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Live Nation Entertainment (LYV) has drawn fresh attention after recent share moves, with the stock up about 1.9% over the past day but showing mixed returns over the past week and month.
See our latest analysis for Live Nation Entertainment.
That short term pullback, with a 7 day share price return of 3.2% decline and 30 day share price return of 2.2% decline, sits against a much stronger backdrop. The 3 year total shareholder return of 84.3% and 5 year total shareholder return of 67.3% suggest long term holders have seen far better results than recent trading implies.
If Live Nation’s recent moves have you thinking about where growth and risk might look different, it could be worth scanning 22 top founder-led companies as a fresh hunting ground for ideas.
With Live Nation trading at $140.84 and sitting roughly 3% below one intrinsic estimate and about 21% below analyst targets, you have to ask yourself: is this a genuine opening, or is future growth already baked in?
With Live Nation closing at $140.84 against a narrative fair value of $169.48, the current price sits meaningfully below that central estimate built on detailed long term forecasts.
In order for the above numbers to justify the analysts price target, the company would need to trade at a PE ratio of 56.9x on those 2028 earnings, down from 72.1x today. This future PE is greater than the current PE for the US Entertainment industry at 39.3x.
Want to see what sits behind that richer future earnings multiple and higher cash flow expectations, and how revenue growth and margins are threaded together in this narrative? The full set of assumptions, including how long earnings expansion is projected to run and what discount rate keeps the present value at $169.48, only becomes clear when you read it in context.
Result: Fair Value of $169.48 (UNDERVALUED)
Have a read of the narrative in full and understand what’s behind the forecasts.
However, that story can change quickly if regulatory or antitrust actions bite harder than expected, or if ticketing growth continues to lag the concert business.
Find out about the key risks to this Live Nation Entertainment narrative.
Those cash flow and narrative models point to Live Nation looking 3.3% to 16.9% undervalued around $140.84. But on earnings, the picture flips. The current P/E of 101.5x is far above the estimated fair ratio of 40.6x, the US Entertainment industry at 26.1x, and peers at 58.9x.
Put simply, the share price is already asking you to pay a lot more for each dollar of earnings than both the sector and similar companies. This raises the question: are you comfortable considering the possibility that the story will stay strong enough for the market to keep paying this kind of premium?
See what the numbers say about this price — find out in our valuation breakdown.
NYSE:LYV P/E Ratio as at Feb 2026
If you find yourself questioning this view or simply prefer working from the raw numbers, you can pull the data, stress test the assumptions, and shape a version that fits your own thesis in just a few minutes, Do it your way.
A great starting point for your Live Nation Entertainment research is our analysis highlighting 4 key rewards and 1 important warning sign that could impact your investment decision.
If Live Nation is on your radar, do not stop here; broaden your watchlist with focused stock ideas that match different goals and risk comfort levels.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include LYV.
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