Live Nation Entertainment, Inc. (LYV) Key Metrics
LYV valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $39.72B
- Enterprise value
- $41.59B
- P/E (TTM)
- — 10-yr median 63.6
- Forward P/E
- 119.0
- PEG ratio
- 4.41
- Price / sales
- 1.5 10-yr median 1.1
- Price / book
- 478.3 10-yr median 15.2
- EV / EBITDA
- 24.6 10-yr median 16.6
- Dividend yield
- —
- Beta
- 1.17
LYV key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsLYV valuation Price multiples at each fiscal year-end price.
LYV returns How much profit the business earns on the capital it uses.
LYV per-share figures Results divided by the shares outstanding at year-end.
LYV financial health Debt, liquidity and how easily interest is covered.
LYV efficiency & capital use Working capital cycle and where the cash goes.
LYV valuation history
LYV returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
LYV debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
LYV cash returned to shareholders
LYV price vs earnings per share
LYV key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $33.04B | $30.61B | $21.62B | $16.15B | $26.00B | $15.60B | $15.01B | $10.22B | $8.72B | $5.38B |
| Enterprise value | $36.34B | $32.78B | $23.83B | $18.24B | $28.57B | $19.74B | $17.47B | $10.66B | $9.20B | $6.16B |
| P/E ratio | 66.6 | 34.1 | 38.8 | 60.6 | — | — | 214.8 | 169.6 | — | — |
| Price / sales | 1.3 | 1.3 | 1.0 | 1.0 | 4.1 | 8.4 | 1.3 | 0.9 | 0.9 | 0.7 |
| Price / book | 18.2 | 15.7 | 14.6 | 21.1 | 71.5 | 112.5 | 7.8 | 6.1 | 5.2 | 3.2 |
| Price / free cash flow | 108.3 | 29.1 | 24.4 | 10.9 | 16.0 | — | 144.4 | 15.3 | 23.3 | 12.8 |
| Price / operating cash flow | 23.7 | 17.7 | 15.9 | 8.8 | 14.6 | — | 32.0 | 10.9 | 14.0 | 9.0 |
| EV / sales | 1.4 | 1.4 | 1.0 | 1.1 | 4.6 | 10.6 | 1.5 | 1.0 | 0.9 | 0.8 |
| EV / EBITDA | 18.3 | 20.3 | 13.4 | 15.0 | 326.7 | — | 22.2 | 16.2 | 16.6 | 11.0 |
| EV / free cash flow | 119.1 | 31.2 | 26.8 | 12.3 | 17.6 | — | 168.1 | 16.0 | 24.6 | 14.7 |
| Earnings yield | 1.5% | 2.9% | 2.6% | 1.6% | −2.5% | −11.1% | 0.5% | 0.6% | −0.1% | 0.1% |
| Free cash flow yield | 0.9% | 3.4% | 4.1% | 9.2% | 6.2% | −8.4% | 0.7% | 6.5% | 4.3% | 7.8% |
| Dividend yield | — | — | — | 0.5% | 0.2% | 0.1% | 0.0% | 0.6% | 0.5% | 1.0% |
| Shareholder yield (dividends + buybacks) | 0.1% | 0.0% | 0.0% | 1.0% | 0.4% | 0.4% | 0.1% | 1.1% | 0.6% | 1.1% |
| Share price at fiscal year-end | $142.50 | $129.50 | $93.60 | $69.74 | $119.69 | $73.48 | $71.47 | $49.25 | $42.57 | $26.60 |
| Per share | ||||||||||
| Revenue per share | $108.70 | $97.97 | $98.39 | $72.04 | $28.86 | $8.77 | $54.97 | $52.00 | $47.27 | $38.73 |
| Earnings per share | $2.14 | $3.79 | $2.41 | $1.15 | −$3.00 | −$8.12 | $0.33 | $0.29 | −$0.03 | $0.01 |
| Operating cash flow per share | $6.02 | $7.30 | $5.90 | $7.92 | $8.20 | −$5.10 | $2.24 | $4.54 | $3.04 | $2.96 |
| Free cash flow per share | $1.32 | $4.44 | $3.84 | $6.40 | $7.46 | −$6.15 | $0.49 | $3.21 | $1.83 | $2.07 |
| Cash per share | $30.65 | $25.79 | $26.98 | $24.21 | $22.49 | $11.96 | $11.76 | $11.43 | $8.91 | $7.55 |
| Book value per share | $7.85 | $8.23 | $6.41 | $3.30 | $1.67 | $0.65 | $9.11 | $8.06 | $8.11 | $8.40 |
| Tangible book value per share | −$10.86 | −$7.03 | −$11.90 | −$13.76 | −$16.68 | −$15.15 | −$6.30 | −$5.69 | −$5.81 | −$6.09 |
| Dividends per share | — | — | — | $0.33 | $0.21 | $0.08 | $0.01 | $0.29 | $0.22 | $0.27 |
| Capex per share | $4.70 | $2.86 | $2.06 | $1.53 | $0.74 | $1.05 | $1.74 | $1.33 | $1.22 | $0.89 |
