Price to Sales (P/S)
since 2005
Calculation
Las Vegas Sands Corp., P/S, long-term trends, calculation
| P/S | = | Share price1, 2, 3 | ÷ | Sales per share1 | Sales per share1 | = | Net revenues1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 3, 2023 | 10.80 | = | 58.08 | ÷ | 5.38 | 5.38 | = | 4,110 | ÷ | 764,273,371 | |
| Feb 4, 2022 | 7.98 | = | 44.20 | ÷ | 5.54 | 5.54 | = | 4,234 | ÷ | 763,989,752 | |
| Feb 5, 2021 | 11.75 | = | 55.57 | ÷ | 4.73 | 4.73 | = | 3,612 | ÷ | 763,842,938 | |
| Feb 7, 2020 | 3.71 | = | 66.80 | ÷ | 17.99 | 17.99 | = | 13,739 | ÷ | 763,684,915 | |
| Feb 22, 2019 | 3.48 | = | 61.61 | ÷ | 17.71 | 17.71 | = | 13,729 | ÷ | 775,051,979 | |
| Feb 23, 2018 | 4.55 | = | 74.33 | ÷ | 16.33 | 16.33 | = | 12,882 | ÷ | 788,881,737 | |
| Feb 24, 2017 | 3.63 | = | 52.17 | ÷ | 14.37 | 14.37 | = | 11,410 | ÷ | 793,994,554 | |
| Feb 26, 2016 | 3.26 | = | 47.92 | ÷ | 14.71 | 14.71 | = | 11,688 | ÷ | 794,694,494 | |
| Feb 27, 2015 | 3.12 | = | 56.90 | ÷ | 18.26 | 18.26 | = | 14,584 | ÷ | 798,510,417 | |
| Feb 28, 2014 | 5.03 | = | 85.25 | ÷ | 16.95 | 16.95 | = | 13,770 | ÷ | 812,566,265 | |
| Mar 1, 2013 | 3.80 | = | 51.31 | ÷ | 13.50 | 13.50 | = | 11,131 | ÷ | 824,412,319 | |
| Feb 29, 2012 | 4.34 | = | 55.61 | ÷ | 12.82 | 12.82 | = | 9,411 | ÷ | 734,061,465 | |
| Mar 1, 2011 | 4.63 | = | 43.70 | ÷ | 9.43 | 9.43 | = | 6,853 | ÷ | 726,471,263 | |
| Mar 1, 2010 | 2.47 | = | 17.09 | ÷ | 6.91 | 6.91 | = | 4,563 | ÷ | 660,323,374 | |
| Mar 2, 2009 | 0.33 | = | 2.19 | ÷ | 6.72 | 6.72 | = | 4,390 | ÷ | 652,831,025 | |
| Feb 29, 2008 | 10.03 | = | 83.30 | ÷ | 8.30 | 8.30 | = | 2,951 | ÷ | 355,352,992 | |
| Feb 28, 2007 | 13.69 | = | 86.34 | ÷ | 6.31 | 6.31 | = | 2,237 | ÷ | 354,682,930 | |
| Mar 2, 2006 | 10.83 | = | 53.23 | ÷ | 4.91 | 4.91 | = | 1,741 | ÷ | 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 Trends
- The share price exhibited significant volatility over the analyzed periods. It started at $53.23 in early 2006, peaked at $86.34 in early 2007, and remained relatively high through early 2008. A dramatic decline occurred by early 2009, dropping to $2.19, followed by a gradual recovery reaching $85.25 by early 2014. Thereafter, the price showed fluctuations with a downward trend, falling to $44.20 in early 2022, before a moderate increase to $58.08 in early 2023.
- Sales per Share Patterns
- Sales per share generally increased from $4.91 in early 2006 to a peak of $18.26 in early 2015, indicating growth in revenue generation per share. After this peak, a decline occurred, reaching a low of $4.73 in early 2021, followed by a modest recovery to $5.38 by early 2023, suggesting recent challenges in maintaining previous sales levels.
- Price-to-Sales (P/S) Ratio Behavior
- The P/S ratio demonstrated considerable fluctuations aligned with changes in share price and sales per share. High ratios were noted in the initial years, with a peak of 13.69 in early 2007, followed by a sharp collapse to 0.33 in early 2009 concurrent with the share price drop. Subsequently, the ratio stabilized around mid-single digits, with ups and downs reflecting market valuation relative to sales. A notable increase occurred again in early 2021, rising to 11.75, before slightly moderating to 10.8 by early 2023.
- Overall Insights
- The data reflects significant periods of financial stress and recovery. The steep decline in share price and P/S ratio around 2009 suggests sensitivity to external or internal challenges affecting corporate valuation. While sales per share showed robust growth up to mid-2010s, the subsequent decline indicates possible market or operational difficulties. The recent partial recovery in share price and P/S ratio, alongside low sales per share, may imply market optimism or speculative valuation despite lower sales performance.
