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Live Nation Entertainment E10

: $-1.08 (As of Sep. 2020)
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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. 2020 was $-2.450. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $-1.08 for the trailing ten years ended in Sep. 2020.

As of today (2020-11-29), Live Nation Entertainment's current stock price is $67.23. Live Nation Entertainment's E10 for the quarter that ended in Sep. 2020 was $-1.08. Live Nation Entertainment's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Live Nation Entertainment was 2.50. The lowest was 0.00. And the median was 2.14.


Live Nation Entertainment E10 Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Live Nation Entertainment Annual Data
Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
E10 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.98 -0.97 -1.01 -0.63 -0.55

Live Nation Entertainment Quarterly Data
Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20
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 -0.46 -0.55 -0.54 -0.79 -1.08

Competitive Comparison
* 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.


Live Nation Entertainment E10 Distribution

* 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. 2020 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2020 (Change)*Current CPI (Sep. 2020)
=-2.45/109.8149*109.8149
=-2.450

Current CPI (Sep. 2020) = 109.8149.

Live Nation Entertainment Quarterly Data

per share eps CPI Adj_EPS
201012 -0.750 92.914 -0.886
201103 -0.270 94.890 -0.312
201106 0.070 95.319 0.081
201109 0.270 95.529 0.310
201112 -0.550 95.632 -0.632
201203 -0.370 97.075 -0.419
201206 0.040 96.661 0.045
201209 0.310 97.595 0.349
201212 -0.860 97.158 -0.972
201303 -0.330 98.107 -0.369
201306 0.300 98.557 0.334
201309 0.220 98.536 0.245
201312 -0.430 98.692 -0.478
201403 -0.170 100.023 -0.187
201406 0.110 100.520 0.120
201409 0.490 100.176 0.537
201412 -0.950 98.604 -1.058
201503 -0.310 99.824 -0.341
201506 0.060 100.691 0.065
201509 0.380 100.346 0.416
201512 -0.470 99.957 -0.516
201603 -0.290 100.947 -0.315
201606 0.130 101.524 0.141
201609 0.490 101.988 0.528
201612 -0.580 102.456 -0.622
201703 -0.220 103.167 -0.234
201706 0.290 103.278 0.308
201709 0.530 104.070 0.559
201712 -1.130 104.578 -1.187
201803 -0.240 105.708 -0.249
201806 0.240 106.324 0.248
201809 0.700 106.695 0.720
201812 -0.830 106.200 -0.858
201903 -0.310 107.818 -0.316
201906 0.410 108.250 0.416
201909 0.710 108.577 0.718
201912 -0.880 108.841 -0.888
202003 -0.940 108.173 -0.954
202006 -2.670 109.318 -2.682
202009 -2.450 109.815 -2.450

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.

Live Nation Entertainment's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=67.23/-1.08
=

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

During the past 13 years, the highest Shiller P/E Ratio of Live Nation Entertainment was 2.50. The lowest was 0.00. And the median was 2.14.


Be Aware

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


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