FWONA vs MSGE Stock Comparison

Liberty Media and Madison Square Garden Entertainment Prices as of Oct 26, 2026 Peers: Industry group
FWONA Liberty Media Corp
$82.27 -4.8% 1M -6.0% 1Y
Market cap
$20.60B
P/E
50.5x
Revenue (TTM)
$4.34B
Div. yield
–
Live Entertainment Communication Services
4 wins

Head to Head

10 decided of 12

Madison Square Garden Entertainment leads on 6 of the 12 questions below (Madison Square Garden Entertainment 6, Liberty Media 4). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionFWONAMSGELeader
Larger companyMarket capitalisation $20.60B $3.74B FWONA
Cheaper on earningsLower P/E, profitable companies only 50.5x 56.5x FWONA
Cheaper on forward earningsLower price / next fiscal year consensus EPS 44.5x 29.6x MSGE
Faster revenue growthRevenue growth, trailing twelve months +12.2% +12.5% MSGE
More profitableNet margin, trailing twelve months 9.4% 6.2% FWONA
Better return on capitalReturn on invested capital 2.9% 14.1% MSGE
Less leveragedLower net debt / EBITDA 3.5x 1.4x MSGE
Higher dividend yieldTrailing dividend yield 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -6.0% +67.7% MSGE
Better 5-year returnAnnualised price return, 5 years +9.9%/yr — –
Less volatileAnnualised volatility, 1 year 24.4% 30.7% FWONA
Higher overall scoreMean of the five percentile scores vs peers 69/100 71/100 MSGE

Percentile Scorecard

FWONAMSGE

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisFWONAMSGE
Valuation 50 #7 of 13 83 #3 of 13
Growth 80 #3 of 11 70 #4 of 11
Profitability 70 #4 of 11 90 #2 of 11
Financial Health 75 #4 of 13 42 #8 of 13
Shareholder Returns – –
Overall 69 71
  • FWONA ranked among 13 companies in Live Venues
  • MSGE ranked among 13 companies in Live Venues

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodFWONAMSGESPY
1 month -4.8%-2.9% -0.8%
3 months -8.8%-0.8% +3.5%
6 months +2.9%+19.4% +7.0%
Year to date -8.0%+42.3% +12.2%
1 year -6.0%+67.7% +13.0%
3 years +45.0%+158.1% +86.3%
3 years, per year +13.2%+37.2% +23.1%
5 years +60.5%— +68.6%
5 years, per year +9.9%— +11.0%
10 years +192.7%— +258.0%
10 years, per year +11.3%— +13.6%

Risk

MeasureFWONAMSGESPY
Volatility, 1Y 24.4%30.7% 12.7%
Downside volatility, 1Y 22.6%25.6% 12.7%
Beta vs S&P 500, 1Y 0.290.73 1.00
Return / volatility, 1Y -0.242.21 1.02
Max drawdown, 5Y -25.7%-33.9% -25.4%
From 52-week high -16.2%-13.5% -1.8%
52-week high $98.18$88.66 $779.14
52-week low $74.51$43.84 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleFWONAMSGE
P/E now vs peer median 50.6xmedian 50.6x 55.0xmedian 50.6x
P/S now vs peer median 4.3xmedian 1.3x 2.9xmedian 1.3x
EV/EBITDA now vs peer median 22.5xmedian 17.8x 16.9xmedian 17.8x
P/FCF now vs peer median 22.4xmedian 17.3x 9.6xmedian 17.3x
P/B now vs peer median 2.4xmedian 2.4x 67.7xmedian 2.4x
PEG now vs peer median -9.87median 0.26 -27.43median 0.26

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsFWONAMSGE
Revenue $4.34B $1.06B
Gross profit $1.22B $478.49M
Operating income $516.00M $141.54M
Net income $407.00M $66.19M
Free cash flow $823.00M $323.09M
EPS (diluted) $1.62 $1.38
Cash & equivalents $1.47B $294.16M
Total debt $4.92B $570.80M
Shares (diluted) 252.00M 48.00M
Enterprise value $15.16B $2.94B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricFWONAMSGE
P/E 50.6x 55.0x
P/FCF 22.4x 9.6x
P/Operating cash flow 19.4x 8.8x
P/S 4.3x 2.9x
P/B 2.4x 67.7x
P/Tangible book 6.6x -172.1x
EV/EBITDA 22.5x 16.9x
EV/EBIT 42.5x 23.9x
EV/Revenue 5.1x 3.2x
EV/FCF 26.6x 10.5x
EV/Operating cash flow 23.0x 9.6x
PEG (3Y EPS CAGR) -9.87 -27.43

