What is Live Nation Entertainment, Inc. worth?
With the base-case assumptions below, a discounted cash flow model on Live Nation Entertainment, Inc.'s reported free cash flow gives $41.11 per share. The share price was $176.55 on November 10, 2026, 330% above that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 10.0% | 10.0% | $22.45 | -87% |
| Base | 15.0% | 9.0% | $41.11 | -77% |
| Bull | 20.0% | 8.0% | $75.84 | -57% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $55.23 | $59.63 | $65.02 | $71.75 | $80.40 |
| 8.0% | $44.62 | $47.48 | $50.85 | $54.90 | $59.85 |
| 9.0% | $36.90 | $38.85 | $41.11 | $43.73 | $46.84 |
| 10.0% | $31.05 | $32.43 | $34.01 | $35.81 | $37.88 |
| 11.0% | $26.47 | $27.48 | $28.62 | $29.90 | $31.35 |
Where the presets come from
Base: years 1 to 5 grow at Live Nation Entertainment, Inc.'s revenue growth rate over the last 5 fiscal years (68.4% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions