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Live Nation Entertainment (Live Nation Entertainment) Cyclically Adjusted PB Ratio : 25.95 (As of May. 22, 2024)


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What is Live Nation Entertainment Cyclically Adjusted PB Ratio?

As of today (2024-05-22), Live Nation Entertainment's current share price is $101.98. Live Nation Entertainment's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $3.93. Live Nation Entertainment's Cyclically Adjusted PB Ratio for today is 25.95.

The historical rank and industry rank for Live Nation Entertainment's Cyclically Adjusted PB Ratio or its related term are showing as below:

LYV' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.92   Med: 6.86   Max: 26.34
Current: 25.97

During the past years, Live Nation Entertainment's highest Cyclically Adjusted PB Ratio was 26.34. The lowest was 1.92. And the median was 6.86.

LYV's Cyclically Adjusted PB Ratio is ranked worse than
98.64% of 662 companies
in the Media - Diversified industry
Industry Median: 1.115 vs LYV: 25.97

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Live Nation Entertainment's adjusted book value per share data for the three months ended in Mar. 2024 was $-0.500. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is $3.93 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Live Nation Entertainment Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Live Nation Entertainment's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Live Nation Entertainment Cyclically Adjusted PB Ratio Chart

Live Nation Entertainment Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.78 11.30 21.16 14.22 22.86

Live Nation Entertainment Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 14.82 20.13 19.12 22.86 26.93

Competitive Comparison of Live Nation Entertainment's Cyclically Adjusted PB Ratio

For the Entertainment subindustry, Live Nation Entertainment's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Live Nation Entertainment's Cyclically Adjusted PB Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Live Nation Entertainment's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Live Nation Entertainment's Cyclically Adjusted PB Ratio falls into.



Live Nation Entertainment Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Live Nation Entertainment's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=101.98/3.93
=25.95

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Live Nation Entertainment's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Live Nation Entertainment's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-0.5/131.7762*131.7762
=-0.500

Current CPI (Mar. 2024) = 131.7762.

Live Nation Entertainment Quarterly Data

Book Value per Share CPI Adj_Book
201406 7.290 100.560 9.553
201409 7.499 100.428 9.840
201412 6.446 99.070 8.574
201503 5.932 99.621 7.847
201506 6.184 100.684 8.094
201509 6.580 100.392 8.637
201512 6.109 99.792 8.067
201603 5.837 100.470 7.656
201606 5.852 101.688 7.584
201609 6.296 101.861 8.145
201612 5.518 101.863 7.138
201703 5.435 102.862 6.963
201706 5.951 103.349 7.588
201709 6.668 104.136 8.438
201712 5.677 104.011 7.192
201803 5.447 105.290 6.817
201806 5.563 106.317 6.895
201809 6.287 106.507 7.779
201812 5.230 105.998 6.502
201903 4.981 107.251 6.120
201906 5.567 108.070 6.788
201909 6.109 108.329 7.431
201912 5.362 108.420 6.517
202003 4.057 108.902 4.909
202006 1.609 108.767 1.949
202009 -0.466 109.815 -0.559
202012 -2.164 109.897 -2.595
202103 -3.388 111.754 -3.995
202106 -4.218 114.631 -4.849
202109 -1.805 115.734 -2.055
202112 -2.593 117.630 -2.905
202203 -2.317 121.301 -2.517
202206 -1.822 125.017 -1.921
202209 -0.329 125.227 -0.346
202212 -1.589 125.222 -1.672
202303 -2.014 127.348 -2.084
202306 -0.818 128.729 -0.837
202309 0.967 129.860 0.981
202312 -0.074 129.419 -0.075
202403 -0.500 131.776 -0.500

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Live Nation Entertainment  (NYSE:LYV) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Live Nation Entertainment Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Live Nation Entertainment's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Live Nation Entertainment (Live Nation Entertainment) Business Description

Traded in Other Exchanges
Address
9348 Civic Center Drive, Beverly Hills, CA, USA, 90210
Live Nation is the largest live entertainment firm in the world with over 670 million fans served in 48 countries in 2022 by the company's concert and ticketing platforms. Via either owning, operating, or holding exclusive booking rights, Live Nation controls over 338 venues including the House of Blues. Live Nation also owns one of the largest ticketing services, Ticketmaster, which sold over 550 million tickets for over 12,000 clients in 2022. Its artist management agencies have over 400 clients. This large live entertainment footprint helped Live Nation become one of the largest advertising and sponsorship platforms aimed at music fans. Liberty Media owns 31% of Live Nation, held under its Sirius XM tracking stock. Liberty plans to spin off its stake into a dedicated tracking stock.
Executives
Joe Berchtold officer: Chief Operating Officer C/O LIVE NATION ENTERTAINMENT, INC., 9348 CIVIC CENTER DRIVE, BEVERLY HILLS CA 90210
Jeffrey T. Hinson director 3721 POTOMAC AVE., DALLAS TX 75205
Michael Rowles officer: EVP & General Counsel C/O LIVE NATION, INC., 9348 CIVIC CENTER DRIVE, BEVERLY HILLS CA 90210
Richard A. Paul director 80 PINE STREET, SUITE 3202, NEW YORK NY 10005
Jimmy Iovine director C/O LIVE NATION ENTERTAINMENT, INC., 9348 CIVIC CENTER DRIVE, BEVERLY HILLS CA 90210
Michael Rapino director, officer: Chief Executive Officer 9348 CIVIC CENTER DRIVE, FOURTH FLOOR, BEVERLY HILLS CA 90210
Brian Capo officer: Chief Accounting Officer C/O LIVE NATION, INC., 9348 CIVIC CENTER DRIVE, BEVERLY HILLS CA 90210
James S Kahan director 175 E HOUSTON STREET, --, SAN ANTONIO TX 78205-2233
John Hopmans officer: EVP, M&A and Strategic Finance C/O LIVE NATION ENTERTAINMENT, INC., 9348 CIVIC CENTER DRIVE, BEVERLY HILLS CA 90210
Latriece Watkins director C/O LIVE NATION ENTERTAINMENT, INC., 9348 CIVIC CENTER DRIVE, BEVERLY HILLS CA 90210
Elizabeth Kathleen Willard officer: Chief Accounting Officer 2000 WEST LOOP SOUTH, SUITE 1300, HOUSTON TX 77027
Chad Hollingsworth director 6262 SUNSET DRIVE, MIAMI FL 33143
Ping Fu director C/O LIVE NATION ENTERTAINMENT, INC., 9348 CIVIC CENTER DRIVE, BEVERLY HILLS CA 90210
Ariel Emanuel director C/O SOURCE INTERLINK COMPANIES, INC., 27500 RIVERVIEW CENTER BLVD, SUITE 400, BONITA SPRINGS FL 34134
Enloe Robert Ted Iii director LEGGETT & PLATT, INCORPORATED, NO. 1 LEGGETT ROAD, CARTHAGE MO 64836