MSGS Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q2 '26 30.06.2026	Q1 '26 31.03.2026	Q4 '25 31.12.2025
Market & Enterprise Value
Market Cap	9.69B EUR	9.67B EUR	7.74B EUR	6.23B EUR
Enterprise Value	10.8B EUR	10.67B EUR	8.8B EUR	7.33B EUR
Valuation Multiples
Trailing P/E	1,257.19x	1,246.91x	--	--
Forward P/E	-883.9x	--	--	--
Price to Sales	8.4x	8.38x	7.17x	9.62x
Price to Book	--	--	--	--
EV/Revenue	9.36x	9.25x	8.15x	11.34x
EV/EBITDA	318.51x	240.73x	--	--
Price to FCF (P/FCF)	166.39x	157.94x	146.03x	--
EV/FCF	185.51x	174.2x	166.05x	--
FCF Yield	0.6%	0.63%	0.68%	-0.07%