MSGE (Madison Square Garden Entertainment) Asset Turnover: 0.13 (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 Asset Turnover?

Madison Square Garden Entertainment MSGE +0.09% 74 Asset Turnover is 0.13 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.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Madison Square Garden Entertainment's Revenue for the three months ended in Mar. 2026 was $246 Mil. Madison Square Garden Entertainment's Total Assets for the quarter that ended in Mar. 2026 was $1,890 Mil. Therefore, Madison Square Garden Entertainment's Asset Turnover for the quarter that ended in Mar. 2026 was 0.13.

Asset Turnover is linked to ROE % through Du Pont Formula. Madison Square Garden Entertainment's annualized ROE % for the quarter that ended in Mar. 2026 was 48.66%. It is also linked to ROA % through Du Pont Formula. Madison Square Garden Entertainment's annualized ROA % for the quarter that ended in Mar. 2026 was 1.08%.


Madison Square Garden Entertainment  (NYSE:MSGE) Asset Turnover Explanation

Asset Turnover is linked to ROE % through Du Pont Formula.

Madison Square Garden Entertainment's annulized ROE % for the quarter that ended in Mar. 2026 is

ROE %**(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=20.44/42.009
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(20.44 / 985.04)*(985.04 / 1890.329)*(1890.329/ 42.009)
=Net Margin %*Asset Turnover*Equity Multiplier
=2.08 %*0.5211*44.9982
=ROA %*Equity Multiplier
=1.08 %*44.9982
=48.66 %

Note: The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue 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.

** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.

It is also linked to ROA % through Du Pont Formula:

Madison Square Garden Entertainment's annulized ROA % for the quarter that ended in Mar. 2026 is

ROA %(Q: Mar. 2026 )
=Net Income/Total Assets
=20.44/1890.329
=(Net Income / Revenue)*(Revenue / Total Assets)
=(20.44 / 985.04)*(985.04 / 1890.329)
=Net Margin %*Asset Turnover
=2.08 %*0.5211
=1.08 %

Note: The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue 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.


Be Aware

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Therefore, it is a good sign if a company's Asset Turnover is consistent or even increases. If a company's asset grows faster than sales, its Asset Turnover will decline, which can be a warning sign.


Madison Square Garden Entertainment Asset Turnover Related Terms


Madison Square Garden Entertainment Asset Turnover Historical Data

* Premium members only.

The historical data trend for Madison Square Garden Entertainment's Asset Turnover 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 Asset Turnover Chart

Madison Square Garden Entertainment Annual Data
Trend Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Asset Turnover
Get a 7-Day Free Trial 0.05 0.41 0.58 0.65 0.59

Madison Square Garden Entertainment Quarterly Data
Jun21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Asset Turnover 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 0.15 0.09 0.09 0.26 0.13

MSGE vs CNK, BATRA, MANU: Asset Turnover Comparison

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

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

* The bar in red indicates where Madison Square Garden Entertainment's Asset Turnover falls into.


MSGE
74GF Score
Madison Square Garden Entertainment Corp MSGE
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Madison Square Garden Entertainment Asset Turnover Calculation

Asset Turnover measures how quickly a company turns over its asset through sales.

Madison Square Garden Entertainment's Asset Turnover for the fiscal year that ended in Jun. 2025 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Jun. 2025 )/( (Total Assets (A: Jun. 2024 )+Total Assets (A: Jun. 2025 ))/ count )
=942.734/( (1552.707+1669.842)/ 2 )
=942.734/1611.2745
=0.59

Madison Square Garden Entertainment's Asset Turnover for the quarter that ended in Mar. 2026 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Mar. 2026 )/( (Total Assets (Q: Dec. 2025 )+Total Assets (Q: Mar. 2026 ))/ count )
=246.26/( (1823.385+1957.273)/ 2 )
=246.26/1890.329
=0.13

* 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.

Companies with low profit margins tend to have high Asset Turnover, while those with high profit margins have low Asset Turnover. Companies in the retail industry tend to have a very high turnover ratio.

Frequently Asked Questions Learn more about Asset Turnover →
What does a Asset Turnover of 0.13 mean?
Madison Square Garden Entertainment (MSGE) has a Asset Turnover of 0.13 as of Mar. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Madison Square Garden Entertainment and its competitors.
Is Madison Square Garden Entertainment's Asset Turnover too high?
Madison Square Garden Entertainment's current Asset Turnover is 0.13. 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 Asset Turnover compare to CNK and BATRA?
Madison Square Garden Entertainment's Asset Turnover of 0.13 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 Asset Turnover for a Media - Diversified company?
A good Asset Turnover depends on the Media - Diversified industry context. However, Asset Turnover 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 Asset Turnover mean?
A high Asset Turnover can signal that a stock is expensive relative to its fundamentals. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Madison Square Garden Entertainment and its competitors. Madison Square Garden Entertainment's current Asset Turnover is 0.13. 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 Asset Turnover is 0.13. 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 Asset Turnover calculated?
Asset Turnover is calculated from a company's financial statements. For Madison Square Garden Entertainment (MSGE), the current Asset Turnover is 0.13 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:

  • Asset Turnover: 0.13
  • 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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Asset Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$76.51
Price
$43.10
GF Value