Live Nation Entertainment (LYV) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Live Nation Entertainment

NYSE•Communication Services•Entertainment

$170.08+0.09(<0.01%)After hours

Market Cap

$39.20B

P/E

291.0x

P/S

1.5x

P/B

476.1x

Live Nation Entertainment, Inc. operates as a live entertainment company worldwide. The company operates through Concerts, Ticketing, and Sponsorship & Advertising segments. Its Concerts segment promotes live music events in its owned or operated venues, and in rented third-party venues. This segment operates and manages music venues; produces music festivals; creates associated content; and offers management and other services to artists. The Ticketing segment manages the ticketing operations, including the provision of ticketing software and services to consumers with marketplace for tickets and event information through mobile apps, other websites, and retail outlets, as well as its websites, such as livenation.com and ticketmaster.com; and provides ticket resale services. This segment offers ticketing services for arenas, stadiums, amphitheaters, music clubs, concert promoters, professional sports franchises and leagues, college sports teams, performing arts venues, museums, and theaters. Its Sponsorship & Advertising segment sells international, national, and local sponsorships and placement of advertising, including signage, online advertising, and promotional programs; rich media offering, including advertising related with live streaming and music-related content; and ads through distribution network of venues, events, and websites. This segment also manages the development of strategic sponsorship programs, as well as develops, books, and produces custom events or programs for specific brands. It owns, operates, or leases entertainment venues. The company was formerly known as Live Nation, Inc. and changed its name to Live Nation Entertainment, Inc. in January 2010. Live Nation Entertainment, Inc. was incorporated in 2005 and is headquartered in Beverly Hills, California.

How this company scores

AverageMetricSide Score: 48/100

Strongest: Growth (14/25); weakest: Balance Sheet & Red Flags (8/25).

Profitability13/25

Growth14/25

Balance Sheet & Red Flags8/25

Cash & Earnings Quality13/25

Strengths

Rising free cash flowHigh ROEConsistent growthNet cash position

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 291.0x5y range 31.2x – 413.0x

Currently above its 16-quarter median.

P/S · 1.5x5y range 0.9x – 5.2x

Currently near its 19-quarter median.

P/B · 476.1x5y range 73.2x – 476.1x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 71.5% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Earnings Quality

Red Flag

Free cash flow has been negative in 4 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $39.20B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $26.27B
Q. Revenue: $7.67B
TTM EBITDA: $1.49B
TTM Op. Income: $801.20M
Q. Op. Income: $521.92M
TTM Net Income: $134.70M
Q. Net Income: $294.45M
EPS: $1.06
Shares Out.: $232.84M

$26.27B in TTM revenue grew 10.8% YoY, reaching $7.67B last quarter. TTM EBITDA of $1.49B and TTM operating income of $801.20M show growth is flowing through to the bottom line. TTM net income of $134.70M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 5 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 9.3%
Op. Margin: 6.8%
Net Margin: 3.8%

Op. margin of 6.8% is down 0.1% YoY — costs are rising relative to revenue. Net margin at 3.8% Over the past year, operating margin is down 2% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 291.0x
P/S Ratio: 1.5x
P/B Ratio: 476.1x

At 291.0x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 1.5x and P/B of 476.1x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 656% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $28.18B
Cash: $9.07B
Long-Term Debt: $6.23B
Book Value: $82.33M
D/E Ratio: 75.7
Debt/EBITDA: 8.8

With $28.18B in assets and $6.23B in long-term debt, D/E is 75.7and book value is $82.33M — elevated leverage, meaning significant financial risk in a downturn. Across the last 7 quarters, debt/equity has risen for 2 consecutive quarters — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $419.27M
TTM Free Cash Flow: $1.38B
FCF Margin: 5.3%
FCF / Net Income: 10.3

TTM FCF of $1.38B on $419.27M in operating cash flow. The FCF / Net Income ratio of 10.3x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 2 consecutive quarters — an improving trend.