Las Vegas Sands Corp.
Financial ratios & Valuation

Forward Multiples (2025 – 2026)

20252026
Price/Earnings ratio
17.1314.47
Price/Sales ratio
3.183.00
Earnings per Share (EPS)
$3.12$3.69

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
16.5017.7625.2719.5916.9519.72-31.57-24.91-34.4530.7525.1716.95
Price/Sales ratio
3.212.983.764.322.974.3815.486.798.933.623.322.97
Price/Book Value ratio
6.495.126.878.477.1910.2615.3114.409.469.1111.057.19
Price/Cash Flow ratio
9.7010.0910.4912.118.7017.52-34.701.91K-46.1911.6311.558.70
Price/Free Cash Flow ratio
12.8318.0916.0314.8510.9026.35-17.93-35.37-25.3919.0519.6210.90
Price/Earnings Growth ratio
0.64-0.59-1.680.28-1.271.400.201.234.72-0.14-2.251.40
Dividend Yield
5.09%7.74%6.88%5.34%7.28%4.44%2.00%N/AN/A0.81%1.54%4.44%
Profitability Indicator Ratios
Gross Profit Margin
46.88%47.66%49.55%50.27%78.99%82.11%55.54%66.79%62.89%49.81%43.52%82.11%
Operating Profit Margin
28.10%24.30%22.19%27.21%28.41%28.41%-44.89%-15.63%-19.05%22.30%22.60%28.41%
Pretax Profit Margin
26.28%22.43%20.08%23.99%24.22%29.68%-63.80%-34.81%-33.74%17.11%18.47%29.68%
Net Profit Margin
19.48%16.82%14.89%22.06%17.57%22.24%-49.04%-27.25%-25.93%11.77%13.28%22.24%
Effective Tax Rate
6.39%9.00%10.55%-6.84%11.27%12%-1.27%-0.33%-11.10%19.38%12.52%11.27%
Return on Assets
12.70%9.42%8.20%13.57%10.70%11.62%-6.93%-5.75%-4.83%5.60%7.04%11.62%
Return On Equity
39.38%28.84%27.18%43.24%42.45%52.01%-48.50%-57.81%-27.46%29.65%39.44%52.01%
Return on Capital Employed
20.85%15.44%14.16%19.53%20.11%17.25%-7.33%-3.78%-4.31%13.32%15.98%17.25%
Liquidity Ratios
Current Ratio
1.911.461.101.081.761.641.14N/AN/AN/A0.901.64
Quick Ratio
1.901.441.081.061.751.632.012.131.721.290.891.63
Cash ratio
1.290.880.750.811.471.310.730.721.611.150.781.31
Days of Sales Outstanding
37.8138.4425.1217.6319.3025.4027.0617.4123.7117.0313.3225.40
Days of Inventory outstanding
1.962.562.952.134.426.226.145.716.702.662.346.22
Operating Cycle
39.7741.0028.0819.7723.7331.6233.2023.1230.4119.6915.6631.62
Days of Payables Outstanding
5.316.628.219.8622.5225.0724.8519.9821.3011.717.9325.07
Cash Conversion Cycle
34.4634.3819.869.901.206.558.353.139.117.987.721.20
Debt Ratios
Debt Ratio
0.440.440.460.460.530.530.670.730.720.640.650.53
Debt Equity Ratio
1.381.371.551.482.102.404.707.404.113.404.082.10
Long-term Debt to Capitalization
0.570.570.600.590.670.700.820.880.780.740.760.67
Total Debt to Capitalization
0.580.570.600.590.670.700.820.880.800.770.800.67
Interest Coverage Ratio
14.9710.849.3810.648.746.82-3N/AN/AN/A3.476.82
Cash Flow to Debt Ratio
0.480.370.420.470.390.24-0.090.00-0.040.230.230.24
Company Equity Multiplier
3.093.063.313.183.964.476.9910.045.675.286.233.96
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.330.290.350.350.340.25-0.440.00-0.190.310.280.28
Free Cash Flow / Operating Cash Flow Ratio
0.750.550.650.810.790.661.93-54.21.810.610.580.66
Cash Flow Coverage Ratio
0.480.370.420.470.390.24-0.090.00-0.040.230.230.24
Short Term Coverage Ratio
48.4536.4124.2115.3442.3543.4-17.260.20-0.391.691.2043.4
Dividend Payout Ratio
84.01%137.69%174.15%104.80%123.45%87.73%-63.17%N/AN/A24.97%39.69%87.73%