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Las Vegas Sands Corp. logo
Las Vegas Sands Corp. LVS
$ 37.51 -1.75%
report update icon

Quarterly report 2026-Q2
added 07-24-2026

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 - - - -

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 - - -

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.

Financial Ratios of other stocks in the Resorts casinos industry

Issuer Price % 24h Market Cap Country
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Marriott Vacations Worldwide Corporation Marriott Vacations Worldwide Corporation
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$ 1.06 4.95 % $ 107 M -
Wyndham Hotels & Resorts Wyndham Hotels & Resorts
WH
$ 78.36 1.31 % $ 6.02 B usaUSA
Hilton Worldwide Holdings Hilton Worldwide Holdings
HLT
$ 362.25 0.82 % $ 85.5 B usaUSA
Hilton Grand Vacations Hilton Grand Vacations
HGV
$ 35.99 -0.55 % $ 3.24 B usaUSA
Huazhu Group Limited Huazhu Group Limited
HTHT
$ 45.77 -1.74 % $ 141 B chinaChina
Choice Hotels International Choice Hotels International
CHH
$ 113.66 0.56 % $ 5.25 B usaUSA
The InterGroup Corporation The InterGroup Corporation
INTG
$ 32.19 -0.06 % $ 69.2 M usaUSA
InterContinental Hotels Group PLC InterContinental Hotels Group PLC
IHG
$ 170.88 -0.04 % $ 26.4 B britainBritain
Vail Resorts Vail Resorts
MTN
$ 147.01 -2.91 % $ 5.25 B usaUSA
Studio City International Holdings Limited Studio City International Holdings Limited
MSC
$ 0.85 1.69 % $ 179 M canadaCanada
Bluegreen Vacations Corporation Bluegreen Vacations Corporation
BXG
- -2.51 % $ 676 M usaUSA
Century Casinos Century Casinos
CNTY
$ 0.78 -0.03 % $ 23.5 M usaUSA
Marriott International Marriott International
MAR
$ 404.0 1.68 % $ 110 B usaUSA
Monarch Casino & Resort Monarch Casino & Resort
MCRI
$ 113.16 -0.95 % $ 2.07 B usaUSA
Penn National Gaming Penn National Gaming
PENN
$ 14.89 -0.47 % $ 2.15 B usaUSA
Extended Stay America, Inc. Extended Stay America, Inc.
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- - $ 3.64 B usaUSA
Red Lion Hotels Corporation Red Lion Hotels Corporation
RLH
- - $ 89 M usaUSA
Golden Entertainment Golden Entertainment
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- - $ 805 M usaUSA
Red Rock Resorts Red Rock Resorts
RRR
- 2.49 % $ 4.56 B usaUSA