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Las Vegas Sands Corp. (LVS)
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Las Vegas Sands Corp. Financial Ratios 2025-2007 | LVS
Brief overview of Las Vegas Sands Corp.'s valuation and returns
This overview follows the five latest available observations from 2019 through 2025.
Market valuation is represented by P/E 100.94x (median 33.09x), EV/EBITDA 136.49x (median 13.28x), P/S 10.93x (median 10.81x). Valuation is 69.6% above five-year reference levels. The premium requires support from earnings and returns.
The inverse P/E implies an earnings yield of 1%. This is not a dividend yield, but current earnings relative to market price.
The latest available business-quality ratios are ROE 24.8%, ROA 1.8%, ROCE 44.5%. Return ratios are at workable levels. The business generates positive returns, though efficiency is not exceptional.
Price, earnings and growth produce a PEG of 0.46x. A value below one indicates moderate pricing relative to expected growth.
The cash conversion cycle lengthened from 23.3 days to 34.2 days, or 10.9 days. More cash is tied up in operations.
Valuation takeaway
Las Vegas Sands Corp.'s high quality ratios explain part of the market premium but increase sensitivity to slower growth.
Annual Financial Ratios Las Vegas Sands Corp.
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
P/E |
100.9 | 97.8 | 33.1 | 24.3 | -34.1 | -28.4 | 18.9 | 19.2 | 22.1 | 25.1 | 18.3 | 15.4 | 27.8 | 27.3 | 23.0 | 25.6 | -20.0 | -161.9 | - |
P/S |
10.9 | 10.9 | 3.9 | 10.8 | 7.7 | 16.3 | 3.7 | 3.4 | 4.8 | 3.7 | 3.1 | 3.0 | 4.7 | 3.7 | 3.8 | - | - | - | - |
EPS |
0.6 | 0.5 | 1.6 | 2.4 | -1.3 | -2.2 | 3.5 | 3.1 | 3.5 | 2.1 | 2.5 | 3.5 | 2.8 | 1.9 | 1.7 | 0.6 | -0.8 | -0.5 | - |
EV (Enterprise Value) |
56 B | 45.5 B | 53 B | 56.5 B | 48.7 B | 63 B | 63.5 B | 57.5 B | 72.7 B | 52.8 B | 46.3 B | 53.7 B | 73.7 B | 52.6 B | 44.8 B | 24.9 B | 15.3 B | 23.4 B | 27.7 B |
EBITDA per Share |
3.14 | 2.58 | 4.61 | 0.32 | 0.46 | -0.52 | 6.49 | 6.42 | 5.92 | 4.68 | 4.91 | 6.42 | 5.43 | 4.2 | 4.37 | 2.81 | 0.85 | 1.71 | - |
EV/EBITDA |
25.8 | 24.0 | 15.0 | 231.6 | 136.5 | -123.7 | 11.9 | 10.6 | 14.8 | 13.3 | 11.0 | 9.7 | 15.7 | 14.5 | 13.2 | 13.3 | 27.5 | 35.0 | - |
PEG |
0.46 | 0.5 | 0.16 | -0.38 | 0.65 | 1.85 | 1.35 | -1.45 | 0.32 | -1.69 | -0.61 | 0.6 | 0.58 | 3.16 | 0.12 | - | - | - | - |
P/B |
20.6 | 10.0 | 9.8 | 12.2 | 14.6 | 13.5 | 7.8 | 6.9 | 8.1 | 5.6 | 4.3 | 4.9 | 6.7 | 4.8 | 3.8 | 1.8 | 1.0 | 1.5 | - |
P/CF |
13.2 | 9.9 | 12.5 | - | - | - | 28.9 | 12.4 | 16.8 | 16.1 | 18.7 | 12.0 | 18.3 | 25.8 | 31.1 | 8.2 | 11.1 | 212.1 | - |
