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 $46.98 per share. The share price was $170.87 on September 25, 2026, 264% 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% | $28.33 | -83% |
| Base | 15.0% | 9.0% | $46.98 | -73% |
| Bull | 20.0% | 8.0% | $81.72 | -52% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $61.11 | $65.51 | $70.89 | $77.62 | $86.27 |
| 8.0% | $50.50 | $53.35 | $56.73 | $60.78 | $65.73 |
| 9.0% | $42.78 | $44.73 | $46.98 | $49.61 | $52.72 |
| 10.0% | $36.92 | $38.31 | $39.89 | $41.68 | $43.76 |
| 11.0% | $32.34 | $33.36 | $34.50 | $35.78 | $37.23 |
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