Friday 6 November 2026 Export LNWO’s income statement to Excel — free account

Light & Wonder, Inc.

LNWO Consumer Cyclical Gambling

Light & Wonder, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $3.3 billion, up 3.95% from fiscal 2024.

Revenue: −2.02%
EPS: +27.0%
Free cash flow: +124.8%
Total debt: +0.79%

Quarter to September 2026, against a year earlier

80.06 2.42 −2.93%

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Market cap: $7.0B
P/E: 21.8×
Fwd P/E: 16.5×
Dividend yield: —
F-score: 5/9
Altman Z: 2.06
Beneish M: −2.72
Dividend safety: n/a

Overview

Light & Wonder, Inc. (LNWO) P/B ratio

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As of 5 November 2026, Light & Wonder, Inc. (LNWO) trades at a P/B ratio of 14.9×. Over the past ten years it has ranged from 0.0× (June 2022) to 308× (March 2015); the current reading is higher than 91% of that period. That is above the Gambling industry median of 2.3× and above the Consumer Cyclical sector median of 1.7×.

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<iframe src="https://stockrow.com/embed/LNWO/pb-ratio" width="100%" height="360" style="border:0" loading="lazy" title="Light &amp; Wonder, Inc. P/B ratio, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/LNWO/metrics/pb-ratio">Light &amp; Wonder, Inc. (LNWO) P/B ratio — stockrow.com</a></p>

Period	P/B ratio	Change
FY2025	34.9×	188.92%
FY2024	12.1×	25.24%
FY2023	9.7×	102.95%
FY2022	4.8×	—
FY2021	0.0×	—
FY2020	0.0×	—
FY2019	0.0×	—
FY2018	0.0×	—
FY2017	0.0×	—
FY2016	0.0×	—

Period	P/B ratio	Change
Sep 2026	13.7×	(30.90%)
Jun 2026	19.9×	(4.40%)
Mar 2026	20.8×	(40.50%)
Dec 2025	34.9×	258.11%
43 more quarters	Free account

Against its own ten years

Low 0.0× High 308×

Ten-year median 0.0×

Current reading's percentile 81

Company	P/B ratio
CDRO Codere Online Luxembourg, S.A. compare	n/m
BRSL Brightstar Lottery compare	0.9×
FLUT Flutter Entertainment PLC compare	1.8×
ACEL Accel Entertainment, Inc. compare	3.7×
RSI Rush Street Interactive, Inc. compare	3.8×
CHDN Churchill Downs, Incorporated compare	5.0×
SGHC Super Group (SGHC) Limited compare	6.1×
LNWO Light & Wonder, Inc.	14.9×
DKNG DraftKings Inc. compare	20.4×
Gambling industry median	2.3×
Consumer Cyclical sector median	1.7×
Market median	1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

Light & Wonder, Inc. (LNWO) P/B ratio

P/B ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/B ratio against peers

What P/B ratio is

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P/B ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/B ratio against peers

What P/B ratio is

More on LNWO

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