ROE % |
24.84 | 11.23 | 29.65 | 47.20 | -42.75 | -47.63 | 41.46 | 35.77 | 36.75 | 22.28 | 23.36 | 31.49 | 24.27 | 17.60 | 16.53 | 9.00 | -6.06 | -3.70 | - |
ROA % |
1.80 | 1.57 | 5.61 | 8.31 | -4.79 | -8.10 | 11.63 | 10.70 | 13.56 | 8.16 | 9.37 | 12.70 | 10.15 | 6.88 | 7.01 | 2.85 | -1.72 | -0.95 | - |
ROCE % |
44.47 | 20.46 | 56.17 | -20.41 | -30.65 | -39.37 | 18.96 | 20.12 | 19.63 | 14.56 | 15.53 | 20.90 | 17.45 | 12.58 | 12.10 | 17.72 | -0.49 | 3.70 | - |
Current Ratio |
1.1 | 1.2 | 1.2 | 1.2 | 1.1 | 1.2 | 1.6 | 1.8 | 1.1 | 1.1 | 1.5 | 1.9 | 1.8 | 1.7 | 2.2 | 1.7 | 1.6 | - | - |
DSO |
58.0 | 56.8 | 13.2 | 20.8 | 23.3 | 73.4 | 22.4 | 19.3 | 17.4 | 24.8 | 39.6 | 37.8 | 46.7 | 59.7 | 51.8 | - | - | - | - |
DIO |
7.8 | 7.7 | 6.9 | 6.0 | - | - | 2.0 | 1.8 | 2.6 | 2.9 | 2.5 | 2.0 | 2.0 | 2.6 | 2.6 | - | - | - | - |
DPO |
31.6 | 32.2 | 26.8 | 19.9 | - | - | 8.0 | 9.3 | 9.6 | 8.0 | 6.6 | 5.3 | 5.8 | 6.4 | 7.7 | - | - | - | - |
Operating Cycle |
65.7 | 64.5 | 20.1 | 26.8 | 23.3 | 73.4 | 24.4 | 21.1 | 20.1 | 27.7 | 42.1 | 39.8 | 48.7 | 62.3 | 54.4 | - | - | - | - |
Cash Conversion Cycle |
34.2 | 32.3 | -6.7 | 6.9 | 23.3 | 73.4 | 16.4 | 11.8 | 10.4 | 19.7 | 35.5 | 34.5 | 43.0 | 55.9 | 46.7 | - | - | - | - |
Annual performance
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All numbers in USD currency
Quarterly Financial Ratios Las Vegas Sands Corp.
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | 2010-Q3 | 2010-Q2 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
EPS |
0.53 | 0.85 | - | 0.61 | 0.66 | 0.49 | - | 0.38 | 0.48 | 0.66 | - | 0.5 | 0.41 | 0.19 | - | -0.31 | -0.38 | 3.31 | -0.17 | -0.48 | -0.25 | -0.36 | -0.4 | -0.74 | -1.07 | - | 0.82 | 0.69 | 1.24 | 0.75 | -0.22 | 0.73 | 0.7 | 1.85 | 1.53 | 0.72 | 0.69 | 0.61 | 0.64 | 0.65 | 0.41 | 0.4 | 0.59 | 0.65 | 0.59 | 0.64 | 0.9 | 0.84 | 0.83 | 0.95 | 0.71 | 0.76 | 0.64 | 0.69 | 0.53 | 0.43 | 0.29 | 0.66 | 0.44 | 0.48 | 0.5 | 0.32 | 0.25 | - |
EBITDA per Share |
1.48 | 1.88 | - | 1.59 | 1.66 | 1.36 | - | 1.13 | 1.23 | 1.38 | - | 1.31 | 1.08 | 0.85 | - | 0.11 | 0.14 | -0.05 | -0.18 | -0.07 | 0.16 | 0.21 | -0.16 | -0.36 | -0.67 | 0.34 | 1.22 | 1.54 | 1.53 | 1.64 | 1.13 | 1.53 | 1.36 | 1.8 | 1.3 | 1.42 | 1.44 | 1.37 | 0.84 | 1.25 | 0.97 | 1.07 | 0.88 | 1.24 | 1.18 | 1.21 | 1.28 | 1.52 | 1.52 | 1.72 | 1.08 | 1.41 | 1.25 | 1.31 | 0.82 | 0.93 | 0.75 | 1.19 | 0.9 | 1.14 | 1.12 | 0.93 | 0.86 | 0.51 |
ROE % |
