2 models fit Madison Square Garden Entertainment Corp. Class A Common Stock and they agree: 2 of 2 land within 15% of the average. The price is above every model.
Two or more of our models back this value.
Large premium(i)Bronze53
Valued as a mature, profitable company: Discounted cash flow, P/E comparison, Graham number, and Dividend discount.
ACCE opinionMadison Square Garden Entertainment Corp. Class A Common Stock (MSGE)
Fair value (2 models)
$42.30
ACCE price target
$74.00
Rating
Overvalued
Horizon
12 months
Fair value published on 14 Oct 2026, 00:00 CEST; previously $45.57 since 4 Oct 2026, 00:00 CEST.
ACCE price target published on 28 Sept 2026, 00:00 CEST.
Rating published on 18 Oct 2026, 16:04 CEST.
Price used: $77.81 at the close on 23 Oct 2026, 22:00 CEST.
Models: Discounted cash flow, Dividend discount, Graham number, and P/E comparison.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
84.0% above
-45.6% to fair value
ACCE score
63
out of 100
Analysts
40% buy
10 covering
P/E
56.4x
forward 26.8x
1-year return
+70.5%
Dividend yield
0.00%
Madison Square Garden Entertainment Corp. Class A Common Stock in four questions
Plain answers, details below
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Overview
ACCE thesis
Madison Square Garden Entertainment owns live-event venues, including Madison Square Garden and Radio City Music Hall, and the MSG Networks-linked events business around them. The venues are scarce and cannot be duplicated in Manhattan, which supports pricing and booking power. The catalyst is higher event counts and sponsorship income. Revenue grew 27.4% and ROE is 40.8%, although the operating margin is -4.7% and the forward multiple is 26.9x.
⚠ Investor warnings · 4 flagsAI-assisted·How I use AI
high
Earnings collapse vs revenue growth
Revenue up 27.4% YoY but earnings down 35.8%. Operating margin deeply negative at -4.7%, suggesting cost structure or one-time charges are eroding profitability despite top-line strength.
high
Valuation disconnect with fundamentals
P/E 58.6 on negative operating margin and earnings decline.
moderate
Sequential revenue deceleration
QoQ revenue down 20.3% despite 27.4% YoY growth, signalling sharp slowdown in recent quarter. Suggests momentum may not persist.
moderate
Insider selling without offsetting buys
Last 10 disclosed trades: $3.2M in sales, $0 in buys. Insiders reducing exposure while stock trades above model fair value.
AI research notes
AI-assisted·How I use AIWritten Oct 11, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
Revenue surged 27.4% year over year, demonstrating strong demand for live entertainment and events.
Free cash flow yield of 9.0% offers attractive cash return relative to current share price.
Why it could disappoint
Trailing P/E of 58.6x is expensive relative to forward P/E of 27.8x, suggesting current valuation prices in optimistic growth.
Debt to equity of 25.67 leaves little room for error if revenue growth slows or events are disrupted.
Net margin of 6.2% and ROIC of 1.9% show the business struggles to convert revenue into returns despite 27.4% growth.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.
Next results
Nov 5, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle
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Valuation
INVESTOR
Where MSGE's valuation models land
Price
$77.81
Model fair value
$42.30
Model range
$38.22 to $46.37
Fair value $42.30
Price $77.81
The price is above the whole model range.
Model
Fair value
Upside
Discounted cash flow
Dividend discount
Graham number
P/E comparison
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Quality
INVESTOR
Quality and conviction INVESTOR FEATURE
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