Live Nation Entertainment, Inc. (LYV)

NYSE: LYV · USD

$173

+0.72 (+0.4%)· Recorded snapshot

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StockMarketAgent Research · Analyzed 2026-10-03

Our latest published analysis: LYV rated Sell

Live Nation Entertainment, Inc.'s published Sell conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.

Fair value

$46.6 / share

Potential value

$59.1 / share

Upside to FV

-72.4%

from $173

Moat

7.5/10

Narrow

Read full analysis →View archive · 24mo

9-phase methodology · same model in each published edition

Market cap	$39.3B
Revenue (ttm)	26.3B
Net income (ttm)	-258M
EPS (ttm)	-$1.11
Shares out	233M
P/E (forward)	119.0x
Volume	1,737,169
Beta	1.17

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 26.3B
Net income (ttm): -258M
EPS (ttm): -$1.11
P/E (forward): 119.0x
Market cap: $39.3B

Item	P1	P2	P3	P4	P5	Trend
Period	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31	Trend
Revenue	$6.27B	$16.68B	$22.73B	$23.16B	$25.20B	+41.6%
Gross profit	$1.91B	$4.33B	$5.48B	$5.83B	$5.80B	+32.0%
Operating income	$-417.9M	$722.0M	$1.08B	$824.5M	$1.25B	—
Net income	$-650.9M	$266.4M	$556.9M	$896.3M	$496.0M	—
EPS (diluted)	$-3.09	$0.52	$1.34	$2.74	$-0.24	—
EBITDA	$87.5M	$1.22B	$1.78B	$1.62B	$2.07B	+120.7%
R&D	$18.8M	$10.3M	—	—	—	-45.0%
SG&A	$1.75B	$2.96B	$3.52B	$4.04B	$4.09B	+23.6%

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
AAPL	Apple Inc.	5T	39.4x	10.8x	101.6%	+6.1%	+28.5%	卖出
ABNB	Airbnb, Inc.	97.8B	37.5x	7.4x	16.8%	+24.4%	+28.5%	卖出
ADBE	Adobe Inc.	97.1B	13.9x	3.7x	57.2%	+11.5%	-30.7%	强力买入
APP	AppLovin Corporation	87B	20.0x	12.7x	132.7%	+25.8%	-59.6%	持有
BIDU	Baidu, Inc.	27.1B	—	1.4x	3.4%	+1.5%	-38.7%	买入
CHTR	Charter Communications, Inc.	17.2B	2.7x	0.3x	8.5%	+1.7%	-57.3%	强力买入

Base and Bull scenarios

Base60%

Price target

$46.58

-72.4% from spot

The base case reflects the house modal forecast where Live Nation's integrated promotion and ticketing ecosystem delivers steady top-line growth through FY2027 before moderating toward terminal growth. Operating margins expand through FY2030, driven by operating leverage in ticketing and sponsorship. Reinvestment moderates as venue buildouts complete across 2026-2027, allowing free cash flow to inflect through FY2030. Discounted at WACC with net debt deduction, Fair value is $46.58.

Revenue expands through FY2026 and FY2027, tracking consensus expectations, before decelerating toward terminal growth by FY2030.
Operating margins expand from reported FY2025 levels through FY2026 and across the multi-year forecast through FY2030.
Reinvestment rate steps down through FY2030 as peak transformation venue capex normalizes, supporting Fair value of $46.58.

Bull15%

Price target

$59.09

-65.0% from spot

In the bull case scenario, rapid international arena expansion and sustained consumer demand for live stadium experiences drive top-line revenue beyond consensus expectations by FY2027. Enhanced on-site monetization across food, beverage, and premium hospitality expands operating margins, while Ticketmaster enterprise partnerships optimize inventory yield. Accelerated completion of the venue buildout lowers capital reinvestment of NOPAT, unlocking annual free cash flow expansion and supporting an intrinsic equity valuation of $59.09.

International arena additions (Bangkok, Milan, Buenos Aires) and sustained double-digit fan growth drive revenue toward consensus targets by FY2027.
Consolidated operating margins expand as high-margin sponsorship and enterprise ticketing partnerships scale.
Reinvestment rate moderates toward completion of the venue buildout, unlocking annual free cash flow expansion and supporting Potential value of $59.09.

Sensitivity: Ke × terminal growth

The highlighted cell is Fair value when every assumption sits at its base level ($46.58). Each row and column shows what Fair value becomes when one assumption moves.

Ke ↓ / g →	2.3%	2.5%	2.8%	3.0%	3.3%
7.4%	$53.3	$54.9	$56.6	$58.5	$60.6
7.9%	$49.8	$51.1	$52.5	$54.0	$55.7
8.4%	$46.9	$47.9	$46.6	$50.3	$51.6
8.9%	$44.4	$45.2	$46.2	$47.2	$48.3
9.4%	$42.1	$42.9	$43.7	$44.5	$45.5

Scorecard

Published factor rows and weighted composite

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E119.1

P25 n/aP50 n/aP75 n/a

Trailing P/E117.3

P25 n/aP50 n/aP75 n/a

ROE17.7

P25 n/aP50 n/aP75 n/a

ROIC13.9

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All LYV indicators

Market & fundamental data

Available fields

255

Groups with data

Currency

USD

Showing 255 of 255 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0001335258
Company name	Live Nation Entertainment, Inc.
Country	United States
Country code	US
CUSIP number	538034109
Earnings date	2026-11-05
Earnings time	amc
Employees	34,700
Employees change	2,500
Employees growth	7.76%
Enterprise value	$42.4B
Exchange	NYSE
Financial currency	USD
Financial report date	2026-06-30
First seen	2026-05-09
Fiscal year end	December
Founded	2005
In index	SP500
Industry	Entertainment
Is primary listing	Yes
Is SPAC	No
ISIN number	US5380341090
Last 10-K release date	2026-02-19
Last earnings date	2026-07-30
Last refreshed	2026-10-28
Last stock split type	Never
Market cap	$40.2B
Market cap category	Large-Cap
Next earnings date	2026-11-05
Options	Yes
Price	$172.69
Price currency	USD
Sector	Communication Services
SIC code	7900
Stock price date	2026-10-28
Symbol	LYV
U.S. state	California
Website	https://www.livenationentertainment.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Average P/E ratio (3Y)	78.04x
Average P/E ratio (5Y)	84.87x
Earnings yield	-0.64%
EV/EBIT	49.04x
EV/EBITDA	27.28x
EV/FCF	30.59x
EV/Sales	1.61x
FCF / EV yield	3.27%
FCF yield	3.45%
Forward EV/Sales	1.46x
Forward P/E	132.43x
Forward P/S	1.38x
Industry forward P/E	20.2x
Industry P/E	29.98x
P/(FCF - SBC) ratio	32.89x
P/(OCF - SBC) ratio	16.4x
P/B ratio	22.04x
P/FCF ratio	28.99x
P/OCF ratio	15.37x
P/S ratio	1.53x
Price/EBITDA ratio	25.85x
Sector forward P/E	18.37x
Sector P/E	19.08x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	3.28%
EBITDA margin	5.9%
Effective tax rate	43.97%
FCF margin	5.26%
Gross margin	25.78%
Operating margin	3.28%
Pretax margin	2.48%
Profit margin	0.51%
Profit per employee	$-7,436
Profitable quarters	1
Revenue per employee	$757,134
ROA	2.1%
ROA (5Y)	2.26%
ROCE	8.12%
ROE	17.68%
ROE (5Y)	-1.44%
ROIC	13.87%
ROIC (5Y)	14.78%
SBC / revenue	0.62%
Tax / revenue	1.09%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth (Q)	156.23%
EPS growth quarters	1
EPS growth years	0
FCF growth	23.26%
FCF growth (QoQ)	-93.61%
FCF growth 3Y	-2.94%
FCF growth 5Y	31.8%
Gross profit growth	14.12%
Gross profit growth (Q)	8.17%
Gross profit growth 3Y	11.34%
Gross profit growth 5Y	63.66%
Net income growth	-85.35%
Net income growth (Q)	20.97%
Net income growth quarters	1
Net income growth years	0
OCF growth	39.58%
OCF growth (Q)	87.62%
OCF growth (QoQ)	-82.07%
OCF growth 10Y	19.05%
OCF growth 3Y	10.54%
OCF growth 5Y	40.47%
Operating income growth	-10.8%
Operating income growth (Q)	5.68%
Operating income growth 3Y	-1.96%
Revenue growth	10.75%
Revenue growth (Q)	9.42%
Revenue growth (QoQ)	102.13%
Revenue growth 10Y	12.99%
Revenue growth 3Y	11.02%
Revenue growth 5Y	82.78%
Revenue growth quarters	5
Revenue growth years	5

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-1.2B
Depreciation and amortization	$688.1M
EBIT	$862.6M
EBITDA	$1.6B
EPS	$-1.11
FCF per share	$5.94
Financing cash flow	$1.2B
Free cash flow	$1.4B
Free cash flow minus SBC	$1.2B
Gross profit	$6.8B
Income taxes	$286.1M
Investing cash flow	$-1.6B
Net borrowing	$2.5B
Net cash flow	$2.1B
Net income	$-258M
Operating cash flow minus SBC	$2.4B
Operating income	$862.6M
Revenue	$26.3B
Stock-based compensation	$163.9M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Altman Z-Score	1.68
Book value per share	$0.36
Debt / EBITDA	5.42
Debt / equity	6.2
Debt / FCF	8.16
Goodwill	$3.1B
Interest coverage	2.45
Long-term assets	$13.2B
Long-term liabilities	$8.8B
Net cash (debt)	$-2.2B
Net cash / market cap	-5.51%
Net debt / EBITDA	1.43
Net debt / equity	1.22
Net debt / FCF	1.6
Piotroski F-Score	4
Property, plant and equipment	$5.8B
Shareholders' equity	$1.8B
Tangible book value	$-4.6B
Tangible book value per share	$-19.75
Total assets	$28.2B
Total cash	$9.1B
Total debt	$11.3B
Total liabilities	$26.4B
WACC	8.73%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	1.02
Current assets	$15B
Current liabilities	$17.6B
Current ratio	0.85
Net working capital	$-8.7B
Quick ratio	0.68
Working capital	$-2.6B
Working capital turnover	-12.38

