Live Nation Entertainment, Inc. LYV

168.77 1.92 1.15% as of 2 Oct
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$39.3B
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Live Nation Entertainment, Inc. (LYV) Piotroski F-score

Live Nation Entertainment, Inc.'s Piotroski F-score for fiscal 2025 is 4 out of 9: 4 of nine tests of profitability, leverage and efficiency passed, down from 6 in fiscal 2024.

Piotroski F-score, annual

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Annual

Period Piotroski F-score Change (points)
FY2025 4 (2.00)
FY2024 6 0.00
FY2023 6 (1.00)
FY2022 7 0.00
FY2021 7 6.00
FY2020 1 (4.00)
FY2019 5 0.00
FY2018 5 1.00
FY2017 4 0.00
FY2016 4 —

How fiscal 2025’s score is made up

Test This year Year before Result Points
Positive return on assets (0.26%) 3.30% Fail 0
Positive operating cash flow 1.40b 1.73b Pass 1
Rising return on assets (0.26%) 3.30% Fail 0
Cash flow above net income 1.45b 1.09b Pass 1
Falling long-term leverage 0.36 0.32 Fail 0
Rising current ratio 1.00 0.99 Pass 1
No new shares issued 231,844,300 230,124,300 Fail 0
Rising gross margin 25.55% 24.94% Pass 1
Rising asset turnover 1.18 1.20 Fail 0
Piotroski F-score Mixed 4

How the Piotroski F-score works

One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.

Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:

7–9Strong — most fundamentals improved
4–6Mixed
0–3Weak — most fundamentals deteriorated

Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.

Piotroski F-score against peers

What Piotroski F-score is

The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.

One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover

The full definition of Piotroski F-score →

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