Long Term Evolution (LTE) systems allow the transmission of rich multimedia services by utilizing the Multimedia Broadcast/Multicast Service (MBMS) over a Single Frequency Network (MBSFN). During MBSFN transmission a time-synchronized common waveform is transmitted from multiple cells. The 3rd Generation Partnership Project (3GPP) has specified that Point-to-Multipoint (PTM) transmission can be used in combination with MBSFN to provide MBMS-based services. In this paper we evaluate the combined transmission scheme in terms of Resource Efficiency (RE). The evaluation is performed through simulation experiments for various user distributions and LTE network configurations. The experiments are conducted with the aid of a proposed algorithm, which estimates the Spectral Efficiency (SE) of each cell and the RE of the network, and is also able to formulate the optimal network deployment that maximizes the network’s RE. For each of the examined scenarios, we present the most efficient solution (in terms of RE) selected by our algorithm and we compare it with other transmission schemes.