Madison Square Garden is a holding company. Through its subsidiaries, Co. is engaged in the sports and entertainment business. Co. is comprised of two business segments: MSG Entertainment and MSG Sports. MSG Entertainment presents or hosts live entertainment events, including concerts and other live events such as family shows, performing arts events and special events, in Co.'s collection of venues. MSG Entertainment also creates, produces and/or presents live productions that are performed in Co.'s venues, including the Christmas Spectacular, which features the Rockettes. MSG Sports owns and operates sports franchises, including the New York Knicks and the New York Rangers. We show 19 historical shares outstanding datapoints in our MSG shares outstanding history coverage, used to compute MSG market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing MSG market cap history over the course of time is important for investors
interested in comparing MSG's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of MSG versus a peer is one thing; comparing
MSG market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like MSG can fluctuate over the course of history.
With this page we aim to empower investors researching MSG by allowing them to research the MSG market cap history. |
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Video: The Importance of Market Cap