Growth

14 metrics
MetricFWONAMSGE
Revenue growth (1Y) 12.2% 12.5%
Revenue CAGR (3Y) 75.9% 7.6%
Gross profit growth (1Y) 1,012% 17.5%
Gross profit CAGR (3Y) 29.5% 10.8%
Operating income growth (1Y) 49.1% 15.9%
Operating income CAGR (3Y) 37.8% 10.5%
Net income growth (1Y) 113.5% 76.8%
Net income CAGR (3Y) -34.0% -4.6%
EPS growth (1Y) 122.2% 78.0%
EPS CAGR (3Y) -5.1% -2.0%
Operating cash flow growth (1Y) 18.7% 204.8%
Operating cash flow CAGR (3Y) 19.7% 37.3%
Free cash flow growth (1Y) 15.6% 247.1%
Free cash flow CAGR (3Y) 73.7% 38.9%

Profitability

14 metrics
MetricFWONAMSGE
Gross margin 28.2% 45.1%
EBITDA margin 22.5% 18.8%
Operating margin 11.9% 13.3%
Pretax margin 14.3% 10.1%
Net margin 9.4% 6.2%
FCF margin 19.0% 30.5%
Operating cash flow margin 21.9% 33.1%
Return on equity 5.3% 141.1%
Return on assets 2.6% 3.4%
Return on invested capital 2.9% 14.1%
Return on capital employed 3.6% 11.8%
Asset turnover 0.3x 0.5x
Cash conversion (OCF / net income) 2.3x 5.3x
Stock comp / revenue 0.6% 3.1%

Financial Health

11 metrics
MetricFWONAMSGE
Debt / assets 31.0% 29.5%
Debt / equity 0.6x 12.5x
Net debt / EBITDA 3.5x 1.4x
Debt / FCF 6.0x 1.8x
Liabilities / assets 52.0% 97.6%
Equity / assets 48.0% 2.4%
Interest coverage 1.9x 3.5x
Current ratio 1.3x 0.7x
Quick ratio 1.1x 0.5x
Cash ratio 0.9x 0.4x
Altman Z-score 2.44 1.79

Shareholder Returns

7 metrics
MetricFWONAMSGE
Dividend yield – –
Net buyback yield – 0.8%
Shareholder yield – 0.8%
Payout ratio (earnings) – –
Payout ratio (FCF) – –
Dividend growth (1Y) – –
Dividend CAGR (3Y) – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusFWONAMSGE
Forward P/E 44.5xFY2026 29.6xFY2027
EPS, next fiscal year $1.85FY2026 $2.59FY2027
EPS growth, next FY -16.3%FY2026 +87.7%FY2027
EPS growth, the year after +14.6% +8.1%
Revenue, next fiscal year $4.97BFY2026 $1.05BFY2027
Revenue growth, next FY +10.9%FY2026 -0.7%FY2027
Revenue growth, the year after -0.7% +19.2%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersFWONAMSGE
Held by institutions 9.3% 100.0%
Institutions holding 300 278
Change in shares held, QoQ +10.2% +1.1%
Institutions buying 154 154
Institutions selling 77 73
Buyers to sellers 2.00 2.11

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

FWONAMSGE
FWONA 1.00 0.22
MSGE 0.22 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, FWONA and MSGE?

Liberty Media (FWONA) is the largest by market capitalisation: Liberty Media (FWONA) $20.60B, Madison Square Garden Entertainment (MSGE) $3.74B.

Which stock is cheaper, FWONA and MSGE?

Liberty Media (FWONA) trades on the lowest price-to-earnings ratio (Liberty Media (FWONA) 50.5x, Madison Square Garden Entertainment (MSGE) 56.5x). On next year's consensus earnings, Madison Square Garden Entertainment (MSGE) is cheapest (Liberty Media (FWONA) 44.5x, Madison Square Garden Entertainment (MSGE) 29.6x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Madison Square Garden Entertainment (MSGE) grew revenue fastest over the trailing twelve months: Liberty Media (FWONA) +12.2%, Madison Square Garden Entertainment (MSGE) +12.5%.

Which company is more profitable?

Liberty Media (FWONA) has the highest net margin (Liberty Media (FWONA) 9.4%, Madison Square Garden Entertainment (MSGE) 6.2%). On return on invested capital, Madison Square Garden Entertainment (MSGE) leads (Liberty Media (FWONA) 2.9%, Madison Square Garden Entertainment (MSGE) 14.1%).

Which stock has performed better?

Over the past year Madison Square Garden Entertainment (MSGE) returned the most: Liberty Media (FWONA) -6.0%, Madison Square Garden Entertainment (MSGE) +67.7%. Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Liberty Media (FWONA) has been the steadiest (Liberty Media (FWONA) 24.4%, Madison Square Garden Entertainment (MSGE) 30.7%). Volatility measures how widely the price swings, not the risk of the business.

Do FWONA and MSGE move together?

Their daily returns over the past year have a correlation of 0.22, a weak relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, FWONA and MSGE?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Madison Square Garden Entertainment (MSGE) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.