Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Las VegasndsHAM:LCR +2.68%79 Debt-to-Equity is 26.27 as of Jun. 2026, which is 630% above its 10-year median of 3.60. GuruFocus rates HAM:LCR with a GF Score™ of 79/100 and a GF Value™ of €59.34 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 722 Travel & Leisure companies, Las Vegasnds ranks worse than 99.86% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Las Vegasnds's Debt-to-Equity or its related term are showing as below:
HAM:LCR'
s Debt-to-Equity Range Over the Past 10 Years
Min: 1.31 Med: 3.6 Max: 26.27
Current: 26.27
During the past 13 years, the highest Debt-to-Equity Ratio of Las Vegasnds was 26.27. The lowest was 1.31. And the median was 3.60.
HAM:LCR's Debt-to-Equity is ranked worse than 99.86% of 722
companies
in the Travel & Leisure industry
Industry Median: 0.43
vs HAM:LCR: 26.27
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Las Vegasnds Debt-to-Equity Related Terms
Las Vegasnds Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Las Vegasnds's Debt-to-Equity 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.
HAM:LCR vs MGM, WYNN, BYD: Debt-to-Equity Comparison
For the Resorts & Casinos subindustry, Las Vegasnds's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Las Vegasnds's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Las Vegasnds's Debt-to-Equity falls into.
* 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 (HAM:LCR) has a Debt-to-Equity of 26.27 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Las Vegasnds and its competitors. This is 630% above median its historical median of 3.60. Over the past decade, Las Vegasnds' Debt-to-Equity has ranged from 1.31 to 26.27. According to the industry distribution chart, Las Vegasnds ranks #721 out of 722 companies in the Travel & Leisure industry, placing it in the top 99.9%.
Is Las Vegasnds' Debt-to-Equity too high?
Las Vegasnds' current Debt-to-Equity of 26.27 is 630% above median its 10-year median of 3.60. Over the past 10 years, this metric has ranged from a low of 1.31 to a high of 26.27. The Travel & Leisure industry median Debt-to-Equity is 0.43. Las Vegasnds' value of 26.27 is 6009.3% above this industry median. Based on the distribution chart, Las Vegasnds ranks #721 out of 722 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Las Vegasnds has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Las Vegasnds' Debt-to-Equity compare to MGM and WYNN?
According to the Travel & Leisure industry distribution chart, Las Vegasnds ranks #721 out of 722 companies for Debt-to-Equity. This places Las Vegasnds in the lower half of its industry. The industry median Debt-to-Equity is 0.43. Las Vegasnds' value of 26.27 is 6009.3% above this benchmark. Historically, Las Vegasnds' own Debt-to-Equity has ranged from 1.31 to 26.27 over the past decade. While the company's 10-year median is 3.60 vs. the industry median of 0.43, Las Vegasnds has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Travel & Leisure company?
The median Debt-to-Equity among Travel & Leisure companies is 0.43, based on 722 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Las Vegasnds's current Debt-to-Equity of 26.27 is 6009.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Las Vegasnds and its competitors. For the Travel & Leisure industry, the median Debt-to-Equity is 0.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Las Vegasnds's current Debt-to-Equity is 26.27, which is 630% above median its own 10-year median of 3.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Las Vegasnds stock overvalued right now?
Based on GuruFocus' analysis, Las Vegasnds (HAM:LCR) is currently considered Modestly Undervalued. The stock's GF Value™ is €59.34, compared to a current price of €42.85 — trading 27.8% below its estimated fair value. The current Debt-to-Equity is 26.27, which is 630% above median its 10-year median of 3.60 and 6009.3% above the Travel & Leisure industry median of 0.43. Las Vegasnds' overall GF Score™ is 79/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Las Vegasnds (HAM:LCR), the current Debt-to-Equity is 26.27 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Las Vegasnds (HAM:LCR) Overvalued in 2026?
Based on GuruFocus' analysis, Las Vegasnds stock appears to be undervalued.
The current stock price of €42.85 is trading 27.8% below its estimated GF Value™ of €59.34.
GuruFocus considers Las Vegasnds to be Modestly Undervalued.
Key valuation signals for HAM:LCR:
Debt-to-Equity: 26.27 (630% above median its 10-year median of 3.60)
GF Value™: €59.34 vs. price of €42.85 (27.8% below fair value)
Industry Position: 6009.3% above the Travel & Leisure median (#721 of 722)
No single metric tells the full story. See the HAM:LCR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
79GF Score
Get the complete analysis for HAM:LCR
Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HAM:LCR has been successfully added to your 
