Live Nation Entertainment, Inc. (LYV) Financial Ratios
23 years of historical data (2003–2025) · Communication Services · Entertainment
EV/EBITDA
↑
19.89
+11% vs avg
5yr avg: 17.91
30Y Low6.1·High23.9
P/FCF
↑
115.84
↑+223% vs avg
5yr avg: 35.89
30Y Low7.6·High144.4
P/B Ratio
↓
21.20
↓-25% vs avg
5yr avg: 28.23
30Y Low0.6·High112.5
ROE
↑
26.4%
↓+257% vs avg
5yr avg: -16.7%
30Y Low-259%·High52%
Debt/EBITDA
↓
5.63
↓-4% vs avg
5yr avg: 5.87
30Y Low3.6·High35.4
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
LYV Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Live Nation Entertainment, Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 115.8x P/FCF, 223% above the 5-year average of 35.9x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $38.6B | $33.0B | $30.6B | $21.6B | $16.1B | $26.0B | $15.6B | $15.0B | $10.2B | $8.7B | $5.4B |
| Enterprise Value | $44.0B | $38.4B | $32.8B | $23.8B | $18.2B | $28.6B | $19.5B | $17.3B | $10.7B | $9.2B | $6.2B |
| P/E Ratio → | -692.98 | — | 47.26 | 69.85 | 108.97 | — | — | — | — | — | — |
| P/S Ratio | 1.53 | 1.31 | 1.32 | 0.95 | 0.97 | 4.15 | 8.38 | 1.30 | 0.95 | 0.90 | 0.69 |
| P/B Ratio | 21.20 | 18.16 | 15.73 | 14.60 | 21.15 | 71.52 | 112.46 | 7.85 | 6.11 | 5.25 | 3.17 |
| P/FCF | 115.84 | 99.03 | 29.15 | 24.35 | 10.90 | 16.04 | — | 144.43 | 15.34 | 23.32 | 12.84 |
| P/OCF | 27.70 | 23.68 | 17.74 | 15.86 | 8.81 | 14.60 | — | 31.96 | 10.85 | 14.00 | 9.00 |
P/E links to full P/E history page with 30-year chart
LYV EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Live Nation Entertainment, Inc.'s enterprise value stands at 19.9x EBITDA, 11% above its 5-year average of 17.9x. The Communication Services sector median is 9.0x, placing the stock at a 120% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.52 | 1.42 | 1.05 | 1.09 | 4.56 | 10.49 | 1.50 | 0.99 | 0.95 | 0.79 |
| EV / EBITDA | 19.89 | 17.35 | 23.85 | 14.87 | 15.56 | — | — | 22.57 | 16.17 | 19.84 | 12.00 |
| EV / EBIT | 29.64 | 28.50 | 30.77 | 18.86 | 23.72 | — | — | 50.64 | 39.18 | 93.49 | 39.80 |
| EV / FCF | — | 115.02 | 31.22 | 26.84 | 12.31 | 17.63 | — | 166.89 | 16.00 | 24.59 | 14.72 |
LYV Profitability
Margins and return-on-capital ratios measuring operating efficiency
Live Nation Entertainment, Inc. earns an operating margin of 5.9%. Operating margins have expanded from 4.8% to 5.9% over the past 3 years, signaling improving operational efficiency. ROE of 26.4% indicates solid capital efficiency. ROIC of 19.7% represents solid returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 23.0% | 23.0% | 25.2% | 24.1% | 26.0% | 30.5% | 24.6% | 26.7% | 26.1% | 25.9% | 27.9% |
| Operating Margin | 5.9% | 5.9% | 3.6% | 4.8% | 4.3% | -6.7% | -88.8% | 2.8% | 2.5% | 0.9% | 2.5% |
| Net Profit Margin | 2.0% | 2.0% | 3.9% | 2.5% | 1.6% | -10.4% | -92.7% | 0.6% | 0.6% | -0.1% | 0.0% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 26.4% | 26.4% | 52.3% | 49.6% | 47.3% | -259.2% | -168.1% | 3.9% | 3.6% | -0.4% | 0.2% |
| ROA | 2.3% | 2.3% | 4.6% | 3.1% | 1.7% | -5.2% | -16.0% | 0.7% | 0.8% | -0.1% | 0.0% |
| ROIC | 19.7% | 19.7% | 15.8% | 24.9% | 18.7% | -9.0% | -29.8% | 7.7% | 9.6% | 3.0% | 5.9% |
| ROCE | 13.4% | 13.4% | 8.5% | 12.6% | 9.2% | -5.8% | -24.2% | 5.6% | 6.3% | 2.2% | 4.7% |
LYV Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Live Nation Entertainment, Inc. carries a Debt/EBITDA ratio of 5.6x, which is highly leveraged (60% above the sector average of 3.5x). Net debt stands at $5.3B ($12.4B total debt minus $7.1B cash). Interest coverage of 4.3x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 6.84 | 6.84 | 4.25 | 5.70 | 10.08 | 20.53 | 46.59 | 2.51 | 1.68 | 1.38 | 1.36 |
| Debt / EBITDA | 5.63 | 5.63 | 6.02 | 5.27 | 6.57 | — | — | 6.25 | 4.27 | 4.96 | 4.50 |
| Net Debt / Equity | — | 2.93 | 1.12 | 1.49 | 2.74 | 7.09 | 28.29 | 1.22 | 0.27 | 0.29 | 0.46 |
