Madison Square Garden EntertainmentMSGE +0.09%74 Piotroski F-Score is 7 as of Jun. 24, 2026, which is at its 10-year median of 7.00. GuruFocus rates MSGE with a GF Score™ of 74/100 and a GF Value™ of $43.10 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,015 Media - Diversified companies, Madison Square Garden Entertainment ranks better than 91.82% on this metric.
Good Sign:
Piotroski F-Score is 7, indicates a very healthy situation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Madison Square Garden Entertainment has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
MSGE'
s Piotroski F-Score Range Over the Past 10 Years
Min: 5 Med: 7 Max: 8
Current: 7
During the past 6 years, the highest Piotroski F-Score of Madison Square Garden Entertainment was 8. The lowest was 5. And the median was 7.
Madison Square Garden Entertainment (NYSE:MSGE) Piotroski F-Score Explanation
The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.
He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.
He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.
What he found was something that exceeded his most optimistic expectations.
Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.
Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).
Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.
Madison Square Garden Entertainment Piotroski F-Score Related Terms
Madison Square Garden Entertainment Piotroski F-Score 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 Piotroski F-Score Chart
MSGE vs CNK, BATRA, MANU: Piotroski F-Score Comparison
For the Entertainment subindustry, Madison Square Garden Entertainment's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score 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 Piotroski F-Score vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Madison Square Garden Entertainment's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Madison Square Garden Entertainment's Piotroski F-Score 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.
*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.
Profitability
Question 1. Return on Assets (ROA)
Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.
Score 1 if positive, 0 if negative.
Madison Square Garden Entertainment's current Net Income (TTM) was 49.
==> Positive ==> Score 1.
Question 2. Cash Flow Return on Assets (CFROA)
Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.
Score 1 if positive, 0 if negative.
Madison Square Garden Entertainment's current Cash Flow from Operations (TTM) was 341.
==> Positive ==> Score 1.
Question 3. Change in Return on Assets
Compare this year's return on assets (1) to last year's return on assets.
Madison Square Garden Entertainment's return on assets of this year was 0.02816699. Madison Square Garden Entertainment's return on assets of last year was 0.09018073.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Madison Square Garden Entertainment's gearing of this year was 0.62706806. Madison Square Garden Entertainment's gearing of last year was 0.72154129.
==> This year is lower or equal to last year. ==> Score 1.
Question 6. Change in Working Capital (Liquidity)
Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.
Score 1 if this year's current ratio is higher, 0 if it's lower
Madison Square Garden Entertainment's current ratio of this year was 0.71510601. Madison Square Garden Entertainment's current ratio of last year was 0.57219339.
==> This year's current ratio is higher. ==> Score 1.
Question 7. Change in Shares in Issue
Compare the number of shares in issue this year, to the number in issue last year.
Score 0 if there is larger number of shares in issue this year, 1 otherwise.
Madison Square Garden Entertainment's number of shares in issue this year was 48.132. Madison Square Garden Entertainment's number of shares in issue last year was 48.271.
==> There is smaller number of shares in issue this year, or the same. ==> Score 1.
Efficiency
Question 8. Change in Gross Margin
Compare this year's gross margin (Gross Profit divided by sales) to last year's.
Score 1 if this year's gross margin is higher, 0 if it's lower.
Madison Square Garden Entertainment's gross margin of this year was 0.44648635. Madison Square Garden Entertainment's gross margin of last year was 0.42951973.
==> This year's gross margin is higher. ==> Score 1.
Question 9. Change in asset turnover
Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.
Score 1 if this year's asset turnover ratio is higher, 0 if it's lower
Madison Square Garden Entertainment's asset turnover of this year was 0.58560019. Madison Square Garden Entertainment's asset turnover of last year was 0.66823624.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
=
Que. 1
+
Que. 2
+
Que. 3
+
Que. 4
+
Que. 5
+
Que. 6
+
Que. 7
+
Que. 8
+
Que. 9
=
1
+
1
+
0
+
1
+
1
+
1
+
1
+
1
+
0
=
7
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Madison Square Garden Entertainment has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
Madison Square Garden Entertainment (MSGE) has a Piotroski F-Score of 7 as of Jun. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Madison Square Garden Entertainment and its competitors. This is near median its historical median of 7.00. Over the past decade, Madison Square Garden Entertainment's Piotroski F-Score has ranged from 5.00 to 8.00. According to the industry distribution chart, Madison Square Garden Entertainment ranks #83 out of 1015 companies in the Media - Diversified industry, placing it in the top 8.2%.
Is Madison Square Garden Entertainment's Piotroski F-Score too high?
Madison Square Garden Entertainment's current Piotroski F-Score of 7 is near median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 8.00. The Media - Diversified industry median Piotroski F-Score is 5.00. Madison Square Garden Entertainment's value of 7 is 40% above this industry median. Based on the distribution chart, Madison Square Garden Entertainment ranks #83 out of 1015 companies in the Media - Diversified industry, which is in the top quartile — a strong position 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 Piotroski F-Score compare to CNK and BATRA?
According to the Media - Diversified industry distribution chart, Madison Square Garden Entertainment ranks #83 out of 1015 companies for Piotroski F-Score. This places Madison Square Garden Entertainment in the top 8% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Madison Square Garden Entertainment's value of 7 is 40% above this benchmark. Historically, Madison Square Garden Entertainment's own Piotroski F-Score has ranged from 5.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, 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 Piotroski F-Score for a Media - Diversified company?
The median Piotroski F-Score among Media - Diversified companies is 5.00, based on 1,015 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Madison Square Garden Entertainment's current Piotroski F-Score of 7 is 40% 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 Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Madison Square Garden Entertainment and its competitors. For the Media - Diversified industry, the median Piotroski F-Score is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Madison Square Garden Entertainment's current Piotroski F-Score is 7, which is near median its own 10-year median of 7.00. 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 $43.10, compared to a current price of $76.51 — trading 77.5% above its estimated fair value. The current Piotroski F-Score is 7, which is near median its 10-year median of 7.00 and 40% above the Media - Diversified industry median of 5.00. 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 Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For Madison Square Garden Entertainment (MSGE), the current Piotroski F-Score is 7 as of Jun. 24, 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 $76.51 is trading 77.5% above its estimated GF Value™ of $43.10.
GuruFocus considers Madison Square Garden Entertainment to be Significantly Overvalued.
Key valuation signals for MSGE:
Piotroski F-Score: 7 (near median its 10-year median of 7.00)
GF Value™: $43.10 vs. price of $76.51 (77.5% above fair value)
Industry Position: 40% above the Media - Diversified median (#83 of 1015)
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
Piotroski F-Score 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 
