Sector Alpha Week of 2026-09-17
Not SEBI Registered !! Not Investment advice !!
Sector Alpha — machine-written from the numbers · Data as of 2026-09-17

Madison Square Garden Entertainment Corp.

MSGE
Communication Services · Entertainment

Madison Square Garden Entertainment Corp.'s three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it.

The sharpest disagreement: the price moved +75.7% in a year while annual EPS moved −74.1% — the difference is re-rating, and re-rating has to be repaid with earnings.

The price is in a confirmed uptrend (47 weeks in). Underneath, the last four quarters read mixed — profit +0.0% year on year, and 142% of the last 3 years' profit arrived as cash. What settles it: whether earnings grow into a price that has already moved.

Stage
Deteriorating
partial read
Price
$79.3
+75.7% 1Y
P/E
57.5×
of its own 3-year range
Revenue (Mar 26)
$0.3 B
+4.2% YoY
Profit (Mar 26)
$0.0 B
+0.0% YoY
Operating margin
8.0%
−4.5 pp YoY
ROE
408%
FY25
ROIC
11.3%
vs WACC 6.1% → +5.2 pp
Cash conversion
142%
of profit, last 3 FY
01 · Price story

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Madison Square Garden Entertainment Corp. trades at $79.3, in a confirmed uptrend and 47 weeks into that stage. That is +19.6% against its own 200-day average. It sits at 86% of a 52-week range of $42 to $85. On relative strength it has been ahead of the S&P 500 on a trailing-13-week view for 21 straight weeks.

Today the stock is in a confirmed uptrend — week 47 of stage 2. At $79.3 it trades +19.6% versus its 200-day average and sits at 86% of its 52-week range ($42–$85).

Sep 26: $79.3 Weekly closing price ($) with 50- and 200-day averages; shaded bands mark the price stage (grey base, green advance, amber top, red decline). 3-year window.
+19.6% versus the 200-day line, week 47 of stage 2
Price50-day avg200-day avg
S2S1S1S3S2$89.9$73.6$57.3$41.0$24.7$$79$66Sep 23Jun 24Mar 25Dec 25Sep 26
S2S1S1S3S2$89.9$73.6$57.3$41.0$24.7$$79$66Sep 23Mar 25Sep 26
Beating or trailing, week by week since 2023 Each cell is one week from 2023 to now (179 weeks): the stock's trailing 13-week return minus the S&P 500's, green ahead / red behind (±25% ramp). Grey cells are the 13-week warm-up or weeks where the S&P 500 reading is not held.
trailing 13-week return vs the S&P 500
Apr 23Sep 26

Against the market, two honest reads. Cumulative: over the last 3.4 years the stock moved +156% while the S&P 500 moved +83% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 21 straight weeks — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

02 · Valuation

Valuation P/E is the price of $1 of annual profit: how many dollars the market pays for each dollar the company earns in a year.

Madison Square Garden Entertainment Corp. trades at 57.5× P/E, against too little history to rank. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 57.5× is against too little history to rank. This is a comparison against the stock's own history — not a claim about what it is worth.

P/E 57.5× vs a null× long-run median P/E, weekly (left axis); earnings per share, trailing twelve months, weekly step line (right axis). 3.4-year window; loss-period spikes above 78× shown pinned at the top. The eps (ttm) bars are red where the reading is lower than the quarter before.
against too little history to rank
P/EEPS (TTM) (quarterly)
83.7×$4.063.7×$3.043.6×$2.023.6×$1.03.6×$0.0×$77.75×$1Apr 23Feb 24Jan 25Nov 25Sep 26
83.7×$4.063.7×$3.043.6×$2.023.6×$1.03.6×$0.0×$77.75×$1Apr 23Jan 25Sep 26
PEG 0.54 PEG ratio per quarter — the P/E divided by the earnings-growth rate. The dashed line marks 1.0: below it the growth is cheap against the multiple, above it the price already prices the growth in. Last 11 quarters.
below 1.0, the growth looks cheap against the multiple
PEGPEG = 1.0
4.0×3.0×2.1×1.2×0.3××0.54×Sep 23Mar 24Dec 24Jun 25Mar 26
4.0×3.0×2.1×1.2×0.3××0.54×Sep 23Dec 24Mar 26
P/E
57.5×
too little history to rank
PEG
1.06
as reported

🚨 Why the multiple sits where it does: over the past year annual EPS moved −74.1% against a +75.7% price move — the price outran earnings, pushing the multiple UP its own range.

The price move, decomposed: over 3y, of the +34.3%/yr price move, ~−11.7%/yr came from earnings growth and ~+46.0 pp from the multiple (expanding). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.

Put together: the multiple is unremarkable against its own past, so the story rests on the earnings line underneath it, not the multiple.

03 · Stage: Deteriorating

Stage: Deteriorating Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Madison Square Garden Entertainment Corp. reads as deteriorating on its fundamental arc. Deteriorating — profit and EPS growth are shrinking (profit growth −64.3% latest against +700.0% at its 12-quarter best). The read is built from 10 quarters across 3 curves, on partial evidence.

