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Live Nation Entertainment E10

: $-1.49 (As of Sep. 2021)
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E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Live Nation Entertainment's adjusted earnings per share data for the three months ended in Sep. 2021 was $0.190. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $-1.49 for the trailing ten years ended in Sep. 2021.

As of today (2022-01-20), Live Nation Entertainment's current stock price is $114.36. Live Nation Entertainment's E10 for the quarter that ended in Sep. 2021 was $-1.49. Live Nation Entertainment's Shiller PE Ratio of today is .


Live Nation Entertainment E10 Historical Data

The historical data trend for Live Nation Entertainment's E10 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 Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
E10
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.97 -1.01 -0.63 -0.55 -1.20

Live Nation Entertainment Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
E10 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 Premium Member Only Premium Member Only Premium Member Only -1.08 -1.20 -1.33 -1.46 -1.49

Competitive Comparison

For the Entertainment subindustry, Live Nation Entertainment's E10, along with its competitors' market caps and E10 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 E10 Distribution

For the Media - Diversified industry and Communication Services sector, Live Nation Entertainment's E10 distribution charts can be found below:

* The bar in red indicates where Live Nation Entertainment's E10 falls into.



Live Nation Entertainment E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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 earnings per share data for the three months ended in Sep. 2021 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2021 (Change)*Current CPI (Sep. 2021)
=0.19/115.7343*115.7343
=0.190

Current CPI (Sep. 2021) = 115.7343.

Live Nation Entertainment Quarterly Data

per share eps CPI Adj_EPS
201112 -0.550 95.213 -0.669
201203 -0.370 96.783 -0.442
201206 0.040 96.819 0.048
201209 0.310 97.633 0.367
201212 -0.860 96.871 -1.027
201303 -0.330 98.209 -0.389
201306 0.300 98.518 0.352
201309 0.220 98.790 0.258
201312 -0.430 98.326 -0.506
201403 -0.170 99.695 -0.197
201406 0.110 100.560 0.127
201409 0.490 100.428 0.565
201412 -0.950 99.070 -1.110
201503 -0.310 99.621 -0.360
201506 0.060 100.684 0.069
201509 0.380 100.392 0.438
201512 -0.470 99.792 -0.545
201603 -0.290 100.470 -0.334
201606 0.130 101.688 0.148
201609 0.490 101.861 0.557
201612 -0.580 101.863 -0.659
201703 -0.220 102.862 -0.248
201706 0.290 103.349 0.325
201709 0.530 104.136 0.589
201712 -1.130 104.011 -1.257
201803 -0.240 105.290 -0.264
201806 0.240 106.317 0.261
201809 0.700 106.507 0.761
201812 -0.830 105.998 -0.906
201903 -0.310 107.251 -0.335
201906 0.410 108.070 0.439
201909 0.710 108.329 0.759
201912 -0.880 108.420 -0.939
202003 -0.940 108.902 -0.999
202006 -2.670 108.767 -2.841
202009 -2.450 109.815 -2.582
202012 -2.040 109.897 -2.148
202103 -1.440 111.754 -1.491
202106 -0.900 114.631 -0.909
202109 0.190 115.734 0.190

Add all the adjusted EPS together and divide 10 will get our e10.


Live Nation Entertainment  (NYSE:LYV) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Live Nation Entertainment E10 Related Terms

Thank you for viewing the detailed overview of Live Nation Entertainment's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


Live Nation Entertainment Business Description

Live Nation Entertainment logo
Industry
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 570 million fans served in 44 countries in 2018 by the company's concert and ticketing platforms. Via either owning, operating, or holding exclusive booking rights, Live Nation controls over 235 venues including the House of Blues, the Hollywood Palladium, and Spark Arena in New Zealand. Live Nation also owns one of the largest ticketing services, Ticketmaster, which sold over 480 million tickets for over 12,000 clients in 2018. The firm's 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 33% of Live Nation, held under its SiriusXM tracking stock.
Executives
Hinson Jeffrey T. director 3721 POTOMAC AVE. DALLAS TX 75205
Rapino Michael director, officer: President & CEO 9348 CIVIC CENTER DRIVE FOURTH FLOOR BEVERLY HILLS CA 90210
Willard Elizabeth Kathleen officer: EVP & Chief Financial Officer 2000 WEST LOOP SOUTH, SUITE 1300 HOUSTON TX 77027
Maffei Gregory B director 12300 LIBERTY BLVD ENGLEWOOD CO 80112
Carter Maverick director C/O LIVE NATION ENTERTAINMENT, INC. 9348 CIVIC CENTER DRIVE BEVERLY HILLS CA 90210
Walden Dana director C/O LIVE NATION ENTERTAINMENT, INC. 9348 CIVIC CENTER DRIVE BEVERLY HILLS CA 90210
Fu Ping director C/O LIVE NATION ENTERTAINMENT, INC. 9348 CIVIC CENTER DRIVE BEVERLY HILLS CA 90210
Hollingsworth Chad director 6262 SUNSET DRIVE MIAMI FL 33143
Iovine Jimmy director C/O LIVE NATION ENTERTAINMENT, INC. 9348 CIVIC CENTER DRIVE BEVERLY HILLS CA 90210
Emanuel Ariel director C/O SOURCE INTERLINK COMPANIES, INC. 27500 RIVERVIEW CENTER BLVD, SUITE 400 BONITA SPRINGS FL 34134
Kahan James S director 175 E HOUSTON STREET -- SAN ANTONIO TX 78205-2233
Mays Randall Thomas director CLEAR CHANNEL COMMUNICATIONS 200 EAST BASSE ROAD SAN ANTONIO TX 78209
Shapiro Mark S director C/O RED ZONE LLC 21300 REDSKIN PARK DRIVE ASHBURN VA 20147
Rowles Michael officer: EVP & General Counsel C/O LIVE NATION, INC. 9348 CIVIC CENTER DRIVE BEVERLY HILLS CA 90210
Capo Brian officer: Chief Accounting Officer C/O LIVE NATION, INC. 9348 CIVIC CENTER DRIVE BEVERLY HILLS CA 90210

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