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Live Nation Entertainment (LTS:0JVD) Cyclically Adjusted PS Ratio : 2.08 (As of Oct. 31, 2024)


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What is Live Nation Entertainment Cyclically Adjusted PS Ratio?

As of today (2024-10-31), Live Nation Entertainment's current share price is $117.51. Live Nation Entertainment's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2024 was $56.39. Live Nation Entertainment's Cyclically Adjusted PS Ratio for today is 2.08.

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

LTS:0JVD' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.46   Med: 1.44   Max: 3.15
Current: 2.07

During the past years, Live Nation Entertainment's highest Cyclically Adjusted PS Ratio was 3.15. The lowest was 0.46. And the median was 1.44.

LTS:0JVD's Cyclically Adjusted PS Ratio is ranked worse than
75.15% of 664 companies
in the Media - Diversified industry
Industry Median: 0.93 vs LTS:0JVD: 2.07

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Live Nation Entertainment's adjusted revenue per share data for the three months ended in Jun. 2024 was $24.585. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is $56.39 for the trailing ten years ended in Jun. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Live Nation Entertainment Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Live Nation Entertainment's Cyclically Adjusted PS 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 PS Ratio Chart

Live Nation Entertainment Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.76 1.91 2.96 1.51 1.77

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 PS 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 1.85 1.61 1.77 1.93 1.66

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

For the Entertainment subindustry, Live Nation Entertainment's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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 PS Ratio Distribution in the Media - Diversified Industry

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

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



Live Nation Entertainment Cyclically Adjusted PS Ratio Calculation

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

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=117.51/56.39
=2.08

* 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 Revenue per Share for the quarter that ended in Jun. 2024 is calculated as:

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

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=24.585/132.5538*132.5538
=24.585

Current CPI (Jun. 2024) = 132.5538.

Live Nation Entertainment Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201409 11.292 100.428 14.904
201412 7.873 99.070 10.534
201503 5.597 99.621 7.447
201506 8.458 100.684 11.135
201509 12.566 100.392 16.592
201512 8.616 99.792 11.445
201603 5.988 100.470 7.900
201606 10.447 101.688 13.618
201609 14.564 101.861 18.952
201612 6.264 101.863 8.151
201703 6.101 102.862 7.862
201706 12.547 103.349 16.093
201709 15.418 104.136 19.626
201712 11.266 104.011 14.358
201803 7.171 105.290 9.028
201806 13.334 106.317 16.625
201809 17.691 106.507 22.017
201812 12.504 105.998 15.637
201903 8.271 107.251 10.222
201906 14.351 108.070 17.602
201909 17.235 108.329 21.089
201912 13.708 108.420 16.759
202003 6.471 108.902 7.876
202006 0.350 108.767 0.427
202009 0.866 109.815 1.045
202012 1.111 109.897 1.340
202103 1.355 111.754 1.607
202106 2.670 114.631 3.087
202109 12.059 115.734 13.812
202112 12.198 117.630 13.746
202203 8.125 121.301 8.879
202206 18.200 125.017 19.297
202209 25.252 125.227 26.730
202212 18.913 125.222 20.020
202303 13.707 127.348 14.267
202306 23.109 128.729 23.796
202309 33.387 129.860 34.080
202312 25.495 129.419 26.112
202403 16.558 131.776 16.656
202406 24.585 132.554 24.585

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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  (LTS:0JVD) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Live Nation Entertainment Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of Live Nation Entertainment's Cyclically Adjusted PS Ratio 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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