Growth, year by year: revenue −2.1% in FY25, profit −71.4% Year-over-year growth per fiscal year, %: revenue (left axis); net profit and EPS (right axis — profit growth swings far wider). Zero line drawn.
Revenue YoYProfit YoYEPS YoY
770%116%562%65%355%14%148%−37%−59%−88%%%−2.1%−71.4%FY21FY23FY25
770%116%562%65%355%14%148%−37%−59%−88%%%−2.1%−71.4%FY21FY23FY25
Three growth curves, twelve quarters Year-on-year growth of trailing-twelve-month revenue (left axis), profit and EPS (right axis — they swing far wider), % at each quarter-end. Base-effect spikes shown pinned (▲). A missing point means that reading is not held for the quarter.
the trajectory the stage is read from · revenue stabilising, profit rolling over
RevenueProfitEPS
14%330%9.8%220%5.4%110%1.1%0.0%−3.3%−111%%%4.1%−64.3%−62.8%Jun 23Sep 24Mar 26
14%330%9.8%220%5.4%110%1.1%0.0%−3.3%−111%%%4.1%−64.3%−62.8%Jun 23Sep 24Mar 26
Revenue growth
Steady high
latest +4.1% · span −2.1% to +12.9%
Profit growth
Flat
latest −64.3% · span −77.8% to +700.0%
EPS growth
Flat
latest −62.8% · span −80.9% to +2,100.0%

🚨 Why it matters: falling curves mean every cheap-looking ratio below needs a discount for direction.

A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.

Compound annual growth rate (%) Compound annual growth rate over each window, %. Revenue, profit and EPS from fiscal-year figures; stock price is the price CAGR over the same spans. A dash = that window is not held, or the base was a loss.
1yr3yr5yr10yr
Revenue−2.1%+13.1%
Profit−71.4%
EPS−74.1%
Stock price+75.7%+34.3%
Revenue YoY (Mar 26)
+4.2%
latest quarter vs a year ago
Profit YoY (Mar 26)
+0.0%
latest quarter vs a year ago
Revenue 10y
85.1%
long-run compound pace
04 · 4-Factor Sector Score

4-Factor Sector Score

37.1/100 — rank 18 of 28 in Entertainment · 81% evidence confidence

Madison Square Garden Entertainment Corp. scores 37.1 out of 100 against the 28 companies it is compared with in Entertainment, ranking 18. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

The four contributions add to the total exactly: 7.3 + 10 + 7 + 12.8 = 37.1. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

05 · Revenue

Revenue Revenue is the top line: everything the company billed its customers in the period.

Madison Square Garden Entertainment Corp. reported $0.3 B of revenue in the Mar 26 quarter, +4.2% year on year. That is the 3rd straight quarter of year-on-year growth. Over 4 years it has compounded at 85.1% a year. The last full year, FY25, came in at $0.9 B. The last four reported quarters add to $1.0 B.

FY25 revenue came in at $0.9 B (−2.1% on the year), capping 4 years at 85.1% compound. The latest quarter (Mar 26) printed $0.3 B, +4.2% year on year — the 3rd consecutive quarter of year-over-year growth.

FY25 revenue $0.9 B (−2.1% YoY) Revenue bars, $ B (left); YoY growth-% line (right). 5-year window. A bar is red when it is lower than the year before.
85.1% a year over 4 years
RevenueYoY growth
1.0770%0.8562%0.5355%0.3148%0.0−59%$ B%$1B−2.1%FY21FY23FY25
1.0770%0.8562%0.5355%0.3148%0.0−59%$ B%$1B−2.1%FY21FY23FY25
Mar 26: $0.3 B (+4.2% YoY) Quarterly revenue bars, $ B (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
3rd straight quarter of growth
Revenue (quarterly)YoY growth
0.531%0.417%0.22.8%0.1−11%0.0−25%$ B%$0B4.2%Jun 23Sep 24Mar 26
0.531%0.417%0.22.8%0.1−11%0.0−25%$ B%$0B4.2%Jun 23Sep 24Mar 26

Pace check: the last four quarters averaged +2.4% growth against the decade's 85.1% — the current year is running slower than its own long-run rate.

Acceleration check: trailing-twelve-month revenue grew +4.1% over the last 4 quarters against +5.3%/yr over the last 8 — stabilising; TTM profit −64.3% vs −8.7%/yr — rolling over.

06 · Operating margin

Operating margin Operating margin is what is left of every $100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

Madison Square Garden Entertainment Corp.'s operating margin is 8.0% in the Mar 26 quarter, −4.5 percentage points against the same quarter a year ago. Across 5 fiscal years the operating margin has ranged −300.0% to 12.9%. The current quarter sits inside that band.

The latest quarter's operating margin is 8.0%, −4.5 pp against the same quarter a year ago. Across 5 fiscal years the operating margin has ranged −300.0%–12.9%.

🚨 Why the margin moved: operating margin went −4.5 pp year on year while gross margin went −1.7 pp — the loss came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.

