Question 1

What is Las Vegas Sands's P/E ratio?

Accepted Answer

Las Vegas Sands (LVS) P/E ratio is 14.0× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for Las Vegas Sands?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For Las Vegas Sands specifically, the relevant sector benchmark is the current sector median of 21.7×.

Question 5

Is Las Vegas Sands's P/E ratio high or low?

Accepted Answer

Las Vegas Sands's P/E ratio of 14.0× is below its own 5-year average of 76.6× and below the sector median of 21.7×. That places the current reading at the 3th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Las Vegas Sands's historical P/E ratio range?

Accepted Answer

In the available daily series, Las Vegas Sands (LVS) P/E ratio has ranged from a low of 12.4× in 2018 to a high of 1799.3× in 2008. The 5-year average is 76.6× and the 5-year median is 22.5×.

Question 7

What was Las Vegas Sands's P/E ratio in 2025?

Accepted Answer

Las Vegas Sands (LVS) P/E ratio at the end of 2025 was 27.0×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

Why does Las Vegas Sands's P/E ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$43.9B	$1.63B	27.0×	+0.9×	Dec 31, 2025
2024	$37.7B	$1.45B	26.1×	-4.5×	Dec 31, 2024
2023	$37.4B	$1.22B	30.6×	+10.5×	Dec 31, 2023
2022	$36.7B	$1.83B	20.0×	—	Dec 31, 2022
2021	$28.8B	-$961M	—	—	Dec 31, 2021
2020	$44.9B	-$1.69B	—	—	Dec 31, 2020
2019	$53B	$2.7B	19.6×	+2.8×	Dec 31, 2019
2018	$40.6B	$2.41B	16.8×	-2.7×	Dec 31, 2018
2017	$54.9B	$2.81B	19.6×	-5.9×	Dec 31, 2017
2016	$42.5B	$1.67B	25.4×	+7.7×	Dec 31, 2016
2015	$34.9B	$1.97B	17.7×	+1.3×	Dec 31, 2015
2014	$46.6B	$2.84B	16.4×	-11.7×	Dec 31, 2014
2013	$64.9B	$2.31B	28.1×	+3.2×	Dec 31, 2013
2012	$38B	$1.52B	24.9×	+4.9×	Dec 31, 2012
2011	$31.2B	$1.56B	20.0×	-30.7×	Dec 31, 2011
2010	$30.4B	$599M	50.7×	—	Dec 31, 2010
2009	$9.86B	-$354M	—	—	Dec 31, 2009
2008	$2.11B	-$164M	—	—	Dec 31, 2008
2007	$36.6B	$117M	313.4×	+241.7×	Dec 31, 2007
2006	$31.7B	$442M	71.7×	+22.4×	Dec 31, 2006
2005	$14B	$284M	49.3×	+17.7×	Dec 31, 2005
2004	$15.6B	$495M	31.6×	—	Dec 31, 2004


Avery Dennison (AVY)	19.3×
Darden Restaurants (DRI)	19.1×
Williams-Sonoma (WSM)	19.1×
Expedia Group (EXPE)	18.9×
Domino's Pizza (DPZ)	17.7×
Etsy (ETSY)	16.9×
Ball (BALL)	16.8×
Royal Caribbean Cruises (RCL)	16.6×
GameStop (GME)	15.6×
D.R. Horton (DHI)	15.3×
Norwegian Cruise Line (NCLH)	15.0×
Hasbro (HAS)	15.0×
NVR (NVR)	14.8×
LKQ (LKQ)	14.5×
Mohawk Industries (MHK)	14.3×
Deckers Outdoor (DECK)	13.8×
Lennar (LEN)	13.5×
Weyco Group (WEYS)	12.8×
Carnival Corporation (CCL)	12.4×
KB Home (KBH)	11.7×
Best Buy Co. (BBY)	11.1×
PDD Holdings (PDD)	10.7×
Toll Brothers (TOL)	10.5×
Lululemon Athletica (LULU)	10.2×
Leggett & Platt (LEG)	6.1×

P/E Ratio for Las Vegas Sands (LVS) 2004-2026

P/E Ratio daily chart for Las Vegas Sands (LVS)

Historical P/E Ratio for Las Vegas Sands (LVS) from 2004 to 2025

About P/E Ratio at Las Vegas Sands (LVS)

Las Vegas Sands P/E Ratio by Year

Las Vegas Sands P/E Ratio 2025: 27.0×

Las Vegas Sands P/E Ratio 2024: 26.1×

Las Vegas Sands P/E Ratio 2023: 30.6×

Las Vegas Sands P/E Ratio 2022: 20.0×

Las Vegas Sands P/E Ratio 2019: 19.6×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Las Vegas Sands (LVS) Key Financials