Madison Square Garden Entertainment Corp. (MSGE) is a Communication Services stock trading at $79.77 (as of 2026-08-20), with a market capitalization of $3.83B and a trailing P/E of 57.9. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.
Madison Square Garden Entertainment Corp. engages in the entertainment business. It produces, presents, or hosts various live entertainment events, including concerts, family shows, and special events, as well as sporting events, such as professional boxing, college basketball and hockey, professional bull riding, mixed martial arts, and esports and wrestling in its venues, including The Garden, Hulu Theater, Radio City Music Hall, and the Beacon Theatre in New York City; and The Chicago Theatre. The company also operates 70 entertainment dining and nightlife venues spanning 20 markets across five continents under the Tao, Marquee, Lavo, Beauty & Essex, Cathédrale, Hakkasan, and Omnia brand names; and creates and operates New England's premier music festival. In addition, it features the Radio City Rockettes, which serves as the star for its Christmas Spectacular at Radio City Music Hall. The company was founded in 2006 and is based in New York, New York.
Madison Square Garden Entertainment produces, presents, and hosts live entertainment events (concerts, family shows, sports, and more) in venues it operates, and it also earns money from venue-related offerings such as dining and merchandise, plus arena license fees and other leasing revenue.
Profitability is driven by how well the company can monetize live event demand, since its operating metrics focus on event volume and ticket sell-through, and its revenue also includes event-adjacent streams such as food, beverage, merchandise, and arena license fees and other leasing revenue.
| Entmt | $0.2B |
Business quality (Mixed): The company is operationally tied to ticketing and event execution (sell-through and event counts), and the latest quarter shows a moderate operating margin, but results can be sensitive to booking progress and sell-through performance.
Valuation: At 78× earnings, MSGE trades 47% above the Entertainment average (53×). Note: one-time items can distort reported P/E.
| Price | $79.77 |
| Market Cap | $3.83B |
| P/E Ratio | 57.9 |
| EV / EBITDA | 20.8 |
| Price / Book | 83.64 |
| Price / Sales | 3.61 |
| DCF Value (model) | $22.71 |
| DCF Upside vs Price | -71.5% |
| Revenue (TTM) | $1.06B |
| Net Margin | 6.2% |
| Revenue Growth (YoY) | 12.5% |
| EPS Growth (YoY) | 78.2% |
| Altman Z-Score | 2.02 (grey) |
| Stock P/E | 57.9 |
| Sector P/E (Communication Services) | 24.4 |
| Industry P/E (Entertainment) | 39.5 |
| vs Sector | 137.3% |
| vs Industry | 46.5% |
| Top Institutional Holder | ARIEL INVESTMENTS, LLC ($359.68M) |
| Institutional Holders Tracked | 10 |
| Sector | Communication Services |
| Industry | Entertainment |
| CEO | James Lawrence Dolan |
| Employees | 1,200 |
| Country | US |
| IPO Date | 2023-05-02 |
Data as of 2026-08-20.
Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.