Price to Earnings (P/E)
since 2005
Calculation
Las Vegas Sands Corp., P/E, long-term trends, calculation
| P/E | = | Share price1, 2, 3 | ÷ | Earnings per share1 (EPS) | EPS1 | = | Net income (loss) attributable to common stockholders1 (in millions) | ÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 3, 2023 | 24.23 | = | 58.08 | ÷ | 2.40 | 2.40 | = | 1,832 | ÷ | 764,273,371 | |
| Feb 4, 2022 | — | = | 44.20 | ÷ | -1.26 | -1.26 | = | -961 | ÷ | 763,989,752 | |
| Feb 5, 2021 | — | = | 55.57 | ÷ | -2.21 | -2.21 | = | -1,685 | ÷ | 763,842,938 | |
| Feb 7, 2020 | 18.91 | = | 66.80 | ÷ | 3.53 | 3.53 | = | 2,698 | ÷ | 763,684,915 | |
| Feb 22, 2019 | 19.79 | = | 61.61 | ÷ | 3.11 | 3.11 | = | 2,413 | ÷ | 775,051,979 | |
| Feb 23, 2018 | 20.90 | = | 74.33 | ÷ | 3.56 | 3.56 | = | 2,806 | ÷ | 788,881,737 | |
| Feb 24, 2017 | 24.80 | = | 52.17 | ÷ | 2.10 | 2.10 | = | 1,670 | ÷ | 793,994,554 | |
| Feb 26, 2016 | 19.37 | = | 47.92 | ÷ | 2.47 | 2.47 | = | 1,966 | ÷ | 794,694,494 | |
| Feb 27, 2015 | 15.99 | = | 56.90 | ÷ | 3.56 | 3.56 | = | 2,841 | ÷ | 798,510,417 | |
| Feb 28, 2014 | 30.04 | = | 85.25 | ÷ | 2.84 | 2.84 | = | 2,306 | ÷ | 812,566,265 | |
| Mar 1, 2013 | 27.75 | = | 51.31 | ÷ | 1.85 | 1.85 | = | 1,524 | ÷ | 824,412,319 | |
| Feb 29, 2012 | 32.16 | = | 55.61 | ÷ | 1.73 | 1.73 | = | 1,270 | ÷ | 734,061,465 | |
| Mar 1, 2011 | 77.91 | = | 43.70 | ÷ | 0.56 | 0.56 | = | 407 | ÷ | 726,471,263 | |
| Mar 1, 2010 | — | = | 17.09 | ÷ | -0.82 | -0.82 | = | -540 | ÷ | 660,323,374 | |
| Mar 2, 2009 | — | = | 2.19 | ÷ | -0.29 | -0.29 | = | -189 | ÷ | 652,831,025 | |
| Feb 29, 2008 | 253.68 | = | 83.30 | ÷ | 0.33 | 0.33 | = | 117 | ÷ | 355,352,992 | |
| Feb 28, 2007 | 69.28 | = | 86.34 | ÷ | 1.25 | 1.25 | = | 442 | ÷ | 354,682,930 | |
| Mar 2, 2006 | 66.48 | = | 53.23 | ÷ | 0.80 | 0.80 | = | 284 | ÷ | 354,303,160 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Las Vegas Sands Corp. Annual Report.
- Share Price Analysis
- The share price exhibited significant volatility over the period. It started at $53.23 in 2006 and peaked at $86.34 in 2007. A dramatic decline occurred in 2009, dropping to $2.19, followed by a gradual recovery with fluctuations, reaching $85.25 in 2014. Subsequently, it declined again, hitting a low of $44.20 in 2022 before marginally increasing to $58.08 in 2023. Overall, the share price showed exposure to market or operational risks, with notable troughs and recoveries throughout the years.
- Earnings Per Share (EPS) Trend
- EPS displayed considerable fluctuations. Initially, EPS was positive, reaching 1.25 in 2007 but then sharply decreased to negative values in 2009 (-0.29) and 2010 (-0.82), indicating periods of losses. A recovery phase followed, with EPS rising to a peak of 3.56 in 2014 and maintaining generally positive performance until 2020. Another decline occurred in 2021 and 2022 with negative EPS values (-2.21 and -1.26 respectively), before rebounding to 2.4 in 2023. These variations suggest cyclical profitability and challenges affecting earnings sustainability.
- Price-to-Earnings (P/E) Ratio Evaluation
- The P/E ratio was high in the early years, reaching 253.68 in 2008, indicative of potentially overvalued stock or low earnings at the time. It was not available during the sharp EPS declines in 2009 and 2010. The P/E ratio improved and stabilized between roughly 16 and 33 from 2011 through 2020, reflecting moderate valuation in relation to earnings. The absence of P/E data in 2021 and 2022 coincides with negative EPS, rendering the ratio not meaningful. The ratio returned to 24.23 in 2023, suggesting resumed positive earnings perception.
- Combined Insights
- There is a clear correlation between EPS fluctuations and corresponding P/E ratios, with negative earnings causing missing or undefined P/E values. The share price tends to follow earnings trends but with volatility likely influenced by external factors. Periods of negative earnings and extreme share price declines highlight financial and operational challenges. The recovery phases in both EPS and share price indicate resilience and potential turnaround efforts. Overall, the data reflect cyclical performance with intermittent periods of financial stress and recovery.
