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Live Nation Entertainment (LTS:0JVD) Cyclically Adjusted Book per Share : $3.70 (As of Jun. 2024)


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What is Live Nation Entertainment Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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 for the three months ended in Jun. 2024 was $-0.188. 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 $3.70 for the trailing ten years ended in Jun. 2024.

During the past 12 months, Live Nation Entertainment's average Cyclically Adjusted Book Growth Rate was -18.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -14.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -11.60% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was -8.10% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Live Nation Entertainment was -4.50% per year. The lowest was -14.20% per year. And the median was -7.00% per year.

As of today (2024-10-31), Live Nation Entertainment's current stock price is $117.51. Live Nation Entertainment's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 was $3.70. Live Nation Entertainment's Cyclically Adjusted PB Ratio of today is 31.76.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Live Nation Entertainment was 31.63. The lowest was 2.19. And the median was 8.29.


Live Nation Entertainment Cyclically Adjusted Book per Share Historical Data

The historical data trend for Live Nation Entertainment's Cyclically Adjusted Book per Share 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 Book per Share Chart

Live Nation Entertainment Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.21 6.37 5.65 4.86 4.12

Live Nation Entertainment Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Cyclically Adjusted Book per Share 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 4.51 4.34 4.12 3.95 3.70

Competitive Comparison of Live Nation Entertainment's Cyclically Adjusted Book per Share

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 Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

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

Adj_Book= Book Value per Share /CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=-0.188/132.5538*132.5538
=-0.188

Current CPI (Jun. 2024) = 132.5538.

Live Nation Entertainment Quarterly Data

Book Value per Share CPI Adj_Book
201409 7.499 100.428 9.898
201412 6.446 99.070 8.625
201503 5.932 99.621 7.893
201506 6.184 100.684 8.141
201509 6.580 100.392 8.688
201512 6.109 99.792 8.115
201603 5.837 100.470 7.701
201606 5.852 101.688 7.628
201609 6.296 101.861 8.193
201612 5.518 101.863 7.181
201703 5.435 102.862 7.004
201706 5.951 103.349 7.633
201709 6.668 104.136 8.488
201712 5.677 104.011 7.235
201803 5.447 105.290 6.857
201806 5.563 106.317 6.936
201809 6.287 106.507 7.825
201812 5.230 105.998 6.540
201903 4.981 107.251 6.156
201906 5.567 108.070 6.828
201909 6.109 108.329 7.475
201912 5.362 108.420 6.556
202003 4.057 108.902 4.938
202006 1.609 108.767 1.961
202009 -0.466 109.815 -0.562
202012 -2.164 109.897 -2.610
202103 -3.388 111.754 -4.019
202106 -4.218 114.631 -4.877
202109 -1.805 115.734 -2.067
202112 -2.593 117.630 -2.922
202203 -2.317 121.301 -2.532
202206 -1.822 125.017 -1.932
202209 -0.329 125.227 -0.348
202212 -1.589 125.222 -1.682
202303 -2.014 127.348 -2.096
202306 -0.818 128.729 -0.842
202309 0.967 129.860 0.987
202312 -0.074 129.419 -0.076
202403 -0.500 131.776 -0.503
202406 -0.188 132.554 -0.188

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


Live Nation Entertainment  (LTS:0JVD) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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 Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=117.51/3.7
=31.76

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Live Nation Entertainment was 31.63. The lowest was 2.19. And the median was 8.29.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Live Nation Entertainment Cyclically Adjusted Book per Share Related Terms

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


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 company in the world, serving as a concert promoter, venue operator, and ticketing platform. In addition, the firm generates revenue from sponsorships and advertising. With offices in 45 countries, Live Nation promotes concerts globally and it owns, operates, or had exclusive booking rights to 373 venues worldwide at the end of 2023, which the firm says makes it the second-largest operator of music venues globally. In 2023, Live Nation promoted more than 50,000 events, drawing more than 145 million fans. Ticketmaster is a dominant global ticketing service, selling more than 620 million tickets in 2023.

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