The Screen · Communication Services · Entertainment
Madison Square Garden Entertainment Corp.
MSGE · the NYSE · USD · Market cap $3.8B · 1,200 employees
Madison Square Garden Entertainment Corp., through its subsidiaries, engages in live entertainment business.
FAIL · Does not pass the screen
79.49 USD
At the last full screen 2026-08-26
Screened 2026-08-26 · the tape above runs as of 22:12 UTC · 11 Sep · two dates, stated on purpose · verdict and workings shown in full · never trimmed
The Label · The Season, Not the Day
This name holds its markdown label.
Madison Square Garden Entertainment Corp. holds its Markdown at $79.49. The statistical read favours the buyers, held for 35 days.
As held on the ledger · 2026-08-26
Phase
Markdown · caution
Quantitative state
The statistical read favours the buyers, held for 35 days
Price at the screen
$79.49
Valuation
57.60 trailing · 27.36 forward price to earnings
Values screen
FAIL· score 70.0
Beta
0.57
The Workings
Five Screens, Shown in Full
Does not pass. Debt ratio
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
71.91%
Below 33%
Interest-bearing debt is 71.9% of its assets, above the one-third ceiling the screen allows.
Fail
Interest-bearing cash
0.42%
Below 33%
Cash held in interest-bearing accounts and securities is 0.4% of assets, under the one-third limit.
Pass
Receivables
6.58%
Below 49%
Money owed to the company is 6.6% of assets, under the 49% limit.
Pass
Revenue purity
0.25%
Below 5%
Only 0.2% of revenue comes from non-compliant sources, under the 5% line.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
Fair value range in USD, drawn from the 2026-08-26 screen. The gold marker is the market price at the same screen. The price runs 2.6% above the base estimate.
Third-party analyst targets: 8 covering, consensus Buy. The average target sits +14% from the screen price.
Reading the gap · Our more conservative model reads it as roughly fairly valued here, while the Street is more bullish: a quality-at-a-fair-price name rather than a deep-value one.
Price History & Projections
Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-08-26 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Live Events Feel Magical But Numbers Do Not
Picture a sold-out night at the Garden with roaring crowds and bright lights. The thrill stops at the turnstile once you check the books. Madison Square Garden Entertainment trades at 29.8 times forward earnings while revenue edges up just 2 percent a year and net margins sit at 5 percent. Our fair value sits at 67.78 dollars against the current 75.25 dollar price, leaving no margin of safety and a clear none rating on opportunity.
We pass for straightforward valuation reasons. A 170 percent return on equity looks impressive on paper yet fails to offset the thin profit margins and modest top-line growth. Analysts may cluster around an 80 dollar target, but the gap to our assessed worth is real and the unknown moat adds no comfort. The ethical screen clears, yet that alone does not turn an expensive stock into an attractive one.
High returns on equity can fade quickly in live entertainment when event costs rise or audiences shift. Currency and cyclical demand swings sit outside management control and could pressure results further. Analysis, not advice.
The risks · The things to watch: it carries a real debt load, which raises the stakes if revenue slips.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
MSGE trades on the NYSE. As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-09-05Markup$79.49+5.6%Entry 5
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved up 5.6% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it A, carrying a low risk profile. Technically it is holding around 30% above its long-term trend line with momentum reading bullish. Over the past year the shares are up 95%. Our forward projection puts the odds of a 10% gain over the next month near 29%. The street (8 analysts) rates it buy, with a mean price target of $76.
2026-08-06Markup · changed$75.25+2.4%Entry 4
The framework has shifted from accumulation to markup since the last review. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved up 2.4% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it A, carrying a low risk profile. Technically it is holding around 30% above its long-term trend line with momentum reading bullish. Over the past year the shares are up 95%. Our forward projection puts the odds of a 10% gain over the next month near 29%. The street (8 analysts) rates it buy, with a mean price target of $76.
2026-07-18Accumulation$73.49+0.0%Entry 3
The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it A, carrying a low risk profile. Technically it is holding around 30% above its long-term trend line with momentum reading bullish. Over the past year the shares are up 95%. Our forward projection puts the odds of a 10% gain over the next month near 29%. The street (8 analysts) rates it buy, with a mean price target of $76.
2026-07-03Accumulation$73.49+0.0%Entry 2
The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows excellent risk-adjusted returns.
2026-07-02Accumulation$73.49Entry 1
The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows excellent risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
