Las Vegas Sands Corp (LVS)

Hotels & Motels

Latest Price

$36.97

TTM P/E

15.09

Normalized P/E

18.48

TTM Div Yield

3.11%

Fwd Div Yield

3.90%

Book Value

0.88

P/B Ratio

42.16

Valuation metrics

EPS: $2.35

Book value / share: $2.36

Formula: √(22.5 × EPS × BVPS)

Graham Number

$11.16

70% 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

64% 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

61% downside

EPS: $2.35

Target P/E: 19×

Formula: EPS × P/E

P/E Fair Value

$44.65

+21% upside

42.7% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	24.84M	$1.15B	3.96%	-1.32M	2026-06-30
Vanguard Capital Management LLC	19.45M	$898.0M	3.10%	-192.3K	2026-06-30
Vanguard Portfolio Management LLC	18.65M	$861.0M	2.97%	+261.5K	2026-06-30
State Street Corp	15.16M	$700.0M	2.42%	+919.5K	2026-06-30
Price T Rowe Associates Inc	11.18M	$516.0M	1.78%	+844.3K	2026-06-30
D. E. Shaw & Co., Inc.	9.07M	$418.0M	1.45%	+529.0K	2026-06-30
Invesco Ltd.	8.85M	$408.0M	1.41%	+1.44M	2026-06-30
Geode Capital Management, LLC	8.20M	$377.0M	1.31%	-250.0K	2026-06-30
Arrowstreet Capital, Limited Partnership	7.38M	$341.0M	1.18%	-1.20M	2026-06-30
Bank of New York Mellon Corp	6.61M	$305.0M	1.05%	-252.2K	2026-06-30