Live Nation Entertainment, Inc. (LYV) stock analysis
Close on Nov 11, 2026Market cap $42.45BP/E –Yield –
StockData Score
Prices as of Nov 11, 2026How the score works
Weak8 of 30 checks passed
Live Nation Entertainment passes 8 of the 30 checks behind our score; 13 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.
- Valuation
- 0/6
- Growth
- 3/6
- Past performance
- 4/6
- Financial health
- 1/6
- Dividend
- 0/6
What stands out
Return on capital over 10%
Return on invested capital was 35.7%, above the 10% that usually covers the cost of capital.
Revenue growing 10%+ a year
Revenue grew 14.7% a year over the last three fiscal years.
Debt covered by cash flow
Operating cash flow over the last twelve months equals 21.0% of total debt.
Guidance raised
Live Nation Entertainment raised its FULL-YEAR Depreciation and amortization outlook on Jul 30, 2026.
What to watch
Margin of safety under 20%
The price is 116% above fair value, so there is no margin of safety.
Trading above fair value
The share price of $180.16 is above our fair value estimate of $83.57.
High debt
Debt is 2134% of shareholders' equity, above the 40% we consider low.
Interest not well covered
Operating income covers interest expense 2.4 times; we look for at least 5.
Valuation0/6
P/E against its history
Not enough price and earnings history to compare.
P/E against the industry
Needs positive earnings and enough profitable companies in the industry.
EV/EBITDA above its 5-year median
Live Nation Entertainment's EV/EBITDA of 27.8 is above its 5-year median of 20.0.
P/B above the industry
Live Nation Entertainment's price-to-book of 92.93 is above the Amusement and Recreation Services median of 2.76.
Trading above fair value
The share price of $180.16 is above our fair value estimate of $83.57.
Margin of safety under 20%
The price is 116% above fair value, so there is no margin of safety.
Growth3/6
Revenue growing 10%+ a year
Revenue grew 14.7% a year over the last three fiscal years.
EPS growth over 3 years
Needs positive EPS three years ago and today.
Earnings acceleration
Needs positive net income now, a year ago and five years ago.
Growing faster than the industry
Revenue grew 13.5% over the last twelve months; the Amusement and Recreation Services median is 5.5%.
Guidance raised
Live Nation Entertainment raised its FULL-YEAR Depreciation and amortization outlook on Jul 30, 2026.
Gross margin trend
This company does not report gross profit.
Past performance4/6
Return on equity
Needs positive equity and five years of results.
Return on capital over 10%
Return on invested capital was 35.7%, above the 10% that usually covers the cost of capital.
Return on equity above the industry
Live Nation Entertainment's return on equity of 30.9% is above the Amusement and Recreation Services median of -40.9%.
Earnings over 5 years
Needs positive net income five years ago and in the latest year.
Net margin above its 5-year average
Net margin was 0.5% over the last twelve months, against a 5-year average of -0.1%.
Net margin above the industry
Live Nation Entertainment's net margin of 0.5% is above the Amusement and Recreation Services median of -1.4%.
Financial health1/6
High debt
Debt is 2134% of shareholders' equity, above the 40% we consider low.
Debt trend
Needs a balance sheet from five years ago with positive equity.
Debt covered by cash flow
Operating cash flow over the last twelve months equals 21.0% of total debt.
Interest not well covered
Operating income covers interest expense 2.4 times; we look for at least 5.
Short-term assets don't cover short-term debts
Current assets are 0.95 times current liabilities.
Bankruptcy risk in the grey zone
The Altman Z-score is 1.99; above 3 is the safe zone and below 1.8 the distress zone.
Dividend0/6
No dividend
Live Nation Entertainment has not paid a dividend in the last twelve months.
Yield against Treasuries
No dividend.
Yield against the market
No dividend.
Dividend stability
No dividend.
Earnings cover
No dividend.
Cash-flow cover
No dividend.
Fair value
How we estimate itOur estimate per share
$83.57
The share price is 116% above this estimate.
| Method | Multiple used | Own 5Y median | Industry median | Value per share | Weight |
|---|---|---|---|---|---|
| EV/EBITDA | 16.0× | 20.0× | 12.0× | $103.08 | 70% |
| Earnings power | 10.6% cost of equity | – | – | $38.05 | 30% |
| Fair value | $83.57 | 100% | |||
Valuation over time
Using the earnings and balance sheet published at each date, not today's.
- P/E at month end
- Own 5-year median 97.7
- Amusement and Recreation Services median 35.3
An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.
Market risk
From the past year of daily prices.
Liquidity
Low risk
- Average value traded per day
- $415.47M
- Value traded per 1% price move
- $346.64M
Downside
Low risk
- Typical loss in a bad month
- 8.6%
- Volatility (annualized)
- 29%
- Sharpe ratio, 1 year
- 0.73
- Beta to the S&P 500 (5Y)
- 1.15
Typical bad-month loss, week by week
Margins
Share of revenue, fiscal years 2011 to 2025
Operating margin
Net margin
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +8.8% | +14.7% | +68.4% | +13.3% | |
| Operating income | +51.8% | +20.1% | – | +25.3% | |
| Net income | -44.7% | +23.0% | – | – | |
| Free cash flow | -69.1% | -39.2% | – | +7.3% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 0.2% | -511.7% | 223.3% | |
| Return on assets | 0.0% | -16.0% | 2.3% | |
| Current ratio | 1.09 | 0.96 | 1.00 | |
| Debt to equity | 2.05 | -10.40 | 30.26 | |
| Net debt to EBITDA | 1.53× | -2.02× | 0.58× | |
| Interest coverage | 1.8× | -7.3× | 4.0× | |
| Capex to revenue | 2.2% | 11.5% | 4.2% | |
| Diluted shares | 202M | 212M | 232M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Live Nation Entertainment generated $8.10B from operations and spent $2.67B on capital expenditure, dividends and share buybacks. 99% of that went back into the business.
DuPont analysis
Return on equity split into margin, efficiency and leverage
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 2.0% | 1.18× | 95.78× | 223.3% |
| FY2024 | 3.9% | 1.20× | 319.68× | 1482.0% |
| FY2023 | 2.5% | 1.28× | -84.53× | -265.3% |
| FY2022 | 1.6% | 1.08× | -32.48× | -56.1% |
| FY2021 | -10.4% | 0.50× | -23.70× | 123.5% |
| FY2020 | -92.7% | 0.17× | 31.99× | -511.7% |
| FY2019 | 0.6% | 1.19× | 8.67× | 6.2% |
| FY2018 | 0.6% | 1.35× | 7.02× | 5.3% |
| FY2017 | -0.1% | 1.36× | 6.18× | -0.5% |
| FY2016 | 0.0% | 1.21× | 5.47× | 0.2% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
- ProfitableNet income above zero$495.97M
- Cash generatingOperating cash flow above zero$1.40B
- Return on assets improvedROA up on the prior year4.7% → 2.5%
- Earnings backed by cashOperating cash flow above net income$1.40B vs $495.97M
- Less leverageLong-term debt to assets fell31.5% → 33.2%
- Better liquidityCurrent ratio rose0.99 → 1.00
- No dilutionShare count did not rise236M → 232M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose1.22 → 1.28
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