FY25: 12.8% Operating margin by fiscal year, %, line (left); year-on-year change in the margin, in percentage points, line (right). 5-year window.
within a −300.0–12.9% band over 5 years
operating marginYoY change (pp)
38%322%−53%236%−144%149%−234%62%−325%−25%%%12.8%1.3%FY21FY23FY25
38%322%−53%236%−144%149%−234%62%−325%−25%%%12.8%1.3%FY21FY23FY25
Mar 26: 8.0% operating margin (−4.5 pp YoY) Quarterly operating margin, %, line (left); year-on-year change in the margin, in percentage points, line (right). Last 12 quarters. Operating profit as a share of revenue, per quarter.
Operating marginYoY change (pp)
40%9.8%23%3.2%6.8%−3.3%−9.6%−9.9%−26%−17%%%8%−4.5%Jun 23Sep 24Mar 26
40%9.8%23%3.2%6.8%−3.3%−9.6%−9.9%−26%−17%%%8%−4.5%Jun 23Sep 24Mar 26
07 · Net profit

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Madison Square Garden Entertainment Corp. earned $0.0 B of net profit in the Mar 26 quarter, +0.0% year on year. Full-year FY25 profit was $0.0 B. That is 4.0% of the quarter's revenue. The same quarter a year earlier earned $0.0 B. 5 of the last 12 reported quarters were loss-making.

Mar 26 profit was $0.0 B, +0.0% year on year. On the full year, FY25 printed $0.0 B (−71.4%).

FY25 profit $0.0 B (−71.4% YoY) Net profit bars, $ B (left); YoY growth-% line (right). 5-year window. A bar is red when it is lower than the year before.
Net profitYoY growth
0.287%0.144%0.01.8%−0.1−41%−0.2−83%$ B%$0B−71.4%FY21FY23FY25
0.287%0.144%0.01.8%−0.1−41%−0.2−83%$ B%$0B−71.4%FY21FY23FY25
Mar 26: $0.0 B (+0.0% YoY) Quarterly net profit bars, $ B (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
Net profit (quarterly)YoY growth
0.1444%0.09−6.3%0.04−56%−0.01−107%−0.06−157%$ B%$0B0%Jun 23Sep 24Mar 26
0.1444%0.09−6.3%0.04−56%−0.01−107%−0.06−157%$ B%$0B0%Jun 23Sep 24Mar 26

🚨 Why profit moved: revenue contributed +4.2% and the margin −4.5 pp — the quarter was revenue-led despite a thinner margin.

Pace comparison, last four quarters: profit −43.5% vs revenue +2.4%. Profit is growing slower than sales — costs are eating the growth before it reaches the bottom line.

08 · Cash flow — the router

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 3 fiscal years 142% of Madison Square Garden Entertainment Corp.'s reported profit arrived as operating cash — the cash follows the profit. In FY25 that was $0.1 B of operating cash against $0.0 B of profit. After $0.0 B of capital spending, $0.1 B was left as free cash.

FY25: operating cash of $0.1 B against reported profit of $0.0 B, leaving free cash of $0.1 B after $0.0 B of capital spending. Across the last 3 fiscal years the conversion rate is 142% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

FY25: CFO $0.1 B vs profit $0.0 B Operating cash flow and net profit by fiscal year, $ B; the line is free cash flow (CFO minus capital spending). 5-year window, annual resolution.
142% of 3-year profit arrived as cash
Operating cashNet profitFree cash
0.20.10.0−0.1−0.2$ B$0B$0B$0BFY21FY23FY25
0.20.10.0−0.1−0.2$ B$0B$0B$0BFY21FY23FY25
Mar 26: operating cash $0.2 B = 1,800% of the quarter's profit Operating cash per quarter, $ B (bars); conversion = operating cash as % of net profit (line, right). Last 12 quarters. Dashed line = 100%.
Operating cash (quarterly)Conversion100%
0.201,944%0.141,422%0.08900%0.01378%−0.05−144%$ B%$0B1,800%Jun 23Sep 24Mar 26
0.201,944%0.141,422%0.08900%0.01378%−0.05−144%$ B%$0B1,800%Jun 23Sep 24Mar 26

Why: conversion is measured cleanly, but the working-capital day-counts behind it sit below what we hold — the move is shown without inventing its driver.

Router verdict: the visible cash user is investment — the next section checks what the spending is buying.

09 · Where the cash goes

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Madison Square Garden Entertainment Corp. does not report the debtor, inventory and payable day-counts a cash cycle is built from, so this section reads the investment side instead. Capital spending ran $0.0 B over the last 3 years. Averaged over those years that is 0.0% of FY25 revenue a year.

Working-capital day-counts are not in our numbers for this stock, so this section reads the investment side — where the cash is being put to work.

On the investment side: capital spending of $0.0 B over the last 3 fiscal years.

FY25: capex $0.0 B Capital spending per fiscal year, $ B (bars).
steady investment
Capex
0.0220.0160.0110.0050.000$ B$0BFY21FY23FY25
0.0220.0160.0110.0050.000$ B$0BFY21FY23FY25
Mar 26: capex $0.0 B in the quarter Capital spending per quarter, $ B (bars, left); free cash flow, $ B (line, right). Last 12 quarters.
Capex (quarterly)Free cash
0.0110.190.0080.130.0050.070.0030.010.000−0.05$ B$ B$0B$0BJun 23Sep 24Mar 26
0.0110.190.0080.130.0050.070.0030.010.000−0.05$ B$ B$0B$0BJun 23Sep 24Mar 26

The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.

