Madison Square Garden Sports Corp. (MSGS)

Services-Miscellaneous Amusement & Recreation

Latest Price

$405.21

TTM P/E

Normalized P/E

342.75

Div Yield

5.18%

Book Value

P/B Ratio

Valuation metrics

Norm. op. income: $29M (median of 7yr)

Tax rate: 45%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$7.14

98% downside

Base FCF: $91M (median of recent 5yr)

Growth: -15%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$16.73

96% downside

EPS: $0.32

Target P/E: 15×

Formula: EPS × P/E

P/E Fair Value

$4.80

99% downside

79.6% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	2.10M	$843.0M	8.69%	+87.0K	2026-06-30
Silver Lake Group, L.L.C.	1.90M	$763.0M	7.87%	--	2026-06-30
Starlite Capital Inc	1.21M	$475.0M	4.99%	--	2026-06-30
T. Rowe Price Investment Management, Inc.	1.10M	$440.0M	4.54%	+306.2K	2026-06-30
Vanguard Portfolio Management LLC	955.9K	$384.0M	3.96%	+22.4K	2026-06-30
Vanguard Capital Management LLC	798.6K	$320.0M	3.31%	+6.6K	2026-06-30
Ariel Investments, LLC	658.6K	$264.0M	2.73%	-58.8K	2026-06-30
Gates Foundation Trust	592.4K	$238.0M	2.45%	--	2026-06-30
State Street Corp	585.9K	$235.0M	2.43%	+21.0K	2026-06-30
Avantyr Capital Partners, LP	467.0K	$187.0M	1.93%	+368.0K	2026-06-30