Las Vegas Sands Corp.
LVS Consumer Cyclical Resorts & Casinos
Las Vegas Sands Corp.’s revenue for fiscal 2025 (year ended December 2025) was $13.0 billion, up 15.2% from fiscal 2024. In the quarter to June 2026, revenue was flat, EPS fell 19.7%, free cash flow grew 426.9% and total debt fell 3.53%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for three consecutive years, revenue growth for three.
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Las Vegas Sands Corp. (LVS) P/B ratio
As of 16 October 2026, Las Vegas Sands Corp. (LVS) trades at a P/B ratio of 27.7×. Over the past ten years it has ranged from 3.5× (January 2016) to 36.4× (July 2026); the current reading is higher than 98% of that period. That is above the Resorts & Casinos industry median of 2.1× and above the Consumer Cyclical sector median of 1.6×.
P/B ratio, daily
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Annual newest first
| Period | P/B ratio | Change |
|---|---|---|
| FY2025 | 23.3× | 94.67% |
| FY2024 | 11.9× | 25.18% |
| FY2023 | 9.5× | (7.43%) |
| FY2022 | 10.3× | (19.41%) |
| FY2021 | 12.8× | (0.61%) |
| FY2020 | 12.9× | 57.33% |
| FY2019 | 8.2× | 34.87% |
| FY2018 | 6.1× | (15.47%) |
| FY2017 | 7.2× | 26.87% |
| FY2016 | 5.7× | 36.27% |
Quarterly newest first
| Period | P/B ratio | Change |
|---|---|---|
| Jun 2026 | 33.7× | 50.23% |
| Mar 2026 | 22.4× | (3.61%) |
| Dec 2025 | 23.3× | 18.36% |
| Sep 2025 | 19.6× | 48.28% |
| 42 more quarters | Free account |
Against its own ten years
P/B ratio against peers
| Company | P/B ratio |
|---|---|
| WYNN Wynn Resorts, Limited compare | n/m |
| CZR Caesars Entertainment, Inc. compare | 1.7× |
| VAC Marriott Vacations Worldwide Corporation compare | 1.9× |
| BYD Boyd Gaming Corporation compare | 2.1× |
| MGM MGM Resorts International compare | 2.1× |
| HGV Hilton Grand Vacations Inc. compare | 2.2× |
| MTN Vail Resorts, Inc. compare | 9.7× |
| RRR Red Rock Resorts, Inc. compare | 9.8× |
| LVS Las Vegas Sands Corp. | 27.7× |
| Resorts & Casinos industry median | 2.1× |
| Consumer Cyclical sector median | 1.6× |
| 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))
More on LVS
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement