MSGE vs FWONA Stock Comparison

Madison Square Garden Entertainment and Liberty Media Prices as of Oct 27, 2026 Peers: Industry group
FWONA Liberty Media Corp
$81.99 -5.2% 1M -6.4% 1Y
Market cap
$18.39B
P/E
50.4x
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.

QuestionMSGEFWONALeader
Larger companyMarket capitalisation $3.19B $18.39B FWONA
Cheaper on earningsLower P/E, profitable companies only 56.6x 50.4x FWONA
Cheaper on forward earningsLower price / next fiscal year consensus EPS 30.5x 44.3x MSGE
Faster revenue growthRevenue growth, trailing twelve months +12.5% +12.2% MSGE
More profitableNet margin, trailing twelve months 6.2% 9.4% FWONA
Better return on capitalReturn on invested capital 14.1% 2.9% MSGE
Less leveragedLower net debt / EBITDA 1.4x 3.5x MSGE
Higher dividend yieldTrailing dividend yield — — –
Better 1-year returnPrice return, last 12 months +74.5% -6.4% MSGE
Better 5-year returnAnnualised price return, 5 years — +9.4%/yr –
Less volatileAnnualised volatility, 1 year 30.7% 24.4% FWONA
Higher overall scoreMean of the five percentile scores vs peers 71/100 69/100 MSGE

Percentile Scorecard

MSGEFWONA

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

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

Price Performance

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

Returns

PeriodMSGEFWONASPY
1 month -0.1%-5.2% -0.2%
3 months +2.2%-11.7% +3.9%
6 months +21.6%+3.0% +8.2%
Year to date +46.4%-8.3% +12.9%
1 year +74.5%-6.4% +12.3%
3 years +165.4%+44.5% +87.4%
3 years, per year +38.5%+13.1% +23.3%
5 years —+56.7% +67.9%
5 years, per year —+9.4% +10.9%
10 years —+200.9% +261.1%
10 years, per year —+11.6% +13.7%

Risk

MeasureMSGEFWONASPY
Volatility, 1Y 30.7%24.4% 12.7%
Downside volatility, 1Y 25.6%22.5% 12.7%
Beta vs S&P 500, 1Y 0.740.29 1.00
Return / volatility, 1Y 2.43-0.26 0.97
Max drawdown, 5Y -33.9%-25.7% -25.4%
From 52-week high -11.0%-16.5% -1.2%
52-week high $88.66$98.18 $779.14
52-week low $43.84$74.51 $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.

MultipleMSGEFWONA
P/E now vs peer median 56.6xmedian 50.4x 50.4xmedian 50.4x
P/S now vs peer median 3.0xmedian 1.4x 4.2xmedian 1.4x
EV/EBITDA now vs peer median 17.4xmedian 18.0x 22.4xmedian 18.0x
P/FCF now vs peer median 9.9xmedian 17.5x 22.3xmedian 17.5x
P/B now vs peer median 69.7xmedian 2.4x 2.4xmedian 2.4x
PEG now vs peer median -28.21median 0.26 -9.84median 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 monthsMSGEFWONA
Revenue $1.06B $4.34B
Gross profit $478.49M $1.22B
Operating income $141.54M $516.00M
Net income $66.19M $407.00M
Free cash flow $323.09M $823.00M
EPS (diluted) $1.38 $1.62
Cash & equivalents $294.16M $1.47B
Total debt $570.80M $4.92B
Shares (diluted) 48.00M 252.00M
Enterprise value $2.38B $13.71B

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
MetricMSGEFWONA
P/E 56.6x 50.4x
P/FCF 9.9x 22.3x
P/Operating cash flow 9.1x 19.3x
P/S 3.0x 4.2x
P/B 69.7x 2.4x
P/Tangible book -177.0x 6.6x
EV/EBITDA 17.4x 22.4x
EV/EBIT 24.5x 42.3x
EV/Revenue 3.3x 5.0x
EV/FCF 10.7x 26.6x
EV/Operating cash flow 9.9x 23.0x
PEG (3Y EPS CAGR) -28.21 -9.84

Growth

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

Profitability

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

Financial Health

11 metrics
MetricMSGEFWONA
Debt / assets 29.5% 31.0%
Debt / equity 12.5x 0.6x
Net debt / EBITDA 1.4x 3.5x
Debt / FCF 1.8x 6.0x
Liabilities / assets 97.6% 52.0%
Equity / assets 2.4% 48.0%
Interest coverage 3.5x 1.9x
Current ratio 0.7x 1.3x
Quick ratio 0.5x 1.1x
Cash ratio 0.4x 0.9x
Altman Z-score 1.82 2.43

Shareholder Returns

7 metrics
MetricMSGEFWONA
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.

ConsensusMSGEFWONA
Forward P/E 30.5xFY2027 44.3xFY2026
EPS, next fiscal year $2.59FY2027 $1.85FY2026
EPS growth, next FY +87.7%FY2027 -16.3%FY2026
EPS growth, the year after +8.1% +14.6%
Revenue, next fiscal year $1.05BFY2027 $4.97BFY2026
Revenue growth, next FY -0.7%FY2027 +10.9%FY2026
Revenue growth, the year after +19.2% -0.7%

Institutional Ownership

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

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.

MSGEFWONA
MSGE 1.00 0.22
FWONA 0.22 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, MSGE and FWONA?

Liberty Media (FWONA) is the largest by market capitalisation: Madison Square Garden Entertainment (MSGE) $3.19B, Liberty Media (FWONA) $18.39B.

Which stock is cheaper, MSGE and FWONA?

Liberty Media (FWONA) trades on the lowest price-to-earnings ratio (Madison Square Garden Entertainment (MSGE) 56.6x, Liberty Media (FWONA) 50.4x). On next year's consensus earnings, Madison Square Garden Entertainment (MSGE) is cheapest (Madison Square Garden Entertainment (MSGE) 30.5x, Liberty Media (FWONA) 44.3x). 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: Madison Square Garden Entertainment (MSGE) +12.5%, Liberty Media (FWONA) +12.2%.

Which company is more profitable?

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

Which stock has performed better?

Over the past year Madison Square Garden Entertainment (MSGE) returned the most: Madison Square Garden Entertainment (MSGE) +74.5%, Liberty Media (FWONA) -6.4%. Returns are price only, before dividends.

Which stock is riskier?

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

Do MSGE and FWONA 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, MSGE and FWONA?

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.