| Debt per share | $44.88 | $35.00 | $36.53 | $33.25 | $34.35 | $31.45 | $23.45 | $13.57 | $11.22 | $11.45 |
| Shares outstanding | 231.8M | 236.4M | 231.0M | 231.6M | 217.2M | 212.3M | 210.1M | 207.4M | 204.9M | 202.1M |
| Change in shares outstanding | −1.9% | +2.3% | −0.3% | +6.6% | +2.3% | +1.0% | +1.3% | +1.2% | +1.4% | +0.5% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 26.4% | 52.3% | 49.6% | 47.3% | −259.2% | −168.1% | 3.9% | 3.6% | −0.4% | 0.2% |
| Return on invested capital (ROIC) | 21.5% | 21.1% | 25.6% | 19.0% | −9.1% | −30.2% | 6.4% | 8.8% | 3.1% | 3.9% |
| Return on assets (ROA) | 2.3% | 4.6% | 3.1% | 1.7% | −5.2% | −16.0% | 0.7% | 0.8% | −0.1% | 0.0% |
| Return on tangible assets | 2.7% | 5.6% | 3.8% | 2.1% | −6.2% | −23.8% | 0.9% | 1.1% | −0.1% | 0.1% |
| Free cash flow margin | 1.2% | 4.5% | 3.9% | 8.9% | 25.9% | −70.2% | 0.9% | 6.2% | 3.9% | 5.3% |
| Income quality (OCF / net income) | 2.81 | 1.92 | 2.45 | 6.89 | — | — | 6.72 | 15.63 | — | 203.51 |
| Financial health | ||||||||||
| Total debt | $10.40B | $8.27B | $8.44B | $7.70B | $7.46B | $6.68B | $4.93B | $2.82B | $2.30B | $2.31B |
| Cash & short-term investments | $7.11B | $6.10B | $6.23B | $5.61B | $4.88B | $2.54B | $2.47B | $2.37B | $1.83B | $1.53B |
| Net debt | $3.30B | $2.18B | $2.21B | $2.09B | $2.58B | $4.14B | $2.46B | $443.5M | $474.6M | $786.5M |
| Debt / equity | 5.72 | 4.25 | 5.70 | 10.08 | 20.53 | 48.13 | 2.58 | 1.68 | 1.38 | 1.36 |
| Debt / assets | 0.45 | 0.42 | 0.44 | 0.47 | 0.52 | 0.63 | 0.45 | 0.33 | 0.31 | 0.34 |
| Net debt / EBITDA | 1.66 | 1.35 | 1.24 | 1.72 | 29.45 | — | 3.12 | 0.67 | 0.86 | 1.41 |
| Current ratio | 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 | 0.96 | 0.98 | 0.97 | 0.96 | 1.02 | 1.02 | 0.88 | 1.08 |
| Interest coverage | 4.7 | 2.5 | 3.1 | 2.6 | -1.5 | -7.3 | 2.1 | 1.9 | 0.8 | 1.8 |
| Working capital | −$54.5M | −$68.1M | −$382.1M | −$143.8M | −$171.6M | −$146.8M | $85.3M | $98.2M | −$424.3M | $213.2M |
| Invested capital | $5.12B | $4.12B | $3.69B | $2.86B | $2.94B | $4.28B | $4.37B | $2.12B | $2.14B | $2.48B |
| Tangible asset value | −$2.52B | −$1.66B | −$2.75B | −$3.19B | −$3.62B | −$3.22B | −$1.32B | −$1.18B | −$1.19B | −$1.23B |
| Net current asset value | −$10.12B | −$8.40B | −$8.02B | −$7.54B | −$7.35B | −$6.80B | −$4.87B | −$2.98B | −$2.69B | −$2.39B |
| Graham number | $19.43 | $26.50 | $18.65 | $9.24 | — | — | $8.26 | $7.26 | — | $1.66 |
| Graham net-net per share | −$53.47 | −$43.42 | −$42.23 | −$38.75 | −$38.39 | −$35.51 | −$27.66 | −$18.38 | −$16.90 | −$15.37 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | $76.9M | $45.8M | $16.9M | $1.2M | $59.2M | $46.0M | $55.1M |
| Share buybacks (net) | $23.5M | $0 | $9.5M | $76.9M | $45.8M | $47.5M | $15.4M | $55.0M | $5.5M | $4.1M |
| Dividend payout ratio | — | — | — | 28.9% | — | — | 1.8% | 98.2% | — | — |
| Dividends + buybacks / free cash flow | 7.7% | 0.0% | 1.1% | 10.4% | 5.7% | — | 16.0% | 17.1% | 13.8% | 14.1% |
| Capex / revenue | 4.3% | 2.9% | 2.1% | 2.1% | 2.5% | 12.0% | 3.2% | 2.6% | 2.6% | 2.3% |
| Capex / operating cash flow | 78.1% | 39.1% | 34.9% | 19.3% | 9.0% | — | 77.9% | 29.3% | 40.0% | 30.1% |
| Capex / depreciation | 1.71 | 1.23 | 0.92 | 0.79 | 0.38 | 0.46 | 0.82 | 0.71 | 0.55 | 0.45 |
| Stock-based compensation / revenue | 0.6% | 0.5% | 0.5% | 0.7% | 3.3% | 6.3% | 0.4% | 0.4% | 0.4% | 0.4% |
| R&D / revenue | — | — | — | 0.1% | 0.3% | — | — | — | — | — |
