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As of today (2024-05-28), Live Nation Entertainment's current share price is $96.27. Live Nation Entertainment's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $2.70. Live Nation Entertainment's Cyclically Adjusted Price-to-FCF for today is 35.66.
The historical rank and industry rank for Live Nation Entertainment's Cyclically Adjusted Price-to-FCF or its related term are showing as below:
During the past years, Live Nation Entertainment's highest Cyclically Adjusted Price-to-FCF was 128.09. The lowest was 19.98. And the median was 53.89.
LYV's Cyclically Adjusted Price-to-FCF is ranked worse thanThe 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 Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.
Live Nation Entertainment's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $3.674. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $2.70 for the trailing ten years ended in Mar. 2024.
The historical data trend for Live Nation Entertainment's Cyclically Adjusted Price-to-FCF 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 Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Cyclically Adjusted Price-to-FCF | Get a 7-Day Free Trial | 27.40 | 33.81 | 34.50 | 37.21 | 39.17 |
For the Entertainment subindustry, Live Nation Entertainment's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF 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 Cyclically Adjusted Price-to-FCF distribution charts can be found below:
* The bar in red indicates where Live Nation Entertainment's Cyclically Adjusted Price-to-FCF falls into.
Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF 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 Price-to-FCF.
Live Nation Entertainment's Cyclically Adjusted Price-to-FCF for today is calculated as
Cyclically Adjusted Price-to-FCF | = | Share Price | / | Cyclically Adjusted FCF per Share |
= | 96.27 | / | 2.7 | |
= | 35.66 |
* 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 FCF per Share for the quarter that ended in Mar. 2024 is calculated as:
For example, Live Nation Entertainment's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:
Adj_FreeCashFlowPerShare | = | Free Cash Flow per Share | / | CPI of Mar. 2024 (Change) | * | Current CPI (Mar. 2024) |
= | 3.674 | / | 131.7762 | * | 131.7762 | |
= | 3.674 |
Current CPI (Mar. 2024) = 131.7762.
Live Nation Entertainment Quarterly Data
Free Cash Flow per Share | CPI | Adj_FreeCashFlowPerShare | |
201406 | -0.331 | 100.560 | -0.434 |
201409 | -1.709 | 100.428 | -2.242 |
201412 | 1.272 | 99.070 | 1.692 |
201503 | 1.590 | 99.621 | 2.103 |
201506 | -0.111 | 100.684 | -0.145 |
201509 | -1.952 | 100.392 | -2.562 |
201512 | 1.317 | 99.792 | 1.739 |
201603 | 2.413 | 100.470 | 3.165 |
201606 | -0.262 | 101.688 | -0.340 |
201609 | -1.986 | 101.861 | -2.569 |
201612 | 2.068 | 101.863 | 2.675 |
201703 | 3.447 | 102.862 | 4.416 |
201706 | -0.132 | 103.349 | -0.168 |
201709 | -1.995 | 104.136 | -2.525 |
201712 | 0.705 | 104.011 | 0.893 |
201803 | 3.408 | 105.290 | 4.265 |
201806 | -1.455 | 106.317 | -1.803 |
201809 | -1.535 | 106.507 | -1.899 |
201812 | 2.919 | 105.998 | 3.629 |
201903 | 1.972 | 107.251 | 2.423 |
201906 | -1.251 | 108.070 | -1.525 |
201909 | -1.610 | 108.329 | -1.958 |
201912 | 1.517 | 108.420 | 1.844 |
202003 | 2.591 | 108.902 | 3.135 |
202006 | -5.127 | 108.767 | -6.212 |
202009 | -2.848 | 109.815 | -3.418 |
202012 | -0.758 | 109.897 | -0.909 |
202103 | 0.237 | 111.754 | 0.279 |
202106 | 4.867 | 114.631 | 5.595 |
202109 | -0.834 | 115.734 | -0.950 |
202112 | 3.189 | 117.630 | 3.573 |
202203 | 5.119 | 121.301 | 5.561 |
202206 | 1.130 | 125.017 | 1.191 |
202209 | -2.854 | 125.227 | -3.003 |
202212 | 3.364 | 125.222 | 3.540 |
202303 | 4.554 | 127.348 | 4.712 |
202306 | 1.520 | 128.729 | 1.556 |
202309 | -4.048 | 129.860 | -4.108 |
202312 | 2.072 | 129.419 | 2.110 |
202403 | 3.674 | 131.776 | 3.674 |
Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF 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.
Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow 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 Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.
Thank you for viewing the detailed overview of Live Nation Entertainment's Cyclically Adjusted Price-to-FCF 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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