10 · Returns on capital

Returns on capital ROE is the profit the business earns on the money invested in it — the single best test of whether growth creates value or just size.

An annual ROE ladder is not held for Madison Square Garden Entertainment Corp..

We do not hold an annual ROE series for Madison Square Garden Entertainment Corp.. Its filings carry the return lines we would need as blanks rather than numbers, so this page does not estimate one. The revenue, margin, cash-flow and ownership sections are the reads we stand behind.

11 · Dividend

Dividend

Madison Square Garden Entertainment Corp. pays no dividend. Across the last 12 reported quarters it has declared no dividend per share, so there is no payout history to chart and no yield to quote. Companies at this stage typically reinvest earnings rather than distribute them, which makes the cash-flow and reinvestment sections the place that cash shows up.

Madison Square Garden Entertainment Corp. does not currently pay a dividend. Across the last 12 reported quarters the company has declared no dividend per share, so there is no payout history to chart and no yield to quote. Companies at this stage typically reinvest earnings instead of distributing them.

12 · Debt

Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.

Debt-to-equity is 25.67 at the latest reading — carrying real leverage; a full borrowings history is not in our numbers.

We hold only the latest reading here: a debt-to-equity of 25.67 — a level of leverage that amplifies both the returns above and the risk. A year-by-year borrowings ladder is not in our numbers for this stock, so we say that rather than draw a chart we cannot support.

13 · Ownership

Ownership There is no quarter-by-quarter holder register to read here, so we read the crowd through short interest — the slice of tradable shares currently sold short, positioned for a fall.

3.1% of Madison Square Garden Entertainment Corp.'s tradable float is currently sold short — some money is positioned against it. At typical trading volumes those positions would take about 3.2 days to buy back. There is no quarter-by-quarter holder register to read for this filer, so the crowd is read through short interest instead.

The latest reading: 3.1% of the float is sold short, and at typical trading volumes it would take about 3.2 days to buy those positions back. Some money is positioned against it. This is a single point-in-time reading — we do not yet hold its history, so we show no trend chart.

Short interest
3.1%
of the tradable float
Days to cover
3.2
at typical volumes

Why it sits there: who is doing the shorting, and why, does not travel with the number — the level is shown without inventing its story.

14 · Safety line

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Madison Square Garden Entertainment Corp.: the Z-score reads 1.66. A Z-score above roughly 3 reads as safe and below roughly 1.8 as the distress zone, so this sits inside the distress zone. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure.

🚨 Why it matters: a Z-score of 1.66 is inside the distress zone — the balance sheet is a real risk, not a detail.

The safety line in one sentence: the Z-score reads 1.66.