Comparison to Competitors
Las Vegas Sands Corp., P/S, 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 | 10.80 | 10.04 | 5.35 | 5.14 | 3.23 | 8.32 | 3.49 |
| Feb 4, 2022 | 7.98 | 16.64 | 9.22 | 5.80 | 7.30 | 7.85 | 4.47 |
| Feb 5, 2021 | 11.75 | 37.16 | 14.73 | 7.26 | 16.87 | 8.20 | 4.67 |
| Feb 7, 2020 | 3.71 | — | 4.57 | 4.24 | — | 7.43 | 3.75 |
| Feb 22, 2019 | 3.48 | — | 5.91 | 3.31 | — | 6.67 | 3.42 |
| Feb 23, 2018 | 4.55 | — | 7.13 | 1.66 | — | 5.68 | 3.62 |
| Feb 24, 2017 | 3.63 | — | 7.47 | 2.94 | — | 4.29 | 3.81 |
| Feb 26, 2016 | 3.26 | — | 6.65 | 3.07 | — | 4.20 | 4.73 |
| Feb 27, 2015 | 3.12 | — | 7.49 | 5.10 | — | 3.33 | 3.55 |
| Feb 28, 2014 | 5.03 | — | 9.85 | 5.24 | — | 3.40 | 4.08 |
| Mar 1, 2013 | 3.80 | — | 6.60 | 3.64 | — | 3.50 | 2.73 |
| Feb 29, 2012 | 4.34 | — | 6.76 | 5.19 | — | 3.78 | 2.68 |
| Mar 1, 2011 | 4.63 | — | 7.33 | 4.49 | — | 3.23 | 2.14 |
| Mar 1, 2010 | 2.47 | — | 4.49 | 2.18 | — | 3.02 | 1.62 |
| Mar 2, 2009 | 0.33 | — | 1.82 | 1.29 | — | 2.57 | 0.60 |
| Feb 29, 2008 | 10.03 | — | 3.10 | 3.17 | — | 2.83 | 1.79 |
| Feb 28, 2007 | 13.69 | — | 1.78 | 2.56 | — | 2.55 | 3.55 |
| Mar 2, 2006 | 10.83 | — | 0.97 | 2.80 | — | 2.17 | 3.74 |
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/S, long-term trends, comparison to sector (consumer services)
| Las Vegas Sands Corp. | Consumer Services | |
|---|---|---|
| Feb 3, 2023 | 10.80 | 5.69 |
| Feb 4, 2022 | 7.98 | 7.25 |
| Feb 5, 2021 | 11.75 | 9.47 |
| Feb 7, 2020 | 3.71 | 5.11 |
| Feb 22, 2019 | 3.48 | 5.02 |
| Feb 23, 2018 | 4.55 | 4.94 |
| Feb 24, 2017 | 3.63 | 4.60 |
| Feb 26, 2016 | 3.26 | 4.67 |
| Feb 27, 2015 | 3.12 | 4.15 |
| Feb 28, 2014 | 5.03 | 4.53 |
| Mar 1, 2013 | 3.80 | 3.63 |
| Feb 29, 2012 | 4.34 | 3.85 |
| Mar 1, 2011 | 4.63 | 3.31 |
| Mar 1, 2010 | 2.47 | 2.70 |
| Mar 2, 2009 | 0.33 | 1.93 |
| Feb 29, 2008 | 10.03 | 2.57 |
| Feb 28, 2007 | 13.69 | 2.77 |
| Mar 2, 2006 | 10.83 | 2.49 |
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/S, long-term trends, comparison to industry (consumer discretionary)
| Las Vegas Sands Corp. | Consumer Discretionary | |
|---|---|---|
| Feb 3, 2023 | 10.80 | 2.27 |
| Feb 4, 2022 | 7.98 | 3.58 |
| Feb 5, 2021 | 11.75 | 3.81 |
| Feb 7, 2020 | 3.71 | 2.33 |
| Feb 22, 2019 | 3.48 | 2.05 |
| Feb 23, 2018 | 4.55 | 2.06 |
| Feb 24, 2017 | 3.63 | 1.68 |
| Feb 26, 2016 | 3.26 | 1.57 |
| Feb 27, 2015 | 3.12 | 1.32 |
| Feb 28, 2014 | 5.03 | 1.33 |
| Mar 1, 2013 | 3.80 | 1.06 |
| Feb 29, 2012 | 4.34 | 0.97 |
| Mar 1, 2011 | 4.63 | 0.96 |
| Mar 1, 2010 | 2.47 | 0.92 |
| Mar 2, 2009 | 0.33 | 0.66 |
| Feb 29, 2008 | 10.03 | 0.79 |
| Feb 28, 2007 | 13.69 | 0.86 |
| Mar 2, 2006 | 10.83 | 0.79 |
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).