| Net Debt / EBITDA | 2.41 | 2.41 | 1.58 | 1.38 | 1.78 | — | — | 3.04 | 0.67 | 1.02 | 1.53 |
| Debt / FCF | — | 15.99 | 2.07 | 2.49 | 1.41 | 1.59 | — | 22.46 | 0.67 | 1.27 | 1.88 |
| Interest Coverage | 4.26 | 4.26 | 3.27 | 3.61 | 2.76 | -1.16 | -7.19 | 2.18 | 1.93 | 0.91 | 1.45 |
LYV Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 1.00x is below 1.0, meaning current liabilities exceed current assets — though the company's $7.1B cash position helps mitigate short-term liquidity concerns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.00 | 1.00 | 0.99 | 0.96 | 0.98 | 0.97 | 0.96 | 1.02 | 1.03 | 0.88 | 1.09 |
| Quick Ratio | 0.99 | 0.99 | 0.99 | 0.95 | 0.98 | 0.97 | 0.96 | 1.02 | 1.02 | 0.88 | 1.08 |
| Cash Ratio | 0.64 | 0.64 | 0.65 | 0.63 | 0.68 | 0.71 | 0.67 | 0.60 | 0.63 | 0.51 | 0.62 |
| Asset Turnover | — | 1.10 | 1.18 | 1.19 | 1.01 | 0.44 | 0.18 | 1.05 | 1.27 | 1.29 | 1.16 |
| Inventory Turnover | 342.94 | 342.94 | 345.56 | 382.15 | 318.85 | 128.78 | 63.75 | 525.72 | 633.63 | 411.17 | 373.11 |
| Days Sales Outstanding | — | 30.15 | 28.05 | 33.22 | 32.81 | 63.22 | 98.31 | 32.54 | 28.57 | 28.13 | 26.53 |
LYV Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Live Nation Entertainment, Inc. returns 0.1% to shareholders annually primarily through share buybacks.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 2.1% | 1.4% | 0.9% | — | — | — | — | — | — |
| FCF Yield | 0.9% | 1.0% | 3.4% | 4.1% | 9.2% | 6.2% | — | 0.7% | 6.5% | 4.3% | 7.8% |
| Buyback Yield | 0.1% | 0.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.1% | 0.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $232M | $236M | $231M | $232M | $217M | $212M | $210M | $207M | $205M | $202M |
Peer Comparison
Compare LYV with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 LYVYou | $39B | -693.0 | 19.9 | 115.8 | 23.0% | 5.9% | 26.4% | 19.7% | 5.6 |
 MSGE | $3B | 86.6 | 24.0 | 33.9 | 43.2% | 13.0% | — | 8.5% | 6.7 |
 EPR | $4B | 17.6 | 13.7 | 10.5 | 44.7% | 52.5% | 11.8% | 5.3% | 5.8 |
 TM | $247B | 8.3 | 9.7 | — | 19.9% | 10.0% | 13.2% | 5.6% | 5.5 |
 EB | $436M | -41.0 | — | 24.7 | 67.6% | -8.9% | -6.0% | -187.3% | — |
 IMAX | $2B | 56.6 | 13.1 | 16.2 | 57.9% | 23.3% | 8.7% | 12.7% | 1.9 |
 AMC | $930M | -1.2 | 4.7 | — | 75.0% | 38.1% | — | 23.7% | 4.4 |
 CNK | $3B | 26.4 | 12.2 | 18.1 | 18.6% | 11.0% | 27.2% | 7.5% | 7.0 |
 NCLH | $8B | 19.1 | 8.1 | — | 32.0% | 16.2% | 23.3% | 7.5% | 5.3 |
 SPOT | $88B | 34.7 | 31.3 | 26.1 | 32.0% | 12.8% | 31.9% | 40.5% | 1.0 |
 META | $1.6T | 26.3 | 15.8 | 33.9 | 82.0% | 41.4% | 30.2% | 27.6% | 0.8 |
| Communication Services Median | — | 15.4 | 9.0 | 11.8 | 48.3% | 0.7% | 2.2% | 3.0% | 3.5 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonLYV — Frequently Asked Questions
Quick answers to the most common questions about buying LYV stock.
What is Live Nation Entertainment, Inc.'s P/E ratio?
Live Nation Entertainment, Inc.'s current P/E ratio is -693.0x. The historical average is 75.4x.
What is Live Nation Entertainment, Inc.'s EV/EBITDA?
Live Nation Entertainment, Inc.'s current EV/EBITDA is 19.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 14.0x.
What is Live Nation Entertainment, Inc.'s ROE?
Live Nation Entertainment, Inc.'s return on equity (ROE) is 26.4%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is -14.2%.
Is LYV stock overvalued?
Based on historical data, Live Nation Entertainment, Inc. is trading at a P/E of -693.0x. Compare with industry peers and growth rates for a complete picture.
What are Live Nation Entertainment, Inc.'s profit margins?
Live Nation Entertainment, Inc. has 23.0% gross margin and 5.9% operating margin.
How much debt does Live Nation Entertainment, Inc. have?
Live Nation Entertainment, Inc.'s Debt/EBITDA ratio is 5.6x, indicating high leverage. A ratio above 4x may signal elevated financial risk.