156.71 | 108.76 | 61.43 | 68.97 | 51.37 | 40.48 | 28.88 | 37.41 | 37.38 | 32.15 | 19.88 | 13.56 | -1.86 | 44.73 | 40.89 | 34.73 | 25.90 | 25.07 | -39.42 | -43.32 | -47.17 | -67.04 | -56.68 | -34.49 | -5.21 | 40.76 | 52.01 | 36.90 | 36.67 | 28.06 | 42.45 | 64.13 | 62.86 | 61.49 | 43.29 | 32.85 | 32.38 | 29.27 | 27.04 | 25.63 | 24.94 | 26.51 | 28.84 | 32.00 | 33.70 | 36.13 | 39.38 | 36.91 | 35.78 | 33.38 | 30.08 | 28.71 | 25.48 | 21.98 | 21.58 | 20.97 | 21.43 | 23.25 | 19.87 | 17.84 | 13.14 | 3.69 | 3.51 | 0.71 |
ROA % |
8.47 | 8.39 | 5.72 | 7.00 | 6.73 | 6.94 | 5.29 | 7.00 | 7.12 | 6.09 | 3.77 | 2.65 | 12.31 | 10.29 | 9.65 | 7.80 | 8.91 | 7.97 | -4.76 | -5.58 | -6.45 | -9.45 | -8.10 | -3.95 | 1.06 | 9.12 | 11.63 | 8.16 | 8.40 | 6.75 | 10.70 | 17.31 | 17.53 | 17.71 | 13.57 | 10.20 | 9.96 | 8.92 | 8.16 | 7.91 | 7.89 | 8.53 | 9.42 | 10.44 | 10.95 | 11.71 | 12.73 | 12.02 | 11.77 | 11.10 | 10.15 | 9.57 | 8.39 | 7.14 | 6.88 | 6.87 | 7.20 | 7.96 | 7.01 | 6.12 | 4.41 | 1.30 | 1.06 | 0.21 |
ROCE % |
266.92 | 180.63 | 105.17 | 118.99 | 88.40 | 66.89 | 46.81 | 62.26 | 61.36 | 56.05 | 38.24 | 33.56 | 14.61 | -4.75 | -14.63 | -21.54 | -29.87 | -31.96 | -29.09 | -26.18 | -30.77 | -50.65 | -46.86 | -24.85 | 10.08 | 52.78 | 71.29 | 68.66 | 67.55 | 64.34 | 65.99 | 66.47 | 63.43 | 62.00 | 53.41 | 48.39 | 46.86 | 42.65 | 40.36 | 39.83 | 39.01 | 40.73 | 41.68 | 45.55 | 48.18 | 51.40 | 56.83 | 54.21 | 52.68 | 49.53 | 44.46 | 42.42 | 38.05 | 33.50 | 32.73 | 31.66 | 32.16 | 34.27 | 30.44 | 28.26 | 23.06 | 6.19 | 6.27 | 2.85 |
Current Ratio |
1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | - | 1.3 | 1.1 | 1.1 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.4 | 1.4 | 1.4 | 1.4 | 1.4 | 1.4 | 1.4 | 1.4 | 1.6 | 1.6 | 1.6 | 1.6 | 1.6 | 1.6 | 1.6 | 1.6 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 1.6 | 1.6 | 1.6 | 1.6 | 1.7 | 1.7 | 1.7 | 1.7 | 1.6 | 1.6 |
DSO |
18.8 | 18.1 | - | 14.8 | 13.9 | 13.6 | - | 14.4 | 14.2 | 13.9 | - | 11.8 | 11.9 | 12.8 | - | 9.5 | 6.4 | 16.9 | 16.7 | 17.4 | 14.2 | 17.4 | 22.7 | 51.6 | 370.9 | 35.3 | 21.9 | 23.7 | 23.1 | 19.6 | 19.1 | 19.6 | 20.1 | 17.1 | 16.3 | 17.5 | 17.9 | 20.7 | 23.0 | 23.9 | 26.7 | 34.3 | 40.4 | 40.0 | 39.6 | 42.1 | 40.2 | 39.1 | 41.7 | 40.3 | 45.1 | 46.2 | 49.6 | 49.5 | 54.0 | 61.3 | 64.3 | 52.1 | 47.9 | 50.6 | 52.0 | 42.2 | - | - |
DIO |
7.5 | 7.5 | - | 7.6 | 7.3 | 7.7 | - | 7.6 | 7.5 | 7.6 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
DPO |
25.1 | 28.5 | - | 29.5 | 28.2 | 29.6 | - | 28.0 | 29.9 | 31.7 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Cycle |