15 · Related companies · Entertainment
CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1Netflix, Inc.NFLX 69.2/100Favorable setup85% evidence BASING 26.6/35 Revenue 16% · PAT 33.2% · OPM change -0.7 pp 95% evidence 21.9/25 ROCE 31% · OPM 33.4% 76% evidence 15.1/20 P/E 22× · PEG 0.61 65% evidence 5.6/20 RS sector -28.6% · RS bench -21.8% · 1Y -37.7%0 of 12 weeks ahead 100% evidence
Exact sum: 26.6 + 21.9 + 15.1 + 5.6 = 69.2 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -28.6% and the one-year return is -37.7%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
2Roku, Inc.ROKU 64.7/100Mixed-positive evidence67% evidence LEADER 26.4/35 Revenue 18.5% · PAT — · OPM change 14.3 pp 71% evidence 12.6/25 ROCE 8.9% · OPM 12.2% 76% evidence 9.6/20 P/E 57.4× · PEG — 15% evidence 16.1/20 RS sector 15.6% · RS bench 25.2% · 1Y 52.4%11 of 12 weeks ahead 100% evidence
Exact sum: 26.4 + 12.6 + 9.6 + 16.1 = 64.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3Fox CorporationFOXA 58.7/100Mixed-positive evidence85% evidence TURNING 18.3/35 Revenue 5.1% · PAT -25.5% · OPM change 0.7 pp 95% evidence 19.1/25 ROCE 17.5% · OPM 25.2% 76% evidence 12.7/20 P/E 12.3× · PEG 1.5 65% evidence 8.6/20 RS sector -10.6% · RS bench -2.4% · 1Y 9.1%2 of 12 weeks ahead 100% evidence
Exact sum: 18.3 + 19.1 + 12.7 + 8.6 = 58.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4The Walt Disney CompanyDIS 56.3/100Mixed-positive evidence85% evidence BREAKING OUT 17.4/35 Revenue 4.6% · PAT -26.4% · OPM change 3.6 pp 95% evidence 16.4/25 ROCE 9.1% · OPM 19.3% 76% evidence 15.7/20 P/E 19.9× · PEG 0.52 65% evidence 6.8/20 RS sector -13.1% · RS bench -5.1% · 1Y -6%0 of 12 weeks ahead 100% evidence
Exact sum: 17.4 + 16.4 + 15.7 + 6.8 = 56.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5The Marcus CorporationMCS 55.2/100Thin evidence · provisional58% evidence LEADER 18.6/35 Revenue — · PAT — · OPM change 1.2 pp 45% evidence 8.5/25 ROCE 3.2% · OPM -12.5% 76% evidence 10.2/20 P/E 33× · PEG — 15% evidence 17.9/20 RS sector 26% · RS bench 36.1% · 1Y 76.1%11 of 12 weeks ahead 100% evidence
Exact sum: 18.6 + 8.5 + 10.2 + 17.9 = 55.2 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
6IMAX CorporationIMAX 54.3/100Thin evidence · provisional58% evidence BREAKING OUT 15.8/35 Revenue — · PAT — · OPM change -7.1 pp 45% evidence 11.4/25 ROCE 3.1% · OPM 12.2% 76% evidence 9.7/20 P/E 55.4× · PEG — 15% evidence 17.4/20 RS sector 15.1% · RS bench 24.9% · 1Y 62.9%10 of 12 weeks ahead 100% evidence
Exact sum: 15.8 + 11.4 + 9.7 + 17.4 = 54.3 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
7Cinemark Holdings, Inc.CNK 54.2/100Thin evidence · provisional58% evidence FADING 20.7/35 Revenue — · PAT — · OPM change 7.3 pp 45% evidence 11.0/25 ROCE 6.4% · OPM 3.7% 76% evidence 10.9/20 P/E 18.8× · PEG — 15% evidence 11.6/20 RS sector 2.4% · RS bench 11% · 1Y 23.3%7 of 12 weeks ahead 100% evidence
Exact sum: 20.7 + 11 + 10.9 + 11.6 = 54.2 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
8Sirius XM Holdings Inc.SIRI 53.3/100Thin evidence · provisional58% evidence TURNING 18.3/35 Revenue — · PAT — · OPM change 3 pp 45% evidence 12.9/25 ROCE 1.9% · OPM 21.7% 76% evidence 11.2/20 P/E 11.8× · PEG — 15% evidence 10.9/20 RS sector 0.4% · RS bench 9% · 1Y 23.5%7 of 12 weeks ahead 100% evidence
Exact sum: 18.3 + 12.9 + 11.2 + 10.9 = 53.3 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
9Warner Music Group Corp.WMG 51.7/100Mixed-positive evidence81% evidence BASING 24.1/35 Revenue 12.6% · PAT 8.4% · OPM change 3.9 pp 83% evidence 14.8/25 ROCE 4.5% · OPM 15.2% 76% evidence 7.4/20 P/E 30× · PEG 2.79 65% evidence 5.4/20 RS sector -17.4% · RS bench -9.8% · 1Y -15.6%0 of 12 weeks ahead 100% evidence
Exact sum: 24.1 + 14.8 + 7.4 + 5.4 = 51.7 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -17.4% and the one-year return is -15.6%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
10Sphere Entertainment Co.SPHR 48.6/100Thin evidence · provisional58% evidence FADING 22.3/35 Revenue — · PAT — · OPM change 29.9 pp 45% evidence 5.2/25 ROCE -3.1% · OPM 1.9% 76% evidence 9.3/20 P/E 66× · PEG — 15% evidence 11.8/20 RS sector 9.2% · RS bench 18.1% · 1Y 141.9%4 of 12 weeks ahead 100% evidence
Exact sum: 22.3 + 5.2 + 9.3 + 11.8 = 48.6 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
11AMC Global Media Inc.AMCX 48.2/100Thin evidence · provisional52% evidence LEADER 12.9/35 Revenue — · PAT — · OPM change -5.8 pp 45% evidence 7.9/25 ROCE 0.5% · OPM 5.8% 76% evidence 11.4/20 P/E 11.3× · PEG — 15% evidence 16.0/20 RS sector 15.9% · RS bench 25.7% · 1Y 44.5%12 of 12 weeks ahead 70% evidence
Exact sum: 12.9 + 7.9 + 11.4 + 16 = 48.2 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
12Atlanta Braves Holdings, Inc.BATRA 45.1/100Mixed-negative evidence61% evidence TURNING 20.0/35 Revenue 12.5% · PAT — · OPM change 36.9 pp 62% evidence 4.1/25 ROCE -3.3% · OPM -57.3% 76% evidence 10.0/20 P/E — · PEG — 0% evidence 11.0/20 RS sector -1.6% · RS bench 6.9% · 1Y 22.7%0 of 12 weeks ahead 100% evidence
Exact sum: 20 + 4.1 + 10 + 11 = 45.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
13News CorporationNWS 42.8/100Mixed-negative evidence75% evidence BREAKING OUT 16.7/35 Revenue 4.3% · PAT -4.8% · OPM change 1.2 pp 83% evidence 10.8/25 ROCE 1.6% · OPM 9.3% 76% evidence 6.0/20 P/E 36.1× · PEG 3.87 65% evidence 9.3/20 RS sector -4.4% · RS bench 4.1% · 1Y -1.4%5 of 12 weeks ahead 70% evidence
Exact sum: 16.7 + 10.8 + 6 + 9.3 = 42.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
14Manchester United plcMANU 42.0/100Thin evidence · provisional55% evidence FADING 17.8/35 Revenue 5.9% · PAT — · OPM change 2.3 pp 62% evidence 6.3/25 ROCE 0.6% · OPM 2.7% 76% evidence 10.0/20 P/E — · PEG — 0% evidence 7.9/20 RS sector -7% · RS bench 1% · 1Y 31.4%8 of 12 weeks ahead 70% evidence