Comparison to Competitors
Las Vegas Sands Corp., P/E, long-term trends, comparison to competitors
| Las Vegas Sands Corp. | Airbnb Inc. | Booking Holdings Inc. | Chipotle Mexican Grill Inc. | DoorDash, Inc. | McDonald’s Corp. | Starbucks Corp. | |
|---|---|---|---|---|---|---|---|
| Feb 3, 2023 | 24.23 | 44.53 | 29.87 | 49.37 | — | 31.22 | 34.26 |
| Feb 4, 2022 | — | — | 86.68 | 67.03 | — | 24.15 | 30.95 |
| Feb 5, 2021 | — | — | 1,696.44 | 122.18 | — | 33.31 | 118.26 |
| Feb 7, 2020 | 18.91 | — | 14.16 | 67.72 | — | 25.99 | 27.63 |
| Feb 22, 2019 | 19.79 | — | 21.46 | 91.33 | — | 23.66 | 18.71 |
| Feb 23, 2018 | 20.90 | — | 38.61 | 42.15 | — | 24.95 | 28.08 |
| Feb 24, 2017 | 24.80 | — | 37.59 | 499.87 | — | 22.55 | 28.81 |
| Feb 26, 2016 | 19.37 | — | 24.03 | 29.06 | — | 23.56 | 32.88 |
| Feb 27, 2015 | 15.99 | — | 26.12 | 47.09 | — | 19.19 | 28.27 |
| Feb 28, 2014 | 30.04 | — | 35.35 | 51.40 | — | 17.10 | 7,312.64 |
| Mar 1, 2013 | 27.75 | — | 24.45 | 35.78 | — | 17.64 | 26.20 |
| Feb 29, 2012 | 32.16 | — | 27.89 | 54.76 | — | 18.57 | 25.14 |
| Mar 1, 2011 | 77.91 | — | 42.86 | 46.04 | — | 15.70 | 24.20 |
| Mar 1, 2010 | — | — | 21.47 | 26.12 | — | 15.10 | 40.57 |
| Mar 2, 2009 | — | — | 17.74 | 21.96 | — | 14.02 | 19.66 |
| Feb 29, 2008 | 253.68 | — | 28.12 | 48.84 | — | 26.95 | 25.02 |
| Feb 28, 2007 | 69.28 | — | 27.54 | 50.83 | — | 15.55 | 48.96 |
| Mar 2, 2006 | 66.48 | — | 4.89 | 46.61 | — | 17.02 | 48.21 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Consumer Services)
Las Vegas Sands Corp., P/E, long-term trends, comparison to sector (consumer services)
| Las Vegas Sands Corp. | Consumer Services | |
|---|---|---|
| Feb 3, 2023 | 24.23 | 39.20 |
| Feb 4, 2022 | — | 46.48 |
| Feb 5, 2021 | — | 569.28 |
| Feb 7, 2020 | 18.91 | 23.50 |
| Feb 22, 2019 | 19.79 | 22.35 |
| Feb 23, 2018 | 20.90 | 29.11 |
| Feb 24, 2017 | 24.80 | 28.83 |
| Feb 26, 2016 | 19.37 | 26.42 |
| Feb 27, 2015 | 15.99 | 24.14 |
| Feb 28, 2014 | 30.04 | 30.71 |
| Mar 1, 2013 | 27.75 | 20.75 |
| Feb 29, 2012 | 32.16 | 21.79 |
| Mar 1, 2011 | 77.91 | 19.91 |
| Mar 1, 2010 | — | 17.70 |
| Mar 2, 2009 | — | 14.65 |
| Feb 29, 2008 | 253.68 | 27.08 |
| Feb 28, 2007 | 69.28 | 20.57 |
| Mar 2, 2006 | 66.48 | 21.30 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Consumer Discretionary)
Las Vegas Sands Corp., P/E, long-term trends, comparison to industry (consumer discretionary)
| Las Vegas Sands Corp. | Consumer Discretionary | |
|---|---|---|
| Feb 3, 2023 | 24.23 | 46.01 |
| Feb 4, 2022 | — | 39.27 |
| Feb 5, 2021 | — | 73.74 |
| Feb 7, 2020 | 18.91 | 39.37 |
| Feb 22, 2019 | 19.79 | 33.13 |
| Feb 23, 2018 | 20.90 | 47.03 |
| Feb 24, 2017 | 24.80 | 29.19 |
| Feb 26, 2016 | 19.37 | 24.70 |
| Feb 27, 2015 | 15.99 | 29.48 |
| Feb 28, 2014 | 30.04 | 26.50 |
| Mar 1, 2013 | 27.75 | 20.90 |
| Feb 29, 2012 | 32.16 | 11.38 |
| Mar 1, 2011 | 77.91 | 17.54 |
| Mar 1, 2010 | — | 18.66 |
| Mar 2, 2009 | — | 303.41 |
| Feb 29, 2008 | 253.68 | 24.33 |
| Feb 28, 2007 | 69.28 | 117.34 |
| Mar 2, 2006 | 66.48 | 17.54 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).