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Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Live Nation Entertainment's Enterprise Value is $26,858 Mil. Live Nation Entertainment's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $1,245 Mil. Therefore, Live Nation Entertainment's EV-to-EBIT ratio for today is 21.58.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Live Nation Entertainment's Enterprise Value is $26,858 Mil. Live Nation Entertainment's EBITDA for the trailing twelve months (TTM) ended in Dec. 2023 was $1,762 Mil. Therefore, Live Nation Entertainment's EV-to-EBITDA ratio for today is 15.25.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Live Nation Entertainment's Enterprise Value is $26,858 Mil. Live Nation Entertainment's Revenue for the trailing twelve months (TTM) ended in Dec. 2023 was $22,749 Mil. Therefore, Live Nation Entertainment's EV-to-Revenue ratio for today is 1.18.
The historical data trend for Live Nation Entertainment's Enterprise Value 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.
For the Entertainment subindustry, Live Nation Entertainment's Enterprise Value, along with its competitors' market caps and Enterprise Value 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.
For the Media - Diversified industry and Communication Services sector, Live Nation Entertainment's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Live Nation Entertainment's Enterprise Value falls into.
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
Live Nation Entertainment's Enterprise Value for the fiscal year that ended in Dec. 2023 is calculated as
Enterprise Value (A: Dec. 2023 ) | |||||
= | Market Cap | + | Preferred Stock | + | Long-Term Debt & Capital Lease Obligation |
= | 21837.1608 | + | 0 | + | 7145.117 |
+ | Short-Term Debt & Capital Lease Obligation | + | Minority Interest | - | Cash, Cash Equivalents, Marketable Securities |
+ | 1292.807 | + | 1498.014 | - | 6231.866 |
= | 25,541 |
Live Nation Entertainment's Enterprise Value for the quarter that ended in Dec. 2023 is calculated as
Enterprise Value (Q: Dec. 2023 ) | |||||
= | Market Cap | + | Preferred Stock | + | Long-Term Debt & Capital Lease Obligation |
= | 21837.1608 | + | 0 | + | 7145.117 |
+ | Short-Term Debt & Capital Lease Obligation | + | Minority Interest | - | Cash, Cash Equivalents, Marketable Securities |
+ | 1292.807 | + | 1498.014 | - | 6231.866 |
= | 25,541 |
* 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 (NYSE:LYV) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
Live Nation Entertainment's EV-to-EBIT for today is
EV-to-EBIT | = | Enterprise Value (Today) | / | EBIT (TTM) |
= | 26857.561 | / | 1244.788 | |
= | 21.58 |
Live Nation Entertainment's current Enterprise Value is $26,858 Mil.
Live Nation Entertainment's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,245 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Live Nation Entertainment's EV-to-EBITDA for today is:
EV-to-EBITDA | = | Enterprise Value (Today) | / | EBITDA(TTM) |
= | 26857.561 | / | 1761.585 | |
= | 15.25 |
Live Nation Entertainment's current Enterprise Value is $26,858 Mil.
Live Nation Entertainment's EBITDA for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,762 Mil.
3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.
Live Nation Entertainment's EV-to-Revenue for today is:
EV-to-Revenue | = | Enterprise Value (Today) | / | Revenue (TTM) |
= | 26857.561 | / | 22749.073 | |
= | 1.18 |
Live Nation Entertainment's current Enterprise Value is $26,858 Mil.
Live Nation Entertainment's Revenue for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $22,749 Mil.
* 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.
Thank you for viewing the detailed overview of Live Nation Entertainment's Enterprise Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Joe Berchtold | officer: Chief Operating Officer | C/O LIVE NATION ENTERTAINMENT, INC., 9348 CIVIC CENTER DRIVE, BEVERLY HILLS CA 90210 |
Jeffrey T. Hinson | director | 3721 POTOMAC AVE., DALLAS TX 75205 |
Michael Rowles | officer: EVP & General Counsel | C/O LIVE NATION, INC., 9348 CIVIC CENTER DRIVE, BEVERLY HILLS CA 90210 |
Richard A. Paul | director | 80 PINE STREET, SUITE 3202, NEW YORK NY 10005 |
Jimmy Iovine | director | C/O LIVE NATION ENTERTAINMENT, INC., 9348 CIVIC CENTER DRIVE, BEVERLY HILLS CA 90210 |
Michael Rapino | director, officer: Chief Executive Officer | 9348 CIVIC CENTER DRIVE, FOURTH FLOOR, BEVERLY HILLS CA 90210 |
Brian Capo | officer: Chief Accounting Officer | C/O LIVE NATION, INC., 9348 CIVIC CENTER DRIVE, BEVERLY HILLS CA 90210 |
James S Kahan | director | 175 E HOUSTON STREET, --, SAN ANTONIO TX 78205-2233 |
John Hopmans | officer: EVP, M&A and Strategic Finance | C/O LIVE NATION ENTERTAINMENT, INC., 9348 CIVIC CENTER DRIVE, BEVERLY HILLS CA 90210 |
Latriece Watkins | director | C/O LIVE NATION ENTERTAINMENT, INC., 9348 CIVIC CENTER DRIVE, BEVERLY HILLS CA 90210 |
Elizabeth Kathleen Willard | officer: Chief Accounting Officer | 2000 WEST LOOP SOUTH, SUITE 1300, HOUSTON TX 77027 |
Chad Hollingsworth | director | 6262 SUNSET DRIVE, MIAMI FL 33143 |
Ping Fu | director | C/O LIVE NATION ENTERTAINMENT, INC., 9348 CIVIC CENTER DRIVE, BEVERLY HILLS CA 90210 |
Ariel Emanuel | director | C/O SOURCE INTERLINK COMPANIES, INC., 27500 RIVERVIEW CENTER BLVD, SUITE 400, BONITA SPRINGS FL 34134 |
Enloe Robert Ted Iii | director | LEGGETT & PLATT, INCORPORATED, NO. 1 LEGGETT ROAD, CARTHAGE MO 64836 |
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