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	2.22%
Dividend yield	0%
Shareholder yield	2.22%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	534.29%
10Y return CAGR	20.29%
10Y total return	534.29%
150-day SMA	$170.98
15Y price change	1,695.4%
15Y return CAGR	21.23%
15Y total return	1,695.4%
1D price change	0.42%
1M price change	0.45%
1M total return	0.45%
1W price change	-1.8%
1W total return	-1.8%
1Y price change	12.06%
1Y return CAGR	12.07%
1Y total return	12.06%
20-day SMA	$171.37
200-day SMA	$166.33
20Y price change	760.35%
20Y return CAGR	11.36%
20Y total return	760.35%
3M price change	-4.33%
3M total return	-4.33%
3Y price change	122.91%
3Y return CAGR	30.62%
3Y total return	122.91%
50-day SMA	$173.41
50-day SMA vs 200-day SMA	50over200
52-week high	$189.25
52-week high date	2026-08-14
52-week low	$125.34
52-week low date	2025-11-25
5Y price change	70.6%
5Y return CAGR	11.28%
5Y total return	70.6%
6M price change	9.68%
6M total return	9.68%
All-time high	$189.25
All-time high date	2026-08-14
All-time low	$2.47
All-time low date	2009-03-11
Average true range (ATR)	$3.69
Average volume	1.7M
Beta (1Y)	0.66
Beta (2Y)	0.84
Beta (5Y)	1.17
Change from 52-week high	-8.75%
Change from 52-week low	37.77%
Change from all-time high	-9.3%
Change from all-time low	6,848.99%
Change from open	0.77%
Day's gap	-0.35%
Dollar volume	$300M
High price	$172.74
Low price	$169.25
Monthly RSI	60.22
Open price	$171.37
Position in 52-week range	98.42%
Premarket change	-0.27%
Premarket close	$171.97
Premarket price	$171.50
Previous close	$171.97
Price vs 150-day SMA	0.38%
Price vs 20-day SMA	0.16%
Price vs 200-day SMA	3.19%
Price vs 50-day SMA	-1.02%
Relative volume	1.01
RSI	48.51
Sharpe ratio	0.4
Sharpe ratio (3Y)	0.9
Sharpe ratio (5Y)	0.37
Sortino ratio	0.76
Sortino ratio (3Y)	1.53
Sortino ratio (5Y)	0.7
Volume	1.7M
Weekly RSI	52.15
YTD price change	20.45%
YTD total return	20.45%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	157.2M
Float percentage	67.5%
Shares change (QoQ)	5.01%
Shares change (YoY)	-2.22%
Shares held by insiders	2.54%
Shares held by institutions	85.8%
Shares outstanding	233M
Short % of float	15.19%
Short % of shares	10.26%
Short ratio	12.1 days

Deeper analysis on LYV

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Quote this valuation with its source: Fair value, Potential value and the price at analysis.

Frequently asked questions

About this LYV report

What is the latest published LYV stock rating?

Live Nation Entertainment, Inc. is shown with Sell in the latest published report, analyzed 2026-10-03. The hub links directly to the full analysis surface where the dated rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full LYV analysis?

The full latest published report, analyzed 2026-10-03, lives at /stocks/LYV/analysis. The bare ticker page summarizes that read and links to each analysis tab; earlier editions remain under /analysis/archive.

What fair value is used for LYV?

The latest published report analyzed 2026-10-03 gives LYV a fair value of USD 47 and a potential value of USD 59. These are dated research outputs, not live market prices; review the valuation assumptions, sensitivity analysis, and material risks before making a decision.

How often is the LYV page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-10-03). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

SellLYV · Fair value $46.6-72.4%

Read full analysis →

Live Nation Entertainment, Inc. (LYV)

Our latest published analysis: LYV rated Sell

Price

Financial snapshot

Fair-value bridge

Latest news · LYV

Valuation

Profitability

Balance sheet

Trading

Base and Bull scenarios

Sensitivity: Ke × terminal growth

Scorecard

Next earnings

Sector percentile context

All LYV indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on LYV

Frequently asked questions

评级历史

Category	Score	Reading
Valuation	1.5
Management	6.5
Balance Sheet	1.5
Profitability	6.0
Revenue Growth	6.0
Risk Assessment	2.5
Competitive Moat	7.5
Earnings Quality	9.0
Capital Efficiency	4.5