Exact sum: 17.8 + 6.3 + 10 + 7.9 = 42 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
15Paramount Skydance CorporationPSKY 40.6/100Mixed-negative evidence64% evidence TURNING 14.9/35 Revenue 1.1% · PAT — · OPM change 0.8 pp 62% evidence 9.3/25 ROCE 1.8% · OPM 8.4% 76% evidence 10.3/20 P/E 31.5× · PEG — 15% evidence 6.1/20 RS sector -20.7% · RS bench -13.2% · 1Y -41.2%1 of 12 weeks ahead 100% evidence
Exact sum: 14.9 + 9.3 + 10.3 + 6.1 = 40.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
16TKO Group Holdings, Inc.TKO 40.2/100Mixed-negative evidence85% evidence ASLEEP 19.9/35 Revenue 5.1% · PAT 76.5% · OPM change -0.3 pp 95% evidence 12.9/25 ROCE 3.1% · OPM 27.8% 76% evidence 4.6/20 P/E 70.6× · PEG 3.98 65% evidence 2.8/20 RS sector -15.9% · RS bench -8.3% · 1Y -4.3%0 of 12 weeks ahead 100% evidence
Exact sum: 19.9 + 12.9 + 4.6 + 2.8 = 40.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
17Live Nation Entertainment, Inc.LYV 39.7/100Mixed-negative evidence85% evidence ASLEEP 12.4/35 Revenue 10.8% · PAT -68.2% · OPM change -0.1 pp 95% evidence 12.0/25 ROCE 5.1% · OPM 6.8% 76% evidence 8.1/20 P/E 118.4× · PEG 2.08 65% evidence 7.2/20 RS sector -7.2% · RS bench 0.9% · 1Y 4.5%8 of 12 weeks ahead 100% evidence
Exact sum: 12.4 + 12 + 8.1 + 7.2 = 39.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
18Madison Square Garden Entertainment Corp.this pageMSGE 37.1/100Mixed-negative evidence81% evidence LEADER 7.3/35 Revenue 4.5% · PAT -62.9% · OPM change -4.8 pp 83% evidence 10.0/25 ROCE 3.8% · OPM 6.5% 76% evidence 7.0/20 P/E 57.8× · PEG 2.7 65% evidence 12.8/20 RS sector 10% · RS bench 19.2% · 1Y 75.7%10 of 12 weeks ahead 100% evidence
Exact sum: 7.3 + 10 + 7 + 12.8 = 37.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
19Madison Square Garden Sports Corp.MSGS 35.0/100Mixed-negative evidence64% evidence TURNING 9.0/35 Revenue 1.5% · PAT -675% · OPM change -7.1 pp 62% evidence 5.7/25 ROCE 0.2% · OPM 0.5% 76% evidence 8.5/20 P/E 927.2× · PEG — 15% evidence 11.8/20 RS sector 8.9% · RS bench 18% · 1Y 84.4%8 of 12 weeks ahead 100% evidence
Exact sum: 9 + 5.7 + 8.5 + 11.8 = 35 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
20Lionsgate Studios Corp.LION 34.6/100Adverse evidence61% evidence ASLEEP 8.3/35 Revenue 1.8% · PAT — · OPM change -12.4 pp 62% evidence 10.7/25 ROCE 4.2% · OPM 13% 76% evidence 10.0/20 P/E — · PEG — 0% evidence 5.6/20 RS sector -5% · RS bench 2.8% · 1Y 64.9%4 of 12 weeks ahead 100% evidence
Exact sum: 8.3 + 10.7 + 10 + 5.6 = 34.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
21Reservoir Media, Inc.RSVR 34.0/100Adverse evidence81% evidence ASLEEP 15.4/35 Revenue 10.8% · PAT -12.5% · OPM change -0.4 pp 83% evidence 10.6/25 ROCE 1.4% · OPM 24.8% 76% evidence 4.0/20 P/E 75.3× · PEG 8.29 65% evidence 4.0/20 RS sector -8.5% · RS bench -0.6% · 1Y 19.6%0 of 12 weeks ahead 100% evidence
Exact sum: 15.4 + 10.6 + 4 + 4 = 34 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
22Warner Bros. Discovery, Inc.WBD 31.2/100Adverse evidence75% evidence BREAKING OUT 11.5/35 Revenue -6% · PAT -589.7% · OPM change 4.6 pp 95% evidence 5.8/25 ROCE 0.3% · OPM 2.7% 76% evidence 8.8/20 P/E 99.4× · PEG — 15% evidence 5.1/20 RS sector -8.1% · RS bench 0.1% · 1Y 45.2%1 of 12 weeks ahead 100% evidence
Exact sum: 11.5 + 5.8 + 8.8 + 5.1 = 31.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
23AMC Entertainment Holdings, Inc.AMC 55.2/100Thin evidence · provisional49% evidence ASLEEP 20.8/35 Revenue — · PAT — · OPM change 12.5 pp 45% evidence 8.1/25 ROCE 3.8% · OPM -4.4% 76% evidence 10.0/20 P/E — · PEG — 0% evidence 16.3/20 RS sector 16.8% · RS bench 26.7% · 1Y -11.6%9 of 12 weeks ahead 70% evidence
Exact sum: 20.8 + 8.1 + 10 + 16.3 = 55.2 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
24Angel Studios, Inc.ANGX 49.7/100Thin evidence · provisional47% evidence BREAKING OUT 22.0/35 Revenue — · PAT — · OPM change 68.5 pp 39% evidence 3.8/25 ROCE -14.5% · OPM -2.3% 76% evidence 10.0/20 P/E — · PEG — 0% evidence 13.9/20 RS sector 6% · RS bench 15.9% · 1Y -11.7%11 of 12 weeks ahead 70% evidence
Exact sum: 22 + 3.8 + 10 + 13.9 = 49.7 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
25Liberty Live Holdings, Inc.LLYVK 48.5/100Thin evidence · provisional36% evidence ASLEEP 17.6/35 Revenue — · PAT — · OPM change -4.7 pp 15% evidence 13.3/25 ROCE 18.7% · OPM -27.2% 57% evidence 11.5/20 P/E -70.3× · PEG — 15% evidence 6.1/20 RS sector -9.2% · RS bench -1.2% · 1Y 1.8%0 of 12 weeks ahead 70% evidence
Exact sum: 17.6 + 13.3 + 11.5 + 6.1 = 48.5 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
26Starz Entertainment Corp.STRZ 48.4/100Thin evidence · provisional47% evidence FADING 17.9/35 Revenue — · PAT — · OPM change -5.2 pp 39% evidence 3.5/25 ROCE -254.9% · OPM -49.8% 76% evidence 10.0/20 P/E — · PEG — 0% evidence 17.0/20 RS sector 32.8% · RS bench 42.6% · 1Y 82.4%9 of 12 weeks ahead 70% evidence
Exact sum: 17.9 + 3.5 + 10 + 17 = 48.4 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
27Versant Media Group, Inc.VSNT 43.6/100Thin evidence · provisional48% evidence ASLEEP 8.3/35 Revenue -4% · PAT -34.7% · OPM change -3 pp 83% evidence 15.3/25 ROCE 3.9% · OPM 26.2% 76% evidence 10.0/20 P/E — · PEG — 0% evidence 10.0/20 RS sector — · RS bench — · 1Y —0 of 12 weeks ahead 0% evidence
Exact sum: 8.3 + 15.3 + 10 + 10 = 43.6 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
28Formula One GroupFWONK 41.5/100Thin evidence · provisional47% evidence FADING 17.0/35 Revenue — · PAT — · OPM change 3.5 pp 32% evidence 9.8/25 ROCE 0.5% · OPM 15.9% 76% evidence 9.9/20 P/E 44.4× · PEG — 15% evidence 4.8/20 RS sector -12.6% · RS bench -4.8% · 1Y -8%6 of 12 weeks ahead 70% evidence
Exact sum: 17 + 9.8 + 9.9 + 4.8 = 41.5 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led S&P 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