| SG&A / revenue | 21.0% | 17.7% | 15.7% | 17.7% | 27.9% | 82.7% | 18.8% | 18.8% | 20.1% | 20.2% |
| Efficiency | ||||||||||
| Days sales outstanding | 27.7 | 30.4 | 28.7 | 27.7 | 45.2 | 148.7 | 29.6 | 26.6 | 24.4 | 23.8 |
| Days of inventory on hand | 1.0 | 1.0 | 0.9 | 1.1 | 2.3 | 5.0 | 0.6 | 0.7 | 0.8 | 1.0 |
| Days payables outstanding | 38.1 | 22.4 | 4.7 | 4.3 | 8.3 | 155.2 | 48.1 | 49.5 | 46.1 | 48.6 |
| Cash conversion cycle (days) | -9.4 | 9.0 | 24.9 | 24.5 | 39.3 | -1.6 | -17.9 | -22.3 | -20.9 | -23.9 |
| Receivables turnover | 13.16 | 12.00 | 12.70 | 13.18 | 8.07 | 2.46 | 12.32 | 13.74 | 14.97 | 15.32 |
| Payables turnover | 9.57 | 16.29 | 77.09 | 84.95 | 44.23 | 2.35 | 7.58 | 7.37 | 7.91 | 7.50 |
| Inventory turnover | 363.61 | 363.71 | 411.38 | 340.38 | 156.06 | 73.61 | 590.44 | 530.45 | 440.86 | 382.29 |
| Asset turnover | 1.18 | 1.20 | 1.28 | 1.08 | 0.50 | 0.17 | 1.19 | 1.35 | 1.36 | 1.21 |
| Average receivables | $1.91B | $1.93B | $1.79B | $1.27B | $776.7M | $758.1M | $937.0M | $784.9M | $647.1M | $510.8M |
| Average payables | $2.03B | $1.06B | $223.8M | $145.3M | $98.5M | $596.2M | $1.12B | $1.08B | $907.9M | $751.5M |
| Average inventory | $53.4M | $47.6M | $41.9M | $36.3M | $27.9M | $19.1M | $14.3M | $15.0M | $16.3M | $14.8M |
| Intangibles / total assets | 18.9% | 18.4% | 22.2% | 24.0% | 27.7% | 31.7% | 29.5% | 33.6% | 38.0% | 43.3% |
Computed from LYV's annual financial statements (latest annual report filed February 19, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
LYV valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Live Nation traded at 66.6 times earnings, against a 10-year median of 63.6. Live Nation earned a return on equity of 26.4% and a return on invested capital of 21.5% in fiscal 2025. It ended the year with $10.4 billion of debt and $7.1 billion in cash and short-term investments, net debt of $3.3 billion. It returned $23.5 million to shareholders: $0 in dividends and $23.5 million in share buybacks, 8% of free cash flow. The share count rose 14.7% from 202.1M to 231.8M over 9 years.
See the LYV income statement, the LYV chart for price history, or the LYV stock overview for the latest quote and news.
LYV key metrics FAQ
What is Live Nation's P/E ratio?
Live Nation traded at 66.6 times earnings at the end of fiscal 2025.
What is Live Nation's EV/EBITDA?
Live Nation's enterprise value was 18.3 times EBITDA at the end of fiscal 2025 (enterprise value $36.3 billion, EBITDA $2.0 billion); the current EV/EBITDA is 24.6.
What is Live Nation's return on equity?
Live Nation's return on equity (ROE) was 26.4% in fiscal 2025: net income of $496.0 million on average shareholders' equity of $1.9 billion.
What is Live Nation's ROIC?
Live Nation's return on invested capital was 21.5% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Live Nation have?
Live Nation had total debt of $10.4 billion at the end of fiscal 2025, a debt-to-equity ratio of 5.72 and $3.3 billion of net debt (1.66 times EBITDA).
Does Live Nation buy back its shares?
Yes. Live Nation spent $23.5 million on net share repurchases in fiscal 2025 Shares outstanding changed −1.9% over the year, to 231.8M..
What is Live Nation's free cash flow yield?
Live Nation generated $305.0 million of free cash flow in fiscal 2025, a free cash flow yield of 0.9% on its market value at year-end ($33.0 billion).
What is Live Nation's current ratio?
Live Nation's current ratio was 1.00 at the end of fiscal 2025: current assets were 1.00 times current liabilities.