LAS VEGAS SANDS CORP (LVS)

Hotels & Motels

Latest Price

$48.89

TTM P/E

18.95

Normalized P/E

27.04

Div Yield

2.25%

Book Value

0.89

P/B Ratio

55.03

Valuation metrics

EPS: $2.35

Book value / share: $2.36

Formula: √(22.5 × EPS × BVPS)

Graham Number

$11.16

77% downside

Norm. op. income: $2.3B (median of 7yr)

Tax rate: 14%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$13.43

73% downside

Base FCF: $1.9B (median of recent 5yr)

Growth: -1%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$14.53

70% downside

EPS: $2.35

Target P/E: 27×

Formula: EPS × P/E

P/E Fair Value

$63.45

+30% upside

40.3% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	26.16M	$1.41B	4.04%	-44.1K	2026-03-31
VANGUARD CAPITAL MANAGEMENT LLC	19.64M	$1.06B	3.03%	--	2026-03-31
VANGUARD PORTFOLIO MANAGEMENT LLC	18.38M	$990.0M	2.84%	--	2026-03-31
STATE STREET CORP	14.24M	$767.0M	2.20%	+84.9K	2026-03-31
PRICE T ROWE ASSOCIATES INC /MD/	10.34M	$557.0M	1.60%	-77.5K	2026-03-31
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP	8.58M	$462.0M	1.32%	+396.7K	2026-03-31
D. E. Shaw & Co., Inc.	8.54M	$459.0M	1.32%	+3.51M	2026-03-31
GEODE CAPITAL MANAGEMENT, LLC	8.45M	$453.0M	1.30%	+153.6K	2026-03-31
AQR CAPITAL MANAGEMENT LLC	7.55M	$398.0M	1.17%	-1.55M	2026-03-31
Invesco Ltd.	7.41M	$399.0M	1.14%	+2.27M	2026-03-31