16 · Frequently asked questions

Frequently asked questions

What is Madison Square Garden Entertainment Corp.'s stock price today?

Madison Square Garden Entertainment Corp. trades at $79.3, +75.7% over the past year. The company is valued at $4.0 B. The stock sits at 86% of its 52-week range of $42–$85, +19.6% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 47 weeks in. — as of 17 September 2026.

What were Madison Square Garden Entertainment Corp.'s latest quarterly results?

Madison Square Garden Entertainment Corp. reported revenue of $0.3 B and net profit of $0.0 B for the Mar 26 quarter. Revenue rose 4.2% and profit rose 0.0% year on year. Earnings per share were $0.11. The operating margin was 8.0%, 4.5 pp lower than a year earlier. — as of 17 September 2026.

What is Madison Square Garden Entertainment Corp.'s revenue?

Madison Square Garden Entertainment Corp. reported revenue of $0.3 B in the Mar 26 quarter, +4.2% year on year. For the full FY25 fiscal year, revenue was $0.9 B (−2.1%). Over the last 4 years revenue compounded at 85.1% a year. — as of 17 September 2026.

What is Madison Square Garden Entertainment Corp.'s profit?

Madison Square Garden Entertainment Corp. earned $0.0 B of net profit in the Mar 26 quarter, +0.0% year on year. Full-year FY25 profit was $0.0 B. The operating margin ran 8.0% in the latest quarter. — as of 17 September 2026.

