Madison Square Garden Sports Corp.
$9.84B- Market cap
- $9.75B
- Debt
- +$258.50M
- Cash
- −$164.51M
Capital structure 97% equity / 3% debt · EV / Revenue 8.53x · EV / EBITDA 547.45x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
Decision snapshot: MSGS stock price at premium vs PDD $391.16 current versus $2.79 implied using P/E multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at PDD's multiple
Implied fair value · at MSGS's multiple
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth lag
Pricing power
Operating leverage
Multiple premium
Expensive
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: MSGS FY 2026 (ended Jun 30, 2026) · PDD FY 2025 (ended Dec 31, 2025). Fiscal years are not aligned.
Trendline
Nine fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Capital structure 97% equity / 3% debt · EV / Revenue 8.53x · EV / EBITDA 547.45x
Capital structure 86% equity / 14% debt · EV / Revenue 1.21x · EV / EBITDA 4.27x
PDD carries the larger enterprise value at $74.92B against $9.84B; PDD trades on the lower EV / Revenue multiple (1.21x vs 8.53x); PDD on the lower EV / EBITDA (4.27x vs 547.45x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
MADISON SQUARE GARDEN SPORTS CORP. · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
PDD Holdings Inc. · implied price per share
Five annual free-cash-flow observations are required for the filing-backed baseline.
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Debt / equity
Total debt against shareholders' equity
-0.98x
0.31x
Net debt / EBITDA
Leverage against operating earnings
5.23x
-2.40x
Cash and equivalents
Liquid reserves on the balance sheet
$164.51M
$60.39B
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
Keep comparing
Open adjacent comparisons from the same industry to pressure-test the read across multiple pairs.
Live Nation Entertainment, Inc.
MSGS vs LYV
VAIL RESORTS INC
MSGS vs MTN
Manchester United plc
MSGS vs MANU
Liberty Media Corp
MSGS vs FWONA
AMAZON COM INC
MSGS vs AMZN
MERCADOLIBRE INC
MSGS vs MELI
Alibaba Group Holding Ltd
MSGS vs BABA
JD.com, Inc.
MSGS vs JD
SHOPIFY INC.
MSGS vs SHOP
Sea Ltd
MSGS vs SE
$258.50M
$18.30B
LLM-powered synthesis
An on-demand narrative read of the same deterministic data.
The deterministic comparison remains available. Sign in when you want an on-demand narrative synthesis of the same data.