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MSGS (Madison Square Garden Sports) Earnings Yield (Joel Greenblatt) % : 2.41% (As of Jun. 2024)


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What is Madison Square Garden Sports Earnings Yield (Joel Greenblatt) %?

Madison Square Garden Sports's Enterprise Value for the quarter that ended in Jun. 2024 was $5,522 Mil. Madison Square Garden Sports's EBIT for the trailing twelve months (TTM) ended in Jun. 2024 was $133 Mil. Madison Square Garden Sports's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2024 was 2.41%.

The historical rank and industry rank for Madison Square Garden Sports's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

MSGS' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -7.3   Med: -1.11   Max: 2.94
Current: 2.09

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Madison Square Garden Sports was 2.94%. The lowest was -7.30%. And the median was -1.11%.

MSGS's Earnings Yield (Joel Greenblatt) % is ranked worse than
51.23% of 1054 companies
in the Media - Diversified industry
Industry Median: 2.57 vs MSGS: 2.09

Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.

A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Madison Square Garden Sports's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2024 was 0.00%. The Forward Rate of Return uses the normalized Free Cash Flow of the past seven years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.


Madison Square Garden Sports Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Madison Square Garden Sports's Earnings Yield (Joel Greenblatt) % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Madison Square Garden Sports Earnings Yield (Joel Greenblatt) % Chart

Madison Square Garden Sports Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.07 -1.51 1.88 2.02 2.41

Madison Square Garden Sports Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Earnings Yield (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.02 2.27 1.86 1.42 2.41

Competitive Comparison of Madison Square Garden Sports's Earnings Yield (Joel Greenblatt) %

For the Entertainment subindustry, Madison Square Garden Sports's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Madison Square Garden Sports's Earnings Yield (Joel Greenblatt) % Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Madison Square Garden Sports's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Madison Square Garden Sports's Earnings Yield (Joel Greenblatt) % falls into.



Madison Square Garden Sports Earnings Yield (Joel Greenblatt) % Calculation

In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.

Madison Square Garden Sportss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jun. 2024 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=133.257/5522.266825
=2.41 %

Madison Square Garden Sports's EBIT for the trailing twelve months (TTM) ended in Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $133 Mil.



Madison Square Garden Sports  (NYSE:MSGS) Earnings Yield (Joel Greenblatt) % Explanation

Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.

Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.


Be Aware

Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.


Madison Square Garden Sports Earnings Yield (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of Madison Square Garden Sports's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.


Madison Square Garden Sports Business Description

Traded in Other Exchanges
Address
Two Penn Plaza, New York, NY, USA, 10121
Madison Square Garden Sports Corp owns and operates a portfolio of assets featuring some of the recognized sports teams, including the Knicks of the NBA and the Rangers of the NHL. It generates revenue from several sources: ticket sales and a portion of suite rental fees at The Garden and others. It has one operating and reportable segment and one reporting unit for goodwill impairment testing purposes.
Executives
Alexander Shvartsman officer: SVP, Controller & PAO TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
James Lawrence Dolan director, officer: Executive Chairman, other: Member of 13(d) Group BAKER BOTTS L.L.P., 30 ROCKEFELLER PLAZA, NEW YORK NY 10112
David G. Hopkinson officer: President & COO C/O TILRAY, INC., 655 MADISON AVENUE, 19TH FLOOR, NEW YORK NY 10065
David Granville-smith officer: Executive Vice President TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Jamaal T Lesane officer: EVP and General Counsel TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Quentin F Dolan director 11 PENNSYLVANIA PLAZA, NEW YORK NY 10001
Joseph Cohen director TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Dolan Leinauer Corby other: Trustee of 13D Group Member BAKER BOTTS L.L.P., 30 ROCKEFELLER PLAZA, NEW YORK NY 10112
Lawrence J. Burian officer: EVP, GC and Secretary TWO PENN PLAZA, NEW YORK NY 10121
Stephen Mills director TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Ivan G Seidenberg director VERIZON COMMUNICATIONS INC, 140 WEST STREET, 29TH FLOOR, NEW YORK NY 10007
Anthony J Vinciquerra director FOX ENTERTAINMENT GROUP, INC., 10201 WEST PICO BLVD, LOS ANGELES CA 90035
Philip Gerard D'ambrosio officer: SVP, Treasurer TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Richard D Parsons director TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Andrew Lustgarten officer: President TWO PENN PLAZA, NEW YORK NY 10121