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Live Nation Entertainment Inc
NYSE:LYV

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Live Nation Entertainment Inc
NYSE:LYV
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Price: 153.37 USD -1.74% Market Closed
Market Cap: $35.6B

EV/EBITDA

19.5
Current
31%
More Expensive
vs 3-y average of 14.9

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
19.5
=
Enterprise Value
$38.1B
/
EBITDA
$1.9B

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
19.5
=
Enterprise Value
$38.1B
/
EBITDA
$1.9B

Valuation Scenarios

Live Nation Entertainment Inc is trading above its 3-year average

If EV/EBITDA returns to its 3-Year Average (14.9), the stock would be worth $117.36 (23% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-41%
Maximum Upside
No Upside Scenarios
Average Downside
29%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 19.5 $153.37
0%
3-Year Average 14.9 $117.36
-23%
5-Year Average 14.9 $117.36
-23%
Industry Average 11.4 $89.74
-41%
Country Average 14.4 $113.06
-26%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
$38.1B
/
Jan 2026
$1.9B
=
19.5
Current
$38.1B
/
Dec 2026
$2.6B
=
14.7
Forward
$38.1B
/
Dec 2027
$2.9B
=
13
Forward
$38.1B
/
Dec 2028
$3.3B
=
11.5
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
US
Live Nation Entertainment Inc
NYSE:LYV
36.1B USD 19.5 -654.8
US
Netflix Inc
NASDAQ:NFLX
389.8B USD 12.6 29.1
US
Walt Disney Co
NYSE:DIS
188B USD 11.4 15.3
LU
Spotify Technology SA
NYSE:SPOT
107.5B USD 35.9 41.2
US
Warner Bros Discovery Inc
NASDAQ:WBD
67.7B USD 5.1 93.2
NL
Universal Music Group NV
AEX:UMG
36.8B EUR 16 24
US
TKO Group Holdings Inc
NYSE:TKO
35.5B USD 25.2 155.2
US
Roku Inc
NASDAQ:ROKU
16.9B USD 219.4 191.4
FR
Bollore SE
PAR:BOL
14.2B EUR -44.2 40.7
US
Warner Music Group Corp
NASDAQ:WMG
15.4B USD 13.6 51.4
CN
Tencent Music Entertainment Group
NYSE:TME
14.8B USD 8.6 9.2
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
US
Live Nation Entertainment Inc
NYSE:LYV
Average EV/EBITDA: 36.7
19.5
21%
0.9
US
Netflix Inc
NASDAQ:NFLX
12.6
-7%
N/A
US
Walt Disney Co
NYSE:DIS
11.4
11%
1
LU
Spotify Technology SA
NYSE:SPOT
35.9
30%
1.2
US
Warner Bros Discovery Inc
NASDAQ:WBD
5.1
-23%
N/A
NL
Universal Music Group NV
AEX:UMG
16
14%
1.1
US
TKO Group Holdings Inc
NYSE:TKO
25.2
22%
1.1
US
Roku Inc
NASDAQ:ROKU
219.4
147%
1.5
FR
Bollore SE
PAR:BOL
Negative Multiple: -44.2 N/A N/A
US
Warner Music Group Corp
NASDAQ:WMG
13.6
15%
0.9
CN
Tencent Music Entertainment Group
NYSE:TME
8.6
16%
0.5

Market Distribution

In line with most companies in the United States of America
Percentile
66th
Based on 9 875 companies
66th percentile
19.5
Low
0 — 10
Typical Range
10 — 21.5
High
21.5 —
Distribution Statistics
the United States of America
Min 0
30th Percentile 10
Median 14.4
70th Percentile 21.5
Max 1 767 274.1

Live Nation Entertainment Inc
Glance View

Live Nation Entertainment Inc. stands at the crossroads of live entertainment and ticketing, with a unique ability to shape the cultural and economic landscape of the music and events industry. Born from the 2010 merger of Live Nation and Ticketmaster, the company has leveraged its dual strengths in promoting live concerts and managing ticket sales to become a formidable player. The organization operates through its four primary segments: Concerts, Ticketing, Sponsorship & Advertising, and Artist Nation. Concerts take center stage in its business model, with Live Nation promoting over 40,000 events annually, ranging from intimate club shows to vast international festivals. The company owns and operates numerous venues across the globe, ensuring it has both the infrastructure and the relationships to maximize attendance and artist satisfaction. Central to Live Nation's revenue generation is its Ticketing division, primarily through the Ticketmaster brand, the world’s leading platform for ticket sales. This segment generates income from service fees on ticket sales for its events and those of third-party clients. By using Ticketmaster’s vast database, Live Nation not only sells tickets but also mines consumer data to better target its services and refine its offerings. This precision allows it to optimize its Sponsorship & Advertising arm, creating targeted opportunities for brands to reach engaged, passionate audiences. Finally, through Artist Nation, the company offers artist management services that ensure a seamless experience for the artists it represents. In essence, Live Nation thrives by creating an ecosystem that supports artists, engages fans, and attracts corporate partnerships, all while ensuring that the spectacle of live events remains as compelling as ever.

LYV Intrinsic Value
121.16 USD
Overvaluation 21%
Intrinsic Value
Price $153.37
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