Live Nation Entertainment Inc (LYV) is overvalued and Netflix Inc (NFLX) is overvalued.
Both trade above our estimate of their intrinsic value. NFLX is the closer of the two: -23%, against -132% for LYV.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 9.6% values the shares at $73.24; the price of $169.84 is 132% above that value.
Leak Score 40/100 on 8 of 12 signals
Discounting its cash flows at 11.9% (average of 3 methods) values the shares at $58.62; the price of $72.16 is 23% above that value, and 68% of that value comes from beyond year five.
Leak Score 67/100 on 10 of 12 signals
| Metric | LYV | NFLX |
|---|---|---|
| Verdict | Overvalued | Overvalued |
| Price | $169.84 | $72.16 |
| Intrinsic value | $73.24 | $58.62 |
| Margin of safety | -132% | -23% |
| Leak Score | 40/100 (8/12) | 67/100 (10/12) |
| Market cap | $40.0B | $300.5B |
| Revenue growth, 5 years | 68.4% | 12.6% |
| Operating margin | 5.6% | 30.3% |
| Net margin | -1.0% | 28.0% |
| Return on equity | -116.7% | 49.5% |
| Debt to equity | 137.04 | 0.55 |
| P/E | — | 22.7x |
| Forward P/E | 89.9x | 19.0x |
| P/B | 480.6x | 10.0x |