Question 1

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

Accepted Answer

Las Vegas Sands (LVS) P/S ratio is 2.2× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month revenue, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/S ratio calculated?

Accepted Answer

P/S = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Revenue, or equivalently Share Price ÷ TTM Revenue Per Share. 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/S ratio?

Accepted Answer

The price-to-sales (P/S) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) revenue. It is calculated as market cap ÷ TTM revenue (equivalent to share price ÷ TTM revenue per share). Because the denominator (revenue) cannot be negative, P/S is widely used to value unprofitable or pre-profit companies and to make cross-sector comparisons.

Question 4

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

Accepted Answer

A "good" P/S depends heavily on profit margin and growth: software and other high-margin businesses often command 5–15× sales, while low-margin retailers and commodity producers typically trade below 1×. Compare against sector peers rather than absolute thresholds. For Las Vegas Sands specifically, the relevant sector benchmark is the current sector median of 1.8×.

Question 5

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

Accepted Answer

Las Vegas Sands's P/S ratio of 2.2× is below its own 5-year average of 4.9× and above the sector median of 1.8×. That places the current reading at the 1th 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/S ratio range?

Accepted Answer

In the available daily series, Las Vegas Sands (LVS) P/S ratio has ranged from a low of 0.4× in 2009 to a high of 19.3× in 2007. The 5-year average is 4.9× and the 5-year median is 3.6×.

Question 7

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

Accepted Answer

Las Vegas Sands (LVS) P/S ratio at the end of 2025 was 3.4×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month revenue figure available at that date.

Question 8

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

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (revenue). 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	$13B	3.4×	+0.0×	Dec 31, 2025
2024	$37.7B	$11.3B	3.3×	-0.3×	Dec 31, 2024
2023	$37.4B	$10.4B	3.6×	-5.3×	Dec 31, 2023
2022	$36.7B	$4.11B	8.9×	+2.1×	Dec 31, 2022
2021	$28.8B	$4.23B	6.8×	-7.8×	Dec 31, 2021
2020	$44.9B	$3.07B	14.6×	+10.8×	Dec 31, 2020
2019	$53B	$13.7B	3.9×	+0.9×	Dec 31, 2019
2018	$40.6B	$13.7B	3.0×	-1.3×	Dec 31, 2018
2017	$54.9B	$12.8B	4.3×	+0.6×	Dec 31, 2017
2016	$42.5B	$11.4B	3.7×	+0.7×	Dec 31, 2016
2015	$34.9B	$11.7B	3.0×	-0.2×	Dec 31, 2015
2014	$46.6B	$14.6B	3.2×	-1.5×	Dec 31, 2014
2013	$64.9B	$13.8B	4.7×	+1.3×	Dec 31, 2013
2012	$38B	$11.1B	3.4×	+0.1×	Dec 31, 2012
2011	$31.2B	$9.41B	3.3×	-1.1×	Dec 31, 2011
2010	$30.4B	$6.85B	4.4×	+2.3×	Dec 31, 2010
2009	$9.86B	$4.56B	2.2×	+1.7×	Dec 31, 2009
2008	$2.11B	$4.39B	0.5×	-11.9×	Dec 31, 2008
2007	$36.6B	$2.95B	12.4×	-1.8×	Dec 31, 2007
2006	$31.7B	$2.24B	14.2×	+6.1×	Dec 31, 2006
2005	$14B	$1.74B	8.0×	-5.0×	Dec 31, 2005
2004	$15.6B	$1.2B	13.1×	—	Dec 31, 2004


D.R. Horton (DHI)	1.4×
Carnival Corporation (CCL)	1.4×
Lululemon Athletica (LULU)	1.3×
Toll Brothers (TOL)	1.2×
Li Auto (LI)	1.2×
Ball (BALL)	1.2×
Weyco Group (WEYS)	1.1×
NIO (NIO)	1.1×
Amcor (AMCR)	0.9×
Norwegian Cruise Line (NCLH)	0.9×
XPeng (XPEV)	0.8×
Smurfit Westrock (SW)	0.7×
V.F. (VFC)	0.7×
Lennar (LEN)	0.7×
Genuine Parts (GPC)	0.6×
KB Home (KBH)	0.6×
Mohawk Industries (MHK)	0.5×
LKQ (LKQ)	0.5×
MGM Resorts (MGM)	0.5×
Polaris (PII)	0.4×
General Motors (GM)	0.4×
ChargePoint Holdings (CHPT)	0.4×
Leggett & Platt (LEG)	0.3×
Best Buy Co. (BBY)	0.3×
Ford Motor (F)	0.2×

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

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

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

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

Las Vegas Sands P/S Ratio by Year

Las Vegas Sands P/S Ratio 2025: 3.4×

Las Vegas Sands P/S Ratio 2024: 3.3×

Las Vegas Sands P/S Ratio 2023: 3.6×

Las Vegas Sands P/S Ratio 2022: 8.9×

Las Vegas Sands P/S Ratio 2021: 6.8×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

Las Vegas Sands (LVS) Key Financials