Is Las Vegas Sands (LVS) overvalued or fairly valued?

MarketChacha shows Las Vegas Sands's valuation in context — a trailing P/E of about 17.3, a forward P/E of about 12.6, a price-to-book of about 49.5 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Las Vegas Sands's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (2.20×) from reported figures — education, not a rating.

What is Las Vegas Sands's revenue?

Las Vegas Sands reported revenue of $13.0B for FY2025, with net profit of $1.6B, per official filings.

What is the share price of Las Vegas Sands (LVS)?

Las Vegas Sands last traded at $44.37 (-0.3% on the day), as of 9/4/2026 — a delayed quote shown for education, not investment advice.

Las Vegas Sands

LVS · NYSE · Consumer Discretionary · United States

Snapshot

TickerLVS

ExchangeNYSE

SectorConsumer Discretionary

IndustryResorts & Casinos

CountryUnited States

Employees41,000

HeadquartersLas Vegas, United States

Websitewww.sands.com

Filings tracked16

About Las Vegas Sands

Las Vegas Sands Corp., together with its subsidiaries, owns, develops, and operates integrated resorts in Macao and Singapore. It owns and operates The Venetian Macao Resort Hotel, The Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, and The Sands Macao in Macao, the People's Republic of China; and Marina Bay Sands in Singapore. The company's integrated resorts feature accommodations, gaming, entertainment and retail malls, convention and exhibition facilities, celebrity chef restaurants, and other amenities. The company was founded in 1988 and is based in Las Vegas, Nevada.

Who owns it

Insiders61.7%
Institutions38.3%
Public & other0.0%

1,040 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.3.84%
Vanguard Capital Management LLC3.00%
Vanguard Portfolio Management LLC2.88%
State Street Corporation2.34%
Price (T.Rowe) Associates Inc1.73%
Shaw D.E. & Co., Inc.1.40%
Invesco Ltd.1.37%
Geode Capital Management, LLC1.27%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Cash conversion2.20×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend11.8% → 12.5%

Margin has held broadly steady over the period — stable profitability.

Return on equity102.3%

Latest ROE of 102.3% — capital is generating a healthy return.

Growth qualityrev 12% · PAT 15%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $3.7B · EPS 0.86

Est. earnings growth +0.8%

Next fiscal year

Rev $14.6B · EPS 3.52

Est. earnings growth +13.8%

Analyst consensus estimates — not the company's own guidance.

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$13.0B

Net margin

12.5%

ROE

102.3%

Revenue CAGR (2y)

+12.0%

Profit CAGR (2y)

+15.4%

EPS (FY2025)

2.35

Net profit (FY2025)

$1.6B

Ask MarketChacha about LVS

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$13.0B	$1.6B	2.35	12.5%	102.3%
FY2024	$11.3B	$1.4B	1.96	12.8%	50.1%
FY2023	$10.4B	$1.2B	1.60	11.8%	29.7%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$3.2B	$346.0M	0.53	11.0%
2026Q1	$3.6B	$567.0M	0.85	15.8%
2025Q4	$3.6B	$395.0M	0.58	10.8%
2025Q3	$3.3B	$419.0M	0.61	12.6%
2025Q2	$3.2B	$461.0M	0.66	14.5%
2025Q1	$2.9B	$352.0M	0.49	12.3%
2024Q4	$2.9B	$324.0M	0.45	11.2%
2024Q3	$2.7B	$275.0M	0.38	10.3%
2024Q2	$2.8B	$353.0M	0.48	12.8%
2024Q1	$3.0B	$494.0M	0.66	16.7%
2023Q4	$2.9B	$382.0M	0.50	13.1%
2023Q3	$2.8B	$380.0M	0.50	13.6%
2023Q2	$2.5B	$312.0M	0.41	12.3%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

10-Q filing
SEC7/24/2026
8-K — Results of operations, Exhibits
SEC7/22/2026material
8-K — Shareholder vote results
SEC5/18/2026material
8-K — Material agreement, Material financial obligation, Exhibits
SEC5/13/2026material
8-K — Other events, Exhibits
SEC5/5/2026material
10-Q filing
SEC4/24/2026
8-K — Results of operations, Exhibits
SEC4/22/2026material
8-K — Executive/director change
SEC3/5/2026material
8-K — Executive/director change, Reg FD disclosure, Other events, Exhibits
SEC2/13/2026material
10-K filing
SEC2/6/2026
8-K — Results of operations, Exhibits
SEC1/28/2026material

2025

8-K — Other events
SEC10/27/2025material
10-Q filing
SEC10/24/2025
8-K — Results of operations, Exhibits
SEC10/22/2025material
8-K — Other events
SEC8/11/2025material
10-Q filing
SEC7/25/2025

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.