank and industry rank for Madison Square Garden Entertainment's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
MSGE'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.57 Med: 4 Max: 5.41
Current: 2.65
During the past 6 years, the highest Earnings Yield (Joel Greenblatt) of Madison Square Garden Entertainment was 5.41%. The lowest was 2.57%. And the median was 4.00%.
MSGE's Earnings Yield (Joel Greenblatt) % is ranked worse than 50.3% of 1008
companies
in the Media - Diversified industry
Industry Median: 2.85
vs MSGE: 2.65
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Madison Square Garden Entertainment's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2026 was 0.00%. The Forward Rate of Return uses the normalized Free Cash Flow of the past five years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
Madison Square Garden Entertainment (NYSE:MSGE) Earnings Yield (Joel Greenblatt) % Explanation
Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.
Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.
Be Aware
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
* 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 Earnings Yield (Joel Greenblatt) % Chart
For the Entertainment subindustry, Madison Square Garden Entertainment's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % 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 Earnings Yield (Joel Greenblatt) % vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Madison Square Garden Entertainment's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Madison Square Garden Entertainment's Earnings Yield (Joel Greenblatt) % falls into.
Madison Square Garden Entertainment Earnings Yield (Joel Greenblatt) % Calculation
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Madison Square Garden Entertainment's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $122 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 3.34% mean?
Madison Square Garden Entertainment (MSGE) has a Earnings Yield (Joel Greenblatt) % of 3.34% as of Mar. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Madison Square Garden Entertainment and its competitors. This is 17% below median its historical median of 4.00. Over the past decade, Madison Square Garden Entertainment's Earnings Yield (Joel Greenblatt) % has ranged from 2.57 to 5.41. According to the industry distribution chart, Madison Square Garden Entertainment ranks #507 out of 1008 companies in the Media - Diversified industry, placing it in the top 50.3%.
Is Madison Square Garden Entertainment's Earnings Yield (Joel Greenblatt) % too high?
Madison Square Garden Entertainment's current Earnings Yield (Joel Greenblatt) % of 3.34% is 17% below median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 2.57 to a high of 5.41. The Media - Diversified industry median Earnings Yield (Joel Greenblatt) % is 2.85. Madison Square Garden Entertainment's value of 3.34% is 17.2% above this industry median. Based on the distribution chart, Madison Square Garden Entertainment ranks #507 out of 1008 companies in the Media - Diversified industry, which is below the industry midpoint. Overall, Madison Square Garden Entertainment has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Madison Square Garden Entertainment's Earnings Yield (Joel Greenblatt) % compare to CNK and LION?
According to the Media - Diversified industry distribution chart, Madison Square Garden Entertainment ranks #507 out of 1008 companies for Earnings Yield (Joel Greenblatt) %. This places Madison Square Garden Entertainment in the lower half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 2.85. Madison Square Garden Entertainment's value of 3.34% is 17.2% above this benchmark. Historically, Madison Square Garden Entertainment's own Earnings Yield (Joel Greenblatt) % has ranged from 2.57 to 5.41 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 2.85, 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 Earnings Yield (Joel Greenblatt) % for a Media - Diversified company?
The median Earnings Yield (Joel Greenblatt) % among Media - Diversified companies is 2.85, based on 1,008 companies in the industry. Companies in the top quartile (top 25%) have a Earnings Yield (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, Earnings Yield (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Madison Square Garden Entertainment's current Earnings Yield (Joel Greenblatt) % of 3.34% is 17.2% 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 Earnings Yield (Joel Greenblatt) % mean?
A high Earnings Yield (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Madison Square Garden Entertainment and its competitors. For the Media - Diversified industry, the median Earnings Yield (Joel Greenblatt) % is 2.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Madison Square Garden Entertainment's current Earnings Yield (Joel Greenblatt) % is 3.34%, which is 17% below median its own 10-year median of 4.00. 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 $43.35, compared to a current price of $78.86 — trading 81.9% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 3.34%, which is 17% below median its 10-year median of 4.00 and 17.2% above the Media - Diversified industry median of 2.85. Madison Square Garden Entertainment's overall GF Score™ is 63/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Earnings Yield (Joel Greenblatt) % calculated?
Earnings Yield (Joel Greenblatt) % is calculated from a company's financial statements. For Madison Square Garden Entertainment (MSGE), the current Earnings Yield (Joel Greenblatt) % is 3.34% 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 $78.86 is trading 81.9% above its estimated GF Value™ of $43.35.
GuruFocus considers Madison Square Garden Entertainment to be Significantly Overvalued.
Key valuation signals for MSGE:
Earnings Yield (Joel Greenblatt) %: 3.34% (17% below median its 10-year median of 4.00)
GF Value™: $43.35 vs. price of $78.86 (81.9% above fair value)
Industry Position: 17.2% above the Media - Diversified median (#507 of 1008)
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.
63GF Score
Get the complete analysis for MSGE
Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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