Liberty Media Corp (FWONK) is overvalued and Live Nation Entertainment Inc (LYV) is overvalued.
Both trade above our estimate of their intrinsic value. FWONK is the closer of the two: -125%, against -134% for LYV.
Values as of the 19 Oct 2026 close.
Discounting its cash flows at 8.1% (average of 3 methods) values the shares at $39.94; the price of $89.93 is 125% above that value, and 79% of that value comes from beyond year five.
Leak Score 35/100 on 11 of 12 signals
Discounting its cash flows at 9.6% values the shares at $73.01; the price of $170.80 is 134% above that value.
Leak Score 35/100 on 10 of 12 signals
| Metric | FWONK | LYV |
|---|---|---|
| Verdict | Overvalued | Overvalued |
| Price | $89.93 | $170.80 |
| Intrinsic value | $39.94 | $73.01 |
| Margin of safety | -125% | -134% |
| Leak Score | 35/100 (11/12) | 35/100 (10/12) |
| Market cap | $22.5B | $40.2B |
| Revenue growth, 5 years | 31.4% | 68.4% |
| Operating margin | 12.4% | 5.6% |
| Net margin | 9.4% | -1.0% |
| Return on equity | 5.8% | -116.7% |
| Debt to equity | 0.65 | 137.04 |
| P/E | 55.6x | — |
| Forward P/E | 40.8x | 93.1x |
| P/B | 3.0x | 483.3x |