Live Nation Entertainment, Inc. (LYV)

Services-Amusement & Recreation Services

Latest Price

$171.49

TTM P/E

Normalized P/E

289.68

Div Yield

Book Value

0.35

P/B Ratio

484.57

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

87% downside

88.9% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	13.52M	$2.48B	5.81%	+36.8K	2026-06-30
STATE STREET CORP	11.39M	$2.08B	4.89%	-1.32M	2026-06-30
FMR LLC	10.70M	$1.96B	4.60%	+2.80M	2026-06-30
VANGUARD CAPITAL MANAGEMENT LLC	10.56M	$1.93B	4.54%	+88.9K	2026-06-30
PRINCIPAL FINANCIAL GROUP INC	9.97M	$1.82B	4.28%	-1.13M	2026-06-30
VANGUARD PORTFOLIO MANAGEMENT LLC	8.21M	$1.50B	3.52%	-152.1K	2026-06-30
Capital International Investors	7.22M	$1.32B	3.10%	+103.6K	2026-06-30
BANK OF AMERICA CORP /DE/	6.67M	$1.22B	2.86%	+106.7K	2026-06-30
Independent Franchise Partners LLP	6.01M	$1.10B	2.58%	+148.7K	2026-06-30
MORGAN STANLEY	4.75M	$869.0M	2.04%	+707.2K	2026-06-30