Live Nation Entertainment, Inc. (LYV)

Services-Amusement & Recreation Services

Latest Price

$174.13

TTM P/E

Normalized P/E

433.05

Div Yield

Book Value

2.25

P/B Ratio

77.39

Valuation metrics

Norm. op. income: $732M (median of 7yr)

Tax rate: 26%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$20.81

88% downside

Base FCF: $1.1B (median of recent 5yr)

Growth: -12%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$21.56

88% downside

84.0% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	13.48M	$2.06B	5.80%	+229.3K	2026-03-31
STATE STREET CORP	12.70M	$1.94B	5.47%	+1.59M	2026-03-31
PRINCIPAL FINANCIAL GROUP INC	11.10M	$1.69B	4.77%	+367.6K	2026-03-31
VANGUARD CAPITAL MANAGEMENT LLC	10.47M	$1.60B	4.51%	--	2026-03-31
CANADA PENSION PLAN INVESTMENT BOARD	8.80M	$1.34B	3.79%	-635.2K	2026-03-31
VANGUARD PORTFOLIO MANAGEMENT LLC	8.36M	$1.27B	3.60%	--	2026-03-31
FMR LLC	7.90M	$1.20B	3.40%	+925.1K	2026-03-31
Capital International Investors	7.11M	$1.08B	3.06%	+6.85M	2026-03-31
BANK OF AMERICA CORP /DE/	6.56M	$1.00B	2.82%	+48.8K	2026-03-31
Independent Franchise Partners LLP	5.86M	$894.0M	2.52%	+131.0K	2026-03-31