Live Nation Entertainment
Financial ratios & Valuation

Forward Multiples (2025 – 2028)

2025202620272028
Price/Earnings ratio
64.0353.7341.6226.92
Price/Sales ratio
1.351.251.181.15
Earnings per Share (EPS)
$2.54$3.03$3.91$6.05

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
-53.82-75.17-114.34-89.33-578.80127.01-8.53-42.7038.3137.99106.06-578.80
Price/Sales ratio
0.750.680.640.840.941.308.384.140.930.940.941.30
Price/Book Value ratio
4.003.994.777.389.2913.10-33.06-44.61-42.65-1.24K-42.9213.10
Price/Cash Flow ratio
19.2716.448.9914.0010.8531.96-14.4014.598.5515.618.6131.96
Price/Free Cash Flow ratio
41.0531.3012.8723.3515.33144.43-11.9416.0310.6023.8910.66144.43
Price/Earnings Growth ratio
-0.432.303.77-0.827.03-0.160.000.63-0.23-1.570.760.76
Dividend Yield
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Profitability Indicator Ratios
Gross Profit Margin
28.35%28.28%27.19%25.04%26.13%26.67%24.64%30.50%26.03%23.98%26.03%26.67%
Operating Profit Margin
0.10%1.81%2.33%0.88%2.52%2.81%-88.79%-6.59%4.38%4.68%4.19%2.52%
Pretax Profit Margin
-1.45%0.08%0.57%-0.09%1.21%1.60%-99.75%-9.75%3.03%3.93%3.03%1.21%
Net Profit Margin
-1.40%-0.90%-0.56%-0.94%-0.16%1.02%-98.20%-9.71%2.45%2.47%0.89%-0.16%
Effective Tax Rate
-4.63%348.21%57.99%182.87%31.09%36.13%1.55%0.40%19.04%17.91%19.04%36.13%
Return on Assets
-1.61%-1.06%-0.69%-1.30%-0.20%1.07%-17.26%-4.22%2.48%2.95%0.90%-0.20%
Return On Equity
-7.43%-5.31%-4.17%-8.26%-1.60%10.31%387.43%104.48%-111.32%-3284.81%-43.42%10.31%
Return on Capital Employed
0.18%3.23%4.52%2.32%5.74%4.72%-24.33%-5.48%8.97%11.69%8.58%5.74%
Liquidity Ratios
Current Ratio
1.121.081.080.881.021.020.96N/AN/AN/A0.981.02
Quick Ratio
1.121.081.080.871.021.010.950.970.970.950.851.01
Cash ratio
0.680.620.620.510.630.600.660.710.670.620.670.63
Days of Sales Outstanding
22.2822.7924.8525.6028.5732.5395.4562.1032.0633.9032.8128.57
Days of Inventory outstanding
0.951.010.900.820.570.695.722.831.140.951.140.57
Operating Cycle
23.2323.8125.7626.4329.1433.23101.1864.9333.2034.859.2333.23
Days of Payables Outstanding
54.3250.6846.8948.7151.644.3222.479.265.325.6458.3151.64
Cash Conversion Cycle
-31.08-26.87-21.13-22.28-22.4928.9178.7055.6627.8829.20-25.2128.91
Debt Ratios
Debt Ratio
0.340.330.340.300.330.310.470.400.360.350.950.33
Debt Equity Ratio
1.591.652.051.942.562.99-10.63-10.04-16.44-393.37-42.702.99
Long-term Debt to Capitalization
0.600.610.660.620.710.741.101.121.071.001.050.71
Total Debt to Capitalization
0.610.620.670.660.710.741.101.111.061.001.050.71
Interest Coverage Ratio
1.381.421.830.842.042.04-7.28N/AN/AN/A2.512.04
Cash Flow to Debt Ratio
0.130.140.250.270.330.13-0.210.300.300.200.230.13
Company Equity Multiplier
4.614.976.006.357.739.57-22.44-24.71-44.78-1.11K-44.789.57
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.030.040.070.060.080.04-0.580.280.100.060.100.08
Free Cash Flow / Operating Cash Flow Ratio
0.460.520.690.590.700.221.200.910.800.650.800.70
Cash Flow Coverage Ratio
0.130.140.250.270.330.13-0.210.300.300.200.230.13
Short Term Coverage Ratio
5.677.0811.201.7911.462.94-6.742.512.401.062.402.94
Dividend Payout Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A