Las Vegasnds (XTER:LCR) Cyclically Adjusted PB Ratio: (As of Aug. 13, 2026)

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Director of Data and Quant Analytics at GuruFocus
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XTER:LCR Las Vegas Sands Corp XTER:LCR
78 GF Score
Price €39.65
GF Value €69.63
Valuation Significantly Undervalued
! 2 Warning Signs
View Full Analysis

What is Las Vegasnds Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Las Vegasnds  (XTER:LCR) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Las Vegasnds Cyclically Adjusted PB Ratio Related Terms


Las Vegasnds Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Las Vegasnds's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Las Vegasnds Cyclically Adjusted PB Ratio Chart

Las Vegasnds Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.29 5.62 6.00 6.65 9.27

Las Vegasnds Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.83 7.40 9.27 7.80 6.86

XTER:LCR vs MGM, WYNN, BYD: Cyclically Adjusted PB Ratio Comparison

For the Resorts & Casinos subindustry, Las Vegasnds's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Las Vegasnds Cyclically Adjusted PB Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Las Vegasnds's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Las Vegasnds's Cyclically Adjusted PB Ratio falls into.


XTER:LCR
78GF Score
Las Vegas Sands Corp XTER:LCR
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Las Vegasnds Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Las Vegasnds's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Las Vegasnds's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.778/333.9520*333.9520
=0.778

Current CPI (Jun. 2026) = 333.9520.

Las Vegasnds Quarterly Data

Book Value per Share CPI Adj_Book
201609 7.112 241.428 9.838
201612 7.366 241.432 10.189
201703 7.080 243.801 9.698
201706 6.664 244.955 9.085
201709 6.258 246.819 8.467
201712 6.946 246.524 9.409
201803 7.568 249.554 10.127
201806 7.776 251.989 10.305
201809 7.501 252.439 9.923
201812 6.447 251.233 8.570
201903 6.326 254.202 8.311
201906 6.390 256.143 8.331
201909 6.336 256.759 8.241
201912 6.110 256.974 7.940
202003 5.317 258.115 6.879
202006 4.324 257.797 5.601
202009 3.555 260.280 4.561
202012 3.199 260.474 4.101
202103 2.939 264.877 3.705
202106 2.706 271.696 3.326
202109 2.339 274.310 2.848
202112 2.312 278.802 2.769
202203 5.383 287.504 6.253
202206 5.189 296.311 5.848
202209 5.156 296.808 5.801
202212 4.795 296.797 5.395
202303 4.959 301.836 5.487
202306 5.231 305.109 5.726
202309 5.580 307.789 6.054
202312 5.015 306.746 5.460
202403 4.881 312.332 5.219
202406 4.738 314.175 5.036
202409 4.258 315.301 4.510
202412 3.845 315.605 4.069
202503 3.533 319.799 3.689
202506 2.513 322.561 2.602
202509 1.974 324.800 2.030
202512 2.012 324.054 2.073
202603 1.563 330.213 1.581
202606 0.778 333.952 0.778

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

Is Las Vegasnds (XTER:LCR) Overvalued in 2026?

Based on GuruFocus' analysis, Las Vegasnds stock appears to be undervalued. The current stock price of €39.65 is trading 43.1% below its estimated GF Value™ of €69.63. GuruFocus considers Las Vegasnds to be Significantly Undervalued.

Key valuation signals for XTER:LCR:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €69.63 vs. price of €39.65 (43.1% below fair value)
  • GF Score™: 78/100 with 2 warning signs

No single metric tells the full story. See the XTER:LCR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Las Vegasnds Business Description

Address 5420 S. Durango Drive, Las Vegas, NV, USA, 89113
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.
78GF Score

Get the complete analysis for XTER:LCR

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€39.65
Price
€69.63
GF Value