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MSG Entertainment Valuation Multiples
Discover revenue and EBITDA valuation multiples for MSG Entertainment and similar public comparables like Songcheng Performance, Sphere Entertainment, Grupo CIE, GL Events and more.
MSG Entertainment Overview
About MSG Entertainment
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.
Founded
2022
HQ
Employees
6.6K
Website
Sectors
Financials (LTM)
EV
$4B
MSG Entertainment Financials
MSG Entertainment reported last 12-month revenue of $1B and EBITDA of $208M.
In the same LTM period, MSG Entertainment generated $208M in EBITDA and $57M in net income.
Revenue (LTM)
MSG Entertainment P&L
In the most recent fiscal year, MSG Entertainment reported revenue of $943M and EBITDA of $197M.
MSG Entertainment expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $1B | XXX | $943M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $407M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 43% | XXX | XXX | XXX |
| EBITDA | $208M | XXX | $197M | XXX | XXX | XXX |
| EBITDA Margin | 21% | XXX | 21% | XXX | XXX | XXX |
| EBIT Margin | 16% | XXX | 24% | XXX | XXX | XXX |
| Net Profit | $57M | XXX | $37M | XXX | XXX | XXX |
| Net Margin | 6% | XXX | 4% | XXX | XXX | XXX |
| Net Debt | — | — | $556M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
MSG Entertainment Stock Performance
MSG Entertainment has current market cap of $3B, and enterprise value of $4B.
Market Cap Evolution
MSG Entertainment's stock price is $62.13.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $4B | $3B | 0.0% | XXX | XXX | XXX | $0.79 |
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Start Free TrialMSG Entertainment Valuation Multiples
MSG Entertainment trades at 4.0x EV/Revenue multiple, and 19.2x EV/EBITDA.
EV / Revenue (LTM)
MSG Entertainment Financial Valuation Multiples
As of March 28, 2026, MSG Entertainment has market cap of $3B and EV of $4B.
Equity research analysts estimate MSG Entertainment's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
MSG Entertainment has a P/E ratio of 51.9x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $3B | XXX | $3B | XXX | XXX | XXX |
| EV (current) | $4B | XXX | $4B | XXX | XXX | XXX |
| EV/Revenue | 4.0x | XXX | 4.2x | XXX | XXX | XXX |
| EV/EBITDA | 19.2x | XXX | 20.2x | XXX | XXX | XXX |
| EV/EBIT | 24.8x | XXX | 17.9x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 9.8x | XXX | XXX | XXX |
| P/E | 51.9x | XXX | 78.5x | XXX | XXX | XXX |
| EV/FCF | 28.0x | XXX | 34.2x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified MSG Entertainment Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
MSG Entertainment Margins & Growth Rates
MSG Entertainment's revenue in the last 12 month grew by 7%.
MSG Entertainment's revenue per employee in the last FY averaged $0.2M.
MSG Entertainment's rule of 40 is 28% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
MSG Entertainment's rule of X is 38% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
MSG Entertainment Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 7% | XXX | 8% | XXX | XXX | XXX |
| EBITDA Margin | 21% | XXX | 21% | XXX | XXX | XXX |
| EBITDA Growth | 19% | XXX | 7% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 28% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 38% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 29% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
MSG Entertainment Public Comps
See public comps and valuation multiples for other Events comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Songcheng Performance | XXX | XXX | XXX | XXX | XXX | XXX |
| Sphere Entertainment | XXX | XXX | XXX | XXX | XXX | XXX |
| Grupo CIE | XXX | XXX | XXX | XXX | XXX | XXX |
| GL Events | XXX | XXX | XXX | XXX | XXX | XXX |
| PVR INOX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
MSG Entertainment M&A Activity
MSG Entertainment acquired XXX companies to date.
Last acquisition by MSG Entertainment was on XXXXXXXX, XXXXX. MSG Entertainment acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by MSG Entertainment
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialMSG Entertainment Investment Activity
MSG Entertainment invested in XXX companies to date.
MSG Entertainment made its latest investment on XXXXXXXX, XXXXX. MSG Entertainment invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by MSG Entertainment
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout MSG Entertainment
| When was MSG Entertainment founded? | MSG Entertainment was founded in 2022. |
| Where is MSG Entertainment headquartered? | MSG Entertainment is headquartered in United States. |
| How many employees does MSG Entertainment have? | As of today, MSG Entertainment has over 6K employees. |
| Who is the CEO of MSG Entertainment? | MSG Entertainment's CEO is James L. Dolan. |
| Is MSG Entertainment publicly listed? | Yes, MSG Entertainment is a public company listed on NYSE. |
| What is the stock symbol of MSG Entertainment? | MSG Entertainment trades under MSGE ticker. |
| When did MSG Entertainment go public? | MSG Entertainment went public in 2023. |
| Who are competitors of MSG Entertainment? | MSG Entertainment main competitors are Songcheng Performance, Sphere Entertainment, Grupo CIE, GL Events. |
| What is the current market cap of MSG Entertainment? | MSG Entertainment's current market cap is $3B. |
| What is the current revenue of MSG Entertainment? | MSG Entertainment's last 12 months revenue is $1B. |
| What is the current revenue growth of MSG Entertainment? | MSG Entertainment revenue growth (NTM/LTM) is 7%. |
| What is the current EV/Revenue multiple of MSG Entertainment? | Current revenue multiple of MSG Entertainment is 4.0x. |
| Is MSG Entertainment profitable? | Yes, MSG Entertainment is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of MSG Entertainment? | MSG Entertainment's last 12 months EBITDA is $208M. |
| What is MSG Entertainment's EBITDA margin? | MSG Entertainment's last 12 months EBITDA margin is 21%. |
| What is the current EV/EBITDA multiple of MSG Entertainment? | Current EBITDA multiple of MSG Entertainment is 19.2x. |
| What is the current FCF of MSG Entertainment? | MSG Entertainment's last 12 months FCF is $142M. |
| What is MSG Entertainment's FCF margin? | MSG Entertainment's last 12 months FCF margin is 14%. |
| What is the current EV/FCF multiple of MSG Entertainment? | Current FCF multiple of MSG Entertainment is 28.0x. |
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