---
title: Live Nation Entertainment (LYV) — intrinsic value and fair price
canonical: https://sweetvaluelab.com/stocks/lyv
ticker: LYV
as_of: 2026-10-17
sector: Communication Services
industry: Entertainment
---
# Live Nation Entertainment (LYV)

Live Nation Entertainment (LYV) closed at $170.51 on Oct 16, 2026, overvalued by 65% vs its model value of $103.08 (from a five-year discounted cash flow).

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $170.51 (Oct 16, 2026) |
| Model value (from a five-year discounted cash flow) | $103.08 |
| Price vs model | overvalued by 65% vs model |
| Range of that model | $67.13 – $220.86 |
| Market value | $39.7B |
| P/E (fiscal 2025) | — |
| Net margin (fiscal 2025) | 2.0% |
| Free cash flow (fiscal 2025) | $333.6M |
| Dividend yield (trailing twelve months) | 0.00% |
| Beta | 1.17 |
| Cost of capital (WACC) | 8.63% |
| Business classification | Mature & Stable (Low/slowing growth (~5% recent), Decelerated from ~68% 5y CAGR, Thin margins (2.0% net margin), Highly cyclical earnings, High leverage (D/E 30.3x)) |

## Valuation models

Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026.

| Model | Role | Value per share | Low | High |
| --- | --- | ---: | ---: | ---: |
| DCF · Perpetuity growth · 5y | primary | $103.08 | $67.13 | $220.86 |
| DCF · Perpetuity growth · 10y | cross check | $116.43 | $77.07 | $243.83 |
| DCF · EBITDA exit · 5y | cross check | $163.13 | $114.17 | $220.78 |
| DCF · EBITDA exit · 10y | cross check | $170.11 | $115.51 | $243.07 |
| EV/EBITDA · peers | cross check | $119.09 | $112.58 | $181.83 |
| EV/Revenue · peers | cross check | $454.58 | $266.86 | $537.15 |
| Earnings power value | cross check | $0.00 | $0.00 | $0.00 |
| Dividend discount | cross check | $0.00 | $0.00 | $0.00 |

## Insider activity (SEC Form 4)

Past 90 days: 0 open-market buys ($0) and 1 open-market sale ($533,600); 10b5-1 plan sales included.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| Oct 1, 2026 | Rapino Michael | President & CEO | Grant / award | 117,805 | — |
| Aug 24, 2026 | Capo Brian | Chief Accounting Officer | Open-market sell | 2,900 | $533,600 |
| Aug 6, 2026 | Rapino Michael | President & CEO | Tax withholding | 16,251 | $3.0M |
| Aug 6, 2026 | Berchtold Joe | President & CFO | Tax withholding | 10,834 | $2.0M |
| Aug 6, 2026 | Hopmans John | EVP, M&A and Strategic Finance | Tax withholding | 3,970 | $721,626.9 |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Oct 16, 2026 | 8-K | 1.01 Entry into a Material Agreement; 2.03 Creation of a Direct Financial Obligation; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1335258/000133525826000048/lyv-20261015.htm |
| Oct 9, 2026 | 8-K | 8.01 Other Events; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1335258/000133525826000046/lyv-20261007.htm |
| Oct 2, 2026 | 8-K | 5.02 Departure/Election of Directors or Officers; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1335258/000133525826000041/lyv-20260930.htm |
| Sep 25, 2026 | 8-K | 5.02 Departure/Election of Directors or Officers; 8.01 Other Events; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1335258/000133525826000038/lyv-20260925.htm |
| Jul 30, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/1335258/000133525826000035/lyv-20260630.htm |

## Superinvestors holding it (latest 13F)

| Manager | Quarter | Shares | Value |
| --- | --- | ---: | ---: |
| Loeb | 2026-06-30 | 1,135,000 | $207.8M |
| Sarah Ketterer | 2026-06-30 | 706,301 | $129.3M |
| Pat Dorsey | 2026-06-30 | 655,658 | $120.1M |
| ValueAct | 2026-06-30 | 302,066 | $55.3M |

8 tracked managers in all.

## About

Live Nation Entertainment, Inc., incorporated in 2005 and formerly known as Live Nation, Inc. until its name change in January 2010, is a global leader in live entertainment, headquartered in Beverly Hills, California. The company's diverse operations are organized into three primary business segments: Concerts, Ticketing, and Sponsorship & Advertising. The Concerts segment is responsible for organizing and promoting live musical performances, utilizing its extensive portfolio of owned or managed venues, as well as various rented third-party locations. This division also oversees the management and operation of music venues, produces major music festivals, develops related content, and offers management and other support services to artists. Through its Ticketing segment, Live Nation manages a comprehensive suite of ticketing operations. This includes supplying advanced ticketing softwar…

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Source: https://sweetvaluelab.com/stocks/lyv (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.