What is Madison Square Garden Entertainment Corp.'s market cap?

Madison Square Garden Entertainment Corp.'s market capitalisation is $4.0 B at a stock price of $79.3. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 17 September 2026.

Does Madison Square Garden Entertainment Corp. pay a dividend?

No — Madison Square Garden Entertainment Corp. has declared no dividend per share in any of its last 12 reported quarters, so there is no payout history and no yield to quote. That is a reading of the filed statements, not an estimate. — as of 17 September 2026.

Is Madison Square Garden Entertainment Corp. growing?

The picture is mixed for Madison Square Garden Entertainment Corp.: latest-quarter revenue +4.2% year on year, profit +0.0%, and the margin −4.5 pp at 8.0%. The earnings engine currently reads: mixed — as of 17 September 2026.

How is Madison Square Garden Entertainment Corp. performing?

Madison Square Garden Entertainment Corp. is in a confirmed uptrend, 47 weeks in. Its latest quarter's revenue rose 4.2% and profit rose 0.0% year on year. Against the S&P 500 it has been ahead on a trailing-13-week view for 21 weeks. This describes what the data did, not a rating. — as of 17 September 2026.

What stage is Madison Square Garden Entertainment Corp. in?

Deteriorating — profit and EPS growth are shrinking (profit growth −64.3% latest against +700.0% at its 12-quarter best). The read comes from the last 12 quarters of growth (revenue growth +4.1% latest, profit growth −64.3% latest, eps growth −62.8% latest) plus the ROE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 17 September 2026.

Is Madison Square Garden Entertainment Corp. in an uptrend?

Yes — the price is in a confirmed uptrend (week 47 of stage 2), trading +19.6% versus its 200-day average and at 86% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 17 September 2026.

Is Madison Square Garden Entertainment Corp. beating the market?

On recent form, yes — Madison Square Garden Entertainment Corp. has been ahead of the S&P 500 on a trailing-13-week view for 21 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 3.4 years the stock moved +156% against the S&P 500's +83% — ahead of the index over the full window. — as of 17 September 2026.

Will Madison Square Garden Entertainment Corp.'s stock price go up?

This page publishes no price forecast for Madison Square Garden Entertainment Corp. What it measures instead: the stock price is $79.3, the price is in a confirmed uptrend 47 weeks in. Direction is not something this site claims to know. — as of 17 September 2026.

Is the market betting against Madison Square Garden Entertainment Corp.?

Somewhat — short interest is 3.1% of Madison Square Garden Entertainment Corp.'s tradable float, about 3.2 days to cover at typical volumes. A moderate reading: some money is positioned against it. With no quarter-by-quarter holder register here, short interest is the cleanest crowd read we hold — as of 17 September 2026.

Does Madison Square Garden Entertainment Corp. have too much debt?

It carries real leverage — Madison Square Garden Entertainment Corp.'s debt-to-equity is 25.67. A year-by-year borrowings ladder is not in our numbers for this stock, so the latest reading is the cleanest hold. Read the returns on this page with that leverage in mind — as of 17 September 2026.

What is Madison Square Garden Entertainment Corp.'s capex?

Madison Square Garden Entertainment Corp. spent $0.0 B on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY25 alone that was $0.0 B. — as of 17 September 2026.

What is Madison Square Garden Entertainment Corp.'s cash flow?

Madison Square Garden Entertainment Corp. generated $0.1 B of operating cash flow in FY25 and $0.1 B of free cash flow after $0.0 B of capital spending. Reported profit that year was $0.0 B, so operating cash ran ahead of profit. — as of 17 September 2026.

Is Madison Square Garden Entertainment Corp.'s profit real cash?

Yes — over the last 3 fiscal years, 142% of Madison Square Garden Entertainment Corp.'s reported profit arrived as operating cash. In FY25, operating cash was $0.1 B against reported profit of $0.0 B. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 17 September 2026.

How financially safe is Madison Square Garden Entertainment Corp.?

On the balance sheet, the Z-score reads 1.66 — above roughly 3 is safe, below roughly 1.8 is the distress zone. That is inside the danger band — a real balance-sheet risk. — as of 17 September 2026.

Where is Madison Square Garden Entertainment Corp. in its business cycle?

Madison Square Garden Entertainment Corp.'s FY25 operating margin was 12.8%, against a 5-year band of −300.0%–12.9%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 8.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 17 September 2026.

What could break the Madison Square Garden Entertainment Corp. story?

The sharpest disagreement: the price moved +75.7% in a year while annual EPS moved −74.1% — the difference is re-rating, and re-rating has to be repaid with earnings. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 17 September 2026.

Is Madison Square Garden Entertainment Corp. a stock worth studying right now?

This is not investment advice. The machine read: Madison Square Garden Entertainment Corp.'s three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it. The sharpest open question: whether earnings grow into a price that has already moved. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 17 September 2026.

Sector Alpha — machine-written from the numbers · Data as of 2026-09-17. Every chart on this page is drawn by deterministic code from the raw series — no forecasts, no price opinions, and nothing here is investment advice.

Not SEBI Registered !! Not Investment advice !!

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