Live Nation Entertainment, Inc.

DB:3LN Stock Report

Market Cap: €29.5b

Live Nation Entertainment Valuation

Is 3LN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 3LN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 3LN (€127.2) is trading below our estimate of fair value (€197.86)

Significantly Below Fair Value: 3LN is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 3LN?

Key metric: As 3LN is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 3LN. This is calculated by dividing 3LN's market cap by their current earnings.
What is 3LN's PE Ratio?
PE Ratio147.4x
EarningsUS$206.78m
Market CapUS$30.58b

Price to Earnings Ratio vs Peers

How does 3LN's PE Ratio compare to its peers?

The above table shows the PE ratio for 3LN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average39.7x
EVD CTS Eventim KGaA
31.5x13.9%€7.9b
EDL Edel SE KGaA
7.8x-0.4%€96.2m
G24 Scout24
34.7x15.0%€6.1b
FWON.K Formula One Group
84.7x18.0%US$22.8b
3LN Live Nation Entertainment
147.4x26.9%€30.6b

Price-To-Earnings vs Peers: 3LN is expensive based on its Price-To-Earnings Ratio (147.4x) compared to the peer average (39.7x).

Price to Earnings Ratio vs Industry

How does 3LN's PE Ratio compare vs other companies in the European Entertainment Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
3LN 147.4xIndustry Avg. 12.3xNo. of Companies10PE01224364860+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 3LN is expensive based on its Price-To-Earnings Ratio (147.4x) compared to the European Entertainment industry average (13.3x).

Price to Earnings Ratio vs Fair Ratio

What is 3LN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

3LN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio147.4x
Fair PE Ratio28.4x

Price-To-Earnings vs Fair Ratio: 3LN is expensive based on its Price-To-Earnings Ratio (147.4x) compared to the estimated Fair Price-To-Earnings Ratio (28.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 3LN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€127.20
€139.68
+9.8%
11.8%€157.21€91.63n/a21
Dec ’25€131.85
€133.65
+1.4%
11.4%€154.28€89.92n/a21
Nov ’25€107.25
€113.83
+6.1%
8.5%€126.53€87.74n/a21
Oct ’25€97.52
€106.28
+9.0%
8.0%€118.26€80.63n/a21
Sep ’25€87.00
€104.45
+20.1%
8.9%€118.02€80.47n/a20
Aug ’25€88.58
€107.75
+21.6%
8.9%€121.90€83.12n/a20
Jul ’25€86.82
€106.96
+23.2%
8.7%€121.22€82.65n/a20
Jun ’25€85.82
€109.38
+27.5%
8.5%€122.22€83.33n/a20
May ’25€83.20
€109.91
+32.1%
8.5%€121.25€79.28n/a22
Apr ’25€98.20
€108.71
+10.7%
8.9%€120.08€78.51n/a20
Mar ’25€89.80
€108.11
+20.4%
9.3%€119.96€78.44n/a19
Feb ’25€82.00
€103.56
+26.3%
9.9%€117.63€78.12n/a19
Jan ’25€84.70
€100.86
+19.1%
10.9%€116.47€77.34n/a19
Dec ’24€76.90
€103.24
+34.3%
11.2%€119.80€79.55€131.8519
Nov ’24€75.40
€100.96
+33.9%
10.2%€118.11€80.32€107.2519
Oct ’24€78.90
€100.02
+26.8%
8.9%€113.89€78.07€97.5219
Sep ’24€77.80
€100.02
+28.6%
8.9%€113.89€78.07€87.0019
Aug ’24€80.00
€99.69
+24.6%
8.3%€112.48€77.10€88.5819
Jul ’24€82.10
€91.39
+11.3%
11.1%€105.39€68.73€86.8218
Jun ’24€74.60
€91.70
+22.9%
11.7%€107.61€70.18€85.8218
May ’24€60.90
€87.25
+43.3%
15.1%€109.38€63.81€83.2018
Apr ’24€63.19
€89.73
+42.0%
15.4%€111.41€64.99€98.2017
Mar ’24€67.70
€93.95
+38.8%
14.2%€113.42€66.16€89.8015
Feb ’24€73.52
€92.73
+26.1%
14.0%€110.76€64.61€82.0015
Jan ’24€65.35
€95.50
+46.1%
14.4%€113.69€66.32€84.7015
Dec ’23€69.21
€98.54
+42.4%
14.6%€115.18€67.19€76.9015

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/19 02:23
End of Day Share Price 2024/12/19 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Live Nation Entertainment, Inc. is covered by 39 analysts. 21 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ishan MajumdarBaptista Research
Matthew HarriganBenchmark Company
Brennan MatthewsBerenberg