MSGE (Madison Square Garden Entertainment) Scaled Net Operating Assets: 0.50 (As of Mar. 2026)


MSGE Madison Square Garden Entertainment Corp MSGE
74 GF Score
Price $76.51
GF Value $43.10
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Madison Square Garden Entertainment Scaled Net Operating Assets?

Madison Square Garden Entertainment MSGE +0.09% 74 Scaled Net Operating Assets is 0.50 as of Mar. 2026. 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.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Madison Square Garden Entertainment's operating assets for the quarter that ended in Mar. 2026 was $1,634 Mil. Madison Square Garden Entertainment's operating liabilities for the quarter that ended in Mar. 2026 was $722 Mil. Madison Square Garden Entertainment's Total Assets for the quarter that ended in Dec. 2025 was $1,823 Mil. Therefore, Madison Square Garden Entertainment's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.50.


Madison Square Garden Entertainment Scaled Net Operating Assets Historical Data

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The historical data trend for Madison Square Garden Entertainment's Scaled Net Operating Assets 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 Scaled Net Operating Assets Chart

Madison Square Garden Entertainment Annual Data
Trend Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Scaled Net Operating Assets
Get a 7-Day Free Trial 0.00 0.53 0.50 0.72 0.74

Madison Square Garden Entertainment Quarterly Data
Jun21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Scaled Net Operating Assets 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 0.71 0.66 0.67 0.64 0.50

MSGE vs CNK, BATRA, MANU: Scaled Net Operating Assets Comparison

For the Entertainment subindustry, Madison Square Garden Entertainment's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Scaled Net Operating Assets vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Madison Square Garden Entertainment's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Madison Square Garden Entertainment's Scaled Net Operating Assets falls into.


MSGE
74GF Score
Madison Square Garden Entertainment Corp MSGE
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Madison Square Garden Entertainment Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Madison Square Garden Entertainment's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jun. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jun. 2025 )
=(Operating Assets (A: Jun. 2025 )-Operating Liabilities (A: Jun. 2025 ))/Total Assets (A: Jun. 2024 )
=(1626.825-482.309)/1552.707
=0.74

where

Operating Assets(A: Jun. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1669.842 - 43.017
=1626.825

Operating Liabilities(A: Jun. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1683.142 - 1135.264 - 65.569
=482.309

Madison Square Garden Entertainment's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(1634.179-722.077)/1823.385
=0.50

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1957.273 - 323.094
=1634.179

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1909.268 - 1112.386 - 74.805
=722.077

* 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.

What does a Scaled Net Operating Assets of 0.50 mean?
Madison Square Garden Entertainment (MSGE) has a Scaled Net Operating Assets of 0.50 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Madison Square Garden Entertainment and its competitors.
Is Madison Square Garden Entertainment's Scaled Net Operating Assets too high?
Madison Square Garden Entertainment's current Scaled Net Operating Assets is 0.50. 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 Scaled Net Operating Assets compare to CNK and BATRA?
Madison Square Garden Entertainment's Scaled Net Operating Assets of 0.50 can be compared against companies in the Media - Diversified industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Media - Diversified company?
A good Scaled Net Operating Assets depends on the Media - Diversified industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Madison Square Garden Entertainment and its competitors. Madison Square Garden Entertainment's current Scaled Net Operating Assets is 0.50. 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 Scaled Net Operating Assets is 0.50. 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 Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Madison Square Garden Entertainment (MSGE), the current Scaled Net Operating Assets is 0.50 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 $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:

  • Scaled Net Operating Assets: 0.50
  • GF Value™: $43.10 vs. price of $76.51 (77.5% above fair value)
  • GF Score™: 74/100 with 7 warning signs

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.
74GF Score

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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$76.51
Price
$43.10
GF Value