Madison Square Garden Entertainment Corp. (MSGE) intrinsic value & 10-year financials
Madison Square Garden Entertainment Corp. (MSGE) has a Graham intrinsic value of $25.58 per share. At $77.76 on Oct 17, 2026, the stock trades 204% above that value. Over the last 6 fiscal years revenue grew 96.8% a year to $862.8M, with an average return on invested capital of -0.8%.
- Graham intrinsic value
- $25.58
- Share price (Oct 17, 2026)
- $77.76
- Price vs Graham value
- 204% above
- Market cap
- $3.8B
- Revenue (FY2025)
- $862.8M
- Revenue growth (6-yr CAGR)
- 96.8%
- ROIC (10-yr avg)
- -0.8%
- Free cash flow (FY2025)
- —
MSGE 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $862.8M | $37.4M | $0.77 | — | 14.2% | 6.7% |
| FY2024 | $886.0M | $144.3M | $2.97 | — | 12.6% | 13.1% |
| FY2023 | $779.8M | $76.6M | $1.47 | — | 13.5% | 13.0% |
| FY2022 | $582.1M | -$133.3M | -$2.58 | — | -1.0% | -0.7% |
| FY2021 | $57.5M | -$218.6M | -$4.22 | — | -412.8% | -36.0% |
| FY2020 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Madison Square Garden Entertainment Corp. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Madison Square Garden Entertainment Corp. has historically struggled to out-earn its cost of capital, averaging just -0.8% ROIC.
Madison Square Garden Entertainment Corp. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Madison Square Garden Entertainment Corp. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $25.58 per share.