- | 25.6 | - | 22.4 | 21.2 | 21.3 | - | 22.0 | 21.6 | 21.5 | - | 11.8 | 11.9 | 12.8 | - | 9.5 | 6.4 | 16.9 | 16.7 | 17.4 | 14.2 | 17.4 | 22.7 | 51.6 | 370.9 | 35.3 | 21.9 | 23.7 | 23.1 | 19.6 | 19.1 | 19.6 | 20.1 | 17.1 | 16.3 | 17.5 | 17.9 | 20.7 | 23.0 | 23.9 | 26.7 | 34.3 | 40.4 | 40.0 | 39.6 | 42.1 | 40.2 | 39.1 | 41.7 | 40.3 | 45.1 | 46.2 | 49.6 | 49.5 | 54.0 | 61.3 | 64.3 | 52.1 | 47.9 | 50.6 | 52.0 | - | - | - |
Cash Conversion Cycle |
- | -2.9 | - | -7.1 | -7.0 | -8.3 | - | -6.0 | -8.3 | -10.2 | - | 11.8 | 11.9 | 12.8 | - | 9.5 | 6.4 | 16.9 | 16.7 | 17.4 | 14.2 | 17.4 | 22.7 | 51.6 | 370.9 | 35.3 | 21.9 | 23.7 | 23.1 | 19.6 | 19.1 | 19.6 | 20.1 | 17.1 | 16.3 | 17.5 | 17.9 | 20.7 | 23.0 | 23.9 | 26.7 | 34.3 | 40.4 | 40.0 | 39.6 | 42.1 | 40.2 | 39.1 | 41.7 | 40.3 | 45.1 | 46.2 | 49.6 | 49.5 | 54.0 | 61.3 | 64.3 | 52.1 | 47.9 | 50.6 | 52.0 | - | - | - |
Quarterly performance
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All numbers in USD currency
Multiples are an important financial analysis tool for the company Las Vegas Sands Corp., allowing investors and analysts to quickly assess the company’s value and investment attractiveness based on the ratio of market indicators to the company’s financial performance. Essentially, multiples express how the market values the company relative to its earnings, revenue, equity, or other key metrics.
Advantages of Using Financial Ratios- Simplified Data Analysis
Financial ratios transform large volumes of accounting data into compact and easily interpretable indicators, significantly simplifying the assessment of the company’s condition. - Comparability Between Companies
Multiples standardize financial metrics, enabling objective comparison of companies of different sizes, industries, and market capitalizations. - Identification of Trends and Issues
Regular analysis of ratios helps track the dynamics of financial health, identify strengths and weaknesses of the business, as well as potential risks. - Decision Support
Financial multiples serve as an important tool for investors, creditors, and company management in making investment, credit, and managerial decisions. - Accelerated Assessment of Investment Attractiveness
Ratios allow quick determination of key performance, liquidity, and financial stability indicators, facilitating prompt evaluation of companies’ attractiveness for investments.
Using multiples enables comparison between companies, even if they differ in size or industry, as they standardize financial data into ratios convenient for analysis. This is especially useful for evaluating companies where direct analysis of financial statements may be complex or require in-depth knowledge.