Las Vegas Sands (LVS) valuation
Las Vegas Sands P/E ratio history
Las Vegas Sands trades at 15.2 times its earnings over the last twelve months and 12.2 times the earnings analysts expect over the next twelve. At its last 8 fiscal year ends its P/E ranged from 17.1 (year to Dec 2018) to 30.8 (year to Dec 2023), with a median of 22.7.
| Fiscal year ended | Price | EPS | P/E | Forward P/E |
|---|---|---|---|---|
| Dec 31, 2025 | $65.09 | $2.34 | 27.8 | 20.8 |
| Dec 31, 2024 | $51.36 | $1.97 | 26.1 | 19.5 |
| Dec 31, 2023 | $49.21 | $1.60 | 30.8 | 18.7 |
| Dec 31, 2022 | $48.07 | $2.40 | 20.0 | — |
| Dec 31, 2021 | $37.64 | -$1.26 | n/m | 82.0 |
| Dec 31, 2020 | $59.60 | -$2.21 | n/m | — |
| Dec 31, 2019 | $69.04 | $3.50 | 19.7 | — |
| Dec 31, 2018 | $52.05 | $3.05 | 17.1 | — |
| Dec 31, 2017 | $69.49 | $3.55 | 19.6 | — |
| Dec 31, 2016 | $53.41 | $2.10 | 25.4 | — |
n/m: not meaningful (a loss, or earnings close to zero). The daily P/E line is a chart indicator in the app.
Las Vegas Sands valuation against its peers
| Company | Market value | P/E | Forward P/E | Price / sales |
|---|---|---|---|---|
| Las Vegas SandsLVS | $23.9B | 15.2 | 12.2 | 1.8 |
| Take-Two InteractiveTTWO | $35.3B | — | — | 5.3 |
| Wynn ResortsWYNN | $7.75B | 17.9 | 16.6 | 1.1 |
| MGM ResortsMGM | $7.54B | 11.4 | 19.5 | 0.4 |
| Peer median | 14.6 | 18.1 | 1.1 |
Reading these multiples
The P/E divides the share price by earnings per share over the last twelve months; the forward P/E divides it by the earnings analysts expect over the next twelve. Price to sales compares the company's market value with its revenue over the last twelve months. A multiple reads differently from one industry to the next, so the peer group above is the fairer comparison.
See also: LVS financials · LVS returns
No forecast, no recommendation. This page describes Las Vegas Sands from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.