MSGE (Madison Square Garden Entertainment) EV-to-EBITDA: 25.01 (As of Jul. 23, 2026) — 49% Above Median

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MSGE Madison Square Garden Entertainment Corp MSGE
68 GF Score
Price $76.37
GF Value $43.28
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is Madison Square Garden Entertainment EV-to-EBITDA?

Madison Square Garden Entertainment MSGE -2.32% 68 EV-to-EBITDA is 25.01 as of Jul. 23, 2026, which is 49% above its 10-year median of 16.83. GuruFocus rates MSGE with a GF Score™ of 68/100 and a GF Value™ of $43.28 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 746 Media - Diversified companies, Madison Square Garden Entertainment ranks worse than 84.72% on this metric.

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Madison Square Garden Entertainment's enterprise value is $4,477 Mil. Madison Square Garden Entertainment's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was $179 Mil. Therefore, Madison Square Garden Entertainment's EV-to-EBITDA for today is 25.01.

The historical rank and industry rank for Madison Square Garden Entertainment's EV-to-EBITDA or its related term are showing as below:

MSGE' s EV-to-EBITDA Range Over the Past 10 Years
Min: 12.67   Med: 16.83   Max: 26.42
Current: 25.01

During the past 6 years, the highest EV-to-EBITDA of Madison Square Garden Entertainment was 26.42. The lowest was 12.67. And the median was 16.83.

MSGE's EV-to-EBITDA is ranked worse than
84.72% of 746 companies
in the Media - Diversified industry
Industry Median: 7.3 vs MSGE: 25.01

EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.

As of today (2026-07-23), Madison Square Garden Entertainment's stock price is $76.37. Madison Square Garden Entertainment's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was $1.020. Therefore, Madison Square Garden Entertainment's PE Ratio (TTM) for today is 74.87.

The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).


Madison Square Garden Entertainment  (NYSE:MSGE) EV-to-EBITDA Explanation

EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

Madison Square Garden Entertainment's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=76.37/1.020
=74.87

Madison Square Garden Entertainment's share price for today is $76.37.
Madison Square Garden Entertainment's Earnings per Share (Diluted) 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 $1.020.

* 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.

Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).

Please read Which price ratio outperforms the enterprise multiple?


Madison Square Garden Entertainment EV-to-EBITDA Related Terms


Madison Square Garden Entertainment EV-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Madison Square Garden Entertainment's EV-to-EBITDA can be seen below:

* 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 EV-to-EBITDA Chart

Madison Square Garden Entertainment Annual Data
Trend Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
EV-to-EBITDA
Get a 7-Day Free Trial 0.00 0.00 13.38 16.34 17.57

Madison Square Garden Entertainment Quarterly Data
Jun21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EV-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.93 17.57 20.30 18.97 20.39

MSGE vs CNK, MANU, BATRA: EV-to-EBITDA Comparison

For the Entertainment subindustry, Madison Square Garden Entertainment's EV-to-EBITDA, along with its competitors' market caps and EV-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 EV-to-EBITDA vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Madison Square Garden Entertainment's EV-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Madison Square Garden Entertainment's EV-to-EBITDA falls into.


MSGE
68GF Score
Madison Square Garden Entertainment Corp MSGE
EV-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Madison Square Garden Entertainment EV-to-EBITDA Calculation

Madison Square Garden Entertainment's EV-to-EBITDA for today is calculated as:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA (TTM)
=4476.795/179.025
=25.01

Madison Square Garden Entertainment's current Enterprise Value is $4,477 Mil.
Madison Square Garden Entertainment's EBITDA 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 $179 Mil.

* 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.

Frequently Asked Questions Learn more about EV-to-EBITDA →
What does a EV-to-EBITDA of 25.01 mean?
Madison Square Garden Entertainment (MSGE) has a EV-to-EBITDA of 25.01 as of Jul. 23, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Madison Square Garden Entertainment. This is 49% above median its historical median of 16.83. Over the past decade, Madison Square Garden Entertainment's EV-to-EBITDA has ranged from 12.67 to 26.42. According to the industry distribution chart, Madison Square Garden Entertainment ranks #632 out of 746 companies in the Media - Diversified industry, placing it in the top 84.7%.
Is Madison Square Garden Entertainment's EV-to-EBITDA too high?
Madison Square Garden Entertainment's current EV-to-EBITDA of 25.01 is 49% above median its 10-year median of 16.83. Over the past 10 years, this metric has ranged from a low of 12.67 to a high of 26.42. The Media - Diversified industry median EV-to-EBITDA is 7.30. Madison Square Garden Entertainment's value of 25.01 is 242.6% above this industry median. Based on the distribution chart, Madison Square Garden Entertainment ranks #632 out of 746 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 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Madison Square Garden Entertainment's EV-to-EBITDA compare to CNK and MANU?
According to the Media - Diversified industry distribution chart, Madison Square Garden Entertainment ranks #632 out of 746 companies for EV-to-EBITDA. This places Madison Square Garden Entertainment in the lower half of its industry. The industry median EV-to-EBITDA is 7.30. Madison Square Garden Entertainment's value of 25.01 is 242.6% above this benchmark. Historically, Madison Square Garden Entertainment's own EV-to-EBITDA has ranged from 12.67 to 26.42 over the past decade. While the company's 10-year median is 16.83 vs. the industry median of 7.30, 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 EV-to-EBITDA for a Media - Diversified company?
The median EV-to-EBITDA among Media - Diversified companies is 7.30, based on 746 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-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 EV-to-EBITDA of 25.01 is 242.6% 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 EV-to-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Madison Square Garden Entertainment. For the Media - Diversified industry, the median EV-to-EBITDA is 7.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Madison Square Garden Entertainment's current EV-to-EBITDA is 25.01, which is 49% above median its own 10-year median of 16.83. 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 $43.28, compared to a current price of $76.37 — trading 76.5% above its estimated fair value. The current EV-to-EBITDA is 25.01, which is 49% above median its 10-year median of 16.83 and 242.6% above the Media - Diversified industry median of 7.30. Madison Square Garden Entertainment's overall GF Score™ is 68/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Madison Square Garden Entertainment (MSGE), the current EV-to-EBITDA is 25.01 as of Jul. 23, 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 $76.37 is trading 76.5% above its estimated GF Value™ of $43.28. GuruFocus considers Madison Square Garden Entertainment to be Significantly Overvalued.

Key valuation signals for MSGE:

  • EV-to-EBITDA: 25.01 (49% above median its 10-year median of 16.83)
  • GF Value™: $43.28 vs. price of $76.37 (76.5% above fair value)
  • GF Score™: 68/100 with 8 warning signs
  • Industry Position: 242.6% above the Media - Diversified median (#632 of 746)

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

Address Two Penn Plaza, New York, NY, USA, 10121
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.
68GF Score

Get the complete analysis for MSGE

EV-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$76.37
Price
$43.28
GF Value