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Las Vegas Sands Valuation Multiples
Discover revenue and EBITDA valuation multiples for Las Vegas Sands and similar public comparables like Oriental Land, Galaxy Enter Group, Aristocrat Leisure, IHG Hotels & Resorts and more.
Las Vegas Sands Overview
About Las Vegas Sands
Las Vegas Sands is the world's largest operator of fully integrated resorts, featuring casino, hotel, entertainment, food and beverage, retail, and convention center operations. The company owns the Venetian Macao, Sands Macao, Londoner Macao, Four Seasons Hotel Macao, and Parisian Macao, as well as the Marina Bay Sands resort in Singapore. We expect Sands to open a fourth tower in Singapore in 2031. Its Venetian and Palazzo Las Vegas assets in the US were sold to Apollo and Vici in 2022. After the sale of its Vegas assets, Sands generates all its EBITDA from Asia, with its casino operations generating the majority of sales.
Founded
2004
HQ
Employees
41.5K
Website
Financials (LTM)
EV
$50B
Las Vegas Sands Financials
Las Vegas Sands reported last 12-month revenue of $13B and EBITDA of $5B.
In the same LTM period, Las Vegas Sands generated $9B in gross profit, $5B in EBITDA, and $2B in net income.
Revenue (LTM)
Las Vegas Sands P&L
In the most recent fiscal year, Las Vegas Sands reported revenue of $13B and EBITDA of $5B.
Las Vegas Sands expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $13B | XXX | $13B | XXX | XXX | XXX |
| Gross Profit | $9B | XXX | $6B | XXX | XXX | XXX |
| Gross Margin | 72% | XXX | 50% | XXX | XXX | XXX |
| EBITDA | $5B | XXX | $5B | XXX | XXX | XXX |
| EBITDA Margin | 40% | XXX | 40% | XXX | XXX | XXX |
| EBIT Margin | 22% | XXX | 24% | XXX | XXX | XXX |
| Net Profit | $2B | XXX | $2B | XXX | XXX | XXX |
| Net Margin | 16% | XXX | 16% | XXX | XXX | XXX |
| Net Debt | — | — | $12B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Las Vegas Sands Stock Performance
Las Vegas Sands has current market cap of $38B, and enterprise value of $50B.
Market Cap Evolution
Las Vegas Sands' stock price is $56.36.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $50B | $38B | 0.0% | XXX | XXX | XXX | $3.10 |
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Start Free TrialLas Vegas Sands Valuation Multiples
Las Vegas Sands trades at 3.8x EV/Revenue multiple, and 9.5x EV/EBITDA.
EV / Revenue (LTM)
Las Vegas Sands Financial Valuation Multiples
As of March 16, 2026, Las Vegas Sands has market cap of $38B and EV of $50B.
Equity research analysts estimate Las Vegas Sands' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Las Vegas Sands has a P/E ratio of 18.0x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $38B | XXX | $38B | XXX | XXX | XXX |
| EV (current) | $50B | XXX | $50B | XXX | XXX | XXX |
| EV/Revenue | 3.8x | XXX | 3.8x | XXX | XXX | XXX |
| EV/EBITDA | 9.5x | XXX | 9.5x | XXX | XXX | XXX |
| EV/EBIT | 16.9x | XXX | 16.1x | XXX | XXX | XXX |
| EV/Gross Profit | 5.3x | XXX | 7.7x | XXX | XXX | XXX |
| P/E | 18.0x | XXX | 18.2x | XXX | XXX | XXX |
| EV/FCF | 19.2x | XXX | 20.1x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Las Vegas Sands Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Las Vegas Sands Margins & Growth Rates
Las Vegas Sands' revenue in the last 12 month grew by 6%.
Las Vegas Sands' revenue per employee in the last FY averaged $0.3M.
Las Vegas Sands' rule of 40 is 46% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Las Vegas Sands' rule of X is 54% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Las Vegas Sands Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 6% | XXX | 6% | XXX | XXX | XXX |
| EBITDA Margin | 40% | XXX | 40% | XXX | XXX | XXX |
| EBITDA Growth | 4% | XXX | 3% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 46% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 54% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 9% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 0% | XXX | 2% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 26% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Las Vegas Sands Public Comps
See public comps and valuation multiples for other Accommodation and Casinos & Gambling comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Oriental Land | XXX | XXX | XXX | XXX | XXX | XXX |
| Galaxy Enter Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Aristocrat Leisure | XXX | XXX | XXX | XXX | XXX | XXX |
| IHG Hotels & Resorts | XXX | XXX | XXX | XXX | XXX | XXX |
| Flutter Entertainment | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Las Vegas Sands M&A Activity
Las Vegas Sands acquired XXX companies to date.
Last acquisition by Las Vegas Sands was on XXXXXXXX, XXXXX. Las Vegas Sands acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Las Vegas Sands
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialLas Vegas Sands Investment Activity
Las Vegas Sands invested in XXX companies to date.
Las Vegas Sands made its latest investment on XXXXXXXX, XXXXX. Las Vegas Sands invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Las Vegas Sands
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Las Vegas Sands
| When was Las Vegas Sands founded? | Las Vegas Sands was founded in 2004. |
| Where is Las Vegas Sands headquartered? | Las Vegas Sands is headquartered in United States. |
| How many employees does Las Vegas Sands have? | As of today, Las Vegas Sands has over 41K employees. |
| Who is the CEO of Las Vegas Sands? | Las Vegas Sands' CEO is Patrick Dumont. |
| Is Las Vegas Sands publicly listed? | Yes, Las Vegas Sands is a public company listed on NYSE. |
| What is the stock symbol of Las Vegas Sands? | Las Vegas Sands trades under LVS ticker. |
| When did Las Vegas Sands go public? | Las Vegas Sands went public in 2004. |
| Who are competitors of Las Vegas Sands? | Las Vegas Sands main competitors are Oriental Land, Galaxy Enter Group, Aristocrat Leisure, IHG Hotels & Resorts. |
| What is the current market cap of Las Vegas Sands? | Las Vegas Sands' current market cap is $38B. |
| What is the current revenue of Las Vegas Sands? | Las Vegas Sands' last 12 months revenue is $13B. |
| What is the current revenue growth of Las Vegas Sands? | Las Vegas Sands revenue growth (NTM/LTM) is 6%. |
| What is the current EV/Revenue multiple of Las Vegas Sands? | Current revenue multiple of Las Vegas Sands is 3.8x. |
| Is Las Vegas Sands profitable? | Yes, Las Vegas Sands is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Las Vegas Sands? | Las Vegas Sands' last 12 months EBITDA is $5B. |
| What is Las Vegas Sands' EBITDA margin? | Las Vegas Sands' last 12 months EBITDA margin is 40%. |
| What is the current EV/EBITDA multiple of Las Vegas Sands? | Current EBITDA multiple of Las Vegas Sands is 9.5x. |
| What is the current FCF of Las Vegas Sands? | Las Vegas Sands' last 12 months FCF is $3B. |
| What is Las Vegas Sands' FCF margin? | Las Vegas Sands' last 12 months FCF margin is 20%. |
| What is the current EV/FCF multiple of Las Vegas Sands? | Current FCF multiple of Las Vegas Sands is 19.2x. |
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