Live Nation Entertainment (LTS:0JVD) PB Ratio: (As of Jul. 14, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

LTS:0JVD Live Nation Entertainment Inc LTS:0JVD
83 GF Score
Price $183.39
GF Value $138.01
Valuation Significantly Overvalued
! 9 Warning Signs
View Full Analysis

What is Live Nation Entertainment PB Ratio?

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-07-14), Live Nation Entertainment's share price is $183.39. Live Nation Entertainment's Book Value per Share for the quarter that ended in Mar. 2026 was $-0.60. Hence, Live Nation Entertainment's PB Ratio of today is .

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

During the past 13 years, Live Nation Entertainment's highest PB Ratio was 328.21. The lowest was 4.22. And the median was 11.23.

LTS:0JVD's PB Ratio is not ranked *
in the Media - Diversified industry.
Industry Median: 1.3
* Ranked among companies with meaningful PB Ratio only.

During the past 12 months, Live Nation Entertainment's average Book Value Per Share Growth Rate was -231.10% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Live Nation Entertainment was 67.60% per year. The lowest was -65.10% per year. And the median was -4.10% per year.

Back to Basics: PB Ratio

Live Nation Entertainment  (LTS:0JVD) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.

Live Nation Entertainment PB Ratio Related Terms

Live Nation Entertainment PB Ratio Historical Data

* Premium members only.

The historical data trend for Live Nation Entertainment's PB 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.

Live Nation Entertainment PB Ratio Chart

Live Nation Entertainment Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 175.41 124.68

Live Nation Entertainment Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
PB 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 284.27 97.02 74.01 124.68 0.00

LTS:0JVD vs FWONA, FOXA, ROKU: PB Ratio Comparison

For the Entertainment subindustry, Live Nation Entertainment's PB Ratio, along with its competitors' market caps and 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 PB Ratio vs Media - Diversified Industry

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

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


LTS:0JVD
83GF Score
Live Nation Entertainment Inc LTS:0JVD
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Live Nation Entertainment PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

Live Nation Entertainment's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Mar. 2026)
=183.39/-0.599
=

* 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.

It can also be calculated from the numbers for the whole company:

PB Ratio=Market Cap /(Total Stockholders Equity-Preferred Stock)

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

Is Live Nation Entertainment (LTS:0JVD) Overvalued in 2026?

Based on GuruFocus' analysis, Live Nation Entertainment stock appears to be overvalued. The current stock price of $183.39 is trading 32.9% above its estimated GF Value™ of $138.01. GuruFocus considers Live Nation Entertainment to be Significantly Overvalued.

Key valuation signals for LTS:0JVD:

  • PB Ratio:
  • GF Value™: $138.01 vs. price of $183.39 (32.9% above fair value)
  • GF Score™: 83/100 with 9 warning signs

No single metric tells the full story. See the LTS:0JVD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Live Nation Entertainment Business Description

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 51 countries, Live Nation promotes concerts globally and it owned, operated, or had exclusive booking rights to more than 400 venues worldwide at the end of 2025, which the firm says makes it the second-largest operator of music venues globally. In 2025, Live Nation promoted nearly 55,000 events, drawing roughly 160 million fans. Ticketmaster is a dominant global ticketing service, selling nearly 650 million tickets in 2025.
83GF Score

Get the complete analysis for LTS:0JVD

PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$183.39
Price
$138.01
GF Value